Chapter 9: JR's First Time (2)

Obviously, Robert. Soros's vision pleased Jerry.

"OK, since no one is leaving, I'll default to this behavior as a support! Now, let's talk about what's next! I'm sure you all know that at the beginning of this year, John. Kentes. Galbraith's article in The Atlantic! ”

Andre. Bush suddenly raised his head, "Do you believe Galbraith's prophecy?" ”

"Of course! I believe! And that's why I flew from the East Coast to the West Coast! ”

"Do you really believe Galbraith's prophecy?"

"You don't have to doubt that. In a report released in July, the Securities Association of the United States pointed out that the share of securities raised in the Shijie financial market has risen from 44.1% in 1982 to 87% today, indicating that the proportion of fundraisers raising funds directly in the Shijie financial market through the issuance of stocks and bonds has reached a frightening high. Mr. Paulson, you're a financial expert, and you've been working on mergers and acquisitions all these years, do you know how many mergers were there in the U.S. from 1974 to 1987? ”

John. Paulson shook his head, he really didn't know, but he knew exactly how much a merger could bring to investors who specialize in hedging stocks, because that's what the Gruss Partnership Fund did!

"From 3000! Here are the numbers I have! The total annual merger value exceeded 100 billion US dollars! Did you know that I call this kind of bond that is specifically used to operate business mergers weishenme? Coax bonds! There is no doubt that it is this kind of bond that has inflated the stock price of the United States, caused a false boom in the stock market, and in turn deceived the eyes of all investors! ”

"But, boss," the title honestly makes Morbius awkward, "the current American economy is not as bad as you say!" The latest U.S. Treasury foreign trade deficit in August was $800 million less than in July, and the fiscal deficit for the whole year was $148 billion this month, a decrease of 1/3 from the previous fiscal year, and in the first three quarters of '87, the U.S. gross domestic product grew by 3.6 percent, and the Labor Department data showed that the unemployment rate fell to 5.9 percent, the lowest level in 80 years. Even if the inflation rate is only 0.2% in September, boss, do you really think that there is a possibility of a stock market crash when these indicators are very good? ”

"Mr. Morbius is not right at all, for the time being, all the important economic indicators of the United States are very good, and by October 1987, the economic upswing in the United States had lasted for 59 months, which was the longest period of post-war peace, but Mr. Morbius, you should not forget the circumstances under which these economic achievements were achieved. Although the twin deficits (fiscal deficit and trade deficit) have been slightly reduced, high fiscal deficits, high trade deficits, high national debt, and high foreign debt still test Americans' confidence in the economic outlook. It's like walking a tightrope for Americans now! A little wind can blow him off the sky! ”

"Do you know what the Americans have been doing all along? Borrowing! ”

"Do you know what Reagan's prosperity was built on? Borrowing! ”

"All people know that they are borrowing money to support their current life, and if they don't say it, it doesn't mean that they are not afraid!"

"But boss, how do you know that the collapse will happen now?"

"Mr. Miller, you should know that the Federal Reserve announced on September 4 that it would raise the discount rate from 5.5% to 6%! Of course, you must also know that some large commercial banks in the United States followed suit and raised the preferential interest rate from 8.75% to 9.25%, which means that entrepreneurs will invest less in enterprises in the future. And one more thing I need to warn you, Mr. Miller, is that you must not forget the shadow of war in the Persian Gulf! ”

"You mean the situation in the Gulf?"

"Do you think President Ronald Reagan, who was happy to start an arms race with the Soviet Union, would really accept Iran's daoqian and let the Stark frigate incident happen like a fart? The answer is no, the Iranian old guys washed their farts as soon as possible, and this is the subtext of President Reagan! ”

"So, boss, you mean, you're not sure exactly when either?"

"That's right, Ms. Miller, I'm not sure, I'm betting, I'm betting that there will be a bloody massacre on Wall Street in October! How about it, guys, are you interested in joining me as the butcher of this massacre? ”

"Boss, are you sure you're going to make a big deal?" Andre. There was a distorted excitement on Bush's face, the excitement of a gambler after he got out.

"Yes, I'm pretty sure! And, I'm not crazy! ”

"It's so exciting! Well, boss, tell me about your jihua! Bill, what are you waiting for? Keep looking at the damn P/E ratio? Instead of that, I might as well study my formula theory! After receiving an affirmative answer, the withdrawn Andrei. Bush actually danced a little with his hands. Because he found out that this shijie actually has a guy who is younger than him, and has the same idea as him!

"So, what do you think, Mr. Morbius, Mr. Paulson, Mr. and Mrs. Miller, and Robert?"

"You're the boss, you're in charge!" Robert shrugged his shoulders.

"Very well, then, get out of the stock market in two days! Mr. Bush, Mr. Morbius, Mr. Miller will do this by your traders, and I need to leave quietly, you know? Mr. Paulson, what is the maximum amount of money JR Investments can get from Bear Stearns if it wants to take out a loan? ”

"Based on the current average stock returns, JR's market capitalization is nearly $600 million, and with 30x leverage, I could get a loan of up to $18 billion from Bear Stearns!"

"Very well, this matter is up to you. By the way, contact your old customer, Marty. Gruss, ask him if he'd be interested in doing a pen business with me. Tell him that if all the losses are counted on JR, if the profits are made, we will take 50% of the profits! ”

"Boss, wouldn't it be too risky to do this!"

"John, we are not gamblers, and once we do, it will be even more terrible than gamblers! And you know, sometimes the risks are equal to the opportunities! You see the side of the risk, and I see the other side of the risk! ”,

"So, okay, boss, I hope you're right!"

"As for you? Robert, you just need to keep an eye on Carl for me. Icahn will do it, I don't think you will forget what that big shark looked like! ”

"We're here to help! Boss! ”

"Alright, gentlemen, this is the end of the meeting, now, all move!"

Gruss Partnerships.

"Hi ~ John, my dear fellow, what wind is blowing you to me? I've heard that you left Bear Stearns and joined a fledgling investment firm! What's the name of that company, by the way, JR Investment! ”

"Yes, Marty, there's nothing wrong with that! I changed jobs, I felt that I could handle more challenging work, and investing would be a good choice, and Bear Stearns, who only earned commissions, could not provide me with such an opportunity! ”

"You didn't come to me, but I've been looking forward to working with you! You know, over the years, the Gruss Partnership Fund has made a lot of money with your help! ”

"All I can say is, I'm so sorry! Because I was bewitched by Soros's son! ”

"Oh, damn Soros!"

"Yes, damn Soros!"

"Alright! I guess you came to me, not just to complain about Soros, say, what's the matter with me? ”

"I need your help, Marty!"

"Did you encounter anything difficult?"

"That's right, Marty, my boss has a big opportunity to make money, but he doesn't have enough money! So, I thought of the Gruss Partnership, and I thought of you! ”

"It's a delight! Tell me, what kind of money-making opportunities are there? ”

"I'm sorry, Marty, it's a trade secret! I can't tell you the details! The only thing I can tell you is that our boss is in need of money, and his conditions are very good, if the Gruss Partnership Fund joins, JR will take 50% of the profit and bear 100% of the loss! ”

I have to say that such conditions are too generous, and the generous ones are really suspicious. But with John. Paulson was in contact with Marty for four years. Gruss believed in his character.

"Marty, don't try to probe my tone, sell trade secrets, I won't do it, it's a matter of principle!"

"Alright! John, how much money do you need? ”

"$5 billion!"

"$5 billion? I don't have that much money other than Bear Stearns for help! ”

"That's exactly what I meant! Alright, let's go together! ”

"Can I know JR's funds?"

"You'll know!"

All the action is going on quietly!

……

"Ham? I'm Joey, do you still have Mobil Oil stock? It's nothing, Soros's son wants to borrow this stock from me, and they want to go short! Well, yes, plus part of the premium, the conditions are very good! How can you say that there is such a stupid person in the world who would actually think of shorting? Didn't Soros see the situation in the Gulf? Once launched, Mobil Oil's stock will surely skyrocket! Oh, you say the time? He meant it was the 21st, yes, 20 days! Well, I'll let him go to you personally! Hey~ After making money, don't forget to invite me to drink! ”

……

"Bateman, open the door, open the door! What are you doing inside, it's taken so long to open the door! Shit~ You're actually in the office with your secretary...... Well, this is your freedom, and I have no right to interfere. Andre. Mr. Bush called, he wants to borrow an option from you on Texas oil, short sell, yes, he's going to sell short! How much? He meant that the more the merrier, and if he could, he wanted to borrow them all, yes, with a partial premium! Suffice it to say, the conditions are too good to be true! What, help you contact your wife? She also has some Texas oil options in her hands? Shit~ Stop me, I'm talking to you on the phone, tell that whore to get out of the way......"

……

"Sam. Mr. Wharton? I'm Mark from JR Investment. Mobius, yes, I called you yesterday, but your secretary told me you were in a meeting! That's right, I want to borrow your Apple stock, yes, Apple, our company wants to go short! Yes, there are additional premiums. If it's convenient for you, I'll come to your home in person in the afternoon! IBM stock? That's just amazing! ”

……

"Is it Mr. Holmes? I'm Robert from JR Investments, and I'm interested in your Texas oil. No, no, no, you're mistaken, I'm not trying to buy these shares from you, I mean trying to borrow them from you. Yes, that's right, I'm going to sell short! What can you help me contact Carl. Icahn, who also has Texas oil stock in his hands? Okay, okay, okay, if you can, please help me borrow these shares from him, and I will give a certain premium as a token of appreciation. Well, Haode, Mr. Holmes, then I'll wait for your good news! ”

……

Robert hung up the phone with a grin, then grabbed the phone again, ticking off another name on the paper. OK, next, Coca-Cola!

Just then, Jerry walked in through the door of his office!

"Robert, book me a ticket to Tokyo, Japan! I, Nanako, and John and his team of traders, a total of ten people. ”

"We're so busy, you're leaving! It's so unfair! ”

"Okay, Robert, Wall Street is the financial center of the United States, and at the same time the financial center of Shijie, once the stock market on Wall Street crashes, do you think the Tokyo stock market will be spared? With you in charge and Leslie to assist you, Mark, Bill, and Andre are all on their own, no problem! What's more, even if there is a problem, we still have a phone number to contact! I will tell you the time of closing the position by phone, so be calm! Once I tell you to close the position, don't hesitate! ”

"Well, that's all there is to it!"

Before leaving the United States, Jerry gave George a letter to George Brown. Lucas called and asked about the development of the simulation digital synthesis jishu, the film rights to "Jurassic Park", Jerry has been released to Stephen. Spielberg, but because the effect of simulated digital synthesis has not yet met Jerry's requirements, the shooting of the movie has been put on hold for the time being! Spielberg wasn't lonely, because as soon as he turned around, he followed George. Lucas went to shoot the third part of "Raiders of the Lost Ark"!

As for Microsoft, after postponing the release of windows 2.0, Bill Gates and Paul Allen threw aside the development of EXCEL and threw themselves into the development process of Word and PowerPoint.

It's October 1, 1987!