Yang: Don'T Tell Me Buffett.

Dialogue Yang million: A share bubble has not yet squeezed net to build warehouse and so on and so on.

Yang Yang million: A shares to build positions and so on and so on. This is known as "China's first retail", "China's stock market tumbler" of the old stock investors, since the introduction of a new book in January, "to do two of the stock market winner", intentionally or unintentionally, after opening their own phone numbers, in addition to daily routine to see the plate, the speech everywhere, every day will receive hundreds of phone calls, hundreds of text messages, all kinds of problems so that he can not wait: "deep hold up, how to solve?"

"I have 5000 yuan. When can I earn 1 million?

"Save me, I borrow 1 million of the stock, and now I lose 700 thousand.

Last year, in May, he suddenly jumped to the top of the market in two years. He jumped out of a high-profile announcement that he himself was already empty. After a few days, the stock market experienced consolidation after the stamp duty was raised, and then broke 3700 points. In September 28, 2007, he once again predicted that the stock market was on the eve of "5. 30". After October and November, the stock index had been adjusted from the high point of more than 6000 to the lowest point, and the lowest point has fallen below the half line of the more than 4800 point, and the adjustment point has even exceeded the "5 30" point.

1 on 21 and January 28th, two black Monday, two weeks, 10 trading days, a few times more than 1000 stocks fell, the Shanghai Composite Index dropped more than a thousand points, despite the rebound of the last two trading days before the Spring Festival, but how many people will have the bottom of the future?

And Yang million said that this crash is still in his expectation, "in January 8th, I cleared the warehouse."

The secret is: "I believe in", "I do not put all of my money in the stock market," the history of fortune is: "I will earn money from trading in treasury bills."

Like many "celebrities" who have made achievements in the future, Yang million just started his life that he never thought of because of "poverty and change". At that time, he never thought that his story would be widely circulated one day.

Yang Huaiding is the original name of Yang.

Before 1988, he was an ordinary worker in Shanghai ferroalloy factory. He earned second yuan in his job and accumulated twenty thousand or thirty thousand yuan in surplus.

On one occasion, he managed to steal the warehouse. Because he was "generous", he often bought cigarettes. The workmen in the factory were suspected of being robbed, and the public security bureau also asked him to "talk".

This incident deeply stimulated Yang Huaiding with a strong sense of pride. He resigned with all his heart.

It was February 1988.

After his resignation, Yang began to search for rich opportunities from dozens of newspaper subscriptions.

One day in April, the news that "Shanghai will open the Treasury bonds" attracted Yang Huaiding's attention. He bought 10000 yuan and three year treasury bills in the early morning of the first day of April 21st.

"Bank interest rate 5.4%, three year treasury bonds annual interest rate of more than 15%, why not buy?

"By the afternoon, many people realized that when they started buying, the price went up to 112 yuan, and Yang Huaiding threw it away.

Half a day, he earned a salary of --800 yuan in the previous year.

Soon, Yang Huaiding found that the price of treasury bonds in 8 cities across the country was very different. He began to travel across the country and started trading in different places.

He took all his savings to other provinces and cities in the country and bought treasury bonds at a lower price at local banks, then returned to Shanghai and sold them to banks at a higher price to earn the difference.

In order to catch up with time, he was busiest for seven days and seven nights.

In 1989, Yang Huaiding, who earned "the first pot of gold," turned to stock speculation.

Yang Huaiding's first stock is "electric vacuum".

Half a year later, the stock rose sharply, Yang Huaiding lost more than 800 yuan, net profit of about 1500000 yuan, "Yang million" nickname, spread like wildfire.

A year later, "electric vacuum" fell to 375 yuan, and he bought it back.

In the downturn of the stock market, Yang's "magic trick" is all sold out, away from the bear market. "The four year old bear, which began to reduce state-owned shares in 2001, has been away from me until January 2005, although I have to go to the stock market every day for four years.

"From the" Uncle "to the stock market: the" low "and" high "sell," Yang Wei "and" Yang Wei "still have a section of" Uncle "career.

In the early days, he bought a Charley car in 1992, and later he sold the Shanghai license of the car for 200 thousand yuan, bought a 70 thousand yuan car, changed the Zhejiang license, and made a profit of 130 thousand yuan.

In 1993, Yang bought two houses in Zhabei District, Shanghai, at a price of less than 2000 yuan per square metre, and later sold at a price of 7000 yuan per square metre.

In 2002, it bought three rooms and two rooms. The original price was only 4900 yuan per square meter. Now the price has doubled.

Many people are jealous "his luck is too good."

But of course, things can not be explained only by "two words of luck".

Yang Baiwan said he likes to buy famous brand T-shirts in winter, buy a new cashmere sweater in the summer, insist on buying low and sell high, which has become his interest.

He firmly believes that he will not easily go bankrupt, and that he will not have nothing.

In the first generation of shareholders in Shanghai, there were 8 "big brother" characters who were popular with investors. They were called "eight King Kong" and were hot.

"For many years, if I could not fail, the important thing was to believe in" bag for safety ", and to win the money from the stock market rather than to put it all in, it needs to curb its greed.

"This is a summary of Yang million's own travel in the stock market in the past 20 years.

As a matter of fact, Yang million, known as "tumbler", is not without a stumble.

When the stock market plummeted in 1993, it was almost the same as that in May 30, 2007. It bought in the morning, fell down in the afternoon, and could not run.

I lost 80 thousand yuan in the second day, which is the first time in my life that I lost 80 thousand yuan a night.

"In 2005, it was even more tragic. The stock market fell from 1200 to 1000, and Yang million was 400 thousand yuan. This is the biggest loss in his history of stock speculation.

Even this year, he lost his hand. After four thousand shares of China Petroleum (601857 market share) (601857), Yang Baiwan bought another point in the low position, and then China Petroleum continued to fall and constantly break its position.

But when it comes to these failures, Yang million is very calm. "Our old stock investors have a saying that the bull market earns money and the bear market makes stocks."

"For the failure of PetroChina," he said, "my previous four thousand stocks have earned me over 120 thousand yuan. The stocks I buy now are basically made. The cost of PetroChina's shares has been levelled but a few cents.

"Yang Yang" does not think he is so legendary. He is only diligent in summing up experience and lessons, so he has not lost much.

"The higher the expectation is, the more it goes to collapse. The difference between me and the failure is that I am not expecting much. I am buying stocks with a mentality of laid-off workers.

"For the people who are called" the accurate prediction "by the shareholders," 5. 30 "plummeted. Yang Baiwan said that the truth is simple, leaving the last profit to others and leaving the risk to others.

"When people are crowded, something is going to happen, because the greedy people come in, and they are queuing up like houses, so they are not far away from the fall.

"To cope with" obsolete "doubts": the only way to share the experience and share with investors is Yang.

It is said that there are over 100 cadets who teach students only to teach methods, not to win or lose, because "winning or losing is not taught."

Yang also opened a software company. "I incorporated many specific indicators accumulated over the years into software, reflecting some of my thoughts on stock selection, stock selection and speculation, which help both retail investors and society.

The name of this software is called "Yang million securities timely rain software". Now this software has been registered and is being sold.

"Millions of books about the stock market experience have been touted in the market.

But some investors openly questioned that it is doubtful that Yang million will be able to stand up again.

A securities analyst also said that Yang Baiwan is essentially "an old fox of empiricism" and is not destined to become a master of value investing by Buffett.

Yang million has become "obsolete" and is not worth learning and learning from.

Yang Baiwan questioned, "life is short. I just want to share my experience with shareholders and leave something for myself."

Speaking a little bit, this is my career. I speak a little bit. When I get old, I take stocks, bring students and give lectures to others as mental exercises, so as to prevent Alzheimer's disease.

As for the future, Yang million has basically conceived that he only throws a small portion of his money in the stock market. "I am almost 60 years old. I will not accumulate too much wealth for the money I can not spend later.

Yang Huaiding, who was formerly known as "Yang million" and "the first shareholder of China", was the first worker in the Shanghai ferroalloy factory. In 1988, he was engaged in treasury bills trading neglected by the market and earned his first pot of gold and became famous. Then he became the first group of large investors in securities investment in Shanghai. At that time, only one million Yang was still active in the stock market.

Yang million is considered to have "the smart and financial consciousness of Shanghai people in Jiangsu and Zhejiang", thus becoming "a character that can not be mentioned in the history of Chinese securities".

"Do not talk to me," Buffett said. "What is your current position?

What kind of operation has been done recently?

Yang: millions of dollars except for part of PetroChina, I have cleared out all the other stocks in January 8th.

Recently, I have been doing some high dumping and low absorption in PetroChina, and constantly reducing costs.

Reporter: what is the cost of PetroChina at present?

What is the prospect of PetroChina's stock?

Yang: it is currently 32 yuan, but because I threw a lump sum of oil at 48 yuan, so China's oil holdings are basically free from the stock market.

I intend to hold this stock for a long time. In the long run, PetroChina has no problem with 100 yuan or even 200 yuan.

I have my own stock selection principle, PetroChina 30 yuan is not expensive, but Quanjude (002186 quotes, stock bar) (002186) even if it is 30 yuan, I will not buy it.

"When you build a warehouse, you should wait for a while," said the reporter: when do you plan to build the warehouse again?

Yang: I can't say this. Wait and see.

Reporter: can we talk about the trend of A shares in the current and future period?

Yang: I think in the short term, there will be no big drop in the index.

But in the medium to long term, the bubble of A shares has not been squeezed clean. Judging from Dow Jones theory, the fact that the low point is falling down is already a fact. The current market can be said to have been a bear market and is in the first stage of bear market.

However, retail investors do not have to panic too much because there is no big rebound.

In 2008, it will be a broad oscillation pattern, with high throwing and low absorption, and there will still be opportunities in the short term.

Reporter: that is to say, you do not recognize the A share "golden ten years" argument?

Yang: I feel that there is no basis for saying "gold ten years" and "Olympic Games will not fall before the Olympics". "A shares bull market foundation has not wavered".

Reporter: now, many investors regard you as a "stock god".

What's your opinion?

Yang: I never agree with this title. I am a "stock god". That is killing me and killing me.