Chapter Eighty-Five: Jeff Bezos
The next day, Zhong Shi received a call from Andrew, only then did he understand what happened last night, he couldn't figure out what happened for a while, even after repeatedly watching the real-time changes in the daily moving average, he had no clue and finally had no choice but to give up, telling Andrew to continue to buy copper, while waiting for the next change in the market.
On May 1, the weekend, Zhong Shi flew to New York to attend the D.E. Shaw Hedge Fund's Investor Conference.
Shaw's hedge fund was founded in 1988, the same year as the famous Renaissance Technology hedge fund, and like Renaissance Technology, the founder David Shaw also focuses on short-term trading, which is also quantitative model trading, and recruits mathematicians and scientists.
There was a story about how Davyshaw was furious when he heard his staff say that it would take three to eight weeks to build a trading model, and he was very unhappy with such inaccurate reports. Later, these employees learned to be obedient, and when reporting on similar work, it may take 5.25 weeks to change to this trading model, but there will be a deviation of 2 weeks before and after, although in reality it is still 3 to 8 weeks, but it is this way of reporting that can arouse Davyshaw's appreciation.
David Shaw entered the financial industry from Stanley & Co., after which he founded his own hedge fund. Since its establishment, his econometric analysis team has been studying stock price models and option price models, looking for signals from stock price changes through nonlinear models, and finally operating on these unchecked data, and they soon became successful in the market. By '94, they had hundreds of employees, and their daily turnover stood at 5% of the New York Stock Exchange.
When Zhong Shi and Zhong Yi walked to the upscale office building on 45th Street on New York's West Side, they were greeted by a dedicated public relations agency who showed the investors around the Shaw hedge fund's workplace and arranged for some of them to answer their questions. This will be followed by a dinner party where people from all walks of life gather to listen to David Shaw's predictions for the market and his outlook for the future.
The whole investor meeting is probably such a process, and the reason why such a gathering is held is to get closer to the relationship with investors. The second is to convince these investors to continue to be generous.
When the two brothers, Zhong Shi and Zhong Yi, walked into the interior of this hedge fund. I was surprised to find that the staff here were dressed differently from the orthodox Wall Street elite, and they were all dressed casually, even with a hint of Pomican style, which was very different from the bankers who often wore sophisticated suits, bright ties, shiny leather shoes and meticulous hair.
And that's not the most surprising thing for investors. Because then they found out that sleeping bags were found in the employee's office. Although the Wall Street elite are all workaholics. But those investment bank employees have absolutely no tradition and habit of sleeping in the office, and even if they need to work all night, the investment bank will send a car to take them back to their homes in the early hours of the next morning. Wait for them to take a shower and change into clothes before taking them back to the office.
"If you don't go home, you'll be able to concentrate better!" A young man with thick eyebrows and big eyes and a tall nose saw the confusion in everyone's eyes and lost no time in explaining.
The investors nodded their heads, and it didn't take long for them to focus their attention elsewhere, except for Zhong Shi and Zhong Yi who had been standing in front of their sleeping bags, talking to each other and not knowing what they were talking about.
The young man also found that among this group of investors, these two investors are the youngest, especially among a group of middle-aged and elderly people with big bellies. He was so surprised that the idea of making friends moved in his heart.
Generally speaking, people who want to start their own business will pay great attention to the customer channel, especially those who have both money and are willing to invest, and at this time this young man has already germinated the urge to start a business in his heart, but he has well hidden this idea in his heart, and on this day it happened to be a meeting of some investors, so he volunteered to come and act as a receptionist.
"You two, I don't know if there's anything I can do to help you?" The young man walked up to Zhong Shi and Zhong Yi and nodded to them slightly, with an attitude of knowing everything and saying everything.
His move undoubtedly won Zhongyi's favor, Zhongyi looked at Zhong Shi, and seeing that he didn't say anything, he said: "I found that you have a lot of computers here, even more than other hedge funds, and some people even have a few computers on their desks, I don't know why?" ”
It turned out to be this, the young man secretly breathed a sigh of relief, he originally thought that the two of them would ask confidential questions, after hearing the favorite question clearly, he smiled and said: "We are here for quantitative trading, which is based on mathematical models and operates through probability, because computers have unparalleled advantages in building and trading, so we have a lot of computers here." ”
But in his heart, there was a ripple. He heard it very clearly, the customer surnamed Zhong mentioned other hedge funds in his speech just now, and it was obvious that he had also been to his peers, you must know that transparency and openness are the two most hated things in the hedge fund industry, and if you are an ordinary person, you will definitely not be able to enter the interior of these hedge funds. In this case, the client must have invested in another hedge fund.
"It must be a big customer, but I don't know if he's interested in angel investment! Either way, I'm going to make the most of this opportunity! The young man thought to himself.
"I see." Zhong Yi said casually. On the one hand, these hedge funds are not interested in orthodox economists, and secondly, which hedge fund in the market does not rely on macro strategies to obtain huge profits, and these macro strategies are naturally inseparable from the analysis of the economic situation, policies and future trends!
Although hedge funds with macro strategies are now the protagonists of Wall Street, in the long run, quantitative models are the main force in the market. And their profit model does not involve insiders, nor does it involve manipulation, but only operates by capturing some mysterious "passwords" in the market, so that they can live longer and make profits more durably.
"I wonder what you think about the Internet?" Seeing that Zhongyi lost interest in the conversation, the young man lost no time in throwing out a new topic and wanted to continue the conversation.
"Internet?" Zhong Yi tilted his head and glanced at the young man, and asked with some puzzlement, "Is this the network that is very popular now?" I think the potential is huge, and it's very convenient, and I believe it's a trend of the future. ”
Just a few years ago. The United States passes the high-speed network of Jihua. This Jihua is to turn the future development direction to the Internet industry, these preferences are naturally very clear, but he himself is not interested in the computer industry, and he only learned some simple programming when he was in school. So I played a haha. Vaguely responded with a few words.
However, the young man's words attracted the attention of Zhong Shi, who had not spoken all this time. Zhong Shi knows too well the great power of the Internet, not to mention anything else, let's talk about the rich people in the future. Many of them have risen from the Internet industry, and through the global connection to the Internet, the entire shijie has become a place that can be reached with the click of a mouse, a revolutionary change comparable to any industrial revolution in history.
Zhong Shi interjected: "I don't know what your attitude is towards the Internet? With that, he stared into the eyes of the young man in front of him to see what he could say.
The young man was obviously a little uncomfortable in the face of this kind of forced gaze, but he quickly reacted, turned to Zhong Shi and said: "According to my statistics, the number of Internet users is growing at a rate of 2,300% per year, which is more than any other industry, and I think it will develop into a huge market, especially in the form of the Internet." ”
"......" The shock in Zhong Shi's heart was incomprehensible, someone actually saw the broad prospects of the Internet, which made him have a strong interest in the person in front of him: "If you had to choose, what industry would you do on the Internet?" ”
The young man paused, unnaturally avoiding Zhong Shi's gaze, then sighed again, and said helplessly: "I have investigated dozens of commodity markets, and I think that we can sell books on the Internet first, and then sell some other things after expansion......
When he heard the book, Zhong Shi felt his head buzz, he couldn't listen to what the young man said next, wasn't it Amazon who started selling books on the Internet in the first place? This Internet company is one of the real giants, could it be said that it was founded by this young man in front of him?
"May I ask who you are?" Ignoring the rudeness, Zhong Shi immediately interrupted the young man's rambling, and he asked the name of the person bluntly.
"My name is Jeff. Bezos is a senior vice president at Shaw's Hedge Fund. Despite being interrupted, Jeff. Bezos replied politely, handing over two business cards.
"......" Zhongshi was completely petrified, it was him, and sure enough, it was him! Later generations only knew that Jeff Bezos worked on Wall Street before founding Amazon, but he didn't know that he was actually in the Shaw hedge fund in which he invested. At this time, you must not miss this future big financier, Zhong Shi quickly made up his mind.
"Since you have the intention of doing this, why don't you do it?" Zhong Shi knocked on the side. He had realized that Jeff Bezos had an idea to start a business, and it was a good time to cement his idea.
"......" Jeff Bezos muttered for a long time, and finally gritted his teeth and said: "At present, the start-up capital should be enough, but if you can find one or two angel investors, then ......"
"No problem, I can be your angel investor!" Zhong Shi took out the signature pen from his arms, wrote his contact information on the back of Bezos's business card, and then put his hands in front of Bezos, "Send your business book as soon as possible, I will be waiting for you at any time!" ”
"Isn't it just a Senior VP? As for this? After Jeff Bezos left, Zhong Yi couldn't help but mutter. He is very familiar with the various titles on Wall Street, although he is a senior vice president, but in fact he is only a middle level person, such as the associate, then the analyst, then the vice president at the bottom of the investment bank, and above them is the executive manager (exxcutivedirector), and the big boss is the managing director (managerdirector), although it is a senior vice president,But it's not enough to talk directly to Zhongyi.。
"You don't understand, you don't understand!" Looking at the figure of Jeff Bezos in the distance, Zhong Shi retorted proudly. For Internet companies, he has been salivating for a long time, and now he has finally found such a reason for him to participate in it, how can he not be happy! (To be continued......)
PS: Real people, Bezos did work in the Shaw hedge fund!