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2001年夏秋之交,中国股市的论坛上展开了一场以海归派为对手的,如何评价中国股市的大论战。海归派的主要观点,不仅占领了几乎所有的财经主流媒体,甚至直接渗透影响到中国股市最高决策层的重大决策。尽管本土理论家艰难地守住了阵地,可海归派还在射击,战场上的枪声并没有停歇。股市是投资人投资的地方,正如吴清琏老先生所说的,股市应当有“赚钱效应”,让投资人赚钱是股市天经地义的事,是股市的光荣和胜利,而大多数的投资人赔钱,是股市的耻辱和失败。什么是“零和游戏”? 2000年2月25日,《南方周末》首席财经记者陈涛在该报
At the turn of the summer and fall of 2001, the forum on China's stock market launched a major debate over how to appraise the Chinese stock market with returnees as opponents. The main opinion of the returnees not only occupies almost all mainstream financial media, but even directly infuses major decisions that affect the highest level of the Chinese stock market. Although local theorists struggled to hold their positions, the returnees were still shooting, and gunfire did not stop on the battlefield. The stock market is a place where investors invest. As Mr. Wu Qinglao said, the stock market should have a “money-making effect.” Making investors make money is a natural thing for the stock market. It is a glorious and successful stock market. Most investors lose money. Stock market shame and failure. What is a “zero-sum game?” February 25, 2000, “Southern Weekend” chief financial reporter Chen Tao in the newspaper