Starting with a fully invested A-share portfolio to become a capital...
Chapter 168 The Truth About Economic Cycles, Buffett "Endorses" Financial Research Network
Chapter 168 The Truth About Economic Cycles, Buffett "Endorses" Financial Research Network
[Gerndale Taylor] (US): Is this Chinese man questioning Mr. Buffett's assessment of the economic recovery? Oh my God, who gave him the audacity?
[Chris Zell] (UK): I studied macroeconomics in university, and this Chinese person is right. The economy does indeed follow a rhythm of four phases: prosperity, recession, depression and recovery. Moreover, depressions often last for decades and it is difficult to enter the recovery phase in a short period of time.
[Shinya Toyama] (Japan): How dare they question Warren Buffett! Chinese people are so rude! Smith & Wollensky restaurant should kick these people out!
[Haba Sanders] (India): Our Indian service industry is number one in the world. Welcome everyone to visit India. Also, I strongly support Mr. Buffett. He is definitely right.
[Kim Seok-dae] (Korea): We cannot know for the time being what stage the world economy is in, but what is certain is that since the Internet found its value anchor in 2003, global GDP has been growing rapidly. If we take 2003 as the boom period and 2007 as the recession period due to the subprime mortgage crisis, it is impossible to cross into the boom period in just two years.
Zhang Yang's questioning was like a stone thrown into calm water, creating ripples that made countless viewers ponder, including economists such as Yang Delong, Li Daxiao, and Liu Jipeng who stayed up all night to watch the live broadcast.
At this moment, Yang Delong closed his eyes and pondered Zhang Yang's words repeatedly.
It's true that the economy is like a wave.
It's not wrong for the economy to go through four stages.
What is certain at present is that since the subprime mortgage crisis in 2007, the world economy has shown a very obvious downward trend, which is a visible sign of a recession.
"Suppose that the period from 2003 to 2007 was a period of prosperity, and the world economy entered a recession at the end of 2007, how could the three stages of recession, depression, and recovery be completed in just two years?"
Yang Delong muttered to himself.
He thought about it over and over again, and it really didn't conform to the economic cycle law.
What is the economic cycle law?
Simply put, it refers to the cyclical nature of economic operations. Its four stages are predetermined and almost impossible to interfere with.
Take ancient dynasties for example. When they were first established, all parties were at peace, and there was often a short period of prosperity. However, as one power developed rapidly, the balance was broken, and the dynasty would decline. As its foundation was exhausted, a new dynasty would replace the old one, redistribute the interests, and another period of prosperity would occur. This is the dynastic cycle.
The same applies to economic cycles. For example, the spinning jenny of the First Industrial Revolution was like a new force that disrupted the balance and pulled humanity into the industrial age.
With a significant increase in production efficiency and a sharp rise in commodity output, the unused capacity led to overproduction by enterprises, which failed to recover production costs. As a result, many enterprises that had expanded through credit went bankrupt, thus creating an economic turning point.
Meanwhile, Bao Xingwei, the "fake academician" in Yanjing, remained calm and composed, as if he had known the truth about this round of economic recovery all along.
The four stages of prosperity, recession, depression, and recovery are inevitable and an immutable law.
However, with in-depth research into macroeconomics, capital at the top of the pyramid has discovered that while the major economic cycles cannot be changed, the smaller economic cycles can be regulated.
This is like a pullback in a downtrend stock. The big players can create a pullback to lure in more buyers, but the downtrend will still continue.
"Is Zhang Yang trying to expose the truth? What is his purpose?" Bao Xingwei was a little confused.
One minute.
five minutes.
ten minutes.
He still couldn't figure it out.
Revealing this secret will bring Zhang Yang almost no benefit; on the contrary, it will offend the capital that controls the economic cycle behind the scenes.
……
And on the other side.
Smith & Wollensky restaurant.
Men's restroom.
Buffett took his SCH-U320 flip phone out of his pocket and dialed Cecil Williams, the head of the Glide Foundation and its founder.
Good afternoon, Mr. Buffett.
The other person greeted them.
"Good afternoon, Pastor Williams. I would like to inquire about Zhang Yang, who had lunch with me, and his specific identity."
Buffett got straight to the point.
“We are only responsible for liaison; we really don’t know the specific identity information. Maybe he’s a member of a large family in China? We really don’t know,” Cecil Williams responded quickly.
"Okay, sorry to bother you."
"I wish you a happy life."
"You too."
After hanging up the phone, Buffett contacted the head of eBay to get more information about him.
Like Cecil Williams, the other party was also unaware of Zhang Yang's specific identity, only knowing that he was the founder of Caiyan.com.
China is an extremely mysterious country in the eyes of Western people.
Because of the deliberate sensationalism and avoidance of propaganda by Western media, before the 2008 Beijing Olympics, many Westerners still believed that China was still in the agricultural stage, and some even thought that Thailand was more industrialized than China.
However, after the 2008 Beijing Olympics, a brand-new industrial image was presented to the world, which also made international capital frequently want to enter the Chinese market.
Following the Glide Foundation and eBay, Buffett contacted his partner Charlie Munger, asking him to immediately investigate Zhang Yang's background and find out which financial entity was behind him.
"Who exactly is Zhang Yang's capital? What is his purpose?" Buffett closed his flip phone, a look of confusion flashing in his eyes.
Zhang Yang's question just now clearly came with an answer in mind.
The reason he is so certain that the world economy will recover is that Jewish capital and Onsa Capital have reached an agreement to try issuing a large amount of US Treasury bonds and use massive monetary easing to reverse the economic cycle.
Why is it called a small cycle?
Because major cycles are unavoidable; they are destined to come.
Just like death, even if you use the best medicine and get the most expensive injections, you can only prolong life, not avoid it.
As for Onsa Capital, it is a super-capital conglomerate that rivals Jewish capital and can influence the global economy.
Unsharp capital originated in Britain and grew alongside colonial expansion and the Industrial Revolution. After the rise of the United States, its influence further increased, and it is now one of the two major capital groups in the United States, mainly controlling traditional industrial sectors, especially in oil and gas, military industry, and manufacturing.
If you haven't heard of Onsa Capital, try calling it Onsa Military-Industrial Complex; some people might recognize the name.
Globally renowned arms giants such as Lockheed Martin, Boeing, Northrop Grumman, General Dynamics, and Raytheon all have close ties with Onsa Capital.
By leveraging the special international status of the US dollar, the US has been able to issue unlimited amounts of Treasury bonds, forcing other countries to follow suit and reverse economic cycles. The price of this is the overspending of the future economy.
Because Zhang Yang is a reborn person, he knows about the inflation changes after 2009. Behind this economic recovery lies a long-term economic deflation that cannot be reversed in the future.
to be honest.
This is mortgaging the future economy.
Buffett couldn't possibly be unaware of the truth about the economic recovery, but he absolutely couldn't reveal it, because it concerned the strategic deployments of both Onsa and Jewish capital, and he wanted to live a few more years.
……
Beijing, China.
Qihoo Technology Headquarters Building.
Wearing a red polo shirt and shorts, with a scruffy beard and unkempt appearance, Zhou Hongwei quickly parked his car and went into the building.
"Mr. Zhou."
When the receptionist saw someone come in, she initially thought it was a homeless person, but it turned out to be Zhou Hongwei.
"You go about your business."
Zhou Hongwei quickened his pace, arrived at the elevator lobby on the first floor of the building, and went inside.
Just twenty minutes ago, Zhou Hongwei received a call from Xu Yan'an.
Upon learning that a financial website in which Xu Yan'an's daughter had a stake had been maliciously attacked and sought his help, he immediately patted his chest and promised to take care of everything.
Since we both work in the same circle in Beijing, we've met a few times.
The higher up the circle, the fewer the number of people, and the higher the overlap.
After hanging up the phone, Zhou Hongwei assumed it was just a regular hacker practice session, so he called Miao Yang in the technical department and asked him to handle the matter.
Just as he closed his eyes to rest again, Miao Yang's phone rang.
Miao Yang discovered through tracking technology that the attack originated from several well-known companies, and was not carried out by ordinary hackers.
Having already made that promise, he had no choice but to gather the technical staff overnight and personally rush back to the company headquarters.
"Ding--"
The elevator door opens.
Zhou Hongwei went straight to the technology department.
As he stepped into the office area, the twelve people who had been urgently recalled to the company immediately stood up.
"Mr. Zhou."
"Mr. Zhou."
"Please sit down," Zhou Hongwei said, gesturing for everyone to sit. He then asked, "Miao Yang mentioned seeing penguins earlier. What exactly happened?"
"That's right, Mr. Zhou."
At this moment, a tall, thin man wearing a plaid shirt and dull black-rimmed glasses stepped forward and said, "We just used anti-tracking technology to find the source of the attack. In addition to Shanghai and Guangzhou, we also found the source of the attack in Shenzhen. We focused on tracing the source of the attack in Shenzhen and found that it was the neighborhood where Tencent's headquarters are located."
"..."
Zhou Hongwei fell silent. He wasn't close to Xu Yan'an, and he should have declined if he had known it involved Tencent.
But he had already said it, and he couldn't say he couldn't solve it. If word got out, he might become a laughing stock in Beijing's social circles.
"Hack their computers and download 360 Security Guard for them to show our stance."
Zhou Hongwei said in a deep voice.
He didn't want to go too far, so he could only choose a compromise.
"receive."
"Okay, Mr. Zhou."
After responding, Qihoo Technology's technical department demonstrated its strong capabilities, overcoming the virus protection set up by the opponent in less than half a minute.
The moment the desktops of the technical departments of Tencent, NetEase, and Eastmoney displayed a notification that 360 Security Guard had been downloaded, the air seemed to freeze.
The intrusion was completely undetected, and the security software did not react at all.
Shen Jun was unaware of what had happened. When he received Lin Yuan's call, he instinctively asked, "What's wrong?"
"Qihoo Technology may have intervened. Our computers in the technical department have all had 360 Security Guard downloaded, and their IP addresses and information may have been leaked."
"!!!"
As soon as Lin Yuan finished speaking, Shen Jun instantly realized the seriousness of the situation.
The fact that the other party has the ability to control the download of software on our computers indicates that we have been completely infiltrated. Once this matter comes to light, Eastmoney will be the one to suffer.
"Things have come to this point, we can only take a long-term view," Shen Jun murmured to himself.
He was unusually decisive and said in a deep voice, "Immediately shut down all scripts and clear all traces. Don't give them any leverage."
"Yes, Mr. Shen."
Lin Yuan immediately hung up the phone.
They've definitely been caught red-handed, but they still have ways to remedy the situation.
That is to proactively implant botnet programs to fake the fact that one's own computers are out of control, so that there will be room for maneuver later.
It wasn't just Eastmoney; Tencent, NetEase, and Sina—all the companies that wanted to take advantage of the situation—became honest and law-abiding after Qihoo Technology, the cybersecurity behemoth, got involved.
When the bandwidth and memory of the Caiyan.com server returned to normal, Dai Shuhan breathed a sigh of relief and said, "The cyber trolls have finally stopped."
He wiped the sweat from his temples, looking completely exhausted.
At this moment, the marketing department and Caiyan.com's own technology department cheered, celebrating this hard-won victory.
"Haha, the website is accessible now!"
"It's back to normal!"
"As expected of Alibaba's technology department, their capabilities are truly impressive, awesome!"
"Brilliant!"
"Hahaha, awesome!"
Everyone cheered. Dai Shuhan first sent an email to Xu Zhirou, and then called Jiang Haoran from Alibaba.
Not a moment.
The call was answered.
"Manager Jiang, thank you so much! Our website is now accessible again."
DoS attacks do not cause serious damage to servers. It's like a crowd crowding a store; once the crowd disperses, the store can reopen.
If malicious code is injected and tampered with open-source libraries or server data, then such a fix will take time.
"It's a minor issue; access will be restored."
Jiang Haoran forced himself to remain calm.
Dai Shuhan didn't notice anything amiss and thanked him again: "This is no small matter; it concerns a huge investment of tens of millions of yuan in Caiyan.com. When President Zhang returns to China, I will definitely tell him that Alibaba solved this cyber attack for us."
“Um…” Jiang Haoran hesitated for a moment, then said, “You’re too kind. You go ahead and do your work. We still have things to take care of here.”
"Alright, then I won't bother Manager Jiang any longer."
"it's okay no problem."
After hanging up the phone, Dai Shuhan sighed, "It's all thanks to President Zhang's foresight. If we hadn't gotten Jiang Haoran's phone number, we wouldn't know who to contact to deal with the attack on Caiyan.com tonight."
……
Smith & Wollensky restaurant, New York, USA.
The moment Caiyan.com was restored to access, Xu Zhirou whispered to Zhang Yang, "It's accessible now."
"That's good."
Zhang Yang breathed a sigh of relief.
Before receiving investment from Alibaba, he had given special consideration to cybersecurity issues, and as soon as the 5000 million yuan was received, he expressed his intention to build his own technical team and completely get rid of technology outsourcing.
However, getting rid of technology outsourcing is not something that can be done overnight; it will take several months, or even half a year, to gradually replace it.
The liquidity crisis in the A-share market is already beginning to emerge. Combined with Zhang Yang's memories of his past life, he needs to attract the most users to Caiyan.com in the shortest possible time and use this crisis to showcase the website's professionalism.
Just then, Buffett, who had been missing for a long time, returned from the restroom. As he sat down, he gave Zhang Yang a meaningful look, as if he wanted to remember the young man's appearance.
"Awaited."
Buffett sat down again.
During his absence, Charlie Munger has contacted several information agencies to investigate Zhang Yang's background and connections.
The available information is very limited. All that is known is that the person graduated from Shanghai University of Finance and Economics in 09, founded Caiyan.com, and received a 5000 million yuan investment from Alibaba...
Personal background information?
blank!
Yes, it's almost completely blank!
There are two situations where a blank space indicates that the family background is not worth including in the information agency's database, thus falling under the category of "worthless".
The second possibility is that his family background is so well hidden that even international information agencies cannot obtain it.
Buffett prefers the second type of CEO who possesses economic acumen and has received tens of millions of dollars in investment from Alibaba.
Since access to Caiyan.com had been restored, Zhang Yang didn't continue to make things difficult for Buffett. After all, the other party was unlikely to reveal the truth. So, he took the initiative to offer Buffett a way out:
"I've thought about it carefully just now, and perhaps my viewpoint is wrong. The subprime crisis may not necessarily be the turning point of this economic cycle. Just like a pullback during a stock market uptrend, it doesn't necessarily mean that the uptrend is weak. Let's ask Mr. Buffett to examine my wealth research website from an investor's perspective."
Buffett: “…”
good good!
Is this how you play it?
He had already prepared his explanation, but Zhang Yang took the initiative to give him a way out.
After hesitating for a moment, he went along with it and said, "I'm really looking forward to your website."
Zhang Yang stepped out of his seat and went to Buffett's side. As he placed his laptop in front of him, he quickly typed "US debt" into the browser search bar and then clicked on the website address of the financial research website in his bookmarks.
When Buffett saw "US debt," his heart was in turmoil, but he remained outwardly calm.
"As expected, he came with the answer."
"But what is his purpose?"
Buffett was puzzled; he couldn't figure out this young man at all.
Just as Zhang Yang pointed out regarding "US debt," this round of economic cycle adjustment is indeed inextricably linked to US debt.
According to Berkshire Hathaway's macroeconomic analysts, the world economy will enter a recession starting in 2007. As for when it will emerge from the depression and enter a recovery period, it depends on the redevelopment of the Internet. Many traders are betting on 3G networks and mobile smart devices.
They believe that the huge market brought about by 3G networks and mobile smart devices is enough to help the world economy escape the recession and enter a period of recovery.
But this time will not be 2009, but 2011, or even further back.
However, the variable of US debt has brought forward the recovery period by several years. Buffett knew that this was a time bomb, and once it exploded, it could potentially destroy the existing world economic system.
Therefore, he cannot speak out, because if he did, he might face a classic case of "being shot six times in the back and judged to have committed suicide."
After Zhang Yang took the initiative to admit his mistake, countless viewers watching the live stream were bombarded with messages from various platforms.
[Teruji Yamamoto] (Japanese): Those Chinese who didn't know their own limitations are lucky to know to pull back from the brink, otherwise they would have made a fool of themselves!
[Liatti Tennis] (France): Mr. Buffett's judgment is certainly correct. He said the economy is recovering, and the economy is definitely recovering. I hope the Chinese people will not make fools of themselves.
Massimo Carter (USA): "A single sentence on value investing has led the way for decades. How dare you, a mere upstart, question the god of the investment world?"
[Tran Bates] (English): Luckily, he gave himself a way out, otherwise Mr. Buffett's views would have thoroughly crushed him!
[Qasimir Nes] (India): Chinese people are so arrogant, unlike us Indians who are humble and polite. Welcome everyone to India for tourism. Our service industry is number one in the world.
While news from various overseas platforms was constantly criticizing Buffett's outspokenness, he scrolled through the various functions of the financial research website.
On July 20, the Nasdaq index opened sharply higher. It closed at 1886.61 on July 17 and opened at 1896.99 on the 20th. It has now reached 1902 points, with an increase of 0.55%.
Not only the Nasdaq, but also the Dow Jones Industrial Average and the S&P 500 rose, reaching 8847.34 and 951 points respectively.
In addition to US stocks, Caiyan.com also provides data from major stock markets such as the UK FTSE, France CAC, and Germany DAX.
After browsing for a while, Buffett asked, "Is your website a global one?"
"Currently, the majority of investors are Chinese stock market investors."
Zhang Yang responded.
"The financial research website has very comprehensive functions. It not only has technical indicators, but also real-time data on global stock markets. What surprised me was that you also include financial news from the United States and Europe. If it is only aimed at Chinese stock investors, wouldn't that be a waste of its potential?"
Buffett asked again.
While I don't know the specific registration details of Caiyan.com, from a purely visual perspective, it's comparable to any other financial website.
However, there was one thing that puzzled him: he had searched for a while but couldn't find the entry point to the fund page, and he didn't see any advertisements either. This made Buffett wonder how Caiyan.com made a profit.
"China has a huge number of stock market investors, who are an indispensable part of global investment funds. There's no question of wasting their potential," Zhang Yang stated, extending an invitation:
"We also welcome users from all over the world to use Caiyan.com. Our team will provide more professional content to serve every user."
While there are no obstacles for people abroad to access the Chinese internet, the biggest challenge for Caiyan.com is its complete English translation.
Currently, Caiyan.com has a 15-person translation team whose main task is to translate Caiyan.com's daily content into English, primarily for investors in other Asian countries.
Buffett still didn't realize that Zhang Yang was advertising. He asked in bewilderment, "The various functions of Caiyan.com are all good, but I have a question: how does it make a profit?"
"Currently, it's a membership system."
Zhang Yang responded.
Buffett: "How much?"
“120 Chinese yuan a month, which is 17.5 US dollars,” Zhang Yang replied calmly.
"$17.5?" Buffett was somewhat moved, and then asked, "Is it $17.5 to access the market data, or is it $17.5 to unlock other functions?"
"Viewing market data is free. A monthly membership for $17.5 unlocks the financial research website's proprietary market research report channel and intraday alerts."
"free?"
"free."
"This price is too cheap."
Buffett remarked that $17.5 was merely the price of a market research report, yet it allowed access to market research reports produced by Caiyan.com, as well as intraday alerts.
He didn't know how the intraday alert function worked, but he had read a market research report on the macroeconomy, which was of average quality, and selling it for $5 was no problem at all.
"If 10 is a perfect score, Mr. Buffett, what score would you give Caiyan.com?" Zhang Yang continued to subtly guide him.
"For $17.50, such a comprehensive website, I would give it a 9 out of 10. The 1 point deducted is that it is not internationalized."
Buffett joked.
"Thank you very much for your praise." Zhang Yang's lips curled into a faint smile; he had been waiting for Buffett to say those words.
It was precisely after these words that, the moment the broadcast was relayed back to China, Dai Shuhan, who had been watching the live stream, made a decisive move and quickly walked out of his office, saying, "New promotional copy: Caiyan.com, a financial website recommended by Buffett!"
"hiss!"
"what?"
The marketing staff were shocked. "You can do this? Aren't you afraid of being sued for copyright infringement?"
Dai Shuhan minored in law during his university years, and he was well aware that he was skirting the law. Besides, Buffett did recommend Caiyan.com.
Even if Buffett comes to China to file a lawsuit, feeling that his right to reputation has been violated, the complexity and approval process of international lawsuits will generally take one or two years.
What does Caiyan.com need now?
Any means necessary to achieve profit!
Zhang Yang had held a meeting and made it clear that he had signed a "betting agreement" with Alibaba, and that failing to meet the agreement would mean certain death, so now was the time to go all out.
Most importantly, before Zhang Yang went abroad, he instructed Dai Shuhan to conduct marketing around his conversation with Buffett.
……
With the release of the new copy, a large number of self-media bloggers who had received payment and were on high alert, as well as promoters from Caiyan.com, began to flood the internet with posts and generate buzz.
Shocking! A financial website strongly recommended by Warren Buffett – what makes it so special? Let me tell you!
Even Buffett uses Caiyan.com; you might be just one financial website away from becoming a stock market guru. Click the article link to register and get a free 30-day membership!
First, Alibaba invested 5000 million yuan; then, Warren Buffett gave it a perfect score. Just how good is Caiyan.com? Let's take a look at our ten-day feature test and review!
Congratulations to Warren Buffett on becoming the global ambassador for Caiyan.com! Caiyan.com is amazing! Want to become a stock market guru? Go to Caiyan.com!
The bombardment of self-media matrix and the repeated promotion by promoters caused Caiyan.com's traffic to surge instantly, leaving many uninformed investors confused when they saw the headlines.
[Little Kid]: Just woke up and scrolled through Weibo for a bit, and found out that Buffett is endorsing a financial website? Is Caiyan.com really that powerful?
[Kongshan Coffee Shop]: I was there during the live stream just now. Buffett really gave Caiyan.com a high rating. Caiyan.com is awesome!
[Love you spinning around]: Goodness, Caiyan.com has even made it to the top of the trending searches. Is this the traffic that Warren Buffett has?
[Little Swallow Flying]: I have a question. If I use Caiyan.com, can I also achieve a 25% compound annual return like Buffett?
Because it was early morning, Dai Shuhan only spent 10 yuan to promote the topic "Buffett strongly recommends financial research website" which was already trending on the hot search list, and pushed it to the top spot.
How famous is Warren Buffett?
It's no exaggeration to say that even ordinary people who don't invest can easily name him and his title.
He's a stock market guru, and that's no exaggeration!
The number of registered users on Caiyan.com has increased rapidly as online public opinion has grown.
14.6 million.
14.9 million.
15.3 million.
When the number of registered members on Caiyan.com exceeded 15, the marketing staff took out the fireworks they had prepared in advance.
"Bam—"
"Bam—"
Countless pieces of gold, red, pink, and all sorts of colored paper exploded in the air and then fell one after another.
“Four million!”
"By daytime, it will be at least 20!"
"Not just 20, but 30!"
"No, no, no, I think it's 40!"
For employees of a startup, once the financial research website grows and expands, they will become senior and experienced employees, and their salaries and benefits will naturally increase accordingly.
In a sense, the interests of the first generation of employees were tied to those of the company.
The marketing department is so excited not only because they see a bright future, but also because of the promised year-end bonuses and performance bonuses.
To make a horse run, you have to feed it grass. Zhang Yang once promised the marketing department a pie-in-the-sky bonus: if the number of registered users exceeded 50 by the end of the year, each person would receive a performance bonus of 1 yuan, plus an annual bonus no less than the performance bonus.
It is precisely because they are paid that the marketing department employees have a constant source of motivation every day.
What workers fear most is not working overtime, nor putting in the effort, but rather working hard yet receiving no reward.
……
And at the same time.
the other side.
Shen Jun, the CEO of Eastmoney, couldn't sleep at all. Looking at the news headlines spreading online, he couldn't help but slap his forehead and say, "I'm such a pig, I didn't even think of using Buffett for publicity."
$320 million is more than Eastmoney can afford, but Shen Jun, along with the marketing department and other vice presidents, did not expect this kind of marketing.
If he could go back to July 16th, he would definitely compete with Zhang Yang in terms of wealth.
Not only Shen Jun of Eastmoney, but also Yi Zheng, the CEO of Tonghuashun, couldn't sleep. The promotional copy of Caiyan.com was so good that even his competitor wanted to register. It was an advertising case that could be written into a textbook.
"Why didn't I think of that!"
"I should have been able to figure that out!"
"I can't believe I didn't think of that!!!"
Yi Zheng muttered to himself, now he really regretted it. At the same time, he also realized that Tonghuashun's decision-making team needed a change of personnel. He needed more opinions and could no longer follow the established procedures.
Ma Yun, who witnessed the entire event tonight, is now holding a warm cup of coffee, savoring it while browsing promotional materials online.
"Buffett strongly recommends it."
"Used by Buffett."
"Buffett endorses it."
"Zhang Yang is really not afraid of being sued."
Ma Yun took another sip of coffee, switched back to the live stream, and watched Zhang Yang still chatting with Buffett. She commented, "Perhaps it is precisely because of this unconventional approach that he has the confidence to achieve a net profit of 1 million yuan in two years."
A two-year, 1 million yuan performance-based agreement is unlikely to be achieved through conventional means, given that this is a top-tier company.
Even major financial websites like Tencent Finance, NetEase Finance, Baidu Finance, and Sina Finance have failed to break into the top ranks of financial websites. If Caiyan.com wants to stand out, it must take an unconventional approach and not blindly follow the rules!
(End of this chapter)
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