How to do two things at the same time

Wednesday, July 12, 2017

"Common Sense of Doing Things" How to do two things well at the same time

1. Develop two habits at once.

For example, the author was jogging while walking his dog.

On the way to and from get off work, I think while walking.

Developing two habits at the same time will not only make people stick to it, but also give them a greater sense of accomplishment.

If when you want to give up, you don’t just want to give up one habit, but you want to give up two habits at the same time. When you give up, you will think a lot and feel unwilling or regretful. , so I am more willing to continue to persevere.

Make full use of time and do two things at the same time. Hehe, this is what I do now when I get up early to take a walk and read.

After getting up in the morning, I walk back and forth while reading hot news. After getting up early, I achieve my purpose of walking and gain information at the same time.

The following is the information gained during this morning’s walk

1. Sunac Sun Hongbin acquired Wanda Tourism.

2. Wanda’s assets are overseas and its liabilities are domestic. The liquidity of overseas assets is poor, and distant water cannot save nearby fire. Wanda was short of money internally, with a high debt ratio and a bank run to collect loans. Wanda's own funds were insufficient to repay the loans, so it used the courage of a brave man to sell some assets to save itself.

3. Wanda wanted to return to A-shares and sell equity to raise financing and reduce its debt ratio, but the real estate IPO has almost stalled. Wanda did not want to be positioned as a real estate project, so it sold some businesses and hotels and went " Asset-light strategy”.

4. Sunac wants Wanda’s land, and Wanda wants LeTV’s videos (Sunac is currently the second largest shareholder of LeTV, and is likely to become the largest shareholder in the future), and Wanda has cinemas. LeTV has content, and both parties signed a strategic agreement, a win-win situation.

5. Sunac itself does not have such assets, but Sunac’s M&A routine is to pay some money first, then quickly sell the funds back to pay the acquiring party, and use other people’s assets to cash in to pay the other party. The reason why Sunac has the confidence to pay for mergers and acquisitions is because Sunac’s ability to sell houses is leveraged. Sunac's acquisition strategy is to acquire the other party's existing assets and sell the property directly after acquiring it, quickly realizing the cash and returning the funds quickly. However, it does not use the earned money to purchase land like most real estate developers do, but keeps it for itself.