After a few pleasantries, a few people sat down, and after the waiter brought a few cups of tea, everyone officially chatted, but the topic did not start there.

"Joe, I just heard from Professor Qian that you actually refuted Professor Li's paper?" Paulson asked curiously.

Although Chen Qiaoshan doesn't mind showing his face, in front of this, he still has to try his best to maintain the face of domestic scholars.

In this era, the domestic economy has finally begun to synchronize with the international community, but the problem is in front of us, there are only a handful of economists who can stand up for China in the international academic community, and even fewer can go to the trade negotiation table.

As far as Chen Qiaoshan knows, there are only a few people such as Yao Yang, Yu Yongding, Bai Chongen, Li Daokui and Fan Gang, and other economists who have some academic influence in the world are either radical in their thinking or go abroad to pursue high school, and most of the rest are just buried in the pile of old papers, and there are really few who are really willing to put down the shelf and go to the Americans.

Chen Qiaoshan knew that the bigwig in the American financial circles in front of him was a China expert, and in a few years he would become the main enemy of domestic foreign trade, so he naturally had to maintain the reputation of a domestic scholar.

"Mr. Paulson, this may not be accurate, but I just happened to find a small mistake on Professor Lee's part. ”

"Little mistake?" said Paulson, visibly skeptical.

Chen Qiaoshan sighed in his heart, the feeling of helping people wipe their butts was really unpleasant, but thinking of the upcoming round of Sino-US trade tug-of-war in a few years, he didn't want to add any variables to the middle, so he had to say: "Mr. Paulson, we all know that finance needs to think rationally, quantitative models are very important, if the data is insufficient, the problem will be difficult to quantify, and logical reasoning must be used at this time." ”

After a pause, Chen Qiaoshan continued: "The conclusion is the only one, but there is a lot of evidence, which requires scholars to make trade-offs based on instinct, and I believe that Professor Li just happened to choose a flawed evidence." ”

Paulson shrugged, "You are Professor Mankiw's point of view, and as far as I know, Professor Lee is a big believer in Keynesianism, just like Professor Mankiw. ”

Chen Qiaoshan is very helpless, this is really a China expert, as a pivotal boss in the global financial field, he has such a clear understanding of domestic scholars, no wonder he will choose to enter the political arena in a few years.

"It doesn't matter which doctrine you want to make, for example, to improve the return on investment, you can reduce costs or improve asset utilization, although the means are different, but the results are the same. ”

"Well, I'll admit, you do have a point, it seems that you are very financially gifted!" Paulson nodded.

Chen Qiaoshan was a little confused, where did he start?

Professor Qian said with a smile: "I also agree with this point of view, the name of Peking University Qiaoshan is not small, even my lover and daughter have heard of it." ”

Chen Qiaoshan just smiled, he knew that he was two pounds, a scholar and a financier in front of him, neither of which was easy to deal with, after thinking about it, he simply asked directly: "Mr. Paulson, I don't know what you are doing with me today?"

Paulson's expression was a little more serious: "Joe, Goldman Sachs is the world's most professional financial group, and we always put the interests of our customers first, but not long ago, we received complaints from customers. ”

Chen Qiaoshan was a little inexplicable, this had something to do with him, could he come to him, he said directly: "I don't understand the meaning of your words." ”

Paulson laughed, "I'm sure now that you really have nothing to do with it, but I'm curious, how did you get your financial knowledge, I heard you just got into college?"

"Mr. Paulson, one of my teachers once told me that I have a strong intuition about economics, and I think so myself. ”

Paulson and Professor Qian were both stunned, but Yan Xiaoqin laughed "poof", she really couldn't stand Chen Qiaoshan's cheekiness, just talk about it in front of herself, is it appropriate to praise herself so much on this occasion now?

But soon, Yan Xiaoqin stopped laughing, after all, he was his boyfriend, and he was a little embarrassed, but Paulson and Professor Qian both had smiles on their faces.

"Is this a joke?" Paulson asked with a laugh.

Chen Qiaoshan did not return to this question, he has already found out the clue, among the companies he has bombarded, there are only a handful of companies that can be related to Goldman Sachs, Delong has collapsed, it is naturally impossible to complain, then there is only one possibility, Lenovo.

If you think about it, this is really possible, Goldman Sachs is the world's most well-known consulting and financial service provider, and Lenovo's acquisition of IBM is imminent, so it is normal to find Goldman Sachs.

Chen Qiaoshan pinched Li Su some time ago, and almost blew up the fund-raising plan in the Lenovo acquisition that he knew in his head, and now that he thinks about it, that plan is likely to come from Goldman Sachs, Lenovo suspects that the news is leaking, and it is normal to complain.

Thinking about the key inside, Chen Qiaoshan finally understood why he received an invitation to the dinner, which was Professor Yan's recommendation, it was obviously trouble to find the door.

This matter is not big or small, and there is no need to hide it.

Chen Qiaoshan simply said directly: "Mr. Paulson, you came to me today because of Lenovo, right?"

Everyone in the room was stunned, and no one knew how the topic suddenly came to Lenovo.

Paulson's face flashed with a strange color, he didn't expect that in the blink of an eye, the young man opposite would directly reveal his intentions.

"Joe, you should know that I can't go back to this kind of question, which is that the 14 business principles of Goldman Sachs are inexcusable for violating the principle of confidentiality or using confidential information improperly or recklessly. ”

Professor Qian didn't have any special reaction, he didn't know what these two people had to do with Lenovo, and he didn't particularly care about the inside story.

Yan Xiaoqin paid attention to the conversation between the two like a curious baby, but she was not in a hurry, she would just ask in private, and it was impossible for him to hide it from him.

Chen Qiaoshan snorted, I am here to talk about the principle of confidentiality, when has Goldman Sachs done less insider trading, but he will not expose it in front of others, which is very unwise.

"Well, Mr. Paulson, I think we can close this topic. ”

Paulson said, "Joe, it's really nice to see you, it was King who came to meet you today, and I think he will be sorry to know in the future." ”

Chen Qiaoshan was a little puzzled, who was King? Professor Qian saw his confusion and explained, "Your senior brother, Cai Jinyong. ”

Chen Qiaoshan suddenly knew that this person was also from Peking University, a well-known financial alumnus, and the current head of Goldman Sachs Asia, and his influence should not be underestimated.

"Mr. Paulson, the world is small, and we will meet sooner or later, and there is no hurry. ”

Paulson smiled and asked, "Joe, I heard KING mention you, and he said that you posted on the Internet advocating value investing in the stock market, right?"

Chen Qiaoshan said: "To be precise, I only partially agree with this view. ”

"Why?" Professor Qian asked suddenly.

"From the 40s of the last century to the present, according to the three-factor model created by Eugene Fama, the average annual return is more than 5%, but most people have selectively ignored the cyclical factors of the economy, and there is another problem, after the financial crisis, loose monetary policy will lead to a weak stock market, and then value investing is very weak. ”

Everyone looked and thought, and the room seemed a little silent for a while.

In this era, value investing is very popular, and Warren Buffett is known for value investing, but his value theory is very different from the Eugene-Fama three-factor model.

Chen Qiaoshan couldn't help but be secretly proud, this is the benefit of foresight, if his statement is verified in the future, it will not go wrong, but he doesn't know, this set of statements is very consistent with an internal research report of Goldman Sachs.

Paulson stared at him, looked at him several times, and then said, "Joe, I agree with you. ”

Of course, Paulson doesn't explain which point he agrees with.

Chen Qiaoshan didn't care, in his opinion, this was just a scene.

A few more small talks, and the meeting ended.

Sending the two bigwigs away first, Chen Qiaoshan took Yan Xiaoqin out of the house, the room temperature seemed to be several degrees lower, and when he came out of the warm room, he suddenly sobered up a little.

Chen Qiaoshan knew in his heart that tonight was just a scenery on the road of life for him, and he would never reach the achievements of Paulson or Professor Qian in their respective fields, but he was not frustrated at all.

After all, people are different, and Chen Qiaoshan knows that his path is doomed.

"Why are you stunned, let's go, aren't you cold?" Yan Xiaoqin said in his ear.

"It's okay. ”

"Hey, I didn't expect you to be able to fool even the American devils. ”

Chen Qiaoshan was a little surprised, "How did I find out, why are you still an angry young man?"

"What is Angry Qing?" Yan Xiaoqin was a little curious.

"Angry youth!" Chen Qiaoshan thought for a while and said with a smile: "Struggling young man." ”

Okay, Yan Xiaoqin was fooled like this, as for what to do in the future, I will talk about it later.