San Francisco.

Union Square Hilton Hotel.

David and others came down from the third floor and found Panaris. They discussed it and decided to have dinner~

After dinner, it was getting dark.

Panaris saw that the time was almost up, so he led David and Grace, who had hurried back, into the car and rushed to visit Lois Rockefeller's home in the South Bay Area of ​​San Francisco.

On the road.

Panaris, who was sitting in the back seat, briefly introduced to David, who was sitting in the passenger seat, that Leslie's elder, Lois, was going to visit today.

"In 1937, Lewis took over the job at the New York Stock Exchange."

"But what is surprising is that he did not go to the stock market to buy more blue chip stocks, but began to invest in some newly established enterprises and companies to help them get through the most difficult initial stage of entrepreneurship~"

"I know that you, Giles and Pine formed a venture capital company."

"But as early as 1959, an article in the Wall Street Journal singled out Lawrence's contribution to the new field of venture capital."

"It was also from that time that people on Wall Street established his nickname as the father of venture capital~"

David muttered the nickname again and became more curious about Louis: "Since he has this nickname, has he invested in any famous companies?"

Panaris smiled and shook his head: "During the more than 20 years when Lewis was also the chairman of the Rockefeller Brothers Foundation, he funded Rickon Baker to found Eastern Airlines and became the company's leader for a long time. The largest shareholder, China Eastern Airlines has also become the most profitable airline after World War II~"

"In addition, he invested in McDonnell Douglas Aviation, making it a major supplier of military aircraft."

"By the way, David, you once mentioned to Pine that Lewis also made venture capital for Intel in Silicon Valley in its early stages of development!"

"what?"

This time, David was really surprised by Lewis's venture capital vision~

Not to mention the time when Intel was first founded, the current Intel is just emerging.

So, what does Lewis rely on to evaluate the companies he wants to invest in?

Does the greater the risk, the higher the return?

Certainly not!

David sat in the passenger seat, and various speculations began to pop up in his head.

Panaris and Grace, who were sitting in the back row, looked at each other. Grace smiled and said, "David, Lewis graduated from Princeton University. Maybe you can start a chat with him from this aspect~"

"Princeton?"

The figure of Principal Guy Luther instantly appeared in front of David's eyes, and he couldn't help but turn around and thank Grace with a smile.

This is an entry point to shorten the distance between each other~

Perhaps, by visiting this Lewis today, we can get some help for Princeton University and President Guy Luther~

Guy that old man. .

After all, when the two met for the first time, David took Principal Guy Luther to a French restaurant to make a backdrop for him. .

Later, before the two separated, Guy also gave David a kind reminder that someone was eyeing the Sidrich family's property~

All these combined make David always feel that he owes him one~

----

San Francisco, South Bay.

About half an hour after leaving the city, the car carrying David and his friends stopped at the gate of a slightly older suburban villa.

The driver got out of the car and said a few words to the gatekeeper at the gate.

The gatekeeper nodded, opened the door, and then the car slowly drove into the front yard of the villa and stopped at the door of the main building.

David got out of the car quickly and opened the door for Grace who was sitting in the back seat~

Grace smiled and thanked David.

David asked softly: "Is there anything else I need to pay attention to?"

"Haha ~ Don't be too nervous. Louis is a very nice person and very easy to get along with. He is just old. Otherwise, he wouldn't live here anymore, right?"

"Oh... I understand!~" David felt that he had understood something and nodded hurriedly.

Panaris, who got out of the car and walked over on the other side, walked to Grace with a smile, raised his left arm, let Grace take it, and teased David.

"What? Do you still get nervous sometimes?"

David reached out and brushed the folds of his clothes, adjusted his expression, glared and said, "I'm a young man too, okay~ It's your first time meeting such a big shot, can you not be nervous?"

"Oh? Haha~ Then why weren't you so nervous when you met my dad?"

"Hmph~ That's my future father-in-law~ Or is it fake~ How can I not be nervous?"

Panaris choked at the retort, lowered his head slightly, and glanced at Grace with a wry smile. Just as he was about to say something, he was interrupted by David.

"Okay~ I was joking~"

"This is not New York after all~ When I was in New York before, it felt like... half a home~"

"Who do you think would be particularly nervous and at a loss when meeting strangers at home?"

"I don't know how you feel. Anyway, I feel that after I came to San Francisco, the nerves in my head that were originally relaxed began to tighten~"

Grace stood next to Panaris, looking back and forth between the two of them, smiling and urging: "Do you two want to chat in front of someone else's house?"

"We should go in!"

"Oh...Okay, okay~" David quickly surrendered and smiled at Panaris and winked.

Panaris shook his head speechlessly, adjusted his expression, checked with Grace next to him, and walked with her into the big house.

David followed the two of them, and after walking into the big house, a well-dressed, silver-haired old man stood upright not far from the door, with a smile on his lips and said warmly to the three people who came in.

"Welcome~ Panaris, Grace, we meet again~"

"Hello, Louis~"

"Hello~Thank you for agreeing to our visit~"

"Haha~ You don't have to be so polite~ Come on, let's go over there and sit down and chat~"

"Ok~"

The old man Louis smiled and nodded to David who was following the two of them. He turned around and led the three of them to a conference room on the left~

The living room was surrounded by various antiques, oil paintings, and some things that David couldn't understand. .artwork?

Panaris and Grace walked to a set of sofas and sat down with Louis.

David followed silently to the diagonal opposite of Louis and found himself a single sofa to sit on~

Louis looked back and forth between Panaris and the two, and said with a smile, "How long has it been since we last met?"

"Almost six years, sir!"

"Six years~! Yes~ time flies so fast~"

Grace smiled and continued: "You don't look old at all~"

"Hahahaha~ Why don't you age? I'm almost 70 years old~"

Panaris suppressed his smile and whispered apologetically to Louis: "I'm sorry that when your brother John passed away, we were not able to attend the funeral~"

Louis' smile also faded slightly, he raised his hand and shook his head and said: "Oh~ It's not your fault~ John, his death in an accidental car accident was something none of us expected~"

"So, only insiders of our family attended his funeral~ No one was invited~"

Louis briefly said a few words on this topic, looked at David, and asked.

"This young man is...?"

Panaris introduced him first: "He is a partner of our family!"

"family?"

"Correct!"

David saw a trace of surprise flash across Louis' face, stood up, bowed slightly and said, "Hello sir, I am David Coleman~"

"David Coleman? Oh...I've heard your name~"

"Hmm...let me think about it~"

When Louis was on the phone with his brother Nelson, Nelson mentioned the name David~

Louis is still not stupid enough to forget this~

However, he is pretending to be confused now because he doesn’t care about this kid from the bottom of his heart~

Because he didn't believe what Nelson told him, nor did he believe that old Morgan would be fooled by the young man in front of him who looked very immature~

But today, Panaris, the eldest son of old Morgan, came to visit and brought David Coleman with him~

This matter becomes very interesting~

"Hmm~ I remembered~ You and Leslie are good friends?"

"Um..Yes sir~"

"Hahaha~ Please sit down~ No need to be so polite~"

"Thank you, sir~"

David sat down again and listened quietly to Louis asking Panaris about his family, and asking Grace about the current situation~

After he learned that Grace and Elder had separated, he nodded in surprise and changed the topic.

Strictly speaking, Panaris and Grace are Louis's grandchildren~

In Lewis's view, children and younger generations have grown up, and they should solve their own problems by themselves~

Grace also followed the topic and asked about Louis' wife: "Where is Mary? Has she rested?"

"Haha~ She went out to buy things. Look at the time, she should be back soon~"

"Then when I wait for her to come back, I will have a good chat with her..."

. . .

Several people were chatting in the living room, and the service staff brought coffee and baked cookies to them ~

David was no longer so nervous now. He picked up the coffee and held a cookie in his hand. While listening to their chat, he silently wrote down some important information in the chat.

For example, he learned about Louis Rockefeller. As the third generation of the Rockefeller family to inherit wealth, he was the third oldest among brothers in the family.

The eldest brother, John Rockefeller III, passed away this year due to an accidental car accident.

The second brother, Nelson Rockefeller, has lived in New York for a long time. He is Leslie’s grandfather and is preparing to publish a book~

The third eldest, Louis Rockefeller, has been retired in recent years and is engaged in environmental protection and charity-related undertakings.

Fourth child, I haven’t mentioned it in the chat between a few people, so I don’t know for the time being~

The fifth child, David Rockefeller, is in New York at this time, in charge of Chase Manhattan Bank!

After a while.

David chewed the delicious milk-flavored biscuits in his mouth, his ears perked up, listening to Panaris and Louis chatting, and he gained some new understanding of Leslie's grandfather Nelson~

Nelson served as governor of New York State for 14 years. .

Later, he served as Vice President of the United States for nearly three years. . ?

this. .David suddenly felt that Leslie's behavior was very low-key~

His own grandfather had become such a big official, and David couldn't see anything from Leslie. .The arrogance of a child from an official family. .

Immediately, David understood~

This is America~

They are Rockefeller~

President or something. .He can only be re-elected for eight years at most!

The Rockefeller family has now passed down to the fifth generation, but their wealth has not decreased at all. On the contrary, because generations of talents have emerged, the wealth has become even greater. .

Um. .

So, how did that sentence come about?

The United States is the United States of capital!

. . .

Just when David was hesitating whether to finish off the last three cookies on the plate in front of him, footsteps and a woman's voice came from outside the living room~

Grace stood up excitedly, apologized to Louis, quickly glanced at David, and stepped out to greet him~

It's the hostess here, Louis' wife, Mary, who's back!

David quickly rubbed his hands and followed Grace's back with his eyes, ready to see what Mary looked like~?

"Aunt Mary~"

"Oh~ you... are you Grace? Haha~ you have become almost unrecognizable to me~"

"Nowhere, Mary~ I just grew up!"

"Haha~ I've grown up, you've all grown up~ Come on, come on, let's go in and sit down and talk!"

At the door of the living room, Mary and Grace hugged each other, smiled happily, glanced into the living room, pulled Grace, walked to Panaris, and hugged the junior of the Morgan family.

"Hello, Mary!"

"Hello! Okay~"

Mary took Panaris' arm and asked him to sit down with Grace. Then she took off her coat, glanced at everyone, and said with a smile.

"Do you still like cookies like you did when you were a kid?"

Grace covered her mouth and laughed, and Louis couldn't help laughing. .

David stood up with a look of embarrassment on his face and a little red on his face, raised his hand and said: "Um... I'm sorry, ma'am, I'm David Coleman~"

"The cookies... I ate them all~"

"Oh? Hahahaha~ It's okay, it's okay~ As long as you like it, just like it! Haha~"

Mary didn't know it was because she felt a little funny when she saw David's embarrassment and blush.

I really liked David, and didn't care at all about David's rude behavior. Instead, I was happy that the cookies were eaten up. .

"I baked these in the afternoon, knowing that Panaris and Grace would come to my house~"

"Your name is David?"

"Yes ma'am!"

"Haha~ You don't have to be so polite, just call me Mary!"

"Uh..Okay Mary!"

"Do you still want to eat? How about I bake some for you now?"

David looked at Mary's eager expression, silently touched her belly, and smacked her lips.

"I feel... I can eat another dozen yuan~!"

"it is good!"

"I'll do it now, you wait! Haha~"

Grace covered her mouth and laughed so hard that the crow's feet at the corners of her eyes almost appeared from laughing.

Panaris raised his hand wordlessly and patted Grace, then shrugged at Louis, who was smiling.

Louis is obviously more concerned about the feelings of his wife Mary.

He and Mary have lived here for a long time, and their children and descendants have their own lives and jobs.

It's been a long time since David looked like this in this big house. .The boy who can make Mary happy has arrived~

Several people watched Mary holding the coat she had just taken off and walking outside briskly while asking David.

"What flavor do you like?"

"It's all very good ~ It would be even better if... some dried fruits or fruit flavors could be added!"

"Haha~ OK, no problem! Wait patiently~ I'll be back soon!"

Mary. .He left the living room with a very happy expression on his face. .

Grace couldn't help covering her mouth and whispered to David: "You are really rude, weren't you extremely nervous just now?"

David grimaced and pursed his lips: "You may not know that I have no resistance to sweets like biscuits~"

"When I see them, I just want to eat them all."

Louis smiled and put down his crossed legs just now, and raised his eyebrows: "Me too~ Your cookies made by Mary, I want to eat a few pieces every day~ Hahaha~"

David also smiled and nodded, and answered faster than his brain: "Yes~these biscuits made by Mary are so delicious~no less than the apple pie made by my mother!"

"Your mother? Hahahaha~"

"Uh... Well... I'm sorry, Louis~ I said the wrong thing!"

"Haha~ It's okay, it's okay~"

"Mary will be very happy if she hears these compliments from you~"

"No, what I said is true!"

"Good~"

Louis' eyes swept over Panaris, who shrugged slightly and nodded.

Grace said on the side: "You probably know that David and Lilith will hold an engagement ceremony at the end of the year and before Christmas~"

"Formal invitation, the invitation will be sent to my family in a few days~"

"Hmm...with Lilith?"

Louis responded, and asked David a question with an unchanged expression on his face: "I heard that you predict that there will be another oil crisis at the end of the year?"

David quickly waved his hand and said: "Yes, but that's just speculation. Based on the information I collected, I speculate that it may happen again - it's not a prediction!"

"Haha~ Okay~ So what are you going to do? Buy futures?"

"Yes~" David didn't understand the purpose of Louis' question and replied briefly.

"No~"

Louis nodded, turned to Panaris, and asked, "You and Elder established a hedge fund?"

"Yes sir, judging from the information we have collected now, David's... speculation has a high probability of coming true~"

"So, we are going to make some hedging investments in the international futures market~"

"Um.."

Lewis, this low-key old man who has been on Wall Street for many years, thought in silence for a while and then spoke.

“David, what do you think about venture capital?”

"We have just established a venture capital company in New York and are ready to find some newly established companies with potential to invest in their startups!"

"That's right~ So do you have a target for the primary election?"

"There are some, like..."

David mentioned a few companies that he had already thought of investing in.

After hearing this, Louis nodded slightly: "That's right~ If you encounter funding problems in venture capital in the future, you can come to me!"

"Thank you, thank you!"

David thanked him with excitement on his face and wrote this down in his mind.

Venture capital, if there was no risk, would not have this name!

The greater the risk, the higher the return~

This is not just talk~

People will always look at those successful cases and talk about how generous returns investors have received.

As everyone knows, behind these successes, how much venture capital has been thrown into this pool of water, and not even a sound can be heard. .

----

After Lewis finished asking David, he chatted with Panaris about the operations of hedge funds and talked about several rare-known real cases that happened on Wall Street.

Hedging, as the name suggests, is to use part of the funds to invest in high-risk, high-yield financial products, and use the other hand to buy insurance in the market for this high-risk investment, thereby forming a hedge against the risk of loss. portfolio investment strategy.

In terms of operation, hedge funds are private placement, confidential, and flexible. They are very different from securities investment funds for ordinary investors. They will not disclose the method of raising funds or disclose information. To the extent that they are regulated, It is also much weaker.

Furthermore, another major feature of hedge funds is their high leverage, which simply means borrowing money to conduct transactions.

This method of borrowing money has a lot of room for maneuver and usage skills for hedge funds.

Among them, you can use the margin system of the investment futures market to repeatedly borrow money from banks or investors to increase leverage and increase the total amount of investment for investment.

Therefore, when it invests based on market predictions, it can use the smaller funds it holds to obtain ultra-high profits.

Of course, this leveraged borrowed money will also generate profits and losses as prices fluctuate in the market.

The greater the downward fluctuation in market prices, the greater the investment losses under high leverage, and the demand for margin will also increase.

Until all the margin is lost, banks, investors, and guarantee companies as lenders will take the initiative to help you close your position and reduce the possibility of losses in the funds they lent.

Therefore, when investing in hedge funds, how to ensure that they buy stocks or futures with two hands and hedge possible investment risks is the valuable investment experience that Panaris wants to gain most now.

. . .

Lewis slowly rubbed his leg with his right hand and said: "How to take advantage of the disequilibrium caused by short-term market fluctuations to design investment strategies requires rich investment experience and accurate market predictions as the basis."

"There are some talented people on Wall Street who are very experienced in this area, and I can introduce them to you."

"For example, George Soros, Julian Robertson~"

Panaris smiled, spread his hands and said, "I have contacted these two people, and they... have no intention of joining~"

"Oh?"

"They all have their own ideas and want to establish their own hedge funds~"

"Hmm... So that's it~ Haha, they are all people who want to realize their ideals after gaining experience~"

Panaris smiled helplessly, feeling like I knew he was a top investment talent, but he couldn't be used by me. .It's just terrible!

Louis patted his leg and said with a smile: "There is another person you can try to get in touch with, James Hitmons."

Panaris frowned slightly, obviously having never heard of this name: "He is...?"

"He turned out to be a mathematician, and he won the Oswald Veblen Geometry Award from the American Mathematical Association the year before last."

"However, I recently heard that he left academia and created an investment fund that mainly invests in commodity futures and so on."

"Commodity futures? This is... a very suitable candidate!"

"Do you have his contact information here?"

Lewis shook his head: "Didn't I tell you already? He is a well-known figure in domestic academic circles. It shouldn't be difficult for you to find a way to get his contact information, right?"

"Um...Sorry, I'm a little impatient~!"

"Haha~ It doesn't matter, I just want to help you~"

. . .

David sat aside, picked up the coffee pot and poured coffee for the three of them, repeating these names back and forth several times in his mind.

Seeing that none of the three people's attention was on him, he took out a notebook and pen from his pocket and prepared to record down everything they mentioned during the chat. .

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