The matter was resolved satisfactorily, and Tang Bao and Xu Qing also had a happy dinner.

The next morning, Xu Qing drove Tang Bao to Columbia University to report. Tang Bao still has some expectations for going to Columbia University to study. Columbia University is located in Morning Heights, Manhattan, New York City, on the Hudson River, north of Central Park, not far from the offices of Phoenix Investment Group.

The curriculum at the university is simple.

For Tang Bao, a grandmaster in the architectural design industry in his previous life, it was really a piece of cake, and he had a lot of time to do other things. Although Tang Bao was only fifteen years old, he looked a little precocious, so others thought that he was eighteen or nineteen years old, but it did not cause a sensation, Tang Bao's college life was peaceful and fulfilling.

Morning.

Tang Bao didn't have a class, so he came to the library alone, directly found a few books on economic management, and quietly found a corner to sit down. In this stock market crash, Tang Bao made a lot of money, making a total of $26 billion in the United States, Japan, and Hong Kong, most of which was repurchased stocks and various assets, but there were still nearly $10 billion left. In the future, the scale of his assets will continue to expand, and it will inevitably involve business management, even if he can find qualified professional managers, but some operations still need to be done by himself.

For example, in this stock market crash, Tang Bao only reminded Horst slightly, and did not directly intervene in Phoenix Investment Group, nor did he let Horst know about his secret operations. The involvement was too great, even if Horst had initially gained Tang Bao's trust, he couldn't expose all his secrets to the other party.

Horst is an authentic Westerner after all!

The experience of his previous life told him that Westerners like to be direct and do not like intrigues, but in fact, they engage in intrigues and tricks to be more terrifying and ruthless than the Chinese people imagine.

So.

After Tang Bao entered Columbia University, in addition to coping with architectural design courses, he often chose to audit courses such as economics and finance and study this aspect on his own. It is better to rely on no one than on yourself, and work hard to learn the knowledge of relevant aspects, so that you can better control your business empire in the future.

……

In the blink of an eye, a few days have passed, and the stock market has gradually subsided, driven by the announcement of countless listed companies to repurchase the company's shares, and the stock market has slowly rebounded steadily.

this day.

After Tang Bao left the library, he went to Phoenix Investment Group.

"Boss, you've finally shown up." When Horst saw Tang Bao appear, he was pleasantly surprised, eager to report the results to the boss.

Tang Bao smiled slightly, waved his hand to stop Horst, "Come to the office with me." "He is still as cautious as ever, even in his own company, and he doesn't want to make any mistakes and avoid trouble.

Let's be honest.

Tang Bao didn't know how much Phoenix Investment Group had profited in this stock market crash, perhaps because he had made enough money from his own secret operations, and he no longer cared about the profits of Phoenix Investment. Of course, Horst had the accurate information provided by Tang Bao, and it was impossible to do nothing.

"Let's talk about the results of this time." Tang Bao sat on the boss's chair and said lightly.

"Hey, yes, boss." Horst rubbed his hands excitedly, and began to introduce in detail, "This time, we invested a total of more than $600 million to short the U.S. stock market, using 20 times leverage, and finally made a profit of $5.7 billion. After that, according to the boss's instructions, a large number of potential company stocks were absorbed. There are about $1.9 billion left in the ......"

"Huh? Why is there so much money left, doesn't it mean that you try your best to buy the stocks of certain companies? Tang Bao frowned slightly.

"Boss, we are indeed going all out to buy stocks, but although there are many retail investors and institutions selling stocks in the market, there is also a lot of power to eat these stocks whose prices have plummeted in large quantities, and we are not only buying. Moreover, some companies have reacted quickly, and in order to maintain the stability of stock prices, they have announced that they will use a large amount of money to buy back the company's shares. Horst explained helplessly.

"Hmm."

Tang Bao's face softened, as Horst said, there are many shrewd investors in the market, and many institutions are secretly absorbing low-priced stocks.

"Oh, boss, here's a list of all the stocks we've acquired, please take a look." Seeing that Tang Bao didn't blame, Horst hurriedly handed over a folder. It also showed Tang Bao that he really did his best to do things, without the slightest slack work and negligence.

"Microsoft shares, 19.79 million shares, 8.633%! ......The first company stock that Tang Bao saw was Microsoft, and the proportion of his shareholding surprised him even more, before and after the stock market crash, he had been buying Microsoft shares through various offshore accounts, but Microsoft's shares were too difficult to buy, even if Tang Bao had money, he only bought 26 million shares with all his might.

"Well, that's good. Microsoft is a company with a lot of potential, and these shares can be held for a long time, and Microsoft shares are not allowed to be sold regardless of the stock market without my approval. It's up to you to buy! Tang Bao said that counting the 8.633% stake of Phoenix Investment, his shareholding ratio has exceeded one-third. In the calculation of the shares in the hands of Bill and Allen, the number of Microsoft shares circulating in the market will definitely not exceed 10%.

Yes.

Horst was secretly surprised, he didn't expect the boss to value Microsoft so much, in fact, there were a few more stocks that bought shares this time than Microsoft stocks, but he thought that Tang Bao seemed to attach great importance to Microsoft's stocks, and specially put the list of Microsoft stocks in the first place, but he didn't expect to receive this effect. I secretly thought that I still underestimated the boss's love for Microsoft stock, especially from the order of "only buy but not sell", he could see that the boss had absolute confidence in Microsoft.

Tang Bao continued to look at the documents, ignoring what Horst was thinking.

The number of companies on the list is not very large, only more than 50, but more than 30 of them are carefully selected by Tang Bao.

In addition to Microsoft, there are four companies with a stake of more than 5%: Coca-Cola with 6.29%, Enron with 5.007%, Procter & Gamble with 9.58% and American Express with 6.77%.

In addition, it is worth mentioning that Phoenix Investment Group also bought shares of Warren Buffett's Berkshire Hathaway, although the shareholding ratio is only just over 2%, but Tang Bao is very satisfied. I have to admit that Warren Buffett does have outstanding achievements in the field of stock investment.

"Well, that's good. The shares of these companies all have very high growth potential and can be held for a long time. Tang Bao said with satisfaction.

Listened to Tang Bao's words.

Horst understood that all the shares purchased according to the boss's list would not have the authority to sell them without the approval of the boss in the future.

"Microsoft, Coca-Cola, Procter & Gamble and American Express, we're all qualified to be on the board, do we need to send directors?" Horst inquired that because of the diversification of the companies' shareholdings, Phoenix Investment Group's stake was already sufficient to qualify for a seat on the board.

"Of course!"

Tang Bao replied without hesitation that he was not like some Chinese investors in later generations, who spent huge sums of money to buy stocks, but was excluded from the company's board of directors. After spending money but not getting the rights he deserves, he won't be the one who is wronged.

on this.

Horst took it for granted.

Next.

Horst hesitated for a moment, and then said, "To be honest, boss, I never thought that Phoenix Investment Group would grow so fast and so huge. In addition to Citigroup's entrusted investments, our own cash and assets have exceeded $6 billion, which is a large capital company even on Wall Street. I feel that it is necessary to improve the company's various governance structures and expand its business. ”

"Oh, could it be that our Phoenix Investment Group is not perfect?"

"Of course, boss. The company framework I built before was completely based on the framework of a small capital company, and now it is obvious that it cannot be adapted to the size of our company, and if we do not adjust it as soon as possible, not only will the company's operational efficiency be affected, but there may even be unknown risks. Horst said solemnly. For example, as a large investment company, various risks and legal issues are important, so I think it is important for the company to start with the establishment of a risk management department and a legal department. In addition, we need to find an accounting firm as a partner who will be responsible for assisting us with various corporate financial audits and tax and legal advice. ”

"Why did we set up a legal department when the accounting firm provides legal advisory services?" Tang Bao asked suspiciously.

"Well, boss, the accounting firm only assists us in handling things, and it is impossible to hand over all the things to them, after all, the accounting firm cannot be the only customer of us, and once it is allowed to grasp too many things in our company, it is also very unfavorable to us." Horst patiently explained the doorway. "My idea is that at first we pick one accounting firm as a strategic partner, and then we look for one or two accounting firms to help with it."

Tang Bao listened and nodded secretly, feeling that Horst's words were correct.

An accounting firm is definitely something you need to find, and with the size of Phoenix Investment Group, you are qualified to select a number of accounting firms to serve it.

"At present, the world's top five accounting firms are Deloitte, Arthur Andersen, KPMG, Ernst & Young and PricewaterhouseCoopers, and their services are among the world's top and world-renowned, and many large enterprises, multinational corporations, public institutions, etc. are ...... their clients," Horst recommended.

"Okay, you can get in touch with them separately first." Tang Bao said.