At 9 o'clock in the morning, Gao Yang and his group of 9 people sat in the main venue of the forum with the badges with the words ASF2007.

There were dense audiences in the audience, and there were no less than a thousand people.

On the stage, a big shot appeared and was about to give a speech.

Wu Ruohan sat next to Gao Yang and whispered to him:

"This speaker is Paul Tonali, president of Selection Company...

Tonali said that the business situation is good and profitable, and mortgage loans are still the mainstay of the entire economic system.

He said that there were some losses in the subsidiary market last year, but it was less than 5%. This level of loss is expected and will not exceed 5% in the future.

The real estate market is developing very steadily. Once the adjustable interest rate mortgage products are launched, they are immediately sold out..."

Tonali on the stage kept talking, and applause kept ringing from the audience. Listening to Wu Ruohan's translation, Gao Yang felt a little drowsy.

Gao Yang chuckled softly, "Ruohan, you don't have to translate for me anymore. What Tonali said is just a commercial rhetoric packaging. How many more are there in this boring speech?"

Wu Ruohan said: "Today is a whole day of forum keynote speeches, with a total of 10 speakers, and tomorrow will be a variety of small exchange activities. If you feel bored, don't listen to the forum in the afternoon. Let Hanyun and Dorsey accompany you around."

Gao Yang thought about it and said, "Okay, let Molly stay with you, Zhang Wei will go with us."

Wu Ruohan said: "Just play with peace of mind. With Professor Qin's help and my sister-in-law knows some people, we will definitely be able to complete the task.

Professor Qin said that in addition to formal live exchanges, in the past few days, dinner, bars, golf clubs, etc., we will take advantage of various opportunities to find managers and traders to interview.”

At this time, there was a middle-aged man in front of Gao Yang and others, in the middle of the left position, who suddenly raised his hand high and shouted: "I have a problem."

Tonali on the stage immediately noticed and smiled, "The Q&A session is scheduled after the speech, but this gentleman seems to be very anxious. OK, what are your questions?"

The man in the suit stood up and asked, "Mr. Tonery, what is the possibility of the subprime mortgage loss you just mentioned is controlled within 5%?"

"The possibility is very high." After Tonali answered, he continued to give a speech.

The middle-aged man who asked the question just now suddenly raised his hand again and shouted, "I'll interrupt!"

Tonali on the stage stopped giving a speech: "Please speak."

The middle-aged man in the audience stood up and shouted: "Zero! The possibility of subprime mortgage losses remaining within 5% is zero!"

After saying that, the middle-aged man picked up his cell phone and then left the venue.

Around him, many people watched him leave like crazy.

On the stage, Tonali quipped: "I think he might be from Bank of America."

The audience burst into laughter.

Gao Yang could actually roughly understand the conversation between the two.

Wu Ruohan will naturally translate this emergency situation to Gao Yang.

At this time, Gao Yang remembered a similar scene in the movie "Big Short". This person is not the fund manager described in the movie, Mark who has a super righteous sense, right?

If this is the case, then this movie is too realistic.

After the forum in the morning, Qin Xianglin and Chen Lan both greeted and exchanged a few words to people they knew.

At noon, I returned to the Nob Hotel next to Caesar Palace for lunch, and the afternoon forum began at 2 o'clock.

Gao Yang told Qin Xianglin, Chen Lan and others about the afternoon arrangements.

Qin Xianglin, Wu Ruohan, Chen Lan and Wu Fei, plus female security guard Molly, continued to participate in the discussion activities.

Gao Yang is not going to the forum to spend time, and plans to travel in the city with Shao Hanyun, Dorsey, Zhang Wei, and the four of them for two days.

In the evening, we won’t have dinner together anymore. Qin Xianglin would take Wu Ruohan and others to attend the cocktail party and start looking for bond guarantee managers from major investment banks to discuss transactions with traders.

Qin Xianglin and Wu Fei and his wife naturally understood that Gao Yang's English was not up to standard and someone had to translate it. Sitting on the forum to listen to someone's speech is equivalent to asking for trouble.

After lunch break, nine people divided into two groups. Dorsey was the guide and drove Gao Yang, Shao Hanyun, and Zhang Wei to visit Las Vegas.

Shao Hanyun became Gao Yang's translator again.

After getting on the bus, Dorsey asked Gao Yang: "Locus, the casino is a major feature of Las Vegas. Do you want to try your luck?"

Gao Yang smiled and said, "No, we have already sat in the world's largest casino this morning."

Shao Hanyun understood Gao Yang's meaning, and after smiling and translating, Dorsey was still confused.

Dorsey asked again: "Locus, what kind of place do you like to go to?"

Gao Yang asked, "Jack, are there any beautiful natural landscapes near Las Vegas?"

Dorsey Road: "There is Red Rock Canyon to the west, and the Hoover Dam and Lake Mead to the east, which are not far away. The Red Rock Canyon is 20 miles west, and the Hoover Dam is 25 miles east, and it can be reached in 40 minutes."

Gao Yang said: "Then we go to Hoover Dam now and go to Red Rock Canyon tomorrow."

Dorsey's off-road vehicle left the city and soon entered the expressway. In the United States, the expressway is abbreviated as Expy, and this section of the expressway is the Las Vegas Expressway.

After leaving the expressway, Boulder City Hwy is followed by Boulder City Hwy, the abbreviation of this kind of road, which means highway.

Next, the mountain road leading to Hoover Dam is called Boulder City Byp.

Along the way, Gao Yang was interested in the category names of these highways, so Dorsey explained in detail the meaning.

Just a 25-mile stretch of road, equivalent to 40 kilometers, made Gao Yang feel the development of the American highway system.

This section of branch road with a level of Byp is much better than the traffic conditions of some national highways in China.

Gao Yang remembered that in another 10 years, China's infrastructure level will be very different. High-speed rail is famous all over the world and highways are well-connected.

Soon, the Hoover Dam arrived, Dorsey parked the car and started to serve as a tour guide for Gao Yang and the other three.

“This area is called Black Valley, and it is the junction of Nevada and Arizona.

The Hoover Dam is 221 meters high, the embankment is 377 meters long, and the total storage capacity of Lake Mead is nearly 35 billion cubic meters.

The Hoover Dam took 5 years and was built in 1936..."

Standing on the dam and looking at the rushing Colorado River downstream, Gao Yang praised: "This is a great project."

Dorsey said: "Locus, the Hoover Dam was also poured with blood. During the construction period, 112 workers gave their lives."

Gao Yang took out the cigarette box from his pocket, took one cigarette and lit it: "Jack, do you know about securities?"

Dorsey shook his head: "Locus, I don't know anything about it, and I have never bought stocks. Didn't you say that today's securitization forum is the world's largest casino?"

Gao Yang laughed: "Jack, mortgage support for the securities market is completely different from stocks. Most of them are over the counter.

You are the helm of Twitter, and Twitter will definitely make an IPO in the future. As the CEO of the company, you should have a basic understanding of the capital market.

I suggest that you take time to read stock books, your main wealth in the future, is the Twitter equity you hold."

Dorsey nodded: "Okay, Locus, I'll take time to find a few books to read."

Gao Yang said: "Okay, when I go to San Francisco, I will ask Ruohan to help you pick a few books at the bookstore. Jack, you must adapt to the role of CEO as soon as possible. Your future is to become an excellent entrepreneur and a sensational figure in the global Internet industry.

Your knowledge should be expanded around this goal.”
Chapter completed!