"Those who should withdraw their funds, withdraw their funds, and give up those who should give up.”
Chen Mo said calmly as he looked at Wang Sicong who was sitting there in a daze.
"What?"
Wang Sicong was stunned. He looked at Chen Mo in surprise.
He did not expect Chen Mo to be so decisive as to ask him to terminate his investments.
"The first thing I want to tell you is that when you invest, you have to learn to stop your losses in time.”
Chen Mo looked at Wang Sicong and said calmly,""No matter how big the investment is, if you are sure that this investment will not bring you profits, then the best choice is to stop the loss in time, instead of waiting for the investment to depreciate to a certain extent and then play some tear-shedding game, understand?”
Wang Sicong remained silent.
He was not a child, so he understood what Chen Mo meant.
To put it bluntly.
When it came to investments, it was impossible to guarantee that there would be no losses at all. This was a principle that he had understood a long time ago.
The first thing Chen Mo told him was that he should abandon the investment if he realized that it was not profitable.
As the saying goes, only by giving up can you gain.
If an investor didn't even understand this principle, he would hesitate and be indecisive when making an investment.
The result was self-evident.
"Among your investment projects, I think only that e-sports team and live streaming platform have some development prospects. The rest don't seem to be very promising.”
Chen Mo said casually.
Wang Sicong felt a little awkward, but he still nodded in agreement.
Although he gave the outside world the feeling that he was a profligate son, in fact, he was not like that.
Wang Jianlin was born in the military. Although he was now a billionaire, he still treated his son's education with the same old-fashioned thinking as before.
Otherwise, Little Wang wouldn't have forgotten how much money his family had when he was in university.
"Teacher, do you mean that there are still merits in investing in the internet?”
Wang Sicong asked Chen Mo carefully.
It was obvious.
Chen Mo was not very satisfied with his messy investments.
It seemed like only the eSports and livestream sections left a good impression on him.
"It's alright."
Chen Mo said calmly," You have to maximize your profits when investing in e-sports. You have to manage your team properly and not just do it on a whim. I suggest you learn from the club management in Korea. It's best if you have a professional team in charge. Also, I've seen the information on that live streaming platform. What nonsense is that? The contract is so high. Do you think you are doing charity?”
“…………”
Wang Sicong was speechless. He did not expect the two things he was so proud of to be worthless in Chen Mo's words.
One had to know.
He had put in a lot of effort in e-sports. His League of Legends and the teams in other games were all working hard to improve their strength.
They even formed a professional league team.
Even the live streaming platform Panda Live Stream was doing well and was known as the top three platform in the industry.
However, Chen Mo had criticized him for being a mess. He was surprised.
"Don't be unconvinced. Just look at the financial accounts and you'll know.”
" I'll ask my accounting firm, PwC, to send someone over to check the accounts tomorrow," Chen Mo said calmly." You'll know how much money you've been scammed."”
"Uh, alright."
Wang Sicong nodded obediently.
He understood what Chen Mo meant.
As an investor, if he didn't even know whether his investment project was losing money or making money, in a sense, it was actually a failure.
"Speaking of which, the live streaming industry still has a future.”
Chen Mo smiled when he saw Wang Sicong's lack of interest.""You chose the right direction. It's just that there were mistakes in the process of running the business.”
"What?"
Wang Sicong was stunned. He looked at Chen Mo carefully and said,""Are you saying that there's still hope for Panda Streaming?”
"It's not that there's hope, but there's room for development. It just depends on whether you can find the right direction.”
" It's like buying futures," Chen Mo said calmly." You can make money by going long or short, but not everyone can make money. Do you understand?"”
Wang Sicong seemed to have understood something when he heard Chen Mo's words.
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]