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Chapter 2657: Invest in people

Investors in private equity funds are generally wealthy people, which means these people have stronger risk tolerance and are more patient. This means that the investment style of private equity funds can be more aggressive and the investment strategies can be more diverse.

If you want to delist Tesla, private equity funds must enter the market.

Larry Fink was quite surprised when he heard him talk about his plan to delist Tesla, "Tesla? Delisting? Why?"

Zhou Buqi smiled and said: "Because Tesla's stock price is low enough now, it is more cost-effective to delist now."

Tesla's market value is now less than $10 billion.

But even so, Tesla's stock price is considered to be ridiculously high by the outside world, and many investment institutions consider Tesla's stock to be a high-risk stock.

This leads to a slight disturbance, and Tesla's stock price can easily cause huge shocks.

The main reason is that the foundation is not solid.

But in Zhou Buqi's eyes, Tesla's potential has not been demonstrated at all. It’s not that Tesla’s cars are unpopular, on the contrary, Tesla is so popular that its production capacity cannot keep up.

Larry Fink was shocked by his remarks, "Tesla is already the car company with the highest price-to-earnings ratio in the world! Even higher than Toyota and Volkswagen!"

Zhou Buqi said: "Maybe we should not treat Tesla according to the standards of a car company. We should be as patient as we were with Google and Facebook, and don't worry too much about short-term losses."

"Really delisting?"

Larry Fink frowned.

Zhou Buqi smiled and said: "Actually, the more important reason is that I want to buy more Tesla shares to pursue longer-term and more generous returns. But Musk is unwilling. He is worried that one day in the future I will seize the opportunity. Take his power."

Larry Fink laughed, "If it were me, I'd be worried too."

Zhou Buqi said: "So I suggested that he look for a plan to delist Tesla and sign an equity transfer agreement in the short term to ensure his control over Tesla. After two years, Tesla restarted its listing process. Opportunity, we need to adopt the AB stock strategy. Only by resolving Musk’s concerns will I have the opportunity to get more Tesla shares.”

Larry Fink twitched his lips and said, "As far as I know, a quarter of Tesla's shares are in your hands."

Zhou Buqi nodded, "Yes, there weren't that many originally. But Tesla's stock price has been very unstable in recent years. I have made several moves, buying stocks from the secondary market to support the bottom line. But now I have There are so many stocks that it has caused concern to Musk."

Larry Fink didn’t understand. “Just to hold more Tesla shares? Is this necessary?”

Zhou Buqi said firmly: "Yes!"

Larry Fink doesn’t think so, “Even if Tesla is a good investment project, so what? The most indispensable thing in the world is high-quality investment projects. In my opinion, the ones you have in your hands are Any company out there is better than Tesla. If you have sufficient funds, wouldn't it be better to invest in other projects? Betting too high on a Tesla company not only increases the risk, but it seems unnecessary. Delisting Tesla will also waste a lot of your energy."

Zhou Buqi said: "This is just like my investment in Netflix before. You know Netflix, right?"

"Well, half of Netflix's stock is in your hands." Larry Fink shook his head, "When I saw this report, I couldn't even believe my eyes. Zhou, I have seen too much What an excellent investor, but I have never heard of an investment style like yours. What surprises me even more is that every investment you make...at least every investment in a major project, is ultimately proven correct by the market. ”

Zhou Buqi smiled and said, "Good luck."

Larry Fink doesn’t believe this is luck. “Thirty years ago, I left Blackstone Capital and founded Blackrock Capital. At that time, it was mainly because I had a completely different investment philosophy from Blackstone Capital. But over the years, my Investment ideas have been changing. Today, I have gradually recognized the new investment theory from Internet venture capital. Investment is not about investing in projects, but investing in people."

There are so many schools of investment.

Almost every powerful Wall Street boss has his own set of investment theories, which can be called the ancestor of a religion.

However, with the rise of the Internet in recent years, a bolder and sharper investment school has emerged - investing.

In the past, investment was all about discovering good projects and then following them up to invest.

But, how to judge whether a project is a good project?

In particular, many cutting-edge fields have dreams of changing the world and subverting industries. Even the most senior insiders may not be able to understand projects of this level, let alone investors in the capital industry.

According to the traditional investment philosophy, if you don’t understand the project, you can’t invest.

what to do?

Then invest!

Get to know the person in charge of this project, analyze him comprehensively, understand him, and as long as you are sure that he is a reliable person... then boldly invest!

Regardless of whether this person is doing an IT project or a real estate project, as long as this person is starting a business, then firmly support him!

It doesn't matter if a startup project fails.

Next project, keep investing!

He has learned the lessons of his last failure and has a more mature understanding of business. The probability of success in his second venture will be higher. If it doesn’t work the second time, then the third time.

It's like supporting a star.

If one play doesn't work, then two plays. If two plays don’t work, then three plays. If the movie doesn't work, then switch to a TV series; if the TV series doesn't work, then switch to a variety show.

Most of the time, as long as the film and television company is willing to spend resources to promote the artist, there is a great possibility that the artist will be promoted and become a well-known star.

Fans like idols not because they like the idols themselves. Rather, it is tailor-made by the film and television company and brokerage company behind it. Many elements are designed on this person that fans can love, so that he can be accepted by the public.

Zhou Buqi smiled and said: "Yes, invest in people. Just like in Hollywood, if Spielberg or Scorsese comes with a project, no matter what the project is, whether it is a commercial film, an art film, a movie Whether it’s a short drama or a short drama, it doesn’t matter, Ziweixing Global will definitely vote for it.”

Larry Fink asked: "So Musk too?"

Zhou Buqi said: "It's not entirely true, maybe half and half. I'm optimistic about Netflix because I really understand the streaming media industry, so I dare to make a bold bet. I'm optimistic about Tesla, but it's not just about it. Musk, it’s because of my recognition of this project. Tesla is creating a new industry, I am very interested in it, and I am willing to participate deeply in this project.”

Larry Fink nodded, and he understood better, and smiled: "Just like Netflix will change the traditional television industry, Tesla will change the traditional automobile industry."

"That's right!"

"The market effect of Netflix has already been reflected, and many TV stations have suffered a major decline in performance. Tesla... To be honest, I can't see Tesla clearly. But I trust your judgment."

Zhou Buqi smiled and said, "So, you are willing to participate?"

Larry Fink said: "Yes, I will participate! However, when I participate in Tesla, it is not Musk who invests, but you. Compared with Musk's level, I trust your judgment more. I do This project actually implements the new investment concept of 'investing in people'. Looking at the whole world, there is no doubt that you are the best candidate."

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