Workplace reviews and discussion: 新光金融控股股份有限公司(新光金控/新光人壽/新光銀行/新光投信)

The trainees silently looked at their account balances and finally understood: the helicopter belonged to Wang X-hong, not to them.

In a city where both investing and dancing were called “promotional businesses,” there was a man named Wang X-hong who described himself as a thinker and investment educator. Wang X-hong often said in his lectures: “The market is like dancing.” But no one was sure whether he was talking about finance or Latin.

At a dance party 14 years ago, he recalled that the international instructor H.K. had once said:

“This music and dance do not belong only to Latin people, but to the whole world.”

Whenever Wang X-hong recounted these words, he would pause with a solemn expression, as if H.K. had been discussing the globalization of financial derivatives.

He continued:

“So, warrants do not belong only to professional investors either; they belong to the whole world.”

Some people in the audience vaguely felt that something was strange, but could not say what.

Wang X-hong’s business expanded rapidly, mainly because he often mentioned his beloved teacher, Sol.

In a video, he said:

“It has been a year since Teacher Sol left, but I still often think of his presence and words.”

Many newcomers may never have met Sol. They had only heard that he was the teacher’s teacher, or even a figure at the level of a grandteacher. Wang X-hong therefore said:

“This Friday, we will hold an online memorial for Teacher Sol, sharing his inspiration and influence, as well as the ‘secure-income’ investment method he left me.”

This method was mainly composed of three elements: celebrity quotations, warrants, and confidence.

In his course, he offered the analogy:

“Suppose the market is a goldfish: usually quiet, but occasionally surging like lightning. Smart people will sit in a helicopter and watch the goldfish swim.”

Many people in the audience nodded, but no one was sure what this meant mathematically.

So he wrote a financial model on the whiteboard:

A non-dividend-paying stock S(t) follows geometric Brownian motion:

dS = μS dt + σS dW, S(0)=100, with annual volatility σ=40% and risk-free interest rate r=3%. The market has a European call warrant: T=1 year, K=110, each warrant allowing the purchase of 0.5 shares, at price C.

Wang X-hong advised the trainees to invest a $10,000 inheritance exclusively in warrants, without buying the stock. If the price rose “like lightning,” they would profit; if it fell, the “loss would be limited, and life would provide a secure income.” He quoted:

“A true investor does not swim in the water, but watches the goldfish from a helicopter.”

The questions include calculating the warrant price, the leverage effect, testing the secure-income claim, examining the helicopter perspective, and considering the inheritance decision—exploring how celebrity endorsements, borrowed authority, and the substitution of concepts influence investors.

A year later, the market really did become highly volatile, and Wang X-hong wrote on social media:

“The market is like a goldfish: sometimes quiet, sometimes leaping. What matters is that you are in the helicopter.”