Financial expert: Please explain why Lehman Brothers went bankrupt.

The root cause of Lehman Brothers' bankruptcy is greed, and the inducement is the abuse of financial derivatives. Greed is like the devil who rules the dark world. It seduces us to worship it like God. It leads us astray by intrigue, sneaks into our passion and emotion, and lays a net of desire, which makes us involuntarily fall into the ocean of desire and eventually sink, degenerate and even destroy.

Greed and fear are twins, which affect people's thinking on both sides of things, making Lehman Brothers lose the reason it had for most of the history of 158. I don't believe that Lehman has no technical rational judgment and analysis.

I just forget that greed is a risk, and fear will infinitely amplify this risk.

When disaster strikes, people always think of praying for peace, don't they? Lehman Brothers also recruited a financial institution in China, which shows how absurd people's decisions are under the control of fear. Fear is enough to offset our efforts and methods to save ourselves with reason.

Fear also disappeared here. You see, from September 16, 2008, the People's Bank of China decided to lower the benchmark interest rate of one-year RMB loans by 0.27 percentage points, and the benchmark interest rates of other term loans were adjusted accordingly according to the principle of short-term multi-adjustment and long-term multi-adjustment; The benchmark deposit interest rate remains unchanged.

Since September 25th, 2008, except for ICBC, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications and Postal Savings Bank, the RMB deposit reserve ratio of other deposit-taking financial institutions has been lowered by 1 percentage point.

Why don't you cut the deposit reserve ratio? Because they dare not do so, these banks must hold more bad bonds related to the subprime mortgage crisis in the United States than disclosed. This is just a gesture to save the market. Taiwan Province stock market was also hit hard on June 5438+05. What will happen to mainland stock market on June 5438+06?

According to Murphy's law: there is no suspense, just how miserable it is.

What I want to say is:

The fear of danger is ten thousand times more terrible than the visible danger itself, and the mental burden brought by anxiety is far greater than the misfortune itself we are worried about. Once resigned to fate, we can't get the liberation we want.

Greed will kill people, and fear is not enough.

Tell another story about Eskimos hunting polar bears.

Polar bears are gentle and bulky in appearance, but they are actually very fierce. It is very dangerous to kill it by force. Eskimos have an idea. First, they prepared a bucket of blood-water mixture and put a sharp steel knife in it. Then, freeze it into ice cubes in the snow, and then put these ice cubes in places where polar bears often haunt. Polar bears have sensitive noses. It can smell blood from far away. When the polar bear licked the blood clot with its thick tongue, it was completely unaware of the existence of the crisis. It kept licking and enjoying the "delicious", and its tongue was slowly numb because of freezing. Even if the sharp steel knife cuts its tongue, it is unconscious, and the blood exudes a stronger bloody smell, which stimulates it to lick the steel knife faster. The blood turned red in the snow, and the fierce polar bear fell in this pool of blood. In this way, the clever Eskimos got their satisfied prey effortlessly.

What is need?

The only thing we can digest is our needs.

What is want?

Man is a greedy animal. He wants more when he gets it, but he wants it.

What is greed?

Can't control this desire, and the idea of going beyond need is greed.

What is luxury?

Exceeding demand is a luxury.

humanity

Man is an animal full of desires, and the purpose of life is to satisfy his greatest desires and needs as much as possible under the control of reason. There is nothing wrong with desire, provided that desire must be strongly restrained by reason, otherwise you (the enterprise) will become a polar bear. This is a warning to any enterprise in China. Before this crisis, which company in China surpassed Lehman in market value?

The root cause of Lehman Brothers' bankruptcy is greed.

Now Lehman Brothers has become a polar bear who died of greed.

Think of Tianjin Shunchi, Delong Department and Sanjiu Group not long ago.

There are too many such examples.

It collapsed overnight, and the reasons for the collapse were strikingly similar:

Greed is the root of all evil, so we must get rid of it and control the desire of enterprises.

Technically, the capital chain is broken! All this stems from the failure of enterprise financial risk prevention and cash flow management.

Lehman Brothers is the world's top financial group, and its financial risk prevention and cash flow management have no technical problems because of greed.

Many enterprises in our country often only pay attention to business risks, ignore financial risks and lack financial management monitoring system.

It is not a long-term solution for enterprises to make profits by constantly looking for market opportunities or product opportunities.

So I put forward an investment-oriented group development strategy.

That is to say, all the cross-industry investments that a group (company) wants must be investment-oriented, with the concept of investment and risk management. Based on the principle of risk prevention and project evaluation, the operation stops speculation and arbitrariness and returns to rational management. It is necessary to use risk management to curb greed.

The lesson of Lehman is that you should not only pay attention to the hard strength of your products and technologies, but also pay attention to the hard strength of your borderless core competitiveness. It is a kind of soft power, which consists of three parts, of which corporate culture is the core: it consists of values, borderless ideas and behaviors, and a matching rapid response operation system.