Politicians' poisonous oaths cannot be trusted.

This bit of common sense, Gu Biao is very clear.

So no matter what Peterson said, he could only test it first.

"Since Uncle Peterson said so, I am willing to take care of your business for the sake of my tutor. I'll tell you the truth, I do have a few hundred million dollars in spare money right now.

On the basis of Tiankun Entertainment, I also have the heart to go further upstream of the electronics industry chain and make some investments. There shouldn't be 'any' obstacles to such an investment, right?

Gu Biao deliberately emphasized the syllable "any", obviously implying that Brother is testing whether you are honest or not.

If Peterson really dares to ignore the pat on the chest, it means that this person cannot be trusted.

Because this cannot be done, how can the US government allow Chinese capital to infiltrate the US high-tech industry chain without restrictions, censorship is necessary.

Even if you are a former secretary of commerce, you used to be the number one leader of the United States in foreign trade and foreign economic and technical cooperation, and you have countless connections, you can't do it.

Of course, Peterson also heard that Gu Biao was testing him, so he pretended to think carefully, and then embarrassedly listed two situations that could not be done:

"Gu, of course 'any model of investment' is impossible, not even Blackstone can do it. You don't want to invest in some key companies and then transfer US patents related to military electronics or other high-end core technologies to Chinese companies, right? That will definitely not work, and it is not a matter of money. Other than that, it shouldn't be a big deal......"

"I'm not interested in technology transfer, I care about money. Gu Biao stretched out a finger and shook it to stop Peterson from making any further assumptions, and then he waved his knife and made a firm gesture,

"Capital does not have a motherland, although I did not become an American citizen, I just hope to make better money in the Asian market in the future, it does not mean that I want to work for China. Because I'm bullish on the blank market over there.

Compared with the bloody red sea of free competition in the United States, China is a blank blue ocean that has not yet been cultivated, and as long as it is bold enough to cross the entry threshold, it can stake its territory freely, you should know what I mean. For businessmen, the stock is not important, but the room for growth is important.

Therefore, my investment in the United States is only to do a high market capitalization, and then leave the market and make money. ”

Peterson understood, but didn't dare to really let his guard down, and just followed the topic and asked:

"Can you tell us about the specific idea? You just mentioned that you have a new investment philosophy that you realized from the collapse of Atari, and I don't want to inquire about your investment intentions in advance, but if you don't mind sharing the experience of the Atari case, I think it will be easier for us to further understand each other's specific intentions. ”

Gu Biao took a sip of coffee and said, "Atari can be said to have ended it with my own hands, so my analysis and review of it are very thorough. In the midst of its share price crash, I've been thinking:

What would I do if I were to put myself in the shoes of President Dardanelle and the other major shareholders of Atari? The conclusion that came to me was that I should have sold the stock before the game was advertised in the sky, but before the actual product was launched.

Because the fall of Atari is in line with the cyclical law of game console product iteration, because of Moore's law, a game console model has only a cycle of 5~7 years from birth to absolute expiration.

At that time, the Atari 2600 had been on the market for 6 years, and the market share was still so high, and the company's stock price was blazing. In this case, since the company does not have the ability to transform and iterate to the next generation, it is better to give up, sell at a high level, and throw the stock to those retail investors who do not understand this, as well as those with relatively low IQs in the institution.

In the hard drive/memory industry, in the game console industry, we can observe that many companies will not survive for two generations because of Moore's Law. But their founder, because he had feelings for the company, didn't believe that he was going to die, pinched the stock in his hand in vain, refused to commit suicide at a high position to cash out, and let the shareholders go to be Shabi, and ended up in his own hands......"

Peterson pondered: "So what is your specific investment strategy? Running an Atari business and then running it to a high position, with all due respect, I think it's hard to come by." And running a company yourself, it takes many years and a lot of energy, and then you are not a lightweight investor, but you are trapped in it. ”

Gu Biao shook his finger: "No, no, no, of course I don't want to run another Atari company, what I hope is to use my vision to find other companies that 'obviously he should die at the end of this era, but he himself doesn't know that he should die', and then absorb them."

It's only been a year or two of packaging, and it's even more intense to make it look like it's back to the light before it died, and then get out of it at the peak of deceiving American investors - what I'm going to do is the body makeup business of the Intergenerational Death Company, but I started making makeup from the time I was dying.

For example, knowing that a company's technology cannot continue to be popular in the next era, then the current R&D investment is unnecessary, and we can kill the entire R&D department like Atari. In this way, in a year or two, the financial statements for shareholders will look much better. Those retail investors who don't know how to do it and only look at the financial statements and choose stocks will fall for the trick and give us their money for nothing. ”

There is no doubt that what Gu Biao expounded was the "hostile takeover" strategy of "sacrificing the company's long-term competitiveness, beautifying short-term statements, and deceiving shareholders and then exiting the market" that became rampant in the mid-to-late 80s.

Milken, the king of junk debts in later generations, the creator of the '87 U.S. stock market crash, and the "barbarian at the door", is about to invent a strategy two years later.

(Mike Milken is the principal of Dechong Securities.) This person made $1.1 billion in 85 and 86 years, but he was finally convicted of 6 counts of illegal business operations in 90 and fined $1.1 billion, all of which were fined. He also went to jail for 10 years and was banned from trading for life by the SEC)

However, Milken will go to jail, which does not mean that Gu Biao will also go to jail. Because of Milken's set, the main crime slot is junk debt leverage. As long as Gu Biao has a higher proportion of his own funds, it is difficult for others to attack him - I invest my own money, and no matter how I make business decisions, whether I care about long-term interests or short-term interests, it is business freedom.

And on the other hand, Gu Biao is not working with a guy like Milken who will be notorious in the future.

He was working with Peterson, a former U.S. business chief and now the founder of the Blackstone Fund.

Is the ability to partner with a former businessman to do business and avoid U.S. policy risks comparable to that of a Wall Street man?

Completely incomparable, this is the gap between the level of archaeologists and tomb robbers.

The thief is punished, the thief is the Hou, the United States is a paradise for the rich.

After hearing this, Peterson already believed that Gu Biao really wanted to do such a business.

Because, if Gu Biao can really identify "what technology company is about to set sunset, only this generation of products is competitive, and the replacement will be finished", then he really has a lot of money to make, and there is no reason not to make it.

At the same time, Gu Biao just spoke very much about the scale, but he just reviewed Atari and analyzed why Atari had to die at that time, but he refused to deduce it backwards, leaking even the slightest bit of "who do I think the next Atari is".

This is obviously to keep the trade secrets, and he will not tell him until Peterson has formally accepted his investment escrow entrustment and signed documents with sufficient liquidated damages and other mutual trust guarantees.

lest Peterson listen to the idea and go it alone to find another source of funding.

Of course, in fact, in the field of investment, there are still relatively few such things as "grabbing ideas", and they are not as much as the brains of the delusional public.

Put yourself in their shoes, if an investor, or an investment agent, hears about an entrepreneur's idea and thinks that it has a future to steal - what about after stealing it? From idea to implementation, it is very difficult, you have to rebuild the team and find project resources...... In the end, the group is formed, and investors may not be able to get much more, and the time is still delayed.

And in front of him, there is already a current adult candidate who already has a team, has found resources, and has done trial and error, so why bother to seek the near and far? Toss an additional 10%~20% shareholding ratio, but in exchange for the success rate of this business halved or even reduced by seven or eighty percent, it can't be drawn.

Therefore, the original idea itself is not as valuable as the public thinks, nor is it as worthy of plagiarism as the public thinks. What is valuable is the idea that has already been implemented and has produced benefits.

Peterson himself has no money, he originally wanted to start as an investment agent and intermediary for others, and he abandoned Gu Biao to take a name chip to vote for another master, which would only give him the notoriety of many domestic slaves with three surnames, and there would be no benefit.

The two sides had in-depth contact and talked about the details, and Gu Biao felt that Peterson was quite knowledgeable about advance and retreat, and he also had resources, so he pushed the boat along the river, and like Akio Morita, he agreed to initialize an intention to entrust investment after the holiday. As for the specific project, Gu Biao told him that when he graduates, he will talk about it in February and March.

"I still need to refine my idea and tell you before I make a move, when I officially sign the project commission. Gu Biao put aside this statement and sent Peterson away.

"Then I'll wait for good news. Peterson also needed time to resign from Lehman Brothers and refine the framework of the Blackstone Fund.

After chatting about all this, Gu Biao looked at the time, it was already more than 10 o'clock in the evening, Kissinger and Schultz already felt a little sleepy, especially Schultz has to deal with state affairs tomorrow, and the party is almost over.

"Thank you President Morita for your hospitality, and we will have the opportunity to meet again in the future. The group of visitors politely said goodbye to Akio Morita.

On the other side, Ye Wei was also able to withdraw from socializing with a group of noble ladies and followed Gu Biao.

As soon as he returned to the car, Ye Kun complained angrily: "You irresponsible guy, you have killed me! Why don't you inquire clearly, the recent hot topics of these noble ladies are "The Last Emperor" and the secret history of the modern court in the East! I haven't even watched the movie, and I'm almost ashamed!"

Gu Biao felt very innocent while driving: "How do I know what topics those women like to talk about?

Ye Kun: "I don't care! You entrusted me here, and you will be responsible for making thorough intelligence preparations! I have some topics to blame! Why don't you force me to go to the movies together in advance! You know that I don't like to watch it, and you can also press me in the name of work tasks!"