Here Chen Yi said, "Brother Li, how exactly is the risk to reward ratio calculated? What do you need to consider? I want to understand it and improve myself."

Li Shan smiled at the news: "Yi, the risk-benefit ratio is a very complex thing, there are a lot of elements to consider, to be comprehensive according to the company's specific situation to decide, the company is in different industry characteristics, the different stages will have some differences, these for you to get in touch with a little too early, you must know that greed is more than chewing, you first do a good job at the moment, after that a little bit more understanding, learning.

As for the customers, don't worry, the customers won't ask, if they do, you can say that this specific algorithm and the process of reaching this conclusion belong to the core of the company's research, and it's really not convenient to disclose it to the public, those customers will know, and they won't ask any further questions."

After saying these words, Li Shan breathed a sigh of relief, he understood that the words that needed to be explained to the customers were finally complete, complete from beginning to end, Chen Yi's explanation before, together with his final cost performance, all perfectly explained why he would buy a large number of shares of this company, as to how he could see that this company would be so cost-effective? How is the so-called risk-return ratio calculated?

The explanation is very complicated and cannot be clearly explained in one or two sentences, which requires a certain level of expertise. It is just like when buying a household appliance, some people may be curious about the working principle of the appliance, but generally speaking, no one will be curious about a circuit board, electronic components or system parameters inside the appliance.

Chen Yi nodded at the words, although Li Shan answered his own question, he didn't seem to get any answer, but he still knew how to deal with the customer's possible questions, so it seems to be quite rewarding.

Chen Yi got some of the answers he wanted, although there are still some not clear, but Li Shan said, right, greedy and chewy, although Chen Yi himself feels that he has understood what he has learned, and also can live, or else can not analyze the content of those before.

Chen Yi still trusts Li Shan. Chen Yi feels that since Li Shan said he is not suitable to go further, he must still have some things that he has not understood clearly and thoroughly, so Chen Yi decided to go back and thoroughly understand what he has now, and then consult with Li Shan again.

In addition, the fundamental purpose of coming to the conference room with Li Shan has been achieved, and the client has already had a way to deal with it, so Chen Yi also intends to end this conversation, so he told Li Shan: "Brother Li, I already know how to tell the client, thank you Brother Li did not forget to check my accumulation of research capabilities, I will continue to work hard, thank you Brother Li for your guidance. "

Li Shan nodded and said, "That's enough for today. Go back and organize what you just said, and then give feedback to the customer.

Chen Yi nodded and thanked Li Shan before getting up and leaving the meeting room.

After Chen Yi left the conference room, Li Shan breathed a sigh of relief. The original difficulties were solved, and the solution was perfect, and the explanation was reasonable. Most importantly, many of the unexplainable problems were directly summarized in this so-called cost performance ratio.

And in general, it just expresses the optimism about the future, and the reasons for optimism are really valid, no one can say "no". As for the algorithm of the risk-return ratio, sorry, company secrets, it is not convenient to disclose.

What if this company doesn't go up after that? Li Shan felt that it didn't matter, because he only said that the future was very optimistic, and the future would be like this, but he didn't say when this so-called future would be realized.

It may be one to two years, it may be three to five years, even if it is five to ten years, or ten to twenty years, it is not impossible. The logic of the long cycle, who can say? The most important thing is that the long-cycle logic he gives is irrefutable by anyone, and once it is realized, the stock's growth rate must be amazing.

As for what to do if it is not realized after a decade or two? Li Shan felt it did not matter, because this market every once in a while there will be a bull market, a decade or two in a certain period of time, and once the bull market came, the stock price rose, the customer made money said still care about the stock at that time said the investment logic has not been realized?

Would you say that you are still interested in whether the market share of the listed company has increased or not? No one will pay attention to it, even if someone does, it won't say anything, step back, even if someone says, for the sake of making money, the most is just a joke, just say a few words, Li Shan to make a ha-ha also in the past.

In addition, the company's marketing manager, Chen Yi, is also in front of it, so if there is any problem, he can push Chen Yi out. This is a perfect solution," he said.

And to put it bluntly, the mobility of personnel in this industry is particularly strong, and although the products are invested and operated by fund managers, they are still essentially owned by the company, and once a fund manager leaves, the products will continue to be managed by other fund managers.

In other words, we don't know whether Li Shan will still be working at Ruiming Investment after a decade or two, and once he leaves the company, the relationship between the product and him will be very delicate.

If the product performs well after he leaves the company, then he can say that it is the credit of the idea he gave before, and as long as he follows the idea he formulated before, it will definitely have good results, and the current results are what he predicted at the beginning.

If the product did not perform well after he left the company, then he can say that the fund manager who took over later did not follow his previous ideas to operate, and the strategy should have continuity so as to have good results, rather than running for a while and then changing it.

If he were still in the company, he would still be in charge of the operation of the product, and the performance of the product would not be like this, it would be much better than it is now. These words cannot be refuted by anyone, because the long-cycle investment logic given by Li Shan itself does not have any problems, but once he leaves the company, the new fund manager takes over the operation of the product and cannot disclose the details to the public, which can only suffer dumb loss, allowing Li Shan to talk nonsense.

This result makes Li Shan feel happy even when he thinks about it, and it's just a perfect, harmless explanation for him.

On the other hand, Chen Yi was called over by Song Hao and Zhang Yan when he left the conference room, and they asked Chen Yi in detail about Li Shan's story.

The two asked Chen Yi about Li Shan's story in detail. Chen Yi said everything he and Li Shan had said in the meeting room in detail. Song Hao let Chen Yi go back to work after listening to Chen Yi, and after Chen Yi left, Song Hao and Zhang Yan looked at each other, and they didn't speak for a long time.

The two of them are veteran fund managers, so many years in the market, although it is true that the means and routines are not as good as Li Shan, but let them analyze what Li Shan finished things or no problem.