The formula of Gaussian connection dependency function is not something that Zhang Chen made up alone.

As a reborn, Zhang Chen knew that CDO would be the biggest bomb in the future subprime mortgage crisis. However, after his rebirth, Zhang Chen found that MBS (mortgage-backed bonds) and ABS (asset-backed securities) are still the most important products in the current financial derivatives trading, and the size of CDO is only a few tenths of these two products.

This aroused a lot of interest in Zhang Chen, and after in-depth understanding, Zhang Chen realized that the reason why CDOs did not become popular was nothing more than not finding a suitable risk measurement tool.

Tinder and Cowyce are in a period of rapid growth, with dozens of Harvard, MIT, and Stanford's economic and math geniuses lured by high salaries to join the two companies.

Although Harvard dominated the field of economics in the nineties, Stanford has made great progress in the field of economics in recent years, especially in the subdivision of econometrics, which is not weaker than Harvard and MIT.

Although Zhang Chen only vaguely remembered that CDO seemed to use CDS default data, he said that with the assistance of many professionals, he successfully came up with this model.

Since coming up with this model, Zhang Chen has been thinking about how to apply it. It's definitely not okay to be the initiator of the CDO by yourself, this thing will explode sooner or later, and when the time comes, as the creator of the model, plus the fact that you are Asian, the negative impact is too great.

Zhang Chen is unwilling to let this model become a waste in his hands, even if it is really a waste, he must turn waste into treasure and seek the greatest benefit for himself.

Wall Street, Salomon Smith Barney, 18th floor, 9 p.m.

"I can agree with you for a 40 percent interest in Salomon Smith Barney's CDO business, but a combined board seat is not possible. Sandywell's gaze was fixed on Zhang Chen's face, and his expression was calm.

Zhang Chen raised his hands: "Mr. Weir, as a colleague on the same board, your attitude really makes me very sad. You know very well that if there is progress in the negotiations with Citi in three months, and the assets of both parties are liquidated, the CDO will be an important asset of Salomon Smith Barney to win more initiative for Salomon Smith Barney. ”

Sandyvae was unimpressed, "You're a non-U.S. citizen, and although you can participate in investment banking, the merger with Citi involves commercial banking. And after the merger, the newly formed Salomon Smith Barney Citigroup will become the world's largest integrated financial group. As a member of the Federal Reserve Board, the Congressional Banking Committee and the Office of the Monetary Administration will not approve it, nor will the Federal Reserve Board agree. ”

Zhang Chen smiled and said, "Sandy, Sandy, pay attention, what I'm talking about is reserving a seat on the board of directors for Tinder, not for me." Zhang Chen paused, "Of course, I have already submitted my application for naturalization, and if nothing else, I will also become a U.S. citizen in half a year." ”

Sandyvale said, intentionally or unintentionally, "So, who are you going to nomimine?"

Zhang Chen showed an indifferent expression: "Mr. Weil, your defensive mentality is too strong, Belranken? Maybe it's someone else, who can say it accurately? In short, I will nominate someone worthy of this position." You know, it's just this position that works for me, it doesn't matter who sits in that position, and a board seat doesn't affect your operations. ”

Zhang Chen paused and continued: "Moreover, the board members I nominate also need to be recognized by other members, and you may control more than forty percent of the board seats, so what can you worry about?"

Sandyvale played with the pen in his hand and suddenly changed the subject: "Your own Cowyce can launch the same product, why not make it yourself?"

Zhang Chen sneered: "Sandy, the bond business, especially real estate securities, is the advantage of Salomon Brothers, and now Salomon Brothers and the Traveler Group have merged to form Salomon Smith Barney, the real estate bonds in the hands of Salomon Smith Barney can be directly packaged into CDO, which is the most cost-saving method, Cowys is currently focusing on the secondary market, I don't think Cowyce will do better than Salomon Smith Barney." ”

Sandyvale stared at Zhang Chen's eyes, he couldn't understand how this Huaxia kid, who was only a third of his age, had held his life again and again.

When his son Mark reported to him on the CDO business, Sandywell immediately recognized the huge business opportunities involved, and Salomon Smith Barney, which integrated Salomon Brothers, would be the biggest beneficiary of this change.

How did Zhang Chen discover the opportunities in CDO?

Zhang Chen stood up, "I once heard that you privately called me 'the hyena that bites the bull's ** and says that I am a complete speculator. Well, I'll admit, I'm speculating. I also admit that in the previous acquisition of Salomon Brothers, it did take advantage of the Travelers Group. However, we are not enemies, on the contrary, I have never harmed your interests since we cooperated, right?"

Sandyvale said quietly: "That's because you don't have a chance." ”

A smile appeared on Zhang Chen's face: "Sandy, 'staying strong is the only trick to not being knocked down by others', this is your famous saying." If one day you show a flaw, I believe that I am definitely not the only one who can bite your **. At that point, do you think your concerns will still make sense now?"

Sandyvale leaned forward slightly: "I also said, 'Don't help your potential opponents'. ”

Zhang Chen was stunned: "Opponent? haha, this is the highest evaluation I have ever heard of myself." ”

Sandyvale nodded, "As much as I hate to admit it, you're the luckiest ambitious I've seen in my thirty years in this business." Sandyvale showed a hint of a nonchalant smile, "I have never worried about those so-called geniuses, nor do I worry about those highly skilled traders, so many years of experience have long made me understand that the most terrible thing is not these, but luck." ”

"Yes, luck. I've never been worried about the superiority of my competitors over me, an opponent who is smarter than me, I can find someone smarter than him to help me defeat him, and an opponent who is stronger than me, I can also hire someone more capable to help me deal with him. But luck, there is no solution. ”

"When luck meets ambition, it means success. ”

Sandywell leaned back in the wide boss's chair and crossed his legs: "I have learned your resume in detail in the past two years, yes, among today's young people, you can be regarded as the best in all aspects." But these are not enough to get you to where you are today, and every step you take, there seems to be an invisible hand guiding you to the most correct and rewarding path. If that's not luck, what is it?"

Sandywell looked at Zhang Chen, but saw that the other party was just smiling and silent, and couldn't help but sigh secretly, compared with the young man in front of him, his children were too disappointing.

Every young person will feel that his success is the result of his own ability and hard work, and he does not want others to attribute his success to luck. But when Zhang Chen heard him say this, he didn't react at all, and seemed to faintly agree, which had to make Sandyvale look up at him a few more times.

It is easy to know people and difficult to know themselves, and a person who can clearly recognize his own strengths and weaknesses and constantly improve himself is the most terrifying.

Zhang Chen smiled lightly: "Thank you for the compliment, but I think you and Mark are also very lucky." After the successful launch of the CDO, Mark will become the superstar of the entire Wall Street, and you will become the new king of Wall Street!"

Sandyvale sighed softly, his eyes like electricity: "I will only give you one chance to nominate, whether you can pass the board resolution depends on your own ability." ”

Zhang Chen smiled lightly: "Of course." ”

At this moment, Zhang Chen's phone rang, and Zhang Chen said sorry to Sandyvale and picked up the phone.

"Boss, Hong Kong stocks have just opened, and the Hang Seng Index has plummeted by 123 points. A clumsy voice came from the phone.

Zhang Chen remained silent: "I know, keep an eye on Hua Ren." ”

Let's talk about the update, in the last ten days, the author's own work has very important things to be busy, and the update may be unstable, but there is no way, I can't support myself by writing books, and the work still has to be done, if the author doesn't do his job well in the past ten days, he may really have to be transferred from his current position. Therefore, in order to allow the author to write books for everyone with peace of mind in the future, everyone should understand more. It should be fine around the New Year, and it's only a matter of eleven or twelve days.

This book is indeed not a eunuch, rest assured.

(End of chapter)