I've found that foreigners really haven't seen much of the world. When I was in England and America, they were all amazed by any little gadget I pulled out, and these were all young masters from wealthy families.
"For example what?"
"Yeah, like that birthday candle that breathes fire, sings, and spins when you light it. It's made in Yiwu and only costs one or two yuan to make. When we showed it off, it amazed everyone."
Yang Kai glared at his son: "Where did you find all this junk? Remember, industry is the foundation of the nation. We're in big business, not middlemen."
Yang Xile was disappointed and said, "Industry is the foundation of national prosperity? Then why did you spend so much money speculating on land and developing real estate in previous years?"
One sentence left Yang Kai speechless: the mid-to-late 1990s was the golden age of real estate, and those who entered the industry at that time basically made a fortune.
Some people also tried to get Yang Kai, who already had relatively ample funds, to get into real estate. Yang Kai initially refused, but later saw how easily others were making money:
Buy a piece of land, hold it for a few years, and you can recoup your costs just from pre-sales before even developing it. The rest is all profit! It's much faster than building a manufacturing business bit by bit.
Businessmen are 100% profit-driven, so seeing others making a fortune in real estate, Yang Kai was finally tempted and invested a large portion of the group's profits into the real estate industry.
However, he entered the industry a little late, and since it's a completely different field, the consultant he hired at a high salary turned out to be a good-for-nothing who only knew how to talk big.
He suffered some setbacks and losses, but fortunately, the industry trend was favorable, so he didn't lose money. However, the money he earned was far less than he had expected.
Having learned his lesson, Yang Kai completely withdrew from the real estate industry and gave up his share of the pie when he realized that the government was tightening real estate-related policies.
People can't be too greedy and want to eat everything, otherwise they'll have indigestion and might end up not being able to eat anything at all.
This was one of Yang Kai's few failed investments, especially considering the immense pressure he faced when he entered the real estate industry. Therefore, almost no one in the company dared to mention it to his face.
While Yang Kai was dabbling in the real estate industry, Yang Xile was still in elementary school.
I thought he knew nothing, but I didn't expect this kid to know everything, and he even dared to bring up his father's mistakes to his face.
Yang Kai was speechless for a moment after being rebuked by his son, so he could only angrily say, "If you keep talking nonsense, I'll reduce your living expenses in France to 1 million a year!"
“1 million euros? You expect me to live on that amount of money for my brother’s car for a year?” Yang Xile continued with a grin.
"Dream on! 1 million RMB!"
"Oh, Dad! How can we possibly afford that?! Are you going to let your son starve in France?" he cried out dramatically.
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