Reborn American Tyrant

Traditional industries are sluggish, and when it comes to the securities market, it is naturally not to be seen.The so-called stock value is roughly the company's future cash value.

You earn two million a year, and each share yields two yuan. Then, given you ten times the valuation, the stock is worth twenty yuan.

Well, if this income is constant, then it doesn't matter if you stocks.You can buy less than ten times, because the interest rate is higher than that of the bank.Higher than twenty times is dangerous because of uncertainty.

However, if you invest in ordinary industries, you can use PE to estimate it, but you cannot invest in high-tech industries.Take Cisco as an example. Its revenue has been expanding rapidly. This month it is still two yuan, and next month it will be two yuan.

So, the valuation here is difficult, the current stock price is 40, 20 times the PE is indeed high.However, its performance is soaring, and by the end of the year, it may be three yuan.

So, next year, the year after.Since you are investing in the future, 20 times the PE is naturally inappropriate.

If it's just a Cisco, Wall Street doesn't care, and this product will be available again next year as soon as possible.The current valuation is too high for them to worry about.

But the problem is, these technology stocks of Nasdaq all have obvious PE premium.For software leaders like Microsoft and Oracle, this valuation has exceeded thirty times.

Generally speaking, the valuation is too high, and major shareholders can take the opportunity to reduce their holdings.The problem is, that damn William White seems to have forgotten that he still has these stocks.

Investors are naturally very happy when they encounter a major shareholder who doesn't reduce their holdings very much. They don't care anyway, the big deal is to mortgage it to the bank.

When they feel good, people will naturally feel bad.If you don’t sell, the market will not be active enough. If this continues, you may be delisting.

Laomei’s rule is actually quite nonsense. The number of outstanding shares is too low, which is not allowed.

Therefore, it is difficult for you to control the disk in the United States.Absolutely, of course it is impossible, just not in the majority.

This thing, there are actually many things in the 1940s and 50s, a bit similar to the stock market of the big rabbit country, anyway, it is a variety of storytelling.

Was Mao gone?

Because the fools have been killed, no one invests in the stock market anymore. Everyone thinks that this is dealing with a group of fraudsters, not investing in any business at all.

The Great Depression in U.S. history was caused by the assholes on Wall Street.You cheated and cheated. In the end, no one dared to invest. Most of the middle class was wiped out.

Lao Mei looked at it, Nima, that's not okay.Thus, they made the most severe laws in the world.

In the United States, this securities fraud law is very powerful. It says that if you are guilty, you must find a proof of your exoneration.

This is completely different from other laws. If you steal something, the whole world knows that you stole it.If the prosecutor cannot produce conclusive evidence, you will still not be punished.

The securities fraud law is different. If you can't find evidence to prove yourself, you are guilty. Don't say anything. Even if all the proceeds are confiscated, a fine is required.This fine is punitive, and one wave can bankrupt you.

"Boss, the three major rating agencies believe that Nasdaq's valuation is too high. If this continues, problems will definitely occur."

"Oh, these old guys are really interesting? Do they think that they can pick up cheap chips?"

"Ahem, boss, except for these new toys, no other industries will work." Philson smiled bitterly. People like the rating agency's nonsense, they won't care.

"Philson, the old guys are crazy. Is this going to bully the stupid boy? It's crazy.

If you say good value investment, this is too much."

William White said lightly, but he was very unhappy in his heart.The so-called bubbles are of no importance at all.

Even after two thousand years, the so-called Internet bubble is still questionable.From the perspective of later generations, this is more like a limit wash.

Greenspan said that there was a bubble in 1996. If you listen to his flicker, you will miss the entire Internet market.

Obviously, the little friends in Europe at that time were killed in this way.You keep saying that the stock market is risky, well, we listened.

Three years later, the European friends discovered that they were obviously pitted.When they rushed in desperately, click, the Internet bubble burst.

It's funny. In 1996, Greenspan said that there was a bubble in the Internet. This thing is a joke.In 1999, he said that the United States has successfully transformed its economy and we have got rid of the original development model.

Ahem, when the European partners entered the pit, a group of bigwigs including Buffett Greenspan began to talk about value investment.

Well, I also attacked greedy investors by the way.

As for those investment banks that fan the flames, they originally planned to fine three glasses of alcohol.Later, I saw that it didn't work. Merrill Lynch and Citigroup fined millions of dollars.

Haha, Nasdaq evaporates five trillion dollars, how many million are you fined?

Well, the meaning of this is actually the same as the penalty of three drinks.

The most unlucky thing is to say here, Germans never stocks.It is this kind of people who fell on this Internet bubble.

So what, when you greet people to enter the pit, why no one says value investment?

"By the way, Philson, what about Buffett? Has his portfolio changed."

"No, the old guy has a good vision. He has been talking about the spirit of the United States recently, ahem, and the old guy is very disapproving of the relocation of manufacturing."

"Tsk tsk, where is this treasure? Don't tell me, the vision is really unique. What a pity, if it is like what he said, why not vote for General Electric."

"Indeed, his investment portfolio focuses on insurance and finance."

"Ha, look, it doesn't matter what a person says, what's important is that you see what he does." William White looked disdainful, and the account wouldn't lie.

As for Greenspan, William White didn't bother to say that he could not speak for himself.His predecessor just didn't listen to greetings, right now he can only teach.

No matter how high the status of a professor in the United States is, it is not comparable to the boss of the Federal Reserve Bank of Rice.

However, as long as they like to play.He William White wouldn't jump out and shoot.

The stock has been invented for so many years, and the way to make a profit has never changed.

It's just a bargain hunting.Speculation and selling.What has changed is that the means of absorption have been refurbished.

Alas, it's better to be a predator, there are so many resources available.

"Ahem, boss, we have recently reduced our investment, and they have also used it to promote it. I think they must be very much looking forward to our reduction."

"Oh, there are people in the court who are easy to do things, but they think too much. What if there is a bubble? A proper overestimation is a healthy market.

However, Philson still has to stare at these guys.The three major rating agencies, this cost is no small, if the estimate is correct, this group of guys must have made big moves."

"Okay, I know the boss."

In fact, he William White is also one of them.When talking about how greedy others are, someone seems to have forgotten that he may be the most greedy one.

Here is the reason why the American emperor is annoying.Isn't it good for everyone to get rich together?Nima, you will die if you don't cheat!