On the 2021 (Forbes Global Billionaires List), Jack Ma, as a wealthy figure in China, ranked 26th globally with a net worth of 48.4 billion dollars.
It is not an exaggeration to say that Jack Ma has become rich like a lightning bolt, dazzling the eyes of the world.
But there was one person who insisted he was richer than Jack Ma, claiming to be the richest man in China in his twenties while Jack Ma was still working; Jack Ma had been poor, but he had not.
Moreover, he emphasized that his driver is worth 200 million.
What is even more unjust is that he scolded investors angrily and openly mocked the poor: "How could someone as wealthy as I apologize to a poor person?"
This reckless person is a shareholder of Moutai and a private equity fund mogul, Lin Yuan.
Or rather, he should be called 'Fan Yuan', as in Versailles.
In 1963, Lin Yuan was born into a family of doctors in Shaanxi, with both parents being doctors at the People's Hospital of Guanzhong.
Unsurprisingly, Lin Yuan's life trajectory is closely linked to medicine.
During college, Lin Yuan majored in clinical medicine.
After graduation, he began his medical career at the Shenzhen Red Cross.
For Lin Yuan, practicing medicine was merely a replication of his parents' expectations, not something he was particularly passionate about. Thus, like all ordinary people, he dodged and repeated in the mundane life.
Additionally, as a doctor needed to work day and night shifts, Lin Yuan gradually grew tired of this mechanical lifestyle. Therefore, after working for three years, he decisively left the Red Cross.
The former leader of the Red Cross once commented on Lin Yuan: honest and few words.
But this seemingly honest young man dared to flirt with even Jack Ma.
In 1988, Lin Yuan left his profession and took a job at the Shenzhen Museum.
He was mainly responsible for the exhibition work at the museum, which only required him to periodically change exhibits and adjust lighting, making for a very comfortable job.
The relaxed job provided Lin Yuan with a great opportunity to get rich. Lin Yuan's real dealings with stock trading must be credited to his sister.
Lin Yuan's sister works in the finance department of a listed company, often declaring: "The stock market is a magical place where money can generate more money."
The speaker was unwitting, but the listener was attentive. After that, Lin Yuan began to ponder knowledge about the stock market.
He flipped through relevant books, took notes, and highlighted key points. When he gained a certain understanding of the capital market, he discovered that the stock market indeed has a magical power.
Therefore, with 8000 yuan borrowed from his parents, he walked into the trading market with the gait of Liu Laolao.
It was in this magical place that Lin Yuan successfully dug out his first bucket of gold in life.
In 1989, Shenzhen's stock market had four trading points, and Lin Yuan went to these four securities departments every day without fail to check the price boards.
At that time, the trading market environment was still quite rudimentary, and trades were not executed by computer in real-time. Therefore, trading prices would vary due to time delays or regional restrictions.
Sensitive Lin Yuan, after realizing this, began to walk the path of speculation. He first bought at 86 yuan per share in other places and then sold in Shenzhen Development at 88 yuan per share.
In a single day, Lin Yuan could earn a couple of hundred yuan. What does it mean to earn 200 yuan a day? At that time, a monthly salary of 500 yuan was already considered a high salary, and what Lin Yuan earned in a day was equivalent to half a month's salary for others.
Buying low and selling high allowed Lin Yuan to quickly grasp the market. After careful consideration, he decisively took out the 8000 yuan in his pocket to buy Shenzhen Development, which had a par value of 100 yuan per share at that time.
A year later, Shenzhen Development split one share into 32 shares, granting bonus shares to ordinary shareholders according to a certain ratio. This operation significantly increased Lin Yuan's assets.
Then, Lin Yuan pressed the advantage, massively buying employee stocks, including Qiongminyuan, Jinxing, and Shenhuaxin.
Lin Yuan diversified his investments, spreading venture capital risks while increasing profit opportunities.
Bacon said: "Before starting to do something, one should observe the timing like the Thousand-Eyed God, and when proceeding, seize the opportunity like the Thousand-Handed God."
In just over a year, Lin Yuan completed the capital accumulation from 8000 yuan to 10 million.
Lin Yuan tightly grasped this opportunity, enough for an ordinary person to benefit for a lifetime.
With his pockets full, Lin Yuan became arrogant.
He began to boast: "In the stock market, there is no distinction between bull and bear markets for me; I never lose money."
Work was no longer a necessity for Lin Yuan. So, he unhesitatingly resigned from the museum job and threw himself completely into the stock market.
By the end of 1992, stock prices began to fall, and the Shanghai Composite Index plummeted, shrinking from 426 points to 300 points two years later, nearly reaching a historical low.
Soros said: "In the market, you must be prepared to endure pain."
The stock market is like a storm; only with respect can one maintain wealth.
At this time, Lin Yuan also dared not be willful or arrogant.
Therefore, at the worst time in the stock market, Lin Yuan hurriedly withdrew from the stock market and began to turn to real estate.
However, after more than a year in real estate, Lin Yuan did not make money. During this time away from the stock market, Lin Yuan did not completely abandon the stock market; he always tracked the market situation in real-time.
At the end of 1994, the stock market rebounded. Lin Yuan decisively sold real estate and returned to the stock market with his original capital.
This year was an unforgettable year for Lin Yuan.
This year, his marriage with his wife came to an end. His wife sued him for 30 million in divorce compensation.
Lin Yuan also re-entered the public eye due to this high-profile 'Shenzhen's most expensive divorce case'.
Failure in romance, success in gambling.
When Lin Yuan entered the stock market again, he was not dazzled by the new stocks swaying chaotically but chose to favor Shenzhen Development, which he had previously tasted success with.
But this time, he did not bet everything. Instead, he chose to build positions partially and also bought stocks of Sichuan Changhong and Tongrentang based on market consumption preferences to mitigate risks.
By early 1996, the Shenzhen Development stock that Lin Yuan bought at 10 yuan had fallen to 5.9, and investors were panicking, many were frightened away.
Peter Lynch said: "Investing without research is as blind as playing poker without looking at the cards."
Lin Yuan had already done his research on the stock market and thoroughly studied Shenzhen Development before buying.
So this time, not only did Lin Yuan not back down, but he also increased his holdings by buying at low prices.
He believed the overall environment of the stock market had improved, and Shenzhen Development, as a financial stock, had strong government support, so there was no reason for it to decline. Moreover, it had a large profit margin, with each share potentially distributing 20% profit.
Indeed, three months later, Shenzhen Development rose to 12 yuan, and by October, it surged wildly to 40 yuan.
Sichuan Changhong also rose from 22 yuan at the time of purchase to 62 yuan per share.
Lin Yuan, with an excited heart, steadied his trembling hands and quietly cashed out.
This time, Lin Yuan earned over 30 million from Shenzhen Development and over 40 million from Sichuan Changhong.
Ten million capital suddenly became one billion, and Lin Yuan successfully became a billionaire.
But this is not his most outstanding quality. His most outstanding trait is: he always manages to escape before a stock market crash.
At the beginning of 2001, when the Shanghai Composite Index surged to 2100 points, investors were excited. Just when everyone was addicted to this bull market, Lin Yuan quietly withdrew.
Because he felt that the bubble had grown large enough, it was time to harvest the leeks. If this continued, he might be engulfed by a giant vortex.
Then came a four-year bear market.
In 2003, the stock market was still in a bear market, and Lin Yuan made another big move.
He heavily bought Guizhou Moutai, Wuliangye, and Yunnan Baiyao at low prices.
Three years later, Moutai rose from 20 yuan at the time of building positions to over 200 yuan. The few stocks he held heavily brought him a 400% return in a year. His wealth increased from 100 million to 400 million.
Such high-speed compound growth has shocked the investors.
In no time, Lin Yuan became a sensation in the stock market. Investors praised him as if he had traveled back in time from the future, and reporters competed to cover him, with even some writing books to study him.
That year, Lin Yuan's assets surpassed 2 billion, and he high-profile established his own private equity company, wanting to make a bigger market and use others' money to make more money.
So, sitting on the trending searches, Lin Yuan began to create momentum for himself, making a high profile that made people itch.
He said: "There are very few people in all of China who are as capable as I am."
He also said: "I am richer than Jack Ma; my current driver's worth two hundred million, and my nanny's worth eight hundred million."
Moreover, he complained about Moutai: "I hold 2% of Moutai stock, receiving dividends worth several hundred million a year, yet I still have to beg Moutai dealers like a beggar to buy wine."
If it weren't for the force of gravity, Lin Yuan should still be floating in the sky.
"The market will speak for itself; anyone who underestimates the market will ultimately suffer losses."
The stock market is the same; there are no eternal myths, and one cannot always feast on the big cake.
Guizhou Moutai is a top-tier stock in Lin Yuan's hands, so he once declared: "Anyone who sells Moutai is a fool."
However, since Moutai reached its historical high of 2603, it eventually fell from grace, with shares dropping over a thousand yuan.
Lin Yuan was slapped in the face.
What's more, private equity data shows: among the 200 products Lin Yuan invested in, 158 had negative returns, with 103 showing losses exceeding 11%, and 7 showing losses exceeding 20%. These losses left many investors ground down painfully.
After losing money, clients inevitably felt wronged; they initially wanted to seek comfort and explanations from Lin Yuan.
As a result, clients received a barrage of insults from Lin Yuan: "You deserve to lose money. How could someone so rich like me possibly apologize to a poor person? There are hardly a few in the world who can do better than me."
Such arrogant Lin Yuan was collectively spat upon by netizens: "Pah! With a few stinky dollars, your tail is in the sky. If no one invests, you are nothing."
Due to a series of thunderous words, Lin Yuan was criticized, but the stock god remained on his pedestal and refused to come down.
On the path of stock trading, Lin Yuan was serious and favored by fate.
At 26, he entered the stock market, starting as a small investor with only 8000 yuan, and through hard work, he grew into a private equity fund mogul worth billions. He has thus been written into many people's mottos.
His success is attributed to the era's dividends, but it is also inseparable from his own efforts. He has his own attitude and survival rules regarding the stock market.
He said: When buying stocks, if you choose the right direction, you must stick to it; those who change directions frequently will never make money.
A single stock could be held by Lin Yuan for twenty years; this kind of certainty and generosity is not something everyone possesses.
As an investor, we have to admit Lin Yuan's excellence, but as a fund manager, he received poor reviews.
A high-level fund mogul should not only trick people into investing but should stabilize people's hearts amid the ups and downs of the world and convey positive energy.
Having money allows for high-profile behavior, but one must not trample on others, undermine trust, or cross the bottom line.
Just like Wei Ya, who earns money a hundred times easier than others but still exploits legal loopholes to evade taxes, ultimately her era became a thing of the past.
There is also Zhang Zhehan, who makes money from Chinese people yet pays respects at the Yasukuni Shrine, selling goods to the Japanese.
Compared to them, Lin Yuan is still a good person.
But when Lin Yuan took his clients' money and instead scolded the investors, making a clear distinction between himself and the poor, he won money but lost his soul.
If this continues, the stock market myth that Lin Yuan has built piece by piece will no longer continue.
Thus, at any time, we should have respect for this era and people's hearts, sync with the times, and empathize with others. Otherwise, no matter who you were, you will ultimately be crushed by the tide of time and the power of public opinion, never to recover.