"The U.S. stock market crash in 1907, the U.S. stock market crash in 1929, and the ...... 1987 1998…… 2008…… This is a famous crash in history, and some academic economists believe that if the policy is right, it will be able to control the economy. ”

"As a result, they were so wrong that some ideas that only exist in assumptions and models cannot be applied in practice."

"Of course, they must think that the policy is fine."

"So in 2008, the people of country M paid the price."

"Bankers and investment tycoons are doing things that harm investors, and at the same time claiming that investors are God, and there is no way to save them after the matter is exposed, and then let the government wipe their butts, and of course the government will come to harvest the people."

"And some charlatans think that they can create a lot of techniques about making money in the stock market by understanding history, and have published a lot of books on technical analysis, but there are still many people to buy, you see our Huaxia country, as long as it is about technical analysis, it will sell better, and more economists put forward the theory of a 10-year stock market bull market, I don't need to say much."

"If the technology in the book can make money in a place like the stock market, where it can't be predicted, then why did he publish the book? I got rich earlier, which is obviously a contradiction. Stockholders hold technical analysis in their hands like religious believers hold the Bible. ”

"The result? 7 out of 10 lose, 2 draw, 1 earn, this one earns, may be luck, may be insider information, or pay special attention to fundamentals, but none of them have anything to do with technical analysis. The graphics only represent the past, and the future depends on the company's moat and the ability of the person at the helm. ”

Professor Huang said a lot in one breath in the classroom, but the students were listening attentively and did not want to miss a detail.

After listening to what Professor Huang said, Lin Shi suddenly felt that the experience of practical operators was far more important than that in financial textbooks.

At this time, a student raised his hand and asked, "If we can't judge the rise and fall of the stock market, then how can some of us ordinary people make money in the stock market?" ”

"Okay, this question must be everyone's question as well," Professor Huang replied seriously.

"As I said before, it's hard to make money in the stock market with both graphs and timeframes, and even if you do, who's to say it's not luck? You know, if there are enough monkeys sitting on the typewriter, Shakespeare can also be born, of course, among the monkeys. ”

As soon as the professor finished speaking, the audience burst into laughter, and waited until the laughter was quieter.

The professor continued: "If you want to make quick money, you only need to be able to notice the greed of human nature, whether it is prosperity or collapse, greed is everywhere, and the whole world financial history is like a serial. ”

"You have to recognize the deception, get involved and get out of the way before anyone else reacts. This sounds quite difficult, but it is not difficult to find that the victims in Ponzi schemes are greedy, but there are also people who only participate in part of the process and cash out before they collapse. It's not that hard to identify greed and scams, just familiarize yourself with the nature of things. ”

"Of course, if you want to make a lot of money steadily, then you have to change the perspective that is polluted by technical analysis, which is a combination of accounting and annual reporting, which is called the fundamental method in some books."

"There is also a solid value analysis method, in layman's terms, it is value investment, something worth 10,000 is bought for 5,000, and then sold after the value returns, this method requires a lot of financial report analysis to judge, and must be particularly familiar with the company's strategy, industry, products, and consumers in order to make the right judgment."

"Of course, Huaxia's stock market, if you have money, you can basically manipulate it, as long as the time cycle is long enough, and the number of short-term operations is a little less."

"Basically, there is no problem, they are the makers of graphics, and shareholders like to look at graphics, so they create graphics that shareholders think are right, and then wait for shareholders to take the bait, and when shareholders react, they have long been cut off as leeks."

As soon as the professor finished speaking, the bell rang for the end of class, and the students took the prepared books to the next classroom to prepare for class.

"Prestigious schools are annoying, even the rest time after class is so short, if it weren't for the lack of classes, I would have gone to another university a long time ago." Some of the girls complained.

"How? Boy, can you learn something from me? Professor Huang said with a smile.

"As the honorary president of the Huaxia National Economic Academy, I dare not say that you are not, but your words have indeed expanded my horizons in finance."

Lin Shi replied. At the same time, he was very puzzled why so many students asked him this question

Professor Huang, formerly known as Huang Youguang, is a professor at the University of Cambridge, who has published influential papers on the economy and the stock market, appeared in academic newspapers more than a dozen times, worked Wall Street, worked as a fund manager and an investment consultant, and it is said that the fund he managed has increased sevenfold in eight years before returning to China to teach.

Lin Shi didn't think too much about it, because he still had work to do, after graduating from high school.

Lin Shi did not choose to go to college, but obtained the securities qualification to become a securities broker, and at the same time paid his girlfriend's college tuition.

Came to the Dongfang Securities Building, which is where Lin Shi works every day.

As soon as you enter the door, you can see hundreds of people on the phone, and the scene is as noisy as a vegetable market, with stockbrokers calling customers to promote stocks, funds, or stock recommendations

Buy for a month. The so-called stock market experts will recommend stocks, and the ups and downs are of course borne by the customer

Lin Shi knows that no matter what, most customers will still lose money.

"Lin Shi, do you know, I read a book about the history of finance yesterday." When Wu Hong saw Lin Shi coming, he immediately spoke.

"Oh? What is your name? Lin Shi asked with interest.

"The name is 'The Inescapable Economic Cycle', which briefly explains the famous irrational financial events in history, the most talked about of which is the Dutch tulip bubble."

"If you go back in time to the Netherlands with a whole bunch of tulip bulbs now, especially sick bulbs."

You can marry a particularly beautiful girl and buy a lot of houses...... Although it still collapsed in the end, creating a large group of poor bastards. Wu Hongmei said with a fantasy of thought.

"So, how do you have a time machine?" Lin Shi directly poured a basin of cold water down.

"Why are you like this, I can't think about it!"

The one who talked to Lin Shi, named Wu Hong, sat next to Lin Shi's desk, and always liked to discuss stock issues with Lin Shi, and after a long time, Lin Shi got used to this particularly emotional wonder.

"Oh, by the way, Lin Shi, can you have time to talk to my client? I feel like no matter what I say, this customer just won't buy my product. Wu Hong said to Lin Shi with a wry smile.

"What is the personality of this customer, how is the style of speaking? Are you willing to buy? Lin Shi asked thoughtfully.