After a few greetings, the few people sat down and waited for the waiter to send a few cups of tea, and everyone started to talk, but the topic did not begin.

"Joe, I just heard Professor Qian say that you actually refuted Professor Li's paper?" Paulson asked curiously.

Although Chen Qiaoshan didn't mind showing his face, he still tried his best to protect the face of domestic scholars in front of this person.

It is also a tragedy in the academic community. In this era, the domestic economy has finally begun to sync with the international community, but the problem is right in front of us. There are only a handful of economists who can promote China in the international academic community, and there are even fewer people who can go to the trade negotiation table.

As far as Chen Qiaoshan knows, only Yao Yang, Yu Yongding, Bai Chongen, Li Daokui and Fan Gang count them in detail. There are only a few other economists with some academic influence in the international community, either have extreme thoughts or have high standards when they go abroad. Most of the remaining ones are just piles of old papers. There are not many who are really willing to put down their airs and argue with Americans.

Chen Qiaoshan knew that the big boss in the American financial industry in front of him was a China Communications Corporation and would become the main enemy of domestic foreign trade in a few years, so he naturally had to maintain the reputation of domestic scholars.

"Mr. Paulson, this may not be accurate. I just happened to find a small mistake by Professor Li."

"Small mistake?" Paulson was obviously very suspicious.

Chen Qiaoshan sighed in his heart. It was really unhappy to help someone wipe his butt. However, thinking about the upcoming Sino-US trade war in a few years, he didn't want to add any variables to the middle. He had to say: "Mr. Paulson, we all know that finance needs to think about problems rationally. Quantitative models are very important. If the data is insufficient, the problem will be difficult to quantify and process. At this time, logical reasoning must be used."

After pausing, Chen Qiaoshan continued: "The conclusion is the only one, but there is a lot of evidence, which requires scholars to make trade-offs based on their instinct. I believe that Professor Li just happened to choose a flawed evidence."

Paulson shrugged, "You are Professor Manquin's point of view. As far as I know, like Professor Manquin, Professor Lee is also a loyal believer in Keynesianism."

Chen Qiaoshan was very helpless. This is really a Chinese expert. As a pivotal boss in the global financial field, he actually knows domestic scholars so clearly. No wonder he chose to enter politics in a few years.

"Which theory doesn't matter, for example, to increase the return on investment, it can reduce costs or increase asset utilization. Although the methods of the two are different, the results are the same."

"Well, I admit, your point of view is very novel. It seems that you are indeed very financially talented!" Paulson nodded.

Chen Qiaoshan was a little confused. Where did he start?

Professor Qian smiled and said, "I agree with this point of view. Peking University Qiaoshan is very famous, and even my lover and daughter have told me."

Chen Qiaoshan just smiled. He knew his weight. He was a scholar and a financier in front of him. None of them was easy to deal with. After thinking about it, he simply asked directly: "Mr. Paulson, don't you know what you are doing to me today?"

Paulson's expression became a little serious: "Joe, Goldman Sachs is the most professional financial group in the world. We pursue the interests of customers forever, but not long ago, we received complaints from customers."

Chen Qiaoshan was a little confused. This had something to do with him. Is it necessary to come to him? He said directly: "I don't understand what you mean."

Paulson laughed, "I'm sure now that you have nothing to do with this, but I'm very surprised. Are you self-taught in finance? I heard you just entered university?"

Chen Qiaoshan thought about it and said, "Mr. Paulson, one of my teachers once told me clearly that I have a strong economic intuition, and of course, I think so myself."

Paulson and Professor Qian were both stunned, but Yan Xiaoqin burst into laughter. She couldn't stand Chen Qiaoshan's shamelessness. It would be fine to brag in private. Is it appropriate to praise herself in this situation now?

But soon, Yan Xiaoqin stopped smiling. After all, she was her boyfriend and was a little embarrassed. However, Paulson and Professor Qian both showed smiles on their faces.

"Is this a joke?" Paulson asked with a smile.

Chen Qiaoshan did not return to this question. He had already found out his clue. Among the companies he had bombarded, there were only a handful of people who could have something to do with Goldman Sachs. If the Delong group collapsed, it was naturally impossible to complain, so there was only one possibility left, Lenovo.

If you think about it carefully, this is really possible. Goldman Sachs is the world's most well-known consulting and financial services provider. Lenovo is about to acquire ibm, so it is normal for Goldman Sachs to be hired.

Chen Qiaoshan had a fight with Li Su some time ago, almost exploding the fundraising plan for Lenovo's acquisition that he knew in his mind. Now that he thinks, that plan is likely to be made by Goldman Sachs. Lenovo suspected that the news was leaked and complaints were normal.

Thinking through the key point, Chen Qiaoshan finally understood why he received the invitation to the dinner. This was not Professor Yan's recommendation. It was obvious that he had trouble finding the door.

It is not necessary to hide this matter if it is big or small.

Chen Qiaoshan simply said directly: "Mr. Paulson, you came to me today because of Lenovo?"

Everyone in the room was stunned. No one knew why the topic suddenly became involved in Lenovo.

Paulson's face flashed with a strange color. He never expected that in the blink of an eye, the young man opposite him would directly reveal his intention.

"Joe, you should know that I cannot answer your question. Among Goldman Sachs' fourteen business principles, violating the principle of confidentiality or improperly or recklessly using confidential information is unforgivable."

Professor Qian had no special reaction. He didn't know what these two had to do with Lenovo, and he was not particularly concerned about the inside story.

Yan Xiaoqin was following the conversation between the two like a curious baby, but she was not in a hurry. She just asked in private later. Chen Qiaoshan could not hide it from her.

Chen Qiaoshan laughed. When he talked about the principle of confidentiality, Goldman Sachs had fewer insider trading, but he would not expose his shortcomings in front of others, which was very unwise.

"Well, Mr. Paulson, I think we can end this topic."

Paulson said: "Joe, it's really great to see you. King came to meet you today. I think he will definitely feel sorry after he knows what he missed."

Chen Qiaoshan was a little puzzled, who is King? Professor Qian saw his doubts and explained: "Your senior brother from Peking University, Cai Jinyong."

Chen Qiaoshan suddenly realized that he knew that this person was also from Peking University and was considered a well-known financial alumnus. He was the current head of Goldman Sachs Asia. His influence should not be underestimated.

"Mr. Paulson, the world is very small, we will meet sooner or later, so there is no rush to be a moment."

Paulson asked with a smile: "Joe, I heard King mention you. He said you posted on the Internet and advocated value investing in the stock market, right?"

Chen Qiaoshan said: "To be precise, I just partially support this view."

"Why?" Professor Qian asked suddenly.

"From the 1940s to the present, if we follow the three-factor model created by Eugene Fama, the average annual rate of return is above 5%, but most people selectively ignore the cyclical factors of the economy. There is another problem. After the financial crisis, loose monetary policy will lead to weak stock markets, and value investment will appear to be useless at this time."

Everyone fell into thinking and the room seemed a little quiet for a moment.

In today's era, value investment is very popular. Buffett is known for value investment, but his value theory is very different from Eugene Fama's three-factor model.

Chen Qiaoshan couldn't help but feel proud. This is the benefit of foresight. If his theory is verified in the future, it will not go wrong. However, he didn't know that this kind of argument is very consistent with a research report within Goldman Sachs.

Paulson stared at him, looked at him carefully for a while before saying, "Joe, I agree with your point of view."

Of course, Paulson did not explain which point of view he agreed with.

Chen Qiaoshan didn't care. In his opinion, this was just a scene.

The few chatted for a few more times, and the meeting ended here.

He sent the two big guys away first, and then Chen Qiaoshan took Yan Xiaoqin out. The room temperature was several degrees lower. When he walked out of the warm room, he suddenly became a little awake.

Chen Qiaoshan knew in his heart that tonight was just a scenery on the road of life, and he would never achieve the achievements of Paulson or Professor Qian in their respective fields, but he was not depressed at all.

After all, people are different, and you have to walk the road by yourself.

"Go away quickly, aren't you cold?" Yan Xiaoqin said beside him.

"well enough."

"Hey, I didn't expect you to fool even the American devils."

Chen Qiaoshan was a little surprised, "I realized that you are still an angry young man?"

"What is an angry young man?" Yan Xiaoqin was a little curious.

"An angry young man!" Chen Qiaoshan thought for a while and said with a smile: "A struggled young man."
Chapter completed!