Warren Buffett has long been an old man, and after a little thought, he knows that Zhang Chen's words are not true.

But he also had no intention of delving, the main reason why he came to have dinner with Zhang Chen today was that he was very interested in Zhang Chen himself.

In Warren Buffett's more than 40 years of investment career, he has never seen a rich man who can do this from scratch at the age of less than 18.

Of course, the world is different, the times are also different, the birth of various financial products, the birth of new technologies, especially the birth of the Internet, so that the speed of wealth creation is getting faster and faster.

The time to make a billionaire has changed from a few decades in the Rockefeller era to a few months now.

A large number of capital upstarts were born on Wall Street, in Silicon Valley, in Seattle, in Wisconsin, and even in Bangalore.

Will this Zack be a short-lived capital meteor, or a future capital predator? Even Warren Buffett has no way to make an accurate judgment.

Warren Buffett is not stupid, on the contrary, he is one of the most shrewd people in the world, and it is an almost impossible task to take advantage of him.

Warren Buffett is not ignorant of the movements of the Traveler Group, and he also perceives an undercurrent in the market, as if something big is about to happen. But even if the Voyagers Group buys Salomon Brothers, it will not mean much to him.

His residence in New York was originally a neighbor of Sandywell, and Sandywell offered to invite him to join the board of directors of the Travelers Group many times, but Buffett refused. This position is the most tempting for Zhang Chen, and it has no attraction for Buffett.

Zhang Chen and Bellankefen have calculated that after this transaction, if Sandyvale completes the acquisition of Salomon Brothers within a year, the transaction will lose about $45 million.

All of this is for Citi.

Sandywell's acquisition of Salomon Brothers will not be a pure cash acquisition, but an agreement with Solomon's board of directors in the form of cash + stock. Then, as the largest shareholder of Salomon Brothers, Tinder, it is very likely to win the right to nominate a board of directors of the Travelers Group in the negotiations.

In addition, at that time, this 10% stake will be converted into more than 3% of the shares of the New Traveler Group, although it is not the largest shareholder, but it must be the top ten shareholders. Tinder's holdings are even more than double that of Sandyvale himself.

Sandyvale also has only 7 million shares of Voyagers Group, worth less than $400 million.

Even if the storm of the butterfly effect was too fierce and caused Traveler not to buy Solomon or merge with Citigroup, Zhang Chen would not lose much.

In the long run, starting next year, the subprime loan and reinsurance business in the United States will usher in a golden decade of development, until the outbreak of the subprime mortgage crisis in 08, these two businesses will be the main profit growth points of the financial industry.

And the accumulated heritage of the Solomon brothers, in the face of this change, it is also very easy to follow the breeze and sway, if the Tinder Source can have more say in the board of directors, simply run it by itself, and dig up a few more big bulls in the previous life, such as now and Sandyvale has gradually born Jamie Dimon, plus Bellankefin, the Solomon brothers have a great possibility of nirvana rebirth.

But making money in this way is too slow, buying low and selling high, and buying chips on dips is the king.

Buffett didn't continue to ask, he knew that even if he asked, he wouldn't be able to ask anything, and today he just came to satisfy his curiosity and have a steak by the way.

Warren Buffett cut the steak slowly: "I came to see you this time, in addition to business matters, there is another reason, that is, the paper you wrote on financial risks in Southeast Asia, I just read it yesterday, it is very exciting." It's hard to imagine that what you predicted in your paper is happening right now. Recently, many institutions on Wall Street have been following the trend to pan for gold in Southeast Asia, and since you have already predicted this crisis, why not take the opportunity to make an order? You must know that the profit of one billion dollars in and out will not be less in just a few months. ”

Zhang Chen replied casually: "I know, but I won't do it." ”

Buffett was curious: "Why?"

Zhang Chen smiled: "Capital has no morality, but capitalists do." ”

Buffett was stunned, he didn't expect to hear such an answer from Zhang Chen's mouth.

Zhang Chen continued: "The financial crisis in Southeast Asia is an immoral looting of the wealth of the emerging Asian economies by the Western world. Even if I make money, but I lose my conscience, I don't want to do this kind of thing. ”

"Of course, I'm not that noble. If there was only one way to make money in the world, I would probably compromise as well. But now there are so many opportunities to make money, and the rate of return and risk are much stronger than this kind of unbounded violent looting. So, it's okay if you don't make this kind of money. ”

Warren Buffett smiled: "But after all, it is the problem of the financial system of Southeast Asian countries that leads to the crisis.

Zhang Chen shook his head and said, "Warren, give me an example. Will you deal with Belfort?"

Buffett shook his head like an electric fan: "No, no, of course not, he's a villain, and he's put too many families in a tragic situation." ”

Belfort is the Wolf of Wall Street, his company is notorious on Wall Street for specializing in the sale of junk stocks, and there are many bankrupts who have been scammed by him.

Drugs, ****, fraud, you can trade your soul for money, a complete villain, this is Belfort.

Belfort's crimes are too numerous to mention, but for now, Belfort is still making a fortune on Wall Street, living a life of luxury and paper addiction, and will not be brought to justice until years later.

Zhang Chen smiled: "What Western capital does in Southeast Asia is actually not fundamentally different from Belfort. Indeed, Southeast Asian governments are as stupid as those who have been deceived by Belfort. But this financial looting of many hedge funds in Southeast Asia will have victims thousands of times more than Belfort has deceived, with tens of millions of families falling into poverty and millions homeless. ”

"Like I just said, capital has no morality, but capitalists do. In the face of this kind of human tragedy, if the initiator still thinks that it is not his own fault. This kind of person is either stupid or bad. Obviously, they are not stupid. ”

Buffett was silent for a while, "It's been a long time since I've heard this kind of thing in the capital field, and it's very good." ”

Zhang Chen smiled: "Warren, this is just a child's nonsense. ”

Warren Buffett laughed: "OK, I like to work with babbling kids." ”

Warren Buffett held up his Coke, "Cheers." ”

Zhang Chen understood that Buffett had nodded in agreement with the deal, and he was overjoyed, pulled Belrankefin and Ajit, and also raised the Coke: "Cheers." ”

Surely someone said that Our Lady knows what Our Lady is?

Isn't there something wrong with having a better way to make money, but being criticized for making dirty money?

(End of chapter)