Manhattan Reborn 1978

Northeastern United States.

Boston, the capital of Massachusetts.

Boston is one of the oldest cities in the United States, with the most cultural value, the richest educational resources, and the highest level of education among its residents.

There are more than 100 universities in the entire Boston metropolitan area, with more than 20 college students receiving education here. The high degree of sharing of educational resources, the highly developed banking and financial industry, the comprehensive strength of the medical and health service industry, and other aspects far exceed other regions in the world.

In particular, Boston's well-developed medical and health service industry made it known as the city with the healthiest residents in the world in 76.

In the urban area, people can see various medical institutions clustered together everywhere. They have countless latest and most cutting-edge medical technologies that ordinary people cannot imagine, and they never seem to lack massive financial support from "financial backers".

. . .

Afternoon~

In a cafe near Harvard Square, a famous tourist attraction in Cambridge.

David hurried over from New York hoping to find his mentor, Professor Bartlett, to help him solve his problems. After standing at the door of the cafe and looking around, he sighed that he had finally found the right place.

Because at this time, Professor Bartlet was sitting at a small table by the window in the cafe, enjoying the warm spring sunshine, sipping his favorite coffee and reading carefully.

"tutor!"

"Ok?"

Professor Bartlet looked up and raised his eyebrows in surprise when he saw David. He asked with a smile, "How did you find this place?"

"Haha!" David walked over and sat down opposite Professor Bartlet. He did not tell him the purpose of his visit at the first moment, but just went along with it.

"Uncle Julie knew I was coming to see you, so he gave me a few addresses, saying that if you weren't resting at home, you would definitely be at these places..."

"Hahaha~ It turns out to be Julie."

"Where have you been?"

"I went to your home first, then to your school, and the people there told me that you might be here or in the library."

"So you went to the library first, and found that I was not there, so you came here?"

"Yes."

"But, you're already here, but the person you asked me out with hasn't arrived yet!"

"You are here, do you have an appointment?"

"Yes, he is Leonard Sullivan, the dean of our business school." Professor Bartlett said, raising his hand and pointing behind David.

David looked back and saw an ordinary-looking old man with gray hair standing behind him. He took off his hat and smiled: "Sorry, my car broke down on the way."

"Haha~" Professor Bartlet couldn't help but laugh and shook his head when he heard his old friend make such a lame excuse again, and invited him to sit down.

"That's David Coleman, my last student."

"Hello, Dean Sullivan." David stood up, smiled and saluted, along with a polite greeting.

"Well, I've been hearing your name a lot lately."

"Someone just now lamented to me that you couldn't help but accept the last student." Dean Sullivan's words seemed to have other implications. He looked at Professor Bartlet, and his smiling face made David inevitably complain in his heart.

However, Professor Bartlett paid no attention to his old friend's complaints and probing. He shook the manuscript he had not finished reading and said with a smile, "I asked someone to write a supplement to the manuscript David gave me. Do you want to take a look?"

"..Forget it." Dean Sullivan blinked, looked at the manuscript handed to him, and shook his head.

"The man himself is sitting in front of me, why are you still reading the manuscript? I can ask him directly if I have any questions."

"OK~ go ahead and ask." Professor Bartlett took back the manuscript, put it on the small table, raised his eyebrows at David, and gave him a silent hint.

"Uh..." Surprise flashed across David's face. His eyes moved between the two old men and he looked at his mentor with some uncertainty.

Professor Bartlet understood David's expression, pursed his lips and held back his smile, nodded slightly, and confirmed his meaning again!

Emm. .

David turned to look at Dean Sullivan and found that he seemed to have seen through everything and calmly adjusted his sitting position.

"David, I've read your manuscript. It's called Monetary Finance?"

"I and everyone who has read this manuscript have a common question~"

"You only went to high school and never formally studied economics in any school. Why did you write this book?"

"Write a book..." David knew that this question was not easy to answer. After thinking about it carefully, he received a third urging hint from Professor Bartlet and answered cautiously.

"My initial purpose was to use it to verify my learning outcomes and methods with my instructor."

“The results of this phase of learning are the manuscripts you see.”

"And my learning method, I call it Comprehensive Attribution Methodology in Research."

"This method is a systematic academic concept that emphasizes the integration of interdisciplinary knowledge and the clarification of knowledge sources. The core is to achieve the concise application of knowledge by tracing the underlying logic of various basic disciplines."

"To put it more simply and directly, it is a kind of adoption with a clear purpose."

"Oh?" Dean Sullivan's smile faded a lot and he stared at David and asked.

"Did you create this word yourself?"

"Of course~ If no one has mentioned it to you, then it was created by me." Under the gaze of Dean Sullivan, David's demeanor suddenly became unusually relaxed and confident, and he shrugged and smiled.

"Let me give you an example. Do you know the Apple personal computer or have you seen its commercials?"

"Yes, I saw it in the newspaper."

"What do you think of it?"

"Haha~ It's not a personal computer at all. It's just an expensive electronic toy at best." Dean Sullivan answered David's question with a smile in his eyes.

"Yes! You are right in making that assessment."

"But you probably don't know that the Apple II personal computer launched by Apple Inc. in California uses a microprocessor from Motorola, and its dynamic and solid-state memory comes from Intel. Only the floppy disk drive was designed independently by Apple engineers and then produced by a contract manufacturer."

"Whether it's the Apple II personal computer in newspaper ads or the cars of various brands on the streets, they are all typical heavy asset commodities in the late stage of modern industrial development."

"Dean Sullivan, you should be very familiar with the term heavy assets."

"Its advantages are that it requires a large amount of capital investment, a long cost recovery period, high technical barriers, and an operating model that is not easy to imitate, making it easier to form a semi-monopoly in the industry and also easier to generate economies of scale."

"However, if a mature heavy asset operation company wants to establish a competitive advantage through economies of scale, it must meet two conditions~"

“First, it is fixed costs (inputs), which must account for a large proportion of the total cost.”

“Very large, relative to the size of the market in which the business operates.”

“These fixed costs may be fixed assets such as factories, or long-term operating expenses such as advertising.”

“Second, product technology must be combined with customer needs and loyalty to keep competitors out.”

"In the past 100 years of industrial and economic development in countries around the world, energy industries, large-scale manufacturing, real estate industries, transportation infrastructure construction, automobile manufacturing, semiconductor industries and aerospace industries all fall within the framework of heavy asset industries."

"In the early 50s, the federal government promulgated the Uniform Commercial Code, which clarified the planning of inventory pledge business and vigorously promoted the healthy development of various industries, especially the promotion of supply chain finance, which helped countless small and medium-sized enterprises to enter a stage of rapid growth."

"Their booming development has also led to the rapid rise of many large logistics companies, such as FedEX and UPS, and they have begun to cooperate with banks to provide advance payment financing, settlement insurance, collateral assessment financing and regulatory services, which has enhanced..."

David paused and looked at Dean Sullivan, then asked tentatively, "I talked with President Guy Luther of Princeton University about the real employment situation of their school's recent graduates and what their school directors think about it."

"My company is located in Stanley. They started laying off employees last fall. I heard that they have no plans to recruit more interns this year, so..."

Dean Sullivan's eyes flickered a few times, and he smiled and nodded. He took out a soft cover memo from his pocket, wrote it down, and then asked, "Supply chain finance (abbreviated as SCF) may be of interest to investment banks. I've made a note of it."

"Any more?"

"..." David lowered his head and stared at Dean Sullivan's memorandum for a few seconds. The strange feeling in his heart became stronger.

Professor Bartlett's eyes wandered over the two men's faces. He held back a smile and raised his hand, pointing at the manuscript he was reading in front of him. He said to David, "These were written for you by Donald, a student of Dean Sullivan."

"Oh~ I see." David met his mentor's gaze with a helpless smile, shrugged, thought for a while, and continued.

"I remember there was a debate on TV about whether people should eat more vegetable oil or animal oil."

“Vegetable oils include soybean oil, olive oil, peanut oil, sunflower oil, corn oil, sesame oil, etc.,”

"After World War II, the industrialization of our domestic farming developed very quickly, which not only made these agricultural products that can be used to extract vegetable oil cheaper, but also enriched the options for ordinary people in their daily lives."

"Plant cooking oil has the advantages of high nutritional value and being more easily absorbed by the body."

"However, it is questioned because its chemical structure is not stable and it easily produces a large amount of right ankle substances at high temperatures."

"There is no such problem with animal edible oil. It is very popular in dishes made with various vegetables. Its unique flavor and multiple special nutrients can not only whet people's appetite, but also promote the absorption of vitamins in the human body."

"So which type of oil is better to eat? In my opinion, this is not the question at all~"

"If you want to eat healthily, you must keep the nutritional intake of the body balanced. The two oils can be eaten together, there is no need to worry about it."

"It seems that your words should be used at students' graduation ceremony." Dean Sullivan put down the pen in his hand and stared at David with a smile.

"You...don't you have the same trouble as Principal Luther?"

"I'm just a dean, not the principal. Why do I care so much?"

"Oh~ Then I think you might be more concerned about the number of students admitted this year, the number of graduate students applying, and the teaching staff..." David said, looking at his mentor, Professor Bartlet, without saying the rest.

"Hahaha~ You lost, take the money!" Professor Bartlet laughed and slapped the table twice, saying proudly to his old friend Sullivan.

"..As expected!" David rolled his eyes speechlessly, picked up the coffee and drank it.