Seeing Duanmu leisurely pinching the fruit in the fruit plate, Dong Qiangqiang covered his heart: "If you don't finish the adjustment, just invest it. Aren't you worried that the money will be wasted?"

"Worry..." Duanmu's face did not change his expression and his heart was not beating, "I will still buy it."

Dong Qiangqiang knew very well that Duanmu Sulai was not an adventurous person. He should have his own reason for doing this. He said strangely: "Is there any news that I should know?"

"That's not. I told you what I know just now." Duanmu's expression didn't look like he was telling a lie.

"Then why are you still..." Dong Qiangqiang became even more puzzled.

"What I just said is just the second step you have to do, not all."

Dong Qiangqiang thought about it for a few seconds, as if Duanmu had indeed said something similar just now: "What else? I won't worry if I finish it?"

"What I learned in the United States this time is not new, it is to make full use of the right time, place, people and people. The right time is the general environment of short selling. Now the entire US stock market is caused by the company led by An Ran, and the entire market is full of real and fake financial fraud news. You just said that in recent years, more than 800 companies with financial flaws or financial fraud have appeared one after another. The current environment is very conducive to our business development. The right place means that we have found some companies with big or small problems and their financial derivatives through various channels and methods." Duanmu stopped here and deliberately, which caused Dong Qianqiang to ask: "Which person and the person meant to find current and resigned employees?"

"No, Renhe refers to the unity and the connection."

"Honglonglianheng? What does it mean?"

"As far as I know, there are three main types of investors who focus on short selling on Wall Street. The first type is experienced retail investors. They have accumulated rich judgment based on long-term attention or trading a certain stock, and have a market-independent judgment on the future development trend of a listed company. The third type is super-large funds or multinational financial holding groups. They hold huge capital and are particularly fond of fueling the fire when the financial market is unstable, adding fuel to the fire, and putting insults, completely pushing the economic downturn into a financial crisis. Because of the huge amount of controllable funds, their short selling behavior often has the magical effect of finalizing the market, and often becomes the last straw that crushes the market."

"What about the second category?" Duanmu's ability to tell stories became better and better after returning from the United States. Dong Qiangqiang found that he was listening with relish.

"The second type is investment funds that began to emerge around 2000 with the bursting of the Internet listed company bubble. If the third type of investment funds are considered grandfathers, then the second type of investment can only be considered grandchildren. They usually have a short time to establish and have few funds. They are slight in the market. Due to their uneven quality, they are not paid attention to the market. However, their shortcomings have become advantages to some extent: because of their low qualifications and not valued, they will not easily attract vigilance and hostility like the third type of funds; because of the small amount of funds, they can quickly go in and out and make time difference and escape the corresponding regulatory requirements. These (advantages and disadvantages) are like two sides of a coin. Some institutions in the middle are wallet companies that help third type investors do due diligence work. Like you and me, they only have two or three employees. They find speculative opportunities during the due diligence process, and after they taste the sweetness, they simply jump out and do it themselves."

"I remembered that during the last roadshow, a tutor asked you about our business model." Dong Qiangqiang recalled, "You said we were not selling reports."

"Yes, not only do we not sell short reports, but we also have to send free reports to others in the first few years. The more we send, the better, and the more people read our reports, the better."

"Free delivery? Who can I give it to? Will I read it?" Dong Qiangqiang asked three times in a row.

"The ultimate goal is to give it to the third-class investment funds, but it will definitely be difficult to get into the eyes of others at the beginning. Even if you send the report to the other party, you will probably delete it if you don't read it."

"Who else can I send it to? Ordinary short selling institutions? Investment funds?"

"It will generally be sent to medium-sized investment institutions or well-known hedge funds in the market. These institutions will generally purchase third-party research reports regularly, especially institutions that focus on short selling will pay more attention to these reports. These people have the same interests as ours and have the possibility of collaborative combat. So once we publish (short selling) reports, the more people participate, the better. Free issuance will not increase the cost of investment institutions. The more they issue, the larger the base, the larger the base, and there will always be people reading it. If our report quality is good, the data can withstand scrutiny, and the logic is linked, which can make institutions doubt or distrust the problem company, and it will attract people to help. The more people shout in the market, the more people may cause harm, and our goal will be achieved." Duanmu explained calmly and cleared the last plate.

"If it's true, if someone chooses to short with us after reading the report, then I understand if you don't worry. But what if the opposite is true? We always have to plan the worst."

"The ideal situation is that the wall is falling and everyone pushes it, and the herd effect is added," Duanmu's face is shiny. "Then we will really laugh when we dream. The worst thing is that no one should pay attention to it. The market is completely indifferent to our report, so we will be responsible for our decisions."

Speaking of this, Dong Qiangqiang also knew that Duanmu's words were true: "Okay, then I will attend the industry meeting and find someone to understand the situation as soon as possible according to your suggestions. However, I can't say how much time it takes to complete these two things, report..."

"This time you just focus on writing the Victory Di well. I'll write other companies. I'll send you a few good short-selling reports you wrote in retrospect. Now there are two months left before July, so time will definitely be too late. If it's too late, you don't have to be too stressed. Wall Street also has the precedent of publishing short-selling reports in multiple times. You can write the unimportant issues into the previous article, and leave the ultimate move of one-hit to the next article. The combination of two swords is just as effective. The same sentence depends on the data and logic."

"There is another question." Dong Qiangqiang said seriously, "I have read news related to short selling before. Some short selling institutions will be sued by listed companies for defamation or spread rumors. Should we also pay attention to similar legal risks in advance?"

"Well, this is true. I overlooked this problem. You reminded me. When I go back, I will look for a law firm or something." Duanmu took out the notepad from his bag and wrote down the question carefully on it.

"I have a German lawyer who I have dealt with, and I may be able to help. I'm not sure, so I'll ask you too, and there is news to tell you." Dong Qiangqiang thought of lawyer Friedrick who helped Lu Wei sue.

The two chatted for a few more times, and Dong Qiangqiang introduced Duanmu to Qin Youbo, and then walked out of the restaurant together.

A number of luxury goods stores on the Champs-Elysées are still open, with traffic and crowds on the street. Street lights, shop lights and headlights make everything around them show an extremely unreal beauty. Facing the gentle night wind, the two walked along the road towards the parking lot.

"Duanmu, do you really think we can succeed this time?" Dong Qiangqiang asked, "Will we think too simple and naive? There are still some things that have not been considered."

"Do you want to listen to the truth?" Duanmu's expression seemed drunk but not drunk.

"Um."

"I have told you everything I know without reservation. As for whether it can succeed, I don't know. But I know one thing: it will always be difficult to just want to do it. If you really want to do it, you will definitely find a way. If we want to pursue high returns, we will definitely encounter high risks. As the saying goes, wealth and honor are so called seeking danger. If everyone can accomplish the same thing effortlessly, there will be no profit in it."

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Chapter completed!