After coming out of Goldman Sachs Group, on the way back, Jiang Qiurong asked a question:

"Why buy short options instead of just short selling those two stocks. ”

Of course, Ren Pingsheng knows the answer, because in another six months, the subprime mortgage crisis will ferment to the worst stage, and AIG and Citibank, the two hegemons of the US insurance and banking industry, will suffer huge losses due to subprime loans, and the stock price will fall by 90% and then fall again and again, and finally have to be taken over by the US government, and it will be "nationalized" for two years before regaining its status as a public company.

Although Ren Pingsheng knew that the U.S. government would definitely bail out the market, he did not dare to guarantee that the U.S. government would definitely come out to bail out the market at a point in his previous life, and if Ren Pingsheng directly sold the stocks of these two companies now, if the U.S. government "nationalized" at that time, the short-sold stocks were likely to be locked up by the U.S. government, and it was very likely that the profits would not be locked in at that time.

However, if you only buy a short option, you don't need to trade these two stocks directly, but you just agree with the buyer to sell so many stocks at the current price, as long as you can buy back the same amount of shares within one year, you can fulfill the contract, avoiding the disadvantages of trading stocks directly.

Of course, Ren Pingsheng's explanation of Jiang Qiurong is another version.

"AIG is the largest seller of CDS contracts in the current market, Citibank is the largest CDO holder in the market, I entrusted Goldman Sachs to buy CDS in AIG, and at the same time shorted the two largest financial groups, which is equivalent to giving money to Goldman Sachs to make money, but also helping Goldman Sachs step on these two competitors, this kind of mutually beneficial action, Goldman Sachs is of course happy to accept. ”

Jiang Qiurong was convinced of Ren Pingsheng's explanation, her pair of slender phoenix eyes glanced at him charmingly, and said with a smile:

"You are a ruthless person, when you are ruthless, you are more ruthless than everyone else. ”

Ren Pingsheng laughed, hugged Jiang Qiurong into his arms, and said complacently:

“Welcome To Wallstreet，Baby!”

......

After dealing with the affairs of the United States and explaining the follow-up work of the short US transaction to Jiang Qiurong and Zhang Wenwu, Ren Pingsheng finally got on the plane back to China.

This trip to the United States not only realized the dream of listing on the NASDAQ of Universal Games, but also seized the opportunity of the subprime mortgage crisis to lay out financial investment in the United States. It can be said that Ren Pingsheng's assets and investments have undergone major changes, so he took advantage of the flight time to update the 2007 gold book on his laptop.

[2007 Gold Book]

1. Movable property (7.65 million yuan):

(1) Audi A6L (black) top version 1, sedan, unit price 600,000 yuan, original value 600,000 yuan (current value 300,000 yuan).

(2) Audi A8L 4.2 (black) 1, sedan, unit price 900,000 yuan, original value 900,000 yuan (current value 800,000 yuan).

(3) Mercedes-Benz SLK AMG (silver) 1, sports car, unit price 1.45 million yuan, original value 1.45 million yuan (current value 1.3 million yuan).

(4) Bentley Continental GT (red) 1, coupe, unit price 4.6 million yuan, original value 4.6 million yuan (current value 4.4 million yuan).

(5) 1 Toyota Land Cruiser 4.7L (white), off-road vehicle, unit price 900,000 yuan, original value 900,000 yuan (current value 850,000 yuan).

2. Real estate (91.8 million yuan):

(1) Shuiyunlu (Huhai) 1 set, residential, area of 100 square meters, unit price of 17,000 yuan per square meter, original value of 1.7 million yuan (current value of 2.8 million yuan).

(2) 1 set of International Ritz City (Huhai), large flat floor, area of 500 square meters, unit price of 23,600 yuan per square meter, original value of 11.8 million yuan (current value of 14 million yuan).

(3) 1 set of Park Avenue (Yanjing), residential, with an area of 200 square meters, the unit price is 16,000 yuan per square meter, and the original value is 3.2 million yuan (current value is 4.2 million yuan).

(4) 1 set of Xishan Villa (Yanjing), villa, with an area of 480 square meters, the unit price is 10,400 yuan per square meter, and the original value is 5 million yuan (current value is 8 million yuan).

(5) 1 set of Gongyuan No. 6 (Yanjing), residential, with an area of 300 square meters, a unit price of 50,000 yuan per square meter, and an original value of 15 million yuan (current value of 18 million yuan).

(6) 1 set of West Lake Golf Villa (Hanzhou), villa, with an area of 580 square meters, a unit price of 15,000 yuan per square meter, and an original value of 8.7 million yuan (current value of 10 million yuan).

(7) Yujing Building (Huhai) 1 set, large flat floor, area of 460 square meters, unit price of 20,000 yuan per square meter, the original value of 9.2 million yuan (current value of 10 million yuan).

(8) Tiandi Yuyuan (Huhai) 1 set, high-rise duplex, area of 320 square meters, unit price of 35,000 yuan per square meter, the original value of 11.2 million yuan (current value of 12 million yuan).

(9) 1 set of World Trade Center Lakeside Garden (Huhai), villa, with an area of 670 square meters, the unit price is 18,000 yuan per square meter, and the original value is 12.06 million yuan (current value is 12.8 million yuan).

3. Investment (515000000 yuan + 3470000 US dollars = 2480500000 yuan):

(1) Wanyou Network (Enterprise), a U.S. stock company, listed on NASDAQ, holds 69 million shares, with a unit price of $28.08 per share (current price of $30 per share), and the original value of $193752 (current value of $207,000).

(2) Weibo (corporate), private company, no valuation.

(3) YY Voice (Corporate), a private company, has no valuation.

(4) Pingsheng real estate (enterprise), private company, no valuation.

(5) Shunwei Fund (Enterprise), a partnership fund, holds 30% of the shares, and is valued at 15 million yuan.

(6) King's Landing Capital (Enterprise), an investment fund, holds 100% of the shares, with a valuation of $140,000.

(7) Universal Film and Television (Enterprise), a private company, has no valuation.

(8) Universal Network (enterprise), private company, no valuation for the time being.

(9) National Expo Park plot (land), 50% equity, valuation of 50000000 yuan.

4. Liabilities (-350000000 yuan):

(1) Universal Games (loan), 35000000 yuan.

5. Cash (166.09 million yuan):

(1) The income from the sale of Wanke A (stock) was 252 million yuan.

(2) The income from the sale of Zhongxing Securities (stocks) was 70 million yuan.

(3) Housing mortgage redemption, principal plus interest expense of 52.9 million yuan.

(4) YY voice equity purchase expenditure of 30 million yuan.

(5) Weibo equity purchase expenditure of 20 million yuan.

(6) Wanyou Film and Television equity purchase expenditure of 25 million yuan.

(7) The investment expenditure of Wanshi Network is 20 million yuan.

(8) The first round of financing income of Wanyou Games was 70 million yuan.

(9) Wanyou Game Company's personal loan income was 350 million yuan.

(10) Shunwei fund investment expenditure of 45 million yuan.

The auction expenditure of the National Expo Park plot was 330 million yuan.

The purchase of real estate was 41.16 million yuan, and the purchase of vehicles was 8.85 million yuan.

Public relations and other expenses of 3 million yuan.

Subtotal:

1. Movable property: 7.65 million yuan;

2. Real estate: 91.8 million yuan;

3. Investment: 24,805,000 yuan;

4. Liabilities: -350000000 yuan;

5. Cash: 166.09 million yuan;

Total assets: 2472054 million yuan, cash holdings: 166.09 million yuan.

Ren Pingsheng summed himself up, so far, his career has embarked on a stage of multi-point flowering, no longer relying on the development of an online game company alone, but Universal Games is still his main cash cow, providing him with a steady stream of funds for investment and development of other businesses.

Since it has become two investment companies, Shunwei Fund and Junlin Capital, Ren Pingsheng now does not have to operate the capital market by himself, and these details can be handed over to these two investment companies, so the investment in Jingxi and the short selling in the United States are no longer listed separately, but are all merged into the accounts of the two investment companies.

From the perspective of asset structure, Ren Pingsheng's main income still comes from investment, the increase in self-owned real estate is only 1 times, while the increase in investment stocks has reached 20 times, and the increase in investment in start-up companies has reached 100 times.

If the total assets are calculated, it has increased 200 times from less than 100 million yuan in 2006 to 24.7 billion yuan in 2007.

1 small goal that is difficult for others to achieve in their ultimate life, Ren Pingsheng reached 200 in 2 years.

That's the benefit of catching up with the wind, and that's taking advantage of the big cycle's victory.

That's the beauty of snowballing.

......

After counting the gold book in 2007, although it was just a simple financial statistics, it also took Ren Pingsheng 2 hours, he moved his somewhat sore neck, asked the flight attendant for a cup of coffee, leisurely connected to the WIFI provided by American Airlines, and began to surf the Internet.

Since it is abroad, there is no so-called restriction, so Ren Pingsheng directly entered this website.

The familiar blue and white picture appeared in front of him, and Fan did not maintain the interface style when Ren Pingsheng first registered, except that the registered address and server were transferred to the United States, everything seemed to stay in 2007, when Wang Xing was just founded.

In order to prevent possible risks, Ren Pingsheng renamed the original version of Fan Wei Weibo, and according to the direction required for commercial operations, under his series of operations, the new Weibo has become the number one player in the domestic social network, and has formed a good cooperative relationship with the official media in many fields.

At Wang Xing's insistence, Ren Pingsheng allowed him to transfer the original version of Fan Fu to foreign countries, and inherited the mechanism and operation of the original Fan Fu and operated independently in the United States.

In this way, it not only completes the safe isolation of the original version of the rice from the new version of Weibo, but also provides a space for the earliest group of fans to discuss freely, and also appeases Wang Xing's idealistic mentality.

Of course, Ren Pingsheng's purpose in doing this is not only for Wang Xing, he also has a very important reason.

Although the rice is still the original flavor, but after all, it was migrated to a foreign server, and the original old users lost one-third, and the rest are some very senior fans, who are all very top-notch talents in various fields.

One of them is what Ren Pingsheng has wanted to see since he was reborn.

This person is not only related to the direction of the mobile Internet, but also will determine the overall pattern of China's Internet.

And this proud and lonely person, the only way to communicate with the outside world is food.

So Ren Pingsheng opened the blue and white rice page and found @gzallen from the watchlist of the @Ren Pingsheng account.

Using the WIFI of the plane, Ren Pingsheng began to browse more than 500 rice nos that had been updated @gzallen, and forwarded and left a message on his rice no.

Does the @gzallen rice say this:

"There are thousands of knots in the heart, and each knot is a product. Relationships are important, and each relationship is a product. In the future world, it should be an era when everyone will make a product with ten users. ”

@任平生是这么说的:

"The world is complex enough, so why not think about one product for all your relationship needs?"