After Baidu sold Tieba time and Wei Zexi, Baidu's control over the medical industry has become more and more serious.

But after all the hard work, I now know that every acquisition has to be taken very seriously, like a person walking through a minefield, or you will fail.The crude oil purification process is simple and easy to operate. At the beginning, the profit was very high. Naturally, people from all walks of life flocked to it, such as butchers, bakers, and candlestick manufacturers.

4. To innovate, but don't stick to the form. Competition makes companies think about who thinks best or who is the most creative.Many people predicted that my company would fail and end in bankruptcy.Soon, we discovered that with the development of our business, the original method of transporting oil barrels could no longer meet the current demand. The cost of packaging was often higher than the price of oil. We turned to other transportation methods and adopted oil pipelines. road system.

In 1893 and 1894 we carefully managed the affairs of these run-down enterprises, and many of them continued to operate.If we enter the airship, furniture, and automobile industries, we will undoubtedly be careless and careless.

When making a decision, ask yourself, does this have business value? Am I doing this for emotional satisfaction? Any evaluation should be based on calm, non-emotional logical analysis, carefully and realistically. Research what that company is like and whether it matches the company's current operations.

3. To expand business to the world, business operators must get rid of the traditional passive business concept and take the initiative to seize development opportunities in the market.Today, the market is talking about valuation again, saying "Nifty 50". If you don't have Maotai or liquor appliances in your hands at every party, you will feel inferior.

In the bear market from 1973 to 1979, most of the "Nifty 50" companies significantly underperformed the market.What’s even more interesting is that China has actually hyped up the “Nifty 50” entities several times in history, and the constituent stocks have often changed.

These companies are more often labeled with some kind of label, and the valuation premium of this label type will eventually hurt investors after the tide recedes.From the behavioral finance of trading, this in itself is an incentive to want to capture beta.