Investment Life

In today's European continent, a new revolution is going on vigorously.The European Community, which was built step by step after World War II, is seeking a closer way of cohesion. The "Maastricht Treaty" adopted in 1991 replaced the former "Brussels Treaty", and the framework of the European Union has been established. After the disintegration of the Soviet Union at the end of 1991, affected by the dramatic changes in the world structure, the development of the European Union has also entered a period of high-speed operation.It seems to be the best dream of the heads of state of Europe for the new generation of continental Europe to regain its glory and keep pace with the powerful United States, or even far surpass it.

However, the most critical European economic and monetary system in the EU Treaty is not as perfect as their ambitious plan. The extremely complex European exchange rate mechanism has become a typical case of financial engineering that has seriously run out of control in human history.From 1979 until the birth of the euro in 1999, the European Exchange Rate Mechanism suffered a total of 18 adjustments, affecting 56 central exchange rates.It also led to two amazing currency crises.

In this rare exchange rate adjustment in the world, the international money market funds led by hedge funds have become the most terrible enemy of European governments. Taking advantage of the loopholes in the foreign exchange mechanism, financial giants launched a fierce attack around the changing Europe. The huge profits that were torn off piece by piece went into the pockets of these financiers.In 1992 alone, Soros alone gained a huge wealth of more than 20 billion U.S. dollars, while the British government lost more than billions of pounds in the battle against the exchange rate of the pound.

But the crisis was not the only one in 1992. Unlike most people know, these bloodthirsty financiers did not stay away from the European market. Only 11 months later, in August 1993, the second exchange rate mechanism crisis occurred. Now, the main targets of this crisis are the French franc and the Italian lira.Unlike the previous sterling crisis, the hedge funds in 8 hid their sharp minions, annihilated the situation under the undercurrent, and the movement of money was as silent as flowing water.

If you really want to choose the direction of investment, then this exchange rate crisis can be said to be the biggest opportunity in 1993. In Chen Yuanming's memory, the founder of Tiger Fund who has made the most profit in the European market this year is the founder of the Tiger Fund in front of him.It is only the beginning of June, and there are still two months before the real start of August. During this period, building a new private equity team and gathering larger funds is the top priority of Mr. Robertson.

And Chen Yuanming's bond operations in the European market are not only for profit, but more importantly, to attract winners who can win in this battle.His current assets are only more than 3 million US dollars, which is not worth mentioning in the hundreds of millions of foreign exchange wars, and the complexity and change of the foreign exchange market is not something he can grasp immediately, so instead of acting recklessly , it is better to take advantage of the wind of these winners and wait for the huge profits to be recorded.

Now that the other party has lifted the veil of hypocrisy and exposed his sharp fangs, he is naturally happy to do good and enter this financial feast.

Smiling and nodding, Chen Yuanming's substandard American pronunciation brought a hint of interest, "Everyone is envious of Soros' achievements, isn't it?"

Mr. Robertson, who was sitting across from him, frowned slightly. In his mind, his Tiger Fund was not inferior to Soros' Quantum Fund, but the sterling sniper won too much reputation for this guy, which virtually made him a The one who came in second.

Just as he was about to say something, the boy on the opposite side changed the topic.

"However, compared with Quantum Fund, I am still more optimistic about Tiger Fund's stable style in recent years. What I need is not bragging rights, not the glory of making a certain country bow down, but real profits and victories. There is a saying in China, There are no tigers in the mountains, and monkeys are called kings. The tiger itself does not need to show off, its strength represents everything.”

When these words came out, even Mr. Robertson, who had been maintaining a polite smile, laughed out loud. To him, he had heard a lot of compliments that were more exaggerated than this, but the words of this Chinese boy struck his heart The most proud and confident thing.In the financial market, only victory is everything. To be a financial crocodile who can change the political situation of a country, standing under the neon lights and boasting is very tempting, but that is not his job.Concealed attacks and ferocious predation should be the style of a big cat like a tiger.

With this loud laugh, the atmosphere in the conference room immediately became intimate.In Robertson's philosophy, the partner's money is not the most important thing, but the key is to have the same temperament.After all, hedge funds are not the business of investment banks. Their invisibility and small scale mean that the cooperative groups need closer ties, and an excellent partner is often more important than a huge capital injection.Although the boy in front of him looks surprisingly young, he already has the basic requirements of a qualified financier. If we look at the long-term concept of holding potential stocks, investing in such a person is a profitable business.

With this in mind, after some detailed discussions, a secret agreement was reached.Chen Yuanming, as the new partner of Tiger Fund, invested 3 million US dollars to participate in the next sniper operation against the sub-European foreign exchange market.After the operation is over, the funds can be collected and withdrawn from the fund.It is not uncommon for such short-term partners to enter hedge funds, but there are not many of them.When Mr. Robertson asked about this matter and his views on the future of Eurobonds, Chen Yuanming just shook his head with a smile.

"I still need this money for some important things on hand, and the current European bonds are also overheating. Although I have not personally experienced the disaster in 1987, the hidden dangers caused by too much international hot money are still vigilant. The current European market may not be repeating the situation of the year. So I am not optimistic about the European bond market next year."

Robertson frowned slightly when he said this. He was a person who had personally experienced the terrible scene of "Black Monday" in 1987, and he knew all too well the disastrous consequences of the stock market crash.But now it is only the middle of the year, and the influx of funds in the European bond market is far from reaching saturation. This young man dares to comment on the trend of next year. Should he be said to be too bold or too cautious?

But since the other party has no intention of doing long-term, it's meaningless to force it.There were no more clauses and agreements, and after the two shook hands again, the deal was concluded.The next day, the 3 million funds will be transferred to Mr. Robertson's account, and more lucrative profits will fall into Chen Yuanming's pocket in the near future.

After negotiating the business, at the kind invitation of the other party, the two enjoyed a steak meal worth more than one hundred dollars at the well-known restaurant "Smith & Wollensky" steakhouse on Third Avenue in New York.This time, there is no business concern, and the topic seems casual. Chen Yuanming also heard a lot of news about Wall Street and those secrets that are not known to ordinary people. For this great financial empire, what he knows is true. Too superficial.

However, Mr. Robertson did not discriminate against Chen Yuanming because of his ignorance. On the contrary, it is more and more different from the first impression. This Chinese teenager has shown quite interesting financial concepts. Some of his ideas are not like the old-fashioned Wall Street elites. They are so staid and stale with something very new.Perhaps these ideas are too fashionable for Wall Street today, but they may not be impossible in the future.

This "simple meal" really achieved the expected goal, and the relationship that was originally unfamiliar has also made great progress. After a polite farewell, the three left the crowded restaurant and drove back home in the Land Rover Defender.After entrusting the funds to Tiger Fund, Chen Yuanming's short-term layout on Wall Street has been completed, and the rest is just handed over to Song Kaiwen, who is responsible for continuous follow-up.

The profit ratio that this investment can obtain may not be as exaggerated as in China. After paying a management fee of up to 20%, you can get a profit return of 6 or 70% at most, but the capital base is still not to be underestimated.In the current Chinese stock market, it may be very easy to invest 3 to 5 yuan to earn hundreds of thousands of yuan, but if you invest 1 million yuan, the market that has not been disassembled and expanded can no longer accommodate such a huge amount of funds. Stocks, this is a number that can become a market maker.It is quite difficult to earn back [-] million with [-] million.

But in the United States, it is not uncommon for this kind of high investment to obtain higher returns.The disks of those business giants have unimaginable capacity and growth potential, and the profits of dividends sometimes far exceed the profits of short-term investments.So, as Warren Buffett said, buying good stocks and holding long-term stocks is the best profit model.However, this kind of large-scale investment is not what Chen Yuanming can do now. He is too short of money. How to use short-term mobilization and expand the scale of funds is the most important thing now.

I can only take it step by step... After explaining the remaining details to Song Kaiwen, Chen Yuanming walked back to his bedroom. Through the still clean glass wall, he looked at the brilliant concrete jungle in the distance, and felt There is an indescribable emotion.Now, just scratching the surface of the water, you can vaguely glimpse the power of money under Wall Street, so in the near future, can he stand on a similar starting line with these giants?

In the next few years, there are still so many thrilling events and so many coveted opportunities.This is an era in which financiers leveraged the world, single-handedly defeated the government, and controlled the lifeline of the economy.He only hopes that before that day comes, he can have stronger capital and do something more worthwhile...