Warren BuffettInvestmentsof Indian payment companiespaytm, defeated India, with a loss of up to 47%. Warren BuffettsubsidiaryBerkshire HathawayOn the 24th local time, the company took 1$6.4 billion ** clearance rightpaytmof 25% shareholding. This clearance is shocking, after allWarren BuffettAlways with a precise eye andInvestmentsCompetence is known. Well, this timeWarren BuffettWhy did India lose so much money?
paytmIt is known as India's Alipay, but the development path of China's Alipay is completely different. paytmFounded in 2009, it initially faced a number of difficulties. The gap between the rich and the poor in India is large, and many people do not have an internet connection at home, making it difficult to accept online payments. It wasn't until 2015 that Indian Prime Minister Narendra Modi launched the "Digital India" strategy for:paytmIt brings valuable opportunities. He vigorously developed India'sInternetto reduce the cost of access to the Internet, and in 2016 implemented ".Remonetation Order", accelerating the pace of Indians accepting online payments.
However, despite thatpaytmModi has made great strides with his support, but his commercial success has not been precarious. Unlike Alipay,paytmIt lacks basic payment scenarios and cannot meet the diverse needs of users. In addition, overseas giants such as Google,Amazonand so on have also entered the Indian market and becomepaytmof competitors. Compared with these mature companiespaytmIt seems to be inadequate, and its business logic is problematic.
Warren BuffettIn 2018 at 12797Rupee** Purchasepaytmwhile the shares were 877 per share29Rupee。According to calculations,Warren BuffettThe loss per share was 31%, or 46% after taking into account exchange rates. This clearance makes one wonder, even ifInvestmentsMasters also make mistakes, and they also suffer huge losses due to misjudgment for some reason.
In general,paytmThe development path is fundamentally different from Alipay, and it has not formed a stable oneBusiness model。Coupled with the large number of competitors, its development prospects are worrisome. Warren BuffettClearancepaytm, although it is a heavy loss, but it may be a wise choice. This failure also taught us an important lesson: the same product does not necessarily achieve the same success in different markets. This timeWarren BuffettThe defeat of India is also for himInvestmentsA question of wisdom.
Warren Buffett's experience of failure caused me to be interested inInvestmentsof thoughts. InvestmentsIt is a complex and risky activity, even if it is world-classInvestmentsThe master may not be able to have a smooth journey. SuccessInvestmentsAccurate judgment and scientific methods are required, as well as adapting to changes in the market and making timely adjustments. For ordinaryInvestmentsIt is more necessary to treat it rationallyInvestmentsand be able to learn from failures.
Moreover, this timeWarren BuffettThe failure also reminds us of the market environment and the impact of competitors. LikepaytmFacing fierce competition,InvestmentsThe choice is madeInvestmentsWhen targeting, it is necessary to conduct a comprehensive research and analysis of the market situation, and study the strength and development trend of its competitors. Only fully evaluatedInvestmentstarget, it is possible to achieve success.
In short,InvestmentsRisk is everywhereInvestmentsYou need to remain calm and rational in order to develop steadily in the market. Every failure is a valuable experience, and only by constantly summarizing and learning Xi can we be thereInvestmentson the road to go further and further.