Zhong Shi never imagined that his casual words would become Andrew's investment philosophy, and when Andrew became famous in the future, he would promote this set of investment philosophy to people everywhere. However, he always kept in mind Zhongshi's teachings and did not dare to reveal Zhongshi's information to the outside world.

Zhong Shi got everything done here, and instructed Andrew: "Your company should prepare for the seat work of stock index futures as soon as possible, whether it is the Dow, Nikkei or Hang Seng Index, I think in a few years, these major global capital markets will open up the index market." ”

"Haode, I'll reflect your opinion to the above."

Andrew said respectfully. At this moment, Zhong Shi is like a god in his heart, just imagine, a child less than ten years old is making waves in the international financial market, and in just a few days, he has accumulated wealth that is beyond the reach of ordinary people, what is not genius?

Zhong Shi nodded and left with Liao Chengde. He now has close to 20 million in cash, and he needs to find another brokerage to invest the money in the Japanese stock market. Now that the news of the yen's appreciation is circulating in the market, it is a good time to buy the bottom of the Japanese stock market.

At this time, Hong Kong stocks are also in a bull market, and it is difficult to say which is better or worse between the two, but the yen still rises by nearly 5% every year, which is incomparable to the Hong Kong dollar.

After HSBC exchanged all the Hong Kong dollars in its hands for yen, it opened an account in the Japanese stock market with its brokerage and invested about 10 million Hong Kong dollars worth of yen into the constituent stocks of the Nikkei Index, and Zhong Shi let it go.

Liao Chengde also concocted the same method and bought the same shares as Zhongshi. Now that he is obedient to Zhong Shi's words, even if Zhong Shi now asks him to get rid of the yellow-faced woman with knotted hair and remarry a young woman who is about the same age as his son, he will not hesitate to do it. Of course, he's more than happy to do so!

After everything was in order, Zhong Shi met up with his parents and enjoyed himself in Hong Kong.

……

On Wall Street in Manhattan, Davis had a hard time. Although it was aware of the appreciation of the yen, it dropped some orders last Thursday, but there were still thousands of orders in hand. Although he was lucky to close some of the orders on Tuesday, he still lost tens of millions of dollars, fortunately at that time, the Japanese consortium made a strong effort to beat down the momentum of the yen's rise, but at this time Davis was already a frightened bird, regardless of the cost of selling short orders, angry that the Japanese who were far away in the east scolded "eight grids".

Finally, at Tuesday's close, Davis barely managed to squeeze his losses into seven figures. The loss of millions of dollars in the first day of the year is already astronomical, and what is worse is that Davis did not have a hedge in his portfolio, which is a serious violation of the system in which hedge funds operate.

This kind of person was not uncommon in later generations, and people gave them a nickname, called "devil traders". The so-called devil trader is a trader who is completely independent of others when trading, typically does not take into account the ideas of others, is reckless and sloppy, and usually causes damage to customers and the institutions that employ him, causing huge losses.

Such as the later generations of Société Générale trader Gerory. Covel invested in European stock index futures without authorization, causing a pre-tax loss of 4.9 billion euros ($7.16 billion) for Industrial Bank. After discovering Covel's illegal trading, Industrial Bank closed its position, triggering market speculation, which led to a sharp decline in global stock markets, and then the Federal Reserve urgently announced a 75 basis point interest rate cut, so some people joked: "This may be the 'inflection point' for Shijie's economy to avoid a recession." ”

Another example is the "King of Nikkei" Nick. Lisson, in ninety-four years, suffered a huge loss of $1.4 billion in Singapore's futures market, which led to the bankruptcy of the 233-year-old Bank of Bahrain.

These are all things that happened decades ago, and they all might be tedious to say. In fact, just last year, in 2012, a trader nicknamed the "London Whale" was targeted by hedge funds because he exposed his position, and the two sides made a huge bet, which resulted in Exiel's big defeat and his JPMorgan Chase also lost $2 billion.

Davis's losses are naturally not as large as those mentioned above, but behind these traders are rich banks, not comparable to the small hedge fund he works for, and Davis can already imagine his own end.

Just as he was holding the carton to clean up his things on the table, he heard a voice calling to himself: "Hey, Davis, the boss called you!" ”

Davis felt bitter in his heart, thinking that the time had finally come. He straightened up, pretended to be indifferent, walked straight to the largest office, knocked on the door and entered: "Boss, did you call me?" ”

"Hey, look at our heroes! Incredible genius! ”

An old man wearing wide-rimmed black glasses stood up and introduced himself to the two medium-sized Orientals beside him.

"What's going on?"

Davis couldn't figure out the situation for a while, looking at the smiling boss Taylor, and the two Eastern faces who were also smiling. As soon as he turned his head, he vaguely guessed where these two people were sacred.

If you guessed correctly, these two people should be representatives of the Japanese consortium, and they are planning to join forces with Space Capital to do something in the yen market. Looking at the respectful two people in front of him, Davis didn't dare to be a little complacent in his heart, these Japanese people looked humble on the surface, these are all due to their culture, but the strength behind them must not be underestimated.

"Hey, David (nickname), don't you tell your Japanese friends about your performance on yen futures?"

Taylor looked smug and gave orders to Davis. He already knew about Davis's loss on short yen futures, and he wanted to fire him, but who knew that at noon, Japan's Mitsubishi consortium called and said that they intended to inject capital into space capital and wanted them to find a haode trader to do arbitrage hedging for them.

This news immediately suppressed Taylor's anger, and after a little thought, Taylor, who was a well-established person, decided to keep Davis, after all, he could bring in a lot of money and a lot of management fees.

"That's right, two gentlemen, my strategy on the yen is ......"

Davis, who understood, was also refreshed and was ready to talk. Suddenly, there was a commotion outside, and soon there was a dead silence again.

"What's going on? Can someone tell me? ”

Taylor, who had long been accustomed to the noisy working environment, was not used to this quiet environment, and a sense of unease rose in his heart. Space Capital is a hedge fund that he has been working on for half of his life, he worked as a trader in a bank when he was young, and jumped out to start this hedge fund after his fledglings. He often lit a cigar in his office, looked at the busy traders in the hall, and recalled his youth.

"I'll take a look."

Davis volunteered, and then opened the door to his office, and saw two Caucasian men in suits and leather shoes, both holding briefcases in their left hands, walking straight towards him.

Behind them were stunned traders, each with a complicated look in their eyes. Davis couldn't tell what it was, a little sympathy, some pity, or schadenfreude?

Two men walked up to him and asked expressionlessly, "Jeremy. Davis? ”

"It's me. What happened? ”

Davis didn't understand what was going on at this time, he just felt that the two people in front of him were too serious, which made him very uneasy.

"We are affiliated with the U.S. Securities and Exchange Commission, and we now suspect that you are engaged in insider trading and price manipulation, and we ask you to cooperate with our investigation. I think you should get a good lawyer! ”

One of the older investigators pulled out his credentials from his bosom, flashed them in front of Davis, and said coldly. Naturally, he didn't omit to say anything about the "Miranda warning".

The so-called "Miranda warning" is what is usually seen on TV "You have the right to be silent, but what you say now, I will record it with paper and pen and ...... in the future"

The warning is based on the Fifth Amendment to the U.S. Constitution, which is required by law enforcement agencies to make an arrest for a criminal suspect.

“SEC…… Oh my! ”

While Davis is decent in the futures market, he has had a history of unclean behavior in both the stock and bond markets. As the saying goes, "I often walk by the river, how can I not get my shoes wet", Davis felt that his eyes were dark, and he knew that he was finished!

As soon as he heard the man introduce himself as SEC, Taylor, who was over half a hundred years old, jumped up from the boss's chair, walked quickly to Davis, grabbed his collar and scolded angrily: "You son of a bitch, you were fired!" ”

At the critical moment of negotiations with the Japanese consortium, it was targeted by the SEC, and this fund will definitely be a chicken egg. Taylor knew that this accusation was by no means against Davis alone, and maybe the entire space capital would be involved, and he could already imagine the end of this half of his life's work.

After the two investigators escorted the distracted Davis away, they immediately rushed in from the outside, taking away a large number of computers and documents, and making the others who were still in shock tremble.

"Since something like this has happened, then let's not talk about our affairs for the time being, and we will have the opportunity to cooperate again in the future!"

The two Japanese looked at each other, got up and said a polite word, and then took their leave, not forgetting to bow ninety degrees at the end.

Taylor, who was paralyzed, lay limply on the sofa and waved his hand weakly, saying goodbye to the Japanese guests. At this time, his mind was full of words such as "redemption" and "closure".

Sure enough, after half a year of investigation, Space Capital zuihou reached a settlement with the SEC with a huge fine of 45 million. During the course of the investigation, Space Capital's clients redeemed their shares of the hedge fund, and when the settlement was over, Space Capital was left with little money left, and it didn't take long for the hedge fund to be closed. Davis, on the other hand, was sentenced to three months in prison and banned from the market for life after all his ill-gotten gains were confiscated. (I hope you book friends will recommend a lot, collect a lot, xiexie!) ）

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