"Okay Bill, let's tell me about your situation first, there's nothing wrong with the personnel, right?"

Although Bill Miller is the head of the fund, the specific work must not be completed by him alone, so before Zheng Yan left the United States last time, he had already begun to let Bill Miller form a team.

"At present, in addition to me and Leslie, the fund has set up a team of 12 people, who are mainly responsible for the collection of various information in the later stage, as well as stock market investment management. It's just that the time is too rushed, and Yanhuang Investment really has no reputation, so most of the recruits are newcomers, and we still need to train ourselves in the later stage. ”

Speaking of personnel problems, Bill Miller also has a bit of a headache, those personnel who used to be in the Legacy Manson Value Fund are good, but how to say that they are also their old club, even if they leave, they really can't bear to dig into the wall of their old club.

Zheng Yan was not surprised by Bill Miller's answer, but he believed that as long as the investment in oil futures was over, many famous investors would come to him.

"Bill, don't you think it's better to do this, we cultivate our own talents, and they also grow with the company, so that everyone will have a stronger sense of belonging to the company. Maybe there will be some losses in the early days, but these are within my reach. ”

"Okay, let's not talk about that, let's talk to me about the current oil futures. ”

Bill Miller had long known the purpose of Zheng Yan's trip, and when he saw Zheng Yan mention the investment, he couldn't help but be much more solemn.

"After receiving your call, I have been paying attention to the oil futures market recently, and in the past week, the price of crude oil has basically remained at 21 to 21.5 US dollars a barrel, and there have been no major fluctuations. ”

"Seriously, I really don't see any investment value in oil futures, in fact, not just this week, even in the past few years, or even more than ten years, although the price of crude oil has been rising, but there is no big fluctuation. ”

Because Zheng Yan once shorted the Nikkei, Bill Miller has always believed in Zheng Yan's vision. After receiving a call from Zheng Yan and letting him pay attention to the oil futures market, he knew Zheng Yan's next investment plan.

Bill Miller spent a lot of time analyzing the production of world-famous oil fields, the discovery of new oil fields, and changes in the international situation, but no matter how you look at it, no matter how you look at it, no factors can affect the price of crude oil.

Zheng Yan was relieved to hear Bill Miller's words, and no change is the best result.

According to Zheng Yan's memory, after late July, because the negotiations between Iraq and Kuwait reached an impasse, the Iraqi side directly sent troops to put pressure on the border between the two countries, and since then, the price of international crude oil has begun to rise. In August, due to the breakdown of negotiations between the two sides, Iraq directly launched a war against Kuwait, causing crude oil prices to soar.

"Did you put all the money you gave you last time?"

Because there were too many funds in his hands, Zheng Yan was afraid that he would not be able to buy enough futures contracts, so he had asked Bill Miller to buy oil futures long before coming to the United States. In this way, even if the price of crude oil rises, Zheng Yan's own interests are first protected.

"I have already bought oil futures for all the two billion dollars as you instructed. ”

Speaking of the problem of funds, Bill Miller also complained, originally the two billion was Zheng Yan's investment funds promised to him, but before it was hot, it all became oil futures contracts. Fortunately, Bill Miller knew his identity, and although he did not agree with Zheng Yan's decision in his heart, he did not disobey Zheng Yan.

"Bill, this time I also brought over 10 billion US dollars, starting tomorrow, you put all this money into the futures market, and we will bet on a big bet on oil futures. ”

Zheng Yan's words startled Bill Miller and said: "Zheng Yan, are you sure? You must know that this time I have enabled ten times the leverage according to your requirements, that is to say, now you already have oil futures worth 20 billion US dollars, and if you invest another 10 billion, it will be 120 billion oil futures." ”

"Although the price of oil futures does not fluctuate much at present, even if the decline is small, with your investment method, you will still lose a lot. If you lose a dollar, you're going to lose more than half, and I think you'd better think about it. ”

Bill Miller even doubted whether he was right to choose Yanhuang Investment in the first place, in the past investment process, Bill Miller has always been prudent, which is also an important reason why he has never lost money. And Zheng Yan's current actions are not investments at all in his opinion, and they are no different from a gambler, but Zheng Yan made a shocking gamble, but Bill Miller didn't think Zheng Yan had any chance of winning.

"Bill, I understand your concerns, but I have my own judgment. In this case, we will limit it to one month, and if the international crude oil price does not appear within one month, I will stop this investment. ”

"As you just said, the international crude oil market has been quiet for more than ten years, and presumably within a month, there will be no sharp fall, even if there is a little loss, it will not have any impact. ”

Although Zheng Yan is aware of the direction of history, he must also take into account Bill Miller's emotions.

After hearing Zheng Yan's words, Bill Miller was a lot more relieved, "Okay, according to what you said, we will limit it to one month." But I have one more request, since we have different opinions, then we might as well bet that if I win, you will increase my funds by 50% later. ”

Although the money of the fund does not belong to him, it is good to have the right to dominate, and Bill Miller thinks that he will win the situation, so of course he has to take the opportunity to make a request.

"Miyuki, who do you think will win, me or Bill?"

Zheng Yan didn't answer Bill Miller directly, but asked Miyuki Aso on the side.

"Zheng Jun, I put all my property on this investment, who do you think will win?"

"Haha... Bill, you're going to lose this time, but even if you lose, I'll promise you an extra 50 percent of your money, and I don't have any investment plans at the moment anyway. ”

At the beginning, Zheng Yan promised Aso Miyuki that this investment would bring her, but in Aso's heart, she never thought that Zheng Yan would fail to invest, so she directly pressed all her net worth.

Although Bill Miller disagreed with Miyuki Aso's opinion, he was still very happy to hear that Zheng Yan promised to give him an extra 50% of the funds.