The subprime mortgage crisis intensified, with the resignation of Warren Spector, president of Bear Stearns, the fifth largest investment bank in the United States, on August 5, the real estate investment trust filing for bankruptcy protection on August 6, and the largest French bank, BNP Paribas, announcing its involvement in US subordinated debt on August 9. On August 10, the European Central Bank intervened. On the 11th, central banks around the world injected more than $326.2 billion in 48 hours to save the market, and the Federal Reserve injected $38 billion into banks three times a day to stabilize the stock market. Lehman, which was originally very energetic, finally turned off completely, and many companies on Wall Street began to lay off employees in order to save themselves. Galaxy Capital's four funds are also poised to attract talent and improve their organizations. Lu He, who had not yet become a naturalized American citizen, was also called to the mainland this time, and was invited to attend a seminar by the State Department.

Zhou Shi didn't have much advice for Lu He's return to China, he only knew that there was a subprime mortgage crisis, and he could make money through this crisis, as for how the country should deal with this crisis, he didn't have much idea, even if it was the four trillion that would be criticized in the future, he didn't know if there was really a problem. At that time, the whole world was printing money to inject liquidity into the market, and if the mainland did not print, would the domestic pressure be even greater? Will it suffer more losses? Knowing that he was not able to do so, Zhou Shi did not make a single suggestion. Oh, I mentioned it, I put forward a 100% correct plan, take advantage of Europe and the United States to take care of themselves, promote industrial upgrading in China, go abroad, aim at a good goal, choose a good time, and shoot when it is time to shoot. Don't develop real estate anymore!

There are two major events closely related to Zhou Shi in China, Jinshan was listed in September, and the shares of Jinshan in the hands of Galaxy Capital were ready to be sold at this time, and in October, Ali's B2B business was listed, and Galaxy Capital would also sell part of the shares, so that the proportion of shares held by Galaxy Capital would be slightly reduced, and it would be good to buy it back after the subprime mortgage crisis. Zhou Shi sometimes really wonders if those big companies have foreknowledge of the subprime mortgage crisis, but some people have no way to face such a crisis, and some people can still take advantage of it. Whether it is Li Jiacheng, the richest man in Asia, who raised tens of billions of Hong Kong dollars before the 87 stock market crash, or is now listed before the subprime mortgage crisis of Ma Ali. Was it all a coincidence? Or did Maali believe him?

Zhou Shi began to enter the market again after the price of crude oil fell below $70. This time he bought some options, bought more than 5,000 lots, and continued to increase his position to 10,000 lots after the oil price stabilized at $70. Counting options, there will be a total of about 30,000 lots of crude oil long orders. Options are more complicated, simplified to mean that before the end of the year, the oil price will exceed 80~90 US dollars, so he pays about 10 to 20 tenths of the price of the same futures margin to buy 20,000 crude oil futures at a price of 80 US dollars a barrel before the end of the year (or after the year). If the price of crude oil is lower than $80 by then, the premium paid by Zhou Shi is wasted, and if the oil price is higher than $80 (90) by then, Zhou Shi's profit is the price at that time minus $80 multiplied by 20,000 lots. However, Zhou Shi chose American-style options, and before the expiration date, you can choose a day as the transaction date, and the transaction cost is much more expensive than the fixed-date European-style options, and the cost of 20,000 crude oil options is only a few million. However, the margin of futures will be returned, and the transaction cost is a handling fee. The cost of an option is a cost, and it cannot be refunded. As for why not buy more, you have to find a reliable opponent who can trade. UBS has never been a first-class investment bank, and he is very happy to find so many contracts with the right value and guarantees. Future earnings from these options on futures are likely to pay off all the money he owes to Twitter and Lehman, and there's still a surplus.

Amazon's acquisition of YouTube relieved Zhou Shi. Every day is to enjoy the thrill of making money and experiencing the fun of learning, although I don't like Amazon's corporate culture, I feel very depressed, high standards and high intensity, etc., Bezos seems to be such a person: "You should go all out to work, and you shouldn't interfere with your work because of personal things." He did it himself, and then he rightfully demanded that others do the same.

All these made him not very comfortable, but in order to learn the essence of Bezos's management of the enterprise, Zhou Shi gritted his teeth and persevered. I originally thought that there was no overtime in Silicon Valley in the United States and there were a lot of vacations, but when I arrived at Amazon, Zhou Shi realized that these are all farts, who said that Silicon Valley does not work overtime, MMP, when the time comes, you will be asked to clock out and get off work, but you go on time to try! LP and personnel teach you the truth of being a man in minutes. Amazon's warehouse even prefers to arrange ambulances next to it for the sake of timeliness, but does not give employees holidays and rest.

MMP's, the black hearts of the capitalists are the same everywhere, and only laws and institutions are the most effective way to maintain order. Under the pressure of capital, personal morality will gradually extinguish conscience. The reason why Baidu in the previous life continued to infringe and do evil was not that the domestic legal system was too flawed and the punishment for large enterprises was too small. What would Robin Lee choose in such a legal environment, morality or money? We can't expect every entrepreneur to have a great personality, Robin Lee's choice can only be said to be an ordinary businessman. Just like Brother Pony can also unscrupulously poison primary school students for money, and at the same time make more influential media selectively shut up, such as the Communist Youth League. Not everyone is Ma Ali, and not all companies are Huawei. We should pay more attention to the improvement of the legal system. It is hoped that the court will not use the excuse of wasting legal resources to make professional anti-counterfeiters disappear, and provide protection for counterfeit and shoddy enterprises in disguise. In the final analysis, most of the problems of domestic enterprises are legal problems, and if the law punishes illegal enterprises more severely, perhaps there will be much less such things as Changchun Changsheng vaccine fraud.

Amazon is perhaps one of the best-managed companies in the world, though YouTube hasn't moved to Amazon's headquarters in Seattle, the rainy city. Zhou Shi learned a lot from their rules and regulations, not to mention that he also interned for many days in Amazon's customer and other departments. He also really felt the difference of Amazon, for example, there is a very popular self-operated product, and the background shows that several customers have complained about the same problem several times, and the customer Xiaomei next to Zhou Shi actually directly removed this product from the shelves. She didn't apply to her superiors at all, and the explanation was only shown in the reason for the removal. What's more, this customer girl is still accustomed to it, and she doesn't think it's an important thing.

Mom sells batches, and an ordinary front-line employee can make such a "significant" decision, which is incredible in China. You must know that the grassroots employees of general domestic companies are under the management of layers and layers, and only God knows how much real power front-line employees can have.

Bezos's meticulous image of ruthlessness and safety allows Amazon to move beyond the temptation of short-term profits and leave plenty of room for maneuver in the future. These may be the foundation for Amazon's greatness, far more than all the companies under Zhou Shi, greatness is not without reason, after the wild growth, you still need to practice your internal skills. The development of time and fruit shell needs more effort!

(End of chapter)