The first and fourth floors of the bank are also the places where Jonas is most familiar with this bank, and he has to take Yannick or Hannah with him to enter and exit other places, only here, he is not blocked.

Jonas only visits the second and third floors once a year, and before Christmas, Hannah follows Yannick to congratulate the entire staff on the New Year.

The bank's vault, he only went down once when he was twelve years old, and he hadn't been down in the past few years.

In fact, there is nothing to look at, no matter how much gold and cash you have, it is not your own, and it will only make you upset when you look at it.

Jonas carried his school bag and waved to a familiar female employee poking her head out of the information department, and walked to Osberg's office without saying hello.

I really forgot the other person's name and didn't know what to call it.

The general manager's office is a suite of three rooms, the first is a secretary's room and reception room, the second is an office, the third is a lounge, and there is a toilet.

Osberg had two secretaries, one as an assistant who assisted him in his official business and the other as a minor secretary who was responsible for answering the telephone and housekeeping.

Seeing that Alpina, an assistant he was more familiar with, was not there, Jonas knew that Osberg was definitely not there either.

He said to the female secretary, Deepp, "Hello Deepp, can you please open the door to my grandmother's office for me?"

Deep, a woman in her thirties, has worked at Hoffman Bank for more than a decade, and Jonas attended her wedding. Her husband is a farmer, and the family's pasture has nearly twenty cherry trees, and Jonas was able to eat their cherries as a child.

She smiled and stood up and removed a bunch of keys from the wall behind her. "Lady Hannah goes to the vault, and every day when she comes, the first thing she does is to inspect the vault. ”

"It's a good habit. ”

Dipper glanced at his schoolbag and smiled, "It's also a good habit for you to love to learn." ”

Hannah's office is located across from Osberg's office, with a window facing Pilatus Street, and is similar in layout to Osberg's, except that there is a small room for the cloakroom.

Because Hannah is not in charge of specific business, and she does not have a special secretary, the reception room outside is hardly used.

Entering the main office, the interior seems to be decorated as if it has taken you back to thirty years ago, from the first time Jonas's grandfather renovated it, to the present, no structure has changed.

Almost a meter thick walls, double thick glass, sitting in the office, it is not possible to say that the sound is completely inaudible, but the room is very quiet inside.

"Jonas, would you like a cup of coffee?" Mr. Osberg got some Ethiopian Yirgachef coffee beans, and he asked Mr. Belpark to roast the washed Arabica beans in a light way, and it tasted great. ”

"Of course you have to try it, thank you. ”

Ethiopia is the home of coffee, and Yirgachefphen is the name of a small local town that has become synonymous with specialty coffee.

Washed coffee beans retain sugar and original flavor better than sun-dried coffee beans, which also represents a high price.

The coffee beans are lightly roasted and have a unique sweet aroma of lemon, floral and honey, with soft fruit acids and citrus notes, and a fresh and bright taste.

Moreover, drinking this kind of ground coffee, without adding milk or sugar, is definitely not comparable to the kind of coffee that hotels need to add milk and sugar or even blend.

Dipper nodded and went out, and Jonas looked around, and everywhere was spotless.

He nodded in satisfaction, his eyes looking at the bookcase behind his desk, which was full of books and photographs from his grandfather's past.

One of the photographs was taken when Jonas was eight years old and went out hunting with him for the first time.

Eight-year-old Jonas is carefree, laughing on his horse. His grandfather captured the photo, and he apparently loved it too, and kept it in the bookcase.

Sitting at Hannah's desk, the chair under him was the same one that Jonas's deceased grandfather used to sit.

On the desk, there are two of his grandfather's favorite photos, one of which is a single photo of his grandmother Hannah when she was young.

One is a family portrait taken when Jonas was 14 years old, after his grandfather died the following year.

After a moment's sigh, Jonas opened his bag and took out an English version of "Securities Analysis" written by Benjamin Graham.

As a beginner, he has read several books on economics and finance on the recommendation of Yannick, Osberg and school teachers.

After understanding what finance is and what is economic. After being able to combine some complex and seemingly unrelated social phenomena in daily life with a coherent thinking framework through the simple introduction in the book, and show a kind of economic imagination, Jonas needs to master a more professional analysis method.

With the experience of past lives, Jonas does not worry about the wrong direction of investment, and no one knows the world better than he does.

Then, it is particularly important to master the method of embodying the essence of this ability.

Investing may seem like a simple buying and selling, but it's not just about buying and selling.

Because at any time, investing is not as simple as buying a bottle of water and paying for it with one hand and delivering it with the other.

Complex formulas, functions, and calculations are the weakest and most basic skills of Jonas. If you can't even master these basic abilities, how can you convince others of your abilities?

You don't even know how to analyze yourself and how to operate, so how can you make money?

If you don't know the doorway, it's hard to say whether the amount of money is yours or not.

In many novels, it seems that as soon as he is reborn, he becomes an all-knowing and all-powerful god, investment is invincible, and when the tiger's body is shaken, everyone surrenders and bows down in front of him.

These can only be thought of.

Many people don't even understand the basic financial foundations, so they make tens or tens of billions of dollars by speculating in stocks, tens or tens of billions of dollars by speculating in foreign exchange, and even tens or tens of billions of dollars by speculating in futures, which is a joke.

Because there is a tipping point in any operation, for example, stocks, more than five percent become shareholders, and the operation must be restricted.

There are also many large markets that look big, but in fact there is very little room for maneuvering.

Apple's stock is worth hundreds of billions of dollars, but most of the outstanding shares in the market are in the hands of institutions. The stocks that are really in circulation are only deliberately circulated by institutions in the market, and there may not even be 0.1 percent.

If you want to buy more Apple shares in the market, it is simply impossible.

Speculating in foreign exchange, futures indexes, stock indexes, futures, only a small amount of retail investors can be bought and sold like stocks, but this is not buying and selling with the entire market, you are just buying and selling with the institution that opened an account.

Institutions only accept the fateful moves of these retail investors through the proportion of long and short orders in their hands, and these occupy a smaller share in the entire market.

The amount is large, and no institution will accept your direct sale.

Because the real futures index futures belong to trading rather than trading.

If you want to operate, you must first find an opponent and bet with the opponent through an investment guarantee agency.

No one bets with you, there is no transaction, and no matter how many short or long orders you open, you will not make a penny.

If the long and short orders you open do not conform to the market conditions, or even if they are in line with the market conditions, those institutions in the circle can use their advantages in intelligence, media, and public opinion to disrupt the market, and you will not be able to make up for your losses.

Although Jonas had not done finance in his previous life, his company relied on the international operations of the state-owned oil companies and had seen them fight in the secondary market in London.

Each long, or short, position is carefully calculated to adjust the balance of the company's profits in the spot market and the futures market.

Any futures contract or options contract that goes against the market conditions is unlikely to end well.

For example, if you go long when the price falls, and short when the price rises, even if such a reversal has occurred in the original history, however, the contract you opened has triggered a butterfly effect, and the institutions that dare to bet against you only need simple operations to affect the results.

The collapse of the Bank of Baring, the world's first commercial bank, in '95 is a striking example of bucking the trend.

The Bank of Bahrain is bullish on the economic recovery of Dongying and buys a large number of Nikkei 225 futures contracts and call options.

However, the Kansai earthquake affected the economic recovery. They remained bullish in the aftermath of the earthquake and hoped that financial markets would recover.

However, they attracted a pack of wolves.

Dongying's economy is indeed recovering, but the other party only slowed down the recovery a little and controlled the decline of Nikkei, and directly let the Bank of Bahrain blow up.

A bank that was more than 200 years old collapsed because of a loss of $1.4 billion.

And there are still many people who can't tell the difference between the volume of market circulation and the volume of capacity.

The world's largest futures and options market is London, with trillions of dollars in circulation every day, but this is the volume of money in circulation.

It's like if you have $10,000 and you do it 100 times today, that's $1 million. A barrel of oil, when it changes hands two hundred times, becomes the volume of two hundred barrels of oil.

But in reality, the real circulating funds may only be a few billions, and the real circulating oil is only that of an oil tanker.

So those things that make tens of billions of dollars at every turn are impossible.

Moreover, countries around the world have short buying and short selling, but all of them prohibit naked short selling, especially in options and futures contracts, which are impossible to operate randomly.

Soros shorted the pound sterling, costing 20 billion, and it took half a year to make a game and earn 1.2 billion.

It's like in the novel, just buy short and make hundreds of billions.

Excuse me, who will pay you this money?

As for his shorting in Southeast Asia, he was also meticulous and thoughtful, and his investment in Thai baht was not small at the beginning. When everything is ready, he can force the Thai government to bail out the market, and the funds for the rescue are his profits.

It is impossible to simply sell short naked, and only in the small transactions between retail investors and institutions, there are retail investors naked short selling, but that is because institutions help retail investors to bear the legal circumvention of the law.

Because retail short selling is just to help institutions adjust the risk of the contract in their hands, when they are really at risk, they will never accept naked short selling by retail investors.

In his previous life, Jonas knew this, but he didn't know how to do it, and he lacked knowledge in this area.

Now I know the future development of the market, but I don't know how to make money safely. Then, only learning is king.