Hello 1983

Rogers also took the past and started reading. His point of view is different from that of Soros, and he also feels that the current U.S. stock market has too much bubble.

While watching, Rogers also picked out the point of view he agreed with from time to time, and read a few sentences, which seemed to be quite appreciative.

After roughly finishing the reading, he said to Professor Peter solemnly: "Professor, I think this paper should be given an A, and it may sound a wake-up call to all investors."

Professor Peter's face also became serious. He felt that he might have been biased just now. After all, this is a controversial paper, so it is not easy to draw conclusions.

Soros didn't think so: "No, this little guy is obviously trying to attract the professor's attention on purpose, and then get a high score. Let me see, who is this scheming little guy?"

After seeing the signature, Soros immediately widened his eyes and whistled lightly: "Wow, Rogers, look who this little guy is?"

"Liu, it sounds like an international student from China." Rogers didn't know Liu Qingshan in detail, so he only knew his English name.

Soros held the thesis as if he had found a treasure: "It's that young man named Mountain. I can't hold back anymore. I want to refute his thesis into a pile of shit."

Seeing that his old friend who was decades old became as excited as a kid, Rogers couldn't help shrugging his shoulders:

"Oh, old chap, you're too vengeful."

Liu Qingshan didn't know that he had already been missed by others. As usual, he had breakfast and went to school.

In the morning, there was a big class given by Professor Peter, and the professor announced a message: he asked his students to attend the forum tomorrow.

He also specifically emphasized that there will be several well-known economists present, including many Wall Street investors.

After class, the students were very excited.

In the past two years, as the U.S. stock market has soared, many high-achieving students from prestigious schools who originally disdain to go to Wall Street to do odd jobs have also put on suits, ties, and oiled hair to become Wall Street analysts or traders.

Now I heard that there are seniors from Wall Street coming to give lectures. Of course, these students who are eager to get rich are all like chicken blood.

Hearing the chirping sounds around him, Liu Qingshan was not very interested. He packed up his belongings and prepared to leave.

He is not going to attend tomorrow's summit. If he has that time, he might as well study by himself in the classroom.

"Liu, wait a minute, I hope to see you in tomorrow's forum, otherwise...you understand."

Professor Peter's words came from behind, Liu Qingshan could only shrug his shoulders helplessly, and replied OK, there is no way, this Professor Peter's nickname is "Great Emperor", which means tyrant.

The forum on the second day was held in a large lecture hall, which could accommodate thousands of people. Students of several grades from the School of Economics filled up the seats early.

The layout of the front desk is also very interesting. There are actually two rows of chairs facing each other, which looks a bit like a ring.

When the time came, Professor Peter took the stage and began to introduce the guests present today: "Let us welcome the most successful investor on Wall Street, Mr. George Soros."

Wow!There was an exclamation from below, and then there was warm applause, accompanied by the clicking of cameras, unexpectedly there were also reporters who were everywhere, sneaking into the venue.

These young students adore success and wealth, and Soros is such an incarnation.

Afterwards, several heavyweight figures appeared on stage one after another.

"Finally, let us welcome Mr. Jim Rogers."

Professor Peter took the lead in applauding, and the applause from below was equally loud. For free investors like Rogers, he is the idol of students who study economics.

After Rogers also bowed, he did not sit with Soros and the others, but sat on the row of chairs opposite them, and he was alone for the time being.

After sitting down, Rogers looked around and said into the microphone: "I think this is very unfair, so I need to find allies and partners."

"Professor Peter, can you sit next to me?"

There was a chuckle in the lecture hall.

"No, Jim, I'm the chairman of the meeting, or you can treat me as a referee." Professor Peter also spread his hands exaggeratedly, causing another round of laughter.

Rogers shook his head: "It seems that I can only find my teammates by myself."

His eyes looked into the hall.

The bottom immediately boiled, swish, swish, and countless arms were raised high.

If you can partner with Mr. Rogers and participate in a debate match, you will definitely be able to blow up for several years.

"Students, please don't get excited. In today's forum, Mr. Rogers' point of view is to look down on US stocks." Professor Peter quickly added.

With a swish, as if hearing a command, those arms all fell down.

What a joke, the current stock market is thriving and booming, how could it fall.

Even if someone wanted to show off, they immediately dismissed the idea:

What should I say after this, you can't tell lies with your eyes open. In that case, Professor Peter, who has always been known as the emperor, will definitely give you a failing grade.

Rogers on the stage was also quite capable of acting, and immediately put his hands on his head: "Oh, haven't you heard that the truth is often in the hands of a few people."

"Then I can only roll the roll, Professor Peter, can you give me the roll?" Rogers continued to talk nonsense on stage.

Professor Peter also shook his head cooperatively: "No, only the professor has the right to call names."

Accompanied by a burst of soft laughter, Rogers suddenly took out a stack of papers from his briefcase, and he wiped his forehead: "Fortunately, I was prepared."

"This classmate's point of view coincides with mine, and he is just right to be my teammate."

"Student Qingshan Liu, come on, let us fight side by side together."

who is it?Most of the students began to look around.

Then they saw a handsome Asian student standing up and walking forward with a seemingly helpless face.

Chapter 632 Time Will Tell Everything

Mountain!

Liu Qingshan still has some reputation at UCLA, he can be regarded as a star student, so many people know him.

Fortunately, college students in the United States generally don't disturb other people's lives, so Liu Qingshan basically doesn't get harassed.

After walking to the front, Liu Qingshan first bowed to Professor Peter, then nodded to Soros and others, and finally came to Rogers' side.

Rogers stood up with a smile and shook hands with Liu Qingshan: "Welcome, Mountain, I know you are under a lot of pressure now, can you still hold on?"

Liu Qingshan also shrugged his shoulders and looked at the three people opposite him. In addition to Soros, there were also Buffett, the later stock god, and Dalio, who designed the "Pure Alpha" fund. Whoever it was, would definitely feel the pressure .

However, Liu Qingshan said calmly: "Mr. Rogers, a great man in our country once said that all enemies are paper tigers."

"Okay, courage is commendable." Rogers took the lead in clapping his hands.

But the students below didn't buy it: What, they look down on the stock market, isn't that going to smash our jobs?

The college students here all want to work hard on Wall Street after graduation.

When Liu Qingshan sat down next to Rogers, Professor Peter began to host, and typed out the topic of today's forum with slides:

It was designed in the shape of a seesaw, with a money bag on one side and a caricatured person sitting on the other.

"The topic we are going to discuss here today is about the stock market. The affirmative party is represented by Mr. Soros, and he is optimistic about the development of the stock market."

"The opposing side is represented by Mr. Rogers, who is pessimistic about the stock market."

"Today, both of them are going to have a debate here." Professor Peter made a brief opening speech, and then raised his hand to signal to the square.

The students below also began to listen with great interest, and some even took out their small notebooks, preparing to memorize key points.

They thought, maybe they can save their pocket money, buy a lot of stocks, and maybe earn a Christmas gift for their girlfriends.

And the few reporters who were present today also felt that the trip was worthwhile: this kind of controversial topic is the most suitable for news.

What's more, none of those sitting on the stage are famous, of course, except for the little guy named Mountain.

Soros, Buffett, Dalio, Rogers, these crocodiles, usually want to interview them, they spend hundreds of thousands of dollars every minute, and they have no time to talk to you.

Dalio was the first to speak. He is the founder of Bridgewater Fund. He has always wanted to build his own trading decision-making system, just like the unique cheats in martial arts novels, and he is a representative of academic technology.

Dalio unhurriedly sorted out a few pages: "I have a survey report here, in the form of a questionnaire."

"On January 1 of this year, the Dow Jones Industrial Average fell 23 points and then rose 115 points. We can call it a flash crash."

"However, in the questionnaire I organized later, only [-]% of the [-] stockholders who chose words such as 'fear', 'falling', and 'stock crash' chose how they felt about the market on that day."

"As for those who chose words such as 'profit', 'crazy', and 'increasing positions', 90.00% of the votes were used, and the remaining [-]% were invalid votes."

Dalio showed these sets of data on a slide, and then said: "What does this show? It shows that stockholders are very optimistic about the stock market. They believe in the market and will never follow suit and sell stocks."

He finally concluded: "Without a large-scale sell-off, the so-called big stock market crash is of course impossible."

Immediately there was warm applause below. As the saying goes, without investigation, there is no right to speak. This Mr. Dalio speaks with data instead of the so-called "prediction", which is still very convincing.

Rogers, who was sitting opposite Dalio, looked at Liu Qingshan with a smile: "Man, how are you going to refute him?"

Since they are partners fighting side by side, they are of course buddies. Of course, Rogers will not despise Liu Qingshan because of his age.

Liu Qingshan shook his head: "Time will tell everything."

Anyway, there is less than a week before the stock market crash.

"Time is indeed the best answer, but we should still say something, otherwise, we won't be able to step down."

Rogers simply picked up Liu Qingshan's thesis, flipped through a few pages, found a passage in it and read it:

"Here is a paper by Mr. Mountain, and I am making a small excerpt."

"From a psychological point of view, people generally have a herd mentality. When the stock market soars, people will frantically invest money in it."

"Similarly, when the stock market plummets, panic will spread like a plague, and everyone just wants to throw away."

"This kind of investment psychology, we can tentatively call it the herd effect. Wherever the leading sheep goes, the following sheep will follow."

"So Mr. Dalio's questionnaire, although true, may not be effective."

Rogers gently closed the paper, and raised it in his hand, looking very satisfied.

The students in the audience also made low voices of discussion, the herd effect is not popular at the moment, so everyone felt very novel after listening to it.

Many people conceive a group of sheep in their minds, walking aimlessly on the grassland, being led east by the head sheep for a while, and then north by the head sheep for a while, the picture is really funny.

But it is very vivid. Under the hint of herd mentality, aren't those stockholders like a group of mindless sheep?

And Soros Buffett and others sitting in front are the leaders, aren't they?

Obviously, the three people on Soros' side were also aware of this problem. The three looked at each other and shrugged their shoulders.

Soros still had a childlike innocence, bleating, and the atmosphere in the lecture hall was much more relaxed.

At this time, Buffett spoke to Rogers: "Jim, Mr. Mountain's paper sounds very good, can you show me?"

"No, I can give you a copy when the debate is over, but for now, it's my weapon." Rogers said half-jokingly.

He really valued this thesis, it was the feeling that Yu Boya met Zhong Ziqi.

Buffett nodded: "Well, I hope your weapon will not be detonated, otherwise..."

He didn't continue to give the answer, but those who study economics have all studied the great stock market crash in the United States in 1929, which triggered an economic crisis that lasted more than ten years, and its power is comparable to that of mushroom bombs.

Anyway, it was Buffett's turn to speak, and he continued: "What I want to talk about is the change in the stock trading model. As we all know, traditional stock trading is a special person on the trading board of the exchange. Write down the stock quotes in order."

"But after entering the 80s, all these were replaced by computers, which were more timely and faster, which undoubtedly made the stock market full of vitality."

"And with the popularization of personal computers, maybe a few years later, sitting in front of the computer at home, you can buy and sell stocks..."

Hearing this, Liu Qingshan was secretly convinced: a big bull is a big bull, and the prediction of the future is very accurate.

It's just that the current Buffett probably hasn't raised his realm to the realm of "I'm afraid when others are greedy, and I'm greedy when others are fearful".

Otherwise, by now he should be feeling the fear, not sitting here talking.

Buffett continued: "According to the powerful computing power of the computer, all risks in the stock market can be calculated in advance. For example, I designed automatic trading for the computer."

"When the stock price falls to the risk zone I set, it will be sold automatically. In this way, there is no risk..."

When the stock god finished his point of view, the students below naturally applauded sincerely.

This time, Rogers simply picked up Liu Qingshan's thesis, pretending to turn over a few pages: "Oh, this is a great arsenal, and you can always come up with the right weapon to fight back."

"Please listen to the discussion in this paragraph, which also refers to the application of computers."

"Oh, these professional data, in my opinion, is simply a book, I can only say the conclusion directly, Mr. Mountaine believes that the current computer speed is too slow, when there is too much data, it will be like a traffic jam on the road , causing a delay."

After Rogers finished reading, he smiled and looked at Liu Qingshan again: "In that case, I'm afraid I have to trouble Mr. Mountain to play that song "The Last of the Mohicans" again."

There was a burst of laughter from the audience, but many people were shaking their heads: they all knew the speed of the computer, how could there be a traffic jam?

Wall Street has been using computers for several years. People have only seen its convenience and speed, and there have been no traffic jams.

This Mr. Mountain is clearly an alarmist.

If Liu Qingshan hadn't been sitting on the stage and kept silent, I'm afraid that the people who greeted him would be full of boos.