Chapter Seventy-Seven: The Only Enemy

"Don't mind if I call you Fluttershy." Li Jiatao smiled slightly, his eyes soft.

"Hmm." Su Erdie frowned, but responded seemingly casually.

Li Jiatao smiled and asked, "Fluttershy, how much do you know about hedge funds?" ”

"The so-called hedge fund refers to a fund that does not have a certain strategy or principle, makes decisions on an ad hoc basis in accordance with the market environment at the time, and changes the strategy at any time to make the highest profits." Su Erdie raised her delicate chin and thought seriously for a while before she said slowly.

Li Jiatao shook his head and said with a smile: "This is a very serious misunderstanding, in fact, it happens to reverse the meaning of hedge funds." ”

"I'm the one who compares hedge funds to industry funds." Su Erdie's expression was a little puzzled, and he said in a low voice, "Industry funds should refer to funds that only invest in a certain industry." ”

Li Jiatao sighed: "You are not wrong about the definition of industry funds. However, the industry is not indicative of the investment strategy, and the fund manager does not explain to investors his specific approach, only vaguely stating that he will only invest in one industry. Investors do not know what theory this manager uses to manage the fund. ”

Seeing that Su Erdie was still looking at himself movingly, Li Jiatao smiled bitterly and continued to explain: "Generally speaking, hedge funds emphasize a specific investment strategy or investment style more than ordinary mutual funds. There are only a handful of hedge funds that cannot be classified in any category. The fund manager commits to a certain investment strategy and will generally implement that investment strategy; If he doesn't keep his promise and adopts other strategies, even if he wins a profit, it will lead to investor complaints. Because the investors of hedge funds are large institutions or wealthy people, they generally have relatively rich investment knowledge, and if the fund manager acts rashly, it will easily cause trouble. As a result, despite the lack of regulatory mechanisms for hedge funds, scandals are rarely the case in practice. In the United States, mutual funds hurt investors' interests far more than hedge funds. ”

Su Erdie raised his chin and thought for a few minutes before nodding very seriously: "It seems that what you said makes more sense than what I said." ”

"Fluttershy." Li Jiatao seemed addicted, and said to Fluttershy, "It doesn't matter, what matters is how you manage the money you can control and maximize its profits." ”

Su Erdie didn't speak, just nodded, with a deferential expression, which made Li Jiatao feel a sense of accomplishment.

"Fluttershy." Li Jiatao suddenly asked, "Have you recently taken the time to get to know Soros, an American financial speculator?" ”

Su Erdie was obviously stunned before replying: "Soros is a Jew, his first ideal should be to be a philosopher, and later because of his family's difficulties, he was forced to enter the financial world. Soros should have more than $5 billion in funds, and at least more than $10 billion can be mobilized. ”

"Good." Li Jiatao appreciated, "Only by knowing oneself and knowing one's opponent can one not be defeated in a hundred battles." If you want to make the most profit from the collapse of the pound, then your only opponent is Soros. ”

Su Erdie thought for a few seconds before raising her head and replied very seriously: "I don't understand." ”

"Soros is definitely going to attack the pound, and you can make more profit than him as long as you know what offensive tactics he might take." Li Jiatao smiled slightly and gave Su Erdie an encouraging look, "Fluttershy, you must be able to do better than him." ”

A charming blush floated on Su Erdie's pretty face, and the blush slowly spread until it reached the depths of her delicate small and white neck, which was very seductive.

Li Jiatao couldn't help but swallow his saliva, but he had to maintain a gentle smile on his face to hide the filthiness in his heart!

"When a country's currency depreciates, that country's stocks usually rise, which is supported by historical data and rationale. So Soros should buy a lot of British stocks. "I've bought a billion pounds of British shares and I've got a head start. ”

"Well, you've got a good idea." Li Jiatao nodded, not surprised that Su Erdie was able to mobilize a billion pounds, but said with a smile, "However, it is enough to buy so many British stocks, because this is not the best profit model." ”

In fact, Li Jiatao is a little worried that Su Erdie's purchase of so many British stocks is likely to arouse the vigilance of Soros, an international financial speculator. But looking at Su Erdie's confident expression, Li Jiatao really couldn't bear to hit her heart. For a good financier, self-confidence is the most important thing!

Li Jiatao couldn't bear to hit Su Erdie's self-confidence!

But Li Jiatao had to play the role of a conspirator to remind Su Erdie: "Fluttershy, you are a soldier, so you naturally understand the truth of 'soldiers, sophistry'. You have thrown a billion pounds of money into the British stock market in a very short period of time, and it is easy to attract the attention of financial speculators like Soros. This means that half of your hole cards have been opened by someone else, and your chances of winning are much less. ”

"But this billion pounds of money has been injected and has entered Soros's sight." The corners of Su Erdie's mouth rose slightly, and she actually looked a little aggrieved, Chu Chu was moving, and people were pitiful when they saw it!

"It's not a big problem." Li Jiatao smiled, quite comforting, "I just said that the stock market is not the best profit model. As long as you have sufficient funds, there are places to make money. ”

Su Erdie's eyes lit up, a pair of eyes were black and white, not mixed with any impurities, very pure, like a pool of clear and bottom-out sweet springs!

Li Jiatao's voice suddenly raised a lot, and he looked very confident: "I believe that Soros must have come to the same conclusion as me, so that he has enough courage to snipe the pound." The British economy cannot support a strong pound, and the pound will inevitably depreciate, which is an inevitable result. Then, in response to the conclusion that the pound will inevitably depreciate, the most powerful offensive method that Soros can take is naturally self-evident! ”

"What is it?" Surdie's voice was no longer soft, but became very crisp, as beautiful as the melodious sound of a bell when it swayed.

"Long and short strategy." Li Jiatao said categorically, and his tone was unquestionable, "Buying the US dollar or the German mark that is about to appreciate, and selling short or borrowing the pound that is about to depreciate is a typical long-short strategy used in the foreign exchange market." ”