Speaking of Warren Buffett.

Han Chudong's impression of him is a white-haired and fat old man, who looks kind and rich, so rich that others admire him.

As early as last year, Han Chudong saw his photo in the newspaper, and if it wasn't for his name written on it, he wouldn't have recognized it at all.

Instead of keeping an office for his own use on Wall Street, he borrowed his office for reception, and in recent days has met with some potential investors and is trying to raise a second tranche of funds.

The total amount is still US$100 million, with an agreed capital preservation, a lock-up period of up to five years, and a minimum investment amount of US$2 million.

Never underestimate the number of rich people.

Since its establishment, the rate of return has exceeded 8 percent, and it has attracted a little bit of capital from others, and has been quickly subscribed for more than $21 million, and Citibank also has investment intentions and is under negotiation.

It was just to make friends and win over some people and make a little money by the way, so Han Chudong was willing to start a private equity fund in one more move.

He didn't care at all about how much money he could raise in the end.

What is certain is that if the future is similar to what he remembers, then the group of people who choose to refuse or wait and see for the time being will definitely lose a lot.

Warren Buffett arrived ten minutes early, middle-aged appearance, Sanqi development type, with a pair of glasses on the bridge of his nose, a little handsome, and most of his appearance when he was young was not much worse.

After he entered the office, Han Chudong took a serious look.

Speaking of which, at the end of last year, Han Chudong also took Warren Buffett as a target, wondering when he would be able to earn nine figures, but he didn't expect happiness to come so suddenly, and he quickly surpassed the small goal without paying attention.

Sitting face-to-face, Buffett also brought his partner Charlie Munger with him.

Charlie Munger, who had just passed his fiftieth birthday at the beginning of the year, said politely at this time: "I received news that Mason you are preparing to raise a sum of money, judging from your achievements, it should be very easy, in this economic situation to promise to protect the capital, it is a very bold move, but I have analyzed the companies you have invested in, the performance is relatively good, and the development prospects are quite optimistic." ”

When a businessman sees a businessman, the topic is mainly focused on business, and there is nothing else to talk about, and the age gap is there.

Han Chudong replied: "The currency depreciation is so fast, it is not very attractive to protect the capital, this is a new company, many people are still difficult to make up their minds, but I think my investment vision is relatively good, so some people are willing to believe me." ”

Without praising how powerful the two of them are, a twenty-year-old super-rich man praising how successful the two middle-aged and elderly people are, isn't it tantamount to a slap in the face.

After Warren Buffett bought Bergshire Hathaway, a textile company, he spent $8.6 million in 1967 to acquire the National Insurance Company and the National Fire and Marine Insurance Company, and in 1972 he bought a candy company.

"I also believe that you are a very good investor, to be honest I have collected all the information related to your business, its development speed is simply unparalleled, the industrial structure is also very healthy, can bring a lot of money, the most admired thing is that you don't even have to be constrained by other shareholders, you can meet the needs with your own funds and bank loans. ”

Warren Buffett, who said this, took a sip of coffee to moisten his throat, and added: "This confuses me about today's meeting, in my opinion you don't have anything to do with us, why arrange this meeting?"

"Of course, it's investment, and I'm bullish on Berkshire Hathaway's insurance business, and I'm also bullish on the candy company called Joyce. If you want to invest in your listed company, you should always say hello in advance to express courtesy.

According to the information I have gathered, the stock price has been falling in the past two years, from $90 to $58 now, which does not prevent me from being optimistic about the long-term prospects of your company, and if nothing else, Berkshire Hathaway will be added to the investment list of this private equity fund. ”

Han Chudong really wants to invest, not that he thinks Buffett's vision is good, he thinks that no one can compare in this regard, but he has long been staring at the insurance business, and Bergshire Hathaway happens to have a very good insurance subsidiary.

Munger and Buffett looked at each other, and they both saw the surprise in each other's eyes.

Charlie Munger, a short white man, said: "Thank you for your support and respect, and take the liberty of asking, if you choose to invest in us in the end, what will be the specific amount? ”

"The initial investment is about 10 million US dollars, I haven't considered it yet, but it will be like this, please keep the news secret for the time being. ”

As soon as Han Chudong's voice fell, Buffett nodded and said: "Of course, please believe in my professional ethics and Charlie's professional ethics, we have never been willing to do anything that violates the financial order." It would be great if you could buy some outstanding shares from the market, and if you were to contact other shareholders, I would be willing to communicate on my behalf, and I agreed with Charlie not to reduce my holdings for 10 years, and I am full of confidence in the future of Berkshire Hathaway. ”

When the economic situation is tough, the presence of a strong and well-known investor to support you is good news in itself.

Most investors like to blindly follow and only want to see news that is good for them.

If Han Chudong is willing to buy $10 million worth of stocks, it will reassure retail investors and brokerages who hold Berkshire Hathaway shares, and fewer people will sell stocks, which will help keep the stock price stable.

People only know Warren Buffett, but few people know that he has a smart partner, Charlie Munger said frankly: "If you know the situation of our company, you should also know that the reason why the stock price has fallen recently is also related to the loan acquisition at that time, a short-term loan with a total amount of 14 million US dollars is about to expire, and we are communicating with the bank to continue to borrow a sum of money to repay the loan." In terms of capital flow, our company was a shortcoming, and we did not consider it well at that time, ignoring the possible financial risks.

If you can put in more money and give Berkshire Hathaway a lot of financing, I believe that when this crisis is over, it will bring you a lot of money, and there is nothing wrong with our company itself. ”

With his fingers tapping on his desk, Han Chudong asked a seemingly unrelated question: "Which bank do you get a loan from?"

“…… Lehman Brothers, in fact, is a good deal, and the interest rate when borrowing is not as high as it is now. ”

Han Chudong nodded to indicate that he understood, and said:

"With your debt ratio, the loan should be fine, and I can help say hello and contact the bank. Financing is possible, but I hope you don't rush to repay the loan, and use your capital to invest in investment opportunities, take advantage of the market downturn, merge and acquire other high-quality insurance companies, and focus your business on this aspect in the future.

As for the funds, I really don't have to worry too much, I am willing to give some support. Too much money can be a bit of a hassle, and it shouldn't be a big problem to take out forty or fifty million dollars at any time......"