After saying these words, Charlie Munger stopped talking, and the two old guys were relatively speechless.From a human point of view, this shit is really hard. If you live like this for a long time, it is hard for you not to become crazy.

 "Charlie, so we did all of this."

 "You have to say that, it's not impossible. Before that, they still enjoy life very much.

 It's not going to work now, the people in the foot basin are poor, and they are not willing to spend money. "

 "Ahem, don't tell me they don't want to have some fun?"

 Charlie Munger looked at Buffett strangely, he didn't know what to say.

 "Disneyland is overcrowded every day. The proportion of users who buy annual passes is the highest in the world. There are also comics and game consoles. By the way, there are also special action movies."

 Well, Buffett is really powerless to complain, the more miserable the foot basin is, the more money William White makes.Except for not dealing in that kind of action movies, this guy does almost any business.

 In fact, Buffett didn't know that William White had also thought about this business.

 As for why you gave up later?

 Well, doesn't he have a child?

 Although he understands why the convenience store in the foot basin is popular, Buffett is still a little puzzled.A footbath is a footbath, and the United States is the United States. Even during the economic crisis, the United States has not reached this level.

 For US imperialism, they are used to this kind of hysterical economy.

 Although the economic crisis is painful, it will pass in a short time.Your foot basin has been tossed a little bit, could it be that you will not recover.

 Of course, Buffett doesn't know that people with foot basins are extremely confident. This kind of people has a flaw. They can't be hit. Once they are hit too hard, they will become extremely inferior.

Chapter 885 The Myth of Wealth

 July [-]th, this is an ordinary day.Mark Anderson and James Clark stand on the trading floor of the New York Stock Exchange.

 Looking at the two well-dressed and high-spirited guys, no one would have thought how entangled they were this week.

 "Crazy, Filson, why is it opening at $31, what are they doing?"

 When the trading bell rang, it didn't take long for a deal to be made.However, the price was higher than William White's expectations.

 "Ahem, boss, I'll ask right now."

 Looking at the rapidly beating numbers, William White's darling also felt a little unwilling to listen to the greeting.His investment ratio is not large, but looking at the current situation, it seems that he is making a lot of money.

 Even if William White is like this, the two parties staying in the trading floor are basically crazy now.

 A market value of $40 billion, yes, this is not a valuation, this is the value of the company recognized by investors.

 For a company that has been established for more than ten months and has not made a dime profit, this cannot be described as a miracle.

 This is simply a fairy tale.

 "Boss, at the last trading moment, due to too many applicants, they temporarily raised the price. $28, this is the final purchase price."

 "Fuck, can you still play like this?"

 Looking at Netscape, which had climbed to $35 in just a few minutes, William White was powerless to complain.Nima, there are too many rich fools, and there are obviously not enough smart liars.

 Bill Gates, who is also paying attention to Netscape, couldn't help it anymore. Nima, William White, must be yelling now, right?

 Hehe, if this browser is worth 40 billion, how much is my Microsoft worth?

 Hahaha, that bastard William White must be very regretful, right?It deserves you to keep cheating on my stocks.

 This time, Bill was obviously wrong.William White's resentment was only on the surface, and he was actually a little bit flattered in his heart.Wait until the end of the year to sell these stocks, and then buy some Microsoft.

 "Still rising?"

 "Ahem, yes, boss, it's already above 56 yuan."

 "Fuck, this speed is faster than the printing speed of the Federal Reserve Bank of the United States, right?" William White just went down to exercise his body, and it was already a situation when he came up.

 "Reluctance to sell is serious, and its upward momentum has not exhausted. If nothing unexpected, it will at least stand at a high of $[-]. The market is crazy now. I think that even the person concerned himself is not clear about the current situation. "

 "Yeah, a company with an investment of more than 1000 million US dollars. In just a few months, at least two guys have entered the ranks of billionaires.

 When Apple went public in 1980, they only created a few billionaires.Now, they're making history.

 Sigh, don’t watch it, I’m old, I can’t keep watching this kind of wealth creation myth, although there is nothing wrong with my heart, there is no need to stimulate it. "

 "It's not rational. This may not be a good thing for a new company."

 "Sanity? This kind of thing never appears in the capital market. Well, Greenspan can talk about a bubble again this time, but this time, I have nothing to refute."

 William White went home so boldly, and Felson could only smile wryly, or just wryly.Boss, you have invested, and now you have won hundreds of millions, not just a few shots.

 Could it be that this is what the boss often says is full of force.

 Fuck, you're too good at pretending, aren't you?

 Earn hundreds of millions?

 I don't know, it's all done by the fund company below. These bastards have been doing it without telling me. Well, this time I finally didn't lose money. You know, my rocket company is really burning too much money up.

 Seeing William White talking on TV, Greenspan was in a bad mood.You are so shameless, you say you don't know about this level of investment.

 Cough cough, can we have some face?

 Huan Nima only studies making money, never studies bubbles.The US Federal Reserve has more research on bubbles and is a professional.

 Of course, William White threw this pot to Greenspan, as did the two idiot reporters, buddies who have stocks in their hands, and you actually ask me if there is a bubble?

 There is your uncle, even if there is, it is not convenient for him to talk about it.Could it be that my buddy is so like the stupid son of a local rich man.

 Go to Greenspan and ask, it’s not good, Buffett is also very good, they are all economists I respect very much.

 After giving directions to a group of reporters blocking his door, William White went home to see his little girl.It's really annoying to make money like a horse, but you have a lovely daughter of your own.

 Looking at the numbers on the computer screen, Yang Zhiyuan was already drooling.He decided that the stocks in his hands would no longer be sold.If Netscape is worth 50 billion, he and Yahoo will be worse.

 The American people were also very happy on this day, and they witnessed the birth of an American dream.

 What, William White is richer.

 That guy doesn't count, he was originally a local tyrant, but Netscape is different, he can be regarded as self-made.

 Watching the various comments on TV, William White couldn't stop laughing.

 "Why are you laughing, so happy." Natasha pulled her skirt, deliberately preventing someone from continuing to visit.

 "Tsk, this little girl, are you going to sleep now? I'm really happy, I ate and slept.

 So what, is there any extra, I'm a little thirsty. "

 "Hey, I don't have time to entertain you, the cafeteria is closed."

 "Okay, okay, look, those guys on TV are hilarious. Ten million is not money to them.

 Besides, I was in debt when I started, and it was so simple there. The IRS has been watching me all the time, and there is no slack in the slightest now. "

 Natasha gave this guy a blank look, you are the richest man in the world, they don't stare at you, do you want them to stare at those shabby households?

 "Hehehe, that little fresh meat named Mark Anderson is very popular with girls now."

 "Haha, it's people who are attractive, or Franklin who is attractive."

 Natasha gave this guy a blank look. In such a materialistic society, if you want to say that you don't care about money, you must have that qualification.

 Just like William White, he casually talks nonsense on TV, and others can only use it as chicken soup.Try another person, the people who eat melons will definitely spray you into a sieve.

 William White is getting tired of beauties here, Wall Street has begun to boil, and Netscape's stock price is fixed at a price of $74. In this way, everyone involved in the transaction has made money.

 With a market value of US$70 billion, Netscape will tell you how to earn US$70 billion in a little over a year.

 After hanging up on Filson's call, William White didn't take it seriously. The more outrageous it was, the more people sought after him.

 Isn't that what the stock market is like? If you don't chase the rise and the fall, what stocks are you still trading in?

 At this point, Greenspan and Buffett can only choose to shut up, just kidding, now go out and talk nonsense, you know who will step on someone's tail.

 The so-called Internet bubble, if there is no push behind it, what kind of bubble do you want to bubble, and just a few big guys come out and say something, your stock will be unstable.

 If the three major rating agencies are downgrading their ratings to negative, prepare for an avalanche.

 Does anyone say now?

 No, even if there are different voices, they are ignored by the market and the media.It's useless for you to talk, and others will treat you as a fool.

Chapter 886 It's Good to Have Some Bubbles

 When people talk about bubbles in later generations, two things come to mind, one is the real estate bubble in the foot basin, and the other is the Internet bubble.And the starting point of this Internet bubble actually starts from the listing of Netscape.

 Yes, bubbles lead to wasteful and distorted investment.But the size of the bubble was not as large as commonly thought.

 In fact, in William White's view, it was this part of irrational capital injection that allowed the United States to maintain growth in the following decades.

 Of course, there are indeed some companies here that are fooling around, without a complete business plan, and they are just making concepts.

 When the sea suddenly ebbs, those bastards without clothes will naturally be eliminated by the market.

 "Alan, what, are you hiding from those reporters too?"

 Looking at this old man with malicious intentions, Greenspan also looked disapproving.

 "Hmph, you still have the nerve to talk about me. If you weren't hiding in the country, you probably wouldn't be much better than me."

 Apart from shaking his head and smiling wryly, Buffett seemed to have nothing else to say.

 After Lao Ke came to power, he introduced a high-performance computer bill.Unfortunately, just like the Star Wars plan, it was very boastful. When it came to the state government below, this bill basically became a piece of paper.

 Well, it's easy to talk about giving money, and we also welcome tax cuts.As for the fiber optic backbone network you mentioned, is it delicious?

 If you can't see the benefits, you won't support it at all.It's useless for you to break the sky with peanuts. What kind of Internet is this, don't it be for military use?Now we are fooling around, maybe it is used to launch missiles.

 "I can't help it, Allen, all the continents have been mobilized now, and no one wants California to take the top spot. Your stupid place can do Silicon Valley, why can't we do it?"

 The reason why Greenspan remains silent now is because of this.

 Is the Internet useful?

 Of course it works, and William White is right, you just don’t understand.

 Since books and audio-visual products can be sold through the Internet, can other commodities also be sold?Will bulk commodities such as cars and real estate be able to be sold online one day?

 No?

 You say it's useless, you don't understand at all, they are just two outdated antiques.

 "Yes, there are too many benefits here, and the public seems to have this demand. However, I really don't know how to evaluate this market value of more than 70 billion dollars."

 William White didn't know what the two veterans were talking about, and he wouldn't care if he knew it.Where is this now? You will know by the end of the year, and it may skyrocket.At that time, a valuation of US$200 billion is not impossible.

 In the current company, there is no .COM printed on the business card, and I am embarrassed to say hello to people when I go out.Not to mention the United States, the whole world is now in this tune.

 Footbath, Xiangjiang, Baodao, Tuguo, there are information superhighways everywhere.

 What is the use of this damn thing?

 It's really hard to say, at least one thing, the communication between people is more convenient.Work efficiency is also improved.

 "Warren, ICQ started charging, and it seems to be doing well. I hear they've got 50 paying customers."

 "I don't understand this." Buffett shook his head directly. Whenever these high-tech companies were mentioned, the old guy would instinctively reject them.

 "Anyway, his income and expenses are completely inconsistent. When he has 1000 million paying users, I will admit that he is valuable."

 I have to say that this is almost the meaning of the generation gap. The figure of 50 is actually quite impressive.

 Don't forget, the number of registered users has already exceeded [-] million.Moreover, its growth rate has never slowed down for a moment.

 Buffett actually didn't know that William White didn't really care about the number of so-called paying users, and he didn't ask ICQ to develop the number of such users.

 The difference between paying and not paying is actually very limited.If it is not an enterprise and professional user, there is actually no need to pay.

 "James, this ICQ is not much different, it's just that the mailbox is a little bigger."

 "Mark, the group is somewhat restricted, and most people can't use it. It's the VIP logo. I have to say, it's quite funny."

 "Yeah, many of my classmates don't actually need this, but they still become paying users.

 James, are we also developing an instant messaging software?If it is bundled with the browser, we will not have some more profit models.

 The current market value, to tell you the truth, I can't sleep at night. "

 "Damn it, Mark, don't use those idiots, they won't help you, the threshold for this communication software is too high, unless you plan to do it for free."

 "Free?" Mark Anderson curled his lips. Of course, free is impossible. This is a plan that will be sprayed to death by shareholders.

 "Mark, since free is impossible, what are you using to compete with him? Aren't there similar software in the foot basin and Europe, and they were crushed as soon as they appeared."

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