Manhattan Reborn 1978

The top floor of the Blue Crystal Hotel.

David asked Nylent about Morgan Stanley’s positioning in today’s development environment.

His question was not only for Nylent, but also for Old Morgan, Seamus, Lilith, Grace and everyone else!

For example, Odis Parker and Sam Rogers joined David's team, and they also had to consider their positioning in the team.

Fortunately for Mr. Parker, he is the most professional person in intelligence. There is nothing to say about this. Just go on and do it well.

Sam Rogers, as an ordinary employee of Goldman Sachs, can sit here today and talk with Morgan Stanley's big boss and CEO about Stanley's future development. .

This in itself is very. .It's amazing. .

David talked about the positioning issue, and Sam began to look at himself silently. What could he bring to the new boss David, and to this newly formed team?

Old Morgan and Seamus looked at each other. Seeing that Nellent was lowering his head and thinking about the answer, Old Morgan spoke first.

"I... No, we'd better choose to be offstage~ The scenery on stage is beautiful, but it's no longer suitable for us!"

Seamus nodded and said: "David, the positioning problem of your industry re-transformation is also bothering my family. If you have any good suggestions, you might as well tell them today~!"

David asked curiously: "Uncle Seamus, what are your family businesses involved in?"

"The main ones are steel, rubber, and railway transportation, and several banks have invested in several ships..."

"Um... gone?"

"Yes~"

David was completely speechless~

Lilith, who was sitting next to him, rolled her eyes at Seamus and whispered to David: "The Norton family's main businesses are in the two fields of steel and rubber. Republic Steel Company and Lex Langston Company are both owned by the Norton family. shares.”

"The two largest rubber companies in the United States, Goodyear Tire and Rubber Company and Firestone Tire and Rubber Company, both have shares in the Norton family."

“In addition to the First National Bank of Boston, Bank of Chicago, etc. that were later invested, we were involved in the banking industry.”

Seamus smiled and pointed at Lilith: "You two..."

David quickly smiled at him and waved his hand: "You can't tell me clearly, but you can't blame Lilith~"

"Haha~Okay~!"

After Seamus finished speaking, he looked directly at David, wanting to hear what he had to say.

Old Morgan looked at David and Lilith and said with a smile: "I heard that Leslie guy gave you a list of shareholding companies in his hand?"

"Um...yes~da advertising company wanted to win the advertising business of two Cokes, so I found Leslie~"

"Um.."

Old Morgan looked at Grace: "Compile a list of our family's shareholdings and give David a copy tomorrow!"

"Okay~!"

David noticed Grace who had been silent just now, looked at her, smiled at her, turned back to look at the paper in front of him, picked up the pen, thought for a while, and wrote three words on it: Apollo !

Polly and Lilith leaned next to him, and when they saw these three words, they both realized what David might be saying.

David glanced at Nylent, who had become "Pensiver" No. [-] after Mr. Parker, chuckled, and thought to Seamus.

"I just thought of some vague ideas. I can't guarantee whether they are very suitable for your family's business and future development~"

"Okay~ Just say it!"

Alright~

David reached out to get something to drink to moisten his throat. Polly's hands were quick and she got ahead of him, poured him a glass of juice and handed it to his hand.

David didn't hesitate to take it, he went straight to it, wiped his mouth and said: "Actually, my... idea is very simple, it is also suitable for Morgan Stanley."

"Apollo Space Program!"

"The Apollo program lasted 11 years and ended with the successful sixth moon landing in 1972."

"According to news information later broadcast on TV news, the Apollo program cost a total of 255 billion yuan, accounting for about 20% of all U.S. science and technology research and development funds!"

"It has brought countless long-term jobs to the United States. At its peak, there were more than 2 enterprises and companies participating in the Apollo program. Together with more than 200 universities and more than 80 scientific research institutions, the total number of employees exceeded 30 people.”

"Uncle Seamus, the Apollo program has ended six years ago. Many of the high, new, and cutting-edge materials and technologies used in this program are now being used in the civilian field. I wonder if the Norton family is involved in this aspect. ...Already have some business?”

Seamus Norton thought for a moment, nodded, then shook his head and said: "Most of the high-tech products, materials, technologies involved in the Apollo project have been allocated~"

David pointed at the words "Apollo Project" with his pen and frowned: "Yes... is it too late?"

Seamus also sighed: "It's not that it's too late, but... when these technologies, materials, and products appeared, they were already in people's pockets... They were not fought over at all..."

David understood that no matter the companies, companies, universities, or various research institutions involved in the Apollo project, there was a big boss behind them. .

Will these people sell the technologies, materials, and products that participated in the Apollo program?

The answer is definitely impossible~

Only a fool would sell it!

Many established wealth groups have monopolized almost all profitable businesses that have emerged.

However, they are now facing the industrial transformation of traditional industries. Similar to the Norton family's steel and railway businesses, in the United States today, it is already three o'clock in the afternoon. .The development space is very limited. .

However, most of the emerging high-tech industries such as electronics, semiconductors, new energy, Internet, and high-tech materials that will flourish in a few decades are still in a seed and budding state~

David frowned and tapped his pen on the paper.

David can think of many money-making ideas and businesses. .

However, the key information on hand now is seriously insufficient. David is not sure whether it is the same as in his memory, so it is not suitable to take it out.

"Uncle Shermer, I think... I may need more information before I can help you~"

"During this period, I have been paying attention to financial and investment information. As for the steel and rubber involved in your family..."

"Hey~?!!"

David suddenly remembered the rubber business Lilith introduced just now. .

"Lilith, what companies are involved in the rubber you just mentioned?"

"Goodyear Tire & Rubber Company and Firestone Tire & Rubber Company."

"Tires! Cars!"

"Uncle Seamus, we mentioned that oil prices will rise, and the U.S. auto industry will fall into a new development crisis because of it... Have you ever considered investing in the auto manufacturing or auto parts supporting industry?"

Xie Mo thought for a moment, shook his head and said: "Nowadays, several large companies that produce cars in the United States have been completely controlled. I... don't have a good chance to enter the game~!"

"You mean... General Motors and Ford?"

Seamus glanced at Old Morgan, smiled and said nothing.

Grace, who had been silent just now, said: "General Motors, the Morgan family is the major shareholder, and Ford Motor Company, the Rockefeller family is the major shareholder."

"Forehead.."

David said with some reluctance: "What about General Electric Company, Texas Electric Company and other auto parts companies?"

Grace shook her head and said: "In the automobile supporting industry, the United States does not have companies or enterprises that are competitive in the international market. In this regard, several manufacturers from Europe and island countries provide supporting services to American car companies."

"Like Germany's Bosch, Continental, ZF, DENSO, Canada's Magna, France's Valeo, etc."

"They have occupied the vast majority of the world's auto parts and supporting products market. If the Norton family wants to enter the market, they can only choose to invest in these enterprises and companies."

"Also...General Electric Company, the Morgan family is the majority shareholder, Texas Electric Company, the Wharton family is one of the shareholders..."

Emm. . .

David scratched his head. .I want to curse~

"Grace, I think... you'd better sort out the list of shareholding companies as soon as possible and give it to me ~ lest... I always think about competing for business with my family..."

"Okay~" Grace smiled and nodded.

Old Morgan said: "General Motors also implemented a plan to produce station wagons this year. When they discussed this plan at the board of directors, I was in favor of it."

"If you look at it now..."

David nodded and said, "The American cars now produced are large in size, large in space, and large in displacement. They have become well-known to the world as the characteristics of American cars."

"After experiencing the first oil crisis a few years ago, I wonder if General Motors has prepared a response plan for the second and third oil crises?"

"If not...then... have you ever thought about redesigning and producing some automotive products with small-displacement engines?"

"For small-displacement cars...it has always been the car companies from island countries and Europe that dominate the market..."

David looked at Old Morgan and asked tentatively: "Does your family have any connection with the financial groups and families in the island country?"

Old Morgan smiled. .

"More than twenty years ago, the Morgan family has already cooperated with some companies in the island country~"

"Moreover, it's not just our family, but those families and consortiums in the island country that have the closest cooperation are the California consortium and the Texas consortium."

"The rapid development of these two consortiums in recent years is inseparable from the large dividends obtained from investments in island countries."

"Our family mainly cooperates with some family businesses and companies in the island country in finance, banking, semiconductor production, processing and other businesses."

"The Rockefeller family and the DuPont family cooperate with some companies in island countries in the heavy industry, petrochemical industry."

David asked: "What about the car companies? Do Toyota, Honda and other car companies cooperate?"

Old Morgan nodded and smiled: "Toyota is owned by Mitsui, and Honda is owned by Mitsubishi. The Morgan family has financial cooperation with both of them~"

"When the Mitsui family first financed Toyota Motors, we helped raise a fund on Wall Street and solved their financial problems."

“The post-war re-establishment of Sumitomo Bank and Mitsubishi Bank was helped by our Morgan family~!”

"Is that so..."

David leaned back, spread his arms on the back of the sofa, and fell into thinking again. .

Because the United States has fully absorbed the war dividends obtained from World War II, it has enjoyed a golden age of more than 20 years of rapid economic development. However, from 1945 to today, these war dividends have been almost digested ~

The island country has always been strongly supported by the United States in terms of capital, technology, and materials. It experienced a period of rapid economic development in the 50s and 60s, and successfully entered a period of economic development and prosperity in the 70s and 80s. Until the late 80s, Reached its peak. .

In recent years, the United States has always been the largest export trading country among island countries. .

In the early 70s, the rice dollar was decoupled from gold, the Bretton Woods system collapsed, and the rice dollar faced massive depreciation pressure. The Japanese yen nearly doubled in value within a few years!

Coupled with the first oil crisis, the whole world was confused. Financial and economic developed countries such as the United States and Europe had no corresponding solutions at all.

Looking back at the island countries, David did not understand the history of how the island countries overcame the oil crisis, but he knew that during the several oil crises, the island countries did not suffer much in terms of economic development and growth, and did not suffer the same problems as the United States and European countries now. Economic stagnation, inflation and other problems faced~

The world's second largest economy, it should. .This is almost what people will call out after the island country releases its financial report this year and next year~

The former little brother of the United States, the people of the island country. .Because of this, the arrogance and ambition that had been suppressed for a long time were released. .

That sentence: We can buy the whole country of America. .

It’s not just a matter of words~

The tycoons of the island country who were at their peak taught the proud big brother of the United States a lesson with their ink-stained banknotes. .

Isn't it just money? . ．

Come, come here and let me kill you with money!

hehe~

----

In the meeting room.

No. [-] "Pensiver" Nellent, after David became No. [-] "Pensiver", took a long breath and wrote down some of his thoughts and plans for Morgan Stanley on paper. .

What David just said was harsh. .But Nylent knew that David was right!

Morgan Stanley is now in a critical period of transformation. If there is any delay or hesitation, the hyenas on Wall Street will swallow them whole without even belching. .

Morgan Stanley’s transformation and change, if you don’t advance, you will die~

This is the question that Nelent Ramon and other Stanley young men are thinking about after they won the right to speak on the board of directors.

Where should the road of change go, how should we go, how should we go, and what do we ultimately want to achieve? These are all issues that the young and strong factions have to think about seriously.

position!

Wall Street financial services investment bank, Morgan Stanley?

David used his own experience as a bartender to tell Nelent Ramon that if you want to make money, you must position yourself correctly, correct your attitude, lower your arrogant head, and look for things you can earn for your wallet. Every banknote~

Times are progressing, and the U.S. economy is in a sluggish trend. Morgan Stanley has begun hostile mergers and acquisitions on Wall Street. Wall Street bankers and financiers are also quietly following Morgan Stanley's footsteps and slowly changing. .

Nylent looked at the paper in his hand, stood up, and handed it to Old Morgan silently.

Old Morgan took the paper, looked at it, nodded slightly, and looked at David, who had woken up from the "Thinker" state and was drinking juice.

He nodded to Nyrent and handed the paper in his hand to Seamus: "David, let's talk about Stanley first~"

"ok~"

David put down the cup, picked up a small piece of dessert, put it in his mouth, clapped his hands, picked up the pen, and said while writing.

"Morgan Stanley now has a securities trading and sales department, and an M&A department..."

"These are not enough!"

"The business of stock trading, bond underwriting, and mergers and acquisitions, Nylente also said, cannot support Morgan Stanley's daily operating expenses at all."

“Finding new profit points is Morgan Stanley’s top priority as a financial services investment bank!”

"According to my opinion, Morgan Stanley needs to carry out a more refined division of labor for various businesses in the financial industry, and set up the most professional independent departments to find personnel with special experience and knowledge to serve customers!"

Old Morgan and Nylent looked at each other, and Nylent consciously picked up paper and pen, preparing to record.

"First of all, the first one is stocks!"

"The stock sales and trading department can cooperate with the da data center to build a large database of stock information!"

"It can specifically and comprehensively ensure the objective authenticity of stock historical information, allowing customers to understand what company's stock they are buying, and provide customers with the most professional analysis opinions and investment plans!"

“This department mainly targets high-net-worth individuals and family customers, as well as trust funds and investment management institutions with stock investment needs, and provides the most professional and comprehensive consulting and investment planning services.”

"The second one is stock-related financial services."

"Including undertaking the company's IPO listing and providing listed companies with financing, liquidation, historical and recent transaction reports and other services."

"The customer groups it faces are listed companies and companies preparing to go public. The specific details need to be controlled by Nyrent itself."

"The focus of this department's IPO business will be on the Nasdaq stock market~"

"On this point, I will find someone to talk to about cooperation in the future, and I will tell everyone at that time~!"

"The third one is the foreign exchange trading department."

"We all already know that the era of floating exchange rates has arrived~"

"The international foreign exchange market is still in the early stages of a stable financial order. Various problems hidden in the foreign exchange market that have not been noticed by people will slowly surface as time goes by."

“We must seize the early stage of the development of the international foreign exchange market, establish complete information acquisition channels, and set up branches in major financial market cities around the world to provide customers and the Stanley Data Research Department with 24-hour uninterrupted first-hand access to information. foreign exchange market information.”

"It also needs to use various information to conduct research and judgment on the short-term, mid-term and long-term of the international emerging currency market, find possible fluctuations in the international exchange rate market, seize opportunities and make investment plans."

"The fourth one is the Commodity Trading Department."

"Since we have decided to invest in oil, gold and silver in the futures and spot markets, it is better to take this opportunity to set up a professional department at Morgan Stanley to provide us with more targeted investment solutions."

"The international commodity futures trading market will become more active from now on. In addition to the three types of futures products we want to invest in, the derivatives transactions related to the actual commodities and transactions of natural gas, base metals and rare metals will all be this The direction of the department’s future development.”

"The fifth one is the bond underwriting and trading department."

“I won’t go into details here on how to develop and plan Morgan Stanley’s traditional underwriting service projects.”

"The U.S. government and the Federal Reserve have not yet determined whether to implement monetary tightening policy and whether to continue to raise interest rates to curb the domestic stagflation index from rising."

"However, we can be sure that with the explosive growth of the government's fiscal deficit year by year, U.S. national bonds will definitely become one of the fastest growing bonds in the international bond market in the future."

"So, regarding the development of the bond sector, I have an idea that I don't think is mature."

"The bond trading market as a whole does not yet have a very mature hedging profit model for hedging and arbitrage against imminent and forward national bonds and treasury bills~"

"Morgan Stanley can look for talents in this field on Wall Street or in the international financial community to study the calculation method and specific risk assessment plan of this arbitrage."

“I don’t know if anyone is doing it yet, so I gave it a name: a bond hedging arbitrage scheme.”

"This plan is very simple to explain, because the price difference between bond promissory notes and cash notes is inevitable~"

"Because the interest on imminent bonds has been partially paid when the delivery point arrives, the value of the bond promissory note is lower than the cash note price, but it shows a positive correlation with the promissory note price."

“As time goes by and the delivery time gets closer, due to bond market fluctuations and information uncertainty, the impact on the value of the promissory note becomes weaker and weaker. The value of the promissory note will inevitably converge to the price of the cash note and gradually converge towards the price of the cash note. flat.."

"This... creates room for hedging and arbitrage~"

"We can go long promissory notes and short cash notes in the bond market to build a risk-neutral hedging portfolio."

"In other words, it is a two-way hedging gamble that guarantees half the winning rate and half the odds no matter how the bond market fluctuates~"

"In this bet, no matter whether the promissory notes and cash bills in the bond market rise or fall, as long as the values ​​of the promissory notes and cash bills are positively correlated, then the fluctuation range of the promissory notes must be smaller than the cash bills!"

"In this way, by going long on futures bills and short on cash bills, you can ensure that your profits are greater than your losses and achieve hedging arbitrage."

"Of course, financial markets and bond markets are constantly changing~"

"No one can come up with an investment plan that perfectly controls the market..."

"The prices of promissory notes and cash notes will definitely have unexpected events and abnormalities at some point in time."

"So, this requires us to establish a complete risk assessment, analysis, and management mechanism to prevent us from losing everything after an investment fails and leaving only our underpants in the end."

"Haha~" Everyone laughed cooperatively.

Among them, Nylent, Old Morgan and Grace all understood David's bond hedging arbitrage plan.

The rest of Seamus, Mr. Parker, Lilith, and Sam only had a partial understanding of what David said. .

Only Polly, what David said about hedging, arbitrage, and bonds. . .It sounded like a cloud. .Confused. .

There is another person who understands most of it, Andy!

He lowered his head and looked at his records, his brows already furrowed into a big pimple~

He didn't know how David came up with this.

I can’t even figure out why David would choose to tell all this to Old Morgan and the others here today. .

Is it just because David agreed to serve as a consultant to Morgan Stanley's strategy team?

David continued after telling a self-deprecating joke.

"If my idea can be realized, I hope that this bond trading department will be separated from the bond underwriting department and become an independent department, so that it can also become an integral part of my follow-up plan and exist independently."

"Then... let's talk about the next one. Nylent, please take notes first. If you have any questions, we'll talk about it together at the end."

"ok~"

Nylent shook his sore wrist and found a more comfortable recording position for himself.

"Sixth, Enterprise Institutional Consulting Services Department."

"Speaking of this department, everyone can actually guess what it does from its name."

“This department is Morgan Stanley’s external service window department.”

"Its main job is to receive, contact, and undertake business, corporate, and individual customers around the world, and provide them with a full range of investment strategies, financial consulting, troubleshooting, professional assistance, and provide rational solution suggestions, etc."

“We want all clients who find us, as well as existing corporate and corporate clients, to know that Morgan Stanley’s experience, strength and relationship network accumulated in the global capital market over the past few decades will become a strong backing force for these clients. !”

"We can help our customers build various communication platforms and channels to connect these customers with existing and potential shareholders and corporate customers in our relationship network, and provide value-added investor communication and relationship services."

"To put it simply, we will provide all customers with a platform to build a platform so that they can get to know each other at close range, communicate, and reach more consensus on cooperation."

"This includes holding various types of forums, financial meetings, investor inspection teams, etc., or hosting more receptions and parties, and using the attitude of a host to build a platform for customers, friends, and peers to expand network resources."

“Through this, we can build a new and huge relationship network composed of customers, markets, capital, potential investors, etc.”

“In this network, everyone can use the Morgan Stanley platform to meet more successful people, find more opportunities, and get more investment and financing to make their businesses and companies develop more smoothly and earn more money. Get more money~”

"Nelent, I'm talking about financial services Morgan Stanley. This window-type service department is the top priority!"

"In the early stages of establishment, it is mainly responsible for reception, undertaking, and liaison services. Once you find a suitable manager, you will separate the reception, consultation and other service work and form a new independent department."

"Use it as the only external contact window for Morgan Stanley's investment department. Like the five departments I just mentioned, all of them can send people to this window department to provide customers with consultation, answers and other services."

"And what's left after this window department becomes independent can be merged with the propaganda department to become a brand new department."

"It is the seventh one, the Customer Relations Department!"

“The main job of this department is to speak for Morgan Stanley in the public and media, change the inherent image in people’s minds, build a larger network platform, and organize more events and meetings that are more professional and more in line with customer needs. .”

"Find more potential customers for us, and add more friends and allies for us!"

David put down his pen, raised his head, and looked around at everyone with a smile: "The idea for this department was inspired by last night's dinner."

"Xina, the teacher who taught me social etiquette and knowledge before I met Giles."

"When she learned about Da Film and Television Company and needed help from some talents, she took out several large address books accumulated over the years."

"When I saw them, I realized that the greatest wealth Zina accumulated during her more than 20 years in New York was not money and houses, but... these personal connections~!"

"Last night, I also met Mr. Guy Luther, the president of Princeton University."

"He told me that in recent years he has been busy attending parties, visiting old friends and alumni, in the hope of obtaining more donations for the university to relieve financial pressure."

"President of Princeton University, Mr. Guy Luther's network of contacts is definitely wider than that of most business and company leaders, right?"

"But he couldn't find more people to donate to the university this year."

"This... I have to say ~ we are all going through different difficult times that belong to everyone."

“The problems everyone faces are almost the same!”

"Survive!"

"How can we clarify our transformation and positioning at this historical turning point and lay a solid foundation for subsequent development in the next few decades?"

"This requires us to start thinking seriously and find the answer now!"

David looked around and continued before anyone could say anything.

"Okay, I digress~"

"Next... let's continue~"

"Eighth, Real Estate Finance Department!"

"To talk about this, I still need to thank Principal Guy Luther~"

"Last night we were standing on the street not far from the Twin Towers of the World Trade Center, looking at the skyscrapers towering in the distance, and talking about the real estate development in Manhattan..."

As he spoke, David raised his left hand and put his arm around Polly's shoulders.

"After the Bonini Agreement, the Sidrich family obtained some of the property rights in the concession area."

"And these house property rights have always been coveted by some real estate developers but they can't get enough of them... Fatty~!"

"I am saying this now to ask everyone not to misunderstand because of these things~"

"The establishment of the Real Estate Finance Department is an idea based on the economic situation I analyzed for you before!"

"Economic stagflation, the decoupling of the dollar from gold, the pressure on the dollar to depreciate, the high probability of a second oil crisis, the slow rate hikes by the government and the Federal Reserve in the past two years, etc."

"All the above show that the rice dollars circulating in the world currency market will accelerate back to the United States in the next three years."

“The bank interest rate increases and monetary tightening policies that are likely to occur in the future are undoubtedly one of the biggest bad news for real estate developers~!”

“We are already preparing for these changes at the economic level, so...why don’t we use our advantages to help them obtain more preferential tax policies in this future real estate industry, which generally lacks funds? , get more subsidies to allow these developers to smoothly implement and complete the project plans in their hands?"

"Due to the continuous downturn of the economic situation, the financing, mergers, acquisitions, restructuring, asset liquidation, asset sales and other businesses that real estate development companies urgently need are all the business areas that we at Morgan Stanley are best at!"

"Our real estate finance department can provide real estate developers with the most urgent and desired help, solve the problems they face, and provide back-up support for their development and growth!"

"And we have a friend in New York in this real estate finance department who can help us a lot."

David looked at Old Morgan: "Mr. Lynch~"

"I think he would be happy to see a large number of real estate projects started and constructed in Manhattan..."

"This... is a win-win for him and us~"

Old Morgan smiled and nodded slowly.

David shook his head slightly and continued.

"Ninth, Morgan Stanley financial database!"

"I think everyone may have heard of my da data research center plan~"

"The big financial database I'm talking about now is established through cooperation with the da data center!"

"The purpose of setting up this large database is mainly to enable better and more comprehensive collection, sorting, classification, management, query, analysis, etc. of financial data information."

"Computers are no longer unfamiliar to everyone. Its storage, calculation, and analysis capabilities have become the fastest way to obtain key data in the field of financial development."

"For example, if a customer needs historical stock information data of a listed company, we can access the large database on a small office computer, find the historical data of the company, print it out, and provide the customer with comprehensive, detailed and fast information services. "

"In addition, the mathematical calculation scheme for hedging arbitrage that I just mentioned also requires computers to provide enough specific data to establish a mathematical calculation model to control the operational risk of hedging arbitrage!"

When David said this, he saw that the front and back sides of the two pieces of paper in his hand were already filled with words, so he reached out to Andy for a piece of white paper and continued.

"I will discuss the follow-up of the establishment of the big database and the mathematical calculation of the hedging arbitrage plan in detail with the person in charge, Professor Nash. We can put this plan aside for now."

"Tenth, Risk Management Department."

"It is the last one in my plan, and it is also the most important department to ensure the safety of our investment funds."

"We all know that any investment has certain risks!"

"Whether we think of it as putting money in a bank account, buying national bonds, or buying stocks of companies with growth potential and very high returns, there are investment risks."

"This risk management department needs to work more subdivided to discover, identify, and monitor all possible risks to ensure that we can make correct decisions based on the risk assessment report before investing."

"I would like to subdivide this department into three sub-departments: risk identification, risk investigation, and risk monitoring. Finally, we will summarize all the information and form a risk assessment report to serve as a reference for our investment plan."

"Establishing this set of the most professional-level risk control, assessment, avoidance, and follow-up processing systems on Wall Street can help all of our investment departments at Morgan Stanley achieve the goal of reducing risks and increasing returns."

David raised his head, put down his pen, made a massage gesture to Polly, and then lay back on the sofa to let his brain, which had been running at high speed and overclocked, take a rest.

Everyone didn't quite understand David. .What means. .

Polly stood up with a tacit smile, walked behind the sofa, and gently massaged David's forehead, temples, etc. with her hands.

David closed his eyes, feeling Polly's massage, and didn't pay attention to the speechless expressions everyone gave him. He remembered something he forgot to say, waved his hand to Polly, and continued to everyone.

"By the way, I have another idea, which is to set up a direct investment department at Morgan Stanley!"

"This department is mainly responsible for long-term investment in operating enterprises, and the source of funds for this department is cooperation with da venture capital funds, plus investments from Morgan Stanley's directors, employees, allies, friends, and others. There are well-cooperated institutions, fund investments, etc.”

“And this department will not participate in the day-to-day management of all invested companies and enterprises. Instead, it will communicate with the management through the board of directors level and provide them with help from Morgan Stanley’s various global resources and financial businesses. , to help the company improve its competitiveness and make better direction choices for long-term and stable development in the future."

"While the company is developing, it also ensures that we can obtain long-term and stable income with low risk, so that everyone's wallets can be bulging~haha~"

After David finished speaking, he rubbed his face vigorously with both hands and lay back on the sofa again. .

Polly smiled and massaged him, her eyes. .In high spirits~

Everyone watched quietly. .

Old Morgan was the first to react and said to Nyrent: "Have you written it all down?"

Nylent moved his right hand and shook his head with a wry smile: "I've written down the rough outline~!"

Lilith was on the side, smiling and holding up the recording paper David handed him just now: "I have the complete version here, I will re-copy it for you~"

Nylent continued to shake his head and said: "Forget it, let's take a rest first~ My hand... is almost broken~ Haha~"

"Hahaha~"

Everyone was amused by him~

No one expected that David would be able to offer so much here today. .nice one. .

Old Morgan smiled and said: "David, that bond you just mentioned..."

"Stop~"

"Please wait a moment~"

"rest!"

"Please let me... rest for a while~"

Emmm. . .

"Haha~"

Everyone laughed again. .

David also had a smile on his lips~