Chapter 275：

Thinking of this, Chen Yi said: "Brother Li, how exactly is this risk-return ratio calculated? What do I need to consider? I want to understand and improve myself."

Li Shan smiled upon hearing the words and said: "Yeah, the risk-return ratio is a very complicated thing. There are many factors that need to be considered. It must be determined comprehensively according to the specific situation of the company. The company’s industry features are different and the stage is at. There will be some differences between them. These are still too early for you. You have to know that you are too greedy to chew. You should do your current job well, and then you can understand and learn a little bit later.

As for the customer, you can rest assured that the customer will not ask. If you ask, you will say that the specific algorithm and the process of reaching this conclusion are at the core of the company’s research and it is indeed inconvenient to disclose to the outside world. Once they knew it, they wouldn't ask any more questions. "

After saying these words, Li Shan breathed a sigh of relief. He understood that the words that needed to be explained to the customer were finally complete, from beginning to end. Chen Yi’s previous explanation, coupled with his last price-performance ratio, were all complete. It perfectly explained the reason why he bought a lot of shares of this company. How did he see that this company would have such a high price-performance ratio? How is the so-called risk-return ratio calculated?

This explanation is very complicated, and it is not clear in one sentence or two sentences, which requires a certain professional ability as support. And these customers generally don’t ask. It seems that when buying a household appliance, some people may be curious about the working principle of this appliance, but generally speaking, no one will be concerned about a certain circuit board in the appliance. Curious about electronic originals or system parameters.

Chen Yi nodded when he heard the words. Although Li Shan answered his own question, he didn't seem to get any answers, but he still knew how to respond to the customer's possible questions, which seemed to be rewarding.

Chen Yi got some of the answers he wanted. Although some have not yet figured it out or figured it out, Li Shan was right. He was too greedy to chew, although Chen Yi felt that he had already understood what he had learned. And you can learn and use it lively, otherwise you won't be able to analyze the previous content.

But Chen Yi still trusts Li Shan very much. Chen Yi feels that since Li Shan said that he is not suitable to go further, that is, there must be some things that he hasn’t understood clearly and thoroughly, so Chen Yi decided to go back and treat himself well. Some things are now thoroughly understood and thoroughly understood, and then I will continue to consult with Li Shan.

In addition, the fundamental purpose of coming to the meeting room with Li Shan this time has also been achieved, and the client has a way to deal with it, so Chen Yi also intends to end this dialogue, so he said to Li Shan: "Brother Li, I already know that Why did you tell the customer? Thank you, Brother Li, for not forgetting to check my accumulation of research capabilities. I will continue to work hard. Thank you, Brother Li for your guidance."

Li Shan nodded when he heard the words: "Then let's do it today. Go back and sort out what you just said, and then feed it back to the customer. I'm probably also waiting for your news over there."

Chen Yi nodded, thanked Li Shan again, and got up out of the conference room.

After Chen Yi left the meeting room, Li Shan breathed a sigh of relief. The original difficulty was solved, and the solution was perfect, and the explanation was reasonable. The most important thing is that many unexplainable problems can be summed up directly with this so-called cost performance.

And generally speaking, it only expresses optimism about the future, and the reason for the optimism is really established. No one can say a "no". As for the algorithm of the risk-return ratio, I am sorry, the company is confidential, and it is inconvenient to disclose it to the public.

What if the company cannot rise later? Li Shan felt that it didn't matter, because he only said that the future is very promising, and the future will look like this, but he didn't say when this so-called future will be realized.

It may be one to two years, or it may be three to five years, even if it is five to ten years, or ten to twenty years, it is not impossible. Long-term logic, who can tell? Can it be delayed for a day? The most important thing is that the long-term logic he gave is that no one can refute it, and once it is realized, the stock’s increase must be amazing.

As for what to do if it hasn't been realized after more than ten or twenty years? Li Shan feels that it doesn’t matter, because this market will have a bull market every once in a while. There will be a bull market in more than ten or two decades. Once the bull market comes and the stock price rises, customers make money and say they still care about the stock. Has your investment logic been realized?

Said that he would still pay attention to whether the market share of this listed company has increased? No one will pay attention, even if someone pays attention, it won’t say anything more. Take a step back, even if someone says it, for the sake of making money, at most it’s just a few words like a joke, Li Shan arrives Time to make a haha ​​will pass.

And there’s no need for Chen Yi, the marketing manager, to stand up in front. Once there is any problem, Chen Yi can be pushed out. Anyway, it’s not Li Shan who speaks. When Li Shan explained to Chen Yi what to say Whether there are audio or video recordings, depending on Li Shan's reputation in the industry and his trust in the chairman's side, it will be easy to pour dirty water on Chen Yi at that time. Thinking of this Li Shan couldn't help laughing, this solution was simply perfect.

And it’s not easy to say that people in this industry are extremely mobile, and although the product is a fund manager engaged in investment operations, it is essentially attributable to the company. Once the fund manager leaves, the product will remain in the company and be used by other funds. Managed by the manager.

In other words, I don't know if Li Shan is still working in Ruiming Investment after more than ten or two decades, and once he leaves the company, the relationship between this product and him is very delicate.

If this product performed well after he left the company, then he can say that this is the credit of the ideas he gave before. As long as he follows the ideas he formulated before, then there will be good results. The current results It was all he expected.

And if this product does not perform well after he leaves the company, then he can say that the fund manager he took over did not operate according to his previous ideas. The strategy must be continuity, so that good results can be achieved, not Change one after running for a while. If he is still in the company or he is in charge of operating the product, the performance of this product must not be like this, and it will definitely be much better than it is now.

No one can refute these remarks, because the long-term investment logic given by Li Shan has no problems in itself, and once he leaves, the operation of the new fund manager after taking over the product cannot be disclosed in detail. This You can only suffer from the dumb and let Li Shan talk nonsense.

This result, Li Shan felt happy after thinking about it. It was simply a perfect explanation for him without any harm.

Li Shan laughed in the conference room alone. On the other hand, Chen Yi was called by Song Hao and Zhang Yan when he walked out of the conference room door. They asked Chen Yi and Li Shan in detail.

Chen Yi said every word in the meeting room between himself and Li Shan in detail. After Song Hao listened to Chen Yi's words, he asked Chen Yi to go back to work. After Chen Yi left, Song Hao and Zhang Yan looked at each other, and they were silent for a long time.

Both of them are veteran fund managers. They have been in the market for so many years. Although they are indeed inferior to Li Shan in methods and routines, it is not a problem to let them analyze what Li Shan has done.