"Continuously buying" National Chengchi University Finance Professor Chou Kuan-nan increased his position in 0050 on the day of the Taiwan stock massacre, but it sparked a debate: "Does understanding academia mean understanding investment?"

Recently, the Taiwanese stock market faced a crash, with multiple stocks hitting the limit down, and the Taiwan Index dropped more than 2000 points in a single day on the 7th. At this time, the bestselling author of "Continuous Buying," who is also a professor at National Chengchi University's Department of Finance, Chou Kuan-nan, expressed on Facebook that he chose to buy in. However, day trader Dr. Mark Yang, known as the Gaming Doctor, and financial researcher Yu Che-an have different opinions on this, sparking a debate in the community. Does understanding academia equate to understanding investment?

The professor from National Chengchi University Business School continues to buy into the market index.

Professor Zhou Guannan stated on the morning of the 7th: "I bought it, if not at a discount, then when else?" and attached a screenshot of his purchase of 0050, at a time when the Taiwan index plummeted by 2000 points. Professor Zhou Guannan is known for his philosophy of continuous buying, emphasizing a long-term holding strategy. This is because purchasing a large-cap index naturally filters out the weak and retains the strong, benefiting from economic growth in the long run. Professor Zhou Guannan stated that this is the most suitable investment method for retail investors and the laziest way to invest.

Trader: The limit down represents that the actual price is lower than the current price.

However, day traders and e-sports doctor Dr. Mark Yang stated that those buying long positions in the index today are foolish, and bluntly said that one should not take long positions when the price falls to the limit. He mentioned that although Zhou Guannan is a professor and a bestselling author, it is evident that he does not understand the basic rules of the stock market. This is because the limit down price is much lower than the current price. He further pointed out that Zhou Guannan's philosophy is 'buy at any time,' yet he precisely chose a buying price that is higher than the actual price.

Does understanding academia mean understanding investment?

Financial researcher Yu Zhe'an reposted Dr. Ma Keyang's post, stating that if you seek advice on playing cards, you must consult someone at the card table rather than someone at the writing desk. This clearly indicates the significant gap between practical investment operations and academic research. Professor Zhou Guannan also commented in the message section, stating that hitting a wall will hurt; why would you still want to hit the wall? This implies that since academia points out that market timing ability does not exist, why challenge academia?

Yu Zhe'an also stated that this is not a timing issue, but rather a difference in the risk-reward ratio between buying at the limit down and buying after it opens. It clearly points out that the limit down indicates that the current market price is greater than or equal to the market value. Buying at the limit down, the buyer is likely to pay an implicit premium.

Similar topics have also sparked discussions on Threads, where DA trader alliance member Dog Brother b26ny questioned: If economists really understand economics so well, why haven't we seen them on the rich list?

This article "continues to buy" Zhou Guannan, a professor in the Department of Finance and Management of NCCU, added 0050 to the killing day of Taiwan stocks, but it sparked a controversy: "If you understand academia, do you know investment?" first appeared in Chain News ABMedia.