When Julian came to the center of the hall, the band playing in the hall was also very eye-catching, and the music immediately stopped, Julian seemed very satisfied with the quiet atmosphere in the party, and said with a smile: " Dear real gentlemen, good evening, welcome to this quite meaningful party, today's party is to provide a place for all the gentlemen here to have a good exchange, but also for everyone to make new partners and exist, of course, here I would like to introduce you to a new friend who has just come to our most free country in the United States, everyone welcomes the new rich man from Hong Kong, Zhang from Asia!"

Hearing Julian specifically mention himself in this party, Zhang Junyi raised the wine glass in his hand at the same time, and gestured to Julian in the air. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

"Alright, that's the end of my speech, please enjoy the good food and wine, and of course take care of the ladies who are here today, and don't snub our angels!" Julian said humorously.

In fact, the previous speech was just a scene, and the most important thing was to introduce Zhang Junyi, so that Zhang Junyi could better feel the goodwill and importance of their interest group to Zhang Junyi.

After all, since Zhang Junyi chose to come to this party today, it shows his own inclination to join their interest group, everyone will have to eat in a trench in the future, and every top tycoon will have a smooth time carrying people in a sedan chair.

After Julian finished speaking, the music in the hall started again, and the people in the hall also socialized again, after all, as Julian just said, unless the party in America is held for some special reason, the general party is an occasion for everyone to socialize and make friends.

On this occasion, everyone chats with each other, communicates to increase mutual feelings, and is even likely to promote some kind of cooperation, even celebrities attach great importance to this kind of occasion, looking for their own 'prey', everyone or sit in a circle to drink and chat, or have the right eye to dance on the dance floor。。。。。。 After all, the party in the United States is more open to each other, after all, just like the national conditions of the United States, open and free!

Allen waited for Julian to finish the future, and then took Zhang Junyi to the region where George W. Bush and Julian were, although Julian and George H.W. Bush belong to the top group of people in the United States, but there are not many people around the two, for this situation, Zhang Junyi understands this situation very well, after all, no matter which country it is the same, each circle has its own rules, and it is impossible for people of different status to become a circle.

Seeing Zhang Junyi and Allen coming over, Julian and Bush Sr. also found a head, and everyone also had a discernment, knowing that Julian and Bush Sr. must have something to say to Zhang Junyi and Allen, so some of the rich politicians around the two also smiled and dispersed, making room for a few people to talk.

"Zhang, let me introduce you, this is our American Vice President Mr. George Herbert Walker Bush, one of the core members of our group, as for this one of the two of you who must have a lot of common language, he is Mr. Julian Robertson, the helmsman of the famous Tiger Fund on Wall Street, is also one of our core members, in a sense, the two of you are peers!" Allen introduced to Zhang Junyi's side.

"Mr. Bush, hello Mr. Robertson, I am Zhang Junyi, a native of Xiangjiang, you can call me Zhang!" Zhang Junyi heard Allen's introduction and said to the two very politely, his tone was neither humble nor arrogant, and then he said to Julian Robertson: "I have heard of Mr. Robertson's name for a long time, and I hope that we can communicate more and make progress together in the future!"

"Zhang, thank you very much for helping to earn a lot of benefits this time, I am very honored to be able to meet a young man like you, I hope we can cooperate happily in the future!" Bush Sr. stood up and shook hands with Zhang Junyi and said hello to Zhang Junyi.

After all, as one of the core members of the group, when Zhang Junyi came to the United States last time, Bush Sr. was very optimistic about Zhang Junyi's development, and in addition Zhang Junyi's outstanding performance in the oil market this time strengthened Zhang Junyi's position in the heart of Bush Sr., who was the main supporter of absorbing Zhang Junyi into his own interest group and becoming a core member.

In the elder Bush's view, although Zhang Junyi's comprehensive strength may not be as good as any core member of his own group, but Zhang Junyi's potential is not great, and more importantly, Zhang Junyi is not short of money, as long as Zhang Junyi is given a few years of development time, Zhang Junyi will not say that he will become the strongest figure in his group, but he can definitely become a middle-class existence.

Such a genius with unlimited potential is not good to make friends now, strengthen the bond between the two sides, and when Zhang Junyi develops, it will be impossible to promote the close friendship between the two sides.

Therefore, even if it was the first time they met, Bush Sr.'s tone and attitude were completely based on Zhang Junyi's equal status.

As the saying goes, the icing on the cake is better than the charcoal in the snow, and this approach is not only used only in China, of course, in the United States is more practical, and their way of doing this will only be used on people they think have potential.

"Zhang, hello, you can call me Julian in the future, I hope you can enjoy this party, I admire your talent in the financial market, I hope that the friendship between us will last forever!" Julian Robertson, who was next to Bush Sr., was also quite modest and friendly.

In the United States, capable people can be respected by the bigwigs, not to mention that Zhang Junyi is still a capable person whose net worth is not inferior to that of any of them.

In fact, compared with Bush Sr., Zhang Junyi is more familiar with Julian Robertson in front of him, after all, Julian Robertson, as the head of the Tiger Fund, can be regarded as a figure that Zhang Junyi admired quite a lot in Zhang Junyi's previous life.

Whether it is for Julian Robertson or the Tiger Fund founded by Julian Robertson, their development history can almost be reversed.

Looking at the idol god of his previous life, Julian Robertson, standing in front of him, even Zhang Junyi has to admit that he is a world-class financial investment master, and at the same time a godfather in the hedging fund industry.

In his previous life, Zhang Junyi, as a commentator on finance, if he didn't know Julian Robertson's background and entrepreneurial journey, then he could really find a piece of tofu and kill him.

If you don't know Julian Robertson in finance, it's like you don't know Chamberlain or Michael Jordan in basketball, and you don't know Pele or Maradona in football.

Julian Robertson, the founder of the Tiger Fund, is one of the most prominent figures in Wall Street history.

Born in a small town in the southern United States, Julian Robertson worked for Kidder Peabody Securities for 20 years after graduating from the University of North Carolina School of Business.

In Zhang Junyi's memory, Julian Robertson, the founder of Tiger Fund, a prominent figure in Wall Street history in his previous life, is generally divided into four stages.

The first phase was from 1980 to 1998, when Julian Robertson and Thrope Makenzie established the Tiger Fund with a capital of $8.8 million in May 1980 to focus on "global investment".

Eighteen years later, that year's $8.8 million has grown to $21 billion, an increase of more than 259,000%. During this period, fund holders achieved an annual return of 31.7% after all fees were set. No one has a better result. Tiger Fund's success in the '90s was largely due to Julian Robertson's heavy recruitment of top-tier analysts from Wall Street, which often led to betting in the right direction at a turning point in the financial markets.

Most hedge funds don't have a lot of analysts, often with the help of the securities analysis power of investment banks. This is not the case for a hedge fund as large as Tiger Fund, where its star analysts are paid far more than their peers in investment banks.

In the second stage, in the second half of 1998, Tiger Fund made a series of investment mistakes and went downhill ever since. During 1998, after the Russian financial crisis, the yen fell to 147:1 against the dollar, and in anticipation of the fall below 150 yen, Julian Robertson ordered his Tiger Fund and Jaguar Fund to sell a large number of yen, but the yen rose sharply to 115 yen in two months without any improvement in the Japanese economy, and Robertson suffered a heavy loss. The Tiger Fund lost $2 billion in the largest single day (October 7, 1998), and in September and October 1998, the Tiger Fund lost nearly $5 billion in yen speculation. In 1999, Robertson was heavily invested in American Airlines Group and Scrap Management, but the stock prices of the two business giants continued to fall, so Tiger Fund was hit hard again.

In the third phase, nearly $2 billion of short-term funds were withdrawn from the Jaguar Fund starting in December 1998, and by October 1999, a total of $5 billion had been withdrawn from the Tiger Fund Management Company. Therefore, on October 6, 1999, Robertson requested that the redemption period of his three funds, "Tiger", "Puma", and "Jaguar", be changed to semi-annual starting from March 31, 2000, but on March 31, 2000, Robertson announced that he would end all the business of his six hedge funds after the Tiger Fund fell from a peak of $23 billion to $6.5 billion. After the collapse of the Tiger Fund, $6.5 billion in assets were liquidated, 80 percent of which were returned to investors, and Julian Robertson personally left $1.5 billion to continue investing.

From its inception to March 30, 2000, Tiger Fund still saw an 85-fold increase (after all expenses), which is more than three times the size of the S&P 500 and 5.5 times that of the MSCI Global Index. The Tiger Fund closed on March 30, 2000, when the Nasdaq was 4,457.89 points. The Nasdaq hit an all-time high of 5048.62 on March 10, 2000, but Robertson was convinced that the tech bubble would burst sooner or later. In April 2000, the NASDAQ began to plummet, and technology stocks were in a depression for three consecutive years, and a large amount of capital flowed back to high-quality stocks, and Internet stocks were regarded as garbage.

In the fourth stage, in 2005, Julian Robertson proposed the concept of trajectory financial management, advocating that people should protect their property and manage their finances regularly with years of financial expertise. This concept has given rise to a new type of financial management model on the Internet. It has been favored by a wide range of investors, and once again exceeded the annual return of up to 35%.

Julian Robertson, who is regarded as a "godfather" in the American fund industry, still has no one to shoulder the responsibility of "fatherly love", or even restructure the Tiger Fund to survive, because this is the law of the market. Investment is an art of regret, there is the survival of the fittest, there is a return and there is risk, but it is a pity that this point lacks the basis of recognition in China. There is an old Chinese saying: "If the tiger does not exert its power, I am a sick cat", but in the era of "new economy", the law of the market is that "the winner is king, and the loser is the villain", and the "tiger" who cannot keep up with the situation can only be a "sick cat". Secondly, it seems that the Happiness of the Poor is no longer a model of this era, and even often becomes the object of ridicule, and is replaced by the Happiness of the Poor. Every game in the capital markets is like a beautiful dream, and the important thing is to figure out your role in the game before it comes true. When the virtual economy obviously deviates from the trajectory of the real economy, the sudden wealth will not last as long as a rainstorm. Over the years, greed has corroded the corporate culture of the United States like a virus, and a series of fake account scandals such as WorldCom, Universal, and Telecom are all caused by greed.

Even if Tiger is about to fail, Robertson, who has reached his old age, did not admit defeat, he said in an interview with reporters: "I will not surrender, and I will not stop investing." He still believes his investment strategy is on the right track and believes that the current frenzy of technology, Internet and telecommunications stocks will one day collapse. However, hedge fund analyst Barry Colvin commented: "There's an adage that says, don't go against the market, and Julian did that, and he lost." ”

Zhang Junyi, who has memories of his previous life, admires and feels a trace of regret for Julian Robertson, who is still in the prime of life in front of him, of course, these thoughts are just a flash in Zhang Junyi's mind, and on this occasion, Zhang Junyi will not behave rudely.

"You two don't have to be modest, in the financial market, the ability of the two of you is absolutely top-notch, if you want to communicate, you don't have to wait later, you can do it now, everyone don't stand, I also want to hear the views of the two of you on the world economy, which is also quite helpful to my work, say in advance, you two don't hide your secrets!" At this time, the elder Bush seemed quite interested, and said enthusiastically to Zhang Junyi and Julian Robertson.

When the four of them sat down on the sofa, the waiter nearby came over with a plate with a discerning eye, and each of them took a glass of champagne from the wine plate, and this time the exchange between them began.