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2000年2月25日,《南方周末》首席财经记者陈涛在该报上著文说: “我们假设一个游戏,全国12亿人站一个圆圈,每一个人从上一个人那里买某人东西,然后加1元钱,再卖给下一个人,这样只要这个游戏能不断地进行下去,12亿人每个人都能挣钱。但是在挣钱的过程中,并没有新的价值产生,一旦买卖链条中断,就会有人大亏其本。从整个系统看,一些人挣到的钱恰好等于另一些人损失的钱,这只是一个“零和游戏”。” 然而,本文质疑:我们应当仔细地研究这个游戏,因为它代表了从建国以来半个世纪的对股市本质认识的基本理论。并且时至今日还正襟危坐地统治着中国高校股市理论的讲坛。如果我们对股市的认识居然50年不变,是不是也是一种悲哀?
On February 25, 2000, Chen Tao, chief financial reporter for Southern Weekend, said in a newspaper article: “We assume a game in which a nation of 1.2 billion people stand in a circle. Everyone buys someone from the previous person, Then add $ 1 and sell to the next person so that as long as this game continues, 1.2 billion people earn money, but no new value is generated in the process of earning money. From the system as a whole, some people earn just the right amount of money lost by others, and this is just a ”zero-sum game." However, the article questions: We should carefully This game is studied because it represents the basic theory of the nature of the stock market half a century since the founding of the People's Republic. And now still sitting on the ruling of China's stock market theory forum. If our understanding of the stock market actually unchanged for 50 years, is not it a sad thing?