You can just say that this spear is not sharp.
Two days ago, because of a court announcement, Cai Songsong, the former top fund manager, enjoyed another "top stream" treatment.
The announcement said that Manager Cai's case involved bribery, but the specific reason for the transfer of benefits, the amount of money involved, and whether it harmed retail investors and the public remains to be further disclosed.
However, some media mentioned in the report that Manager Cai may have received benefits, cooperated with the trading of stocks, and helped others to do pseudo-market value management.
If the news is true, then what this top class did is the "carrying a sedan chair" and "eating at both ends" that everyone hates the most:
While infringing on the interests of the people, he cut the leeks of the shareholders.
Friends who have not bought a fund may not be familiar with it, this manager Cai entered the junior class of the University of Science and Technology of China at the age of 15, and has a master's degree and a doctorate in chips from the Institute of Computing Technology of the Chinese Academy of Sciences.
In 2019, the cross-strait science and technology war is about to break out, and the semiconductor industry has become the key to victory or defeat.
At that time, Manager Cai, who was proud of the spring breeze, had a very out-of-the-circle saying, saying that he wanted to "be the sharpest spear in technology stocks".
Now everyone saw the news and suddenly realized, it turned out that this spear was not aimed at the opponent, but stabbed into the hearts of our people:
You can just say that this spear is not sharp.
In our place, the people and friends rush to worship when they make money, and when they lose money, they smash the pots, and they are really scolded, and they are really scolded.
Rao is a "top stream", Cai Songsong also begged people to be merciful, I hope everyone will not make money and call him Mr. Cai, and call him a rookie dog if you lose money.
Now it's okay, everyone doesn't call him Mr. Cai, nor does he call him a rookie, and they're about to call him the suspect Cai.
Looking at the secretive insider trading in the news, and then looking at the income he lost when he bought the fund, the people really can't tell the difference:
Is Manager Cai a real dish or a fake dish?
Manager Cai's ascension to the top is actually inseparable from the star-making movement that was all the rage in the fund circle from 2019 to 2020.
At that time, thanks to the upward trend in the market, the overall performance of the fund company was quite beautiful, and the promotional materials were also available.
Taking advantage of the fire of the market to cook oil, setting up people, creating stars, absorbing funds, issuing products, and expanding the scale is the same as grabbing seeds and harvesting.
At that time, visiting the fund forum was like walking into the Shuibo Liangshan Gathering Hall, and each fund manager had to have a name in front of his name.
The ordinary ones are called a male god and goddess, a brother and a sister, and those who play track stocks are called "consumer prodigies", "semiconductor hunters" and "new energy supermen".
Lu Ziye's seal a bunch of elders, demons, sect leaders, and generals, and those who debuted in a group are called left and right protectors, three musketeers, four heavenly kings, and five scattered people.
There is also a wind that is not afraid of flashing his tongue, and he has made a name for his own fund manager:
National Fund Manager.
Ski feels that the psychological pressure of a fund manager with this name is greater than the pressure of performance.
Originally, I went to work to help people manage their finances and receive some management fees, but when I wore this hat, my performance was a little worse:
and became a man who would apologize to the nation.
Fund companies are keen to do this, mainly because of a large number of young people, who are really keen on fund managers like chasing stars.
Zhang Kun, the first "100 billion fund manager" in the history of public funds, had his own super talk, support club and support activities on social media.
Every time the products he manages rise, it is a "fan circle" carnival at the level of Weibo hot search. The slogan played by the fans at that time was:
虚假的iKun,你给哥哥花钱;真正的iKun,哥哥给你赚钱。
In 2021, a list of fund managers circulated on the Internet, saying that it was Hunan Satellite TV's "Everyday Upward" program group, and planned to gather a group of fund managers to record variety shows.
has a sister who rides the wind and waves, and an older brother who overcomes obstacles, why can't there be a?
The most annoying thing is that some media went to the fund company according to the list to verify and confirmed that this variety show invitation was indeed true, but the company refused after thinking about it again and again.
Rao is like this, and soon attracted the AMAC to issue a special document to knock it, demanding that entertainment is strictly prohibited, and don't always think about letting fund managers "chase their dreams in the entertainment industry".
In our case, finance sometimes has a damn psychedelic feeling.
If you want to say that they attach importance to investor education, they will feel that "fund manager + singing and dancing" has a head, packaging fund managers like making idols.
To say that they don't pay attention to investor education, they are really trying to get into the game, counting on those who watch variety shows and watch short videos:
Carefully understand serious financial knowledge and investment logic.
The star-making movement in the fund circle has a long tradition and sufficient motivation in our country.
In almost every bull market, the established strategy of most fund companies is:
Concentrate on the performance of several star products and smash out at least one star fund manager.
Once the star manager is out of the circle, the subscription funds will flock to him, and the posters of "Xinji will be sold out in one day" and "10 billion in one day" will be scattered out.
It is a matter of course to promote its other funds.
Some small and medium-sized funds, but up and down the company, can't find a fund manager who has experienced a round of bulls and bears, so they simply let young people catch ducks on the shelves.
Therefore, you can always see some young people who have not been trading stocks for as long as you are, helping the people to take care of tens of billions of funds.
A decision-making and screening mechanism that should be rational has become the logic of traffic and fans.
Of course, this strategy can be tried and tested again and again, and it is the majority of retail investors who bet on it, and they will not settle down to study financial products at all:
They only look at the income rankings and choose the funds that have risen the most this year.
Many post-90s generations choose a fund, which takes no more than 10 seconds before and after, and the time is even less time-consuming than choosing a toothpaste in the supermarket.
Some young people took 3,000 yuan, bought more than 40 funds, and forcibly allocated a CSI 300 index.
Saying it's "don't put all your eggs in the same basket" doesn't mean it makes you to:
Put an egg in a different basket.
There are also some social media outlets that instigate young people to leverage excellent fund managers and borrow consumer loans to buy their funds.
Buy some stable financial products and use the heart of leveraged funds.
In this star-making movement, there are multiple interest chains such as fund companies, company shareholders, fund managers, and channel sales.
All of the above-mentioned parties have a natural incentive to attract capital and do large-scale.
But when the market is blazing, it is often the high point of the market, and a banquet is often the last person to pay.
The largest group of participants is often the most injured and deeply injured.
Sky used to hear that idols in the fan circle are dead in love once they fall in love.
Because idols want to provide fans with "love fantasy services", once love is "privatization", his biggest selling point disappears.
will make fans feel that the money spent on him is used by him to support other women.
In fact, how can there be any conditions in the financial circle to create idols and stars, such a treacherous market, today is Britney, tomorrow Mrs. Niu.
A slight drawdown of 5% is enough to turn a star fund manager from a god to a ghost.
But Sky felt that Manager Cai's "from rookie dog to Cai" this time could be regarded as completely tearing off the bottoms of the fund's star-making movement.
Because everyone found out, it turned out that you were a well-dressed public star:
Really took our money and went to support others.
Isn't this more profound and vivid than any investment education class?
In the past two years, there was a proposal to popularize financial knowledge for our college students, so as not to fall into online loans, non-sucking, and pig killing at every turn.
Someone in the comment followed up and said, don't wait until college, modern finance has penetrated so deeply and spread so widely.
Finance should be like science and ideological and political courses, starting from children, and making finance a general education for children.
However, such proposals were immediately refuted, feeling that not only were they difficult to implement in practice, but also did not meet the meaning of the development problem.
The original leeks have been cultivated into thorny thorns since childhood, and those who have ghosts in their hearts really can't cut them.
But when you need it, it's hard to start.