• 弘扬“村风正气” 建设“美丽乡村” 2017-12-08
  • 湘江河畔最美摆渡叔 2017-12-08
  • 【湖南日报】为什么说“党是领导一切的”-湘潭大学新闻网 2017-12-08
  • 江口闵孝:党建引领“三变”改革促脱贫 2017-12-08
  • 欧洲智库开启讨论 “一带一路”倡议新渠道 2017-12-08
  • “双十一”我县快递量超200万 侧面反映我县电商蓬勃发展 2017-12-08
  • 我市举办跨境电商“百企培育计划”培训会 2017-12-08
  • 我省40个先进集体获青海高原“工人先锋号”称号 2017-12-08
  • 五星岭林场:“三举措”保维稳促发展 2017-12-08
  • “海丝”国际传播论坛成功举办,“广东制造”引发热烈反响 2017-12-08
  • 美军如何监视朝鲜射导弹?记者探访地下指挥部开眼界 2017-12-07
  • 年底了这部分人请速回南宁,务必转告亲朋好友..... 2017-12-07
  • 大迈X7 2.0T 8AT车型将于12月8日上市【图】 2017-12-07
  • 《猎场》菅纫姿因剧走红 90后的她新作备受期待 2017-12-07
  • 周公解梦 梦见断手脚详细讲解 2017-12-07
  • 中国培训网欢迎光临!
    您的位置: 首页 > 培训资讯 > 专家文章

    沈南鹏:分享十五条投资精华

    发布时间:2017-09-18 13:47:54
      

       78753798.jpg

      红杉资本,无论在国外还是国内,都是享有盛誉的投资公司。在国内流传着这样一句话,你可能不知道红杉,但是你一定用过红杉投资过公司的企业服务。名气不是吹出来的,而是实实在在的业绩打造出来的。本文就借用投中网的数据,为大家提炼沈南鹏的15条投资精华,堪称秘籍。而作为红杉资本的中国领头人,沈南鹏也业内也颇有名气。

      以下是“过来人”的感悟,共鸣越多,说明大家的精力或者阅历越多。共鸣很少,那你真的需要去多学多看多实践了。

      1---)有些创业者仅仅为了上市、赚钱而创业,但我们更欣赏的创业动机是希望创造一种产品和服务满足某种需求,解决某个问题,其动力源(600405,股吧)自好奇心和使命感。判断一个创业者不仅要看能力,还要看他(她)是否具备正能量。

      2---)在“创业者能力”和“创业者精神”的选择上,我优先选择创业者精神,只有创业者有真正的品质和美德,他的能力才能够得以发挥,否则可能会被滥用。一家企业能够成功最关键的因素是什么?需要Entrepreneurship(创业家精神),创业家精神是过去一段时间里国内媒体上出现频率最高的词汇之一,但还有一个词也非常重要,那就是Professionalism(职业精神),而它常常被大家忽视。职业精神包含:专业能力、团队精神、责任心、解决问题的能力、价值观。

      3---)我们这个行业其实永远充满遗憾,有太多让人反思的理由,每年都会发现自己做了不少错误的判断,这也是这个行业特别有意思的地方——你只要愿意学习,愿意在成功和失败案例中去总结归纳,每个人都有可能提升自己的投资能力。

      4---)不管在什么行业里,要想成为成功人士,都不可能只是靠高智商,必须要是高情商和高智商的结合。

      5---)大量的创业公司最后没能长大,没能成为预想中伟大的公司,原因有很多,但最主要的恐怕还是企业没有很强的执行力和团队文化。

      6---)CEO要是会算账的人,不能拍着脑袋决策。至少有两个数字是大部分公司都必须关注的。第一个是毛利率,决定了一家公司有没有真正的议价能力或定价实力,这是CEO需要关注和保持敏感的一个数字。第二个数字是单位经济。

      7---)空降高管的失败率是不低的。建议CEO找年轻人培养,他们可能没那么多经验,不一定非得是顶级MBA或投行或咨询出身,但要有想法和好的商业感觉,与团队的核心创新理念吻合,再让他们和公司一起成长。

      8---)CEO肯定也是产品经理,团队负责执行,但CEO应该深度介入并参与,帮助团队打磨产品。

      9---)创业是容不得你去重新学习的,竞争的环境可能让你没有机会学习,因此基础科学知识结构对CEO的个人成长很关键。培养逻辑思维和建立模型的能力,对创业和企业管理都至关重要。

      10---)作为一名优秀的CEO,需要具备的素质就是根据市场反馈的信息来不断修正自己的商业计划,改变自己的策略和方向,尤其在公司早期,这更是不可避免的。如果创业公司的CEO是一个一成不变的人,那么他的创业很难成功。

      11---)我会尝试去寻找好的机会,但通常我不是第一个尝试的人。我会观察一下,看自己是否适合。

      12---)我是一个乐观的人,加上喜欢承担一定的风险,也看重长期的职业发展,不期待短期利益。

      13---)我常常是一个需要“说服”别人的角色,要做一个好的“销售员”。

      14---)我总是怀有一颗好奇心。不管当初进华尔街还是后来去创业、做投资,我都保持着好奇心,觉得做这些事本身很有意思:我会想为什么这么多公司能成功?原因是什么?在这个过程中我很Enjoy。

      15---)人们说交际圈很重要,因为可能会给自己带来某个生意,但在我看来交际圈更多是给自己带来启发。

      来源:和讯商学院--文/运帷


    网站备案号:粤ICP备14053066号 版权所有:中国培训网

    Copyright 2015 Enterprise Management Training Center All Rights Reserved.

    午夜电影_午夜电影网_成人午夜电影 | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | nxnews | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | nxnews | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | nxnews | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | 午夜电影_午夜电影网_成人午夜电影 | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | caoliu_caoliu社区_caoliu最新社区地址2017 | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | 午夜电影_午夜电影网_成人午夜电影 | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | nxnews | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol | xtol |