Fight to the third generation

"I don't want to go out this year, so let's continue to watch the fireworks. If it's not too expensive, it's not too much to watch once a day."

"It's really expensive. Tonight's match cost me 900 million. This is still the wholesale price..."

Chapter 627

The warm-up time is too long.

On "Hot News Network" for two days in a row, news about Beast Head and San Fangzhen's "going home" spread everywhere. Even the matter of Su Yehao hosting the chorus in [-] was dug up and praised again.

Probably the adrenaline ran out prematurely.

On the day of NO.19, everyone seemed calmer.

Su Yehao had no time to rest during the day. While receiving all the guests, he was also interviewed by many media in turn. After entering the venue at night, he patronized and greeted others. He received more than 70 business cards throughout the day, and finally his head was buzzing. .

In the middle of the night, after watching the flag-raising in the Garden Hall of the newly built cultural center, he went home and fell asleep, and the sound of firecrackers outside did not wake him up.

Wake up.

There is almost no difference between the rest that should be rested and the busy business that should be busy.

Christmas and New Year followed, and Su Yehao was still busy. Documents such as personnel transfers, bonus arrangements, and plans for next year piled up on his desk, and there were dozens of unread messages in his e-mail every day. Linda Yun specially called a young guy to help with the documents.

After finally finishing the finishing work at the end of the year, my head is almost a paste.

He had signed so many times on the paper that he almost couldn't write his own name. The strokes of "Su Yehao" and "Su Yehao" were quite different, which made him feel that the simplified characters were really a good thing.

When dealing with documents, I occasionally see some companies that feel very strange.

After asking, Su Yehao was surprised to find out that he was a shareholder. For example, last year, a group of computer game entrepreneurial teams invested in Silicon Valley venture capital totaled more than [-] companies, and he rarely paid attention to them.

One after another, the funds invested in the original financing were used up, and now swarms of bees came to continue to ask for financing.

The development status of these companies is uneven, and some are close to bankruptcy. They need to be re-evaluated, cut off investment projects with no potential, and stop losses in time.

As for Google, CEO Larry Page proposed to prepare for listing next year and formulate a stock reward plan. Su Yehao wanted to delay it and only replied to discuss it in the second half of next year.

It was hard to last until Christmas, and I was dealing with several girls.

Others rest during the holidays, Su Yehao seems to be on vacation every day, but he is most afraid of encountering festivals...

……

In a blink of an eye.

After New Year's Day, the "millennium bug" incident that people were worried about certainly did not happen.

Su Yehao is in a semi-retired state, and the days pass by without knowing it, and the Lunar New Year is coming quietly.

Hong Kong City has a bit of a New Year's flavor, but not too strong. This year, Su Yehao will have a reunion dinner with his father and second aunt on the [-]th day of the New Year, and stay in Yin Liuli's villa at night.

Both Nangong Tian and Jiang Yu went home to spend the holiday with their families.

On the first day of the Lunar New Year, I went to Tang's old house to pay New Year's greetings to my grandfather, and in the afternoon I visited Nong Qingying's house with gifts.

After a long circle, I finally managed to get past the Spring Festival.

On the fourth day of the Lunar New Year, that is, on February 2000th, [-], Vice President Zheng Yongwen took the initiative to call Su Yehao on a rare occasion and asked him to have a drink on the top floor of Hi～o(＊￣▽￣＊)ブ Garden Hotel coffee.

Sitting in the bulletproof Rolls-Royce Silver Spur that was just sent back, after changing the new car paint with double color matching, it feels almost like changing a new car.

Su Yehao came to the top floor of the hotel leisurely, dozed off and teased Vice President Zheng Yongwen, saying: "Brother Yong, you really know how to choose a place. The meeting place is set in my hotel. Should I invite you to drink coffee, or should you invite me to drink coffee?" Coffee, with the relationship between the two of us, how can I accept your money?"

"I hear what you mean, so I don't have to pay?"

Zheng Yongwen sat at the square table, flipped through the magazines with his legs crossed, and said with a smile: "You guys really have no conscience. When you use me, you keep talking about Dean Zheng, but now you become Brother Yong. Even if you don't pay for the coffee, the waiter I will still give them tips, and I can’t let them work hard.”

"Just kidding, don't take it seriously..."

Su Yehao sat across from him, and continued to speak: "As soon as I received your call, I immediately ran over from Big Wave Bay. Others would not have such a big face like you. Dean, you asked me to come here, what do you want to order? "

"I can't talk about orders. I just want to cooperate with you, young master. A few days ago, the media reported that you lost [-] million US dollars in stocks. Is it true or not?"

"Really, if you walk too much at night, you will inevitably run into ghosts. I still feel bad about it. It's all because of an intern assistant who is a gossip. Now everyone knows that in order to earn a few thousand yuan in reporting fees, he lost it. With a job with an annual salary of more than 20 yuan, I really don’t know what’s going on in the mind of that intern assistant.”

Su Yehao's tone was calm.

Speaking of the loss of more than 3 million US dollars, it is really his own fault.

Before the Spring Festival, he found that the Nasdaq index was soaring. Su Yehao thought that it should have peaked, so he turned to short the Nasdaq index through the first Quanye brokerage.

did not expect.

The principal of 3000 million U.S. dollars was leveraged to build a short position. The Nasdaq index rose to the sky on the second trading day. After waiting patiently for a few more trading days, only more than [-] million U.S. dollars were withdrawn.

Different from stock trading, this time it was purely Su Yehao's luck.

As it turned out, his luck was really bad.

In just five trading days, the Nasdaq Index rose by nearly 9%. It was a rare gamble, betting that the Internet bubble was about to collapse, and was immediately taught a lesson by the market, and almost lost to forced liquidation.

With the trainee assistant leaking this to the press, it would be fine if it was just a joke.

The key point is that Su Yehao still controls a listed company. After the news spread to the United States, it caused panic among shareholders of Yanwen Group. Even the US Securities and Exchange Regulatory Commission and the board of directors of Yanwen Group sent letters to ask him what happened.

In the end, Su Yehao could only make excuses, saying that the hired independent investors made their own opinions and chose to short the NASDAQ index, so he reluctantly fooled it.

Should have continued to be bullish, but chose to join the "Air Force" camp with a feverish head, turning the profit into a loss. Almost one and a half large yachts disappeared after a while, and Su Yehao would inevitably be depressed.

Looking at Vice President Zheng Yongwen at this moment, Su Yehao asked him, "Why are you mentioning this?"

Zheng Yongwen smiled and said:

"After seeing the news in the newspaper, I also studied the Nasdaq index and found that the trend since 2000 is obviously abnormal. The sharp rise these days has further proved my point. You are really courageous, young master, and the stock market has returned to glory You dare to be short at any time, and there are obviously a group of people who are pumping up and selling recently, but your hunch is correct, Nasdaq should be about to go wrong, I guess it will be recently."

Rolling his eyes, Su Yehao said, "Then don't you want to thank me for giving you inspiration at a great price, does this count as stepping on my dead body and paving a way for you?"

Vice President Zheng Yongwen smiled and said nothing, as if gloating, he took a sip of coffee and told:

"Compared with other investors, you are already very lucky. Well, you have successfully seized a big bull market, and now you just give up a small part. How can we really win and invincible in our business, and only make money without losing money. What? So, young master, do you still dare to accompany me to gamble? The old rules, earn money and share some of my hard work."

Su Yehao spread his hands and said:

"Don't dare to dare, you have already lost money, so why don't you increase your bargaining chips and get back the principal with profits? I don't believe it can continue to rise. I just transferred 5 million to the wealth management account two days ago. Collect more than [-] million U.S. dollars, and now wait for Nasdaq to show its decline, and there is only one signal missing for the time being. To be honest, I have been waiting for this opportunity since last year until now..."

Chapter 628

In his previous life, Su Yehao was just a supervisor on a construction site, so he didn't know enough about the stock market trends in this era.

He only knew of one dot-com bubble.

As for when it developed, how it happened, etc., it was all blank.

Even if you find an expert from later generations, you wouldn't dare to pat your chest and get the Nasdaq's historical trend data accurate to a certain day, let alone he is just an ordinary person.

This caused Su Yehao to be more accurate in grasping the general trend, but lacked in the control of specific details.

Other fund managers use investors’ money to make money. Even if they lose money, it’s not a big problem. At worst, they change their vests and start from scratch. As long as they can fool around and have a platform to continue raising funds, they can make a comeback in a few years.

However, Su Yehao was tossing around with his own money, and his psychological pressure was completely different, which made him bound to be tied up and make many wrong decisions when investing.

For example, Cisco, Qualcomm, and Yahoo stocks last year, from the perspective of the first ten days of February 2000, obviously sold a little earlier.

Last year, Cisco's annual revenue was close to 200 billion U.S. dollars. The 1999 financial report released in February was quite beautiful, which caused its market value to soar again, breaking through 5000 billion U.S. dollars.

The total market value of Yahoo has also increased to more than 1000 billion US dollars.

If Su Yehao hadn't thought about getting his pocket money safe, and had held on to this batch of financial assets until now, it is estimated that he could earn an extra two to three billion US dollars.

Sitting on the roof of the hotel chatting with Vice President Zheng Yongwen, many guests around glanced at Su Yehao from time to time.

Office workers have already gone to work on the fourth day of the Lunar New Year, and the attendance rate today is less than one-third. The guests who can come to Hi Garden Hotel for consumption at this moment are generally not bad. It may be because they often see celebrities and wealthy businessmen. , and no one rushed to disturb him.

At this time, Zheng Yongwen asked curiously: "I don't understand why you chose that time point to short the Nasdaq index and invest so much money?"

Su Yehao smiled awkwardly, sighed and said:

"Don't mention it, I'm so regretful that I want to bang my head against the wall, because I read the news that the wave of interest rate hikes in the United States is coming to an end, and the average price-earnings ratio of those technology stocks has exceeded [-]. I think you understand better than me how exaggerated this number is. .”

"So, I just wanted to take a gamble. I thought that the 10% leverage left was relatively large, and the Nasdaq index had risen a lot since the millennium. I thought it would It’s relatively safe. I didn’t expect that it would go up in a straight line for several days in a row. If you didn’t think about getting back your money, you would actually have a chance to run away earlier.”

"Thinking about it now, it might be my fault that I'm too rich to take this investment seriously, otherwise I should be more careful..."

Looking up at Su Yehao, Zheng Yongwen almost choked, and was provoked by his words "blame me for being too rich".

Inexplicably, it seems reasonable.

It's probably like a rich person who takes hundreds of millions and goes to Lisboa to gamble and have fun. It doesn't affect life anyway, and it doesn't matter if you win or lose.

Zheng Yongwen thought that the money came too easily, so it was easy to ignore it, so he shook his head helplessly, and said, "You can only blame your bad luck, young master. In fact, your thinking is not wrong in my opinion, it's just that you underestimated the value of capital." How strong is the desire to survive."

"Desire to survive?"

"Yes, no one wants to burst a multi-trillion-dollar super bubble in their own hands, and the best way to attract others to take over is to continue to copy high stock prices and create the illusion that the stock market is still prosperous. Everyone is cautious Maintaining the status quo, in fact, a soft landing is unlikely, the Fed has raised interest rates five times in the past year, and there are at most one or two more, in fact, the bubble may burst at any time, you are not lucky enough."

Zheng Yongwen went to India to practice again after finishing his proposal for the semiconductor industrial park last year.

Dried a bowl of Ganges water with fever in the head... Then the head really became hot.

He had a high fever of forty degrees Celsius. After going to the UK for an examination, he found that there were parasite eggs in his head. He had to undergo a craniotomy before he recovered.

A few days ago, he had been busy taking care of his body. He accidentally saw the news of Su Yehao's loss of money in the newspaper, so he started to pay attention to the recent trend of Nasdaq.

With this attention, I couldn't sit still immediately, so I took the initiative to find Su Yehao today to discuss a partnership in speculation.

After listening to him.

Su Yehao sighed again and replied:

"I also understand these reasons. There are more and more shorts like me, but they are not as dark as I am. They like to play hedging, and I only hold one side. High risk and high return, the loss is correspondingly greater. In fact, this The money I lost this time was all the profit I earned from seeing more money a few days ago, do you have any research on the timing?"

"No."

Shaking his head, Zheng Yongwen added:

"So I also plan to try to hedge and wait and see the future trend. Anyway, based on the performance these days, the Nasdaq market has gone completely crazy, leaving all value investment and growth investment behind. I think the next trend should be It has something to do with the Fed’s movements. The funds that should flow back to the United States are already in the stock market, property market, and bond market. When the Fed starts to weaken, the market will collapse, and there are already turmoil outside.”

Su Yehao is also very clear about these simple truths.

He lost money this time, mainly because he didn't expect it at all. The Nasdaq market was so crazy this time, and the Fed probably felt that the bubble was too big. The latest interest rate hike exceeded market expectations, pushing up again. share price increase.

It's all a loss, there is nothing to regret, Su Yehao ordered a cup of mocha, and said in his mouth:

"At the beginning, I discussed with the investment bank the lock-up period of the Yanwen Group's original shares. In order to reassure the shareholders, I followed the trend and decided to set it one year later. This means that the shares I hold in the Yanwen Group will have to wait until April It can only be sold in the market after that, I wonder if I can find someone who has taken advantage of me recently, and directly get some blood back in the form of large transactions and agreement transfers."

Zheng Yongwen asked him: "What is the total market value of your Yanwen Group?"

"I don't know very well, I didn't dare to read more, lest I feel bad after the fall. Last week, it broke through 160 billion US dollars. I haven't done a good job in the financial report. I threw all the losses into the annual financial report. The major shareholders personally suppressed the stock price, except for me. Other than kind people, who else?"

"Master, it's not good for you if you do this. As long as the stock price falls and the investment fails to make money, the stockholders will still not accept your favor, but it will be annoying. Just tell me this kind of thing, and you must not Spread the word, so as not to ruin your reputation."

"Understood, I'm not stupid..."

Bringing the topic back to the proposal of cooperation again, Su Yehao agreed to vote [-] million US dollars for Zheng Yongwen, but the commission after making money should be set according to the profit scale.

Zheng Yongwen only wants to hold a large sum of money and have fun. He himself has relatively low pursuit of money, so he offered to take 5% of the profit when he offered to double the profit.

From this point of view.

It seems that they are quite confident in the prospects. In normal times, it is not easy to earn more than double the profit.

He is so sincere, Su Yehao has nothing to say.

Around the recent trend of Nasdaq, analysis and discussion for a while.

As for the reduction of shares in Yanwen Group through bulk commodities, given the current situation, it is not easy to find a big boss to take over the offer. If the food is too ugly, it is easy to cause resistance from other major shareholders.

Considering the prospects of Yanwen Group, it is better to continue to hold the shares in your hands and wait patiently for three to five years, so Su Yehao just mentioned it casually, without much expectation...

Chapter 629 Big Four and Asset Management Companies

Zheng Yongwen came to find Su Yehao.

In addition to talking about cooperation, it is actually for the reform of the Hong Kong Stock Exchange.

Before asking Zheng Yongwen to come out, Su Yehao promised that he would fully recommend him to be the CEO of the Hong Kong Stock Exchange.

After a lengthy discussion.

The reform work of the Hong Kong Stock Exchange has already begun. Many powerful and wealthy businessmen in Hong Kong City, like Su Yehao, want to implement shareholding in the Hong Kong Stock Exchange and Hong Kong City Futures Exchange Co., Ltd., and merge with Hong Kong City Settlement Co., Ltd. In the process, get a share of the pie.

Prior to this, many people only stood for multinational financial companies, hoping to attract companies including Goldman Sachs, BlackRock, JP Morgan, etc., so that Hong Kong City's financial securities market will further internationalize and increase its competitiveness.