My Age of Investment

   Chapter 1159 A fund manager who doesn't want to be a farmer is not a good mathematician

   "Jing Xing, you can't do it! Are you thinking of starting a rocket company?"

   Seeing Xia Jingxing meditating silently, as if he had some thoughts on the rocket, Liu Hai was anxious and couldn't help reminding him.

  Xia Jingxing regained his senses and said with a smile, "To be honest, I am quite interested in the Rocket Launch Company.

   A few years ago, Bezos persuaded me to build a rocket together. The earth is too small to keep an entrepreneur of his level.

  The competition of top technology companies in the future may break out in the sky.

  Fuxing Industrial Group has an aerospace business group, why not call it an aerospace business group?

   In fact, in my plan, DJI drones are only a business segment of the aerospace business group. I hope to set up a company in the future with a name that I have thought of, called Fuxing Aerospace. "

  Liu Hai was dumbfounded. He had the idea of ​​building a rocket a few years ago?

   No matter how rich you are, you can’t keep putting on such expensive fireworks, right?

Jiang Ping smiled and said: "I don't understand rockets, so I can't give any advice, but I guess that this kind of thing is actually similar to a weapon of mass destruction. What if it loses control after taking off and falls in a city where people gather ?

  The country must control and intervene, not just money can realize the dream of spaceflight. "

  Xia Jingxing nodded lightly, "Yes, policy is the real problem.

   The horoscope has not been written yet, it is too early to talk about it. "

   "But..."

  Xia Jingxing pointed to the TV screen, "The country is rich now, and in the future, it will build a space station, launch more satellites, and explore other planets.

  It is difficult to meet the growing demand for transportation capacity in the aerospace market just by relying on national power.

   And private capital has an advantage that state power does not have.

  Aerospace engineering belongs to the state that concentrates its efforts on major events, regardless of the upper limit of investment and regardless of cost.

   And private capital is profit-seeking, which will force private rocket companies to reduce launch costs and rocket operating costs, otherwise they will not be profitable and will not become a market-oriented industry.

   Once the aerospace field is commercialized and marketed, a corresponding supply chain will be cultivated, and the country's aerospace engineering can also benefit from it. "

   Jiang Ping nodded again and again, as if it made sense.

   Liu Hai interrupted: "How to reduce the cost? The technical requirements here can be regarded as the crystallization of human technology."

  Xia Jingxing thought for a while and replied, "Retrievable rockets, as far as I know, SpaceX has been working on this technology that NASA has not mastered."

   "Then why did Fuxing Aerospace develop this technology?" Liu Hai asked.

  Xia Jingxing smiled, "This will take time, it may fail, and it will never be developed.

   But if you don't do it, you'll never have a chance to master it.

   American technology companies have great ambitions. Since their birth, their goals have been aimed at the global market, and even now their eyes have gone beyond the earth and aimed at space.

   A few years later, Chinese technology companies are rich, and when they try to catch up, I am afraid that the technology has already lagged behind others for decades.

  Semiconductor, industrial software, industrial mother machine, which backward industries are not like this.

  If you don’t have confidence in the beginning, just don’t do it.

   In addition, domestic entrepreneurs lack a sense of adventure. Many people are a bit like Li Huangtai, who are mercenary and short-sighted.

   Do you think they'll go into industries that don't seem to pay off in ten, twenty, or even longer?

  If the country is willing to deregulate private spaceflight, I am willing to go to the water.

   Even if it fails in the end, it doesn’t matter, just pave the way for the latecomers. "

   Hearing this, Liu Hai knew that Xia Jingxing had made up his mind, so he did not stop him.

   But he still couldn't help saying: "Then... it's better to wait and see if the Falcon 1 can be successfully launched in three days."

   "I really hope that the Falcon 1 can be successfully launched now, so that I can take it back and tell the story to the leaders."

  Xia Jingxing smiled, "Crossing the river by touching Yingjiang, Yingjiang's private rockets have all gone to the sky, our country can't be left behind, right?"

  Liu Hai smiled and said nothing, but he still didn't quite believe that Falcon 1 would be successfully launched.

  …………

  …………

  Three days later, Musk's SpaceX, despite everyone's doubts and ridicule, carried out the fourth rocket launch at the US military base in Kwajalein Atoll in the western Pacific Ocean, which was a great success!

  SpaceX became the first private company in the world to successfully launch a launch vehicle.

   When this news came out, many people thought it was fake news.

   But Xia Jingxing knew very well that, just like the Falcon rocket successfully took to the sky, Musk's soaring momentum was unstoppable.

   The huge glory is equivalent to coating Musk with a glittering golden light, which is an intangible asset that other technology entrepreneurs do not have.

   With a little guidance, Musk will be able to cash in on other industries, even if he sells some shit-like virtual currency, and some people kneel down like a pilgrimage to take the offer.

   This is the highest level of cutting leeks, and the leeks are convinced, and Musk will be asked to cut them next time.

  Meanwhile, the market took a major hit when the Senate rejected a $700 billion bailout bill.

   The Dow set a record for the largest single-day point drop in history, down 6.98%, while the S&P 500 and the Nasdaq also fell 8.81% and 9.14%, respectively.

   What is this concept, it is two to three times higher than the decline on the day of the collapse of Lehman Brothers.

  The White House acts like a joke every day, passing the bailout bill at one time and rejecting it at the same time, which has caused the US stock market to be like a roller coaster these days, with ups and downs.

   Since the short-selling action at this stage has been settled, the remaining individual stock options and index futures, options and other financial derivatives investments will not expire until next year, so Xia Jingxing did not continue to sit in New York.

  He flew to California.

   Along with him were Jiang Ping and Abel.

  The three met Mark Spitznagel, the founder of Global Investments, in the small town of Santa Monica.

  Spitznagel looks in his thirties, wearing a pair of black framed glasses, with slightly bald forehead hair, looking polite, a bit like a scholar or professor.

   His company, Global Investment Fund, is not located in a bustling CBD office building, but in a suburban villa.

   When Spitznagel opened the door and saw the three people visiting his villa, his expression became very surprised.

   "Abel, Darren, Peter, I should have gone to New York to visit you, but I'm too busy with work to leave, I'm sorry to you!"

  Spitznagel shook hands with all three of them as he pleaded guilty.

  Xia Jingxing turned his head to look at the surrounding environment and asked with a smile, "Do you like a quiet working environment?"

  Spitznagel spread his hands, "That's right, if it weren't for the fact that the fund was just established and many things hadn't been sorted out, I would have wanted to go back to my hometown to live on the farm."

   Seeing Spitznagel's lazy look, Abel frowned. He didn't like the other party the most, how could he look like a financial elite.

   But Xia Jingxing didn't mind, because this was the real Spitznagel - a fund manager who didn't want to be a farmer was not a good mathematician.

  The three followed behind Spitznagel and entered the house together.

  The first floor of the villa was tidied up very empty. There were dense computer screens and Bloomberg terminals on the desks, and a dozen employees were working hard.

   finally looks a bit like a fund company.

  Spitznagel said: "Our company has only been established for two years, and it is not large and has not many employees. There are only twelve people, and everyone has a doctorate in mathematics!

   But we don’t teach math, we are a serious hedge fund company. "

  Xia Jingxing smiled lightly, and then pointed to the company Logo, the head of an 18th century mathematician.

   "I've seen it already, you are treating mathematics as an investment belief, right? You are so superstitious in mathematics, are you not afraid of a big slaughter one day?"

  Spitznagel shrugged, "Data don't lie!"

   (end of this chapter)