Jiang Kai Is Worth One Hundred Million Dollars &Nbsp; 24 Years Old Founded "Dragon Fund".

Jiang Kai resume

Jiang Kai was born in Shanghai, China in 1976, and his father was a painter.

When he was a child, sketching was very boring. His father wanted him to become a painter. He felt that a craft could make a living in the future. When he was young, he saw some Hongkong movies. Many of them were related to the stock market. He felt that stocks were an opportunity to make a fortune. This is the sprout of his stock market complex.

He went to the United States to settle in high school and went to Swiss bank after graduation.

At the age of 24, he founded his own hedge fund.

I have no background in this business.

In the US, the top 20 hedge fund managers earn an annual income of $800 million.

"Last year, the person with the highest income in our industry, do you know how much money has been made? I mean cash! 2 billion 100 million dollars, this is his annual income. James Simons (James Simmons), Renaissance Technologies Corporation (Renaissance technology company), OK? This is cash, and the stock is listed on the market. The price is 2 billion entirely different! I repeat, this is cash, it has been cashed, and it is two times to return your stock," said Jiang Kai.

"Is there any background in the general family?"

"I really do not have any special background to do this business. No one in my family is investing."

When middle school went to the United States, the boy who complained that "Mathematics in Shanghai was too difficult" opened the door to foreign countries and became a member of the Mathematical Olympiad team. Then he went to University of Illinois to study finance and university. Jiang Kai mainly did three things: learning, stock trading and Entrepreneurship.

"At that time, the Internet was on the rise. YAHOO and Netscape were just beginning. I also hired a few students to start a website together. We made a classify.com, a classified advertising website that specializes in the sale of old cars.

I personally ran the car and told them that you put the photos and information of these cars on my website at a lower price than the newspaper.

Many car companies really wanted to do business at that time.

But why didn't I do it? For one reason, at that time, there was only one car in the family. When I went out to look for a client, I had to drive the family car out, which was not convenient at home.

In addition, there was no more money coming in later, and the money earned was not enough to invest, so I had to sell the website with very little money.

In fact, to do it again is a billion dollar company.

"Just because I do not have a business sense (business sense), if my father is a businessman, she may teach me some experience (experience), such as taking our idea (idea) to the bank loan, we are also conservative (conservative) not enough aggressive (aggressiveness), so it is really not easy to do this job well, of course, finally sold or earned some money."

Although it did not succeed in entrepreneurship, it was quite enlightening to invest in a number of years: "so in 98 or 99 years, our biggest investment is the Internet."

"The most important thing in college is to make stocks. My family is not rich. It's not easy for me to go to university. At that time, I got some stipends and loans for speculation."

Jiang Kai borrowed 3000 dollars of low interest loans from the bank, and finally set foot in the stock market that he dreamed of, but it was not so easy as it was imagined.

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"People earn money, I also want to make money, and I read a lot of books". Like most people, Jiang Kai also read "investment in Graham" and other investment Bible. According to Graham and Buffett's theory, we concentrated on undervalued, low holding and low concern companies. "But the value stocks mentioned in the book are very few. After I bought it, I didn't continue to go up, but I kept going downhill. It's strange that when I lost 5 dollars or 60 thousand dollars,"

Several times, Jiang Kai concluded that the value investment theory is too slow for the appetite of the times. "There is a saying: when you find the key to opening the door of Wall Street, (stop, laugh) they change the lock." after that, he abandoned the "three low" strategy and shifted the focus of low price to earnings ratio to some of the high growth stocks in the hi tech industry.

Combined with their own mathematical advantages, Jiang Kai also created a set of stock selection models, using computer programs to exclude.

Exchange rate, interest rate, economic growth rate and other 40 kinds of interference factors of stock market volatility are used to predict the rise and fall of stocks at different stages.

As a result, he made quite a lot of money.

Now, let's talk about stocks again. Jiang Kai said simply: "in the stock market, only 1% of the people make money, and 99% of them are actually losing money. Do you know who is making 1% of the money? That is, making 99% of the money! The stock is actually very simple."

Buffett is out of date.

High risk is inevitable when hedge funds are going up and down.

Despite the painful experience of losing 5 million hands overnight, Jiang Kai has accumulated rich experience in the investment field through his keen market insight.

"On the stock market, I have said to many people that making money is not a skill. Losing money is a skill.

Everyone knows how to make money in a bull market.

If you lose money, you also need to know how to lose, because losing money is bound to happen, but you lose less than others.

On the day of the "9 / 11" incident, when the first passenger plane hit the twin towers, the stock market in the United States was stable, but the cloudy clouds in the stock market were going to disperse. When the majority of people hesitated, Jiang Kai decided to take the blank line.

Sure enough, the stock market was hit and shut down on that day, and the closed market lasted for 1 weeks.

After the stock market returned to normal, Jiang Kai immediately changed to a long line. "So, how to lose money is the real skill. It is even harder to make money. First, we must know that investment will lose money. Second, we must know how to lose."

Having gone through the experience of entrepreneurship and stock trading during the University, Jiang Kai reconsidered the investment concept of his predecessors.

Buffett's theory of "buy and hold" advocates long holding good stocks and fully enjoying the growth of the company so as to maximize the benefits.

But Jiang Kai believes that with the birth of the Internet, the product cycle has been shortened, and the volatility of listed companies' stock prices is getting bigger and bigger. We should adopt a strategy of "buying and trading", and make quick profits through short to close pactions.

"If you buy and hold only one company's stock, it's hard to choose.

Of course, some blue chips are good, but they have changed to zero at a time.

The number of excellent companies is limited, but the stock index will continue to rise.

If you really want to buy and hold, you can only buy and hold some indexes. There are hundreds of Companies in an index. You can't turn hundreds of companies to zero. "

"Is there any misunderstanding in China's stock market?"

"There must be some misunderstanding. First, he doesn't know what the company is doing, and he doesn't know what the P / E ratio is.

Of course, I know that the stock market will go up, but when the stock market falls, these shareholders will be locked up. This is quite something that should not be done.

Every one of us will go to a doctor when he is sick, but he wants to depend on himself when he makes stocks. When we are sick, will we start our own operation instead of going to the doctor?

You'd better ask someone to manage the money for you. You can buy a lot of good open funds, right? "

Jiang Kai has no Chinese clients. His hedge fund is only a stock of Chinese Listed Companies in the US, and he has been involved in oil, solar energy, green revolution and art investment.

He moved the company to Shanghai for several years. "We need to do some research to investigate the performance of some listed companies in the US.

China is a huge market (huge market). What kind of things are coming out of China? "

Marriage express: Huang Yiyu Jiang Kai

In mid August 2009, Chinese entertainment star Huang Yihe Jiang Kai fell in love with each other at first sight and burst into a 41 day flash marriage.

In September 26, 2009, Huang Yidai, who had just admitted that he was married, attended the Gucci spring and summer fashion show in Milan fashion week in Italy with her husband Jiang Kai.

Huang Yihe's husband Jiang Kai has been married for 09 years. After his marriage, honeymoon traveled to 7 countries and regions, even luxurious.

But after the exposure of Huang Yihe Jiang Kai's wedding photo, Huang Yi himself did not respond. There was an insider analysis. Huang Yi exposed the wedding photos and actually publicized the new play.

Today, Huang Yihe Jiang Kai's marriage has changed again, and the insider said Huang Yihe Jiang Kai had already divorced.

Huang Yi's marriage has been so duer since then. Whether Huang Yi is married or whether Huang Yihe Jiang Kai is still husband wife relationship is puzzled by netizens.