Chapter Twenty-Nine: The Man Behind the Scenes
Sitting in his office chair and looking at the big back computer page in front of him that was constantly loading like a turtle because of the slow Internet speed, George couldn't figure out what kind of situation could make Wall Street people allocate some of their people and funds to short the London stock market, a market that was obviously unremembered in his memory.
Is it that the original history was like this, but for some reason I didn't know it, or because of my arrival, history has changed in some way?
The speed of 56k is not very close to the Internet in Xiangjiang, which can be accessed outside the Internet, and it is already a very fast speed, you must know that even the mainland of the United States has just experienced the upgrade of wild vegetables 256k.
But this kind of speed is really no different from a turtle crawling to him in the era of interconnection at the speed of light, which is tens of megabytes or even hundreds of megabytes of light at every turn in later generations.
By the time I finished reading some of the reports on Yahoo and News Corp's websites about the Internet-induced crisis, it was already an hour and a half later.
For such an Internet speed, George is more helpless than thinking about whether to plug in it.
While it's important to figure out why London plummeted now, even if a butterfly flipped its wings and shifted the trajectory of the world at all, it wasn't as important as a banknote.
No matter how he changes, as long as he has money in his hand, then everything is not a big deal, and it is a big deal to carry money in his pocket and make an apartment.
More than 90% of the Internet access is dial-up Internet access, and almost all of this market is in the hands of Time Warner Group.
George knew that the original business of dial-up Internet had saved Time Warner's declining performance, but officially this performance rejuvenated him and created Time Warner's state of not wanting to make progress.
Time Warner's partnership with AOL is on the verge of a post-crisis merger that has created a super-giant with a market capitalization of more than $300 billion.
With AOL as a platform in their shareholders' vision, this is an opportunity to expand and continue to maintain their news presence.
But who would have thought that AOL, whose losses were not very serious in the Internet crisis, began to completely go strange after the merger with him.
The once 300 billion dollar market value of the Big Mac quickly fell to tens of billions of dollars, and finally spun off AOL for $500 million, and put the focus of business back on newspapers, magazines, and television stations themselves.
There are AOL's own problems, but more often than not, Time Warner merged its most profitable business, the telephone dial-up Internet business, into AOL, and they became a little stubborn and arrogant because of the monopoly, and they did not invest in business upgrades, but went further and further on the road of eating their old capital.
This made other telecom providers see the opportunity, seize the time to start continuous upgrading, completely abandon the telephone Internet, and replace it with optical fiber Internet, so that the Internet speed continues to accelerate, win countless customers, and squeeze Time Warner's market share.
By the time Time Warner reacted, it was already too late, and the original monopoly was gone forever because of its slow response.
Add to this AOL's operational mistakes, and a new Big Mac is a thing of the past.
The fiber market is a supercake of more than 100 billion dollars, and if it weren't for what happened today that made him need to look up information and information on the Internet, he might have really missed the cake.
But even if he could remember, there would be no money to go into this piece of cake to cut a part, and now it was different, and God sent a surprise from the collapse of the London stock market, which made his money several times over.
Yesterday he was in the club of the super-rich. And the assets are mainly cash, but these things are too different from what she wants to do, and now it is different.
"George, I have sold all the chips in my hand as you instructed, and now we have no chips in the European stock market.
Of course, London gave us a very big surprise this time, and when I saw it I couldn't believe my eyes, it turned out to be real,,,,,,
Oh my God,,,,,,, George, I think ,,,,,, I think you're probably the fastest-growing super-rich person in history. ”
James pushed open the door and walked in as George pondered the fiber, holding a folder in his hand and waving his hand with an incredible expression on his face.
"James, do you know what's going on behind the scenes in London this time, why do they suddenly have the power to attack London?
I want to figure out, you know, if I don't figure it out, all the wealth we've earned now could be taken back by them, and I don't want to be like this blind and deaf. ”
George took the folder handed over by James and put it in his hand, staring at James, who was still excited, and said.
"I just spoke to Charles and Scorse, and I finally heard the name of Goldman Sachs. ”
"Goldman Sachs? Are you sure it's Goldman Sachs and not Da Mo?"
Hearing Goldman Sachs' name, George was stunned for a moment, if it was Goldman Sachs, it didn't make sense, this is completely different from Goldman Sachs' style, you must know that Goldman Sachs in the capital market most of the time is to help others go public, mergers and acquisitions and investment in companies they are optimistic about, although they also do the short market, but in order to maintain their reputation, they are generally hidden behind, but now they suddenly jump out What is this for?
Goldman Sachs' path has been decided, but now he is doing the opposite, which makes George very confused?
If it is a quantum fund, he will not find it strange that Da Mo and Xiao Mo or even consortia such as Citibank will be surprised, because they essentially do this, and if there is no crisis, it will create a crisis for you and let them earn a lot of wealth.
That's right, it is said that Paulson secretly did the game, ostensibly operated by a fund company headed by Madoff. ”
Hearing George's question, James did not hesitate to say what he knew.
"Paulson?" (Paulson here is Henry, not John, John is the Wall Street short-selling god)
Hearing this name, George was completely silent, if it was someone else, he would have guessed, if it was Paulson, it was really hard to say, there must be the shadow of the Federal Reserve and the government behind him, otherwise Goldman Sachs would not have done such a thing that damaged the company's reputation.
Since it was the future Minister of Finance who planned it himself, then the involvement behind it must be not small, even if he wanted to know that with his current status, it was just a void, if it was his grandfather Andy Watt and father Smithwart, then there would be no problem.
"Since it was our King of Wall Street, it is useless for us to guess, we can only wait and see, but no matter what happens behind London, we should not participate in it, and today this unexpected joy has made us a lot of money.
This is the only variable, but this variable is something we cannot participate in, it may be that two or even three more forces are wrestling with London as the center, and one may be a broken ending.
James, if you still have positions in London, I suggest you have to empty them today, London will be closed in 50 minutes, and if you don't hurry, it will be very troublesome to wait until tomorrow to open.
According to Paulson's usual style, there may be a lot of people who will lose money here this time, and if he participates in the action, he will accept it when he sees it, and a greedy person will get into trouble. ”
George looked at James, who was sitting there with a happy smile on his face, and knew that her harvest this time must not be low, so he thought about it and said.
"Don't worry, George, I've emptied my position, I'm still glad to be there, George, your vision is really great.
If it weren't for listening to your empty positions yesterday, we would probably have lost more today, but now the short positions have finally suppressed the bulls again.
I don't play with them anymore, and now I'm making good profits. According to what you said, a man should be content, and I am content now. ”
Listening to James's words, George didn't say anything, just opened the folder in his hand and looked at the income statement on it.
Seeing the numbers presented above, although he had already experienced it yesterday and was prepared in his heart, he was still surprised when he didn't expect it.