"Are you from Huaxia? What is the Chinese name?" Yang Zhengrui suddenly heard someone ask himself in Chinese, and couldn't help but be stunned, raised his head, but saw a young man with an Asian face sitting at the farthest end of the conference table, looking very familiar.

Hearing the standard Mandarin, Yang Zhengrui was a little surprised, nodded, and said in Chinese: "Yes, my Chinese name is Yang Zhengrui, a native of Jiangxia." ”

After speaking, Yang Zhengrui realized that the position where this young man who looked familiar was actually the main seat in the rightful position, and Frank Kefen, the managing director of Cowys, and Donna Robinson, the chief risk control officer, were sitting at the ends of the two sides.

Could it be that this young Asian who can speak Chinese has a higher position than Bellankefen? Even if Zhang Chen spoke to Yang Zhengrui in Chinese, Yang Zhengrui still did not dare to confirm that Zhang Chen was a Chinese.

Needless to say, now, even twenty years later, Wall Street is still a white man's world.

It is often said that Wall Street is the world of the Jews. This sentence is half true, it should be said that Wall Street is the world of Jews and Anglo-Saxons.

Even at the grassroots level such as traders and assistant analysts, there are not many other races, and Chinese are even rarer on Wall Street, and it is almost impossible to break through the glass ceiling and rely on promotion to enter the decision-making level.

"The jade flute is played in the Yellow Crane Tower, and the plum blossoms fall in May in Jiangcheng. Although there are no plum blossoms in Jiangxia in May, the cherry blossoms of Wuhan University are still beautiful in March every year. Zhang Chen saw Yang Zhengrui's nervousness, plus they were all Chinese, so it was rare to say a few more words. Clive couldn't help but look at Bellankefin, and the two looked at each other, understanding each other.

Yang Zhengrui is indeed a lot more relaxed, "I graduated from Wuhan University." ”

Zhang Chen smiled, turned back to English and said, "You did this strategy analysis?"

Yang Zhengrui raised his spirit, "Yes, it was just done in the early hours of this morning, and the time is too tight, and there may be some places that are not too rigorous and some mistakes." ”

Zhang Chen flipped through Yang Zhengrui's analysis report, "I saw that you listed another trading model in the report, which is specifically indicated to be applicable to the NASDAQ computer index, and claimed that you can get a 65% higher return than the NASDAQ computer index. ”

Yang Zhengrui breathed a sigh of relief, "That's right, this model is also what I just thought of in the early hours of this morning, when the stock price breaks through the middle line, the trading frequency will be reduced by 30%, XXXXXXXXXXX, and finally, by capturing the peak change of the stock on the 30th day, carry out arbitrage operations." ”

Donna Robinson, a middle-aged woman in her forties, wears a pair of Lindbergh glasses and smiles, "Do you know that the risk of your model has exceeded the threshold of risk rate? If you use this model to trade, there is a 75 percent chance of losing more than 15 percent in a year, and a loss of more than 30 percent is also more than 46 percent." ”

Yang Zhengrui chuckled in his heart, secretly regretting that he had nothing to do, and was about to explain that this was just an alternative model for facing extreme situations, but after a glance, he saw that the corners of Zhang Chen's mouth seemed to have a hint of a smile.

Yang Zhengrui said: "That's right, George gave me a stock selection plan, and I need to use this plan to make corresponding model analysis." This stock selection scheme is quite bold and focuses mainly on Internet companies in the Nasdaq 100 index, with AOL and Yahoo having a fairly high percentage. However, according to the model analysis made according to this stock selection plan, under the strict risk control, although the risk is 25% lower than the model I am providing now, and the risk ratio threshold is also exceeded, the expected return is only 226%. ”

"Of course, this is already a pretty impressive gain. But I don't think there's any need to take such a big risk if that's all there is to it. Therefore, in this model, I fine-tuned the stock selection plan, abandoned the data selection of multiple indicator resonance, and increased the tolerance of the system. ”

In this way, although the risk is greater than the previous plan, the expected return is more than 736 percent. At the same time, the 75% chance of losing money you just mentioned, at least 80% of which is weighted by the downside risk of more than 10 days in the Nasdaq Mutual Computer sector. ”

"But if the Nasdaq computer sector does crash, our original stock selection plan will be meaningless. So, it's a model that can maximize the benefits. Of course, I also admit that the risk is indeed higher than before due to the loss of liquidity. ”

Yang Zhengrui's meaning is very clear, that is, this stock selection plan is originally gambling, and it is better to gamble a big one than to gamble twice the return with high risk.

Zhang Chen thought for a while: "What do you think of the Internet sector?"

Yang Zhengrui's mind was confused, he hadn't paid attention to the Internet, but since Zhang Chen asked, Yang Zhengrui had no choice but to bite the bullet and say: "I do transaction analysis, and I don't know much about the Internet." But if you only look at the performance of stock indicators, you can't measure it with traditional indicators such as price-earnings ratios, and I think it's more of a bubble driven by speculation. ”

Speaking of which, seeing that Zhang Chen was noncommittal, Yang Zheng had a sharp idea, "Although it is driven by speculation, I think this bubble is far from bursting." ”

Zhang Chen was curious: "Oh?

Yang Zhengrui's mind turned sharply: "I studied fluid mechanics at MIT, and I came to Wall Street to become a halfway monk. In order to be able to enter Wall Street, I consulted a large number of economic materials and found that before all economic crises, there were serious bubbles, and before the bubble burst, it must go through one or several stages of rapid expansion before finally bursting. On the one hand, if there is a bubble in the Internet, then the bubble does not have a long time to expand, only a few months. On the other hand, I don't think there are enough people involved right now, and there isn't enough money. ”

Zhang Chen remained silent: "What do you say?"

Yang Zhengrui took a breath: "Every time before the bubble bursts, the people who participate in this bubble game may have reached 10% or more of the entire population, and the money involved may exceed 20% or more of the overall wealth of the society. At the end of the day, low-income, low-quality people who may not even have attended middle school are talking and participating enthusiastically, as happens every time before the bubble bursts. ”

"But right now, even I, a graduate student at MIT, know only a little bit about the Internet, and I don't have much to talk about the Internet except for a few computer enthusiasts. ”

Zhang Chen laughed, this Yang Zhengrui is clever, but in this era, people who can comprehend the sentence "When the grocery shopping aunt runs into the market, it is when the bubble is about to burst" is not something that can be done by just having an organic spirit. Now is not the era of information explosion in the future, even primary school students can talk about two sentences of investment scriptures, and most people in this era still have ardent and beautiful expectations for the future.

Coupled with the fact that the capitalist world has not had a major economic crisis for decades, many people have long forgotten what a bubble is.

Zhang Chen smiled and waved his hand, and Bellankefen's assistant Julia took the confused Yang Zhengrui out of the conference room.

"Hey, what's going on?" Yang Zhengrui had just come to the elevator hall when he saw George Cooper anxiously spinning in circles.

Yang Zheng scratched his head: "I don't know, I just let me explain the results of the analysis." However, there is a person who is particularly familiar, who seems to be a Chinese person, do you know who it is?"

"Huaxia?" said George Cooper.

"Zack Chang, our real boss, Cowyce's funder, founder of Matrix Computer, you haven't even heard of iCom, have you?" Clive's voice came from behind him, and with a snap a lighter ignited Davidoff between his fingers, "Richard, from now on, you don't have to do it in the analytics department. ”

Yang Zhengrui banged in his head and was expelled?

"Why?" asked Yang Zheng in a trembling voice.

"You go to Sara in a moment, go to the trading department and report, there is a trader vacancy in the second group, I think you can do it. By the way, you have a professional qualification, right?" Clive Kells patted Yang Zhengrui on the shoulder and spat out a puff of cigarette.

"What?trader?" Yang Zhengrui almost couldn't believe his ears, being able to be a formal trader in a fund company on Wall Street is all the elite of the elite, especially the Chinese, who look good at mathematics, so the Chinese people on Wall Street often work in the analysis post until they die, and there is no chance to become a trader.

Clive Kells wondered, "You don't want to be a full-fledged trader?"

Yang Zheng nodded sharply: "Yes! Of course I want to!"

Tomorrow will resume the double watch

(End of chapter)