Only after being reborn did I realize how fascinating the world of the rich is.

When Li Xiaofeng's film and entertainment career was booming, Le Mengyao took the initiative to find him again.

Le Mengyao scrutinized Li Xiaofeng, then asked with some confusion, "Xiaofeng, I'm finding it harder and harder to understand you. Didn't you say you weren't interested in film and entertainment?"

Li Xiaofeng smiled and casually said, "I'm not interested, but my women are, so I just take out some money and play around with them!"

"Is it really just for fun?"

"Of course it's just for fun. Look at my investment with Tang Shanshan, I've only invested a few hundred million. Compared to my other projects, it's just for fun!" Li Xiaofeng said frankly.

However, Le Mengyao said irritably, "Tang Shanshan's project doesn't require that much investment in total. Your several hundred million is already an unparalleled achievement in this industry."

What might be just casual fun for you is a devastating blow to the industry!

"That's not my problem, it's an industry problem, don't you think? Besides, with me developing this industry, maybe the market will grow bigger and bigger, don't you think?"

Le Mengyao said somewhat dissatisfiedly, "I think you're just pretending to be stupid. It's not just Tang Shanshan's side, what about Huiya's Dingdian Film and Television? The investment plus the rolling profits is almost a billion yuan!"

Also, I recently heard you're planning to start some kind of video website. If it succeeds, it could easily cost tens or even hundreds of millions of yuan. I seriously suspect you were just fooling me before!

Le Mengyao continued to stare into Li Xiaofeng's eyes, as if trying to glean some secret from them.

"You had Xin'er tell me to let our Le family shift its investment focus and enter the real estate industry, but you yourself are investing heavily in the film and entertainment industry. Are you afraid that our Le family will compete with you?"

Li Xiaofeng smiled and said in a nonchalant tone, "That's not true. There are countless people working in the film and entertainment industry. One more or one less makes no difference. I have no reason to hold a grudge against your Le family!"

Besides, Lejia is now entering the real estate industry, and isn't it already making money?

As for what I said to Xin'er, I wasn't saying it to you, but to Xin'er. The future of your Le family is none of my business, but since Xin'er wants my advice, I will sincerely share my thoughts with her!

Le Mengyao pressed on, "You mean you treat your woman very well!"

"Whether I treat my women well or not is not up to me to decide, but rather to how they feel. Do you agree with me on whether I treat them well or not?"

Le Mengyao neither agreed nor disagreed with Li Xiaofeng's words, knowing that there was no point in asking any further questions.

So she changed the subject and tentatively asked, "What I don't understand is, if you're going to invest heavily in the film and entertainment industry, why are you also investing in manufacturing? Are you planning to diversify your business?"

Li Xiaofeng nodded and said with a smile, "I'm currently planning to do that. Isn't your Le family also diversifying its business?"

After hearing Li Xiaofeng's clear answer, Le Mengyao nodded and said somewhat uncertainly, "Our Le family's current development direction is indeed towards diversification."

Many economic experts now say that for a conglomerate to achieve long-term healthy development, diversification is a dead end, and specialization is the way to survive. Do you think they are right?

"This statement from the economic expert is both right and wrong!"

"Oh, why do you say that?"

"That's because economic experts only look at development trends, but they've never actually run a business. If you want to run a business well, taking the path of specialization is the right thing to do."

Especially for high-tech companies with high professional barriers, continuing down the path of trade, industry, and technology is a dead end. Even if they prosper temporarily, they will eventually decline.

The problem is that specialization also requires money. How can you move forward without money? That's why many large corporations are pursuing diversification.

The reason is simple: first, make the money that's easy to earn in the market. As long as you have money in hand, you can still continue to develop on the path of specialization.

I know that high-tech companies like Chrysanthemum have always followed a specialized technology-industry-trade route, but their founders have already given away most of their shares to employees in order to raise money.

Of course, I admire their vision; they are truly entrepreneurs with a sense of mission. But most of us are just ordinary people who run businesses to make money. If we give away all our shares, how can we make any money?

After listening to Li Xiaofeng's long speech, Le Mengyao nodded in agreement. Then, she smiled and returned to the original topic: "What you said makes sense."

But judging from the scale of your investments in the entertainment industry, it doesn't seem like you're just playing around. Otherwise, you wouldn't have gone to such lengths to buy back Wanzhong Media!

Li Xiaofeng smiled and spread his hands, saying, "Wanzhong Media is a company I founded myself. I had no choice but to sell it back then. Now that I have money, of course I want to buy it back. It's not as complicated as you think!"

Le Mengyao wanted to press for more information, but Li Xiaofeng interrupted her, saying in a calm tone, "Mengyao, there's no going back in this world. What's the point of you asking like this?"

"Now let me ask you this: if you hadn't bought that land from me, would you have dared to invest all those billions of yuan into the film industry?"

"How could I not have the courage? If I had invested that money in reality TV shows..."

"Stop, Mengyao, you've overlooked one thing. The reality show is my idea, and it's a program I've been planning and preparing for a long time."

If I hadn't pioneered this field, you wouldn't even have this concept; at most, you'd just be producing a few talent shows.

As for investing in film and television dramas, can the current film and television market accommodate so much of your funds? Besides, you know the risks involved in film and television dramas; would you dare to invest all your money at once?

But the real estate industry is different. As long as you have money, the market can accommodate any amount you invest, don't you think?

After hearing Li Xiaofeng's words, Le Mengyao, who originally wanted to say a lot of things to him, suddenly found herself unable to say them.

“Mengyao, at that time you bought my land, made some money from the real estate market first, and then talked about other things. This was the best choice for both of us at the time.”

I gave up the future profits from that land and invested the money in real estate speculation. You also made money in real estate development. It's a win-win situation, much better than our two families being at odds in the film industry!

Le Mengyao sighed, but still nodded slightly.