Save the Bachelor of Heaven

 Chapter 3893 3895 [Daguang Fund]

 Over the next few years, Qiaogu gradually adapted to life in the United States and no longer made a fuss about anything she saw.

 She not only learned to drive, but her English level also improved significantly. I couldn't even read ABCD at the beginning. After a few years, I was able to speak fluent English. I could listen to the radio, watch TV, and read newspapers without any difficulty.

In fact, Qiaogu herself is not stupid. In the play, when Chen Jianghe and Luo Yuzhu founded Yuzhu Group, she served as a senior manager in the company and managed the huge company and complicated business in an orderly manner, which fully demonstrated her ability. .

During this period, Xiang Nan has also been obsessed with various investments. In addition to the stock market, there are also various high-tech companies in Silicon Valley, such as AMD, Microsoft, Intel, Oracle, Adobe, EA, etc.

 Some of these companies have just started and some have just emerged. Xiang Nan is very aware of their value, so if he invests a large sum of money now, he will be able to make a profit without losing money in the future.

 As of 1987, Xiang Nan's net worth had risen to one billion US dollars. Even in the United States, he is still considered the top rich man.

 And his studies were also very good. Because Xiang Nan has accumulated rich experience in the field of financial investment, the most valuable thing is that he knows the economic data of the next few decades.

So after entering Stanford University, he published many heavyweight papers and comments, analyzing and forecasting the U.S. and global economies.

These papers and articles all have something to say and are not general talk or nonsense. As a result, Xiang Nan gradually gained fame in the academic and economic circles, and gradually became a well-known figure in the financial field.

Therefore, many newspapers and magazines have asked him to write articles to analyze and predict the economy and stock market, such as the San Francisco Times, San Jose Mercury News, San Francisco Chronicle, Economics and Finance, etc.

 This also further enhanced Xiang Nan’s fame and influence.

 …

 During this period, the Yiwu small commodity market in the mainland has evolved to the third generation.

 The previous first-generation small commodity market was located in Chenjia Town, and its construction was relatively rough. There are only bunks made of cement boards and wooden boards, with no roof to protect them from rain, and no flat road below. It is said to be a small commodity market, but it is actually worse than the current rural market.

 Coupled with the limited stalls and limited scale, they quickly failed to keep up with market and public demand. So in 1984, the second-generation small commodity market was officially launched.

This time the small commodity market opened, all districts, towns, and villages in Yiwu started to rush for it, hoping to put the small commodity market in their own homes.

 Because everyone has eyes and can see how much Chenjia Town has changed in just two years.

At that time, when other villages and towns were still hesitating, Chenjia Town dared to be the first in the world, actively fought for it, and contributed people and land to let the first-generation small commodity market settle in Chenjia Town.

Since then, the people of Chenjia Town have been the first to get the first opportunity, and they have made a lot of money by relying on the geographical advantage of being close to the small commodity market. In 1983, several households in the village became households worth 10,000 yuan.

 After some competition, the second-generation small commodity market finally settled on Xinma Road. Compared with the first-generation small commodity market, the Xinma Road Market is larger, covering an area of ​​14,000 square meters and with 1,800 stalls.

Moreover, all stalls are fixed with cement floors and cement boards, and glass tiles are installed on them to protect them from wind and rain. The business environment is suddenly much better.

In addition, the market center is also equipped with service buildings, which contain banks, taxation, industrial and commercial offices, information offices, guest houses, broadcast rooms, duty rooms, police stations, etc.

It can be said that compared with the first-generation small commodity market, the second-generation small commodity market has been significantly improved in both hardware facilities and software services. But even so, the second-generation small commodity market still could not meet the needs of the people, so the third-generation small commodity market opened in 1986.

This small commodity market has more complete hardware facilities, using permanent reinforced concrete scaffolding and asbestos steel tile roofing. It covers an area of ​​43,000 square meters and has more than 5,000 stalls.

 Large scale, more merchants, and more complete services. According to incomplete statistics, there are more than 1,300 stalls selling clothing alone.

Of course, this is also because the cloth ticket system was abolished in 1983, and cotton cloth was widely available, so people did not have to worry about running out of cloth. This has also led to a surge in clothing production and sales.

 In addition, tickets such as food stamps, meat stamps, and oil stamps have also been gradually cancelled, and the lives of the people in Yiwu have been significantly improved.

 …

 In 1987, the U.S. stock market crashed.

 October 19, the Dow Jones Index fell more than 500 points in a single day, a 22% drop, the largest drop since 1941.

 Within six hours, US$500 billion in assets evaporated out of thin air, equivalent to one-eighth of the U.S. gross economic product, which also shocked the world.

Therefore, following the U.S. stock market crash, stock markets around the world fell in response. According to final statistics, global losses due to this stock market crash were as high as two trillion US dollars, which was higher than the losses during World War II.

 But Xiang Nan not only suffered no loss, but also gained both fame and fortune.

 First of all, he knew about the stock market crash in 1987, so he sold his stocks early, and all of them were sold at a high price. Although he did not take advantage of the situation and short the stock market, after the stock price plummeted, he took the opportunity to buy a lot of stocks and still made a lot of money.

 Secondly, Xiang Nan has been writing articles since 1986, predicting that the stock market is overheating and a stock market crash may occur. In early October 1987, Xiang Nan even published multiple articles making pessimistic predictions about the stock market.

 But at that time, many people didn't care and believed that the stock market was unlikely to explode. Xiang Nan was completely alarmist and making random analysis. If you believe him, you will be a ghost.

On October 19, the stock market crash hit as expected. Many millionaires were reduced to paupers overnight. The stock prices of many large companies shrank significantly. A drop of 20% or 30% was considered minor.

 Companies such as Coca-Cola and Disney have seen their stock prices halve. Even Warren Buffett, the stock god, lost billions of dollars that day, which left him with an unforgettable psychological shadow.

Xiang Nan became famous in the financial and media circles by successfully predicting the August 7th stock market crash, and became a well-known investment expert in the United States.

Because of his fame, even well-known newspapers and magazines such as "Bloomberg Business Week", "Wall Street Journal", "Forbes" and "Fortune" have begun to request articles from him, hoping that he can analyze and predict the economy.

With the support of these heavyweight media, Xiang Nan’s reputation in the United States is growing. Everyone knows that this young Chinese-American has vision and ability.

Hence, many Wall Street investment banks have extended an olive branch to Xiang Nan, hoping that he can join their company. Among them are Goldman Sachs, Merrill Lynch, Lehman Brothers, Bear Stearns, Morgan Stanley, etc.

However, Xiang Nan refused their solicitation, and instead established the Daguang Fund "biglight" named after himself, recruiting clients to invest on his own.

 (End of this chapter)