[Today's attention] advocating "what is the Internet bubble"

As we all know, in the past two months, Internet companies have fallen by half, more than, and some have closed their doors. Reflecting the NASDAQ index of the Technology Forum, the gap between the highest level of the year has shrunk by more than three. In contrast, the Dow Jones index of traditional industries has declined by less than one.

Serious readers should immediately question Fang Xingdong: Why "negative reports are reproduced everywhere" will "bring the Internet into an extremely unfavorable development atmosphere "? Is your analysis of the industry only based on "positive reports? Does it rely solely on "reposted positive reports?

Indeed, managers are already concerned about whether their business model is feasible and investors are getting financial returns. The current market trend is contrary to Fang Xingdong's remarks. The theory of "bubble rationality" that "only seeks to block money for market and not seek profit in return" is only prevalent between the first half of October 1999 AD and the second half of April 2000 AD. This theory has been shattered. However, please do not blame people who "repost negative reports everywhere". They are just couriers, and they can't turn bad theories into good theories.

In addition, Mr. Fang believes that "China's bubble is insufficient" on the grounds that China's Internet will have a large market.

I don't know who else will take it for granted that "the market is large, so there is a reason for the bubble. In fact, the two cannot be mutually dependent. The rice market is also very large. Is there a reason to create a "bubble" in the rice market?

The bubble is a comparison of the company's profitability and market value. It has nothing to do with the size of the company and the size of the market. That is to say, a large company, like a steel factory in South Korea, may have bubbles and may go bankrupt. Similarly, although the food market is very large, a restaurant, as long as a little careless, poor management, will continue to go bankrupt.

A bubble is an incorrect valuation. Specifically, the bubble is an investment mistake, that is, the loss of investment, the waste of social wealth, and the decline of Industrial credibility. Even if the Internet is ever more promising, even if China's market is ever bigger, we will not welcome the bubble.

Serious readers should question Fang Xingdong: if China creates more "Bubbles" as you wish, who will benefit and who will suffer losses?

Serious readers should immediately question Fang Xingdong: Why "negative reports are reproduced everywhere" will "bring the Internet into an extremely unfavorable development atmosphere "? Is your analysis of the industry only based on "positive reports? Does it rely solely on "reposted positive reports?

Indeed, managers are already concerned about whether their business model is feasible and investors are getting financial returns. The current market trend is contrary to Fang Xingdong's remarks. The theory of "bubble rationality" that "only seeks to block money for market and not seek profit in return" is only prevalent between the first half of October 1999 AD and the second half of April 2000 AD. This theory has been shattered. However, please do not blame people who "repost negative reports everywhere". They are just couriers, and they can't turn bad theories into good theories.

In addition, Mr. Fang believes that "China's bubble is insufficient" on the grounds that China's Internet will have a large market.

I don't know who else will take it for granted that "the market is large, so there is a reason for the bubble. In fact, the two cannot be mutually dependent. The rice market is also very large. Is there a reason to create a "bubble" in the rice market?

The bubble is a comparison of the company's profitability and market value. It has nothing to do with the size of the company and the size of the market. That is to say, a large company, like a steel factory in South Korea, may have bubbles and may go bankrupt. Similarly, although the food market is very large, a restaurant, as long as a little careless, poor management, will continue to go bankrupt.

A bubble is an incorrect valuation. Specifically, the bubble is an investment mistake, that is, the loss of investment, the waste of social wealth, and the decline of Industrial credibility. Even if the Internet is ever more promising, even if China's market is ever bigger, we will not welcome the bubble.

Serious readers should question Fang Xingdong: if China creates more "Bubbles" as you wish, who will benefit and who will suffer losses?