Facing Professor Yan's inquiry, Chen Qiaoshan knew that he was going to suffer. With his knowledge of economics, there was no room for resistance in front of senior university professors.

Fortunately, Chen Qiaoshan was not completely unprepared. He had already prepared some remarks. As for whether he could fool him, it all depends on his luck.

Chen Qiaoshan said calmly: "I am quite interested in the stock market and I like to read some financial news. I just found that these two companies have problems."

Professor Yan didn't agree after hearing this, but just glanced at Chen Qiaoshan and asked, "Are you trading stocks?"

Chen Qiaoshan nodded. There is nothing to hide. There are many young people who are trading stocks these days, and there are many investors younger than him.

He knew that Xu Xiang, who was known as the leader of the "Ningcheng Daily Expenditure Squad", entered the market with tens of thousands of yuan at the age of fifteen, much earlier than Chen Qiaoshan.

Of course, there are family factors in this. The Xu family trades stocks together, and Xu Xiang has a family background.

Professor Yan had a little more exploration in his eyes and stared at Chen Qiaoshan and asked: "There are so many listed companies in Shanghai and Shenzhen. Why do you find that there are problems with these two companies? They are both located in the northwest and there are connections between the two companies. How did you notice it? It's not really just a coincidence, right?"

Chen Qiaoshan felt very annoyed and felt helpless. This question is really hard to answer.

Could it be to tell Professor Yan that he knew that the hop collapse was the fuse of the Delong Group's collapse, and he needed to use the Delong Group's collapse to raise a big banner and make a fortune by the way? Of course, his thoughts can only be thought about in his mind.

Chen Qiaoshan thought for a while and said, "The physical businesses of these two companies are very good, but the company's stock prices have increased by more than ten times, which is very different from the profits disclosed in the annual report, which has attracted my attention."

Professor Yan immediately asked: "From an economic perspective, the stock price will not be directly affected by the company's profits or losses in the short term, and will rely more on the growth of the company's future performance. You have not conducted on-site investigations, why are you so sure that there is something wrong with these two stocks?"

Chen Qiaoshan was completely speechless. He couldn't help but complain in his heart that this old man had too many problems, and he would definitely not be able to withstand this if he continued like this.

He argued strongly: "It is not difficult to see from the annual reports disclosed by the two companies that their price-to-earnings ratio is too high, their net profit margin is too low, and their stock prices are at a high level for a long time, so there must be problems."

"I heard you are a freshman. Have you ever taught yourself economics?"

Chen Qiaoshan shook his head. He knew in his heart that this matter could not be said nonsense, and it would be revealed in just a few words.

Professor Yan smiled and said, "Do you understand the debt-to-asset ratio, turnover ratio, and interest protection multiple?"

Chen Qiaoshan shook his head again. He had seen these words, but unfortunately the specific meaning was not clear.

Professor Yan said: "If you don't even know the latest financial knowledge, you can understand the annual report of listed companies?"

Facing Professor Yan's questioning, Chen Qiaoshan felt very embarrassed.

These words were just excuses he prepared. Unexpectedly, Professor Yan exposed them in person. However, now he doesn't care about these things and has to find a way to make up for them, otherwise he will be exposed if he continues to ask.

"Professor Yan, I don't think it's necessary to understand economics when trading stocks. After all, most of the investors are ordinary people."

Chen Qiaoshan said that he paused here, and then organized his words in his heart before saying: "I just believe it. No matter what good news there is on the market, the company's actual performance is the key."

He slowed down and continued: "It is unethical to say a thousand words and ten thousand, and the essence of stocks is shares. Some listed companies always use meaningless benefits to fool shareholders."

Yan Zhijie was a little surprised. It was a complete accident when he met Chen Qiaoshan today. Thinking of the news he saw online a few days ago, he was curious and wanted to talk to him. Unexpectedly, there were still some unexpected gains.

When Professor Yan thought of the things on the Internet, he couldn't help but ask: "Can I ask, why do you publicly question these two companies?"

Chen Qiaoshan was stunned. This question was not unexpected. He said righteously: "I don't want them to continue to cheat investors' money!"

His words were spoken with great sound. As for whether others believed or not, it was not his business. Let's fool the moment before talking about it.

Professor Yan smiled, looked at Chen Qiaoshan with a deep look, pondered for a moment, and then said, "I don't know if these two companies have any problems, but I know one thing. It's hard to find any problems with just a financial report."

Chen Qiaoshan was a little stunned, not knowing why the old man said this.

Professor Yan saw his doubts and then explained: "The annual reports of listed companies must be reviewed repeatedly by the securities department, finance and accounting firm, and it is difficult for even professionals to find out the problem."

The implication is very clear, that is, Chen Qiaoshan’s previous explanation is not valid, and he can’t even understand the financial report, let alone find out the problem from it.

"Do you have some solid evidence when you fire on the Internet with such a big move?"

Chen Qiaoshan felt his heart beating wildly, and he felt like he was stripped naked and showed it to the public.

Although he had been prepared to be questioned and had done a lot of homework for it, he was really exposed in person, which felt really bad.

Neither of them spoke again, and the scene was a little awkward for a moment.

After a while, Professor Yan said, "I'm just a bad old man. Today we're just talking a few words and saying whatever you say. If you don't like it, just pretend I've never said anything!"

Chen Qiaoshan breathed a little relieved. He could understand the old man's words and couldn't help but feel grateful.

After a pause, Professor Yan said again: "Xiao Chen, you are very talented, but you still need to work harder. You should know that there are many talented people, but few people have succeeded. I hope you can calm down and study and don't worry about other chores!"

Chen Qiaoshan smiled bitterly in his heart. He knew that Professor Yan had a kind heart, but he could not really let go of everything.

"Professor Yan, thank you for your reminder, I will pay attention to it in the future."

This sentence is not entirely true, but it is used to pay attention rather than correct it, so the meaning is very clear.

Yan Zhijie frowned and sighed slightly. Today was a whim. He didn't want a good seedling to grow crooked. He thought that persuasion would play a role, but now it seems that there is little hope.

Professor Yan stood up and patted the brick dust stained on his pants, looking a little lonely.

When people get old, they can't help but like to talk about their shortcomings, but young people may not like to listen. It seems that they should talk less in the future.

Professor Yan looked at Chen Qiaoshan who was standing up, and felt a little uncomfortable. He advised earnestly: "Xiao Chen, don't blame me for being too verbally speaking. I will rely on my seniority to say something. The current domestic economic environment does have many flaws and loopholes, but some things cannot be done casually!"

Chen Qiaoshan was shocked. Could it be that this old man saw through his intentions?

He couldn't help but look up at Professor Yan, but saw that the old man's eyes were calm and he could not see any other meaning. Chen Qiaoshan was also a little confused for a moment.

Professor Yan said lightly without waiting for his reaction: "I'll leave first, you can think about it yourself!" After saying that, he turned around and left without waiting for Chen Qiaoshan to express his opinion.

Chen Qiaoshan stood there, watching Professor Yan walk away slowly, and couldn't help but feel a little confused. He couldn't help but wonder if he had done something wrong, but then he thought, it was really difficult to make a name for himself these days.

There is no money or power. It is so difficult to establish oneself and develop in the Yanjing area.

Chen Qiaoshan wants to make achievements in the Internet field, but today's Internet is about who can burn money. He knows the future history, but so what can he do? He has no capital to watch others perform.

Copy Taobao? Although Taobao is only less than half a year old, Ma Zhongbo holds a check of 80 million US dollars issued by Masayoshi Son, and there are also enemies such as eBay, Dangdang, and Amazon on the market.

Is it a QQ? Sina's uc in 2004, Giant's 51 in 2005, and Microsoft's MSN all ended up miserably, these are all lessons from the past.

Or build a school, but what is Chen Qiaoshan fighting with Chen Yizhou?

This guy still has the 4 million shares that Sohu paid him. Now Sohu's share has risen to $40. This is undoubtedly an astronomical figure, which has increased a lot from the valuation of $30 million at the time.

Chen Qiaoshan could see clearly that today's era full of opportunities is already an era when money is king. It's a mess that bbs have no money to buy servers and can only be chased away. This is the most real Internet world.

Chen Qiaoshan stayed quietly in Yannan Garden for an afternoon, and didn't go anywhere. He sat next to a deserted old house and thought silently for a long time.
Chapter completed!