Category Archives: Finances

The Wall Street meets the main street

北京大叔花了1500万跟巴菲特吃一顿饭 后来亏了78亿

中国网 2019-01-31 … Gosh 吃顿饭就变门徒啦? 幼稚啊  I knew … 2018年,对于刚刚进入不惑之年的北京大叔朱晔来说注定毕生难忘。 似乎是要为进入“不惑”之前的冲动买单,当他本人到了遇事能明辨不疑的年纪时,公司却一蹶不振。 2019年1月30日晚间,朱晔一手创立的天神娱乐发布业绩修正公告,巨亏78亿元,让这家公司成了A股截至目前“最能亏钱”的公司。 “巴菲特的门徒”声名大噪 朱晔这个名字对于很多人来说很是陌生,但是《余罪》、《将夜》等电视剧以及《超级舰队》、《坦克风云》等游戏对很多人来说就熟悉多了。 朱晔于2010年创办的天神互动(后更名为“天神娱乐”)正是这些影视剧和游戏的出品方。 而业界对于朱晔这个名字更为熟悉是他的另一个身份——“巴菲特的门徒”。 在北京胡同里长大的朱晔一直顺风顺水。到目前为止,他人生中最光耀的时刻在是38岁那年。 2015年6月,朱晔因为斥资1500万元拍得了巴菲特的慈善午餐,而在国内声名大噪。不仅被各路媒体追逐,还上了各种创业真人秀,成了别人的导师。 对于这次午餐,朱晔不论在谁面前都说是为了见偶像一面,为此花多少钱都值。朱晔甚至表示,如果乔布斯还活着,他也愿意不计代价的与其见面。语气里像极了现在的年轻人谈到自己“爱豆”时的无限关爱。 甚至连巴菲特吃牛排就着可乐,而不是他带去的高档红酒,都成了他口中的老人“朴素”的优点。 朱晔的这两位偶像,可谓是细致描绘了朱晔的从商经历。1999年就从北京工大计算机专业毕业的他没有与乔布斯同样走上程序员的路,而是去了中国互联网信息中心,一家事业单位。 这个单位的风格明显与他格格不入。这位喜欢留长发的北京大叔,应该也曾经喜欢过崔健、黑豹,即使穿上西服也难掩标榜自由的心。于是只在这里呆了两年就下海创业。 到2009年,他终于把专业发展成了事业,进军国内游戏领域。而从这一刻开始,朱晔的经历就更像他的另一位偶像——巴菲特。 他在公司成立的3年后,就靠着资本运作,让后来的天神娱乐借壳上市,之后的并购之路就没有停歇。 与巴菲特午餐后,朱晔在自己的朋友圈里大发感慨:“大道至简,贵在坚持。” 朱晔确实也坚持了,坚持不断的买买买。 “投资猎手”的外延式并购法 资本的运作确实不是朱晔向巴菲特讨教的核心。在与巴菲特共进午餐整整一年之前,朱晔就靠着自己的力量将天神娱乐借壳科冕木业上市,估值达24.5亿,是2012年光线投资时10亿估值的近2.5倍。 在与巴菲特午餐后,他更是深谙买买买的好处。只不过像他的外号“投资猎手”一样,他更享受短线冲杀的快感。 朱晔最得意的一次短线阻击出现在与巴菲特午餐后的第四个月。朱晔花了13.23亿元买了儒意影业的部分股权,过了九个月后卖出。天神娱乐净赚2.94亿。 当然,如果此时朱晔记住了巴菲特“贵在坚持”的品质,一直短线搏杀,也就不会有两年后的惊天大雷。 但是,朱晔显然不愿意就困守游戏领域,而是有更大的野心。他在公司上市后就迫不及待展开一系列资本运作,用外延式并购的手法不断拓展业务链。 在不到5年的时间里,朱晔完成了12起并购,涉及网游、手游、影视等产业。网罗了雷尚科技、妙趣横生、幻想悦游、乐玩、一花科技等一批游戏细分市场龙头,合润传媒、AVAZU、为爱普等在互联网广告及品牌营销行业行业翘楚也加盟天神战队。 在这期间,朱晔发挥了其独到的眼光,将《琅琊榜》、《遮天》《将夜》《武动乾坤》等大IP的游戏改编权拿到手,更是独具慧眼的发掘了《余罪》这一IP。 随后被拍成网络剧的《余罪》点击量达到了惊人的40亿次,约合每个中国人都看过3次。 但是这些并购都为天神娱乐之后的暴雷买下了伏笔。 天神娱乐的大溃败 在不停买买买的过程中,朱晔逐渐构筑了一个影视、游戏、应用分发、互联网广告等板块间相互协作的泛娱乐版图。 当时作为天神娱乐董事长的朱晔担任或投资多家公司,和天神娱乐有利益关系的公司更是数不胜数。 如果把这些与其相关的企业画在一张图上,远远看上去,就像是从一个圆点引爆的百条烟花。 烟花易冷,只有一瞬间的美丽,美丽过后,就是无尽的黑暗。朱晔就是那个圆点,天神娱乐则要面对即将到来的无尽黑暗。 已经42岁的朱晔,似乎把自己的好运气用到了头。2018年5月,朱晔因涉嫌违反证券法律法规,被证监会立案调查。 … Continue reading

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$1:¥7.48

Is this for real? Really??? Trader’s mistake? Confused with Singapore $? One US dollar is worth more than 7 yuan – RMB. Oh my.  Howeverm Yahoo has at ¥6.878 and Bloomberg at 6.8815.     正在睡梦中,忽然觉得有点儿什么事儿,一屁股坐起来发现人民币一夜之间暴跌,心中如有晴天霹雳,有件事儿让我久久不能平静,我一直在想,人民币一夜狂贬值,我的资产会不会缩水呢,想到这里我一个咕噜从床上翻起来,抓起放在桌上的一美金纸币,迅速的跑去银行排队,一夜暴富的机会终于来到了,我终于可以吃上一粒梦寐以求的茶叶蛋了…… 是不是交易员大乌龙 和新加坡元搞混了?

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The child labor

This 2014 Time article is about 73% parents are supporting their adult children. With the help of a chart, it shows adult children live at home much longer nowadays … and goes on to write: … Little more than a century … Continue reading

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‘Gangster grannies’ and China’s shadow banking world “中国大妈”和影子银行世界

BBC, 18 August 2016 Karishma Vaswani, Asia business correspondent Think of the words shadow banking, and you’ll probably conjure up an image of a slick-suited, smooth-talking mafia-esque character who will most likely be found in seedy bars or night clubs. … Continue reading

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Out for Blood

Fortune’s cover story by Roger Parloff on Elizabeth Holmes and her company, Theranos (its worth more than $9 billion at the moment), did not used the word, pretty and or beautiful, which is so refreshing. Holmes is clearly more than … Continue reading

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Everbright

Everbright made a mistake on August 16. It’s being investigated and concluded in less than a month: four high level executives were fired/resigned. They’re fined and banned for life from the security business. Wondering if Eliot Spritzer lives in the … Continue reading

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Where is my Andrew Jackson?

My trial run: The money trafficking from the capital of China to the capital of USA is really easy and fast: $3,051 was sent 2013-08-22-22.01.47.000000 (Beijing time. Six zeros!! Seriously, I copied it from the confirmation sheet .. Michael Phelp’s race … Continue reading

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CNN: a bullish outlook

The U.S. economy is on stronger footing than a year ago, but Ben Bernanke wants to be careful not to squelch the recovery now. “A premature tightening of monetary policy could lead interest rates to rise temporarily, but would also … Continue reading

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Heng Nikita Guo

It came as a shock – suicide never is easy but when it happened on a girl who always had a sweet smile, it just that so much harder to handle, to process, to believe. Heng “Nikita” Guo, an MBA … Continue reading

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The $1.6 Billion Woman, Staying on Message

To some, Ms. Sandberg seems to suggest that women should just work harder while failing to acknowledge that most people haven’t had all the advantages that she’s had. “I’m a huge fan of her accomplishments and think she’s a huge … Continue reading

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市场与调控 – 李鹏经济日记

Li Peng‘s diary of economy (?) 1983—1986年 调查研究熟悉工作, 重点工程取得成果 1987—1990年 治理整顿深化改革, 稳定政策经济好转 1995—1998年 对外全面开放格局形成, 抵御金融危机战胜洪水 1999—2003年 人大依法监督经济工作, 确定建设小康社会目标 1991—1994年 基本完成治理整顿, 控制基建抑制通胀 策划:《李鹏经济日记》真实记录经济发展 《李鹏经济日记》珍贵照片集萃

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Investing in China

There are many options now, aside from stocks. Mutual funds, hedge funds, PE, ETF (exchange-traded fund), ADR (American Depositary Receipt), etc. For stocks, there are A share, B share, H share .. A 股 shares are based on Renmembi, can … Continue reading

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China’s First Approved Hedge Fund Manager Sees Opportunities

Liu Zhen 刘震 of E fund 易方达基金管理公司 was a graduate from Renda Fu 人大附中 in 1984. A friend who knows him, who also from Renda commented that this article, Liu’s speaking from the marketing point of view. There are many … Continue reading

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At a cafeteria on Wall Street

At a cafeteria of a major bank on Wall Street, the major secondary languages being spoken by the employees are Mandarin, Indian accented English and Russian. The people behind the food counters are generally Hispanics. I’m musing: the Americans aren’t … Continue reading

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Ticket Master

How can USA stay competitive when they have a company like TM? Can Ticketmaster’s Builder Now Unseat It? FREDRIC D. ROSEN has winked through Steely Dan, blinked through Neil Diamond and nodded through the Rolling Stones. The man who pioneered … Continue reading

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BS ..

Your knowledge and skills are secondary to your ability to BS and joke your way through the day: The Importance Of Banter On The Trading Floor When I first entered the City and people asked me what the principal skills … Continue reading

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Wen Jiabao 溫家寶

You go skipper Wen .. 脫稿演講 強硬表態, 溫家寶: 人民幣升值過快將會給世界帶來災難 .. .

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Our school budget ..

Why do I need to vote? Doesn’t the school budget always pass? Less than 20% of our schools’ parents participate in the budget vote. While this year’s budget increase is very modest, at 1.99%, YOUR VOTE REMAINS CRITICAL to its … Continue reading

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