"As a result, when the researchers came back, only five of the 30 people in a kindergarten class resisted the temptation, and as the time and scope of this study lengthened, the researchers found that those who resisted the temptation basically achieved a certain status in society, while those who did not resist the temptation lived a dull life like everyone else." Lin Shidao.

"Aren't you talking about value investing? Resist the temptation to make short-term profits? Lu Yindong said.

"It's almost 100% anti-human in value investing, and there are 20% declines when you buy it, so you can only hold and wait." Lin Shi said with a smile.

"Buying and holding, it's easy to say, in fact, holding is the most difficult thing in stock trading, you have to strangle all the selling ideas that pop up at all times, and sometimes you don't know if it's the right idea."

"The most important thing is to evaluate the value of the company, if you think that a company is worth 30 billion, and the current market value is 20 billion, then you can buy it, and then sell it after the market value is exceeded." Lin Shi said.

"The method you said is not wrong at all, but many stocks in a market like China Securities will not experience value for decades, we are not Buffett after all, buy a company, force the company to pay dividends, or optimize financial data to improve performance, or merge other companies to make their stock prices rise, Buffett and then leverage to obtain huge profits from the secondary market." Zhou Yunmeng said, and then added: "After all, we make money for customers, if customers know that your fund can only make money after three years, then your fund will be all gone in a few months."

"It's no wonder that many institutional investors say that many famous investors lost money in the first three years before they became famous." Lin Shi knew the limitations of value investment in China Securities, the state and the media have been talking about value investment, but they have not told shareholders the correct way to value investment, and the shareholders think that what rises well is value investment, and what goes crazy is speculation.

"In fact, you can take a look at Joel Greenblatt's "Stock Market Genius", which tells how to invest through unusual special events and investment varieties, when special events such as spin-offs, mergers and acquisitions, bankruptcy, restructuring and other special events occur in listed companies, there are often investment opportunities that can make huge profits. This book is highly regarded by many investors, and the snowball at the end of this book later became the well-known Warren Buffett's snowball theory. Zhang Yuqian recommended a book by Lin Shi, and in order to make Lin Shi pay attention to his words, Zhang Yuqian added: "This person has earned forty percent a year in the stock market of country M, and it has lasted for twenty years!" ”

"Twenty years!" Lin Shi's breathing is slightly sluggish, and what is the concept of 40% yield for 20 years? Even if you only have a principal of 10,000 yuan at the beginning, after 20 years of continuous compounding, the final result is 8.36 million!

"Inspirational, right? Even if the initial principal is small, twenty years later it is still a huge profit, at least something that ordinary people can't earn after working for several lifetimes, but ...... Is it really that simple? The entire China Securities stock market has an annual compound interest of 40 percent, and it can be said that there is no one. Zhang Yuqian smiled.

"Wouldn't his book be ineffective?" Lin Shi questioned.

"The book is a good book, but the market environment is different, the stock market of country M is a perennial bull market, and when acquiring long and short acquirers, you can generally make a little profit, but in the China Securities stock market, you can ...... it" Zhang Yuqian touched her nose embarrassedly: "Even if your stock restructuring is opened, and the market is not good, let alone a price limit, it is good not to eat a down limit." ”

"It seems that the market environment is also an important part of investment." Lin Shi smiled bitterly.

"That said, but the stock analysis provided in this book is refreshing......"

"Okay, I'm going to look up this book online now."

"In the Huaxia stock market, there is nothing faster than asset restructuring and backdoor listing to make money, if you can understand the laws inside, the speed of making money will naturally become faster." Lu Yindong suggested. 、

"I think it's either luck or inside information that buys before the suspension, and as for understanding and predicting, forget it, a lot of the time it's luck." Lin Shi smiled bitterly, if it was really so easy, how could it be his turn or retail investors?

Just when Lu Yindong wanted to speak again, Xu Mu walked out while wiping the saliva from his mouth: "What time is it now, how do I feel that it is already night......

"It's only half past ten, so let's go back to sleep if you don't wake up." Zhang Yuqian looked at Xu Mu with strange eyes, she couldn't understand why she had a tissue and used her clothes to wipe the saliva on her mouth?

"Oh, well, you don't have to hand in the analysis report today, you can take a good rest." After speaking, Xu Mu went back to the office and fell asleep.

At this time, except for Zhang Yuqian, Lu Yindong and Ou Yingqian, everyone else was resting......

A news with only a few words was pushed out by the software: "Bitcoin rose 6% today, reaching a record high of 1426M yuan. ”

In 2008, the global financial crisis broke out, when someone published a paper under the pseudonym of "Satoshi Nakamoto", describing the model of Bitcoin, compared with fiat currency, Bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes, anyone may participate in the creation of Bitcoin, and can be circulated all over the world, can be bought and sold on any computer connected to the Internet, no matter where they are, anyone can mine, buy, sell or receive Bitcoin, And in the process of trading, outsiders cannot identify the user's identity information, and most importantly, it will not be controlled by financial institutions and central banks.

To use the Huamin coin analogy, Bitcoin is the serial number of Huamin, and if you know the serial number on a banknote, you own the banknote. The process of mining is to constantly seek the special solution of this equation through a huge amount of calculation, which is designed to have only 21 million special solutions, so the upper limit of Bitcoin is 21 million, so the recent surge in chips and the frenzy of shareholders for digital currencies have pushed Bitcoin to the altar and achieved many myths of wealth creation in the rise of digital currencies.

Some of them were idle and had nothing to dig bitcoin before, but now they basically don't have to worry about eating and drinking, and there is an uncle in country M who paid for a pizza with a price of 23M yuan with fifteen bitcoins, becoming the first wronged leader in the history of digital currency, and the rise in digital currency has indeed slapped many people in the face, but Lin Shi insists on being bearish on such an irrational prosperity.