On those countless lonely nights, Lu Fanling resisted the temptation of foreign girls. He turned on three computers alone in his dormitory: one computer to study, one computer to read disks, and one computer to play movies. That's it.

After persisting for several years, he also developed a unique set of stock trading techniques by the time he finished his Ph.D.

Long-term meticulous and in-depth research finally allowed Lu Fanling to seize a rare opportunity.

A shares rose sharply that year, but then plummeted again.

At that time, A-shares did not have a complete short-selling mechanism. Investors could only make money when they rose, and they would either run away or lose money when they fell. But at that time, there were still a few put warrants that could be shorted, which aroused the interest of investors.

Crazy looting.

"What is a warrant?" Wei Shijie asked with wide eyes.

Lu Fanling explained: "Have you heard of futures? A warrant is actually an option, which is your right to buy or sell at a certain time in the future."

"Can I not buy it?" Wei Shijie asked.

Wei Shijie doesn't trade in stocks, so he should still pay attention to the stock market, but even most people who trade in stocks know very little about warrant trading.

"Of course you don't have to buy it. If you buy it at the time, it's called exercise; if you don't buy it, you don't exercise the option." Lu Fanling said.

"Oh, that's equivalent to the deposit paid by the home buyer after viewing the house in the sales department. If you like it when it goes on sale, you can buy it. If you don't, you can't buy it?" Wei Shijie suddenly realized.

"Your analogy makes sense, but it's not exactly the same. The deposit is refundable if you don't buy a house when the market opens, but the money you spend to buy warrants is non-refundable. In this sense, it's more like a 'deposit'." Lu

Fanling went on to explain: "Theoretically, stocks still own the shares of the corresponding company, but the warrant is just a piece of paper. If you don't buy or sell the stock, it is a piece of waste paper. There are two types of warrants, subscription and put. As the name suggests,

They are agreements to buy or sell stocks at a specified price. In theory, the higher the stock price, the more valuable the call warrant; and the lower the stock price, the more valuable the put warrant."

Lu Fanling said that when the stock market plummeted, he was optimistic about a put warrant and invested all his belongings in it. As a result, he was very lucky. The warrant soared 10 times in three days!

In the past three days, Lu Fanling was in great pain. He was always thinking, "Should I sell it? Should I sell it?"

When it rose to nearly 20 times, Lu Fanling thought this was too crazy, so he sold out all the warrants in his hand.

Shortly afterwards, as the market rebounded, the warrant went straight down. On the last day of exercise, Lu Fanling saw with his own eyes that its price dropped from a few yuan to a few cents.

Although there was also a so-called "doomsday wheel" market in the market, and another two or three yuan was drawn, this was just a return to the past, and its price was close to zero at the close. It is difficult to count how many investors lost their lives on this warrant that day.

.

Lu Fanling felt that this was not investment at all, not even speculation, it was simply gambling!

From then on, Lu Fanling never touched warrants again, but no matter what, he still made his first pot of gold.

After that, the stock market continued to rise, and Lu Fanling's account increased in value several times.

Then the international financial crisis broke out and the stock market plummeted.

Lu Fanling cut out his position in time and lost a lot, but still retained most of the results. By the time he graduated and returned to China, he had made several million yuan.

After returning to China, Lu Fanling was teaching, writing papers and speculating in stocks. He was just promoted to professor this year. He was an associate professor before. At the same time, his research on domestic financial hot issues also attracted widespread attention from the media and all walks of life, and gradually became a prominent figure in the domestic financial circles.

He rose to prominence and became one of the popular economists sought after by the media.

After listening to this story, Yan Yujie and Ning Xin's admiration for Lufanngling was like a torrential river!

This villa was bought by Lu Fanling after he returned to China.

This is a second-hand clean water house. The original owner spent more than 5 million yuan to buy it. However, later he encountered difficulties in doing business and put up more than 3 million yuan with an agency. He was eager to sell it, so Lu Fanling sold it.

After buying it, as the house price continued to rise, it doubled again, reaching tens of millions of yuan.

Lu Fanling's main lifestyle now consists of teaching, scientific research, and stock trading. Sometimes he is invited to participate in some social activities and accept interviews from the media.

Lu Fanling said that he is actually very homely and doesn't usually go out much. The main reason is that he is under too much pressure, has severe hair loss, and often suffers from insomnia.

Ning Xin asked in confusion: "Professor Lu, I see that you have made great achievements in the professional field, earned a lot of wealth, and your life is full of fun. You can be considered successful and famous, so what are you worrying about?"

"I really can't talk about it. I now regard stock trading as entertainment to keep me keen on the economy, which is also a professional need. My main focus is still on teaching and research." Lu Fanling said.

Chu Tianshu said with a smile: "Professor Lu, I think you have achieved success in many fields, but now you have lost the direction of your struggle, which is why you are having trouble now. I don't know if I am right?"

Lu Fanling was stunned for a moment, then smiled and said: "Haha, Xiao Chu, listening to you say that, it seems that it is really the case."

Chu Tianshu said: "Professor Lu, this may be because the authorities are obsessed with it, but bystanders will know better."

"Yes, yes!" Lu Fanling said with a smile: "Xiao Chu, to tell you the truth, I had several dreams when I was a child. One was to be a good official like you who could develop the economy and benefit the people; the other was to

Like Mr. Wei, own a company and show off your skills in the market...but later, I chose to do research, and these wishes came to nothing."

"Professor Lu, you use your knowledge to provide suggestions for the local economy to take off and for the development of enterprises. You can also indirectly realize your wishes." Chu Tianshu looked at Wei Shijie and followed the flow and said: "I'm telling the truth.

To be honest, we came here rashly today because we encountered a problem and came here specifically to ask for your advice."

Lu Fanling waved his hand and said with a smile: "You're welcome, I can't ask for advice. If you have any confusion, I can give you some advice to the best of my knowledge."

"Professor Lu is such a refreshing person!" Wei Shijie took advantage of the situation to get to the point and said that Century Sunshine was preparing to participate in the development and construction of Qingbei Eco-City, but encountered financial difficulties and was negotiating financing cooperation with venture capital. The other party proposed to sign a gambling agreement.

At a loss what to do, he paid a visit and asked Lu Fanling to answer his questions.

Yan Yujie took out his laptop from his briefcase, opened the information he had compiled overnight, and pushed it in front of Lu Fanling.

Lu Fanling clicked the mouse and browsed through it quickly.

Wei Shijie asked anxiously: "Professor Lu, do you think the conditions they proposed are too harsh?"
Chapter completed!