Chen Xinfan Yu

Many years later, he still remembers his hair as white as frost. Mother;

The scene of facing a police detective while brandishing a kitchen knife;

Many years later, he still remembered;

Being laid off by the company and his stock price dropped from 50 The night of unemployment when the loss was reduced to a fraction;

He sat at the Star Pier in Hong Kong;

The cold wind was as cold as a knife;

He stared blankly into the distance The boundless sea;

Watching the thousands of lights in the city gradually extinguishing;

The busy pier is empty during the day, and the tide is still lapping the shore;

Alone In the dark;

Thinking blankly, how to support the family in the future?

There is also a newborn baby, a jobless wife, and a white-haired mother at home;

He wanders on the beach in despair until dawn;

Chapter Returning home early the next morning;

I saw my mother and wife who had also stayed up all night, looking at him with tears;

Only the baby, who did not know the hardships of the world, was still in a quiet dream.

Many years later;

He is known as the Hong Kong stock god;

Starting from 5,000 Hong Kong dollars, he became a billionaire;

After two disastrous failures, it still created an investment legend of 40,000 times in 40 years;

Recalling the ups and downs of Cao Renchao’s life;

In this winter when real estate, Bitcoin, and the stock market plummeted, Especially inspiring;

Everyone on the Long March has an alias called loser;

Who has not suffered a bloody blow in the real world;

There is no long night of crying, no loss of job, loss of love or loss of ambition;

What is real life?

Say goodbye to 2018, which was characterized by cold economic winds, layoffs, and salary cuts;

Let us usher in a 2019 in which hope and disappointment will always coexist.

Disappointment every year, hope every year, year after year;

Some people wither in the years, some people achieve in the years;

More people are in Reluctantly, he slowly accepted a mediocre life.

When his father died of illness, Cao Renchao was 13 years old;

The rain when he was 13 years old left a lasting impression on his heart

< /p>

"Life must fail once;

The younger you are, the better it is to suffer disaster;

Because if you lose miserably when you are young, you will learn a lesson;

There is still time to get back everything that has been lost. ”

Cao Renchao later often encouraged young people who were unemployed, moneyless, and bankrupt;

In fact, he started working hard from birth. When it rises, it declines;

Because the whole family has declined.

Cao Renchao’s real name is Cao Zhiming, born in 1948;

His ancestors turned out to be wealthy businessmen in Shanghai;

In 1951, Cao’s mother brought 3-year-old Cao Renchao , went to Hong Kong to join Cao's father;

At this time, the Cao family had already declined;

When he was 9 years old, his father was hemiplegic and passed away after fighting the disease for 4 years;

< p> Leaving behind three children who were waiting for food;

When his father died of illness, Cao Renchao was 13 years old;

The rain when he was 13 years old has been in his heart for a lifetime and has never dried up;

He watched helplessly as his dying father died;

From then on, the thin mother relied on working to support her three children;

Live frugally , to support three children through middle school.

Throughout childhood and adolescence;

On the family dining table;

There is very little meat, not even a piece of fat;

They are all cheap duck blood, bean sprouts and tofu, cooked repeatedly;

When there is no oil, just boil them in water and add some salt.

There is no childhood of childhood sweethearts, nor is there a young man who treats dreams as horses;

In Cao Renchao’s memory of growing up;

< p> Mother is always tired, but also tireless;

Running around working all day long;

Sometimes the boss owed wages, and the family couldn’t open the door;

The neighbor’s aunt threw

He suspected that Cao Renchao had stolen it and searched him;

Since his childhood;

He often encountered "charterers" "He came to collect rent;

He looked at his mother humbly begging for credit;

Understand, this is someone else's roof!

No one has ever been poor;

Never knows the value of money.

"My whole life;

I will always be hungry and greedy for money."

This is a famous saying of Cao Renchao.

Working part-time will never make you rich

You are just making money for your boss, wealth is never your own

Many people look at Victoria Harbor from a distance The lights of high-rise buildings;

Lament the prosperity of Hong Kong!

In fact, there are hundreds of thousands of "cage dwellers" in Hong Kong;

Many Hong Kong people have no house, no money, and are unemployed;

Every night, shrinking

Sleeping in a cage surrounded by barbed wire in a slum;

A cage is a home;

Even cooking on the toilet;

One can live in this kind of cage house for a lifetime;

The monthly rent for a 3 square meter hut is more than 1,000 Hong Kong dollars.

At the high school graduation party in 1967;

The students talked about their lofty dreams and used beautiful words;

Cao Renchao’s dream is just three words :

"Make a lot of money";

There was no disguise or elegance, and the whole class burst into laughter.

Many classmates went to college;

After graduating from middle school;

Cao Renchao, who came from a poor family and had poor grades, shared the worries for his mother;

Entered a textile factory as a maintenance intern;

Later, he moved to a wig factory;

Making wigs all day long, Cao Renchao saw no hope for the future;

p>

So, he thought he had to change careers, otherwise he would have no prospects;

It happened that a classmate’s uncle was a stock broker;

He needed someone who knew English to help;

So Cao Renchao entered the securities industry;

Starting from cleaning tables and sweeping floors, step by step, he earned a monthly salary of 220 Hong Kong dollars.

After work every day, he went to the foreign exchange company next to the securities company;

Helped people type English letters, earning 20 Hong Kong dollars a day;

He also submitted articles to newspapers, Earn royalties;

A year later, he saved 5,000 Hong Kong dollars;

Starting from 5,000 yuan, he entered the stock market. He later admitted:

"Chinese people have always He advocates poverty and happiness;

But greed is the driving force behind economic development. ”

If you don’t enter the stock market;

Cao Renchao. His life was also mediocre and poor;

Cao Renchao realized from his mother’s experience that;

You will never get rich by working;

“The so-called work character "Don't stand out";

Even if you get up early and work overtime every day, you will be as tired as an ox;

You are just making money for the boss, and the wealth will never be yours;

Poor You can only survive by working hard, but it is difficult to get rich;

The salary can only meet the food and clothing at most;

And if you have enough food for youth, your life will be precarious;

When you get old , may be fired at any time.

Cao Renchao warned after becoming famous;

College students are no longer the favored sons of heaven;

The value has depreciated very quickly in the past 50 years;

The depreciation rate is faster than the purchasing power;

The future of graduation will definitely be difficult;

Including buying a house, getting married, having children and maintaining a car;

There is no way, Who told you to be born too late?

Cao Renchao believes that it is increasingly difficult for young people to create wealth;

To become rich, you must learn to invest.

After losing more than 200,000 yuan, only 7,000 yuan was left.

He invited every relative and friend to drink to celebrate "the first bankruptcy in his life"

"Perhaps you will never be able to reach the stars;

But just because you want to reach for the stars, you will naturally work hard;

Looking back at old age, it turns out that you have already reached the stars. We have come so far.”

Cao Renchao entered the stock market with 5,000 Hong Kong dollars;

The risk was unknown in the early stage and he dared to gamble;

Stocks were traded in Hong Kong at that time;

p>

You can "purchase" a large amount of stocks on credit and pay the money after two weeks;

When Cao Renchao was at his highest, he bought stocks with a market value of 1 million on credit;

But in fact, he had a lot of money in his pocket. There are only a few cents left;

If it falls below the limit, he will lose so much that even selling kidneys on the street is not enough to repay;

But he is very lucky;

Exactly During the bull market in Hong Kong, I basically never lost money;

I once made 30,000 yuan a day;

I made nearly 50 times the profit in just two years;

To In 1971, 5,000 yuan had become more than 200,000 yuan;

At that time, the annual salary of Hong Kong people was only three to four thousand yuan.

The initial stage of entering the stock market was too smooth;

It is easy to be young and frivolous;

Attribute everything to yourself;

As the saying goes, the bull market is coming Now, everyone thinks he is a stock god;

In the second half of 1971, he began to raise large amounts of money to speculate in stocks;

As a result, the Middle East oil crisis caused the stock market to plummet.

The Hang Seng Index fell by more than 30% in 3 months;

Cao Renchao, who raised a lot of money, liquidated his position;

Lost more than 200,000 There is only 7,000 yuan left;

Many investors and entrepreneurs collapsed after one failure;

Cao Renchao’s personality is always optimistic and never gives up even in the lowest moments;

He simply used the remaining money to throw a big banquet;

Treat every relative and friend to drink;

Celebrate "the first bankruptcy in his life";

When the hotel waiters and managers saw this spectacle, they thought it was a lunatic;

In fact, Cao Renchao demonstrated the necessary qualities of a successful person;

That is, never compromise and never Optimism after giving up;

Shi Yuzhu who made a comeback, Jack Ma who had many company failures, Liu Qiangdong who was too poor to take the bus...

Successful people in the eyes of people later;

In fact, they have all experienced profound defeats, and have experienced contempt and indifference;

Including Trump, who went bankrupt four times and became a billionaire again;

They all On the ruins of hope, rebuild a dream empire;

Without an indomitable will, it is difficult to make a comeback.

In the dusty memory, Cao Renchao clearly remembers

his mother’s white hair, kindness and courage to die when she wielded the kitchen knife

For the first time, wealth in the stock market returned to zero;

Let the 23-year-old Cao Renchao reflect on the need to look forward and control risks;

From 1972 to 1973;

p>

In 2 years, the value of Cao Ren Supermarket increased to 500,000;

At this time, Cao Renchao met a police detective by chance;

Could this guy accept it? I have less money from the underworld and am trying to launder it;

I heard that Cao Renchao has a brilliant record in stock trading;

The detective decided to hand over the dirty money to him;

He also promised to give him huge kickbacks;

Cao Renchao was temporarily stunned by Qian Jing and lost his mind;

Unexpectedly, the source of this kind of funds that obviously exceeded the police salary was suspicious;

The experienced mother knew that if her son got on a pirate ship, his life would be in danger;

The world of rivers and lakes has been a road of no return since ancient times;

The mother committed suicide by "jumping off the building" " issued an ultimatum;

Cao Renchao had no choice but to negotiate with the other party and wanted to end the cooperation;

The detective asked him to meet at a restaurant and brought several underworld thugs with him;

< p> Under threat, Cao Renchao was frightened into a dilemma.

At this time, Cao Renchao’s mother appeared in the restaurant with a kitchen knife;

A weak old woman, Because of Guzi's love;

Brandishing a kitchen knife;

Threatening the police and gangsters on the opposite side:

"If you don't let him quit, I will chop you to death." . ”

With the determination of a mother who dares to die for her children;

Although the gangsters and policemen on the opposite side;

All of them either carry knives or With guns, they are tall and powerful;

But no one dares to fight;

Or they are afraid of the courage of mother's love on the edge of the cliff;

In short, Inspector He and the thugs all withdrew, and there was no more trouble for Cao Renchao.

Many years later, Cao Renchao became a billionaire;

When he wanted to repay his mother better;

His mother was already gone and hastily withered into the world. ;

Mother, why can’t you live for two more years?

In the dusty memory, Cao Renchao clearly remembers;

His mother’s white hair, kindness and courage to die when she wielded the kitchen knife;

And In childhood;

Faced with the landlord asking for rent, the mother was helpless as she begged in a low voice...

Could it be that all the mothers in the world;

Come here In this world, everyone only shares worries for children, but cannot share joy?

On the scale of family affection;

Very few children’s feedback can equal the selflessness of their parents.

He faced the angry sea and did not go home all night;

How to feed a loving white-haired mother and a young child?

The Hang Seng Index has risen by more than 40% in 3 months;

Cao Renchao became rational and felt that the market was too crazy;

He liquidated his position and exchanged it for cash, and went to Southeast Asia with his wife for their honeymoon;

After he cashed out;

The stock market rose from 1,200 points to 1,700 points;

Cao Renchao remained unmoved;

After that, the Hang Seng Index indeed plummeted;

From a high of 1,774 points in 1973, it fell to 478 points in 1974;

< p> Since it has fallen by 73%;

Cao Renchao believed that it had reached the bottom;

Full position was 500,000, and he bought Hutchison Enterprises (later acquired by Li Ka-shing).

Affected by the global oil crisis and economic downturn;

Hong Kong’s stock market crash and bear market that year;

far exceeded that from 2015 to 2018 A shares (dropped 50%);

By December 1974;

The Hang Seng Index fell to a minimum of 150.11 points;

Compared with its peak At 1774 points, it fell 90% and almost collapsed.

Cao Renchao’s 500,000 only had 100,000 left;

To make matters worse;

Due to the bad economy, everywhere Wave of layoffs;

Cao Renchao was also laid off by the company.

That was a night of failure that will be unforgettable in his life;

He faced the angry sea and did not go home all night;

How to feed a white-haired loving mother and a young child child?

26-year-old Cao Renchao felt lost, painful and confused;

In his heart, it was like this dark night, with no light or hope;

Second At dawn;

He opened the door, and his mother, who had not slept all night, ran over to hug him;

Full of tears;

He picked up the baby who had just woken up. ;

With the joy and sorrow of a father.

If you don’t think about the overall situation, it’s difficult to find a domain

I have been holding real estate stocks for 13 years; it has increased more than 30 times

Two disastrous losses in the stock market;

Cao Renchao transformed into a real master from both a psychological and technical perspective;

Later, he said many times;

What I am most grateful for is the disastrous defeat of the two stock market crashes;

Know how to look forward and predict;

Keep the green hills and don’t worry about running out of firewood;

In the next 30 years;

Whenever a stock market crash comes, Cao Renchao can successfully avoid it in advance.

Since 1973;

Cao Renchao writes the financial column "Investor's Diary" in the Hong Kong Economic Journal;

His popularity is increasing day by day.

Give him a broad vision, knowledge of finance and current affairs;

After years of accumulation, finally in 1984, 10 years later;

Become the rise of his life and the battle for fame.

In 1984, China and Britain negotiated on the Hong Kong issue;

Because the future was uncertain;

Hong Kong people were panic-stricken, and the British were secretly causing trouble;

That year, Hong Kong’s real estate and stock markets both plummeted;

Hundreds of thousands of people immigrated overseas. < /p>

Hong Kong people all say that Cao Renchao is crazy;

With hundreds of thousands of Hong Kong people immigrating, how can the property market be good?

Cao Renchao only has 600,000 Hong Kong dollars, and he has a full position in 2 Hong Kong real estate stocks;

He has held it for 13 years;

It has doubled more than 30 times, extra points Red turned more than 20 million;

In 1997, the last real estate stock was sold, and the price was basically at the highest point;

The next year, the Asian financial crisis;

Hong Kong’s real estate and stock markets plummeted again, and the property market has been in a bear market for ten years;

This battle became the battle for his rise and fame in his life;

From then on, 40 years and 40,000 yuan began. investment legend.

Many people asked curiously afterwards;

How could you judge that the Hong Kong real estate crash in 1984 was an opportunity?

Cao Renchao replied;

Hong Kong people only see hundreds of thousands of Hong Kong people immigrating;

But I judge that Deng Xiaoping will reform and open up, and China will inevitably rise; < /p>

Foreign capital will use Hong Kong as a springboard to enter the mainland.

As China prospers, Hong Kong will also benefit from the overall situation.

Those who do not plan for the overall situation will find it difficult to plan for one area.

Retail investors must concentrate their firepower to have a chance to make big money.

What can change the destiny of a life are second-tier stocks (tomorrow’s blue chip stocks)

Cao Renchao believes;

Follow the trend, It is the guarantee for the success of stock investment;

The most important trends are global macro, economic trends and policy changes;

You must be highly sensitive to economic and policy changes;

< p> He worked 7 days a week, 12 hours a day for 40 years:

“In fact, 99% of people are the same;

The only difference is Character;

The spirit of waiting is not for a day, a month or even a year;

It is for a lifetime;

People will make mistakes, but don’t let the little ones Mistakes turn into big mistakes;

Successful people succeed because they are not afraid of failure! ”

I bought 2 real estate stocks that year;

I have held the shares for 13 years. He only cleared his position when it rose to 30 times. He said:

"Only those with a net worth of over 100 million are eligible to diversify their investments;

Retail investors must concentrate their firepower to have a chance to make big money.

p>

What can change your life’s destiny are second-tier stocks (tomorrow’s blue-chip stocks);

Not today’s blue-chip stocks;

Once you see it correctly, you must endure it, just like Sharks (who bite to death) are as cruel as ever! ”

The trend of the stock market is always a pendulum;

That is, from one extreme to the other; < /p>

Then things will turn upside down;

It is not easy to know what to do, as it is said that it is easy to enter the market but difficult to leave the market;

In difficult days, do not lose confidence in yourself;

In crazy times, you should always keep a cool head.

Cao Renchao encourages young people;

Develop a personal financial plan from the beginning;

In this way, you can enjoy your golden years in middle age and old age.

Voice-over

Reminiscing about Cao Renchao’s tumultuous life

Everyone was called failure during the Long March

Cao Renchao has always remembered the words of Socrates;

Only by breaking free from the shackles of poverty can we have true freedom;

If The economy is tight and the reality is pressing;

Everyone has to bow down for five buckets of rice.

Freedom must be restricted due to poverty;

You also lose the right to choose life.

Cao Renchao is also worried;

Wealth opportunities are gradually monopolized by large companies;

It is becoming increasingly difficult for young people to create wealth;

Salary can only cover food and clothing, so you must learn to invest.

Investing is like playing golf;

Don’t be impatient even in adversity;

Play golf;

Stand at the starting point, You won't see the end point;

But as long as you swing one by one in the direction;

you can always get closer to the goal.

Reminiscing about the ups and downs of Cao Renchao’s life;

It is particularly inspiring in this winter when real estate, Bitcoin, and the stock market are plummeting;

Everyone’s Long March , all have an alias, called loser;

Who has not suffered a bloody blow in the real world?

There is no long night of crying, no loss of job, loss of love or loss of ambition;

What is real life?

Say goodbye to 2018, which was characterized by cold economic winds, layoffs, and salary cuts;

Let us usher in a 2019 in which hope and disappointment will always coexist.

Disappointment every year, hope every year, year after year;

Some people wither in the years, some people achieve in the years;

More people are in Reluctantly, he slowly accepted a mediocre life.

What Yifan will remember;

It is Cao’s mother’s white hair, kindness and courage to die when she wields the kitchen knife;

And childhood time;

Facing the landlord asking for rent, the mother was helpless as she begged in a low voice...

Could it be that all the mothers in the world;

Come to this world , are they just sharing the worries for the children, but unable to share the joy?

On the scale of family affection;

Very few children’s feedback can equal the selflessness of their parents.

Yang Yifan (film and television screenwriter, trader, writer)

The author of the world's first anti-terrorism novel "Escape from 911 in a Lifetime" ", the documentary of the anti-"Taiwan independence" military exercises across the Taiwan Strait, "The Waves Breaking the Shore", etc. The original Taiwan Strait, financial and international news reports have been published by Sina, Sohu, Tencent, Phoenix, CCTV, Xinhuanet and Southern Metropolis Daily "The Beijing News", "Beijing Youth Daily", "Lianhe Zaobao", "Oriental Morning Post", "Nanjing Morning News", "West China Metropolis Daily", "Guangzhou Daily", "Metropolitan Express" and other hundreds of domestic and foreign newspapers and websites, in as long as Widely reproduced within 10 years)