Chapter Eighty-Eight: To Each His Own Mind
Inside the classroom.
"Oh, you're talking about this, I'll explain it to you. Michelle walked into the classroom, and Mike and Nancy saw her first, and beckoned her, and after sitting down, Nancy explained to her what they had just discussed.
Before she had time to say hello to Su Jingzhen, Michelle explained the problem clearly, because money is the easiest way to break friendships between people.
"At the beginning, when I first had an idea for this investment case, it was when I was chatting with Su and the two of us in the East Village, wasn't it boring at the time, so I talked about Mexico, and then I went home and told Sue what he thought, and the family thought it was quite reasonable, so after I went back to school, I asked Su to put this investment case into action, so I pulled John and Mike in to do coolies and collect data, everyone remembers, right?" Michelle recalled the situation at that time, made sure that everyone had no objections, and then continued.
"Later, Nancy also joined in, Joanna also joined, and at first, we just wanted to test it out on the stock market, and it turned out to be very lucky, or Sue's vision was very accurate, and we made money, a lot, three times the profit, right?
If things stop at this time, and the investment in the stock market is over, then we don't need to say anything about commissions or anything, after all, everyone has paid in it, looking up, extracting data, following the news and contacting Wall Street at any time, judging when the stock market will crash and when to buy and sell, including Joanna, have all paid in this investment case.
So making money in the stock market is what everyone deserves, and it's everyone's reward for their work, do you agree with that?"
As soon as Michelle finished speaking, Nancy whispered next to her: "I have no objection, I don't mean that I should take this part of the money, I mean, I have no objection to the entire distribution plan." ”
John was at the farthest point, and could only say to Michelle a little loudly: "It's not that we don't agree now, it's that Sue herself doesn't understand, we all understand the rules here." ”
Michelle rolled her eyes when she heard this, she was really shocked, it turned out that Su Jingzhen was doing something wrong.
"Su, when the investment enters the foreign exchange market, it is no longer under the control of our group of students, this judgment is entirely because we trust you, the basis of this trust is that you can perfectly judge the stock market before, in a way, the money earned in the foreign exchange market does not actually belong to us, it is just that we agreed to you to use our funds, and then you yourself relied on your keen sense of touch, to earn more than seven million. ”
Su Jingzhen doesn't think so, he thinks that this matter is a whole, and so is the investment case.
"No, I don't think the investment case is continuous and shouldn't be separated. ”
"It's not about separation. Mike disagreed with Su Jingzhen's words.
"Why?"
"Because we want to maintain our friendship. Mike looked at Su Jingzhen very firmly and did not compromise.
Su Jingzhen didn't understand their thoughts a little, you said it was because of the spirit of the contract? Isn't this nonsense, although Joanna's contract at that time said that the commission would be deducted, but it was written that Citibank was not for him Su Jingzhen wanted to deduct.
But John They don't think so, they want to have a stronger relationship with Su Jingzhen, so the first thing to do is to treat Su Jingzhen fairly, and the most critical reason is that this investment, the money they make is not so much that they can sell their principles, this is the key.
John had an exchange with Mike before, John took out 4,000 U.S. dollars this time, and after deducting part of the cost, he could get less than 80,000 U.S. dollars, while Mike was a little more, he took out 6,000 U.S. dollars, and finally he could get about 120,000 U.S. dollars, and Nancy and John paid the same amount of money, and they could also get about 80,000 dollars.
So, how much can Michelle take in the end? How much can Joanna take?
They don't know how much money Michelle took out in the end, but Joanna's investment was transparent, and she took out 52,000 US dollars from the beginning, and if she didn't deduct taxes, Joanna would get 1.09 million in the end.
So there is a comparison, the comparison of 80,000, 120,000 and 1 million, since they all understand that Su Jingzhen has this ability, when will the next investment start? Will you bring them? This time Joanna earned back 1 million in 50,000, and now John and Nancy, who are the least rich, have exceeded this number, so does it mean that if they have the opportunity in the future, they can also earn 1 million?
This is the most fundamental reason why they must calculate the commission clearly this time, I am afraid that Su Jingzhen will misunderstand, thinking that they are unruly and will not take them to play in the future, that is the most tragic thing, after all, on Wall Street, it is basically impossible for an investment institution with such a high profit to be possible, unless it is a private equity institution, but the general private equity institution has a fixed amount of profit, even if the profit is very high, it is also into the private equity sponsor's own pocket, and it will not be separated.
The most important thing is that even if it is such a private equity institution, they are not qualified to enter, and they are not qualified to get fixed profits, so they will think about how to hold Su Jingzhen's thighs, not asking for such a high profit next time, a little inferior, and a fixed one.
Michelle, of course, understood their thoughts, and who wouldn't want to make money, including herself.
"So, we won't give you a commission for the money you make in the stock market, but what you get in the foreign exchange market must be in accordance with the rules, otherwise you will think that we are exploiting you, this is not a joke, everyone is a classmate, you can study in Stern, and it is estimated that you will also work in Wall Street-related companies after graduation, and if it is known, it will be a very big blow to our credibility and professional ethics in the industry." ”
Michelle actually has reservations about this, not fully explained, this involves the issue of race, if it spreads, Michelle and John, the three of them bullied a yellow race, then although everyone may not think so, after all, discrimination is everywhere.
But what about the heart? You must know that the people who invest on Wall Street are not all white, there are people of all colors, these people are potential customers, if they have something in their hearts, it will be a catastrophe for Michelle.
"I'll go back and ask Joanna and then say, I don't count it, the lawyer said it, although it involves money, but I don't think you need to be so cautious, after all, we still have to get along in school for four years. Su Jingzhen said it very nicely, but in his heart he was reminding himself that his experience was still insufficient, if he had been clearer when he made the agreement at that time, there would not have been such a situation as today, this is still because Michelle is closer to him, otherwise one day he feels that he is losing, so what should he do?