Chapter 125: The Butterfly Effect
David Einhorn's last words attracted the interest of the Wall Street Journal reporter, who kept silent when asked about the name of the agency.
For this kind of false and real words, the daily reporter naturally has a way to verify, and no secret can easily escape the pervasive investigation of Wall Street reporters.
The daily reporter thought that Einhorn's refusal to disclose it was because he was afraid of the other party's forces, but the clues obtained through Lehman's internal Deep Throat were shocking.
After Lehman entered the bankruptcy procedure, the company's various liquidations were also launched, and through the clues provided by the internal Deep Throat, the daily reporter found that two days before Lehman announced his "death", a hedge fund registered in Hong Kong had been constantly sweeping the market.
At this time, who else dares to keep buying, and who else is so resolute except for the short institutions to repay the securities company? After the investigation by the reporter of the Daily, the Black Panther Fund once again appeared in the field of vision of the news media.
After the Wall Street Journal published an interview with Einhorn, the newspaper's sales soared. In an era of declining print media, only more exciting topics can boost sales, so the Wall Street Journal immediately published an eye-catching article "Who is the real king of bears".
In this article, the process of the Black Panther Fund's short selling of Bear Stearns and Lehman Brothers has been completely restored, and the Daily reporter used a timeline to pair the opening and closing of the Black Panther with the key time nodes of these two companies.
The Daily reporter even dug up the fact that the Black Panther Fund was ridiculed by other Wall Street tabloids when it shorted Bear Stearns.
"Apparently they've looked away and made a big joke!" said the Wall Street Journal of its peers.
After the article was reported, it caused an uproar in the Wall Street investment community.
Some people questioned the Wall Street Journal for deliberately fabricating fake news for the sake of sales, while others desperately tried to pull the matter politically, shouting that this was a financial war and that the Eastern powers had shorted Wall Street......
Wall Street rumors quickly caught the attention of the Securities and Exchange Commission (SEC), which even sent someone to collect the trading records of the Panther. At this time, Ding Le and his party had already left Manhattan, and the SEC's move had no real impact on the Panthers.
After Gao Renqiang closed all the positions, when Ding Le saw the Wall Street Journal's interview with David Einhorn, he suddenly had a feeling that he was being targeted.
Especially after he witnessed the bankruptcy of Lehman Brothers and the huge amount of money in the company's account, he was actually a little timid in his heart, he was not exposed to his wealth, and he was not arrogant, Ding Le decisively led everyone to fly back to Hong Kong.
When the group returned to Hong Kong and saw the Wall Street Journal publish the article, Ding Le suddenly thought of the term butterfly effect.
The butterfly effect was first proposed and analyzed by American meteorologist Edward Lorenz in a paper in 1963.
The most common description of this effect is: "A butterfly in the Amazon rainforest of South America, with a few occasional flaps of its wings, can cause a tornado in Texas, USA, two weeks later." ”
Although the short-selling behavior of the Black Panther was not the root cause of Lehman Brothers' demise, the Black Panther Fund has been demystified after the Wall Street Journal's publicity report.
When the Wall Street Journal article was reprinted on the Internet, it attracted the attention of financial media in Hong Kong and mainland China.
The bankruptcy of Lehman Brothers triggered a worldwide financial tsunami, and Hong Kong, as an international financial center, was not immune. Now that Wall Street has suddenly broken such exciting news, the local financial media on Hong Kong Island are like sharks that smell blood. They have inquired and verified what the Black Panther Fund is, and when did such an ungodly private equity fund appear on Hong Kong Island?
The financial media in the mainland began to have a bit of a taste of watching the fire from the other side, but when Old Wave Finance published an article on its website - "Black Panther's Guide to Collecting Milky Way Constellations", all the media were not calm.
Previously, Lao Lang reported that Galaxy Investment bucked the trend and increased its weight in Internet companies, and within a year of continuous investment in Qiandai.com, Kaixin.com, and Autohome, which has attracted widespread attention from domestic counterparts. Now it has suddenly been revealed that the shareholders behind Galaxy Investment are still shorting Wall Street investment banks, and financial reporters have fallen into a collective frenzy.
Just like a few years ago, the flyer Liu Xiang broke the Olympic record with a time of 12.91 seconds and won the gold medal in the men's 110-meter hurdles at the Athens Olympics. The news of the flyer's victory came back to China, and the whole country was jubilant, this is the first men's Olympic champion in China's track and field event, creating a myth for the Chinese in the men's 110-meter hurdles event.
In the hearts of financial journalists, Wall Street will always be an unattainable place, and the institutions that enter and exit Wall Street are internationally renowned investment banks and hedge funds.
Soon the Black Panther, located in the International Financial Center, received an interview invitation from the media, and even reporters began to appear waiting downstairs in the IFC.
Ding Le saw that the financial media in the East and the West were hyping up the Black Panther's shorting of Walki, and he understood that this time he was being used as a shield by Greenlight Capital.
Shorting is a common way of operation in the capital market, but at this time, even if it is not malicious, it will inevitably not be hated by some people, which is why he decided not to short in China from the beginning.
In the nineties of the last century, Soros's quantum fund set off a financial war around the world, sniping and shorting the currencies of various countries, sniping the British pound in 1992, strangling the Thai baht in 1997, and shorting the Hong Kong dollar in 1998.
Ding Le is not like that kind of person, no matter where he goes, he is remembered by the supervision of various countries.
"BOSS, I've already received interview invitations from more than a dozen media, should we just hold a press conference? Otherwise, I'll be annoyed to death by them!" Gao Renqiang's Gangpu is always so full of charm.
Ding Le looked up at Victoria Harbor outside the window, and said calmly: "Are you annoyed?
After returning to Hong Kong, Ding Le decisively fulfilled his previous promise, and he took out 10% of the short-selling income and gave cash rewards to the team of the Black Panther Fund. Black Panther gained nearly 10 times the profit in this round of shorting, Gao Renqiang and the entire team shared $50 million, and the least person in the team also shared $1 million less this time.
There are many types of housing in Hong Kong, public housing in Hong Kong is named after "estate", HOS is named after "court", and the rest are private buildings, and private buildings are divided into tenement buildings and western-style buildings. In the past, Gao Renqiang lived in a HOS house, but now that he gets this money, according to the current average property price on Hong Kong Island, it is proper for him to buy a thousand-square-foot mansion, so Ding Le will ask such a question.
When it came to buying a house, Gao Renqiang responded enthusiastically: "I'm looking at the high-end community in Repulse Bay, and the brothers have shared the money, and they are mainly buying real estate, and they are very grateful to you now!"
"How many years have they been in this business, it is better to be with you for a year, and now you let them kill people and set fires, and they will not frown!"
Looking at Gao Renqiang's exaggerated appearance, Ding Le couldn't help but be a little amused, he smiled and said, "We are legitimate investors, how could we let them do that kind of thing?"
"The matter of the reporter's interview, you can slow down a little longer, let me think about it for a while!" Ding Le rubbed his temples with his hand, pondered for a moment and said......