Chapter 0367: The End of the King of Speculation
The outside world is frosty like the end of the world, homeless people wander the streets, and in order to compete for the ownership of the swill bucket in the back kitchen of the hotel, some people even take out knives to fight to the death.
People living in high society still party, dressed in expensive dresses that ordinary people can't afford with a full year's salary, and laugh and sing in the glittering ballrooms of Waldorf Astoria, Roston, Ritz-Carlton, and Roosevelt hotels.
Sitting in the car home, watching the two homeless men fight for a piece of moldy bread, piercing each other's chests with rusty 'iron bars', until the blood flowed, they hurriedly stuffed the bloodstained bread into their arms and ran away in a panic.
Maybe he has children to raise, maybe he still has a family, maybe
Everyone has a reason to live, whether it is a winner or a loser, their mood is the same, sad, confused, painful.
But this is the reality, the reality that is always cruel.
Human beings are forgetful creatures, and time is the best healing medicine.
The tulip bubble of the 17th century, the capacity crisis of country Y in the 18th century, the financial crisis of 1895 and 1899.
In 1900, 1907, 1914, and 1921, there were still financial crises caused by various causes in Europe and the United States.
But people will never learn from it, just as people in the future will never learn from the Great Depression.
Those clever guys just need to take the old routine from centuries ago, repackage it, and put it another way......
Look, a new miracle is born.
The most interesting thing is that the financial crisis is like a vicious circle, and every few years or a decade, it comes back.
People are complaining, resenting the institutions or people who caused all this, or blaming the government for everything.
Then they tighten their belts, cut back on their expenses, and find more ways to save money to take advantage of the economic downturn.
When it leaves, the world suddenly opens up, and in just a few months to a year or two, it will be forgotten by 99 percent of the people.
A small fraction of these people are still vigilant and waiting, watching the economy recover, take off, go crazy, and finally collapse into the harvest season.
Every time this happens, the money in their pockets will increase by hundreds or tens of millions of dollars.
Standing in the luxurious office of a skyscraper, through the wide glass curtain wall, you can watch the ants at your feet open champagne to celebrate the victory.
Livermore was one of them, and his success in the stock market crash made him an "idol" to many of Wall Street's stockbrokers. β
But now the idol is in big trouble, and any action he makes in the stock market since the successful shorting of the Great Depression has ended in failure.
The original huge value of 1 billion US dollars has fallen to less than 30 million, and he has been mired in the mud of money and cannot break free.
The more he loses and loses, the more unwilling he is in his heart, and there is always a voice saying, 'You will do miracles again, maybe next time, next time.' β
The typical gambler's psychology made him gradually forget the experience and the risks, and his operation became blind and urgent.
So a sum of millions and tens of millions of funds were smashed in the stock market, in addition to causing the slightest ripple, the rippling splash soon returned to dead silence.
He has too many stocks in his hands, and as the situation worsens, his value is also shrinking.
By the time Livermore wanted to stop, it was too late.
His wealth comes from his success in stocks, but it's also stocks that have thrown him into the clouds.
It's a clichΓ© 'curse' that people will always stumble in what they are good at, and they can't afford to do it.
This reminded Li Zitao of the old stalk in the Internet in his previous life, "The people who overturned the car are all old drivers." β
As for where his money went, Li Zitao only knew that Wells Fargo Bank made a profit of 60 million US dollars.
In his private account in Switzerland, he has an extra 110 million US dollars, and as for the rest, the ghost cares whose hands it falls into.
After meeting Livermore for the first time on the Gold Coast of Chicago, Li Zitao smelled the smell of him, a faint scent of ink...
The aroma was familiar to him, the smell of money.
Human greed is endless, especially when it comes to great success, and the heart swells to the point where it is uncontrollable.
Livermore is a case in point, a sauce-stained, tempting 'steak' with countless people staring at him, sharpening their knives and forks waiting to share in this rare fat delicacy.
Livermore knew, he knew...
But he didn't care, "Who I am, I'm Livermore, I'm the king of speculation." β
Then, he hit the street gorgeously.
His every move is 'transparent' and traceable, and the predators hidden in the waterhole wield their sharp fangs, tearing layers of delicious delicacies from him when he is confident that he wants to replicate the miracle.
"If he doesn't stop, I'll have to tell the people at WF (Wells Fargo) to be careful. Ben's smile was a little heavy.
You can imagine the feeling of a hundredfold shrinkage, what is that like?
For a man who has had great success in the financial field, conceited, proud, it is even more painful than killing him outright.
"It was the butcher's knife he handed out himself. "Li Zitao is not a burden.
Livermore's biggest mistake was to overestimate his abilities and underestimate the influence and means of the giants in the financial field.
As for what he would think, that's not something they need to think about.
If you do business, you must first worry about whether the other party will commit suicide because of losing money, jump off the building, and whether the family will be ruined!
If you do a ghost business and give the property directly to the opponent, the other party will definitely thank you.
Then watch as you wander the streets without a permanent place, picking up trash for a living, and ending up stinking and rotting in some dirty alley.
"Well, he's a good man, and I'm saddened for his departure..."
Go home and have a party...
Celebrate with another bottle of champagne from your treasured collection.
"30 million US dollars, enough to maintain his wealthy life, set up a family foundation, and a children's college fund, etc., it depends on how he chooses. β
"Let our people stop, and then it's up to him to choose. "There's not much money left, so there's no need to be the executioner who pushes people off a cliff.
Three days later, Li Zitao saw a bad news in the newspaper.
Is the king of speculation destining himself by swallowing a gun, or is it the punishment of greed?
In just two years, the king of speculation has crossed the sky of the United States like a meteor, leaving a lot of ink on the history of Wall Street.
Whether people commented on him shamelessly, despicable, or great legend, his life came to an end at this moment.
The last 30 million also became confusing because of his sudden suicide at his home on Long Island, and the chances of his second wife and children getting the money back were slim.
It was a time when financial transactions were completely unregulated, and no one could have imagined that Livermore would choose to leave in such a way without making any arrangements.
Perhaps the long-term tension and failure have already tormented him inside.
But he at least chose a decent death for himself, and he looked much better than the man who jumped from the stairs.