In 1976 and 1977, the world economy improved dramatically. In the wake of the oil crisis, the stock market has not only recovered its losses, but is rising sharply. At this time, it is difficult to buy a large number of stocks, but Jacob has a way.

He comes from a banking family and is very familiar with the market. Contacting many financial institutions, exchangeable bonds, convertible preferred shares, and compulsory convertible securities, through a variety of flexible creditor's rights, helped Lin Yi achieve inter-access shares.

When he was an auditor at the university, Lin Yi learned some of these financial means. But there are tens of thousands of banks in the United States and more than 100,000 financial companies. Without a certain amount of experience, it's like entering a strange city, and you can't find your way with a map.

The market capacity of PCs was only 100,000 units last year. Personal computers have not yet become popular, and Intel has not yet reached the outbreak period, so the first one was done.

Wal-Mart and McDonald's are both in a period of rapid expansion, and it is not easy to acquire the market. Jacob himself stepped in to convince them to issue new debt. After about six months, it can be converted into shares.

Patting the CEO on the shoulder, Lin Yi laughed loudly: "Sure enough, professional things are still professionals' methods." ”

Jacob's face was calm: "Compared with ordinary corporate bonds, the interest rate of convertible bonds is much lower. The company that the boss is interested in has a strong demand for funds. Low-cost financing is certainly not small. ”

Apple, Microsoft, and Intel will not only be profitable in the future, but also involve the core of the electronics industry, so they will set up separate account management. If the big boss does not approve, Gingko Finance only has the right to supervise, not the right to make decisions.

Last year's main income has already been invested. But the profitability of the American paradise has not yet been arranged. The local arcade revenue, plus the consignment sales of red and white machines, after the tax filing date, will earn about $60 million.

The money was not given to Gingko Finance, because Lin Yi had other arrangements. When looking for a valuable investment target according to the roster of listed companies, I saw Berkshire Hathaway. He immediately reacted that this was Warren Buffett's company.

For this legendary figure, Lin Yi certainly wanted to see it with his own eyes. So call Berkshire and make an investment visit request. Then fly to Omaha, Nebraska, in the very center of the United States.

Warren Buffett, the richest man in the future, was born in this medium-sized city. With endless cornfields, green farm trucks, and farmer statues, it's no wonder that football players say 'Nebraska grows corn' when they sarcastically say to each other!

Walking into the Kewi Building, the reception staff was very friendly: "Berkshire, welcome Mr. Lin to visit." Board meeting, which ends in 20 minutes. Until then, be accompanied by me, you can call me Mary. ”

Lin Yi sincerely praised: "For the visitors, your attitude is really good. And some companies, not much bigger than here, have to wait for a month to make an appointment!"

While guiding the visitors upstairs, Mary responded modestly: "Warren told everyone that Berkshire will not invest in companies that do not think about customers. If you ask others, of course you have to do it yourself!"

Lin Yi asked curiously: "Do you call him Warren directly, not Mr. Buffett?"

Pointing to the photo on the wall, Mary repeated the tycoon's words: "It's 25 people now, and if you go back to 14 years ago, it's still 25 people." We support each other and feel like a family!"

Old photos, old newspapers, baseball uniforms, and Carnegie training certificates, there are really a lot of places to visit from 1962 to 1978.

The board is over. Before the meeting began, Mary winked at the visitor and said as if pointedly: "I hope you have a good conversation and can cooperate successfully in the end." ”

Lin Yi didn't have time to think deeply, and walked into the president's office. It's not big, and it's very simple, and there are no antique artworks. In addition to an old grandfather clock, there are case files, financial statements, and business newspapers, which are stacked neatly.

Warren Buffett was born in 30 years, and he doesn't look old. He flipped out Time and Fortune, pointed to two magazines and said, "Congratulations Mr. Lin, you chose video games." Under the ripening of heaven, the industry is entering an explosive period. ”

Humility is not a good habit in front of other Americans, and self-esteem is easily despised by others. But Warren Buffett is different, so Lin Yi was humble first and then complimented: "It's just a ride." Fourteen years after you became Berkshire, the value of 22 million has increased to 600 million. The average annual return of 26% is much higher than the Dow Jones Industrial Index, which is why I invested. ”

Warren Buffett smiled lightly: "Albert Einstein said that compound interest is the eighth wonder of the world, and smart people should know how to use it." ”

After listening to the visitor's investment amount, the other party's face was embarrassed: "Mr. Lin is really so confident in my company?"

"I was expecting high returns, but when I visited just now, I saw seven newspapers on the wall, and I knew that investing here must be low risk and high return! ”

"Don't lose your principal, that's my business principle. There is a problem, your funds are equivalent to 10% of the company's net worth. Berkshire, on the other hand, has very stable employees and very stable shareholders. At this stage, the company does not need a large amount of financing. ”

Lin Yi took the initiative to come to the door, not only wanting to meet Buffett, but also the difficulty of Berkshire's acquisition is also an important reason.

"I know, the government employee insurance company, just made a lot of money for your company. So how about Berkshire issuing new shares and then investing in Paradise Games? As you said, the consumer electronics industry, the wave is about to rise. ”

"I'm sorry, this kind of cross-swap is against my investment principles. First of all, this industry is exploding, and the valuation must be relatively high; secondly, it is difficult to make an accurate judgment without many years of financial data for reference; and secondly, the company in which I have a stake must have real management rights. This last point, you will certainly not agree. ”

Warren Buffett talked eloquently, the data of the American paradise, he is simply a treasure. There are many details that Boss Lin can't remember. And the one on the other side is simply a humanoid computer!

At this moment, the phone rang, and Buffett said sorry: "There is no important matter, my meeting time, no one will disturb me!"

The CEO asked about the situation, said we'd talk later, and hung up. He thought for a moment, then turned to the guest and said, "What a coincidence! My good friend, Salomon Brothers, has just had something going on and needs a lot of money. ”

Lin Yi is now learning and selling: "Then Berkshire, how about issuing a batch of convertible bonds? Your company has low-cost financing, and I have achieved the purpose of investing in shares after half a year." ”

"I can't refuse this condition. But to be clear upfront, the committee, the council, the PR department, the interpersonal department, Berkshire does not have it. We don't engage in investor relations, we don't have any formality. ”

"Mr. Buffett is very candid. ”

"Warren can be called directly. ”

"Warren, I understand. Omaha's hometown, a stable team, familiar shareholders, it's a relationship of trust. I promise that Berkshire will not betray its principles, and I will always trust you as much as I trust an executor. ”

A common idea that brings everyone together. This is not an investment, but a trust.