If Han Chudong is willing to help solve the problem of capital, from the perspective of Munger and Buffett's long-term research and investment, they also believe that it is more important to buy low-priced high-quality assets at this time.

The two looked at each other again, and they had already developed a tacit understanding in their long-term relationship.

Buffett knew that Munger thought the same as he thought, so he opened his mouth and said: "A long golden period has ended, the major indices have been slowly falling recently, and more importantly, investors' confidence has been destroyed. ”

"Yes, just as I am now focusing on your Berkshire Hathaway stocks, you can also pay more attention to insurance and brokerage stocks in the near future, and wait until you think the time is almost right to start, the key now is oil and the Fed's decision, I am optimistic that by next year, the market should be able to recover, and my financial advisers also think so. This period of rate hikes has already affected the global economy, and the Fed is likely to free up more money to the market for us entrepreneurs. ”

Such opinions have spread across the mainstream financial media.

Han Chudong is not an analyst who knows everything, but he understands that if the benchmark interest rate remains so high, not only businessmen will be unlucky, but also investors, who have already been angry about the decisions of the last "big steward" in Washington, and the Federal Reserve has also become the target of criticism.

The one who supported the arms and oil dealers has now stepped down voluntarily, which shows who is the winner of the game behind it.

Since last month, Getty Oil, Mobil Oil, and Exxon Oil have led the decline, causing the entire sector to fall. With the support of the ferocious imaginary enemy to the north, and the increasing amount of official purchases, everyone except Boeing is in a quagmire.

Businessmen, especially those involved in financial investment, must understand the domestic market environment as well as the global environment, and Mason Associates has more than a dozen analysts of all kinds who specialize in these things all day long, regularly submitting their analysis and recommendations to Han Chudong and other executives, and occasionally spending money to buy intelligence from more well-informed consulting firms.

Warren Buffett apparently understood this and asked, "I understand your thoughts, and I will definitely choose the right time to start." Your financing can be used in the insurance industry, but I want to know how much money is expected to be raised and how long it will take to get it?"

"In November, or December, I will inform you in advance, and if it is financing, the amount can be 15 million to 20 million US dollars, depending on what you two think. ”

“…… Good. ”

————————

After a short exchange.

As he entered the elevator and went downstairs, Munger said, "I think Mason Han is really a shrewd businessman who wants to wait and see if our company's stock price continues to fall." ”

"This kind of thinking is normal, isn't it? Our company has no good news to support, the performance of blue-chip printing companies has shrunk significantly, and more importantly, there is a lack of floating gold sources, Mason himself just said, just pay attention to us in advance. ”

Warren Buffett sighed, pondered for a few seconds and added: "If you don't have to worry about capital, in fact, it is better to let him buy other people's shares by himself, and our shares in the company will shrink after financing and issuing new shares, but fortunately, with his joining and solving the financial problem, the stock price should be able to recover a part, and it can also expand the market share in the insurance industry, which is more beneficial in the long run." ”

He was rational, and Munger was not bad, and said in an approving tone: "Overall, it should be a good thing, investors like him who have cash in hand will be welcomed everywhere." If it weren't for the fear that the little Chinese guy would be angry, I really wanted to use the news of the financing to stimulate the stock price to rise, and then he would definitely get fewer shares. ”

"Then the final result must be abandoned, Charlie, don't mess around......"

Buffett and Munger are pondering, while Han Chudong is much calmer.

If it is for his own investment, Han Chudong will most likely directly acquire the shares of some high-quality insurance companies, and there is no need to use Berkshire Hathaway to achieve the layout.

However, this fund comes from Mason Private Equity Fund, only a small part of the assets belong to Mason Associates, almost 40 million US dollars, and the other more than 100 million US dollars of metal is owned by other individuals and enterprises, and he only has the right to charge management fees and transaction fees.

Therefore, Han Chudong is too lazy to spend much energy to take care of it personally, anyway, he can make money, and he can outperform the market and similar companies.

The entire Mason Private Equity Fund currently has only 30 employees, including lawyers, accountants and secretaries, and the office area is only more than 200 square meters.

These profits can also be used for investment in the future......

Thinking about it this way, it should be good in the future, but in fact, at first I just wanted to bring others to make some money and buy some connections.

After reading the financial statements, I lay down and rested for a while, and I was still a little angry when I thought of being sneered at by the editor-in-chief of that newspaper in the morning.

Immediately, he asked Arthur's assistant to help collect information, saying that he wanted to buy shares in some mainstream newspapers, and first find some information for himself to see, especially the data behind the Wall Street Journal.

Today's schedule is all focused on the morning.

After talking with several representatives of the New York Civil Servants Retirement Fund, Han Chudong got about $7 million in subscriptions, these official and semi-official foundations have a long history, and the funds on hand are also very abundant, take the Los Angeles Employee Pension Fund and the California Teachers Retirement Fund, for example, they subscribed a total of $13 million from the Mason Private Equity Fund half a year ago, and so far they have made a profit.

These organizations are not short of money, but they lack sound investment opportunities, and Han Chudong's commitment to capital preservation with Mason Associates as a guarantee is very much in line with their needs.

People may not care about the depreciation of purchasing power by 10 percent or more, but if a hundred dollars become 95 dollars, and they are intuitively aware of the loss, then these fund managers may lose their jobs.

Therefore, under the premise of agreeing on the minimum principal guarantee, the managers of these organizations are willing to provide some funds to test the waters, and at the same time, they may also obtain higher returns, while other fund management companies will invest most of their funds in currencies and bonds, although they are safe, but the profits are often smaller.

The reason why the last $100 million raised was so smooth is mainly because although Mason's private placement project is aggressive, it also provides sufficient protection in the securities financing market.

This time, another $100 million was raised.

With traditional funds collectively suffering losses, and Mason Private Equity outperforming bank rates this year, it has become easier to find money, and some people are beginning to believe that Han Chudong, the third richest man in the United States, who "got rich in a year", can really get them a satisfactory return.

That's right.

With the decline of the broader market, pharmaceutical stocks are in a recession, and the second richest man, who inherited a large amount of money, has fallen to fifth place.

It seems that there is also news of the recovery of inheritance tax, and if you are stabbed, you may not even be able to keep the top ten positions......