The Son of Finance of the Great Age

  Chapter 169 Jeff Bezos

The next day, Zhong Shi received a call from Andrew, and only then did he understand what happened last night. He had no choice but to give up and ordered Andrew to continue to purchase spot copper while waiting for the next change in the market.

  May 1st was the weekend, and Zhong Shi flew to New York on this day to attend the investor meeting of the D.E. Shaw (Shaw) hedge fund.

Shaw’s Hedge Fund was established in 1988, the same year as the famous Renaissance Technology Hedge Fund. Like Renaissance Technology, the founder David Shaw also focuses on short-term trading, which is also a quantitative model transaction, and the recruits are all mathematics. home and scientists.

   There was once such a joke: When David Shaw heard his employees say that it takes 3 to 8 weeks to build a trading model, he immediately flew into a rage. Later, these employees learned how to behave. When reporting similar work, it may take 5.25 weeks to change to this transaction model, but there will be a deviation of 2 weeks. Although in reality it is still 3 to 8 weeks, but it happens This style of reporting can arouse David Shaw's appreciation.

  David Shaw entered the financial industry from Stanley & Co., before starting his own hedge fund. Since its establishment, his econometric analysis team has been studying stock price models and option price models, looking for signals from stock price changes through nonlinear models, and finally operating through these unchecked data, and soon they are in the market It was a great success. By 1994, their employees had reached hundreds of people, and their daily turnover stood at 5% of that of the New York Stock Exchange.

When Zhong Shi and Zhong Yi walked to the high-end office building on 45th Street in the West District of New York, they were greeted by the staff of a special public relations company. Answer their questions. Afterwards, there will be a dinner party where people from all walks of life will gather to listen to David Shaw's market forecast and future outlook.

  The entire investor meeting is probably such a process. The reason for holding such a meeting is to shorten the relationship with investors, and to persuade these investors to continue to give generously.

When the two brothers Zhong Shi and Zhong Yi walked into the hedge fund, they were surprised to find that the staff here were dressed differently from the orthodox Wall Street elite. Missia style, which is very different from the bankers who are often dressed in elegant suits, bright ties, shiny leather shoes and meticulous hair.

This is not the most surprising thing to investors, because then they found sleeping bags in the employees' offices. Although Wall Street elites are all workaholics, those investment bank employees have absolutely no tradition and habit of sleeping in the office, even If they need to work all night, the investment bank will considerately send a car to take them back to their residence in the early morning of the next day, and then take them back to the company after taking a shower and changing clothes.

   "If you don't go home, you will be able to concentrate more!" A young man with thick eyebrows, big eyes and a high nose bridge saw the confusion in everyone's eyes and explained without losing the opportunity.

  All the investors nodded their heads, and it didn't take long for them to focus on other places. Only Zhong Shi and Zhong Yi stood in front of the sleeping bags, whispering to each other without knowing what they were talking about.

  The young man also found that among this group of investors, these two investors are the youngest, especially among a group of middle-aged and elderly people with big bellies. He was very surprised, and the idea of ​​making friends came into his mind.

Generally speaking, people who want to start their own business will pay great attention to customer channels, especially those who have money and are willing to invest. At this time, the young man has already had the urge to start a business in his heart, but he will This idea was hidden in his heart, and this day happened to be a meeting of some investors, so he volunteered to act as a receptionist.

   "You two, what can I do to help you?" The young man walked up to the two brothers Zhong Shi and Zhong Yi, and nodded slightly to them, with an attitude of knowing everything and saying nothing.

His move undoubtedly won Zhong Yi's favor. Zhong Yi looked at Zhong Shi and saw that he didn't say anything, so he said: "I found that you have a lot of computers here, even more than other hedge funds. Some There are even several computers on people's desks, I don't know why?"

It turned out to be this, and the young man secretly heaved a sigh of relief. At first, he thought that the two of them would ask confidential questions, but after hearing the questions he liked clearly, he smiled and said, "We are here for quantitative trading. It is built on the basis of mathematical models and operated in a probabilistic manner, because computers have unparalleled advantages in modeling and trading, so we have a lot of computers here."

   But in his heart, there was a thud and waves. He could hear clearly that the client surnamed Zhong mentioned other hedge funds in his speech just now. Obviously, he had also been to his peers. You must know that transparency and openness are the two things that the hedge fund industry hates the most. If you are an ordinary person, you must not be able to enter the interior of these hedge funds. So the client must have invested in other hedge funds.

   "It must be a big client, but I don't know if he is interested in angel investment! No matter what, I must seize this opportunity!" The young man thought secretly in his heart.

   "So that's how it is." Zhong Yi said casually. He is quite disapproving of the transactions of these quantitative models. On the one hand, these hedge funds are not interested in orthodox economists. Second, which of the hedge funds in the market does not rely on macro strategies to obtain huge profits. These macro strategies are naturally inseparable from the analysis of the economic situation, policies and future trends!

It’s just that Zhongyi has misled his eyes. Although hedge funds with macro strategies are the protagonists of Wall Street, in the long run, quantitative models are the main force of the market, and their profit model does not involve insider information or investment. When it comes to manipulation, they only operate by capturing some mysterious and mysterious "passwords" in the market, so they can live longer and make more lasting profits.

   "I don't know what you think about the Internet?" Seeing that Zhongyi lost interest in the conversation, the young man lost no time in bringing up a new topic, wanting to continue the conversation.

"Internet?" Zhong Yi tilted his head to look at the young man, and asked with some puzzlement: "Is it the Internet that is very popular now? I think it has great potential and is very convenient. I believe it will be a certain trend in the future." .”

Just a few years ago, the United States passed the high-speed network plan. This plan is to turn the future development direction to the Internet industry. These preferences are naturally very clear, but he himself is not very interested in the computer industry. I did some simple programming, so I just laughed and responded vaguely.

However, what the young man said caught the attention of Zhong Shi, who had been silent all this time. Zhong Shi knew too much about the great power of the Internet. If nothing else, many of the rich men in the future would come from the Internet industry. Moreover, through the globally connected Internet, the entire world has become a place that can be reached with just a click of a mouse. This revolutionary change is comparable to any industrial revolution in history.

  Zhong Shi interjected, "I don't know what your attitude towards the Internet is?" After that, he stared into the eyes of the young man in front of him, wanting to see what "insights" he could say.

The young man was obviously not used to this kind of staring gaze, but he quickly reacted, turned to Zhong Shi and said: "According to my statistics, the number of Internet users is increasing at a rate of 2300% every year. The rate is faster than any other industry, and I think this will develop into a huge market, especially in the form of Internet business."

   "..." Zhong Shi couldn't be more shocked. Someone actually saw the broad prospects of the Internet, which made him have a strong interest in the person in front of him: "If you were given a choice, what industry would you do on the Internet?"

The young man paused, avoiding Zhong Shi's gaze unnaturally, then sighed again, and said with some helplessness: "I have investigated dozens of commodity markets, and I think it is possible to sell books on the Internet first, and wait until it expands." Then sell some other stuff…”

  After hearing the book, Zhong Shi felt his head buzzing. He couldn’t listen to what the young man said next. Wasn’t Amazon the first to start selling books on the Internet? This Internet company is one of the real giants. Could it be said that it was founded by the young man in front of him?

   "May I ask who you are?" Disregarding his politeness, Zhong Shi immediately interrupted the young man's chatter, and asked the man's name directly.

   "My name is Jeff Bezos, and I am the senior vice president of the Shaw Hedge Fund." Although he was interrupted, Jeff Bezos still replied politely and handed over two business cards at the same time.

   "..." Zhong Shi was completely petrified, it was him, it really was him! In later generations, he only knew that Jeff Bezos worked on Wall Street before founding Amazon, but he didn't know that he was actually in the Shaw hedge fund he invested in. This time, the future big money lord must not be missed, Zhong Shi quickly made up his mind.

   "Since you have the intention in this regard, why don't you do it?" Zhong Shi knocked sideways. He has realized that Jeff Bezos has the idea of ​​starting a business, and this is a good time to consolidate his idea.

   "..." Jeff Bezos muttered for a long time, and finally gritted his teeth and said: "The current start-up capital should be enough, but if we can find one or two angel investors, then..."

"No problem, I can be your angel investor!" Zhong Shi took out a pen from his pocket, wrote his contact information on the back of Bezos' business card, and put his hands in front of Bezos, "As soon as possible Send me your business plan, I'm always here!"

   "Isn't it just a SeniorVP (Senior Vice President)? As for this?" After Jeff Bezos left, Zhong Yi couldn't help muttering. He is very familiar with the various titles on Wall Street. Although he is a senior vice president, he is actually just a middle-level person. For example, in an investment bank, the bottom is an associate, then an analyst, and then a vice president. , Above them is the executive manager (exxcutive director), and the big boss is the managing director (manager director). Although he is a senior vice president, he is not yet able to have a direct dialogue with Zhong Yi.

   "You don't understand, you don't understand!" Looking at the figure of Jeff Bezos going away, Zhong Shi proudly retorted. He has been coveting Internet companies for a long time, and now he has finally found such an excuse to get him involved, how can he not be happy!

   True story, Bezos did work in the Shaw hedge fund!

  (end of this chapter)