Becoming the King of Bottom Fishing After Going All-In on A-Shares

7:30 a.m., CICC Research Department, China World Trade Center.

Lin Zhengmao stood in front of the whiteboard, facing several researchers who had rushed to the company overnight.

Li Mingyang and Wang Siyuan were both there, their eyes were red, but neither of them felt sleepy.

A few lines of text were written on the whiteboard:

BYD (1211.HK)

Buffett's purchase price: HK$8

Lu Chenzhou's purchase price: HK$8

Time difference: one day in advance

Lin Zhengmao turned around and looked at the people in the conference room.

"Can anyone tell me what this is?"

No one spoke.

Lin Zhengmao answered himself: "This is not a coincidence. It is a student who saw what Buffett also saw when the whole world was pessimistic."

Li Mingyang raised his hand: "Chief Lin, do you mean that Lu Chenzhou's judgment is the same as Buffett's?"

Lin Zhengmao shook his head: "It's not the same, it's earlier than his."

There was a moment of silence in the conference room.

Wang Siyuan hesitated and asked, "But how did he do that?"

Lin Zhengmao walked to the window and looked at BJ outside.

"You all saw what he said at the science park yesterday."

He said electric vehicles are the future, that BYD's electric vehicles are already running in Shenzhen, that oil is a non-renewable resource, and that this is a strategic direction.

He turned around: "These words are not inside information, they are public information."

We either didn't see it, or we saw it but didn't believe it, but he believed it, and he dared to place a bet.

Li Mingyang remained silent for a long time before asking, "Chief Lin, what do you think will happen to him in the future?"

Lin Zhengmao smiled.

"What do you think? Someone who bought BYD before Buffett, what do you think will become of him in the future?"

Lin Zhengmao looked at BYD's K-line chart on the screen, at the bullish line that started from HK$8 and went up.

"BYD at 8 yuan is the diamond bottom of this bear market."

It wasn't because Buffett bought it, but because someone saw its value before Buffett did.

He leaned back in his chair, muttering to himself:

"This person isn't crazy; he truly has foresight."

At 8:00 AM, Goldman Sachs Asia headquarters, Central, Hong Kong.

The trading hall was packed with people; although the Hong Kong stock market was closed, no one went home.

The news about Buffett hit everyone like a hammer blow, sending them all back to their offices.

Wei Zhexuan stood in front of the whiteboard, while Cheng Jiajun sat in the first row, clutching a newly printed press release in his hand.

It was written on the whiteboard:

Buffett: Bought BYD at HK$8

Lu Chenzhou: Bought BYD shares at HK$8.

Time: Lu Chenzhou one day in advance

Wei Zhexuan stared at these lines of text and remained silent for a long time.

Then he said, "Can anyone tell me how this happened?"

Cheng Jiajun raised his hand: "Boss, Lu Chenzhou bought BYD shares at HK$8 yesterday, using a 10x leverage."

His reason for buying was the same quote we saw yesterday.

Electric vehicles are the future, and BYD's electric vehicles are already running in Shenzhen.

Wei Zhexuan nodded: "How much did we short?"

"800 million shares."

There was a moment of silence in the conference room.

Wei Zhexuan smiled, but it was a bitter smile.

"Our counterparty is now Buffett..."

No one dared to speak.

Wei Zhexuan walked back to his seat, sat down, and opened the Bloomberg terminal.

On the screen, BYD's candlestick chart was frozen at HK$8.40, yesterday's closing price.

There was no trading today, but everyone knows how much that number will be when the market opens on Monday.

Cheng Jiajun asked cautiously, "Boss, what do we do on Monday?"

Wei Zhexuan remained silent for a long time.

Then he said, "I'll close my BYD position when the market opens on Monday."

Cheng Jiajun was taken aback: "Boss, are you sure?"

Wei Zhexuan looked up at him and asked, "Buffett bought in at $8, and a student bought in at $8. At what price do you think we should close our positions?"

Cheng Jiajun did not answer.

Wei Zhexuan leaned back in his chair and closed his eyes.

"I've been investing for twenty years and thought I'd seen it all."

But today, a student taught me a lesson.

He opened his eyes, his voice very low:

"He saw the future when everyone else was fearful."

This isn't about technique; it's about vision.

It's not about accounting; it's about foresight.

Wei Zhexuan looked out the window and saw the lights of Kowloon Peninsula twinkling in the morning light across Victoria Harbour.

A sentence drifts in the wind above this city.

"While everyone is focused on their feet, some are looking at the mountains in the distance."

At 9 a.m., Tsinghua University's BBS completely exploded.

News about Buffett has spread from financial channels to every corner of the world.

Lu Chenzhou's name was pasted alongside Buffett's name.

The post about Lu Chenzhou was upvoted to 30,000 comments overnight.

The latest comment is:

"Buffett bought BYD at HK$8. Lu Chenzhou bought BYD at HK$8. Time: Lu Chenzhou bought it one day earlier."

The number of replies to the post is increasing every second:

"Holy crap! Holy crap! Holy crap! This can't be real, can it?"

"I saw the news, it's true, Buffett really did buy BYD, at HK$8."

"So when Lu Chenzhou bought the shares yesterday, he didn't know Buffett was going to buy them? He just saw potential in them on his own?"

"Yes, you all saw what he said at the science park yesterday."

He said electric vehicles are the future, and that BYD's electric vehicles are already running in Shenzhen.

He bought BYD not because of Buffett, but because he understood the situation himself.

"So he wasn't gambling? Or did he really have a sure thing?"

"Yes, he wasn't gambling; he had a good idea of ​​what to do, and he saw it a day earlier than Buffett."

"My God... what kind of divine eye is this?"

"I'm convinced, truly convinced. Yesterday some people called him crazy, others called him a prophet, but today Buffett has proven he is a prophet."

"A prophet? A prophet even before Buffett?"

"Yes, a prophet even before Buffett."

But there are also dissenting voices:

"Wait a minute, does he have inside information? How could he have been ahead of Buffett?"

"Did you see what he said yesterday? He was talking about public information, it's in the financial reports, it's in the news, everyone can see it. It's just that we didn't see it, or even if we did, we didn't believe it, but he believed it."

"It's that simple?"

"It's that simple. Look carefully, then place your bet. You don't need insider information; what you need is foresight and courage."

Furthermore, do you think Lu Chenzhou could get inside information about Buffett?

There was a moment of silence below the post.

Then someone posted a long comment:

"I said he was crazy yesterday, but today I know that I'm the crazy one."

When he bought a BYD for 8 yuan, everyone thought he was crazy, including me.

But Buffett showed us with HK$18 billion that he's not crazy.

He's the one who sees the furthest; I admire him, I'm completely convinced.

This comment was pushed to the top, followed by over a thousand replies, all containing only one word:

"Clothes."

Around 8 a.m., the door to Room 608 in the Renmin University Cultural and Technological Park was locked.

Lu Chenzhou is not here.

But there were a few people standing at the door; they were classmates who had worked together on the project in the science park yesterday.

They didn't have the key and couldn't get in, but they didn't want to leave either.