Reborn Entrepreneurial Giant

When the time came to May 2007, Wu Hongning also made great progress in investigating the real estate market in the United States, paying attention to CDS and CDO. I won’t explain what these two things are. Simply understand that CDS is insurance, and CDO is a fixed-income security. The specific function is to allow insurance companies to bear the risk of falling housing prices and lose money to investors who buy insurance.

"Wall Street is really crazy!" Wu Hongning muttered to himself, why did Qu Li find so many problems so easily when he arrived in Silicon Valley, and he only gained something after working so hard. You need to collect more information and buy some CDS products, and you can make money no matter what.

The madness of CDS lies in the spam, that is, the same house can be in more than ten CDS products. If the owner of this house defaults, the bank will lose 200,000 US dollars, and the insurance company may need to pay more than 2 million. If the real estate crashes and 100,000 people default at the same time, then the total is 200 billion US dollars? It's an astronomical figure...

However, the reality may be even crueler. AIG alone (the world’s largest insurance company at the time) lost more than 100 billion US dollars. Freddie Mac and Fannie Mae, which specializes in mortgages, and Lehman Brothers, which sold CDOs, all suffered huge losses.

A tired Wu Hongning appeared in front of Qu Li, telling about the hardships of this trip to the United States, which was not as good as he imagined.

"Are you going to hand in this report?" Qu Li asked curiously. He didn't know how to get mixed up in the workplace. Huatou hadn't been formally established yet. He didn't want to get a better job. He went to the United States to do research and write an essay. A not-so-flattering report.

"Why not hand it in?"

"A significant portion of Blackstone's business and income comes from real estate."

"This guy is really lingering, what should I do?"

"Can convertible preferred shares work? If the subprime mortgage crisis breaks out, Blackstone's stock price will inevitably fall. At that time, it will be converted into ordinary shares, which will not only help Blackstone but also reduce costs."

A group of idlers are worried about the loss of national assets. They are just full of food. Maybe they are making strategic losses in order to achieve more hidden purposes, such as bottom hunting.

Wu Hongning asked about Xiangcai Securities. Tian Yue was not troubled when he joined the board of directors of Xiangcai.

"Are you confident in repurchasing Lehman's shares in Jumei within three years?"

"They invested 39 million US dollars this time. After three years, I need to pay less than 50 million US dollars. I can earn this amount this year." Qu Li said lightly

"Your gambling is too big, you should pay attention to controlling risks."

"However, how many opportunities do you have to change your destiny in your lifetime? The financial crisis that may erupt in the United States this time should be the best opportunity in ten years."

Risk, what is risk, uncertainty is risk, but for Qu Li, most situations are certain. The international crude oil price reached 65 US dollars a barrel, and he earned 5 US dollars from the 10 million barrels costing 60 US dollars, which is 50 million US dollars.

After listening to Qu Li's argument, Wu Hongning felt very reasonable. The chance to change one's destiny in one's life is firstly reincarnation; secondly, the place of birth. Inland; then education and college entrance examination.

The more I think about it, the more I think about it. Can the financial crisis change a person’s destiny? Of course it can, because the rise and fall of the industry will bring about huge changes in the income of different individuals. The income of young people who started to enter the Internet industry in 2007 will obviously be higher than other industries. , this trend may not change after 2022, because the Internet industry has always been the infrastructure of the information age. It's just that companies such as search, social networking, games, e-commerce, and food delivery may no longer enjoy high benefits and low tax treatment.

"I went to see the Paulson Fund you mentioned, and sure enough, many people invested in it, and the New Century Financial Company in the United States that made mortgage loans went bankrupt."

Qu Libai glanced at Wu Hongning, and put the key information behind. The second-ranked mortgage company in the United States went bankrupt. Isn't this exacerbating the bursting of the real estate bubble? Assuming that Gongnong Zhongjian no longer does the mortgage business, and there is no new leek, the housing prices of Zhongwomen will not plummet?

"It's a pity that the first investment was given to Blackstone. When I can make the main investment, maybe there will be no profit."

"What's the rush? Safety is the first priority in Huatou. Isn't it good to buy gold and government bonds?"

You bought it, Wu Hongning was slandered endlessly.

"Even if you don't want to buy treasury bonds, you can still target some high-quality infrastructure and real estate resources, such as water, electricity, gas, ports and airports, and aircraft leasing in Europe and the United States. You couldn't buy them before, but now you have the opportunity. Why don't you buy more?"

"Buying public facilities in Europe and the United States? No way, the impact is too great." They are sovereign funds, and their every move attracts people's imagination

"There is Blackstone standing in front of you, you contribute money and they contribute..." Qu Li said that he really didn't think about it for himself. The company Huatou has grown rapidly, and the average rate of return on investment in ten years is actually higher than the Singapore government's investment in GIC. , but the 2021 financial report was not announced until October 2022, and it is not known what happened.

Of course, Wu Hongning approached Qu Li because he wanted to gain inspiration from the exchange. Every suggestion he got from Qu Li in the past two years seemed to be correct, and he didn’t even lose money in stock trading. This kind of person is either born lucky or really capable .

Then Qu Li introduced some companies with great potential, such as Apple, Google, Amazon, eBay, and Baidu. Especially Baidu, why didn't he think of it at the time, otherwise he would not have bought Australia's FMG, but directly bought Baidu's stock.

Well, think about it again, because there is a capital gains tax, if Qu Li invests in the name of the company, there is a high probability that he will not buy US stocks. Although Australia also has capital gains tax, there are exemptions. If the shareholding ratio does not exceed 10% of a listed company, there is no need to pay capital gains tax.

"Do you think it is possible for CIC to take a stake in BHP Billiton now?"

"It's a beautiful idea, but they don't lack money or love. Why?"

"But the domestic steel industry..."

"But don't forget the responsibility of Huatou. I think there is a high probability that it is not to break the game. It is better than anything else to do the things that are within the duty."

"It's not for the purpose of breaking the game. Does Huatou have no strategic significance?"

"Yes, with such a large amount of foreign exchange, you can't just buy U.S. bonds. In addition to maintaining and increasing value, you must also pay attention to diversified investments. By the way, if I were you, you would invest most of your funds in the Japanese market to buy Japanese yen assets."

"Why?"

"I heard that the yen is a safe-haven asset. If the real estate crisis in the United States triggers a financial crisis, will the demand for the yen increase in the international market, and is there a high probability of the yen's appreciation?"

"But if there is a financial crisis..."

If you don’t invest in the stock market and real estate, you don’t have any investment projects. So why should Qu Li give his opinion on how to invest? Isn’t that asking Yu Blind? If he wants to understand this, he has already traded in stocks and foreign exchange by himself. No, the appreciation of the yen is inevitable. He, oh, he bought Australian dollars.

"Then the Australian dollar won't appreciate too?"

"It's possible, but you have to know that Australia's ability to resist risks is not as strong as Japan's. If it is really a global financial crisis, commodity prices will fall, and international capital will flow out..."

"Okay! No...it's dangerous!" Wu Hongning was a little incoherent

Even if Qu Li doesn't have much social experience, he can tell that this guy probably has a rival, and his investment direction may be in Australia. The international financial market will affect his whole body. There will be no current knowledge.

"Don't be too happy too early, things will roughly evolve like this, but do you know the specific time node, if people are lucky, they will make a lot of money instead."

"Ahem..." Wu Hongning coughed a few times in embarrassment, nonchalantly concerned about Qu Li's career, Jumei and Glory Technology.

"It's not bad. After recruiting two big courtyard students, there should be a lot less trouble in the future. It's just that Jumei is a bit troublesome, and now it's a bit nondescript."

Wu Hongning originally wanted to ask him why he was so lucky, but he felt it was inappropriate.

"Jumei only raised $65 million..."

"Money is not the most important thing in the development of an enterprise. I really wanted to be an e-commerce clothing supplier at the beginning, using information technology to transform the traditional manufacturing industry. The core competitiveness is the ability to respond to the supply chain. Now it has become an e-commerce platform. The most important thing is supply. chain management and sales capabilities.”

"Is there any difference?"

"In the past, I only had to deal with garment factories, but now I need to deal with brands. The consumers in the front end have not changed, but the suppliers in the back end are completely different, and the data content that the corresponding middle-end system needs to process will also undergo qualitative changes."

"Is it troublesome?"

"Always give up one..."

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