The term "IT industry" has long been deeply rooted in people's minds, especially for shareholders.

In recent years, the NASDAQ index has been rising, which means trillions of dollars of capital inflow, and the faces of those who have made money are happy, and those who have not made money sigh.

Only a handful of people think: what if there is a stock market crash?

Su Mu is one of them, judging by various situations, he believes that if it continues to rise like this, it is likely that there will be a stock crash in the IT industry stocks, and the value of stocks is directly linked to the company's profits, and no type of stock will continue to rise.

Su Mu is more at ease with his own companies, he will take out those companies that he thinks have great prospects, and the future performance prospects are quite impressive, and their market value is already very high, but there is no chance to stabilize.

Looking at other companies, many companies in his opinion are completely speculative concepts to cheat money, without any basis to support high stock prices, such listed companies abound on the NASDAQ exchange, once a crash occurs, it will inevitably drag down his companies, how can you not worry.

After more than a decade of upward trend, investors have been thinking that "IT stocks are safe", and Prime Minister Major asked the key question, and investors have forgotten one thing, that is, their stocks do not generate profits other than increasing paper wealth, and it is difficult to outperform Treasury yields.

The original intention of American investors who are willing to invest in stocks is mainly the profit dividends that can be brought every quarter or month, and not every company is like Berkshire Hathaway, which can make compound interest investments without dividends, and also successfully bring high returns to investors.

The uncertainty of IT industry concept stocks is too great, and even Su Mu, who has hundreds of millions of users, is worried that the future profit prospects will not meet expectations, not to mention other Internet companies that are tinkering with some mess.

Recently, Su Mu has heard several news of R&D failures and broken capital chains, and in the case of unclear profit prospects, some companies have taken tens of millions of dollars of investors' money and come to OO Browser Company to advertise.

Of course, he is happy to make this money, but he can't help but feel that these guys are really good at burning money, and some people are simply nonsense, such as a website that develops a program to record the menstrual cycle time of women, and dares to say that it is going to be listed, and it can be recorded with paper and pen, so why use their products?

Of course, there are good companies, but there are even more bad companies, and the vast majority of investors do not distinguish between good and bad, which puts Silicon Valley in a very dangerous situation.

Su Mu tentatively gave advice, he told President Bush Sr.: "It just so happened that Prime Minister Major talked about it, and I was about to talk to you about it recently, the NASDAQ index is rising too fast, far beyond our expectations, I don't think it's a good thing, there is a bubble in it is quite serious!"

I'd suggest that the White House do something to calm down the frenetic market, and that it would rather fall a small amount in the short term than allow the bubble to continue to expand, or else there could be a very bad situation, and I don't think you want to see that happen. ”

Being a president does not necessarily understand the economy very well, this identity is more like the spokesperson of a country, the main decisions are planned by the members of the think tank, and then announced and implemented by the president, what to say, what not to say, even what color tie, what kind of leather shoes to wear, etc., there are special people to be responsible.

Seeing that Su Mu was not joking, and that the situation was quite serious, President Bush Sr. smiled and said: "I'll talk about this later, I'll have someone come over and ask you, those people on Wall Street didn't tell me that, they told me that the importance of the IT industry in the future will far exceed that of automobiles, steel and other markets, hahaha!"

President George H.W. Bush was laughing, Prime Minister Major was laughing, only Su Mu couldn't laugh, helpless because he was obviously so serious about his opinions, how could no one trust his judgment except for the people around him.

"It's going to rain, my mother is going to get married, let it go. Su Mu thought.

Anyway, it has been almost cashed out, and it can be sold before the signs of crisis really come, whether it is 40 billion or 10 billion, it represents a wealth that cannot be spent in this life, and if you are too lazy to worry about it, you may even get into trouble.

After eating and drinking, they went to the co-working building, which is the building in the shape of "Big Foot" that Su Mu asked someone to design a few years ago.

It has long been completed and put into use, and almost all of the companies he founded in Silicon Valley have moved their headquarters into it, and it is not good to use anyone's name, so he simply named it "Union", and Silicon Valley people prefer to call it Stinky Feet.

Su Mu personally acted as a tour guide, helping Prime Minister Major and President Bush Sr. introduce him one by one, and when he came to the office area in the northeast corner of the second floor, Prime Minister Major looked at the sign and asked in a daze: "E-wallet?"

"Yes, that's right, they've just developed a brand new program that I plan to use on my Maple Leaf e-shopping website. ”

Su Mu continued: "In the past, users bought things on shopping websites, mainly by paying the money to the shipping company, and then the USPS sent the money to us, which was very troublesome.

Now that e-banking has been launched, we have cooperated with more than 10 banks, and from next month, users can complete online payments through this app, and can use this e-wallet to make remittances and transfers, which is very convenient. ”

"Can you show me this? I don't seem to understand what it does. Prime Minister Major said.

An enthusiastic employee next to him immediately replied: "Of course, we are currently conducting the final test, it is not troublesome, the trouble is to ensure the safety of funds, we need to pay more attention to security issues." ”

"So we decided to cooperate with the insurance company, as long as the user pays a premium of three US dollars, we can provide up to a whole year of financial security services, if it is misappropriated funds, the insurance company can compensate up to 30,000 US dollars, in fact, it is still the electronic bank in the transfer, we belong to the middleman, from which a little fee is taken as a profit." ”

Sounding like a powerful look, Prime Minister Major said in a surprised tone: "Then won't I have to go to the bank to handle troublesome business in the future?"

"Yes, it's still available on weekends, and as long as you have an email and a computer, you can use it anywhere in the world......"

The idea of online payment appeared in Su Mu's mind more than ten years ago, and as the number of users of Maple Leaf's online shopping website continues to expand, the time is ripe to enter the market.

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