Chapter 1211 Who Is Fisher?

The office of the old stock god fell into an extremely depressing silence, and even the breathing of the two became extremely weak.

Regarding the question of whether someone will be used as a scapegoat, in fact, Yang Cheng is not the only one who has this worry. Orange came straight to the door, and it seemed that the same reason would hardly be effective.

Yang Cheng stood up, and under the inexplicable eyes of the old stock god, turned to the back of his desk, suddenly pointed to the phone on the desk and said, "This is the most commonly used equipment for your usual work?"

It seems so, because Yang Cheng didn't see any other tools that can be used for office work on the table, including printers, fax machines, etc., none of them.

Buffett didn't know why, so he said, "Yes, the phone is my main office equipment. There is nothing more effective than the phone as a tool for communication and understanding."

Buffett's approach to investing is simple but effective: "Business schools pay far more for teaching complex behaviors than for teaching simple behaviors. But simple behaviors are more effective."

Yang Cheng nodded. The old stock god's understanding of business now is quite back to basics, simple and complex, and sometimes the more you know, the easier it is to make mistakes.

He remembered that the old stock god once said: "I have never found that advanced mathematics has any role in investment. It is enough to know elementary school arithmetic. If advanced mathematics is necessary, I have to go back to deliver newspapers, because I can't do it." Understand those esoteric formulas."

The old stock god also said, "A high degree of education does not mean success. To invest successfully, you don't need to know any professional investment theories. In fact, it is best for everyone to know nothing about these things. Professional theory often doesn’t work in practice, and the more wrong knowledge, the more harmful it is, and investment is not an intellectual competition, you have a high IQ, and you don’t necessarily beat people with low IQs in the investment field.”

Yang Cheng had read many biographies and interviews of old stock gods before. These words full of 'philosophies', in his ears at that time, had a feeling of shocking heaven and man, and it seemed to be true at first glance.

But these words cannot withstand careful scrutiny. The top traders on Wall Street are all masters in the field of mathematics; high-achieving students who graduated from Harvard and other institutions of higher learning are more likely to be close to success than students who graduated from ordinary institutions; People with low IQs can avoid obstacles on the road to success, while people with low IQs face far more setbacks.

Therefore, facing Buffett now, Yang Cheng no longer has the yearning and admiration of his youth, but more respect for his predecessors and someone who can be used at critical moments.

Just like now, Yang Cheng changed the subject,

"Warren, as idiotic and naive as the hypothetical question is, I have to say that if some kind of stupid decision is made by the people who sit in the office and only know how to issue orders, I will not sit still and the money will be gone. You can earn more, but if your life and future are gone, you will be completely gone.”

This is a warning. As for whom to target, the old stock god has his own conclusions.

Just now, Yang Cheng was inexplicably concerned about the phone on the old stock god's desk, and in his warning, he mentioned the person sitting in the office on the phone. Is there a strange connection between the two?

And Buffett smiled slightly, and his response to this was, "You know what? My usual work is not as complicated as people imagine, it's very simple, only reading, and the most in my office are various business newspapers and magazines.

Of course, my favorite is the annual reports of various companies, some are the annual reports of the companies I control, and some are the annual reports of rival companies

Most investors mistakenly believe that the most important thing is the next quarter's earnings per share. They mistakenly believe that investing must be constantly buying and selling transactions. They mistakenly believe that investing must read the latest news reports to constantly update their investment views.

If investors adopt the strategy that they are buying stock in a company that they will hold for their entire lives and never sell, there is simply no way they will be wrong. "

Buffett's words seemed to have nothing to do with Yang Cheng's warning, but Yang Cheng understood what he wanted to express - don't focus on the surface, dig deep into the truth behind the matter, and have long-term confidence in the decisions you make. Confidence, doesn't he still have the backing of the stock god in the end?

Once someone decides to push someone out as a scapegoat, I am afraid that he, who bears the name of the stock god, will be the first to bear the brunt.

Both Yang Cheng and the old stock gods understand that behind the predatory fund lies the deep-seated purpose of those in power in the United States, which includes political demands, but why should private capital intervene? It's very simple, the United States also needs face. It's not good to be ridiculed as the JC of the world for so many years, especially in today's fast-moving news. .

Therefore, some people came up with such a way to hide their ears and steal their bells, using private capital to cover up the real ZZ purpose, and at the same time allow private capital to make money, willing to be their scapegoat.

The imagination is beautiful, but which of these private capital tycoons is a simple thing that can be easily controlled?

In the end, if you make money and don't have to take responsibility, then everyone is happy.

But if the expected results are not achieved, and a huge amount of infamy is incurred, would the capital tycoons still be willing? Don't forget, there are not only rich people from the United States in the predatory fund, but also top rich people from other countries. They will be easily manipulated by you in the United States?

But no matter how you look at it, Yang Cheng has to admit that he is the weakest and best bully among them. Can he not be in a hurry?

The situation on Liu Yiming's side intensified Yang Cheng's inner worries. Will the lid be lifted suddenly by accident? Completely expose the conspiracy to the sun, and finally pull someone out to block the gun in a panic?

In Yang Cheng's view, all of this is possible.

"Warren, who is in charge of the Predator Fund now?" Yang Cheng asked straightforwardly.

"It's a president of my company called..."

Before she could finish speaking, she was interrupted rudely by Yang Cheng, "come on, Warren, that's not the name I need."

Buffett blinked, remained silent for a few seconds, and whispered a name, "Fisher~"

When Yang Cheng heard this, her nose turned out of anger, "mother f**ker, damn bastard, I can assure you, with the reputation of my whole family, the whole thing is a conspiracy by Gao~~Sheng."

Buffett can only smile bitterly. At this time, no matter how much he wants to hide it, he can't hide it. After all, Yang Cheng grew up in New York, and his father is one of the big players on Wall Street. Orange is clearer?

Fisher, the deputy chairman of the Federal Reserve, is definitely a figure in the world's economic field, and his power is no worse than that of Yellen.

The most important thing is that he once served as the governor of the central bank of Israel. Not only is he a dual citizen of Israel and the United States, he also served as the chief economic expert of the World Bank and the first vice president of the International Monetary Fund. Which one is enough to scare people to death, not to mention that he has countless reputations in one body?

Do you understand why Yang Cheng said this was Gao~~Sheng's conspiracy? Although it seems that Fisher has nothing to do with Goldman Sachs on the surface, it is really frightening to think about it, no wonder the old stock god is so actively involved, the truth is revealed.

"Jason, don't think too much, no matter what, the share that should belong to you will not be less, let alone push you to bear the infamy." Buffett still tried to persuade Yang Cheng.

It's a pity that he has fallen into an endless loop, and he didn't listen to the old stock god's words at all.

The office was eerily quiet. The flat-screen color TV diagonally across from the desk was playing CNBC's news program, but only the picture and no sound.

Yang Cheng paced back and forth, and finally sat back on the sofa, and picked up the transparent glass box on the small coffee table next to it, which contained a baseball glove and a baseball.

There were many superstars’ signatures on that baseball, but the notes faded, and Yang Cheng only saw the names of Willie Mays, Ted Williams, and Joe DiMaggio. The signatures of so many baseball superstars appeared on the screen at the same time. A baseball, but it's not easy. If you send this baseball to an auction, someone will definitely pay a check for 100,000 U.S. dollars.

Buffett likes this collection very much, "They are all idols I admired when I was a child, and they are also heroes in my heart."

Yang Cheng nodded, because of these faded signatures, his irritable heart can be calmed down, and there are many signed souvenirs of the Yankees in his home, baseball bats, ball caps, including signed baseballs, many, many, but more meaning is just Collection, and did not make any guiding help to Yang Cheng's life.

But in the eyes of the old stock god, these heroic idols are his belief that he is not afraid of failure.

Putting down the glass box, Yang Cheng said calmly, "Warren, I believe in you, just as you believe that these heroes can turn the game around in the most critical situation."

Buffett smiled gratifiedly, "Thank you, I will not be ashamed of your trust."

"I am very satisfied with the income of the fund. There is nothing more profitable than buying the bottom of a country, not to mention the profiteering product of oil."

The atmosphere of the conversation became relaxed again, and he was a little tired after standing for so long. Buffett sat behind his desk and said, "Yes, the income of predatory funds far exceeds that of any investment fund on Wall Street, but this is a very special situation. It's hard to have any more."

Yang Cheng heard a kind of exhaustion from the words of the old stock god. The formation of a predatory fund undoubtedly overdraws the reputation of the old stock god. This kind of thing is fine once. If it happens again, it is not impossible for the old stock god to fall from the altar. .

"Okay, let's focus on the present moment. I have to remind you. The reason why I came here in such a hurry is because I heard a piece of news."