Chapter 1523

It's not your own money. It's a hell of a good investment. It's not your own business, it's a strange business. You don't have to look at any country. In fact, it's the same. Human beings have evolved for almost a long time, and their bad habits are quite similar.

In other words, the middle class is narrow-minded. Investment in this kind of thing, where will be willing to lose, at least, fund managers do not do ah. You don't have to do much. If you fail two or three times in a row, you will basically say goodbye to this industry.

The view of the middle class is indeed not universal. At least, when it comes to a certain position, it is not difficult to judge what the essence of the so-called thing is.

Some people are going to reshuffle the cards. Whether it's 911 or Enron, it's just a chip in their hands. For them, it's really just an analysis of the figures on the chart.

That said, it was nothing at all, but unfortunately, the development of the situation deviated from the track.

It doesn't matter if you beat the whole world to death, but it's a bit too much. Now it's better. You've stopped here, but is there any way to look at the financial market?

Futures trading is cold and quiet, while NASDAQ is struggling. There is even a voice that thinks that the stock market is too rubbish now, otherwise we will push it back?

Shit, you think it's a girl. It doesn't matter how you push it. As long as it's in good lubrication condition, it's basically never worn.

But the stock market is obviously not?

Do you know why the most luxurious building in the world is a financial institution besides a church?

The church does not say that the United States is even a religious country. You can't say anything about the money used in these places.

So what are financial institutions? You know, the government agencies in the United States and Europe are at the level of a township. You can exaggerate a little. It's a worry that others don't know you're rich.

But what about the stock exchange?

In fact, it's the same to care about whether you have money, that is, whether you have credit. In the same way, the luxury of banks and stock exchanges is to tell you that we have plenty of money and will not stick our hands into your trouser pockets.

Yes, this is to cheer you up, this is to give you confidence. Because in essence, the stock is a Ponzi scheme.

You see, why do you use the future cash value to get money with me.

It's bullshit to say expectations. How can you be so smart? Why do you think that there must be a future? If this thing goes out of business, you can't cry.

In fact, there are regulatory agencies, auditing agencies and rating agencies here. It should be said that they are very perfect. The rating agencies here don't issue bronze medals. Today's saying that you have no problem doesn't mean that you have no problem all the time.

But this time?

It seems to have completely failed. The way that worked before, under the control of people with a heart, has become a joke.

Now the problem has come. It's fine here, but investors are completely numb. Please, what's the short-term profit rate? In fact, it doesn't matter. As long as you can ensure the safety of the funds, everything else will be fine.

From a small point of view, it is not difficult to destroy a house or base. A country or the existing system, or it will not be too difficult, at least you have to admit that it is more difficult to establish a country and system.

"Andersen is in danger. It's true that under the general situation, there will always be victims like this and that."

Charlie Munger is shocked. He is different from his boss. The reason why Warren Buffett can hide in the countryside and enjoy his life is not because he has a reliable subordinate.

Charlie Munger is responsible for specific things, so he is very familiar with Andersen. I'm kidding. The biggest accounting firm in the world. It's hard for you to deal with it or not.

"God, I hope it's not too bad. If I remember correctly, it involves the employment of 100000 people. If it's just coolies, we can let them dig canals. Anyway, 50000 people dig canals and 50000 people fill canals. As long as these guys are working, society will be stable. "

Buffett grins bitterly, what to dig? These are not wharf coolies. They can work in Andersen. How can they be a very good accountant.

"It's bad luck for this guy. Now we pay attention to strict law enforcement. Even if the punishment is too heavy, you can only bear it.

Well, I hope I can stick to it. "

If William White were here, he would secretly put up a middle finger. Hum, what to install? Now you have the most banknotes. You are waiting for the last drop!

As for Andersen, this guy is dead.

The largest accounting firm in the world, just say it. This obvious excessive punishment was also questioned later.

No matter what system you have, you need certain standards. I'm in a bad mood today. Although you bastard just stole two watermelons, in order to prevent you from stealing more, you'll be sentenced to three years' imprisonment.

The next day, I met a similar one. Because the communication last night was very pleasant, the wallet thief was fined three drinks.Well, it's a bit miserable for him to be beaten. It's meaningless to waste money in prison.

Supervision is welcome. Even if there is only one share, cooperation can be requested.

Tut Tut, is the richest man after all, this kind of spirit is very OK.

Buffett, who also saw the news, doesn't think so. William White is too much of a liar. When you flatter small and medium-sized retail investors, you seem to offend almost all the big guys.

It's easy for institutions to make money because they have different channels of information than you. Once the way of William White is sought after, do other companies need to follow up?

The answer is obvious. Even if it doesn't work, no one will refuse.

"Please? Or that's right. But, Jason, have you ever thought about how this society will develop once you lose trust.

Let me tell you, even with great efforts, there will be no change in the short term.

September 11 destroyed the confidence of the United States, and Enron's fraud once again hit the confidence of the people. Alas, this is not the worst. I really don't know if there are any in the back. "

"Still here? Isn't it so outrageous? "

William White this guy, why do you think not. In order to stimulate the economy, the United States has completely released a devil called inflation.

I just don't know whether Paul Volcker is crying or laughing now.

It's easy for you to design this thing. If you want to control it completely, it's just wishful thinking. After all, one day, when the big pot of inflation falls down, well, the old man may not live to that day. It's a kind of luck to say that. Before you die, your plan and design are the most reliable.

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