The Industrial Giant Reborn

"What kind of request?" Chen Zhiwen nodded.

"We can help you plan the acquisition of Disney this time, so you also need to use your investment vision to give us certain benefits, how about that?" Jason Morgan said with a smile.

"That's fair." Chen Zhiwen replied: "However, I have to make one thing clear first. To acquire Disney, it's not just your Morgan family who can act as an investment bank in the middle. Goldman Sachs and Lehman Brothers can do it. This kind of acquisition is one of the main businesses of all investment banks. If they can also do it, and the time and cost required are lower, then I can also choose them. Therefore, this matter is not counted as your help. Unless your quotation is much lower than Goldman Sachs or other investment banks, then it counts."

The acquisition of a large domestic company in the United States does require relying on a large investment bank in the United States, but this is different from the investment bank that needs Morgan. This is obviously not a help, it is purely a business cooperation. As long as the interests are large enough, it is the same to find anyone. The Morgan family's influence in the United States is indeed huge, but Goldman Sachs, Lehman, and Merrill Lynch are all similar. They are all major investment banks in the United States. Who doesn't have two brushes?

"There are naturally preferential prices." Jason Morgan said naturally: "This is also the core of our cooperation. In some fields that are not convenient for you to invest, we will invest. After success, if we also have cooperation in other fields, then of course we can." I'll give you a higher discount."

"It's okay to say so, but the problem is that there is no investment in this world that can quickly obtain a large amount of income within a few months. Even if I invested in Apple at the beginning, it will only be a few years later. The high return, financial In terms of the market, it is unlikely that there will be an overall short-term skyrocketing, and there will be a sharp drop, but this kind of economic crisis may only be encountered once in an average of more than ten years. said with a smile.

He won't talk about the cooperation with this kind of consortium, those projects with high income returns, because these projects themselves can only be invested with small assets, and they can't accommodate his own funds, so how can he tell others? What can be informed is the future trend of the super huge market, such as some commodities, the stock market, foreign exchange, etc., but these, except for the Hiroshima agreement in Japan, will take a long time to be effective.

As for the U.S. stock market, there was an opportunity in 1987. Large-scale shorting of the U.S. stock market is a taboo for ordinary people, and it is easy to be targeted by financial regulators. Big conglomerates may dare to do this, but the risk of doing this kind of thing is too high , Once you make a mistake, it will be too late to stop, and you will face a blood loss. Even a big consortium like Morgan may not dare to play big.

"Shorting this kind of thing is only suitable for those small hedge funds. We don't play this kind of thing, but if the feasibility is high, we will also recommend it to our clients." Jason Morgan said: "Comparatively speaking, we I prefer to follow the general trend and earn more convenient profits.”

The investment banks in the United States have developed to the present. In fact, most of them do not use their own funds, but customers. In this way, if you win, you will get a commission, usually 25% of the profit. If you lose, it is the customer’s loss. The investment bank is not responsible.

This is also a lesson of blood and tears, no matter what investment bank, no matter what powerful investor, if they win dozens of times, if they lose just once, they may return to zero overnight.

Of course, the premise that this kind of game can continue is that the investment bank can bring profits to most customers, and ordinary customers will not care about the occasional loss.

"In this case, I recommend one, junk bonds, you should have heard of them?" Chen Zhiwen thought for a while and said.

Investment and speculation, many people like the latter, because the money comes in very quickly, but those who are really stable will choose to invest, because the risk is small and the ceiling is much higher.

The strongest speculator in later generations is Soros. In the 1990s, he sniped the British pound and made 1 billion pounds overnight, which shocked the world. Later, he sniped the Mexican peso and set off the financial crisis in Southeast Asia. Although there are huge US capital and the US government behind him , but on the bright side, he is fighting against multiple sovereign countries with one person. In the name of prestige, the financial market can be said to be unprecedented.

But in the 21st century, the asset statistics are less than 1/5 of Buffett's, and even many other long-term stock market investors have higher assets than him. Maybe Soros has hidden assets, but who doesn't have big capitalists?

Unless you are like Chen Zhiwen, who has a very precise grasp of historical nodes, you can make a lot of money by relying on gold or the Plaza Accord, but in the long run, it is still not as good as holding stocks such as technology companies and Wal-Mart for a long time.

If you want to make money stably for a long time, you still have to invest prudently, of course, except for the A-shares of later generations.

"Junk bonds, you mean this market has a lot of money?" Jason said steadily.

"Yes, I think this is very promising. Specifically, you can study it carefully. Whether to invest or not to participate is up to you," Chen Zhiwen said with a shrug.

"Why do you see it?" Jason asked. He naturally knew that junk bonds were a special product of the American financial market in the 1980s. In the previous ten years, the two oil crises led to economic downturns, bank loan interest increases and The contraction of credit, coupled with the serious decline in the business of many companies, has led to a sharp decline in the debt repayment ability of a large number of companies in the United States. Therefore, in order to avoid risks, Wall Street banks packaged these bonds for sale at very low value.

If these companies go bankrupt, the income of these junk bonds will be zero, but if they survive and have the ability to repay, then the income will rise sharply, with high profits and high risks.

"Because I am very optimistic about the future economy of the United States, I am willing to invest in large-scale retail stores in the United States because of this." Chen Zhiwen said.

The financial principles involved are too complicated for him to explain, but in the final analysis, junk bonds were able to succeed because the U.S. economy recovered on a large scale in the 1980s. In the 1980s, several Wall Street elites took a fancy to this market and made hundreds of millions or even billions of dollars from it.

"What you said makes sense." Jason Morgan did not continue to ask. It is enough for people to tell a general reason. If it really involves very professional analysis logic, it is impossible to tell outsiders. Inside Wall Street, for A lot of effort has been put into economic forecasting, such as purchasing large-scale supercomputers, launching satellites to grasp instant information on the global market, recruiting a large number of university doctoral talents in mathematics, etc., in order to measure economic development trends, so that accurate investment can be made. These are top-secret data from Wall Street investment banks.

"There is also the current sovereign debt crisis in South America. Behind you is the US government, you can consider buying these bonds." Chen Zhiwen added.

"Bonds in South America? If these countries go bankrupt, they will lose all their money. You are optimistic about the US economy, are you also optimistic about theirs?" Jason asked with interest. These investment projects provided by Chen Zhiwen are all One characteristic is that the scale is large enough to invest a large amount of funds, which is in line with the goal of a large consortium.

A small investment income can be multiplied by ten times, while a super large investment income can only be multiplied by 30%. If you choose one of the two, then the big consortium and the big fund must choose the latter. It's a matter of size.

"Not very optimistic, but they are all large-scale countries. It is true that the economy is poor temporarily, but it is impossible to continue to be poor. We all know that the current debt crisis is due to the high interest rates in the United States. Well, since the interest rate is lowered, these funds will still be returned to other countries for investment, and besides, the agriculture and mineral deposits in these countries will not be bad." Chen Zhiwen said.

"In fact, we have considered these, but we haven't found the right time to start. Since you are also optimistic about Eric, how about we go together?" Jason thought for a while and said.

As the top investment banks in the United States, they are all aware of these potential investment projects, but it is one thing to know that there is such a thing, and it is another thing when to start or withdraw. Just like the previous rise in gold, the Morgan family also Participated, but the evacuation time was still miscalculated. Although I made a lot of money in the end, I still didn't get the highest income.

And Chen Zhiwen also invested tens of millions of dollars in Morgan Stanley to speculate on gold before, and the timing of his move was very accurate. Although gold had been rising before, but the increase was very slow, which made no sense for investment, and then it began to rise rapidly all the way. , It was even more precise when withdrawing. All funds were withdrawn one month before the highest price reached, and the net profit was close to 500 million US dollars. It can be said to be a textbook template in investment history.

Coupled with the success of Chen Zhiwen in other fields in the past two years, everyone in the Morgan family finally recognized this person's keen judgment in the investment and technology fields. It's better to be together.

"Investing in the bonds of sovereign countries with economic problems is too risky for me, because these countries may turn against me. If so, I have nothing to do." Chen Zhiwen shook his head and said. This is true. Although the economies of some countries in South America will recover in the future, many sovereign debts are still owed. He will not participate in this kind of thing. It is purely thankless, but for the major American investment banks, it is this aspect. The risk is not big. If the South American government does not pay back the money, the US government will come forward.

In fact, sovereign bonds are bought by many ordinary people and ordinary investment companies. However, when something goes wrong in a sovereign country, these investors can only sell these bonds at a low price in order to recover their funds early or avoid losses. Those who take over are all people with backgrounds, and they all have backgrounds in European and American governments. Otherwise, taking over is courting death.

"We invest together, and the returns are proportional. As long as the South American countries don't really fall into the Great Recession and become like Africa, there will be no big discoveries." Jason said with a smile. Investment banks like them are not afraid that these sovereign countries will not pay back their money. , but afraid that there is really no money at all, then there is no way, no matter how powerful the US government background is, it is useless.

"I have other investments in South America." Chen Zhiwen paused and said, "Henry knows this too. I plan to invest in large-scale farms and ranches in many regions around the world. South America is one of the most important places I choose. It can be regarded as one of the evidences that I am optimistic about the South American economy."

"Yes, Eric has invested in several large farms in South America, as well as some large areas of wasteland that can be reclaimed. He also acquired the largest farm in the United States, Gener Farm. This acquisition was also completed through Morgan Stanley. ’” said Henry Morgan.

"Farm? This thing can't be profitable, right?" Jason asked curiously.

"Investing in farms is not purely for profit. It's my preference. It can also be said to be the most stable low-yield investment." Chen Zhiwen said with a smile.

"Well, in this case, when I go back this time, I will focus on analyzing the investment feasibility of these two bonds. If there is any further news about Disney's acquisition, I will immediately inform Mr. Chen. It is impossible for the authorities to make a decision or deny the feasibility immediately, and it will take a while." Jason thought for a while and said.

He understands that Chen Zhiwen will not invest in these two bonds with him. It may indeed be because of the issue of nationality. These two investments, non-American investments, are indeed more sensitive. The former will be jealous if they make too much profit, while the latter may Being targeted to default is just like the fact that American consortiums will not make large-scale investments in areas that the United States cannot influence.

Although these two investment projects are known within the Morgan Consortium, they may be two out of thousands of options. Under normal circumstances, they may just glance at them and throw them aside, but now, of course, it is necessary to carefully analyze the feasibility. Yes, if it is really successful, let alone the profit, it is more important to be able to cooperate with Chen Zhiwen, who has a unique vision, for a long time.

"It doesn't matter. I'm not in a hurry. Just give me news within a few months. Otherwise, I can only go to Goldman Sachs." Chen Zhiwen said with a smile.

"Okay." Jason nodded, he naturally understood what Chen Zhiwen said, and now both sides are testing each other.

After sending Jason away, Henry Morgan returned. The relationship between the two of them was relatively good, and they chatted casually while drinking tea.

"When you bought Disney, did you want to buy a film company and then promote your own products like Coca-Cola did?" Henry Morgan asked.

"Almost." Chen Zhiwen nodded and said. In the first half of this year, Coca-Cola acquired the American Hollywood giant Columbia Pictures. The mergers and acquisitions of these two completely unrelated industries made American investment institutions conceive hundreds of possibilities. But the Coca-Cola official later replied that the acquisition of the film company was just to better promote its main business.

Chen Zhiwen actually has this kind of demand for this aspect. Although Henry bought the TV station, it is not his own after all. In the United States, it would be much better to have his own advertising channels.

In terms of TV stations and newspapers, the United States has relatively strict control, so it is difficult for him to start, but the film company is much simpler. Of course, the promotion ability of the film is also the worst, but if the scale is large and the film sells well, it can also have a lot of money. Strong publicity effect.

There is one more thing he didn't say, that is, if Disney runs well, it can be said to have unlimited potential in the future. This foreigner is the best opportunity to acquire. Once Disney has a better trend in a few years, it is unlikely to acquire it no matter how rich it is.

"I guessed so, but Disney is not just a film company. Its park business is very large, and it has been losing money. If you can't turn losses into profits after you take over, the debt pressure will be very heavy." Henry said.

"Don't worry, I have my own plan." Chen Zhiwen said.

"Okay, I haven't seen any failure of your investment." Henry Morgan said with a smile.

"One more thing, I want to ask you for help, I want to buy an American NBA team." Chen Zhiwen said.