Start by trimming cow hooves

In this January of 2009.

Washington officials have once again made it clear that they will provide support for subprime mortgage products. The crisis has passed and the market is recovering.

Rich people are good at borrowing money to make money.

Under the premise that there are many opportunities and considerable grasp, if you can make money from the bank for investment but don't borrow it, it will be like losing money.

Suri occasionally thinks about where to invest next.

The money invested in Tesla is just financing, and you are just a hands-off shareholder with no say, so don't worry too much.

Fisker, which also makes cars, initially required Suri to pay for it out of his own pocket.

Although R\u0026D and building cars are very expensive, fortunately, you don’t need to spend so much at once in the short term. Even Elon Musk dares to build cars. For Suri, who has more money, the pressure is naturally not too great.

If you count the assets and gather them together.

Mortgage Lanai Island and Facebook equity, and according to bank regulations, generally at a discount of about 30% on the appraised value, you can get a loan of almost US$900 million.

This does not include the shares of Netflix Entertainment that suddenly became valuable.

Although various institutions are sending people to investigate one after another and have not yet given the latest valuation prediction results, it has only been around three months since its establishment and has more than two million paying users, with monthly revenue exceeding 10 million US dollars, and is in the process of A period of rapid growth.

Analysts in Silicon Valley have given it a conservative valuation of US$2 billion, mainly because it was founded too soon and the cost of filming self-produced dramas is relatively high, which may affect profit margins.

If we wait and see for a period of time and the user scale continues to increase in the future, and it is determined that the path of online TV can really work, then its valuation will rise sharply again.

three months ago.

The US$250 million invested by Suri has now become US$1 billion. If it encounters a large company willing to acquire it at a premium, it may be worth more.

The start is better than expected. The company has revenue and no further financing is needed in the short term.

Suri has no worries and is very rich, so he naturally focuses on Apple, which has been suffering from internal and external troubles and bad luck recently.

Internal worries refer to the fact that the company's CEO, Steve Jobs, has health problems and is unable to find new profit growth points. Revenue in the fourth quarter of last year was lower than expected.

Foreign invasion refers to mobile phones equipped with the Android operating system, which have already been released, and companies such as Nokia, Motorola, and Microsoft have successively announced their entry into the smartphone industry, or expressed interest in this industry.

Coupled with the impact of the financial crisis, Apple's market value has surged in the past few years. In the past few months, its stock price has halved, giving Suri another chance to get on board.

Assets such as Netflix Entertainment, Tesla, and Fisker are already relatively aggressive and carry a certain risk of loss.

From a cost-performance perspective, Apple shares are undoubtedly very attractive.

After you buy it, you don't even have to worry about it at all. You can just sit back and take the dividends every year and wait for its stock price to rise.

I learned that Suri would meet with people from the bank later and planned to borrow about US$900 million.

Daddario almost choked on his own saliva and asked tentatively:

"Can I go with you? I've never seen such a big scene. There's a long string of numbers, more than my mobile phone number."

Mobile phone numbers in the United States are generally 10 digits.

$900 million starts with a 9, and the loan amount is indeed larger than Daddario's number that starts with a 0.

Suri asked confused: "Where to go?"

"Go to the bank. Didn't you say you wanted to meet with someone from the bank?"

"Representatives from Goldman Sachs came directly to me. I have worked with David Levine many times. He used to be responsible for the business in the Silicon Valley area, and now he has been promoted."

The reason why Su Rui chose Goldman Sachs Group to cooperate is that it is more convenient. After the loan is completed, he can directly open an account and let them help him build a position.

It is very convenient for retail investors to buy and sell stocks, but this time he plans to hold hundreds of millions of shares, which is a bit troublesome to operate. Scanning stocks from the circulation market can easily push up the stock price.

With the help of Goldman Sachs' platform, maybe it can be done with a phone call. The company itself holds a lot of Apple shares...

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Even for Goldman Sachs, loan projects with such large amounts are uncommon and generally involve corporate restructuring, mergers and acquisitions.

When David Levin, a senior partner at Goldman Sachs, took a few assistants and flew all the way from Silicon Valley.

He first reached out to Su Rui from a distance, smiled from ear to ear, and said:

"We meet again! You always bring surprises to me. Larry Ellison of Oracle originally invited me to play golf. After I answered your call, I immediately turned down the meeting with him without even a minute. hold up!"

Suri smiled and said:

"Our family has been cooperating with you since my father. The amount involved this time is a bit large. I'm afraid I can't explain it clearly on the phone, so I think it's better to meet in person."

David Levine cut to the chase and asked him:

"Are you serious about the project you mentioned on the phone? From the perspective of your father's friend, I want to tell you that if you are speculating in the short term, futures and stock options are cheaper and more free and flexible."

Su Rui touched his chin, thought about it and said:

"It is estimated that it will be held for more than ten years, maybe fifteen years, and it should be rarely touched during this period."

"That's no problem. Now the loan interest rate is very cost-effective. I predict that the interest rate will remain low for several years."

David Levine walked forward with Suri, and the two sat under a sun umbrella by the swimming pool.

Suri then told: "I will let my people stay in contact with you. Anyway, I can lend as much as I can."

Taking a loan to invest in stocks is very simple since there are enough assets as collateral.

David Levine nodded and reminded:

"If you want to borrow more money, you can pledge your Apple shares at that time, and you will be given an additional credit line of hundreds of millions of dollars."

"Now Netflix Entertainment has become the most valuable asset in your hand, almost as valuable as Facebook shares. Everyone in Silicon Valley is talking about you these days. Fortunately, I have paid attention to Netflix Entertainment very early, and I have never The parent company of Netflix got about 7% of the equity, and it went crazy.”

"Suri, to be honest, if it were anyone else, I would advise you to be more cautious. After all, the performance of Apple stock is a bit bad. But you can bear the risk now, so it is not bad to hold it for a long time and bet on its rebound... "

After listening to David Levine's words, Suri said calmly:

"I've thought about it seriously and don't plan to change my mind again. I'll just continue to pledge Apple shares. Maybe I can find a better investment project."

Working overtime is usually painful.

But for such a big project, you can get a generous bonus.

David Levin said decisively:

"I understand, and I will have people prepare the documents as soon as possible. Tomorrow is Sunday, and all the procedures are expedited. Maybe I can help you open a position on Monday, and we can discuss the target price and the like then?"

Suri has no target price.

The price per share has dropped below 7 US dollars. In his eyes, it is a cabbage price. There is no need to care about the short-term trend...