Zhou Ming certainly has an impression of the Internet bubble, but now Internet companies around the world should be thriving. Unexpectedly, Li Cheng repeatedly emphasized the issue of huge hidden dangers to himself.

This success aroused Zhou Ming's interest, so Zhou Ming signaled him to continue saying that Zhou Ming also wanted to hear what his ideas was like for this richest Chinese man in later generations.

Li Cheng told Zhou Ming: "I'm not afraid of Zhou Ming, you joke. In fact, two years ago, when the Internet miracle just began to prevail, I also invested in it, and I also invested in telecommunications companies in Hong Kong City. At first, I also thought this would be the direction of future development, but as time goes by, although the market value of Internet companies has been rising, the problems I found are getting bigger and bigger!"

Li Cheng said that due to his investment, he has read the financial reports of many Internet companies and has even participated in the operations of some Internet companies.

"This is my investment habit. I can't just invest my money and ignore it. I need to understand the business conditions and development strategies of the company." Li Cheng said.

Zhou Ming expressed his recognition of Li Cheng's approach, because this is the most correct way of investment, not only finance, operation and development strategy, but also comprehensive judgment based on the development trend of the entire industry; if you only hear an expert on TV fart with a beak, or watch a project that is popular, and the vegetable seller next door says that you will invest whatever you make money, it is not called investment, but gambling, or gambling with your eyes closed. Buying big and small depends on the cheers of people around you, and whether you lose or win depends on the mood of your opponent. If you can win, there will be a ghost.

Li Cheng then told Zhou Ming that after he learned about some Internet companies, especially those so-called "Internet miracle", he found that these companies are actually not well-known under their super high market capitalization growth rate, because almost all Internet companies are making large losses, and whether it is company expansion or daily expenses, they rely heavily on venture capital and stock financing.

Of course, if it is just a simple capital-for-market strategy, Li Cheng can still accept it, but the problem is that after reading many internal documents of Internet companies, Li Cheng found that almost all Internet companies have no practical development plans at all, and the founders lack corresponding management capabilities.

"I know that it is a bit of a generalization of the generalization. I don't understand the Internet, but I understand business. If the Internet is compared to a business field, then there will definitely be very few winners in this business field, and most of them will be eliminated. As far as I know, the current Internet field does not even have the ability to support a billion-level enterprise."

Li Cheng continued: "So I think the so-called Internet miracle now is a bubble. The lifespan of these Internet companies that look glamorous is actually burning risk capital. Simply put, it is the moment when the money is squandered, it is the time when the company goes bankrupt."

Wonderful!

Zhou Ming applauded Li Cheng: "Brother Cheng, you said so well! Now many investors around the world are immersed in the dream of the new Internet economy, thinking that it is a shortcut to getting rich overnight, only Brother Cheng, you see the problem."

However, Zhou Ming's applause and praise did not make Li Cheng very happy, but instead was a little depressed, because with his eyes, of course, it was not surprising at all, that is, Zhou Ming had actually known about the Internet bubble for a long time.

Li Cheng asked Zhou Ming in confusion, and Zhou Ming nodded and replied to him: "Yes, I knew it a long time ago."

This answer was expected by Li Cheng, but it made him even less understand: "Since Zhou Ming, you have known it for a long time, why do you still need to invest in it?"

If you just invest five million to play, then Li Cheng understands it, because even he has to invest in the industry he likes regardless of profit or loss. Anyway, with his own net worth, five million is like pocket money, which is not a problem at all. But the problem is that Zhou Ming's investment is not a fun thing, which makes Li Cheng not understand.

Zhou Ming’s answer to this is very simple: “Because the industry, the Internet is the general trend of future development. Otherwise, if there is no such trend, it will not be easy to create a bubble. As for the impact of the bubble breaking on the entire industry, it is just an adjustment and reshuffle of the industry. If you don’t go through the big waves, how can gold stand out?”

Li Cheng still didn't understand. Of course, he believed that Dalang Taosha could produce real money. So they just need to find companies that have sustained and mastered the market and then invested after the Internet bubble. They didn't need to enter so early.

Zhou Ming told him: "Of course, direct investment in a company that can minimize risks, but doing so will also increase the investment capital exponentially, so why not support a company that can finally make it? Now, it is much easier to spend hundreds of millions of dollars on investment at that time."

Li Cheng's eyes lit up, and he was obviously moved by Zhou Ming's words.

However, Zhou Ming said: "Stop, Brother Cheng, you should not have too many ideas first, because the Penguin Company I invest in now is in line with the current situation of most Internet companies you just analyzed. They trade funds for the market, are constantly losing money, making no profits, and even not clear about the company's own development plan, so you should consider it more."

Li Cheng waved his hand generously: "I don't trust Internet companies, but I trust Zhou Ming. As long as Zhou Ming invests in this company, I will trust your vision!"

Li Cheng was quite confident that he said this. After all, he knew Zhou Ming very early, and he had been paying attention to Zhou Ming. He knew that Zhou Ming's vision was very vicious, at least there was no problem so far. This was very scary, so others dare not say it, but Zhou Ming... just keeps up without any brains!

Zhou Ming then talked with Li Cheng about the development of Internet companies in Gangcheng and the deployment of Gangcheng Telecom.

Especially at the end, Zhou Ming also asked about the Internet bubble: "Brother Cheng, since you have anticipated the Internet bubble, when do you think it will explode?"

Li Cheng was stunned for a moment, but he didn't expect Zhou Ming to ask this question suddenly, but he still replied: "If my prediction is good, it should be after the Nasdaq comprehensive index peaked by more than two thousand points."

This answer surprised Zhou Ming, because Nasdaq, as the world's first electronic securities market and also the weather vane of the high-tech industry, has always been paying attention to it, so Zhou Ming knows that the Nasdaq's comprehensive index is only 1,600 points now.

"So Brother Cheng, do you think the Internet bubble can last for a while?" Zhou Ming raised his own question.

Li Cheng shook his head: "On the contrary, I think the collapse of Internet technology stocks is approaching."

If it were others, I would probably think that Li Cheng's words were contradictory, but Zhou Ming understood it immediately. Li Cheng's meaning means that Internet stocks will usher in explosive growth in the next step.

Sure enough

Li Cheng continued: "Doyle Company was established last year and is now the hottest Internet company in the United States. In the data given by the latest evaluation agencies, the return on investment of Doyle Company even exceeded 20%.

"Isn't this nonsense?" Zhou Ming smiled.

Tong Zeying helped answer: "This is really nonsense. If this assessment is true and if Doyle will really maintain this growth rate, then Doyle will exceed the size of the entire American economy for up to twenty years."

"But there are always fools who are willing to believe in such unrealistic high returns." Li Cheng sneered, as if mocking these blind and fanatical ordinary investors.

"So under the leadership of Doyle Company, the entire Nasdaq will be pushed up crazily until it exceeds 2,000 points," said Zhou Ming.

Li Cheng nodded and said that it was that way. Zhou Ming then clapped: "This is simple. Brother Cheng, let's go to the United States to invest in an opportunity and earn some extra money. Anyway, I'm still idle now."

You shouldn’t bring the machine, you and me are civilized!

Listening to Zhou Ming's words, even Li Cheng, who had been investing all his life, was a little surprised. At least 20% of the profit was idle and had nothing to do to make extra money. I am afraid that only Zhou Ming would have the courage to do it again.

But Li Cheng then asked Zhou Ming: "Zhou Ming, do you trust me so much? Are you not worried about my information being wrong? Or did Zhou Ming, you have also investigated the situation in the United States?"

"Of course I trust you, Brother Cheng! I didn't really pay attention to these before when I came to Hong Kong City."

Zhou Ming said, patted Li Cheng on the shoulder and said to him: "Just just like if you don't trust Internet companies, you trust me. Of course, I trust you, Brother Cheng!"

Li Cheng suddenly trembled all over, and he was a little moved when he looked at Zhou Ming. As a business tycoon in Hong Kong City, Li Cheng has seen many intrigues in various shopping malls in his life. He no longer remembers how long it has been since he seen such pure trust.

In fact, Zhou Ming had no choice. Although he was reborn, he could not remember everything so clearly, especially when he spent more and more time in this life, things in the previous life became more and more faded. Regarding the Internet bubble, Zhou Ming only remembered that it was the most serious in two thousand years, and the Nasdaq index fell from 5,000 points to 1,000 points.

Before that stock market crash, there were several fluctuations in the Internet stock market, and Zhou Ming couldn't determine whether it was now.

Since I can't remember it clearly, Zhou Ming can only choose to follow the opinions of business tycoons in this era. After all, if you have the power, you have many helpers, you will lose your helpers. How can you always do it alone?

And the most important thing is that Zhou Ming is not afraid of losing money at all!

"Zhou Ming, don't worry about investing. I will do my best to analyze this time!" Li Cheng said as if he swears.

Zhou Ming and Li Cheng talked about the situation of the US Internet stock market again, and Li Cheng and the others stood up and left, and Zhou Ming kept delivering it to them to the door.

Leaving Lin Muqing's villa, Zheng Jiancheng and Tong Zeying both felt that it seemed like a failure to come here today and did not get any news, but Li Cheng didn't think so.
Chapter completed!