A small bomb went off.

Yesterday, a comment in the comments section questioned whether Zhang Xuefeng had any social value, which sparked a heated debate backstage. I'd like to add my perspective.
Many netizens' most direct impression of Zhang Xuefeng is that he teaches students how to fill out college applications and avoid pitfalls. This is his business, with accumulated revenue of 4-5 billion yuan. He may have helped specific clients, but it doesn't have much social value.
Since the number of good jobs in society has not increased, he has led some people into good jobs, which will obviously squeeze out other people. It only increases the competition in the college application process, without creating new jobs. You can definitely understand this.
However, I believe that Zhang Xuefeng and the college application consulting industry he represents have social value, as they can promote a more rational allocation of educational resources.
As I wrote before, all university programs in the US have employment rate statistics and salary data, which can be accessed online through social security and labor departments, and are subject to third-party supervision. Falsifying this data can lead to legal trouble. In contrast, Chinese universities only have statistics for the entire university, or at most for each college, without breaking it down to individual majors. This allows them to hide some majors with poor employment rates by relying on average data.
As for why these poorly performing majors are hidden instead of being eliminated, it involves many vested interests and sunk costs, just like the government's job security system—creating new positions is easy, but reducing them is difficult. Previously, Zhang Xuefeng said that his child wanted to study journalism and was directly confronted, which threatened many people's livelihoods, and he angrily came out to criticize him.
He can use his online influence to make the public aware of the information gap, promote the rational adjustment of educational resources, and reduce ineffective waste, which is very valuable.
…
Let's start with an update on the situation in Iran.
Trump stated his hope to reach a ceasefire agreement by April 6th. With increasing domestic pressure in the US, it's clear he's eager to withdraw from the conflict. Trump's bottom line is also lowering; today he said a ceasefire would be possible even if the Strait of Hormuz were blocked, and he also made a sarcastic remark about allies who didn't help fight Iran: "If you want oil, buy it from the US; we have plenty. Or have the courage to go and rob it yourselves in the Persian Gulf."
On the other hand, Iran has actively passed a bill to charge fees for the Strait of Hormuz. According to international law, natural straits like this should not be charged for, but Iran claims that it has actual control over the strait and has paid huge costs to maintain its security, so it is justified to charge fees.
I didn't understand Iran's statement that "it has paid a huge price to maintain security in the Straits." Wouldn't the Straits of Hormuz be safe if they did nothing? In short, they'll be collecting tolls from now on. They'll be in charge, and Oman on the other side will be a partner. They might share the profits with Oman, but Oman hasn't said anything yet.
If this trend continues, the US might simply withdraw from the war, and Iran might not pursue them to the US mainland. However, they would gain control of the Strait of Hormuz through this conflict, setting up checkpoints and charging fees. So, who do you think won and who lost?
I think the US didn't profit, Iran won a little, (Saudi Arabia, Iraq, Kuwait, Qatar, and the UAE) lost a lot, Japan and South Korea lost a lot, Europe lost a moderate amount, India and China lost a little, Russia won a lot, and I can't say about Israel, but their feud with Iran is definitely not over.
If a ceasefire actually occurs within the next two weeks, oil prices are expected to quickly fall back below $90. However, after this commotion, institutional forecasts for the average Brent crude oil price in 2026 have risen from $63 in February to the latest $83, a full 30% increase. This spectacle wasn't for nothing; we all have to pay the price for it.
…
Today, A-share trading volume reached 2 trillion yuan, with a median decline of 1.46%, finally ending the dismal March market performance. Throughout March, the CSI 500 Index fell by 12%, almost wiping out all the gains of the previous two months, making the first quarter a lackluster affair.
The government and military emerged as the biggest winners, selling off approximately 600 billion yuan worth of shares at high prices in mid-to-late January, effectively selling off their positions acquired during the 2024-2025 market rescue efforts. Their estimated profit margin is around 30%. At the time, everyone thought the government and military were cooling down the overheated market, but now the market has truly cooled down.
picture
Well, let's just say the market hasn't risen in the last three months, tonight is New Year's Day holiday, and tomorrow is the first trading day of 2026. While this might seem a bit self-deceptive, a crucial lesson in stock trading is mindset management; complaining and blaming others won't help.
The current market trend is still within the overall upward trend of the past two years. Although there has been a short-term setback, it doesn't mean the bull market is doomed. If you have a heavy position and are under pressure, it's not a bad idea to unload some of your holdings now. Last year, I reduced my position at an average price of 7400, and you're selling now at 3% higher than I did back then.
…
1. Tonight, star stock Sungrow Power Supply Co., Ltd. experienced a minor setback. Its Q4 net profit was 1.58 billion yuan, a 54% decrease compared to Q3's 4.147 billion yuan. The fundamental reason is the surge in battery cell costs. Upstream lithium carbonate prices soared, while downstream prices failed to keep pace, squeezing profits from both ends and causing a 5% drop in gross profit for its energy storage business. Additionally, European and American customers placed large orders in Q2 and Q3 to mitigate policy risks, leading to a contraction in Q4 orders. Other factors include some expense accruals.
Overall, the problem isn't too serious; it's not a fatal business turnaround. The market will likely open lower tomorrow to test shareholders, but the energy storage business is so promising that I don't think it will collapse.
2. Something rather awkward happened today. The airline initially announced a five-fold increase in fuel surcharges, but then withdrew it. It seems the government is proactively absorbing the increased costs and doesn't want to pass them on to the public, which is a good thing, kudos!
3. In a recent interview , Buffett stated, " The market is not cheap right now, and I won't enter the market just to make a 5%-6% rebound ; however, we have over $370 billion in cash on hand , and we will use that money if the market experiences a significant drop ."
That's all for now. Lastly, I'll share something interesting. Last night, my wife said my younger brother saw a neighbor's BYD in the garage and was shocked because he knows that car costs over a million yuan. When he got home, he kept remarking on how rich our neighbor was and wanted my dad to find out how he made so much money. But he thinks the neighbor is a tycoon and probably wouldn't want to be friends with my dad.
I'm really cracking It turns out that BYD car owners have such a high image in my brother's mind.

Replay <!– 随便看看 –>


Original Article: View Chinese Version

Leave a Reply

Your email address will not be published. Required fields are marked *