"I think each has its own advantages. In the United States, the accumulated problems of supervision of financial executives are indeed deeper than us. This American financial legislation is mainly dominated by the financial community.

In fact, it is not only a problem in the financial industry, but also in the United States and Japan, the governments are cautious in supervision of professional fields. They like to let industry associations organized by governments judge rather than to go directly with the official agency.

That's why today's vicious circle is where the subprime mortgage crisis has deepened, investment banks have collapsed in large numbers and fell into supervision. However, the salary and returns of investment bank executives are not affected very much..."

Feng Jianxiong was siping wine, holding his girlfriend Tian Haimo with one hand, and talking carefully.

It seems that there is no trap for Fan Jian’s question.

He first commented on the situation in the United States with a pertinent praise and criticism, and then changed the subject and began to evaluate the situation in the country.

"As for domestic reasons, first of all, we should be sure that the punishment for financial crimes is indeed even better than that of the United States. I estimate that after two months, the Huang Guangyu case is officially sentenced and the verdict is spread to the United States, the netizens in the United States will definitely envy China."

When Feng Jianxiong said this, Fan Jian's heart was still a little unwilling to sink.

He thought Feng Jianxiong would change his original unruly style and become a genius like him.

After all, this is not a debate competition, and it is not that both sides must never retreat if they take a position.

If Feng saw Xiong "successfully lost half", how could he humiliate him academically?

Fortunately, just two seconds later, Feng Jianxiong changed his mind and left a handle on his position for Young Master Fan.

"... However, I always feel that the domestic sentencing standards for financial crimes are a bit one-size-fits-all. Those who engage in insider trading in the futures and bond foreign exchange markets should indeed be severely punished.

As for the secondary market of the stock market, those who mislead investors to create fake news must be severely punished, but the insider traders who follow the trend are actually not very guilty - everyone knows that the domestic stock market is not used for investment, 100% pure speculation. Those who are willing to enter the market are originally gambled and are mentally prepared.

Maybe everyone is counting on 'There must be a novice in the world who is less informed than me' to be a buyer. Therefore, there are no innocent people in the secondary market of the Chinese stock market. People who are more informed than you are, that's it."

When Feng Jianxiong said this, the first person who felt unhappy was not Mr. Fan, but Mr. Dai from the Industrial and Commercial Bureau. He followed the trend and made many millions of exchange exchange differences in the foreign exchange market three years ago.

Feng Jianxiong actually said that insider trading in foreign exchange and futures fields is more sinful than insider trading in the stock market. Isn’t that a bit a bit criticized?

Other people in the circle here, except for Feng Jianxiong and other three, also knew more or less the family background of Mr. Dai. Seeing that his face became cold, it was inconvenient to help Feng Jianxiong speak.

Feng Jianxiong's "audience tickets" that he had accumulated were suddenly pulled back to the starting line that was on par with Fan Jianping.

Fan Jian was overjoyed.

This guy actually said such "not sympathetic to the sufferings of the people"! It's so politically incorrect! Is it like a brainless troll on the Internet?

"You can win the international college debate championship at this level? It seems that the champion is not very valuable now! Maybe I can win a championship even if I go to the competition." Fan Jian couldn't help but think so.

He shook his head and started to teach: "Student Feng! What you said is wrong! Alas, it's still too young and too simple. How can you follow the crowd? Americans say that our stock market is a casino, and you also follow the trend and say it is a casino!

Your view has long been behind and has been denied the rumors! You should know that the domestic stock market is not only speculative, but also serious investments. Not only Soros' disciples can be scattered, but serious investors who believe in Buffett's "value investment theory" can also earn money. How can you slander those serious investors? How can you say that those who are cheated by insider information are "fifty steps and hundred steps"? Do you have empathy?"

Fan Jian became more and more excited as he spoke, and seemed to be very righteous. After saying that, he glanced at Zhou Tianyin.

Zhou Tianyin actually looked a little more appreciative of him.

He is indeed a fair girl!

Feng Jianxiong was still silent and said to himself: "Value investment? How do Chinese stock markets engage in value investment? Insider information is layered and bubbles are rampant. Not to mention Buffett is coming, even Graham can't hold it even if he crawled out of the coffin."

"Of course you can invest in value! Value investment has nothing to do with the depth of the bubble in a stock market, and the depth of the inside story!" Fan Jian seemed to have been holding his internal strength, and the words he said from his dantian seemed full of energy.

"There is too complicated theory, so there is no need to talk about it. After all, everyone is just drinking and chatting today. Let me give you an example.

Everyone knows that Graham's "value investment theory" is nothing more than thinking that the investment of stocks should be based on its own commercial value. As long as you have carefully calculated, such as the price-to-earnings ratio, the growth and authenticity of various data, and believe that the company's current market value is lower than its actual future total profitability, you should buy this stock.

Therefore, according to value investment, stock trading is like walking a dog in the fog. The stock price of a stock is equivalent to that dog, and the actual commercial value of the company is equivalent to a person holding a leash. If we look at this model, is there any essential difference between the domestic stock market and the US and Hong Kong stocks?

The inside story of the US stock market and Hong Kong stock market is a little more hidden, and there are fewer complex factors, but it is just that the rope tied to a dog is a little shorter! There are more complex weighted factors in China, but it is just that the rope tied to a dog is a little longer! The rope is long and short, and the end result is that the dog will always wander within the distance between people and people. As long as you see that the dog is lagging behind people, I believe that the dog will run faster sooner or later, so you should take the opportunity to buy it! Why can't you invest in value when the rope is long!"

Fan Jian said a lot of money, holding a gun and stick with a little chaotic, but his momentum was quite strong.

Moreover, what he said is easy to understand and funny, and it is very inspiring to most of the laymen here.

Because it's easy to understand.

Just like those question-and-answer questions and answers in later generations, with detailed answers and many words, it is definitely better to answer in funny and clear language than to answer in funny and clear language - because the answers are too professional and there are too many terms, everyone will think that the answerer is showing off.

When people born in the 1990s and 2000s talk to people, the most unbearable thing is to "pretend".

People who "pretend" will definitely lose in a debate competition where public opinion rather than professional trials - even old men like the squad know this.

Fan Jian’s financial knowledge is actually not very solid. But he can’t resist learning a lot of jokes from those “Internet celebrity economists” like Song Hongbing or “knowledge setters” like those who were later generations of Fatty Luo.

In today's drinking party occasions, you can win debates if you can tell jokes. Even if Feng Jianxiong can speak professionally, it is useless.

If Feng Jianxiong wants to win, he will not only be better than Fan Jian in professional terms, but also be better than the other party in saying jokes to incite public opinion.

"What a metaphor for walking a dog, it's a loss of respect." Feng Jianxiong generously praised the other party's "in-depth and easy-to-understand translation work to popularize knowledge" and affirmed the other party's "contribution".

The "dog walking theory" proposed by Fan Jianxiong just now actually heard of Feng Jianxiong in later generations long ago from some sensational economists.

It seems that in 2017, it was quoted by Fatty Luo, who made the "Get" app, for a while.

Of course, Fan Jian couldn't hear it from Fatty Luo. After all, Fatty Luo is still a film reviewer at CCTV, so he should have directly purchased the goods from Fatty Luo's previous knowledge supplier.

But, what kind of person Feng Jianxiong is, how could he be fooled by just a few jokes?

Even when he heard the passage of Fatty Luo without using the second transmission of the brain, he knew that Fatty must have never been interested in stocks, so he couldn't see through such a clumsy analogy. (Of course, what Fatty Luo said is still very valuable for inspiring people to realize new areas that they had never paid attention to before. It was just that he had not taken time to think about the point of view, nor did he confront the debate on cross-examination, so there was often a one-on-one statement. We don't brag or not.)

"You said you were walking the dog, and I told you that you would also walk the dog. If value investment can be compared to walking the dog, then no matter how long the rope is, as long as the dog runs in front of a person and behind a person, the dog has the value of being invested.

But the question is, have you really learned about the Chinese stock market in depth? Do you really think that after putting a 2-meter dog walking leash to 10 meters, the change is just that "the dog sways from 2 meters in front of a person to 2 meters behind a person" to "the dog sways from 10 meters in front of a person to 10 meters behind a person"?

Sorry, the actual situation in the Chinese stock market is that after the dog leash is 10 meters long, the dog will only wander between 5 meters in front of the person and 10 meters in front of the person! Not to mention walking behind the person, it has almost no time to walk next to the person! That is a group of dogs running wildly with their reins tightened!”

When Feng saw Xiong's words come out, everyone's first reaction was that they couldn't help but want to laugh.

It’s right, right? The trick of taking the other party’s jokes and immediately processing them and moving them back is very good in the scene and very ornamental.

Fan Jian wanted to play to his strengths and avoid his weaknesses to talk about dogs, for example, Feng Jian talked to him about dogs openly.

This is called atmosphericity.

Instead of learning those pedantics who are forced to do so, they will drop their books and pull the audience into terms that they cannot understand.

The truth must be explained, and it must be explained accurately. But while it is accurate, it can still be explained interestingly - taking into account both interesting and easy-to-understand and precise, this is the ability of an eloquent expert.
Chapter completed!