He is a master of investment in the media industry, and when his wealth evaporates, mountaineering makes him happy again. Xu Chuan talked to Fang Quan, editor-in-chief of Financing China, to explore the wonderful connection between investment and mountaineering, sharing: from the stock market K line to the Everest snow line.
Tens of millions of dollars evaporated to the summit of Mount Everest
Xu Chuan: It is said that you climbed the mountain because of the failure of stock speculation.
Fang Quan: In 2001, I was the editor-in-chief of the most influential securities media, Securities Market Weekly, and because of this work, I had more contact with listed companies and investors. During the interview, I learned that Yinguangsha, a listed company, has a good performance and continues to grow, and is the second largest company in Shenzhen, so I followed the bookmaker to buy the shares of Yinguangsha. My personal market value at that time was considered to be rich among the financial journalists, about 17 million. As a result, my reporter transferred to another magazine and investigated the beauty of Yin Guangsha from another angle, and found that Yin Guangxia was fake. Later, the Yin Guangxia fraud case was exposed, the executives were arrested and sentenced, and the stock price fell for 14 consecutive stops, and my market value of tens of millions disappeared, which is called a cliff-like decline. Not only did the market value evaporate, the YinGuangsha case was a criminal issue, I belonged to a very close relationship with their company, and as a result, I was dismissed by the boss. After about half a year, he thought I was fine and asked me to reinstate my official duties. But when I go home for half a year, I have to pretend to be very strong in front of my family, and I can't let my family know that I have been dismissed and I have to go to work every day. An old friend of mine said that you try to climb the mountain with us, and from there you start climbing the Jinshanling Great Wall in Beijing, this kind of happiness is called pain and then fast.
Xu Chuan: How has mountaineering changed you?
Fang Quan: First of all, let me come out of such a difficult state of life, from 14 drop stop board stocks I bounced back to the 8848 meters of Everest.
Xu Chuan: You compare the value of 17 million to 8848 meters above sea level.
Fang Quan: I'd rather not have this tens of millions of dollars. Stock losses are all ups and downs, and although it is difficult to earn back after losing, the probability of earning back is still there. Although we can climb Everest repeatedly, the difficulties faced by climbing Everest are huge, and the probability of returning to Everest is still small, so I would rather give up the opportunity to make money for my love. I re-accumulated wealth in the process of climbing Everest, and the importance of my accumulation of wealth is relatively secondary compared to the love I loved in the process of climbing Everest.
Xu Chuan: Do investment and mountaineering have anything in common?
Fang Quan: The most important fundamental of climbing the snowy mountain is called good health, good health is like speculating in stocks, and fundamentals are also the basic factors supporting stocks. But only the fundamentals are not enough, the fundamentals may not rise for a long time, but also need the technical side, the technical side of the stock market to see the supply and demand relationship, mountaineering to see the reasons for these technologies, such as clothing, shoes and other technical equipment, climbing skills, etc., these factors are also complementary and indispensable. But more importantly, the psychological side, what kind of heart do you have when you speculate in stocks?
Xu Chuan: I think it is a heart that wants to make money and is afraid of losing.
Fang Quan: Wanting to earn is the heart of your desire and greed and fear. Mountaineering requires you to make a trade-off between glory and dreams and danger and responsibility, which is how do you judge, and what is the basis for judgment? Accumulation gives you the possibility of achieving your stock trading or mountaineering goals, but not the inevitability. Why? Because stock speculation and mountaineering are both markets facing uncertainty, uncertain individuals, how do you work hard? The method of effort is what I just said, I use direct experience, indirect experience and other theoretical knowledge to improve myself, and use the determination of rules to deal with the inconclusivity of the outcome.
Climbing is all about playing
Xu Chuan: Since you chose to climb the mountain, why didn't you climb to the top many times?
Fang Quan: Every time there is a reason, for example, I climbed Qizi Peak at an altitude of 6200 meters twice, the first time was about 2005, when several people who were together were the director of the Shenyin Wanguo Securities Research Institute, due to the lack of relief due to alpine sickness and poor rescue, the director died suddenly, so we gave up the whole team. At that time, the media reported that "the securities tycoon died in Huangquan", as if we, the so-called rich bosses, tossed and climbed the mountain, and as a result, they were killed. Mountaineering is actually very dangerous, how you face danger is your personal attitude in the process of climbing, but mountains are indeed dangerous. Because there is danger, you must master the trade-off between danger and glory.
Xu Chuan: Are you willing to risk your dreams?
Fang Quan: This matter is sometimes difficult to say psychologically, for example, success is often an effort to persevere, which is a way of saying, but it may also be stubborn and paranoid. Why didn't I climb to the top, the first time I gave up Qizifeng was because of my companions, and the second time was precisely because of my companions, a third winner of the domestic amateur triathlon who went with me.
Xu Chuan: This time should not be a problem of physical strength, right?
Fang Quan: People with better physical strength have another problem, they are slow to adapt to alpine sickness, this comrade's alpine sickness is extremely serious, he drinks a lot of water but can't pee. The three of us could have reached the top, but before dawn I came down with him. Another time when I climbed to an altitude of 7300 meters, I suddenly felt particularly nauseous, and I thought about it and went down. Whether it is my weak will or objective reasons, I have always felt that mountaineering is originally a game.
Xu Chuan: This is a thing that should be happy, why risk your life.
Fang Quan: Yes, if you don't risk your life, you are not excited to play.
Xu Chuan: Have you ever been mentally depressed on the road?
Fang Quan: In 2013, I climbed Mount Everest, and a total of 11 people died on the southern slope of Mount Everest this year. When I finally reached the summit of Mount Everest, I came across the bodies of russians who had died a few days ago, and I walked next to me, and the shock was real. This is called bearishness from the perspective of the stock market, and the bearishness keeps coming out, and you can't get on it. When I had this thought, I always felt that since I had reached this level, my body could still withstand it, and I took it step by step, trembling, full of awe, and at the same time, I was confused and climbed on it.
Xu Chuan: If it is so dangerous, why is mountaineering still so attractive, and where is the charm?
Fang Quan: In the 60 years since humans reached the summit of Mount Everest, the mortality rate is 8%. When everyone climbs, the first thing is to secrete dopamine, he is excited, he imagines, because of love, regardless of life and death, this is the attitude of the climber. Regardless of life and death is not to care about life and death, Alpine Collaboration Company uses many ways to help you avoid the risk of death. Last year, the 11 people who climbed Mount Everest died, except for a few physical reasons, the others were because of breaking the rules, and a small foul brought irreparable loss of life.
Xu Chuan: What is the most precious thing in life?
Fang Quan: Live lovingly. As long as you have love, you have an interest in life. Going on like this, you have your own way of playing, your own way of playing that can stimulate dopamine secretion, and going through our limited life may be the most meaningful.
To young people: Do what you can
Xu Chuan: What do you think about the difficulty of employment for college students?
Fang Quan: I was unemployed for nearly a year. I was a university teacher in 1991 when I was suddenly fired. In the year of being dismissed, I practiced stalls, poured cigarettes, pulled advertisements, and wrote some articles about tofu blocks in exchange for some money, which was also very devastating. The most impressive thing was that one of my students set up a shop to sell shirts, and I said to help him, to do it together, even if it was to hire me. The student said: Teacher Fang, I will privately give you a basic salary of 1,000 yuan, and you will take this 1,000 yuan to do something else, and it is really impossible to find me again. I came out without a face, and when I came out, I bought a bottle of beer, two or two sausages, a flatbread, and ate it on the side of the road. Suddenly came out one of my female students, when I was lecturing in the school, or very popular with my classmates, the female classmate saw me, she said is Teacher Fang? I also dressed like a migrant worker, sitting on the side of the road, which was particularly embarrassing at the time.
Xu Chuan: How did you get through it?
Fang Quan: Sell cigarettes with others, buy cigars from a county in Hebei, there is 3 mao 9 a box, in Beijing can sell 4 mao 9, we earn that difference. No matter what kind of labor, people live on different organs. For example, you have sharp teeth, you are the host; Zhang Ziyi is beautiful, and people are actors. We really can't help it, when we are young, we have the strength to help others carry cigarettes and bags. First get the basic survival, in the process of survival, as long as it is earned by yourself, it is dignified, no matter how much, the ability can be large or small, but it is most suitable to rely on yourself. A man, breaking his teeth and swallowing blood, must struggle.
Xu Chuan: What advice do you have for young people who are having difficulty finding a job?
Fang Quan: First do what you can, the university has only completed a basic upbringing, not a prominent professional skill. No matter what kind of job you choose, you can't stop, do it first, and in the process of doing it, you will find out whether you are starting a business and whether you are developing other fields, these are all slow, but you must do something
Xu Chuan, host of the Central People's Radio
His talk show "High-Speed Parlor" broadcasts on FM99.6 China Highway Traffic every Monday to Saturday from 16-17
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