In the face of Professor Yan's inquiry, Chen Qiaoshan knew that he was going to suffer, and with his little knowledge of economics, there was no room for resistance in front of senior university professors.

Fortunately, Chen Qiaoshan was not completely unprepared, he had already prepared some rhetoric, as for whether he could fool the past, it all depended on luck.

Chen Qiaoshan said in a calm tone: "I am more interested in the stock market, and I usually like to watch some financial news, but I only found out that these two companies have problems by chance. ”

Professor Yan was noncommittal when he heard this, just glanced at Chen Qiaoshan and asked, "Are you trading stocks?"

Chen Qiaoshan nodded, there is nothing to hide, there are many young people who speculate in stocks these years, and there are also many investors younger than him.

He knew that Xu Xiang, known as the leader of the "Yongcheng Death Squad", entered the market with tens of thousands of yuan when he was fifteen years old, much earlier than Chen Qiaoshan.

Of course, there are family factors in this, the Xu family is a family to speculate in stocks, and Xu Xiang can be regarded as a family history.

Professor Yan had a little more exploration in his eyes, stared at Chen Qiaoshan and asked: "There are so many listed companies in Shanghai and Shenzhen, why did you just find that these two companies have problems, they are both located in the northwest, and there are still implications between the two companies, how did you notice, it can't really be just a coincidence, right?"

Chen Qiaoshan felt very irritable, and he was helpless in his heart, this question was really difficult to answer.

Could it be that he told Professor Yan that he knew that the hops collapse was the fuse of the collapse of the Delong system, and he needed to use the banner of the collapse of the Delong system to make a lot of money by the way, of course, he could only think about this idea in his head.

Chen Qiaoshan pondered for a moment and said: "The physical business of these two companies is very good, but the company's stock price has risen more than ten times, and there is a huge difference between the profit disclosed in the annual report, which attracted my attention." ”

Professor Yan immediately asked: "From an economic point of view, the stock price will not be directly affected by the company's profits or losses in the short term, and it depends more on the growth of the company's future performance.

Chen Qiaoshan was completely speechless, he couldn't help but slander in his heart, this old man has too many problems, he will definitely not be able to resist it if it goes on like this.

"It is not difficult to see from the annual reports disclosed by the two companies that their price-to-earnings ratios are too high, their net profit margins are too low, and their stock prices have been high for a long time, and there must be problems with this," he argued. ”

"I heard you're a freshman, right, you taught yourself economics?"

Chen Qiaoshan shook his head, he knew in his heart that this matter could not be talked about, or a few words would be allowed to reveal the stuffing.

Professor Yan smiled and said, "Then do you understand the asset-liability ratio, turnover ratio, and interest protection ratio?"

Chen Qiaoshan shook his head again, he had seen these words, but unfortunately the specific meaning was not clear.

Professor Yan said: "You don't even know the latest financial knowledge, can you understand the annual report of a listed company?"

Facing Professor Yan's questioning, Chen Qiaoshan felt very faceless.

These words were just an excuse he had prepared, and he didn't expect to be exposed by Professor Yan in person, but now he can't care about them, he has to find a way to make up for it, otherwise he will really be exposed if he asks again.

"Professor Yan, I don't think you need to understand economics to speculate in stocks, after all, most shareholders are ordinary people. ”

Chen Qiaoshan paused when he said this, and then organized the language in his heart before saying: "I just believe that no matter what good news there is in the market, the actual performance of the company is the key." ”

He breathed a sigh of relief and continued: "Saying a thousand words and ten thousand, the essence of a stock is a share, and some listed companies always use some meaningless benefits to fool shareholders, which is immoral." ”

Yan Zhijie was a little surprised, it was a complete accident to meet Chen Qiaoshan today, thinking of the news he saw on the Internet a few days ago, he thought about chatting with him out of curiosity, but he didn't expect that there was a bit of an unexpected gain.

Professor Yan thought of those things on the Internet, and he couldn't help asking, "Can I ask, why are you openly questioning these two companies?"

Chen Qiaoshan was stunned, this question was not unexpected, he said righteously: "I don't want them to continue to cheat shareholders out of their money!"

His words are high-sounding, and it is not his business whether others believe it or not, so let's fool the current level first.

Professor Yan smiled, glanced at Chen Qiaoshan with deep meaning, and then groaned a little before saying: "I don't know if there are problems with these two companies, but I know one thing, it is difficult to find any problems based on a single financial report." ”

Chen Qiaoshan was a little dumbfounded, and he didn't know what the old man was talking about.

Professor Yan saw his doubts and went on to explain: "The annual reports of listed companies have to be repeatedly reviewed by the securities department, finance and accounting firms, and it is difficult for even professionals to find out the problems. ”

The implication is very clear, that is, Chen Qiaoshan's previous explanation is not valid, and he can't even understand the financial report, let alone find out the problem from it.

"You are firing on the Internet with such a big move, do you have any conclusive evidence?"

Chen Qiaoshan suddenly felt his heart beating wildly, and he felt like he had been stripped naked for public display.

Although he was ready to be questioned and did a lot of homework for this, it felt really bad to be exposed in person.

Neither of them spoke again, and the scene was a little awkward for a while.

After a while, Professor Yan spoke: "I'm just a bad old man, let's just talk casually today, what's the matter, if you don't like it, just say nothing!"

Chen Qiaoshan breathed a sigh of relief, he could understand the meaning of the old man's words, and his heart couldn't help but be full of gratitude.

After a pause, Professor Yan said again: "Xiao Chen, you are very talented, but you still need to work hard, you must know that there are many talented people, but there are very few successful people, I hope you calm down and study, don't worry about other miscellaneous things!"

Chen Qiaoshan smiled bitterly in his heart, he knew that Professor Yan was kind, but he couldn't really let go of everything.

"Professor Yan, thank you for the reminder, I will pay attention to it in the future. ”

This sentence is not true, and the meaning is very clear if it is paid attention to rather than corrected.

Yan Zhijie frowned, he sighed slightly, today is also a whim, I don't want a good seedling to grow crooked, I thought that persuasion could play a role, but now it seems that there should be little hope.

Professor Yan stood up and patted the brick ash on his pants, looking a little lonely.

When people get old, they inevitably like to talk long and short, but young people may not like to listen, so it seems that they should talk less in the future.

Professor Yan glanced at Chen Qiaoshan, who stood up with him, and felt a little embarrassed in his heart, and persuaded him earnestly: "Xiao Chen, don't blame me for being verbose, I will rely on the old and sell the old again, there are indeed many flaws and loopholes in the current domestic economic environment, but there are some things that cannot be done casually!"

Chen Qiaoshan's heart was shocked, could it be that this old man saw through his intentions?

He couldn't help but glance up at Professor Yan, but seeing that the old man's eyes were calm, and he couldn't see anything else, Chen Qiaoshan was also a little confused for a while.

Professor Yan didn't wait for him to react, and said lightly: "I'll go first, you can think about it yourself!" After speaking, without waiting for Chen Qiaoshan to express his position, he turned around and left.

Chen Qiaoshan stood in place, watching Professor Yan slowly walk away, he couldn't help but feel a little dazed, he couldn't help but wonder if he had done something wrong, but after thinking about it, it was really too difficult to get ahead these years.

One has no money and two has no power, in the realm of Yanjing, how difficult it is to establish and develop.

Chen Qiaoshan wants to make achievements in the field of the Internet, but today's Internet is more than who can burn money, he knows the history of the future, but what can he do, he has no money and can only watch others perform.

Although Taobao has only been established for less than half a year, Mr. Ma has a check of $80 million written by Son in his pocket, and there are enemies such as eBay, Dangdang, and Amazon on the market.

04 Sina's UC, 05 giant's 51 hanging, and Microsoft's MSN all ended miserably, these are all lessons from the past.

Or build a school, but what can Chen Qiaoshan do to fight with Chen Yizhou?

This guy still has 4 million shares paid to him by Sohu in his pocket, and now Sohu's share has risen to $40, which is undoubtedly an astronomical amount, and I don't know how much it has risen from the original valuation of $30 million.

Chen Qiaoshan can see that today's era full of opportunities is already an era when money is king, and BBS has no money to buy servers, so it can only be chased around, this is the most real Internet world.

Chen Qiaoshan stayed quietly in Yannan Park for an afternoon, and didn't go anywhere, he just sat on the edge of a deserted old house and thought silently for a long time.