The Growth of the Richest Man

"Two bosses, 200 billion US dollars is a small thing to you, but to me, it is a big thing. Even if you sell me, you won't be able to collect that much money!" Although Zhang Yong I really want to work with these two giant stock gods, but Zhang Yong really doesn't have that much money. Even the entire Renren Fund has total assets of only about $50 billion. Even if all the total assets are used to invest in General Motors, Not enough! What's more, it is impossible to invest all of them. At least, a large part of the assets are used to invest in some physical projects and cannot be withdrawn. For example, a large amount of money has been invested in the research and development projects of chip production equipment of TF and Medtech.

"Mr. Zhang Yong, it seems that you have misunderstood a bit. Although GM's total debt is 200 billion US dollars, the three of us do not need to pay such a large price to eat this company." Soros explained, " Although GM has a lot of total liabilities, its total assets are still about 100 billion US dollars, so the net debt is only about 100 billion. Moreover, we have received news that as the world's largest automobile manufacturing company, it is an image project. The federal government will not allow it to go bankrupt, and the federal government is ready to give GM an $11.6 billion federal bailout right after GM files for bankruptcy protection."

"Not only that, but GM is also preparing to launch an unsecured debt-to-equity swap program, and while it's difficult to be sure that enough bondholders will agree to the debt-to-equity swap program, we've received definite news that GM's largest The creditor, the federal government, is prepared to give up half of its claims in exchange for a stake in the restructured GM," Buffett added.

It has always been said that the U.S. securities market is a market without insiders and private transactions, but Zhang Yong has greatly changed his view after hearing the conversation between these two bigwigs. What is no insider? Indeed, inside the company, it is not allowed to obtain profits through insider trading, and no investor will obtain inside information in advance from the company's channels. However, in this country, those big entrepreneurs and big capitalists can directly control the federal government. Through this channel, the income obtained is much larger than making a little money from the company's gossip.

Perhaps, Buffett and Soros decided they wanted to eat GM. However, in the current financial crisis environment, it is difficult for the two of them to make too accurate judgments on the trend of the economic situation, so they filmed this "charity lunch", hoping to learn from this newcomer in the past two years. The financial upstarts out here get some inspiration. As for inviting Zhang Yong to invest together? It's not that they don't have enough money, it's that they want to tie Zhang Yong to their boat together.

"As Laoba said, the debt of 200 billion US dollars does not need to be filled in all. We calculated that it is about 50 billion US dollars, and we can eat General Motors. I can pay about 25 billion US dollars. Laoba's recent paragraph It’s a huge loss of time, but if you pay $20 billion, you should be able to, Mr. Zhang Yong, you can pay another $5 billion.” Soros said to Zhang Yong, very relaxed, what he wanted to say was not $5 billion, but $5 billion. It's the same as 50 bucks.

"But I can't get that much money in the short term..."

"You don't need to take it out in a short period of time. The bankruptcy liquidation process will take at least half a year. In this half year, we can collect the money and it will be fine."

half a year? Now Zhang Yong's fund has 50 billion US dollars. In half a year, he can make a little bit of money. Moreover, there will be many new investors entering the pit to buy Renren Fund. Maybe that's enough, right? Even if it's really not enough, in half a year, the Hammer mobile phone should be able to make more money, and it's better to use it from there.

"Yes. I wish the three of us a happy cooperation!" Zhang Yong said.

. . . . . .

Waving to recruit Xu Lili, Zhang Yong whispered in Xu Lili's ear: "The official news will be released immediately, and the three companies, 'Renren Fund', 'Berkshire Hathaway Fund', and 'Quantum Fund' have reached a strategic cooperation agreement. It’s enough to publish such a sentence roughly, and you don’t need to write out the specific content of the agreement.” With the specific content, there is no room for imagination. Such imaginative words attract investors the most. Perhaps as soon as this news is released, it will not take long for the money to be collected.

"Okay, Mr. Zhang." As a financial expert, Xu Lili certainly understood the gold content of this official news. But Xu Lili blushed very much. Zhang Yong was talking in her ear, and the warm air blew on her earlobe, which made her blushing involuntarily. Thinking of the past, shouldn't it be, what does Mr. Zhang think of me? ? What am I thinking about, I have a boyfriend, and President Zhang also has a girlfriend.

. . . . .

There is no formal written agreement, but it doesn't matter, this kind of thing, oral is fine. At this level, the oral agreement to advance and retreat together may be more useful than the so-called written agreement signed. Moreover, this kind of agreement is obviously of a gray nature. If it is actually signed, once UU Kanshu www.uukanshu.com is revealed, it will involve a lot of insider trading, even involving leaks at the highest level, which is not allowed. .

So, this oral agreement, make a memorandum, it will be fine.

. . . . .

"The fourth of the seven partners I invited! His name is Timothy Sloan, I don't know if you know him." Buffett introduced the next person to Zhang Yong, "He is a banker, If Mr. Zhang Yong has any loan needs, or even a stock brokerage, he can come to him."

"Hello Mr. Zhang Yong, I'm the chief financial officer of Wells Fargo Bank. You can come to me with your financial problems, and I will personally act as your exclusive service representative to help you solve these problems." Timothy Sis Long was introduced and said to Zhang Yong.

CFO? Shouldn't it be the CEO? Oh, it's only 2009. Timothy Sloan at this time may have just been the chief financial officer. It is estimated that he will be promoted and raised to become the chief financial officer of Wells Fargo in a few years.

"Nice to meet you. I happen to have a loan requirement of $5 billion. Can your bank meet it?"

Timothy Sloan burst into shame: "The recent financial crisis, many of our bank's subprime loans have gone bad, and it is difficult for our bank to raise so much money!"

"Haha, Mr. Zhang Yong, don't embarrass Laoba. Wells Fargo is controlled by Laoba, and he is losing money like that now. You still want to borrow money from his bank? You must solve the 5 billion by yourself! "

..., it's no wonder that Buffett is the richest person in the world. In this era, Wells Fargo is the number one competitor of ICBC, and it has alternated with ICBC many times for the throne of the world's largest bank! Such a bank was actually opened by Buffett!