Rebirth of the Strongest Tycoon

Xia Yu's question was directly at the core of the Financial Times Company, and Clyde Albert had to answer it solemnly.

When the Financial Times Group was in his hands, his thinking was to continuously improve the quality of the articles, so the focus was on broadening the intake targets, collaborating with academics and academics in economics and business from various universities, as well as elite practitioners in the financial industry.

The gradual increase in sales over the years has proved that his idea is correct.

In the past five years, the quality of the articles of the Financial Times has been getting higher and higher, and all kinds of analysis have been pointed out.

So Clyde Albert truthfully stated his actions and thoughts, and looked at Xia Yu quietly, waiting for Xia Yu's evaluation.

Although he thinks his approach and method are right, but now Xia Yu is the boss, the decision is in his hands.

I saw Xia Yu nodded with a smile, and before Clyde Albert had time to be happy, he saw Xia Yu smiled and shook his head again, his heart was hanging slightly.

Then Xia Yu said loudly: "Clyde, your methods and methods are very effective. If you continue to develop like this, the Financial Times will be able to maintain the No. 1 position in the same category, but his upper limit is It is limited, and it takes enough time!”

"I ask you, according to what you said, do you think the Financial Times can become a necessity for people in the financial industry? Can it create its own barriers to prevent other newspapers from surpassing?"

After speaking, Xia Yu waited for his answer with great interest.

Clyde Albert frowned, thought for a long time, and shook his head with an ugly expression: "It can't be a necessity, and there is a possibility of being replaced."

Clyde Albert has the advantage of being able to look directly at his own shortcomings and shortcomings, and because of this, he has been growing and becoming more and more capable.

After listening to Xia Yu's words just now, he quietly analyzed it and found that he really couldn't do what the boss said.

If it develops like this according to his ideas, it will rely heavily on the contributions of major experts and scholars. If a newspaper spends a lot of money on deadlines, the advantages of the "Financial Times" will easily be lost.

Without those high-quality manuscripts, the quality of the Financial Times will decline, and its reputation will easily collapse.

Therefore, according to his method, the risk still exists, and the lifeblood is handed over to others,

This is not the behavior of a wise man, a media company that needs stability can't do this!

But when there is no other way, his approach is indeed a good measure to increase sales. It can only be said that there are advantages and disadvantages!

"So it is necessary to create an irreplaceable advantage for the Financial Times and make it a necessity for people in the financial industry!"

Xia Yu raised his voice and said with a firm meaning in his words.

Clyde Albert was shocked, feeling the boss's determination, and was very curious about what the boss said about the advantage.

"Boss, please give me some pointers!"

Clyde Albert lowered his posture and asked humbly.

"For example, let the Financial Times create an irreplaceable and authoritative stock market index for the entire London stock market. If it is named, it can be called the London Financial Times Index. As long as the financial industry practitioners and investors want to study the stock market, they will give priority to referring to the London Financial Times. When the Times Index is listed, the company is invincible!"

Xia Yu narrowed his eyes and said slowly.

"Financial Times Index?"

Clyde Albert muttered, but his brows furrowed.

If the London Financial Times Index can really be built, there is no doubt that the Financial Times will have a golden body, and any financial newspaper will never try to surpass the Financial Times.

However, there are also some financial indexes in London. Except for some compiled by financial service institutions, only a few are compiled by newspapers, and they have little influence.

Clyde Albert did not think about creating a financial index, but because it is too difficult and risky, so far he has only thought about it and has not really implemented it. After all, he really has no confidence.

It is not easy to create a stock market index. It requires a lot of research and analysis. The data is huge, the research is difficult, and the data is constantly changing. Therefore, this work requires a lot of manpower.

A stock market index is a reference number compiled by a stock exchange or financial services institution that indicates changes in the stock market. Based on this, investors can test the effect of their investment and use it to predict the trend of the stock market.

At the same time, the press, company bosses and even political leaders also use this as a reference indicator to observe and predict the social, political and economic development situation.

The index calculation method is generally divided into three types, one is the relative method, the second is the comprehensive method, and the third is the weighted method. Usually, the stock price in the reporting period is compared with the fixed base period price, and the ratio of the two is multiplied by the base period. The index value is the stock index for the reporting period.

The world's well-known stock market indexes include the Dow Jones Index, the New York Stock Exchange Index, the Standard \u0026 Poor's Index, and the Nikkei 225 Index evolved using the Dow Jones index algorithm.

Of course, although the Hang Seng Index is famous in Hong Kong, it is only a little famous in the world because of the size of the Hong Kong stock market.

It is a pity that for various reasons in Europe, the three major powers of Britain, France and Germany have not developed a world-renowned price index that can strongly represent the domestic stock market. This is an opportunity.

If the "Financial Times" can come up with it, the reputation will really be resounding throughout the world, and the influence will be spread all over the world.

What Clyde did not know was that the Financial Times actually launched a stock market index in 1984, the famous London Financial Times 100 Index, also known as the FTSE 100.

The FTSE 100 is a stock index of the 100 largest companies listed on the London Stock Exchange, a barometer of the UK economy and one of the most important stock indices in Europe.

The FTSE 100 is one of the three major stock indexes in Europe, along with the Frankfurt index in Germany and the CAC-40 index in France. .

In addition, the Financial Times has also created the FTSE 250 and FTSE 350 indexes, which are also well-known, pushing the authority of the Financial Times to its peak and making it famous all over the world.

It is also for this reason that the future light is a Financial Times company before it was acquired by the island country Nikkei Group at a price of 844 million euros.

Of course, none of these things Clyde Albert knew.

But Xia Yu knew it very well, so he had to push it artificially, so that the stock index, which would take five years to come out, appeared in advance!

With his guidance, the Financial Times Group only needs to recruit people to collect data, and then calculate a series of data such as weights according to the announcement set by him, and then make a stock market price index table.

Using a stock market index that has been perfected for decades to boost the Financial Times, the effect is not too surprising, and it can definitely make an earthquake.

Clyde Albert took a deep breath and said firmly: "Boss, don't worry, after I go back, I will set up a special project to establish a stock market index research institute."

Although he said that, only he knows how much pressure he has in his heart. This is a huge challenge!

I don’t know the cost, the time-consuming, and the effect!

Xia Yu nodded slightly and instructed: "There is no need to set up a department. In order to operate better, you can set up a subsidiary company called FTSE Index Co., Ltd., and then complete the formation of the company's personnel. I will give you a report after a while. If you have materials, you build a stock market index according to that idea.”

"Yes!"

Clyde Albert was puzzled and a little curious, but he didn't ask, after all, the materials had obviously not come out yet.

...

In the following days, Xia Yu searched and listed the companies that constituted the FTSE 100 index one by one according to the situation of later generations.

In fact, as long as the idea of ​​​​making a stock market index is right, the difficulty will drop sharply.

The later FTSE 100 index is to select the stocks of the 100 largest companies in the British stock market, and the constituent stocks cover 9 major European countries, mainly British companies, and also include Germany, France, and Germany listed on the London Stock Exchange. Companies from eight countries: Italy, Finland, Switzerland, Sweden, the Netherlands and Spain.

The constituent stocks of the FTSE 100 are reviewed quarterly and replaced according to actual conditions.

In addition to the FTSE 100 index, Xia Yu also wrote the planning of the FTSE 250 index and the FTSE 350 index.

The FTSE 250 is an index calculated to target the 250 largest stocks in the FTSE 100 Index.

The FTSE 350 is an index that includes all companies in the FTSE 100 and FTSE 250.

Of course the FTSE 250 and FTSE 350 are constructed to rank behind the FTSE 100.

The most important thing now is to build the FTSE 100 index, which is the essence and the most authoritative and representative index.

The other two are extensions of the FTSE 100 index. Xia Yu intends to continue to expand his influence and coverage after the success of the FTSE 100 index, creating a solid and wide moat for the company.

Eat the cake ahead of time and walk away from the road that others can walk, in order to be safer!

In addition to writing the ideas for selecting companies, the planning also includes a series of highly difficult professional knowledge such as calculation methods of different indices, sampling methods, modeling and accounting methods, etc.

If you follow the normal process, it will only take a little bit of practical analysis to figure it out. Now Xia Yu can directly produce the results in one step, which directly saves several years of groping time.

Sure enough, after Xia Yu planned these instructions to Clyde Albert, the latter was shocked and looked at Xia Yu like a god.

After that, according to Xia Yu's guidance and planning, the FTSE 100 index was established, and the FTSE Index Co., Ltd. became a world-class index calculation financial institution, and the Financial Times also followed.

Of course, that's all for later.

In fact, after talking with Clyde Albert that day, Xia Yu went back to prepare, because January 25th was the day when the Chinese Business Association of Great Britain reception was held!