A graduate of Harvard Business School, Mr. Sam worked at Citibank and then Morgan Stanley, and now heads Sumu's family office.

This kind of family office is equivalent to a private investment department, which only needs to manage Su Mu's wealth and does not absorb other people's investment, which is different from traditional funds and hedge funds, and the operation direction is basically the same, all for the purpose of earning more wealth.

The $3 million base salary given to Mr. Sam every year is not in vain, he is very capable, since the establishment of this family office belonging to Su Mu in 1994, the entire work team has helped Su Mu earn more than 5 billion US dollars, because it is not investing in the emerging IT industry, this figure is very considerable, and it still maintains a high growth rate.

At the end of 1995, Su Mu was in a good mood, and with a wave of his hand, he took out 50 million US dollars and rewarded more than 80 core employees, and even the interns who had just joined the company for a few months got a lot.

Buying horse bones has had a very good effect, and it is much easier to poach people from other places this year, and I am reluctant to let the child not be a wolf, and my efforts should be rewarded.

The building is only for their use, so the space is quite spacious, and the floor has been replaced with gold tiles with black stripes, and the whole building looks golden both inside and outside.

Su Mu was greeted by people constantly, he smiled and nodded one by one, and said in his mouth: "Sam, I'm about to get married, and the lawyer may come over recently to learn about the details of the proposed premarital property, and you can arrange someone to help cooperate when the time comes." ”

"Haven't you married Lily yet?"

Sam was surprised, he knew that Su Mu had a son who had brought him here to visit last year, and replied, "Okay boss, I will cooperate with them, but if you want to investigate our accounts, you have to sign a confidentiality contract first." ”

It's not surprising that the other party doesn't know the news that he is not married, Su Mu and Lily have been together for so long, many people think that the two of them have already been married in secret, for example, in Las Vegas, just spend a few dollars to register, many men and women who are carried away by alcohol and "love" impulsively register their marriage in Las Vegas, and the next day they meet together to divorce, so there are many men and women who are blackmailed by the other party for a large sum of money, and some scammers in Las Vegas specialize in this to make a living, and the routine is very deep.

"Don't bother so much, the general matters have been discussed, Lily's name will be added, what you were like here before, and what will be like in the future, there is not much change.

By the way, how's the business going?"

"Other investment projects are not bad, but the IT industry is not very good, and five companies are about to go bankrupt in the last month and a half. ”

Recently, Su Mu has been particularly concerned about the IT industry, the NASDAQ index has risen too fast, so fast that he feels anxious, just like the average house price in New York has risen to 200,000 US dollars per square meter, and the bubble is too big, frowning and asking: "Which five companies, what's wrong?"

Su Mu has set up an angel investment department, and has successively participated in many companies, because they are not listed, or the scale is too small, and the reduction of holdings in this part of the industry is not large.

There are five companies that are about to go bankrupt all of a sudden, the situation seems to be a little wrong, there are wins and losses in investment, he has seen the number of times during angel investment, which is equivalent to casting a wide net to catch a big fish, the success of a maple leaf shopping network has earned all the investment in the early stage, not that it is a loss, there are not a few rich people like him, such as a man named Sun Zhengyi.

An institution once did a survey and confirmed that the failure rate of angel investment is as high as 60 to 70 percent, but the rate of return is as high as 27 percent or more, and the assets have increased by 2.6 times in three or four years.

The companies that Su Mu invested in are all companies with good scale and market prospects, and those who looked away in the early years have long gone bankrupt, and five IT industry companies that are about to go bankrupt have appeared in quick a month and a half, which is a very, very bad sign.

Sam didn't rush to answer, and said to him: "I'll go to your office and talk about this first, I've lost a little money, about 220 million US dollars, and we're discussing internally whether it's worth continuing to inject capital and let those companies continue to operate to reduce the risk of losses." The media is always talking about how crazy Internet stocks are, but the media is not interested in these small and medium-sized companies that are about to go bankrupt, and in fact the chain reaction is already happening, people are only willing to focus on the good and not the bad. ”

This department, called Galaxy Investment, has a lot of seemingly useless financial experts and stock analysts, and Su Mu doesn't dare to say that he must be smarter than them combined, after all, he specializes in the art industry.

After hearing Sam's words, Su Mu's heart was not calm at all, and he had a premonition that what he was most afraid of happening was about to happen.

……

"The boom in the Nasdaq market is just an illusion, and wealth is accelerating to your Bee, OO, Microsoft, SUN, AOL and other companies, almost all of which are included in the 100 index, masking the weakness of small and medium-sized listed companies.

According to our tracking statistics, the number of bankruptcies of small and medium-sized Internet companies is increasing, and there are a number of listed companies that lack liquidity and have problems in the capital chain, and they have invested huge amounts of money while not having any channels to make money. Over the past few years, many investors have lost patience with them and instead invested their money in larger, more secure companies with higher returns, the ones that are included in the index. ”

Sitting in Su Mu's spacious office, Su Mu was checking the finances of the five companies, purchasing, bonuses, renting high-end office buildings, and one company even purchasing private jets to provide better travel services for the company's executives.

However, the total market value of that company is only more than 200 million US dollars, and a single plane has cost the company nearly half of its liquidity, and now it has only six figures left in its account, and it has sold the plane cheaply, and the liquidity in exchange for only one quarter at most, if you don't get more money, it will bottom out.

In the past, this was fine, but now that "autumn" is coming, the whole market is likely to fall into a cold winter, and it is not just one or two companies that will break the capital chain at that time.

He watched and listened, Sam continued: "I suggest that the funds be withdrawn quickly, even if there is a loss in front of the eyes, these IT industries with too big bubbles should be sold quickly, Penguin Apple I am not worried, its performance is growing rapidly, even if it is affected, it is only a temporary ......"