Returning to his senior year of high school, he went all in and made billions by buying at the botto

Just after the New Year's Day holiday, a light snow fell in Beijing.

Chen Mo stayed at Tsinghua University for a full week longer than usual. The hustle and bustle of commerce and capital was temporarily shut out from the red walls and gray tiles, and his life was once again filled with dense literature, laboratory screens, and the routine of campus life.

In the teaching and research office on the second floor of the Electronics Building, Zhou Yan gently pushed a new training program in front of Chen Mo.

Beneath the cover page, the breadth of the course catalog is astonishing: Semiconductor device physics, advanced three-dimensional heterogeneous integration, micro-nano fabrication and optoelectronic hybrid interconnection are prominently listed, and further, it directly crosses over to include introduction to condensed matter physics, electronic transport in low-dimensional materials, molecular self-assembly and even extreme manufacturing processes.

Most of these courses have long since gone beyond the undergraduate scope of the Department of Microelectronics, requiring joint instruction from leading scholars across departments, including the Department of Microelectronics, the Department of Physics, the College of Materials Science and Engineering, and the Department of Chemistry.

Zhou Yan flipped to the end of the plan, her expression serious: "Professor Wu specifically instructed me to ask you this: the focus of the next stage of training has clearly moved away from simply applying the Qingjia project."

"The discipline spans the four major categories of science and engineering, and the mentor team needs to know your purpose in constructing this knowledge system."

Chen Mo looked at the list.

Over the past few months, he has compiled more than forty technical routes from his memory of 2035.

Three-dimensional wafer stacking and optoelectronic hybrid interconnects are entering Qingjia.

DNA programmable manufacturing remains in the laboratory verification stage.

Moiré superlattices, room-temperature superconductivity, photonic computing, and quantum networks are placed in a more distant position.

He knew where those directions would ultimately lead.

What's missing now is connecting the endpoint with the current fundamental theories, material systems, and manufacturing conditions, piece by piece.

"First, establish a knowledge framework."

Chen Mo looked up to meet Zhou Yan's gaze, his tone calm: "Whenever there is a technological anomaly in a cutting-edge global laboratory, I need to have immediate physical intuition and engineering judgment."

"Which evolutionary path does it belong to, and how many technological generations are still needed before it can be industrialized and mass-produced?"

Zhou Yan nodded.

This answer is consistent with Wu Huaqiang's judgment.

Ordinary researchers will delve deeper into a specific subfield.

A genius like Chen Mo needs to master a God's-eye view that overlooks the entire physical world and industrial system.

"Then we'll proceed with this plan."

Zhou Yan picked up a pen and marked several time slots on the schedule.

"January will focus on condensed matter physics and nanotechnology."

"After the Spring Festival, we will add silicon photonics, two-dimensional materials, and molecular self-assembly."

"The course still uses a combination of intensive lectures, reading materials, and discussions with instructors, and does not occupy a fixed timetable."

She closed the booklet and added, "Also, Professor Wu asked me to give you a heads-up."

"Qingjia will freeze the final map on January 25th. You must leave time for the lab during those days."

"no problem."

After the training program was finalized, Chen Mo completed his first final exam since entering Tsinghua University.

His examination room was completely different from that of his classmates in Class 51 and even the entire Department of Microelectronics.

In a single-person examination room, five teachers each set the questions, covering topics such as semiconductor physics, microelectronics processes, device reliability, memory systems, and computer architecture.

Each exam paper now includes an oral defense.

The teacher can continue to ask follow-up questions about the answer until it is confirmed that Chen Mo truly understands the derivation process.

The final grades were quickly entered into the department's system.

Semiconductor device physics, 100 points.

Microelectronics technology, 98 points.

Device reliability: 100%.

Storage system, 100 points.

Computer architecture, 99 points.

All of the experiments and reading reports were rated as excellent.

On the day the results were announced, the restaurant on the second floor of Zijingyuan was open for business.

Su Qingyan brought up the grades interface on the academic affairs intranet, stared at the row of dazzling full marks and S grades, and remained silent for a few seconds, which was rare for her.

Tang Sinan peeked over, her chopsticks clattering in mid-air, her face a picture of utter disbelief: "Five hardcore professional courses from different departments... all perfect scores?"

"I study even when I'm not at school."

Chen Mo calmly placed a piece of tender winter bamboo shoot into his bowl: "I haven't been idle even when I'm not at school."

"This dismissive statement does nothing to alleviate the psychological trauma of an ordinary Tsinghua student." Tang Sinan pointed indignantly to the stack of advanced calculus problem sets, nearly half a foot thick, on the table. "To avoid failing calculus, I've been staying up until 1 a.m. every day this week in the study room! My hairline is protesting!"

Cheng Jingyi carefully reviewed the assessment subjects.

"There's no need for pointless horizontal comparisons. Chen Mo's assessment plan was directly submitted to the school's academic committee. The scope of the questions in the main examination question bank and the depth of the industrial-grade cutting-edge certification are not even on the same benchmark as the school's undergraduate final exams."

Tang Sinan's eyes lit up, as if she had grasped a lifeline: "Jingyi, are you subtly trying to reassure me that I'm actually quite smart?"

Cheng Jingyi turned her head expressionlessly: "No, what I mean is, if you were to take that test, you probably wouldn't even be able to understand the questions."

Tang Sinan leaned back completely in her chair, losing all desire to speak.

Zhou Yuning pushed up his glasses: "At first I thought that the special interdisciplinary training was a shortcut, but now it seems that it is a complete dimensional reduction attack of talent and brainpower on ordinary people."

Su Qingyan put down her phone, her charming eyes landing on Chen Mo: "Chen Mo, sometimes I really want to go into your head and see if there's an old man inside."

"You still have time to watch Battle Through the Heavens?" Chen Mo asked in surprise.

Su Qingyan blushed slightly: "I found it on Douyin."

Then she picked up a piece of pork rib and put it in his bowl: "How did you know?"

Chen Mo suppressed a laugh, lowered his head and took a bite: "I also found this on Douyin. How's your final exam preparation, Su?"

"At least I won't fail the course."

"Such a low target?"

Su Qingyan narrowed her eyes slightly.

Chen Mo wisely poured her a glass of water and didn't provoke her any further.

.........

After a brief period of campus life, Chen Mo left Tsinghua University and went to Taichu Capital.

Kyoto Fortune Center.

The convoy entered the underground exclusive drop-off area, and a dedicated elevator led directly to the core office area of ​​Taichu Capital.

With the establishment of the Taichu No. 3 and No. 4 products, each with assets exceeding 10 billion yuan, the original office space could no longer accommodate the ever-increasing investment research, trading, risk control, and institutional service teams.

The company purchased the two floors immediately below it before the end of the year.

The three-story office area is connected to a separate access control system via an internal elevator.

The top level retains the board of directors, the core investment committee, and a separate meeting room.

The middle layer is used for investment research, trading, and risk management.

The bottom layer houses the finance, legal, compliance, institutional services, and data systems teams.

The number of registered employees at the beginning also increased from the initial few dozen to nearly two hundred.

When Chen Mo stepped out of the elevator, the large office area was orderly, with only the sound of keyboard typing and the soft whirring of the printer, without any sense of disorder.

Everyone was busy with their own duties, meticulously checking the year-end settlement and offshore audit working papers.

At 10:00 AM sharp, in the top-floor conference room.

The final audit meeting for Taichu Investment Management's 2015 annual operations has officially commenced.

Both sides of the long table were occupied.

Zhao Qiang and Xu Xiang were seated on the left and right respectively. The Chief Risk Officer, the Director of Legal and Compliance, the Director of Finance, and the core investment managers and senior risk officers of Funds No. 3 and No. 4 were all dressed in formal attire.

Two thick annual reports were placed in the center of the long table.

Primordial No. 3.

Primordial No. 4.

Taichu II involves special funds and a separate decision-making system, and is not included in Taichu's regular business meetings.

Zhao Qiang was the first to stand up and turn on the projector.

"Ladies and gentlemen, I will now report on the annual operating results of the Taichu No. 3 Steady Industry Fund."

"Fund No. 3 completed its closed-end fundraising of 10 billion yuan at the end of July, with initial net assets of 10 billion yuan."

"As of the closing bell on December 31, after deducting accrued management fees and pre-accrued performance fees, the net asset value per unit was 1.153, and the total net assets of the product were RMB115.3 billion."

"After five full months of operation, we achieved an absolute net return of 15.3%, with the maximum dynamic drawdown strictly controlled at 8.1% during the period."

On the projection screen, the net asset value curve of Taichu No. 3 over the past five months was displayed.

In August and September, the A-share market had just experienced the second wave of liquidity collapse and the sharp drop in the RMB exchange rate, with thousands of stocks hitting their daily limit down being a common occurrence.

While the average loss of similar private equity funds across the market exceeded 20% during the same period, Taichu No. 3 stood out like a stabilizing force, carving out a perfect arc of upward climb against the tide amidst turbulent waves.

"Currently, equity holdings account for 74% of the portfolio, cash and highly liquid treasury reverse repurchase agreements account for 18.6%, and the remaining positions are concentrated in high-quality private placement discount arbitrage and convertible bonds."

Zhao Qiang's expression was solemn, with undisguised pride: "Since the disclosure of net asset value, several cornerstone institutions, including Guoxin Capital and CITIC Trust, have sent letters four times in a row requesting additional quotas."

"In accordance with the ironclad rule previously set by President Chen, the subscription channel was physically locked ten days ago and no new subscriptions will be accepted at this time."

Chen Mo opened the position penetration table.

The real main profits are not generated by any particular stock that suddenly surges in price.

Semiconductor equipment, high-end manufacturing, leading liquor companies, internet platforms, and financial assets together constitute the sources of revenue.

The most important of these positions were established precisely when the market was in a state of extreme panic and everyone was rushing to flee.

"The goals for next year remain unchanged."

Chen Mo closed the report.

"Continue to make long-term allocations based on core assets and industry trends."

"Don't start chasing every short-term hot trend just because you've made money this year."

"Ten billion yuan is not a small amount; long-term stability is more important than ranking first on the private equity list for a particular month."

Zhao Qiang solemnly replied, "Understood."

Then, all eyes in the conference room turned to Xu Xiang.

The report from Primordial IV is noticeably thicker.

Xu Xiang sat to Chen Mo's left.

After the investigation and internal verification, he was thinner than he had been a few months ago, but the sharpness in his eyes had not disappeared.

"The initial scale of Taichu IV was also 100 billion yuan."

"As of the year-end settlement, after deducting all fees, the net asset value per unit closed at 1.228, and the total net assets of the fund settled at 122.8 billion yuan."

"Since its inception, it has achieved a net return of 22.8%, with a maximum dynamic drawdown of 11.6% during the period."

The returns from number four are significantly higher than those from number three.

The net asset value curve is also more dramatic.

Panic selling, mergers and acquisitions, discounted private placements, convertible bonds, and liquidity shocks all contribute to the profit sources of the special transaction group.

Three transactions contributed nearly 40% of the profits.

The largest pullback came from the freezing of trading permissions and the concentrated market sell-off during the Primordial Crisis.

"The 31st account has been confirmed by the investigation department to have no conflict of interest with Taichu or President Xu."

The compliance officer took over the conversation.

"All transactions over the past three months have been reviewed, and no wash trading, transfer of benefits, or trading using undisclosed information has been found."

"Research, decision-making, trading, and risk authority have been restructured."

"The new system also includes the declaration of employees' personal equipment, temporary leave of absence, external communications, and relatives' accounts."

Chen Mo did not immediately comment on the returns.

He reviewed the risk control appendix and then looked at the person in charge and the completion date for each rectification item.

"A 22.8% return is commendable."

"But this incident also shows that no matter how well a deal is done, a loophole in the system is enough to bring the entire company to a standstill."

Chen Mo then looked at Xu Xiang.

"Number 4 can continue to maintain the pace, but I hope everyone will remember what happened last time."

Xu Xiang met Chen Mo's gaze without flinching and stated in a deep voice: "I will personally sign the final rectification commitment letter and bear joint responsibility."

"If any violations of risk control red lines occur again within the trading team in the future, I, Xu Xiang, will personally disband the Special Trading Department without waiting for the custodian bank and regulators to stop it."

"Very good." Chen Mo closed the file and nodded in satisfaction.

Two hours later, the reports from Number Three and Number Four were completed.

Two market-oriented flagship products, developed over five months, delivered a net after-tax return of RMB 38.1 billion to institutional and high-net-worth investors amidst the current bear market and challenging macroeconomic environment in the A-share market!

This record is solid and unshakeable, thanks to thorough audits conducted by the Big Four international accounting firms and national custodian banks.

But the meeting did not end there.

The finance manager stood up and placed the third report in front of Chen Mo.

There was a line of text on the cover.

Resolution on Proprietary Income, Performance Fee Appropriation and Profit Distribution of Taichu Investment Management Co., Ltd. in 2015

"Mr. Chen."

"The management fees and performance-based compensation for No. 3 and No. 4 have been initially accrued."

"In addition to the proceeds from the liquidation of Taichu No. 1 and the company's own funds for investment."

"This is Taichu Capital's real profit this year."

Chen Mo turned to the first page.

The numbers that came into view made several executives in the conference room, who already knew the product's net asset value, still instinctively sit up straight.