Starting with a fully invested A-share portfolio to become a capital...

Chapter 163 Second-tier speculators on Fuchun Road bid for lunch with Buffett.
Jincheng, Qingxu County.

The Yao family mansion.

This is a Suzhou-style garden. The two stone lions at the main gate are majestic and imposing. Inside the mansion, you can see a pond full of carp.

At this moment, Yao Sijun and Yao Jinfei were kneeling on the blue bricks in the hall. The long kneeling made their knees ache, their bodies trembled uncontrollably, and large beads of sweat slid down their temples.

A step to their right, Yao Junliang, the current chairman of Meijin Group, looked at Yao Juhuo, who was sitting in a golden nanmu chair and was already 77 years old, and said: "Old man, we have been planning this backdoor listing for three years, but it was forced to stop because Si Jun leaked the information in advance. If we don't give an explanation, I'm afraid we won't be able to convince the public."

Wearing a gray-black Tang suit, Yao Juhuo looked grim. He never expected that his lifelong reputation would be ruined by raising such a fool!
Even the ancients knew that things are accomplished through secrecy, yet modern people, having learned so many lessons from history, still don't understand this principle.

"Take the family's cudgel."

Yao Juhuo said in a deep voice.

"Yes!"

The housekeeper, Kong Jiawei, hurried off to retrieve it.

Yao Junliang, standing beside him, showed no pity whatsoever. Although Yao Sijun was his younger brother, they were born into a large family, so there was no such thing as brotherly affection between them.

Not a moment.

Take the stick with the dragon head carved on it.

Yao Juhuo took the stick and came to the side of the two kneeling men. The Yao clan members watching could hardly bear to look.

Yao Jinfei then played the emotional card, pleading, "Grandpa, I was wrong. I made a mistake. Your lumbar spine is already bad, and we can't let it get hurt because of you."

"puff--"

"what!"

With a gloomy face, Yao Juhu struck Yao Jinfei heavily on the back with his cane and said, "This blow is punishment for leaking company secrets and profiting from the company."

"This blow is meant to teach you a lesson: the interests of the group are more important than your personal interests."

"This blow is your way of explaining yourself to all the family members for breaking the rules."

One blow after another, each strike powerful and heavy, until Yao Jinfei collapsed onto the blue brick floor, his face flushed red, after enduring five or six blows.

A pang of heartache flashed in Yao Juhuo's eyes, but he knew he had to continue, otherwise he wouldn't be able to intimidate the other members of the Yao family.

Family businesses have strong cohesion and high decision-making efficiency, but this is on the premise that the founder is still alive. If Yao Juhuo were to pass away one day, the family business would instantly split into multiple forces.

Therefore, Yao Juhuo could not be lenient. He had to establish rules. As long as the family rules were established, even if he passed away, the family members of Meijin Group could still be bound by the family rules.

"Lift him up."

Just as they were about to lift Yao Jinfei up from the left and right, Yao Sijun, who was kneeling beside him, said in a deep voice, "If a son is not taught, it is the father's fault. Old man, this matter started because of me, and I will take responsibility for Jin'er."

"As you wish."

Yao Juhuo found a way out and began to beat Yao Sijun, who was standing next to him, with his cane.

"puff--"

"puff--"

"puff--"

With each muffled thud, Yao Sijun remained silent, but his face had turned deathly pale, and a salty taste filled his mouth.

After delivering eighteen blows, Yao Juhuo surveyed everyone in the hall and announced the punishment: "From today onwards, Yao Sijun will no longer serve as the Vice President of Meijin Group, and Yao Jinfei will be dismissed from all his posts. Does anyone have any objections?"

The others exchanged glances, then their eyes finally fell on Yao Junliang, the eldest son, who immediately stated, "No objections."

"no comment."

"We have no problem with that."

"Listen to the old man."

Others echoed.

Yao Juhuo glanced at Yao Junliang and Yao Sijun, then looked away, waved his hand, and signaled them to leave.

In the time it takes to drink a cup of tea, only Yao Juhuo and the butler Kong Jiawei remained in the hall.

After a long silence, Yao Juhuo asked in a low voice, "Awei, do you think this was really discovered by the China Securities Regulatory Commission?"

"It can only be discovered by the China Securities Regulatory Commission."

Kong Jiawei's words were loaded with meaning.

Yao Juhuo instantly understood what he meant, but he was helpless.

The struggle between brothers is like raising poisonous insects; the strong will ruthlessly devour the weak, and only the final king of the insects can inherit the family business.

The first thing Yao Sijun did upon returning to his room, after being beaten half to death, was to take out his phone and find an unnumbered contact.

"Dududu-"

The call is connected.

Yao Sijun's expression was stern as he said in a deep voice, "Send Zhang Jianhua to sell tofu. Let's get this over with."

The person on the other end of the phone was silent for a while before replying, "Understood."

“I absolutely did not leak this information, Dad, you have to believe me.” Yao Jinfei wanted to say something more, but Yao Sijun interrupted him, saying, “I know, there’s no need to say more.”

If Meijin Group's attempt to backdoor list through Kainuo Technology fails, then they can only find another "shell company" to give them a chance to turn things around.

……

When the Yao family was enforcing their family rules, "Fuchun Road" was criticized and became a trending topic on Eastmoney.com. Some shareholders were so indignant that they directly reported it to the China Securities Regulatory Commission.

[Roaring]: Fuchun Road is definitely involved in insider trading of Meijin Group. I suggest a thorough investigation of all his information.

[Today's Decisive Moment]: Is anyone going to do anything about these speculative funds? Are they really treating us retail investors like idiots to be fleeced?

[Zootopia]: I'm so angry! Fuchun Road is not only small-minded, but also suspected of insider trading. I suggest sending him to jail!
[Beichenxing]: I have submitted a real-name report and I will fight Fuchun Road to the death. If I don't send him to jail, I, Lin Beichen, swear I am not human!

A Rhine Biology.

Kaino Technology.

Two precise attempts to time the market top make it hard not to suspect that Fuchun Road is an insider speculator deliberately targeting retail investors like them.

As retail investors' opinion of Fuchun Road plummeted again, other speculative investors also secretly joined in to criticize Fuchun Road.

[Jumping-off-the-Building Guy]: My sincere advice is to run away when you see Fuchun Road. This guy has a very narrow mind and likes to meddle in other people's stocks.

[Nanyang Battle Song]: I agree to a thorough investigation of Fuchun Road, the scum of the speculative capital world!
[Yitian Road]: Compared to the mess that Fuchun Road did, I feel like a great philanthropist. May the retail investors have good luck.

The statements made by some speculative investors not only worsened the reputation of Fuchun Road, but also ignited the gossip among retail investors, who wanted to know exactly how Fuchun Road had offended other speculative investors.

Fuchun Road is probably the first place to provoke outrage from speculative investors and retail investors.

Meanwhile, Xu Xiang also witnessed the online attacks against Fuchun Road. He watched the spectacle with amusement and said, "Boss Liu is too ruthless. He's actually reaping profits from speculative funds and retail investors like this."

Xu Haiou had mentioned before that Fuchun Road's identity might be Liu Hua of Hongyue Investment or Wang Dafu of Caiyuan Investment.

The coal background revealed by the stock of Kainuo Technology eliminates Wang Dafu of Caiyuan Investment, who is a daredevil speculator like Xu Xiang and Sun Guodong, leaving only Liu Hua of Hongyue Investment.

Only Liu Hua could use off-the-books tactics and accurately time the market top.

(I will climb up step by step)

(Waiting for the sunlight to quietly gaze upon its face)
(A small sky holds a big dream)
The sudden ringing of the phone made Xu Xiang turn his attention away from the gossip and glance at the Nokia phone screen placed to the side, which displayed Li Xuli's name.

"Hey, Brother Li."

Xu Xiang pressed the answer button.

"How are the preparations going? The mutual fund company says they're going to help out." Li Xuli got straight to the point.

"The position building is complete, just start pushing the price up directly," Xu Xiang responded quickly.

"What about Laozi and Zhuangzi, and speculative funds?"

"It's been washed out."

"Just get rid of it. I'll contact the mutual fund company tomorrow to help us out."

"no problem."

After a brief conversation with Li Xuli, Xu Xiang hung up the phone.

Currently, the two major A-share indices continue to shrink in trading volume, and the liquidity crisis has not yet improved. Because mutual funds have a minimum holding limit, they have all chosen to hold their funds together.

The stock chosen by Xu Xiang, Li Xuli, and the public fund was Rainbow Co., Ltd.

The company's predecessor was the State-owned Factory No. 4400, which was the first enterprise in China to produce color picture tubes and their complete set of components. It was also the largest color picture tube manufacturer in China in terms of production volume and supporting capabilities.

Many people may not know the function of a color picture tube, which is an essential component of a CRT color television.

The so-called CRT color television is commonly known as a "big-button television".

With the rise of information display technology, the market for LCD TVs, mobile phones, and laptops has developed rapidly, while the market for color picture tubes has shrunk to its limit, and CRT TVs have become relics of the past.

However, Rainbow Optoelectronics did not sit idly by. In 2003, it embarked on the research and development of substrate glass and transformed its business.

Rainbow Co., Ltd. reported a net loss attributable to the parent company of 2920 million yuan in the first quarter of 2009, a year-on-year decrease of 2475.43%, making it a stock with a disastrous performance.

Experienced stock market investors know that stocks with disastrous earnings reports are the favorites of speculative investors.

Because of the poor performance, a large number of value investors can be shaken out at zero cost, and it can also deter hesitant funds from investing.

Buying stocks is for making money. If a stock loses 2920 million in the first quarter, a year-on-year decrease of 2475.43%, who would dare to enter the market?
Of course.

There will definitely be Warriors players on the court.

However, most investors would simply delete stocks with such poor performance, fearing they would be designated as ST (Special Treatment) or delisted.

On July 8, Xu Xiang spent 200 million yuan to remove the old stock dealer of Rainbow Shares. In the past two days, the old stock dealer knew that he was no match for Xu Xiang and had no choice but to sell all his shares to Xu Xiang.

After gaining full control, he waited for public funds to come in and prop up the stock price, and then transferred profits according to the allocation ratio.

In addition to Rainbow Co., Ltd., Xu Xiang also built positions in stocks such as Shancheng Beer, Jinggong Technology and Jingwei Textile Machinery, among which Shancheng Beer was a key stock he focused on investing in.

……

The online controversy did not affect Zhang Yang, Liao Guopei, and Lin Guangchang's harvesting of profits. They only stopped their fishing and harvesting activities at 7 p.m. on July 15.

A股在7月13号调整过后，14号和15号都出现了大幅上涨，而且15号还是跳空高开。

This morning, the opening price was 3156.63, and the highest point of the previous trading day was 3147.59, opening 9.04 points higher.

As of 3 p.m., the Shanghai Composite Index closed at 3188.55 points, up 1.38%, just one step away from breaking through 3200 points.

The Shenzhen Component Index, however, showed weakness, rising only 0.68% to 13079.26, mainly dragged down by the real estate sector.

It is worth mentioning that on July 10, Guilin Sanjin successfully raised funds and went public. With an issue price of 19.8 yuan, the highest increase on the first day of trading reached 39 yuan, an increase of 96.97%. However, it fell back at the end of the day and closed at 36.01 yuan, an increase of 81.87%.

Newly listed stocks often share a common problem: they tend to experience frequent price spikes and dips.

On July 13th and 14th, Guilin Sanjin's stock price fell by more than 10% in just two days. However, on July 15th, which is today, Guilin Sanjin saw a significant increase of 5.99%.

In addition to Guilin Sanjin, Wanma Cable (now Wanma Shares) also went public on July 10. Its issue price was 11.5 yuan/share, the number of shares issued was 50 million, accounting for 25% of the total share capital after the issuance, and the funds raised were 5.75 million yuan.

The two stocks alone, Guilin Sanjin and Wanma Cable, have drained 14.34 billion yuan of A-share liquidity.

However, after the IPO restart, the "draining" of funds was far from over. You-A Group also launched a new share fundraising on July 14, planning to issue 50 million shares at a price of 19.58 yuan/share, accounting for 25.77% of the total share capital after the issuance, and raising a total of 9.79 million yuan.

The withdrawal of 24.13 billion yuan from these three stocks has caused even the once-stabilizing bank stocks to slump and enter a downward trend.

Many people might think that in a market with a transaction volume of over 3000 billion, withdrawing 24.13 billion is just a "drop in the bucket," right?
Trading volume is trading volume, and funds are funds. This is similar to the difference between market capitalization and liquidity. 24.13 billion is already an astronomical figure.

The rise on July 15th made Zhang Yang realize that a major drop was imminent.

Today's rise was entirely due to government funds forcibly propping up the market, most likely to stabilize You'an Group's stock price from being "drained."

"July 15th, tonight is the last day of the auction for 'Lunch with Buffett,' right?" Liao Guopei looked at Zhang Yang.

Has the foreign exchange quota been approved?

Lin Guangchang echoed this.

“We’ve secured a $500 million foreign exchange quota, and we’re determined to get it tonight.” Zhang Yang responded while organizing his recent earnings and looking at the two men, saying, “Let’s distribute the profits from Tuori New Energy, Goldwind Technology, and Longking Environmental Protection first. There’s no rush to book lunch.”

It's a little past 3 a.m. New York time now, and there are still about 20 hours left before the auction ends, which is plenty of time.

"Okay, although I don't know how much I've made, it's been quite enjoyable to make money these past few days," Liao Guopei chuckled.

They fish for money, dump the shares, don't raise any funds, and their main goal is to have their fun and then leave.

"It just attracts a lot of hatred, and the seat on Fuchun Road is basically useless," Lin Guangchang said with a smile.

Now, speculative investors see Fuchun Road as something terrifying, like seeing a ghost, and dare not ride in the same car as this plague.

"Tuori New Energy earned 283 million, Goldwind Technology earned 279 million, Longking Environmental Protection earned 332 million, Suning Appliance earned 497 million, and Kaidi Electric Power earned 191 million..."

As Zhang Yang announced the profit figures for each stock, Liao Guopei and Lin Guangchang could barely contain their smiles.

It's important to understand that they didn't accumulate any shares at all; they profited entirely by using speculative capital to lure in investors and then dumping shares the next day.

"Dun'an Environment made a profit of 142 million yuan. With a total of 19 stocks, the total profit was 3219 million yuan, which took 9 days and 7 trading days."

Zhang Yang announced the final figures.

"Holy crap!" Liao Guopei swallowed hard and exclaimed, "460 million a day on average, that money comes too easily."

"Making money while lying down."

Lin Guangchang laughed heartily.

"It was quite profitable at first, but unfortunately, speculative funds have become more sophisticated, and this trading strategy has become largely ineffective," Zhang Yang said with a faint smile.

Initially, they were able to earn two or three million, or even four million, because other speculative investors hadn't reacted yet.

However, as news of fishing on Fuchun Road spread, other speculative funds became less willing to respond when they saw the opportunity to ignite a price surge, and the difficulty of making a profit increased.

It's no exaggeration to say that Zhang Yang, Liao Guopei, and Lin Guangchang created a crisis of trust among speculative investors. Even when funds gave signals of price increases, the first reaction of speculative investors was always, "Could this be a trap set by Fuchun Road?"
When there is no trust among speculative investors, this trading strategy naturally becomes ineffective.

"Making a quick buck is fine. If you include this money, Joker, you're now a second-tier speculative investor, right?" Lin Guangchang asked.

"It should be over 5000 million."

Liao Guopei echoed this.

Last time with Kainuo Technology, they made a total profit of 6230 million, of which Zhang Yang took 3115 million, leaving him with 4115 million in personal funds.

With this profit of 3219 million, Zhang Yang will take 1609.5 million according to the 5:32 split, bringing the total amount of funds to 5724.5 million.

The remaining 40 shares of Kainuo Technology were also sold off yesterday at a price of 6.1 yuan, for a total profit of 244 million yuan. Zhang Yang took another 122 million yuan, and the last 138 million yuan was the margin in the leveraged account. His total amount was 5984.5 million yuan, just one step away from 6000 million yuan.

"It's almost 6000 million."

Zhang Yang did not hide anything.

If Liao Guopei and Lin Guangchang wanted to calculate it, they could do so item by item; their income was almost transparent.

"It's actually catching up to my size! No wonder it's the notorious landlord Fuchun Road!"

Lin Guangchang was amazed.

"I vaguely remember that two months ago, Joker's trading funds were only ten million, but now they've reached sixty million. That's insane!"

Liao Guopei couldn't help but marvel.

He considered himself a relatively talented speculative trader, but compared to Zhang Yang, he was simply showing off his limited skills.

However, what Liao Guopei didn't know was that the tens of millions of yuan he thought Zhang Yang had was actually leveraged funds in a margin trading account, and his actual funds at the time were only 138 million yuan.

从3月份的800块钱，到7月中旬的6000万，收益率达到了惊人的7499900%。

Why is it possible to achieve this rate of return?
In addition to Xu Zhiruo's sponsorship, Zhang Yang also knew how to leverage external resources.

Take Jianfeng Group for example. If it hadn't borrowed funds from Liao Guopei, it would never have become a leading company.

It is difficult to accumulate initial capital quickly based solely on one's own capital size.

The core of the 7499900% return rate lies in converting other people's funds into your own "original capital" for trading and control.

Faced with praise from his two companions, Zhang Yang humbly said, "It's all the result of our joint efforts; I couldn't have accomplished it on my own."

Liao Guopei: "Don't be modest. We didn't do much. Now that you have a lot of capital, you can become the next Xu Xiang."

"Xu Xiang?"

Lin Guangchang grinned and said, "At this rate of making money, Joker could easily become a leading figure among the new generation of speculative investors."

"Isn't it like this now?"

Liao Guopei countered with a question.

Lin Guangchang was taken aback for a moment, then laughed and said, "You know what, among the new generation of speculative investors, Fuchun Road is indeed unique!"

"Alright, alright, if you keep bragging I'll get arrogant. Let's go home and rest. Tomorrow we'll continue buying Haitong Foods on dips."

Zhang Yang closed his notebook and said.

Their current capital has exceeded 2.66 million yuan, including 5900 million yuan from Zhang Yang plus 690 million yuan in leveraged funds, 7100 million yuan from Lin Guangchang, and 1.3 million yuan from Liao Guopei. They can handle both top-level manipulation and other matters with ease.

Haitong Foods has announced more than once that it will be acquired by Yijing Optoelectronics through a reverse takeover, but few people know what kind of company Yijing Optoelectronics is or what its main business is.

"Okay, see you tomorrow. I'm going back to take care of the kids." Lin Guangchang also closed his laptop.

Because he has a family, he is usually the first to leave. One advantage of freelancing is that the time arrangement is more flexible, but the disadvantage is that it is unstable.

"See you tomorrow."

Liao Guopei stood up.

As a bachelor, he naturally numbed his loneliness at night with alcohol. Shanghai, as expected of a bustling metropolis, had been indulging in various activities for over a month and still managed to come up with quite a few new tricks.

Liao Guopei and Lin Guangchang left one after the other, and Zhang Yang also left the finance conference room and returned to his office.

Since receiving 5000 million yuan in funding from Alibaba, Caiyan.com has doubled in size, with its number of employees reaching 179.

The 41 yuan salary for the first batch of employees has also been successfully paid.

Zhang Yang has only paid himself a salary of 1 yuan so far, and he does not need the funds from Caiyan.com to flow into his own pocket for the time being.

As long as Caiyan.com can go public, or even just become successful, he can easily cash out based on his shareholding ratio.

It's worth mentioning that Alibaba's development team has contacted Zhang Yang, and the traffic entry point will be connected by the end of the month. However, Caiyan.com already supports Alipay for payments.

……

Back in his office, Zhang Yang was no longer the fearsome figure of Fuchun Road for retail investors and speculative capital, but rather the "joker god" who protected stockholders.

He casually turned on his computer and searched for news about the resumption of IPOs, and what came into view were a series of "positive" research reports.

Market researcher Jiao Xingye of the Securities Times commented…

The resumption of IPOs is a sign of restored market confidence, and the financing function is a fundamental attribute of the capital market. A prolonged suspension of new share issuances would lead to the loss of high-quality companies overseas, weakening the competitiveness of the A-share market.
Wang Qiang, a researcher at the Daily Economic News, stated...

The synergistic effect of the resumption of IPOs and the launch of the Growth Enterprise Market (GEM) has jointly promoted the construction of a multi-tiered capital market, provided financing channels for innovative enterprises, and facilitated economic restructuring.
Wang Yiting, researcher at Huaxin Securities:
[The restart is not simply a resumption of IPOs, but rather an accompanying reform of the IPO system that helps optimize resource allocation and promotes a positive interaction between the real economy and the capital market.]
Bohai Securities researcher Zhang Fen:
The resumption of IPOs can alleviate valuation bubbles in small and mid-cap stocks, guide funds towards blue-chip stocks, enrich investment options, and promote improved corporate governance in listed companies.
As for institutions such as China Merchants Securities and Minsheng Securities, they offered warnings...

The market surged excessively in the first half of 2009, with the Shanghai Composite Index rising by more than 50%. Coupled with the peak of the lifting of restrictions on the sale of shares held by major shareholders and non-tradable shareholders in July, the resumption of IPOs may exacerbate the short-term adjustment.

Minsheng Securities also specifically pointed out that the earlier-than-expected launch of main board IPOs compared to the ChiNext board may disrupt the pace of market style shifts and affect the valuation recovery of blue-chip stocks.
The successful listing of Guilin Sanjin and Wanma Cable, coupled with the rise in A-shares instead of a fall, dispelled some of the talk of a liquidity crunch.

Now, mainstream financial media and securities firms have almost stopped shouting about a liquidity crunch and instead believe that the A-share market may really return to the 6000-point range.

Because overseas institutions, such as Goldman Sachs, JPMorgan Chase, and UBS Securities, have repeatedly and publicly emphasized...

[China's economy has bottomed out and is rebounding. The resumption of IPOs is policy support for the economic recovery and will enhance the attractiveness of the A-share market in the long run.]
Only a small number of securities analysts and economists, such as Yang Delong and Liu Jipeng, still insist on talking about a liquidity crisis.

As someone who has been reborn, Zhang Yang knew that the A-share market would crash.

He speculated that the surge on July 15th was due to government funds supporting the market, with the aim of ensuring You'an Group's successful listing.

to be honest.

This funding came with a specific mission.

Once the government's market-stabilizing funds are withdrawn, coupled with insufficient liquidity, the A-share market is very likely to experience a sharp decline.

After pondering for a long time, Zhang Yang began to compile the closing report.

[Financial Research Network Closing Report]: On July 15, the Shanghai Composite Index closed at 3188.55 points, up 1.38%, with a trading volume of 2176 billion yuan, an increase of 38 billion yuan compared to the previous trading day.

The Shenzhen Component Index closed at 13079.26 points, up 0.68%, with a trading volume of 1121 billion yuan, an increase of 140 billion yuan compared to the previous trading day.

You-A Group's fundraising progress has reached 69%, with 5000 million shares issued, accounting for 25.77% of the total share capital after the issuance. The total amount raised is 9.79 million yuan, at 19.58 yuan per share. Special attention needs to be paid to the possibility of a liquidity crisis.
Unlike previous statements that warned of a liquidity crisis, Zhang Yang added the word "especially" to emphasize this point.

A reminder: it's best to stop short of revealing the key points.

He wouldn't openly contradict state funds for the sake of retail investors.

In his previous life, Xu Xiang was sent to jail because he didn't know his limits. During the stock market crash, when the government intervened to rescue the market, he was still thinking about making money, which caused all the government funds to be tied up at the peak.

Having learned from past mistakes, Zhang Yang naturally wouldn't repeat them. He only offered subtle reminders to savvy retail investors within permissible limits.

As for the stupid ones?
Even two oxen couldn't stop them!

As the number of briefing views increased, some retail investors sensed an unusual crisis.

[White Sanctuary]: The financial research website's briefings and intraday alerts are all issued by the great Joker. This time, he specifically mentioned the liquidity crisis. Could it be that the A-share market is really about to plummet?
[Fishing Guy]: I might not believe what others say, but that's Joker, the guardian angel of us retail investors. I'm clearing out my positions tomorrow!

[ColaNotThirsty]: Is this Joker guy really that amazing? Is he a speculative investor?
[Top Player]: Joker is the owner of Caiyan.com. I had the pleasure of chatting with him briefly in a QQ group. If he wanted to become a speculative investor, I think he would definitely be a top-tier player!
[Cat Xiao Jiang]: But Li Daxiao is shouting "Attack Bull" again. Should I believe Li Daxiao or Joker?
[King's Attack]: Li Daxiao only knows how to raise cattle. You'd better trust me than him. I've already thought of tomorrow's cattle. I'll call them Flying Cattle. If they fall, then never mind.

Zhang Yang glanced briefly at the comments section of the briefing, without lingering too long, because he knew very well that retail investors who believed it would naturally reduce or liquidate their positions, while it wouldn't matter what he said to retail investors who didn't believe it.

……

As dusk fell in China, daylight was just breaking out in the United States, far across the ocean.

Omaha.

Villa at 3555 Farnham Street.

Wearing a red tie and a white T-shirt, Buffett drove away from home, heading straight for his Berkshire Hathaway company.

Good morning, CEO.

"Good morning."

"Good morning, Mr. President. You seem to be in a good mood. Is there some good news?"

"Yes, but please forgive me for not being able to say."

Buffett greets each employee warmly, a routine expression of his politeness.

Many people may not know Berkshire Hathaway and think it is a venture capital firm.

That's not the case! It is a diversified investment holding group with businesses covering multiple sectors including insurance, railways, power, manufacturing, retail, and energy.

Compared to venture capital firms that focus on investing in early-stage or high-growth potential startups, Berkshire Hathaway prefers to invest in mature companies with stable cash flow and strong competitive advantages, pursuing long-term and stable investment returns.

Buffett's value investing is not just talk; he truly puts his investment philosophy into practice.

Back in his office, Buffett first checked the gains and losses of US stocks.

The Dow Jones Industrial Average is currently up 1.7%, at 8501.6 points.

In the blink of an eye, the Dow Jones Industrial Average rose another 20 points to 8521.6, an increase of 1.94%.

"A beautiful Wednesday."

Buffett didn't look at it again, but instead went to pour himself a cup of coffee.

By the time he finished grinding the coffee, the Dow Jones Industrial Average had already broken through 8600 points.

Buffett took a sip of coffee. He didn't check the individual stock price increases because he was no longer on the same level as individual stock traders. He only needed to look at the US stock index and then roughly estimate how much his newly acquired Burlington Northern Santa Fe Railway had increased in value.

In 2007, Buffett acquired a 17.5% stake in Burlington Northern Santa Fe Railway for $47.3 billion.

On June 25th of this year, it acquired the remaining 77.5% of the outstanding shares of Burlington Northern Santa Fe Railway for $265 billion in cash and newly issued shares at a price of $100 per share.

With a 95% controlling stake, Burlington Northern Santa Fe Railway is now owned by Buffett.

To ordinary stock market investors, a 3% increase might mean earning tens or hundreds of thousands of dollars, but to a top investor like Buffett, what he values ​​is the value brought by the global economic recovery and the Burlington Northern Santa Fe Railway.

After glancing at the stocks, Buffett opened eBay to check out the latest round of auctions for "Buffett's Lunch".

"264 million, crazy." Buffett couldn't help but exclaim when he saw the number.

However, he did not intervene. He had already announced through the media that any stock recommendation could lead to his early departure.

265 million.

266 million.

267 million.

The price of Buffett's lunch is still rising.

As day and night alternated, darkness fell in America and daylight came in China. Zhang Yang, who had already returned to the company, glanced at the price of 284 million, then looked at Liao Guopei and Lin Guangchang and said, "You guys fought tooth and nail for this, didn't you?"

"spell!"

"Of course!"

Liao Guopei and Lin Guangchang did not hesitate.

Xu Zhiruo, who had already compiled the list of the top ten winners from previous Huaxin Simulated Trading Competitions, asked, bewildered, "What are we competing for?"

"Sharing meals."

Zhang Yang smiled.

He paid a $5000 deposit and then pushed the price up to $290 million.

"Sharing a meal?"

Xu Zhiruo looked puzzled.

"It was me, Joker, Yangjia, and I who pooled our money to bid for lunch with Buffett," Liao Guopei explained.

"So that's how it is." Xu Zhiruo suddenly realized, and quickly declared, "I want to fight too, I want to fight too."

"I'll take you with me."

Zhang Yang said.

To master strategic investing, Xu Zhiruo couldn't stay in a theoretical environment; she had to experience it firsthand on Wall Street.

"Wow, you're actually taking me along? You're so kind, Master."

If there weren't outsiders present, everyone would want to kiss Zhang Yang. How could there be such an outstanding and wonderful man in the world?

"Of course I'll take you with me, after all, you call me master."

While Zhang Yang was speaking, someone offered $291 million, eliminating Zhang Yang's bid. However, in the face of absolute financial power, the other party's efforts were in vain.

Besides the funds from Caiyan.com, he also has his own funds, so no one can take them from him.

As noon approached, New York time, which is 12 hours behind Beijing time, was also nearing midnight.

301 million.

305 million.

309 million.

The other party still hasn't given up.

Zhang Yang bid $3.2 million, and as the one-minute countdown ended, an eBay website popped up a window announcing the successful bid.

[Congratulations on winning the bid for the opportunity to have lunch with Mr. Buffett in 2009 for $320 million. Our staff will contact you via email shortly to confirm payment. After successful payment, you can contact our staff one month in advance within one year to arrange the lunch with Mr. Buffett. Thank you for your contribution to philanthropy.]
(End of this chapter)