Fight to the third generation

Now that the pilot work has started, I believe that the full liberalization should not be too far away, and many people laughed from ear to ear.

The vast majority of fund companies have not yet received admission tickets, and the 5S asset management companies that have prepared in advance have already started to directly use cooperative banks, securities companies, and offices in major first- and second-tier cities under Su Yehao's instruction. , began to officially absorb funds from the outside world, and temporarily put them into the official regulatory account.

Affected by this incident, the stock market rose sharply.

After all, retail investors have always been the main force before, and now there is a new institution, which means that a lot of funds will inevitably flow into the stock market, which will make the market more dynamic.

The news was overwhelming, and there was no need to spend money on publicity. In the next two weeks, 5S Asset Management Company raised more than 80 billion yuan.

You know, the size of the entire fund industry in the country was only 600 billion yuan.

Seeing that the open-end fund has exploded with such amazing potential just after it was established, many executives of fund companies who are also on the pilot list feel regretful and want to bang their heads against the wall, blaming themselves for not being able to launch the product to the market in the first place .

However, after their open-end fund products actually came out, they found that a large amount of funds still only flowed into the accounts of 5S asset management companies.

After investigation, a reporter found out that what these investors recognized was not the open-end fund itself, but wanted to follow Su Yehao to get rich and hand over the money to this small stock god in Hong Kong City to take care of it...

when these things happen.

Su Yehao is in Silicon Valley, and only remotely directs the executives of the 5S asset management company to look for more potential stocks worth investing in before he goes back.

Nasdaq has experienced a recovery period, and this week ushered in an avalanche again.

This time he failed to seize the opportunity, entered the market belatedly, built some short positions in stock index futures, and bought funds that were three times short on the Nasdaq, and allocated some option contracts that were short on other Internet companies.

Although I missed the best time to enter the market, I still made a lot of money in the past few days, roughly more than 2 million U.S. dollars.

The excuse for coming to Silicon Valley this time was to deal with business, but in fact Nong Qingying acted like a spoiled child to please her, and insisted on letting him stay by her side to accompany her.

That's why he had no choice but to cross the Pacific Ocean and come to Silicon Valley to avoid people's eyes and ears.

The ranch she was interested in before has not been sold, and the seller has lowered the price by 200 million US dollars. After Su Yehao heard the news, he has already contacted the seller in the name of Nong Qingying. Now he just waits for the lawyers of both parties to be ready, sign and pay to complete the transaction .

From this point of view, the purchasing power of the rich in Silicon Valley is indeed not as good as before.

In March of this year, before Nasdaq ushered in the cold winter, a large piece of pasture in the Bay Area would be bought by someone in minutes. How can it be backlogged in the market for several months, and no buyer has been found? .

September NO.2000 in 20.

Nong Qingying came forward in the morning and signed the contract with the seller of the ranch. In the afternoon, Su Yehao took her to inspect the ranch and received herds of cattle and sheep that had not yet been slaughtered.

The name of the ranch is still the former "N3 Cattle Raising Company". Including oak forests and grasslands, the area even exceeds the urban area of ​​San Francisco, and it is considered the largest ranch in the whole of California.

Stepping on the grass at this moment, Su Yehao supported Nong Qingying and said in admiration:

"Only after seeing it on the ground did I realize how big it is. If this piece of land were placed in Hong Kong City, it would be worth at least 5000 billion Hong Kong dollars, and it could accommodate several million more people."

Nong Qingying was amused by this sentence, she walked forward cautiously while supporting her waist, and said: "How can there be so many people in Hong Kong City, the house is developed and unoccupied, be careful that you will die in the end."

"Why is there no one? The population of Hong Kong City is small, but there are many people in the mainland. If the restrictions on house purchases are lifted, they will definitely be sold within 20 years. 5000 billion Hong Kong dollars is just the land price, which is a full 200 miles, which is equivalent to more than [-] square kilometers. Being used to raise cattle like this, a country with a vast land and few people is indeed a luxury."

Su Yehao walked with his head down, so as not to accidentally step on cow dung. Although this thing doesn't smell so bad, it would be disgusting to step on it.

Looking around, there are lush greenery everywhere.

Even if you don't earn money by raising cattle, it's great to live as a private property.

After changing the subject, he continued to say to Nong Qingying:

"For those white-tailed deer in my yard, I'll find someone to bring them here tomorrow. There are no natural enemies in the house, and I've bred four deer, so it's easy to damage the lawn. Also, find someone to apply for a permit to tear down the old house and rebuild it. How about a house?"

"Well, I also have this idea. The previous house was built in the 60s, with only four rooms. It would be a pity not to build a good house on such a large piece of land. The ranch is your gift to your children, and the next thing to spend money on Let me come to the place myself, or I can give birth here when the time comes, the environment is very suitable for raising children."

After Nong Qingying finished speaking, she waved her hand to indicate that she was tired, and directly sat in the car behind.

The ranch is infested with wolves, and the bodyguards are not taking their guard lightly.

Su Yehao heard the words and immediately retorted:

"Although the environment is good, the medical conditions are not good. It takes an hour to drive to San Francisco from here. What if something happens. It's not bad if you come here for vacation occasionally. At worst, you can open a hotel here through Aman, and even save the money for building a house. , American land is cheap, but labor and materials are very expensive.”

"Hmph, what's the difference between me here and Hong Kong City? Anyway, you don't have time to come and see me."

"..."

Thinking that the source of the problem was here, Su Yehao replied with a wry smile: "You can't help yourself in the rivers and lakes. Soon you will have a child with you. The little guy is much cuter than me..."

Chapter 703

Su Yehao lives with Nong Qingying in the ranch.

In the next two days, I helped sort out the management of the N3 ranch, and found that such a large ranch only raised more than 3000 head of cattle.

I used to think that more than 3000 cows are a lot, but compared with the vast area of ​​the pasture, it actually only occupies a small part of the space.

According to the old local staff.

This is mainly because the former owner did not have sufficient funds, and had not repaired the cowshed, purchased machinery and equipment for many years, and did not put their minds on this land.

In addition, environmental protection agencies also require that the local original style be maintained, otherwise huge fines may be issued.

The N3 ranch is mainly engaged in the business of selling calves to the outside world, that is, using breeding cattle to breed calves, raising them to half-sized and selling them to ranchers in need.

Coupled with the income from the wool and farm business, the total annual profit is only about 100 million US dollars.

In addition, it also collects tickets from tourists by renting out vacation cabins. Unfortunately, there are too many beautiful parks in California, and the tourism business has not been able to develop.

If you really want to make a profit.

Even if more than 3000 million US dollars for the purchase of the ranch are deposited in the bank, the interest will exceed the annual income of the N3 ranch.

This also explains why the N3 Ranch has not been sold before. From a business point of view, it undoubtedly seems very uneconomical.

Fortunately, Su Yehao and Nong Qingying never thought about how much money they would make from this ranch from the very beginning, so there was no gap in mentality.

After visiting everywhere patiently, Su Yehao felt that his money was well spent.

Living here is more self-cultivating than going to an island for vacation. The natural scenery that can be seen everywhere, large oak forests and green grasslands, and occasionally raccoons, squirrels, wild boars and other animals can really bring people spiritual cleansing .

Just like any other tour.

The wonderful experience of coming to a foreign land disappeared after only three and a half days.

Poor mobile phone signal, slow internet speed, mosquito bites, and lack of entertainment methods all made Su Yehao decisively find a reason to return to Silicon Valley alone.

As for Nong Qingying, she plans to stay in the ranch for a few more days until she meets the staff of the Aman Hotel and finalizes the site selection for the new hotel.

Compared to spending huge sums of money to build a luxury house that few people have the opportunity to live in, Su Yehao's proposal to let her directly build a hotel-style resort is obviously more in line with the situation of N3 Ranch.

Owning a big house on Barker Road at the top of Hong Kong City, this woman has lost interest in luxury houses...

The stock market plummeted continuously, and Silicon Valley was once again shrouded in clouds.

As soon as Su Yehao returned to his mansion in the Atherton area, the housekeeper immediately handed over a large pile of documents to him, and told him:

"The same situation happened again. I remember that when you came over last time, boss, you also received a lot of letters seeking financing from you. These days I received batch after batch of people, more than last time. They obviously listened to Said that you are here, so you want to try your luck."

Looking at the two thick stacks of letters in front of him, Su Yehao sighed helplessly:

"There is no way. Entrepreneurship is a dangerous thing. Only a few people can survive. Although the stock market has rebounded in the past few months, the funds have not flowed into Silicon Valley again. Calculate the time, and the funds of most start-up companies should be about to bottom out. .”

At the beginning of March this year, Nasdaq started its first round of sharp decline.

After falling by almost two-fifths, the market miraculously recovered and rebounded, attracting a large number of new and old leeks to enter the market to buy bottoms. Recently, countless investors have been killed again, and the market is wailing.

Different from the short supply of office buildings in the past two years, the current rent in Silicon Valley has dropped a lot. Even near the Atherton area where he lives, there are many luxury houses on Lawn Hill with billboards saying "for sale". Hard to find, become no one cares about.

To say that when I came to Silicon Valley a few times ago, the air was filled with the smell of money and money, but now it is like the twelfth lunar month of winter, and the atmosphere is so cold that it makes people expressionless.

It's only September, and many companies have already reported that there will be no bonus at the end of the year, and they have started laying off employees one after another.

On the contrary, the business of headhunting companies is booming, and unemployed programmers, financial practitioners, and hardware engineers are all over the street.

As for Yanwen Group, this year, they chose to abandon the autumn recruitment plan, and turned to pick and choose in the market, lowering the price to hire some experienced talents.

In order to have a stable job, many rebellious entrepreneurs have become very obedient, and security has become a more important job hunting goal than future and salary, which has led to the increasing popularity of large Internet companies.

Pushing the letter to Linda Yun casually, Su Yehao said to her:

"Please read it for me. Behind every letter and document here, there may be a sad and desperate story. I can guess without reading. The lines are full of negative energy. Maybe I have been rejected countless times recently. My mood It’s just right, I don’t want to be affected.”

Linda Yun lived comfortably in the N3 ranch, and almost didn't have to do anything all day long. After listening to the question marks on her face, she remembered that she had to go to work.

She replied listlessly:

"Well, they are hovering on the verge of doom, Ahao, you are making a lot of money. I haven't read the market closing data today. Anyway, before turning off the computer and coming back, the Nasdaq index fell by 2%, so the current market is not profitable. No money, it’s just that they are unlucky bastards and don’t have your good vision.”

"This group of entrepreneurs put their chips on the company, which is different from my kind of investment. They can't realize it in time and can only follow the trend."

After Su Yehao finished speaking, he asked the housekeeper to lower the temperature in the room, and help him make a cup of green tea by the way.

Although there are a few words of compassion and compassion, it is actually difficult to empathize with him. With his diversified investment strategy, even if the sky falls, it will not hit him anyway.

Several super rich people who were originally ranked ahead of Su Yehao, whose value has shrunk significantly this year, have been overtaken by him one after another, including Yahoo founder Jerry Yang.

In the past six months, many Internet companies are dying, wanting to make the data more beautiful, and then attract the attention of investors.

This directly led to the Yanmoji Group and Google, which mainly make money through the advertising business, in terms of revenue data far exceeding the level of the same period last year, achieving six consecutive quarters of growth, and the rate is not small.

In the second quarter of last year, the total revenue of Yanmoji Group was only about 3000 million U.S. dollars, but in the second quarter of this year it rose to more than 9000 million U.S. dollars.

Affected by the good news, the total market capitalization remains at around US$120 billion, and it is one of the few Internet giants that has controlled the decline within 25% since March.

As for Google Inc.

In the past six months, the number of active users has increased by more than 700 million, and the number of registered users has increased by about 100 million, which is enough to show that the user retention rate is very high, and the performance is so good that the industry is surprised.

Although affected by the decline in Yanwen Group's stock price, Su Yehao's total net worth was barely the same as that at the beginning of the year, even though he made so much money from short selling, it did not increase.

But judging from the market situation, one ebbs and the other rises, and no loss equals a big profit.

"Forbes" magazine is compiling the latest list of the world's [-] richest people, and has already sent someone to make an appointment with Su Yehao for an in-person interview.

If nothing else, this year should already be able to rank in the top fifteen.

Second only to Microsoft's Bill Gates, Oracle's Larry Ellison, Microsoft's Paul Allen, Buffett, and the siblings of the Wal-Mart family...

Chapter 704 Forbes Rich List

These companies invested in Silicon Valley are still following the old pattern since March and developing steadily.

Whether it is the money raised by Yanmoji Group’s IPO last year or the money raised in Silicon Valley, it has not been used up yet.

Under Su Yehao's instruction, they calculated carefully.

While filling the hole with profits, only a small amount of principal is used each time, and it should be no problem to survive until the middle of next year or even the end of the year.

It's not that Su Yehao is reluctant to spend money.

The main reason is that the market size is only that big, and we need to allow time to wait for the increase in the number of netizens, so there is no need to waste it for the time being.

In addition, only half a year has passed since the decline, and other powerful peers still have remaining funds to support them, and they are far from reaching the end of the mountain.

Therefore, it is still too early to expand through mergers and acquisitions, and there is no need to use large sums of money.

If one day the opportunity arises.

Su Yehao can draw funds at any time to help him hunt for bottoms. Currently, there are more than 20 billion US dollars in cash lying in his account. The bank has also given a very high credit line, and the flow of funds is particularly abundant.

In this situation, he naturally took it easy and sat firmly on the Diaoyutai.

What needs to be done now is nothing more than patiently waiting for the end of the cold winter period. During this period, there are projects such as building construction, asset management, and wafer foundry to kill time.

It seems that there is no way to make a lot of money like in previous years, but the fact is that other funds have been withdrawn from the market, which has left him with valuable development opportunities to lay a solid foundation.

For example, the mainland.

A group of Silicon Valley giants are too busy to take care of themselves. Although they also try to expand in the mainland, the investment is not too large, so Su Yehao's business map is very solid.

Not to mention the field of wafer foundry, a group of European and American companies gradually fell into the predicament of shortage of funds for their projects, and began to consider splitting the production department and handing over the orders to the foundry for help.

After all, building a production plant requires at least hundreds of millions of dollars of investment. Machine depreciation, human resources, and time costs must be taken into consideration. Outsourcing and finding someone to be responsible for the production process is obviously easier than spending time and effort on your own.

Considering these.

Su Yehao's judgment on the current situation is far more optimistic than other colleagues. Instead, he hopes that the market will continue to fall to the bottom and make some quick money through short selling.

Especially for Apple and Amazon, the two companies he is eyeing, the lower the stock price, the lower the cost of buying bottoms in the future.

One has a mature hardware research and development department and an independent operating system, and one is like an online version of Wal-Mart supermarket. Its own advantages are quite obvious...

On the day he returned to Silicon Valley, Su Yehao already wanted to return to Hong Kong City.

But before leaving, there were still some things to finish, so I took the time to ask someone from "Forbes" magazine to come and interview.