Many people are now yearning for foreign economic markets, and now it is no longer the gold rush era of the 80s, and the saturation of the global economy has brought about a slow decline in the global economy.
Just some time ago, Huawei's internal forum launched an article, in which Ren Zhengfei said that in the next ten years, the global economy will face a recession, and people's spending power will decline significantly, so Huawei should take survival as the main goal.
Throughout history, Mr. Ren's every early warning is not out of nowhere.
For example, in 2000, when the global Internet bubble burst, Mr. Ren wrote an article about Huawei's winter. This time, Huawei's strategy was to ensure cash flow, not even profit. Because Ren Zhengfei thinks that in the cold winter, whoever has cotton clothes can survive.
So what is a padded coat?
For the current business, it is nothing more than cash flow. In 2018, the global financial market was in turmoil, when not only the domestic environment was poor, but the United States also began to suppress Huawei, and even detained Meng Wanzhou in Canada. At this stage, Ren Zhengfei's strategy is still to strengthen R&D and maintain cash flow.
In fact, this is not a valuable suggestion for us ordinary people?
There are four important pieces of information that I hope will help you decide:
First, the global economy is not a cold winter, but the next three years may really be extremely cold, and even Huawei is considering whether it can survive, and it will be even more difficult for some small and medium-sized enterprises.
Second, if the global economy continues to recession, a large number of high-paying jobs will disappear, and everyone really needs to cherish the work they do.
Third, all investments in the world will enter a state of contraction, not only the stock market and bond market will go down, but also any bank wealth management and real estate will face huge risks, the best way is to rest, it is very good not to lose money, after all, some time ago, Mr. Buffett also lost a lot.
Fourth, hold cash and stop all high-leverage behaviors, such as buying a house with a lot of debt, borrowing money to speculate in stocks, these must be carefully weighed, and it is the best policy to practice your internal skills and prepare enough food for the winter.
What do you think about this?
There is a sentence in "A Tale of Two Cities" that says that this is the best of times, and this is also the worst of times. At present, the Chinese market can stabilize its foothold in the global economy, which is also very stable. Therefore, we must look at the project reasonably, and never blindly pursue excessive leverage, only stability is king.
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