"I'm afraid of bang." Gu Ao clapped lightly twice, and followed Song Yimin's words and said:

"It turns out that heroes have similar views, so Professor Fu, it's not that you can apply history at all times if you have read history.

Even if you know that ‘the same trick cannot be effective for Saint Seiya for the second time’, when it comes to the practical level, many people still vaguely cannot analyze whether a thing happened first or second time in a dynasty.

Sometimes inherent prejudice can easily make people blind, just like Confucian scholars blindly believe in the upright view of official history, and never thought about whether Emperor Wen of Han killed his nephew and usurped the throne. But of course, they thought that Zhu Yunwen should have substituted the variable number of Emperor Jing of Han rather than Emperor Shao of Hou.

If the security adviser around the president is a fool who will only cause trouble in Persia, like Maike Fulen. The Chinese have already taken a trick, but because of his ignorance, he told the president that the Chinese have never seen this trick. Then this fool will only make the president shame because of his reckless actions, destroy the relationship between the two countries in vain, and end up getting nothing."

Vogel Voe also had to fall into deep thought:

"Indeed, it is easy to know and difficult to do. Those who understand history may not be able to use history accurately. On the contrary, they sometimes learn from the wrong objects when learning from the situation. They should clearly learn from Zhu Yunwen, but they blindly be arrogant and learn from Emperor Jing of Han, and they will inevitably pay the price of underestimating the enemy. Such a destructive attempt is better than not doing anything well at the beginning."

Gu Ao comforted him: "You can't blame you. The history of Americans has never changed, so Americans lack vigilance. They are used to repeating games forever and speculating on other countries with their heartlessness.

I heard that some other historical research centers in Harvard have a historical view. I believe that Americans will have a strange and mysterious idea of ​​"80 years of national fortune and reincarnation theory". So I feel that the tricks used in the previous reincarnation will definitely heal after eighty years. The scar will forget the pain and can be re-torn and die once.

In 1781 you were fighting the War of Independence, in 1785 you won, and you established a country. This was the first eighty years, beginning;

In 1861, you broke out in the Civil War, in 1865, you won, you began to move the country from an agricultural country to an industrialization. This was the second eighty years, prosperous;

In 1941, you broke out in World War II, in 1945, you won, you feel that you have become the leader of the free world. This is the third eighty year, Sheng;

...

After all, if you don’t anesthetize yourself, ‘You can do those pits you have gone through again’, your brain will soon be insufficient. You haven’t changed your dynasty and kill all the RESET key to clear the memory that is preventing each other’s intrigue. You can only set up regular cleaning of memory fragments, and then pretend to forget everything.”

I won’t talk about the decline. Anyway, it’s far from 1987, so Vogel-Veu also doesn’t think there is anything hidden in Gu Ao’s words.

"Communicating with Mr. Gu really benefits a lot. It can be seen that Mr. Gu is a pragmatist, a pragmatist who looks at money. You neither love the United States nor China. You just hope that both parties will not engage in meaningless damage and friction that will delay your business."

"If you like to understand this, that's the best." Gu Ao smiled with a perfunctory expression in his heart, wishing the other party felt so.

It is enough for smart people to speak at this point.

Gu Ao stood up to see the guests and asked the bodyguard to drive the two great scholars back to the Plaza Hotel.

...

After dealing with a group of scholars and financial opinion figures, Gu Ao finally felt a little relieved.

Through these necessary social activities, he temporarily cleared his suspicion of Wang An's computer that he had planned to annex Wang An's computer.

At the same time, some vaccinations were also given to prevent Americans from being overly alert to capital related to China in the future and overly dragging Gu Ao down on his own career.

Of course, a moderate small-scale drag will be more or less. The world will not be calm all the time. How can business be smooth? No country will give you a green light.

The results of the interview between Gu Ao and the Wall Street Journal soon appeared in the newspaper.

Most of the shareholders of Wang An and Apple who privately transferred the conflicts and expanded the crackdown without telling Jobs. Their tricks were also eliminated.

Most technology industry stocks, which have not been risked by disruptive innovation in a few years, have kept up with the pace of the bull market after a brief adjustment in mid-to-late April.

However, Wang An, Apple and several old hard drive manufacturers had to endure the sluggishness in the bull market alone. The people on Wall Street were also happy to see the crackdown being limited, so they could accept it by giving up a few abandoned children with particularly obvious characteristics and educating retail investors.

In addition, in this process, in order to moderately distinguish himself, Gu Ao has never given up on his cooperation with Peterson of the Blackstone Fund.

Since three years ago, in order to force Zhang Zhongmou to get rid of Texas Instruments, Gu Ao and Peterson's Blackstone Fund have been making trouble on the Nasdaq of the US stock market.

After Texas Instruments cut off its own arm and Xiangji Electric was established, Gu Ao's funds were withdrawn by about half to build Xiangji Electric and other subsequent projects, but there was still 500 billion US dollars in capital, which could be idle or borrowed in the short term.

Although Gu Ao doesn't like speculation, there are no earth-shaking cases that can make money. (He was not a finance student in his previous life, so he doesn't remember the typical cases of individual stocks)

But Gu Ao would not let the money be idle. If there is nothing to do, he would automatically entrust it to Peterson.

Blackstone Fund was at least the same as in the history of the United States until the beginning of the 21st century. It was the kind of fund company that had nothing to do until the subprime mortgage crisis in 2008. You can always make money by putting it there and operating it carefully.

Under such circumstances, since Gu Ao had accused Wang Lie of the second half of last year and found an excuse to suppress and encircle Wang An's computer, he began to let Peterson target technology stocks.

Especially after McNamas talked to Gu Ao and asked him to write the book "The Dilemma of the Innovator". Gu Ao just started writing and realized that he could understand the causes and consequences of the 87 stock market crash-

In addition to the pullback caused by the bull market before, the 87 stock market crash was mainly because Americans "can't understand the awesome sustainability of technology stocks, so they overestimated the market value of technology stocks."

And after they finally learn their lessons and know how to read them, the stocks will inevitably return to rationality significantly. Of course, there is additional panic beyond the reasonable callback of "return to rationality".

This made Gu Ao feel that his controllability of stock market crashes has been strengthened a little more - as long as the public's misjudgment of technology stock models has not been exposed before the stock market crashes are exposed.

And when it is exposed, Gu Ao can influence it.

Therefore, although he cannot predict stock market crashes or postpone stock market crashes, he can appropriately advance stock market crashes.

As for how much advance, it depends entirely on the intensity and progress of media literacy.

Gu Ao's perception made Peterson and Blackstone Fund grasp the overall view. When entrusting funds, Gu Ao warned Peterson to help him keep an eye on companies that were similar to those of the Texas Instruments model they had studied at the time.

That is, the company that "is currently compressing R&D expenses, and will do better in the future financial reports, and its current main technology products will be several years away from the next generation of replacement, which will completely expose the hidden danger of lack of intergenerational competitiveness."

Since the fourth quarter of last year, if you see that such companies have a price-to-earnings ratio that has not been fully evaluated and digested, you will buy decisively and insist on holding in a bull market. Unless you find that their price-to-earnings ratio is fully estimated by the market, or that there is a possibility of early replacement of their products, you will maintain the mid-line holding and do not sell.

As for the specific evaluation work, it is left to professionals like Peterson to deal with it. Gu Ao only provides a grand strategy.

Such a combination model has very low requirements for foresight. Gu Ao is equivalent to an alternative Buffett-

Buffett is just an investor who "only invests in an industry that has a profound research and a thorough understanding of how to value". He is very awe-inspiring and knows how to stop when he is right and does not touch what he doesn't understand. So Buffett never invests in emerging technology stocks.

Gu Ao is also very awe-inspiring and can stop at it, but on the contrary, he only knows technology stocks best and only invests in technology stocks, without touching other traditional stocks that he doesn't quite understand.

He believes that at this critical moment in 1987, no one understands the structural bubble of technology stocks better than him.

Nowadays, as "The Innovator's Dilemma" is becoming more and more popular, Gu Ao feels that the information asymmetry is disappearing at a speed visible to the naked eye.

Therefore, he took care of Peterson as he could start reducing his position at a high level and gradually withdraw.

The first batch of Texas Instruments stocks that "cut down the R&D department, but there is no symptoms within two or three years" began to be sold one after another in late April and continued to increase their selling volume after May. Because the trading volume of the selling volume was over 100 million US dollars, it actually caused some fluctuations, but in the overall bull market of the US stock market, it was still completely absorbed.

Peterson estimated that throughout May, including a slight leverage of one or two times the amount of money that can be removed will be about 300 million to 400 million US dollars, and the net income may be more than 100 million.

For Gu Ao who maintained his principal of more than $500 million when he was at his poorest, this kind of profit is not an exaggeration, and it is normal in a bull market. Of course, considering the scale of cash out, it is a bit valuable.

In the following June, Peterson will be able to withdraw more funds. At this pace, if the withdrawal is fast, all funds can be withdrawn in July, and the total low-income of 200 million US dollars is maintained.

If Gu Ao allows him to retreat more slowly, give him a month more time, and then sell it until the end of the summer vacation, or even at the end of the third quarter, Peterson will probably make a lot more money - the total net profit will increase from 200 million to 400 million US dollars.

Of course, the price is also relative, that is, if there is a fluctuation in the market in these few months, or if the market confidence wakes up in advance, the late trading will be inflicted in some of the money, and then you have to cut your losses.

Gu Ao still prefers the previous plan, which is to sell it in June and July as much as possible, and would rather make less money.

Gu Ao doesn't like to make money through financial speculation, although he has found that it is faster and easier to make money, which makes people feel lazy to go into business again.

However, Gu Ao always warned himself vigilantly: The capital operation he took this time was secondary to making money. The key was to establish his god-level prestige in the American business world.

He wants to turn himself from a lucky person who broke through one-twentieth siege and killed Atari into a son of a plane who succeeded in two tribulations and had a surviving rate of one-four percent. When he wants to throw out a view like "The Dilemma of the Innovator" next time, the entire market will obey him and dare not question him.

Therefore, earning hundreds of millions of dollars is just to establish authority, not for the money itself. Money is just to improve the credibility of his words, and it seems that he is not a writer, but a brilliant existence in actual combat.
Chapter completed!