The two of them first went to the bedroom on the east side of the three-story building, which is Xiao Wanting's bedroom, which is really very luxurious, like a luxury business suite for five-star guests, with an independent bathroom, bathroom, cloakroom, a big double bed, a luxurious desk, a full-featured dresser, and even a small living room with a wine cooler, coffee machine and a set of tea drinking utensils.

Guo Yi is also a little looking forward to her room, after all, what she asks for is a Chinese style that is very different from Xiao Wanting. And Zhao Hong is the same, but he is a little puzzled by how to choose? It seems that no matter how he chooses, he is wrong!

Immediately, the two of them went to visit Guo Yi's room, which was indeed as beautiful as Guo Yi's imagination, and even far exceeded her expectations, only Zhao Hong's room was a little strange, it seemed to be a study and living room, why didn't there be a bedroom? Zhao Hong didn't think of an answer for a while.

The two of them went to Guo Yi's bedroom, washed up briefly, and then rested.

After resting for dinner, the two of them got up, but neither of them actually fell asleep. Although my body is sleepy, I have already slept after all, but my body's inherent biological clock still feels a little sleepy. After the two of them rested with their eyes closed for about an hour, the sleepiness in their bodies was basically gone.

Then it was dinner, and then I chatted with Jack, the sea, and the creek who returned from elementary school, and the children went to study again, and the two grandfathers were still supervisors, and the children's education was almost nothing about Zhao Hong, Guo Yi and Xiao Wanting, according to them, "You should be busy with your career! Of course, the children's education depends on us! It turns out that our education is actually good!"

And the two grandfathers seem to have some competitor taste, Jack's excellence has not only become the pride of Guo Yi's parents, but also urged the grandparents of the sea and the creek to also begin to care about all aspects of their grandson, moral, intellectual, physical, aesthetic and labor all-round training, found their characteristics began to focus on training, but also strengthened education in thought, physical fitness is even more casual, every day also began to run and swim, fortunately now there is a small garden at home to exercise, and there is even a swimming pool that is not too small。 The children were very happy at first, but after a while they got a little tired, and after a while they started to get used to it again, and finally Jack was forced to get involved in exercising.

The three of them went to the study in the middle of the three-story building, the first thing was the preparation before the meeting, Guo Yi made tea with hot water, and Xiao Wanting began to turn on the computer and projector in the room. Then Xiao Wanting began a brief introduction to Nashi, where the network high-tech company in country M is located.

"The dot-com bubble is thought to have started in 1995, marked by Netscape's IPO on August 9, 1995. Netscape invented browser software, which made it easier to use the Internet by allowing content on the Internet to appear on computer screens in the form of images. Netscape's stock opened at $28, and after only a minute of opening, the stock price rushed to $70, reaching a high of $75 on the day and closing at $56. Jim Clark, the founder of Netscape, owns 20% of the company's stock and has a net worth of $500 million on its first day of trading. Netscape's successful IPO revealed a way to get rich by owning technology, especially those related to the Internet. By setting up a company, selling the share price of the company can bring you a decent profit, even if the company is not currently making a profit. All this has attracted the attention of Wall Street and Silicon Valley. , sparked a frenzied, incredible investment frenzy.

After Netscape, a large number of Internet companies have emerged, including many well-known companies, such as Yahoo and Amazon. com, ebvan, eBay, Google, etc. Netscape's IPO records continue to be broken, with companies like Akamai Technologies, Red Hat Softare, and VA Linux seeing their shares rise 5x or 6x on their first day of trading.

The get-rich-riches effect of the dot-com companies has made venture capitalists and ordinary investors alike rush to invest their money in this new technology and Internet company, even if the company is not profitable at all, and in their view, owning a website is like owning a cash cow. In the late '90s and early 2000s, internet-based companies and websites sprung up like mushrooms after a rain, fueled by venture capital. The companies and websites are telling new concepts and business models, the business plans are ambitious and eye-catching, and the founders of the companies and websites envision themselves as the next Bill. Gates, investors are afraid of missing out on companies like Microsoft and Netscape. As for whether these business plans are feasible, few investors think about this question, and venture capitalists are not concerned with specific business operations, they are only concerned with how to take the business operation public and get a quick return.

In fact, most companies and websites have a single business model, they get a huge amount of start-up capital from venture capitalists, spend a lot of money on advertising and marketing, in order to build their brand and accumulate customers, and then they want to rely on network effects to recoup costs by charging for services. These business models do not have a solid foundation and do not stand up to scrutiny, but fanatical venture capitalists and investors continue to invest large amounts of money in newly launched enterprises and into listed high-tech companies. Stocks of high-tech companies continued to rise, and from 1995 to March 2000, the Nasdaq index doubled sixfold, and the bubble phenomenon was very serious......"

Some pictures and some information continue to appear on the projector, and Xiao Wanting also continues to introduce the company's summary of the market economy. It's all very "hindsight" ideas, and it's still inconclusive. But after all, this is a more detailed statement, especially for Guo Yi, it is still very useful to know the general situation. However, there is not much guidance for the actual operation.

After the introduction, both of them looked at him, hoping that he would make a plan for the next step. They don't know how long this situation will last in the future and in which direction the group company should develop.

After all, people don't see it yet. What will the future look like? And this is exactly what he is good at, he has always been in the general direction of the judgment has not been wrong, and this is also the basis for the rapid development of Zhao Song Group.

Zhao Hong thought about it, and still told them some views and ideas about the future. This is also the view and summary of some so-called experts in later generations after the bursting of the bubble economy.

"We can use Cisco and Amazon as examples to illustrate the level of irrationality at that time. Cisco went public in January 1995 at an issue price of $1.85, and it took just over five years for Cisco's stock to rise from $1.85 to $77.31, a 42-fold increase, with a triple-digit price-to-earnings ratio and a total market capitalization of nearly $600 billion. According to surveys of investors at the time, expectations for future stock returns ranged from 15 to 25 percent per year, and some were even higher, as the stock market had generated returns of more than 18 percent per year since 1982. For some of the pillars of the Internet, such as Cisco, Microsoft, etc., investors feel that a return of 15% per year is an insult. Even if we assume that Cisco will grow at 15 percent per year for the next 25 years, and the economy of country M will grow at a rate of 6 percent? Cisco will be larger than the economy of country M as a whole! The bubble is obvious, and there is not the slightest correlation between the stock price and the company's growth expectations. So, when the bubble bursts, even for a blue-chip stock like Cisco, the stock price should be cut in half and then in half, and then in half. Therefore, if the investor is not rational enough and buys Cisco stock, then he may not be able to solve the trap in ten or even decades.

And Amazon's stock has risen to a dizzying level. Amazon's stock was listed at $1.5, but it took just over two years for the stock to rise 57-fold from $1.5 to $86. Although Amazon's income from selling books is relatively limited and its losses are huge, his market value has exceeded the combined market value of the two largest booksellers in the United States.

In 1993, while studying for a Ph.D. at Stanford University, Yang Zhiyuan founded the Yahoo Search website, which was designed for Internet users to search for the URLs they needed. In 1995, Yahoo was officially launched, and Yang positioned it as a new "medium" that offered free search services and real-time news to attract advertisers. In 1998, Yahoo had a total revenue of $203 million and a total profit of $25 million. By 1999, Yahoo's stock market value had reached nearly $38 billion, surpassing that of Boeing......, an established giant in the aircraft manufacturing industry.

Guo Yi and Xiao Wanting listened very carefully to Zhao Hong's story, this is the situation seen from another angle. Have they ever been so irrational? They have also begun to think about the problems that they must pay attention to in the future.

Xiao Wanting asked a little anxiously, "Then when will this situation end?" My brother's market value of their company has shrunk by less than half, will it fall a lot?"

Looking at her somewhat excited expression, Zhao Hong still nodded, facts are facts, this is not a "white lie". Of course, it may rise back in the future, but it has been a long time.

Guo Yi asked with some curiosity, "So where will the opportunities be in the future?" It stands to reason that where did you come from, where did you go back, from the low to the high, and of course you should be able to go back if you fall to the bottom?"

Zhao Hong looked at Xiao Wanting's eager gaze and said with a smile, "That's an ideal model." Half of the waist is cut in half, and it has fallen a lot, but it still falls by half to the floor price, and when the heart is full of pressure, it will continue to fall until hell!

They are all a little angry, but this is the reality is a skinny feeling! No one can change the fact, and only by facing the gloom can we meet the light and move towards a successful future!