The so-called winner's curse theory was first proposed by Capone, Clapp and Campbell to explain the low return on investment of bidding companies in order to obtain oil and gas projects. They noticed that in any form of auction, because the value of the auction item is uncertain, the type of person who wins the project often overestimates the value of the project.
However, the winning bidder who cannot clearly understand the value of the project is likely to be punished for overpaying the actual value of the bidding project. Unless these unfavorable factors are fully considered in the bidding process, it will result in the winners receiving only below-average returns, or even negative returns.
In other words, the person who wins the project is not necessarily making money, and is likely to lose money. By extension, some who won projects in business activities but ended up losing money are said to have suffered the curse of winners.
Fu Hua glanced at Hu Yufei and said, "Uncle Hu, what do you mean by that? If you are simply considering the benefits of the project, then don't worry about it. I have carefully studied these two projects. Analysis, I think there is a lot of room for profit. But if you say this from other aspects, then you still have something to say straight."
Hu Yufei looked at Fu Hua and said, "Fu Hua, since this is the case, I have something straightforward. It is not convenient for Zhixin to intervene in these two projects, so you should abandon these two projects."
"Why?" Fu Hua said a little surprised: "I think it is the right time to get back these two projects at this time. Now that Ju Xinxiong has fallen, Secretary Yang can take advantage of the situation to uproot the people of Ju Xinxiong's line. Isn’t it easy to clean up a guy like Li Guangwu and get these two projects back? It’s a good idea to do two things with one stone?"
Hu Yufei shook his head and said, "It's not that simple. It's still uprooted. Do you think Ju's family is so easy to deal with? Although Ju Xinxiong is in trouble, the nine-legged bug is dead and not stiff. In some aspects, Heju Xinxiong had to hesitate."
Fu Hua looked at Hu Yufei and said, "Uncle Hu, you mean that the senior management still has some scruples about the Ju family, so they reached some kind of compromise with the Ju family?"
Hu Yufei nodded and said, "Yes. After receiving the share left by Li Shishen, the senior management fully considered how to deal with Ju Xinxiong. It turned out that it is really tricky to deal with Ju Xinxiong. You must know that the Ju family has a solid foundation in the political arena. In addition, Ju Xinxiong has also made a group of officials in key positions in various provinces and cities over the years. For example, the deputy mayor of Beijing like Li Guangwu, the senior officials are very worried about rashness. If you move Ju Xinxiong, it will cause a certain degree of turbulence if you move your whole body."
Fu Hua understands the idea of operating Ju Xinxiong's dual rules. Now Ju Xinxiong can't move. If you don't move Ju Xinxiong, Ju Xinxiong will become fuller and fuller, and one day. It will become a confidant of high-level confidants.
In order to motivate Ju Xing and maintain political stability, it is necessary to consider the political wisdom of the top. It is estimated that after comprehensively weighing the pros and cons, high-level officials can only choose the method that will cause the least turmoil to the current situation, that is, to move Ju Xinxiong alone and tolerate the continued existence of some Ju Xinxiong factions in the political arena.
Hu Yufei continued: "Fu Hua, let me tell you this. This time I have two rules for Ju Xinxiong. In advance, the senior management reached a certain agreement with Ju Xinxiong. The agreement agreed that only a part of the crimes will be pursued by Ju Xinxiong. Ju Xinxiong is also willing to accept the trial for this part of the crime in exchange for the safety of his family and the Ju family."
"His family," Fu Hua asked, "So Ju Caitao has been preserved this time?"
Hu Yufei nodded and said: "The senior officials promised that both Ju Caitao and the property he holds will be preserved."
It has to be said that Ju Xinxiong is a superb man. Even when the crime has been exposed, he can cleverly use the resources under his control to force the senior management to protect the safety of Ju family property and subordinates.
At this point, Fu Hua understood why Yang Zhixin could not intervene in the decision of the Beijing Municipal Bureau of Land and Resources to help him get the two projects back. The top management has promised not to move the guys like Li Guangwu and Ju Caitao, and Yang Zhixin has no suitable reason to intervene in this matter. If he insists on intervening in this matter, it will also destroy the high-level commitment to the Ju family, and this high-level will definitely not allow it.
Fu Hua smiled bitterly, sighed and said, "Anyway, I figured it out. You and Secretary Yang didn't plan to let me develop those two projects."
Hu Yufei laughed and said, "Fu Hua, don't feel sorry for losing these two projects. Zhixin and I both understand the idea that you want to do your own business. Don't worry, you will have this opportunity in the future. Yes, you should not dissolve the company that Xihai invested in. Zhixin and I will help you pay attention to the projects that can allow this company to develop."
Fu Hua knew very well in his heart that although Hu Yufei made a promise with him, the chances of encountering projects with huge development space and substantial benefits like Tianfengyuan Plaza and Fengyuan Center would be very low. Fu Hua could only sigh secretly in his heart, this is God's help me, what else can I say.
Fu Hua was feeling depressed. His cell phone rang and he saw Gao Yun's number, and said to Hu Yufei: "Uncle Hu, it's Gao Yun's phone number."
Hu Yufei smiled and said, "You take it, I don't mind."
Fu Hua answered the phone, smiled and said, "What is the matter with Mr. Gao looking for me?"
Gao Yun smiled and said, "Where are you?"
Fu Hua said: "I'm here with Uncle Hu, what's wrong?"
Gao Yun said: "There is something I want to tell you. Will you still need a long time with Uncle Hu?"
Fu Hua smiled and said, "I have finished talking about what I want to tell Uncle Hu."
Gao Yun said, "Well, let's see you in the Beijing Office later."
Fu Hua said goodbye to Hu Yufei and returned to the Beijing Office. After a while, Gao Yun came to his office. After sitting down, Fu Hua smiled and asked, "What are you going to tell me?"
Gao Yun looked at Fu Hua and said, "What I want to ask you is your Xihai Investment's plan for the two projects of Tianfengyuan Plaza and Fengyuan Center?"
Fu Hua smiled bitterly, and said, "Which pot do you really open or lift which pot? I just got embarrassed about this thing with Uncle Hu just now. At this moment, my heart is not happy. It's better to come up and ask me about this. What are the plans for the two projects."
Gao Yun smiled and said, "What's wrong, did Uncle Hu say something to you?"
Fu Hua said: "It's not about me, but I want Uncle Hu to help me get these two projects back, but Uncle Hu told me that it's basically impossible. Eh, Gao Yun, what are you asking for?"
Gao Yun smiled and said, "Do you mean that it is almost impossible for Xihai Investment to develop these two projects again?"
Fu Hua nodded and said, "That's what it means. Now that the land is taken back is a foregone conclusion, what should I use to develop the project?"
Gao Yun smiled and said, "Then if we and Qiong Group want to participate in bidding for these two projects, would you have any opinion?"
Fu Hua froze for a moment, and said, "You and Qiong Group are going to bid for the land of these two projects? What are you doing for the fun at this time?"
Gao Yun smiled and said: "Of course it is the fun of making money. The land for these two projects is in the prime area of Beijing. It can be said to be a place with an inch of gold. If it can be taken, the benefits will be considerable."
Fu Hua smiled and said, "Who doesn't know that this is a good plot, but the stakeholders involved are not that simple."
Gao Yun smiled and said, "What's so simple? I just follow the procedure to participate in the bidding."
Fu Hua looked at Gao Yun and said with a smile: "Don't pretend to be confused. You can get the land after you participate in the bidding according to the procedure? What a joke? Now it is Ju Xinxiong's sons Ju Caitao and Luo Xinan. The Haotian Group is fighting for this piece of land, can you beat them?"
Gao Yun laughed and said, "Why can't I compete with them? Do you think that Ju Xinxiong is still so prestigious after being double-regulated?"
Fu Hua suddenly realized that he was ignoring this obvious problem, that is, Ju Xinxiong was declared a double regulation not long ago. Now Haotian Group and Ju Caitao have lost a strong support force. . In other words, Haotian Group does not have an absolute advantage in the bidding process for this piece of land. The high-level officials said they wanted to ensure the safety of the Ju family's property and personal safety, but they did not say that they wanted to eliminate legitimate competition.
Gao Yun deserves to be a good business man. She must have felt this change for the first time and realized that this is a big business opportunity, so she stated that she would participate in the land auction.
It's just that Ju Xinxiong has fallen. Li Guangwu has not fallen. The land auction will definitely be highly controlled by Li Guangwu. Li Guangwu is inclined to the Ju family. I am afraid that Gao Yun is involved and may not be able to win.
Fu Hua looked at Gao Yun, smiled and said, "I have no objection to you to participate in the competition, but it is better for you to think clearly. I am afraid that Li Guangwu, the deputy mayor of Beijing who is in charge of auctioning this land, will still be inclined. Ju Caitao and Haotian Group. Don’t take a long time and you will end up with nothing."
Gao Yun smiled and said, "That's not necessarily true. Ju Xinxiong is down now. It's hard to tell what Li Guangwu thinks about this matter. It's hard to say that he would not choose to stay with the Ju family because of the downfall of Ju Xinxiong. Distance."
I have to say that Gao Yun's idea is reasonable. These guys in the officialdom are not benevolent gentlemen. Most of them are ordinary people who know how to seek advantages and avoid disadvantages.