Chapter 1056

On November 5, the 1996 U.S. general election vote officially opened. With Clinton's poll crushing dole for many months, everything seems calm, even affecting the people's desire to vote.

Bill Clinton won easily with 49% of the vote and 379 electoral votes.

The other two opponents, Republican Bob Dole, won only 41% of the public vote and 159 electoral votes. On the other hand, Bill Clinton got Julian Robertson to take over the information and let go. He just looked at his position and could not help frowning slightly.

- amazing plot, Ponzi scheme of Internet industry!

As a professional old wall street fund manager, Julian Robertson scoffs at this kind of article, which is suspected to be sensationalist at the first sight of the title. However, since it was sent by skeev, he still patiently read on, and then his expression became more and more serious.

Ponzi scheme, in short, is that the framers use high return and high interest rate as bait to defraud investors of their funds. At the same time, they use the funds of the latecomers to repay the principal and interest of the previous accounts, so as to cycle until they are unsustainable and fall into collapse.

In this article, skeev describes the current Internet industry as a huge Ponzi scheme.

article obviously repeated processing, no matter the case or data are all detailed, and the spearhead directed at the current most popular vistlo system three big technology giants, that the current stage of new technology bubble is CISCO, AOL and igret three companies through common public opinion and a set of similar Ponzi fraud chain of interest, will be Countless investors and ordinary users are tied up in a seemingly prosperous Internet industry chain.

In fact, the industry is worthless and will eventually collapse.

In addition to the overall conclusion, the article gives a very detailed argument and annotation. Taking igritte as an example, this company has been cheating investors and entrepreneurs who have been cheated by public opinion through its expensive monopoly business such as Internet basic tool software, cloud computing and online advertising, forming a source of income with sustained and ultra-high growth in recent years.

On the other hand, igrit has continuously attracted hundreds of millions of Internet users through portal sites, e-mail, social networks, video sites and other network services that seem free but actually consume a lot of public time, and through AOL's low-cost access fees through illegal subsidies.

In order to maintain this false prosperity, igrit has also opened up online outsourcing platforms that also rely on a large amount of Ponzi subsidies, video website advertising sharing and other payment channels that can not actually bring stable job opportunities to the society, and further cheated users to produce content for them.

The result of this Ponzi scheme is that the three companies in the westrow system now account for 20% of the total market value of NASDAQ.

Under this false prosperity, more and more start-ups are encouraged to invest in the new technology market by deception. After burning all their funds in the interest chain of the three companies in the westero system, they gradually become unsustainable. Most of the enterprises are far from getting the expected return. Only Cisco, AOL and igritte have benefited.

Julian Robertson read the whole article carefully and breathed out quietly.

Without a detailed study of the Internet industry, Robertson would almost have believed this article, which is logical and full of conspiracy theories that can easily incite public sentiment. It can be imagined that once this article is thrown out, it will definitely be a super bomb for the Internet industry, which has reached its peak and is on the verge of collapse.

Richard Mellon Schiff waited for Julian Robertson to close his eyes and ponder for a moment after reading the article. He asked, "so, Julian, what do you think?"

"You can incite the public, but you can't cheat smart people."

is also a simple criterion for whether a new industry is a bubble, and whether it can create wealth.

The core of Ponzi scheme is playing drums and passing flowers, which is also a zero sum game to some extent. Some people lose as much as they earn.

Obviously, the Internet is not. Take igritte as an example. In any case, igritte's Internet basic tool software matrix, increasingly huge cloud computing services, as well as portal sites, social networks, e-mail and so on, are the wealth created by countless people after labor, including a large number of intellectual property rights and digital assets.

Maybe emerging countries don't approve of this, but for western developed countries, this is wealth.

therefore, even if there is a bubble, the Internet itself is a platform that can bring about changes in work and life for millions of people.

"Julian, what we need is the result of" inciting the public ", right? At present, the scale of retail investors in the federal stock market has reached the highest level in decades. After this article is put out, as long as it can cause panic and stampede effect, the NASDAQ index is bound to collapse, and the Tiger Fund will make a big profit in advance. "

Julian Robertson had just heard another guest chatting at the reception about the cause of skeev's recent activity. He didn't bother about it for a moment. He shook his head and said, "it's not enough, it's not enough.""Of course, I know it's not enough," skeev said. "So, Julian, I hope we can work together and use our contacts to push the Federal Reserve to raise interest rates. In addition, there's also the Department of justice. Although we all know that the White House and westrow are wearing the same pants, there's no room for us to operate. If we can split igritte, it will be a bad stimulus in many ways, The NASDAQ will definitely collapse. "

Julian Robertson listened to Skye and thought for a second before he asked, "so, Charlie, what do you want me to do?"

"Of course, it's the use of your contacts. We'll work together to promote this, avoid going our own way, and finally make a profit together," skeev said

Julian Robertson fingered the paper leaf on his knee and said, "igritte's antitrust case is still under investigation, and with the White House's position, it's impossible to have a result in the short term."

Skye thought about it and said, "then find someone to release some information at the right time, such as finding the key evidence of igritte's suspected monopoly, splitting is inevitable, and so on. It's very easy."

Julian Robertson nodded.

After discussing some details, they ended their conversation and left their contact information. As they were about to walk out of the study together, Skye remembered another thing and said to Robertson, "Julian, I know you and Soros are good friends, and Soros and Simon westero are close?"

Julian Robertson waved his hand and said, "don't worry. It's business. I won't say anything I shouldn't say. Besides, George's mind is not in the federal state these days."