Cattle is a commercial phenomenon that cannot be ignored. It exists because no matter how carefully we design it, there may be loopholes or gaps behind all business rules. The scalper or arbitrageur is the person who benefits from this price difference.
Don't think that scalpers are just buying and selling. They are even detectors of all the complicated rules and hackers in the business world. Cattle is a commercial phenomenon, and we need to understand the survival logic of arbitrageurs in order to fully understand the complex business world.
Teacher Liu Run mentioned a case in the course: a communication operator launched the activity of charging 200 yuan phone bills to return to 200 yuan shopping vouchers, so scalpers used loopholes in the rules to make profits. If you give the scalper 200 yuan, he will charge your phone bill with 400 yuan, and whoever recharges it will give the agent 20 yuan. That is to say, if I recharge your 400 yuan, the scalper will always leave 220 yuan, but the scalper will get a shopping card from 400 yuan. The scalper took a shopping card from 400 yuan to buy a charging treasure with a price of 400 yuan but at least 350 yuan, and then sold it to some shops at the price of 320 yuan. In the end, the scalper paid 220 yuan cash, but it was quickly rewarded by 320 yuan, with a net profit of 100 yuan. Don't underestimate this 100 dollar. He enlarged his arbitrage ability through his agent, and may make a net profit of several hundred thousand at the peak of his business. In addition to rules, scalpers also promote us to think and optimize rules. This rule If we change the rules, for scalpers, if they need a lot of benefits, they must have the means to achieve it. Shopping cards are easy to cash in, but it is difficult to rush to your mobile phone number. If they rushed to 200 yuan to deliver 100 yuan, this arbitrage would be much more difficult and the gap would be very small.
In the course, another student shared an arbitrage case. At the end of the year, a communication operator needs to boost its performance and pay the broadband fee to send peanut oil from 280 yuan to 280 yuan. The activity lasted for a month. At this time, an agent immediately paid 280,000 yuan and received 1 1,000 yuan of broadband (at that time, the real-name registration system was not strict, and one ID card could handle countless pieces of broadband), and then used 280,000 yuan to pull back two cars of peanut oil and sold 200,000 yuan in the other hand. For this 1 0,000 broadband, the agency fee received from the operator is 1.6 yuan, which is10.6 million yuan, and the profit on the spot is 80,000 yuan. 1 0,000 broadband card was sold at a discount in 220 yuan, and earned another 220,000 yuan. Rules are a great test for the makers of rules.
Financial arbitrage is more efficient because there is no physical transaction, so the smartest arbitrageurs gather in the financial industry. From the arbitrage of discounting bank acceptance bills, to the arbitrage of domestic insurance and foreign loans by RMB appreciation, to the arbitrage of spot and forward exchange difference during foreign exchange control, and then to the spot arbitrage of discounting imported letters of credit with wrong currency. A group of billionaires are born every year among arbitrageurs, and their professional knowledge and market sensitivity are far from the so-called experts of banks. With the strict supervision and the narrowing of spreads, the design of arbitrage products is becoming more and more complicated, generally involving 2-3 currencies and business operators, but those experts who wander on the edge of the system are still very active.
Where there is power, there is reaction, where there is positive commercial value, there is reverse arbitrage. Only by understanding the existence of rule gaps and the survival logic of arbitrageurs can we understand this complex business world more completely.