Chapter 1523 Destroying Is Far Easier than Building

If it's not your own money, you'll be damned if you invest it well. If it's not your own business, it's weird if it can be run well. You don't have to look at any country for this thing. In fact, it's the same. Human beings have evolved for about the same length of time, and their bad habits are quite similar.

In other words, the middle class may have a narrower view of issues. No one is willing to lose money when it comes to investing. At the very least, fund managers won’t do it. You don’t need to invest too much. If you fail to invest two or three times in a row, you will basically say goodbye to this industry.

The views of the middle class are indeed not universal. At the very least, when you reach a certain position, it is not difficult to judge the so-called essence of things.

Some people plan to reshuffle the cards. Whether it is 911 or the Enron incident, it is just a bargaining chip in their hands. Whether or not people will die, how many people will die, to them, is really just some numbers on an analysis chart.

It was nothing to say that originally, but unfortunately, the development of the situation was a little off track.

It doesn't matter if you fight life or death, but it's too much to bring the whole world into trouble. It's better now. You guys have stopped doing business here, but is there still a way to see the financial market?

Futures trading is deserted, and Nasdaq is clinging to life. There is even a voice that thinks that the current stock market is too rubbish, or should we start over?

Damn it, you think it's a girl, it doesn't matter how much you push it, as long as the lubrication is in good condition, it will basically never wear out.

But the securities market obviously isn’t?

Do you know why the most luxurious and extravagant building in the world, besides churches, is a financial institution?

Not to mention the church, the United States can even be considered a religious country. You can't really say anything about the money spent in these places.

So, what about financial institutions? You know, the government agencies in the United States and Europe are really on the same level. It’s easy to say that your bank is exaggerating because it is worried that others will not know that you have money.

But what about the stock exchange?

In fact, the same thing is that caring about whether you have money means caring about whether you have credit. In the same way, banks and stock exchanges are extravagant to tell you that they have plenty of money and will not put their hands in your pockets.

Yes, this is to cheer you up and give you confidence again. Because at its core, stocks are simply a Ponzi scheme.

Look, why do you use future cash value to get money from me?

Talking about expectations is actually nonsense. How can you be so smart? Why do you think there must be a future? If this thing goes bankrupt, you won't even have tears to cry.

This is actually about confidence. There are regulatory agencies, auditing agencies and rating agencies. It should be said that it is actually very complete. The rating agencies here do not issue any bronze medals. Just because you are fine today does not mean that there will always be no problems.

But what about this time?

It seems to have completely failed. The method that was effective before has become a joke under the manipulation of thoughtful people.

Now here comes the problem. The weather has cleared up here, but investors are completely paralyzed. Please, it really doesn’t matter what the short-term profit rate is. As long as you can ensure the safety of your funds, everything else is fine.

Speaking from a small perspective, it is actually not difficult to destroy a house or base. Building a country or existing system may not be too difficult. At least you have to admit that establishing a country and system is more difficult.

"Andersen is in danger. It's true. Under the general trend, there will always be victims of this kind."

Charlie Munger looked shocked. Unlike his boss, the reason why Buffett could hide in the countryside and enjoy life was not because he had a reliable subordinate.

Charlie Munger is responsible for specific things, so he is very familiar with Andersen. Just kidding, it’s hard not to deal with the largest accounting firm in the world.

"God, I hope it won't be too bad. If I remember correctly, this involves the employment of 100,000 people. If they are just coolies, they can be asked to dig canals. Anyway, 50,000 people will dig and 50,000 people will fill them. As long as these When guys are working, society is stable.”

Buffett smiled bitterly, "What are you digging for? These are not dock coolies. Anyone who can work at Arthur Andersen is also a very good accountant."

"This guy is unlucky. Nowadays, strict law enforcement is emphasized. Even if the punishment is too severe, you can only endure it.

Alas, I hope I can persevere and talk about it later. "

If William White were here, he would be secretly raising a middle finger. Huh, what are you pretending to be? You have the most money now. You are waiting for the last wave of decline!

As for Arthur Andersen, this guy is completely dead.

The world's largest accounting firm collapsed immediately. This obvious excessive punishment was later questioned.

No matter what the system is, it still needs certain standards. I'm in a bad mood today. Although you, you bastard, only stole two watermelons, to prevent you from stealing more, you should be sentenced to three years in prison.

The next day I ran into a similar person. Since the communication last night was very pleasant, the person who stole the wallet should be punished with three drinks.

Um, this guy was beaten quite badly, and it's really pointless to waste money by locking him up.

Supervision is welcome, and even if there is only one share, you can ask for cooperation.

Tsk tsk, he is the richest man after all, this kind of courage is quite OK.

Buffett, who also saw the news, didn’t see it that way. William White was so ridiculous. While you were trying to please small and medium-sized retail investors, you seemed to have offended almost all the big guys.

It is easy for organizations to make money, but their access to information is different from yours. And once William White's method becomes popular, will other companies also need to follow suit?

The answer is obvious. Even if it is of no use, no one will refuse the kindness.

"Is that flattering? Or that's right. But, Jason, have you ever thought about how this society will develop once trust is lost.

Let me tell you this, even if we make great efforts, there will be no change in the short term.

911 destroyed the United States' self-confidence, and Enron's fraud once again undermined the people's self-confidence. Alas, this is not the worst. I really don’t know if there will be more later. "

"You're coming again? It's not that outrageous, right?"

William rolled his eyes at this guy, why do you think there is no such thing? Yep, it’s useless even if it gets up. In order to boost the economy, the United States has completely unleashed a devil called inflation.

I just don’t know if Paul Walker is crying or laughing now.

If you design this thing simply and want to have complete control, it is simply a fool's errand. After all, one day, when the cauldron of inflation falls, well, the old guy probably won't survive that day. This can be considered a kind of luck. Before dying, your plan and design are still the safest. The most reliable.