"Would you really like to take over Newsweek, knowing you don't have any media experience?" said Donald Graham.

"Of course, since it's been decided, I won't regret it. "Zhou Shi

"But the likelievability of Newsweek making a profit is too slim, at least not for me. Donald Graham said honestly

"Making money is a big problem, even if I can't think of a good way, this is the impact of the development of the times on the traditional paper media!" Zhou Shi, in fact, for this industry, the most essential change is actually the irreversible change of technology has led to irreversible changes in the way of information dissemination, and the irreversible change in the way of information dissemination has led to irreversible changes in people's channels, methods and habits of obtaining information. The irreversible mutation of ways and habits has led to an irreversible revolution in the way information is produced and exported. These four are irreversible and there is hardly any possibility of improvement.

"And you're going to buy it? You don't have to. "Donald Graham

"Newspapers and magazines are a memory of an era, and they shouldn't be eliminated like this! I want to try to see if I can find a good way. "Zhou Shi

"Okay, I won't persuade you, now let's talk about the price! After all, this is a well-known magazine, and you are Chinese. "Donald Graham

"Say it!" Zhou Shi, although Newsweek is very famous, because it used to be brainless against the US government, it has suffered a great blow in terms of key advantages such as government resources and government public relations capabilities.

"Ten million dollars!" Donald Graham

"It's still 100 million dollars, in addition to debt insurance and other issues, you have to help us more, including some information support, and if you want to sell the Washington Post one day, I want to have priority. Zhou Shi thought about it and said, and some of the things that were not detailed were the reduction of employees' pensions, the cancellation of medical benefits for retired employees, and all kinds of untimely preferential treatment for in-service employees.

At this time, Newsweek's debt was around $70 million, and such a long-term loss-making business had little value. Historically, it was sold to a wealthy American man at the end of the year for $1, and two years later, the publication of paper magazines was stopped. But there must be many differences between selling to white Americans and selling a yellow Chinese, and when they are completely desperate a few years later, perhaps most of the print media can no longer care about Zhou Shihua's identity, but it is almost impossible for those media magazines with huge influence to sell to Chinese people. Even the Chinese have big restrictions, Bezos bought the Washington Post for only $250 million, and Huang Xinxiang, a Chinese billionaire in California, bought the Los Angeles Times, one of the three major newspapers in the United States, the New York Times and the Washington Post, for $500 million, and this is after several years of continuous depreciation of the print media.

Zhou Shi used 30 million US dollars to buy a magazine that did not have much trouble, and let it carry out some Internet thinking transformation, which may make the annual loss of funds less. As for making a profit, let's wash and sleep, this kind of hellish difficulty challenge is not something that a person of Zhou Shi's level can do. But sometimes, these seemingly worthless things can always work in unexpected places. As for how much he loses by doing this, it depends on future development.

In addition, this is really not an industry that everyone can buy, Huaxia's Southern Press Group, and Chengdu Borui Media wanted to cooperate in the acquisition of Newsweek, and then for well-known reasons, it was directly rejected. As for why Zhou Shi was able to buy it, I don't know, there must be other factors besides the price. At least he's not the only one who is being boycotted by mainstream American groups right now.

"Well, in that case, I'll take care of all the troubles for you. But don't you want to meet with Warren Buffett?"

"How is it possible, the main reason is that I am too busy during this time to find the right time. Zhou Shi didn't expect Graham to have a relationship with Warren Buffett, so it can be seen that the six-dimensional space theory is still quite interesting, and other important people can be contacted through a few people.

Taking advantage of the gap between acquisitions, Zhou Shi went to visit Buffett.

You don't have to send money to have lunch with Buffett, and when you think about it, he can make millions without doing anything. I thought Buffett was looking for something about himself, but I didn't expect it to be some gossip.

"How did you make your first pot of gold?"

"If you do well in reading, the school government has rewarded you. Zhou Shi is honest, and the money he earns from Alibaba is just used to maintain normal living expenses.

"You mean scholarships?" Buffett

"I should say that there are a lot more than scholarships, the tuition fee for a year is about 700 US dollars, but I received more than 15,000 US dollars from the local government and the school. "Zhou Shi

"You got the $15,000 in 2003, right?"

"That's right, in the summer of 2003. "Zhou Shi

"Seven years, 16 billion US dollars, and even 2~3 so many, I am very curious about your achievements, how do you do with this money?"

"It's nothing, I speculate on crude oil and gold futures through a foreign exchange trading platform. Zhou Shi didn't think that there was anything wrong with not trading foreign exchange in the foreign exchange trading platform, and he still didn't understand the law of changes in foreign exchange prices, so there was no need to play.

"It's a high-risk industry, so you're not losing money?"

"I don't remember, I don't remember if I ever lost money, but I definitely made it in the end. And since I made the first money, I took out the capital, almost every time it is a full position transaction, even if the position is liquidated, it will not be lost!" Even if there is a black swan event, it is very unlikely that you will not have time to close the position, because most of the time when the full position is liquidated is at the beginning of the market.

"You're so bold. "Warren Buffett

"It's not bold, mainly because I think that a sharp rise in oil prices is a high probability event, and the world is not fully prepared for the rise of China, and the price of commodities will naturally rise. "Zhou Shi

"So you're going to continue to be long oil?" Buffett

"Of course, I learned a sentence from a Chinese philosopher, that is, the unity of knowledge and action, that is, to combine one's wisdom and behavior. "Zhou Shi

"The unity of knowledge and action? What a brilliant insight! Huaxia is really a magical place. Warren Buffett said with emotion

"It's not amazing at all, we just have thousands of years of knowledge, and there is nothing strange about human history. "Zhou Shi

(End of chapter)