Back To 1995 - Chapter 1040

Chapter 1040 Going the other way

There are still legends about him in the Jianghu, but he is no longer in the Jianghu, and the rest is just a legend. It is not something that happens in a day or two when people leave tea to cool down.

When Bill Gates gave up his position as the head of Microsoft, he also thought that there would be such a day, but it came so fast, which somewhat exceeded his expectations.

In this world, everyone will go on without anyone. Countless people only realized this with hindsight. Bill Gates noticed that Microsoft and the outside world are moving at a much faster speed than he expected. is forgetting him.

Originally, Bill Gates was thinking of advancing as a retreat, and first issued a “crime order” to let Microsoft tide over the difficulties, and then find a chance to return to the stage, but unexpectedly, Microsoft seemed to leave him, and it did not Nothing has changed much, and as for the matter of not being able to survive, there is no sign of it.

On the contrary, Microsoft’s reputation seems to be getting better. After all, no matter how bad it is, can it be worse than when he was the head? Although he doesn’t want to admit it, an embarrassing thing is happening. Those who hate Bill Gates people hate Microsoft more than that embarrasses someone…

Maybe he really has to retire in his current capacity. This is the problem facing Bill Gates. The conflict between him and Ballmer has become more and more serious, which makes him have no time to care about the battle for the richest man. Not that thoughtful, his power comes from Microsoft, without the position of head of Microsoft, his influence has been weakened by at least half!

In addition to Bill Gates, there is another person who was also asked about news related to Song Yang, who was also a little embarrassed to be asked.

Every May is the day when Buffett’s Berkshire holds a shareholder meeting. On this day, investors from all over the world will come to “pilgrimage”. The current scale is far less crazy than later generations, but it can barely be regarded as an economic industry. a grand event.

That is, this year, the general meeting of shareholders has been paid attention to again. In the years since the rise of the Internet, this general meeting of shareholders has not been paid attention to at all, but at least no media is willing to report the annual return rate of a company, which is less than 50%. % of the companies, after all, choose an Internet stock with their eyes closed. If they bet on stocks such as Netscape, Yahoo, and ICQ, they may increase five times or ten times in a year. In contrast, Buffett’s Berkshire I can only say that it is mediocre, and sometimes I have a little loss.

This Internet crash caused many people to fall from the altar, but it also saved many people. Lao Ba is one of them.

Omaha, Nebraska, is where Buffett’s shareholders’ meeting is held every year. Amid Dak’s wailing, Berkshire not only kept its capital, but also made a fortune, and the old bus was once again regarded as a **** by investors.

In the basketball arena, there is a table, two chairs, and Buffett and Munger, whose hair is not so gray under the spotlight, are sitting there. Facing the presence of nearly ten thousand investors, media, Wall Street institutions, etc., the old man drinks and calls him. Coke that has been advertised for a lifetime, chewing chocolate that has never changed for thousands of years, answering various questions asked by leeks.

I have to say that the old bus really tried his best. He is old and can stay up for more than five hours. He is asked all kinds of normal and tricky questions. Unlike some people, he went to Capitol Hill to participate in the hearing. Act as a robot all the way…

“Mr. Buffett, would you buy a professional team?”

Hearing this question, Buffett laughed it off, “This has been how many years I have heard this question, and my answer is no, if there is such a news reported by the media, it must be a liar!”

At this time, another person dressed in a Silicon Valley style, dressed in a T-shirt, hoodie, and jeans stood up, “What about the Internet, Buffett, do you still think that the Internet has no investment value?”

Buffett did not speak, and Munger picked up the microphone, “I remember, I have answered this question before!

If you mix raisins with shit, it’s still shit, Internet stocks are on NASDAQ, that’s shit!

Who would buy a bunch of shit? ”

Laughed loudly at the scene, and there was violent applause at the end. The person who asked the question, I don’t know if it was the founder of an Internet company in Silicon Valley that has not yet collapsed, his face turned red.

Seeing the person who asked the question, but still wanting to speak, Munger’s expression became serious, “Berkshire will not invest in things that cannot be understood. The current Nasdaq has proved everything!”

After holding back for a while, seeing that Buffett and Munger were about to accept the next questioner, the person from Silicon Valley said again, “Then Bruno Song, his company has no investment value. He is about to return to the position of the richest man in America!”

Hearing that Song Yang was moved out, the original mocking voice dissipated immediately. Buffett and Munger were stunned. They could mock the Internet, and they could say they couldn’t understand the tricks of the Internet, but facing the current Internet’s strength, Munger didn’t dare to open his mouth to mock.

According to Buffett and Munger’s philosophy, the Internet should have collapsed long ago, and Song Yang’s gang of Internet-born upstarts should have stopped working long ago, but the evil thing is that the Internet collapsed, and Song Yang’s value suddenly soared , and the Internet has not completely shut down, and there is still a comeback posture!

Buffett plays in traditional industries, and Song Yang seems to be doing things that Buffett doesn’t like. Internet, mobile phones, luxury goods, and professional teams that Buffett doesn’t even want to hear about. Song Yang bought one after another. From baseball to football to basketball, as well as the F1 team, space exploration, etc., these things the old man would never touch, but they were played by Song Yang.

Even Bruno Yankee Sports Company has news that it is preparing to start listing. If the listing is successful, it will become the world’s largest sports concept stock!

But it is such a person who, according to Lao Ba’s investment theory, is “wrong ways”, but now his worth surpasses Lao Ba’s, which cannot be explained by his theory.

Want to refute, but can’t refute, in America, a country where worth is justice, no matter how extravagant you say, but your worth is not as good as others, no matter how much you say, it is useless, just like Oracle President Larry Ellison, every day Spray Bill Gates, but the worth is not as good as others, no matter how much you say, it is hard to convince the public.

Lao Ba is now in such an embarrassment. With his theory, it is really difficult to explain that Song Yang’s social status is higher than him. If you don’t explain it, then it means that his theory is wrong, and traditional industries just can’t do it. Do not understand the Internet technology industry? !

The shareholder meeting, which was full of wit and golden sentences, fell into embarrassment for a while. At this time, the old man also felt the heartache of the previous few years again. He never thought that such a thing would happen when the Internet collapsed. .

“Maybe, in the future, I will regret not investing in companies such as ICQ, PayPal, Alcatel Mobile, American Telecom, and RICK, but now, Berkshire will not invest in these companies!”

In the end, it was the old man who said that Buffett has long since formed his own investment philosophy to become a generation of investment masters today. Just like those masters in the world of martial arts, he has his own “Tao”. It is not as good as a human being, and it is impossible to immediately abandon one’s own “Tao” and immediately change the court to join other people.

For Buffett, even if he is not worth as much as Song Yang, it is impossible to say that just follow Song Yang to play tricks, and if the Internet and technology stocks really become the trend in the future, then he may follow suit, but it is by no means saying that the previous Throwing away that set of ideas, even if he loses all his pants, he has lived for 89 years and experienced three times of the American stock market meltdown in eight days. would abandon his ideas…

After answering, Lao Ba and Munger didn’t want to answer any more questions. The whole shareholder meeting ended anticlimactically. It can be foreseen that in the future, as long as Song Yang’s worth is strong for one day, Lao Ba will avoid Instead of being asked questions about Song Yang and the Internet, he has to repeat his theory every year, and then continue to watch Song Yang’s value soar, but I don’t know how long the old man can hold on to this belief…

“Sooner or later, he will regret that he did not allow Berkshire to allocate ICQ, Alcatel mobile phones, and American Telecom stocks!”

In the San Jose manor, James Crow, who returned to San Jose from Tennessee, watched the broadcast on TV. For the first time, Buffett’s shareholder meeting was broadcast using TV media and the Internet. You can watch this shareholder meeting on TV and the Internet. At the meeting, James Crowe spoke righteously to his big benefactor, expressing his loyalty.

After Song Yang heard it, he just shook his head with a smile. Now it is Buffett who is embarrassed, not Song Yang, so why should Song Yang talk too much.

(end of this chapter)

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