Two updates tonight. After I got home at nearly 7pm, my mental state was not very good. I will resume normal daily routine tomorrow until school starts. At the same time, additional updates will be completed within this week. There are currently four chapters left.

..

In fact, in response to a previous comment from a book friend, I have resisted for a long time not to open a single chapter and talk about some issues. It just so happens that today is a small break, so let’s talk about it.

Of course, the trigger for this single chapter was a comment today that said, "It's a lot of nonsense, a waste of life."

It’s hard to blame the book friend who went out of his way to give a huge reward of 2 yuan for saying this...

Regarding this issue, it is really frustrating. If you explain it and pave the way, I will say you talk nonsense; if you are not detailed, I will say you write nonsense and write randomly...

Let’s reply together with some questioning comments:

The first is my writing logic, or in other words, the logical chain that a story should have is: cause-process-result.

In line with this, and I hope to write about the protagonist's gradual growth process; from passive to active; from front to backstage. On the basis of hoping to achieve a detailed and feasible unity of cause and effect, it is inevitable to write about many contents.

Gotta go deeper.

For example, the earliest similar problem appeared in the regulatory model of the FDIC and the Federal Reserve. Oh no, it should be earlier, in the structure of savings bank business in the era of branch banks in the United States. If this legal background and historical background are not stated,

How many readers can understand that banks back then were different from today?

The following includes a description of the relationship between Japanese chaebols. I also talked about it yesterday. From the four major chaebols before the war to the six major consortiums after the war. The relationship between these characters and companies should be laid out in advance, and the Japanese economy will be written later.

When foaming, it will be much more convenient.

If an opportunity arises, the honeymoon turns to confrontation, to mutual estrangement, to having to cooperate, etc...

In addition to their relationship with the protagonist and serving the protagonist's development path, their actions during the bursting of Japan's economic bubble are also supported by a complete background. For example, why did Japan's zombie companies appear? In addition to the well-known Plaza Accord, the Louvre

How can the Palace Agreement make up for the kick that has crushed Japan's economy for thirty years? Why did Japan agree to the agreement? It is said that the Bank of Japan's interest rate cuts caused the bubble to expand. Then why did interest rate cuts in 1971-73 and 1977-79 not occur?

The exaggerated bubble of 1991 and so on...

Of course, the gossip about the Toyota family history is purely a supplement to the anecdotes. The fake son-in-law culture may or may not be used. It is just a hole left. I am not sure whether it can be filled in in the future, but

Respect by digging first!

Then there are detailed descriptions about Yale, RoTC, etc., with similar purposes. They are all relatively important plot foreshadowing, and we can briefly mention them first: the North-South swap, the defense dividend during the Reagan era, the southward shift of industries before industrial hollowing out, Georgia and Florida.

Big development etc...

Including financial markets, we can also spoil the story. Peterson, who was forced to leave Lehman in 1984, founded Blackstone with his subordinate Steve Schwarzman. That subordinate was from Yale Davenport College. In addition, the college also

There have been some celebrities, such as a certain cloth...

No matter what you do, if you want to take advantage of the times, you have to buy a ticket first. Four years at Yale is the process of buying tickets. In addition, I also think that life descriptions can relieve the fatigue of reading, so I have this

Writing style. In addition, the foreshadowing of Yale is almost complete. Chapter 400 enters the main drama and officially leaves the novice village! Start embracing the times!

I hope that people who read our book will stop saying "Gates is a fucking director of IBM"...

This sentence is not meant to offend, I just want to express my point of view and helplessness: if I don’t write it carefully, others will follow what they say. Write it carefully. Maybe it’s not to everyone’s taste, but there is no such thing as the best of both worlds. This was decided from the beginning of the book.

This tone is now impossible even if you want to change it to a fast-paced and refreshing novel.

Readers who are not interested in these contents, as I said before, can skip the subscription, including watching pirated copies. Just let it happen, but before typing some comments, please think about it first, you don't like it.

What you’re reading, do you think other people don’t love you? How do you say that: It’s okay not to love me, but please don’t hurt me.

Writing like this is actually more tiring than writing fast-paced articles, and my grades are worse. Sometimes I really get annoyed by comments that disrupt my writing mood, so I raised the threshold for speaking before. I will cancel this paragraph after I post it. I feel it is unnecessary.

, just let it happen!

Here are some references:

Regarding the reference of prices and the purchasing power of the US dollar: I have replied to this in a previous comment and will not repeat it again.

Regarding Gates and Microsoft, what the hell does Gates do? Refer to "Fire in the Valley" magazine and "Big Blues" magazine about IBM at the time.

An interview with Don Estridge, the person in charge of the personal pc project. Another comprehensive article "THE RISE OF DOS: HOW MICROSOFT"

GOT THE IBM PC OS CONTRACT" has also written in detail the process of Microsoft obtaining the ibm order. One of the original texts is: Acrding to

Fire in the Valley, he also reportedly told Gates

That when IBM CEO John Opel heard Microsoft would

get the ntract, he said “Oh is that Mary Gates'

boy's pany?" since Opel and Bill Gates' mother serve

d together on the national board of the United Way.

This actually makes it very clear. United Way is probably a kind of charitable foundation. They have worked there before, so they know each other, not that Gates is a director of IBM. I actually don’t know how this rumor spread.

Yes, anyway, in many comments I saw people accusing me of random writing and plotting, such as "Gates is the fucking director of IBM, why do you still have to worry about it?"

Regarding whether the municipal hotel company existed in history: reference materials, I have also replied in the comments. Which page and issue of BJ Daily has written about it. In fact, you can also use a simple way to verify it. Directly search for the keyword: "stay

The past years when it was difficult to shop.

The unhappiness caused by the difference in information, as well as the operational methodology issue of valuation written in the previous chapter. The mood was very bad at the time, and the two sides spoke fiercely, which led to some very unpleasant memories, and some things that I wanted to say have not yet been said.

Okay. Let me add something here:

The essence of valuation is based on the derivation of the DCF model, but I may have been influenced by Mihir Desai's book "What is Finance", and I strongly agree with the sentence "Valuation is not a science, but an art, or

The influence of this summary "art under the guise of science" basically abandoned the description of DCF and directly and crudely described the post-investment valuation, which then triggered a series of debates.

Also earlier, there seemed to be very few questions about lawyers being mentioned when signing contracts. My idea at the time was that in some plots of contract signings that were not hidden, it seemed that just writing about a lawyer coming in was just too few words and it was meaningless, so

Just omit it.

The summary is that we are in a dilemma!

If integrity has to take care of one group of people, it will inevitably offend another group of people.

If you don't want to offend both sides, just stick to yourself. Here's another one:

"Yo? This author is so stubborn that he wants food while standing up?"

This kind of comment...

This class of book friends is really difficult to lead!

Finally, the book friend who commented that I am begging for food, no, please listen to me:

Knock on you!
Chapter completed!