Chapter 272 from Warren Buffett's investment

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Guo Shouyun quickly finished breakfast, reviewed the things that needed to be done today, and began to get busy.

At around 9:30 a.m., Warren Buffett and Charlie Munger, two guests valued by Guo Shouyun, let him temporarily take a break from his busyness.

"Mr. Buffett, Mr. Munger, welcome!"

"Thank you!"

"You two may be seated!"

After a simple handshake, Guo Shouyun beckoned the two to sit down on the sofa in the living room.

"Mr. Buffett, I have Coke here!"

Warren Buffett smiled, and all Americans knew he loved Coke.

"No, just like you Chinese people say, 'follow the customs', I'll also drink tea together!"

Guo Shouyun nodded, "Mr. Munger, what about you?"

"Me too!"

"Wendy, make a pot of Biluo Spring!"

The latter nodded and turned to leave.

"Mr. Buffett, Mr. Munger, I have heard the names of the two for a long time, and I have always wanted to visit, but I can't always find time. Originally, I wanted to wait for this period to be busy and let Mr. Lu Simi introduce us to each other, but I didn't expect the two of them to visit in advance, what an honor!"

"Mr. Guo is polite!, you don't think we're presumptuous, it's already very good!" said Charlie Munger.

"Hehe, Mr. Munger is serious. These two are distinguished guests that no one can invite, how can I feel presumptuous!"

"Boss, Mr. Buffett, Mr. Munger, the tea is ready!" Wendy walked over and said.

"Two, come and have a taste, I specially ordered the top green tea Biluochun from Huaxia!"

Buffett and Munger nodded, and the three of them took a sip from their respective teacups.

"It's good, but it feels a little sweet, do you put sugar?" Buffett said in surprise. He knows that Chinese tea has never been sweetened.

"I'm afraid that the two of you won't be used to the bitter taste of tea, so I put some red dates in it!"

"I see!

"It's good if the two of you are satisfied!"

After the three of them each took a sip of tea in their cups, Buffett and Munger glanced at each other, and after a brief greeting, they also planned to get to the point. After all, everyone's time is precious and can't be wasted.

"Mr. Guo, can you talk about the topic of Pan Pacific Energy Group?" Buffett began.

Guo Shouyun's heart moved and nodded.

"Of course!"

"What are your plans for the future of Pan Pacific Energy? ”

"We have discussed this since the beginning of the Pan Pacific Group. Over the next 10 years, Pan Pacific Group's business will be structured around three main business directions: energy, utilities and energy trading!"

"Can I understand it as electricity production, gas and electricity services, and electricity and gas trading sites?" Buffett asked further.

"At present, yes, but it is not ruled out that there will be upstream and downstream business expansion!"

"What Mr. Guo means will be involved in transportation and natural gas production in the future?"

Guo Shouyun nodded, "The future of Pan Pacific Group is a comprehensive energy service company. ”

"Similar to ExxonMobil or Chevron?" said Charlie Munger suddenly.

Guo Shouyun shook his head, "No, the focus of Pan Pacific Energy has always been on public services and electricity, and production will be an important piece of the group's puzzle. At the moment, and even in the next decade, the production of energy, especially gas and oil, is not our focus!"

"And what about ten years from now?"

After glancing at Charlie Munger, who had sharp eyes, Guo Shouyun smiled indifferently: "Ten years is already a long time, as for what will happen in ten years, who knows." It depends on the situation!"

After listening, Buffett and Charlie Munger glanced at each other, and the former said, "Mr. Guo, can we take a look at the current financial statements of Pan Pacific Energy Group?"

"Mr. Buffett is interested in us?"

"Of course!" nodded without hesitation, "After a series of acquisitions, Pan Pacific Energy now owns nearly 40% of the electricity and natural gas users in the United States, far surpassing the second-place Duke Energy, and even more than the top five utilities except for Pan Pacific itself. Although this cannot be called a monopoly yet, it also constitutes a powerful core of the business. In addition, after a series of mergers and acquisitions, you have a power production capacity of nearly 60,000 per megawatt hours, which is a great quality asset. Finally, building on these two assets, Pan Pacific Group's energy trading website is also gaining more and more users, which can be called a good development. So, all in all, Pan Pacific Group is a quality company that is well worth investing in!"

After listening, Guo Shouyun thought for a while, "I am very grateful to Mr. Buffett for his affirmation of our company." However, Pan Pacific Energy now has more than $50 billion in foreign debt, we have lost a lot of money from the previous California energy crisis, and we have a lot of aging equipment within the company that needs to be updated. … So I'm curious, in a situation like this, does Mr. Buffett still think we have investment value?"

"If it had been before, I would have had some doubts about investing in Pan Pacific. However, after getting to know Mr. Guo, it strengthened my investment confidence!" Buffett laughed.

"Oh, I want to hear about it!"

"First, utilities and power are relatively closed and very competitive. Therefore, the performance is also relatively stable. In fact, what Mr. Guo doesn't know is that if you hadn't bought Southern California and Pacific in the first place, I'd probably invest in them. ”

"So I'm glad I'm one step ahead?"

"This is because Mr. Guo is more courageous and courageous! I decided to reinvest in the shares after the end of the California energy crisis!" After a pause, "Second, Mr. Guo has a talent in financial investment that is difficult for others to match, and I still remember the shocking 14.23 billion last night. And with this part of the external investment, coupled with the return to normal profitability of the Pan Pacific Energy Group itself, it can be said that its future is destined to be even more brilliant than it is now. ”

"Thirdly, despite the continuous expansion of Fan Taiping Energy Group during this period, the structure and personnel have become more and more complex. But at the same time, I have noticed that you are constantly changing the management structure of the company, eliminating unqualified employees, optimizing the efficiency of the company, and reducing expenses, which are all behaviors that should be done by a successful company. So, I'm going to get my hands on the preferred shares of Pan Pacific before anyone else notices this opportunity!"

“…… Is Mr. Guo satisfied with my explanation?"

After thinking for a while, Guo Shouyun nodded.

Mr. Buffett's answer was beyond my expectations. ”

"Does Mr. Guo agree with our Berkshire Hathaway investment?" Buffett then asked.

"With Berkshire Hathaway's reputation, if you're going to invest, I'm willing. However, now Pan Pacific Energy Group has been delisted. In addition, we have been expanding continuously during this time, and the management reform has not stopped. So, there is no accurate figure to assess the value of Pan Pacific Energy Group. So if Berkshire Hathaway wants to invest, it may have to wait until we stabilize a little bit!"

Buffett and Charlie Munger frowned at the same time.

"Mr. Guo, nothing is as important as time. So, we don't mind waiting, but we need an exact time!"

Munger's words represent that he is singing blackface in this negotiation. However, Guo Shouyun also understands the importance of time. After a brief consideration, "Two months, two months later, we will officially start financing negotiations!"

"Well, we can wait two months. … Hope we can cooperate with Mr. Guo!" Charlie Munger.

"Of course, that's what I expected!"

At this point, the formal business is over. The three of them chatted casually, and stayed with Guo Shouyun to have lunch together, and then the two said goodbye and left.

"Boss, do you really want to bring in Berkshire Hathaway's investment?" Wendy, who was standing behind Guo Shouyun, said with a slight frown.

"Of course!"

"But we're not short of money!"

"We don't have a shortage of money, but wouldn't it be better if we had more money to put in? Besides, Buffett's Berkshire Hathaway is a purely financial investment that does not jeopardize our control over the Pan Pacific Group. In that case, why should we extrapolate? Moreover, with Berkshire Hathaway's influence in the United States, and even in the world's business community. Its investment can greatly enhance investors' confidence in Pan Pacific Group. At that time, it will be much easier for us to issue corporate bonds for financing than it is now. Guo Shouyun said with a smile.

Actually, there was one more sentence he didn't say. Bringing in Berkshire Hathaway's investment in the Pan Pacific Group is not only a way to get a financial backing for the company's growth, but also to find a political ally for itself. When necessary, as a collaborator, he can ask for help from Warren Buffett and Charlie Munger.

"By the way, boss! I just received a message from Zhang Lei. ”

"Oh, what did he say?" Guo Shouyun's eyes lit up and he said quickly.

"He said everything you told you was done. At present, 850 million US dollars of spare funds have been prepared for you in the account of the entire Mangzhong Fund!"

Guo Shouyun nodded, "$850 million, it's about what I expected!"

At present, the shares of Jianlibao Group, Country Garden, and even NetEase are of limited value. With some miscellaneous assets, it's already good to be able to scrape together three or four billion dollars.

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