"We are not interested …" Mr. Trumann, who had already locked the car door, walked over. He shook his head and rejected the stockbroker's promotion.
Lynch did not mind giving the other party a business card. The young stockbroker knew that this was not the place to talk. The main thing was that there was someone who did not like him. He did not continue to pester them and chose to leave.
He did not show any anger or frustration on his face. He had experienced this kind of situation too many times. There were even people who cursed him and chased him away.
Compared to those people, the two in front of him were completely gentlemanly.
In fact, he knew Lynch. Most people in the financial and political circles who understood current affairs knew Lynch. Even if they did not recognize him at first, they would recognize him after a while.
This was an opportunity. He dared to promote his yellow list to Lynch. He tried it and got a pretty positive result. Lynch had given him a chance.
Watching the young man leave, Mr. Trumann shook his head and said, "You shouldn't have given him your business card. He will keep harassing you. Besides, they only promote yellow lists."
In the era where information technology was not available, stocks were still physical. Currently, there were two types of stocks circulating in the market. The first type was a rectangular bond, and it was not small.
It had a blue edge and some anti-counterfeiting patterns and methods. The number of shares of a certain company was written on it, as well as the company issuing it, the regulator, the official seal of the issuing bank, and the signature of the person who handled it.
Most of these stocks were issued in the early days. At that time, the anti-counterfeiting methods were relatively backward. In order to ensure that the stocks would not become the new target of counterfeiters, the issuing party even used manual signatures and seals to produce them.
However, with the development of technology and the emergence of more and more difficult anti-counterfeiting methods, the size of the stocks gradually shrank. It was about the size of two to three hundred-dollar bills.
The production of the stocks used the same level of anti-counterfeiting printing technology as the current currency to ensure that counterfeiters could not copy the stocks on a large scale.
However, no matter if it was in the past or the present, the stocks were all blue with blue edges and a blue bottom. The color would not be particularly blue, but it was indeed blue. These were the stocks that could be listed and traded in the three major banks. They were also known as the Little Blue Stocks by the industry.
Blue represented safety, stability, and trustworthiness in the Federation. It was a universal color.
In addition to this kind of blue list, there was actually another kind of stock, which was the small yellow list that the stockbroker had recommended to Lynch. It was between legal and illegal.
Because most of the people or organizations that issued these small yellow slips were not qualified to be listed, various official organizations would not strictly supervise the yellow slips market. It was like a forest.
They couldn't even be called stocks. It was more appropriate to call them financing orders or fund raising orders. More importantly, these little yellow orders were essentially created by the major stock brokerage companies in Boston.
They gave some people a chance. For example, in today's exhibition, some people thought that the inventions they were researching had great potential. However, no one was interested in their inventions, and they needed funds to continue their research. What could they do?
At this time, they could go to some brokerage companies. Of course, most of them were stock brokers. They would give them a very generous offer.
Those who needed funds to continue their research and development would propose a fund raising standard. As long as they took out 500 yuan to the stock brokerage company, the company would issue 5,000 yuan worth of stocks for them and let the stock broker take the initiative to promote it.
Many people were gambling. Inventions and creations were essentially a gamble. No one knew whether their inventions and creations would become a shining page in human history like the countless inventions and creations that had changed the world in history.
Every year, tens of thousands of inventions were made in the Federation. However, only ten or twenty of them could really enter people's lives. It was because of this huge gap that many people thought that inventions were very difficult.
In fact, it was not difficult. The difficult part was that no one knew if an invention would be valuable after it was made. There was a gambling element.
Inventors would gamble. They would raise money to issue yellow slips to continue their inventions. The people who bought yellow slips were also gambling because no one knew how much of what the stockbroker said was true.
Everyone was gambling. The stockbroker companies were the ones who really made money. They would take a huge amount of service fees from these slips.
If the service fee for ordinary stock trading ranged from 5% to 2%, then the service fee for yellow slips was more than 50%, and there were even cases of concealment.
Because of the lack of regulatory mechanisms and institutions, the yellow slips market was actually very chaotic. As long as it was not illegal or even serious, the courage of those stockbrokers and stock brokerage companies could make the President stunned.
In fact, from the beginning, the birth of yellow slips was a market created by those dirty financial practitioners to cheat money from entrepreneurs and stock investors who did not know anything.
However, no one thought that this kind of scam would become bigger and bigger. It even gave rise to a special market for yellow slips, a trading system specializing in yellow slips.
Every week, many stock brokerage companies in Bupain would jointly publish a variety of sales information of yellow slips in a newspaper called "Weekly Trading Morning." There was no lack of stories of some people who bought stocks at very low prices, and after a long wait, their prices skyrocketed by hundreds, thousands, or even tens of thousands or hundreds of thousands of times overnight.
Many of them were true stories. Yellow slips were not legal, but they were not illegal. If they provided some illusory false information, they would break the law. They would not do that, but they had ways to make such things happen.
People were always shocked by all kinds of miracles, and every stock seemed to have a very broad future. There were always some people who wanted to bet hundreds or thousands of dollars on a huge return.
Oh, no, these investors who knew nothing about finance were not gambling. They simply believed that the little yellow orders they bought could really bring about miraculous changes in their wealth.
Many stockbrokers and stock brokerage companies relied on yellow slips to survive the most severe economic problems.
Now that the situation was no longer deteriorating, these people began to be active again. Almost all major exhibitions were about to become the main market for selling yellow slips. Inventors were showing their inventions, and stockbrokers were promoting yellow slips in their hands. Every day, they could harvest a lot of wealth in both directions.
In order to let the public have a good understanding of this gray area, some financial institutions decided that these privately issued stocks must be yellow. The warning color was used to remind all investors.
However, in reality, this was useless. Those investors who did not have the slightest bit of financial knowledge would never face this directly. They only had to face those stockbrokers who were good at bragging.
"The term he said just now, radio detection array. It sounds very high-tech and interesting."
The two of them walked inside, and Lynch said with a smile.
He felt that the term was a little familiar, but he could not remember what it meant. However, with his current social status and wealth, he could be curious about anything. He had the qualifications and capital to be curious.
Mr. Trumann did not say anything. He believed that Lynch would not fall into this trap. If he could fall into the yellow slips market, then he would not be Lynch.
While they were talking, the two of them walked into the simple entrance of the exhibition. It was a porch casually built with a few pieces of wood. There was a sign hanging on the porch, and there were some triangular boards next to it with some posters.
"Inventors and liars. I hope we can get something out of this today."
As soon as the two of them entered the venue, a soldier in a military uniform came up to them and led them deeper into the exhibition.
While walking, Mr. Trumann explained, "There are two things in this exhibition that I'm more concerned about. The military is also paying attention to them."
"The first is the invention of the harpoon, and the second is a new aircraft..."
When it came to aircraft, Mr. Trumann had a strange expression on his face. "Lynch, do you know that in the field of invention and creation, the invention of aircraft is called the 'most dangerous field'? Do you know why?"
Lynch also answered very cooperatively, "Because aircraft may be used in war?"
Mr. Trumann was stunned. "Why do you think so?"
However, he did not wait for Lynch to answer this question. He shook his head and continued, "Forget it, what you said makes some sense, but it's not entirely correct."
"The reason people say this is that in the past ten years, at least hundreds of inventors have lost their lives in order to invent an aircraft with practical use."
"Falling, exploding, or something else."
"You definitely can't imagine that someone actually thought of shooting a wooden bird model that looks like stretching its wings into the sky like a cannonball!"
When he talked about this small news, an uncontrollable smile appeared on his face. "What a sad thing!"
In fact, Mr. Trumann did not know that this guy who suddenly came up with the idea and fell to his death at the same time pushed the development of gliding aircraft. Of course, this had nothing to do with him. He was not a person in this field.
Speaking of aircraft, Lynch suddenly felt that he was an expert in this field. Not only had he seen aircraft, but he had also seen rockets!
The entire exhibition site was so big that it took more than ten minutes for the two to arrive at the back of the hall.
There was a hard dirt road that was about 100 meters long here. There was a simple staircase grandstand on the side of the road. A lot of people had already gathered there, but compared to the lively and interesting inventions in the exhibition, there were fewer people here. Basically, there were no children here.
The absence of children meant that the families who came with their children would not pay attention to this place. The reason they did not pay attention to this place was that almost every time there was an aircraft display, people would die.
They brought their children here to experience the advanced scientific atmosphere and to let their children have a dream of being a scientist, not to watch a group of "idiots" fall to their deaths.
This... was really a sad story!