There is a Cost to Doing Things

Weekly Events

Even if 100 billion is spent on common prosperity, money cannot buy peace. Tencent was interviewed by the Central Propaganda Department due to game issues.

Weekly Thoughts

When doing something, there are many factors to consider. The first thing to consider is the cost, including: time, capital, social relations, consequences, etc.

Time is one-dimensional, and once it is gone, it is gone. You can only choose to do one thing in the same time period. If you attend to one thing, you will lose another. This is the opportunity cost. Precisely because of the scarcity of time, people have summarized many famous sayings and aphorisms about cherishing time and invented many time management methods. However, few people can use time efficiently, probably because people feel that they are too far from the end of their lives.

Money is as important as time. Money can buy time. Companies burning money to cultivate customer habits is using money to buy time, hoping to cultivate a user scale that would have grown naturally in a short period of time through large-scale subsidies. This method cannot be done by all types of enterprises or they do not have the strength to do so, but for the development of some enterprises, it is indeed a good method.

Social relations are very subtle. If you don’t do something, it seems that all social relations do not exist. Once you do something, social relations suddenly become complicated. After Quan Hongchan won the championship, her mother once said in front of the media: I have been married for so many years, and I didn’t know there were so many relatives. Recently, they all popped up. What is more subtle about social relations is that you are just doing your own thing behind closed doors, but others will gossip when they know about it. Originally, building schools in Xinjiang and conducting extensive labor education was a move to alleviate poverty and integrate the people, but the Bald Eagle jumped out and said that it infringed on the human rights of the Uyghurs.

Sooner or later, you have to pay back when you come out to mix. You must consider the consequences when doing things. On a small scale, a person may inadvertently hurt others or ruin his own future because of a sentence or an action. Jack Ma’s 15-minute speech on the Bund, although he claimed to be a layman talking nonsense, eventually harmed a group of Ant investors who fantasized about getting rich overnight. On a large scale, irresponsible actions may bring a company or even a country into the abyss. The beacon fire playing with the princes is a living example.

The Doctrine of the Mean is a virtue, and it is the highest! Not being biased is called “Zhong” (middle), and not changing is called “Yong” (common). Do things dutifully, dare not be the first in the world, so can become a leader.

Weekly Market

Period: 2021-08-30———2021-09-05

This week’s review: The three major indices rose generally this week. The top three wind industry gainers were coal, shipping, and basic metals; the top three losers were office supplies, power generation equipment, and comprehensive indices. The top three wind concept gainers were lithium batteries, coal, and mobile phone batteries; the top three losers were metaverse, superhard materials, and photovoltaic roofs.

Market (%)	Index	This Week	1 Week Ago
Shanghai Composite Index	3703.11	3.39	1.69
Shenzhen Component Index	14771.87	4.17	-1.78
ChiNext Index	3232.01	4.19	-1.17
STAR 50	1426.81	1.85	-5.37
Hang Seng Index	26205.91	1.17	1.95
HSCEI	1147.10	2.05	4.12
Hang Seng HK Chinese Companies	4042.77	1.10	4.34
Dow Jones Index	34607.72	2.36	-0.24
Nasdaq	15115.49	-1.41	1.55
S&P 500 Index	4458.58	-1.73	0.58

Market (CNY, Billion)	This Week	Previous Week
Shanghai Stock Connect	44.17	175.42
Shenzhen Stock Connect	96.48	103.85
Hong Kong Stock Connect	82.32	-98.07

Positions

Code	Name	Dynamics of this Period
F001475	E Fund National Defense Industry	Flat
F110005	E Fund Active Growth Hybrid	Flat
F003834	Huaxia Energy Innovation	Flat
F002083	Xinhua Xin Dongli Flexible Allocation Hybrid A	Flat
F519704	BOCOM Advanced Manufacturing Hybrid	Flat
F519918	Huaxia Xinghe Hybrid	Clear
F519196	Wanjia Emerging Blue Chip Flexible Allocation Hybrid	New
F011612	Huaxia STAR Market 50 ETF Feeder A	Flat
LKCO	Luokung Technology	Flat