In 1927, Bulgaria was already one of the most prosperous countries in the world at that time, and its comprehensive national strength was second only to the British Empire.

Looking at these materials, Ferdinand was relieved that the data would not deceive. From the perspective of economic development alone, Britain, France and Bulgaria are now in a period of rapid development.

However, Britain and France are false prosperity, and what is fake is false after all, and the bubble will burst as soon as it is poked, it is only a matter of time.

Perhaps from the perspective of individual capitalists, the financial sector has the highest rate of return, followed by real estate, and these two industries are relatively less risky.

Of course, this is only for big capitalists and consortia, individuals or small capitalists, entering these industries will have to test their vision and luck, otherwise they will be ready to be swallowed up!

Ferdinand was deeply touched by this, and when he entered this ranks, he knew what was going on in the capital market in this era.

For those who made a fortune from stocks and became the richest man in the world, he can only say that he didn't wake up!

Invention and creation can indeed make you rich, provided that you have the ability to defend your rights around the world and strangle piracy in the cradle, otherwise you can sell three melons and two dates.

Like what to add an eraser to a pencil, or what to design a stationery box and other patents, if you are lucky, you can fool people to sell it, and plagiarism should not be too simple.

If there is a product that can be produced by a family workshop, there is no need to talk about patents, and it is impossible to defend rights at all.

This is still for the sake of his family background, giving a little face, and the remote areas don't even have meaning.

Compared with the large investment in the real economy, the slow effect and low rate of return, the financial industry in this era can indeed be called a huge profit.

Regular operations, doubling profits per year in the capital markets, were not a problem for Ferdinand. In the real economy, if there can be 30% or 40% of the profits, it is a profiteering industry.

Nor did Ferdinand do nothing all these years. Influenced by his previous life, he had seen many traversers break out with patented technology, so he naturally followed suit.

For example, I heard that selling stockings made billions of dollars, and then in 1921, Ferdinand made people come up with nylon stockings technology.

After it was put on the market in 1924, the effect was really good, and it was frantically snapped up by women, and then made a small profit.

What about the billions of dollars that were promised? Why is it that in more than three years, his total sales have not been less than 300 million leva, and he has not even sold 100 million dollars, so the rest have been embezzled?

Forget it, after all, the market is limited now, and the number of people in the world who can afford it is limited, he knew it in advance, and then Ferdinand came up with penicillin.

Thinking about the most profitable pharmaceutical industry and a wide audience, this must be a big profit.

That's right, this invention is really profitable, the profit margin is more than 300 percent, and the net profit received every year is hundreds of millions of leva.

Did Ferdinand make a fortune with these inventions?

The answer is up!

However, instead of making money by opening a factory, he registered a leather bag company in London, licensed the overseas production rights of these patented technologies to this company, and then established a factory to produce and sell them, and after occupying the LinkedIn market, he went public in London.

Next, speculate on the company's stocks and slowly cash out. This is a legendary high-quality enterprise, with a large amount of revenue every year, and with the development of the economy, the income will increase significantly.

Of course, the stock has risen again and again, and a factory with less than two million pounds of plant and machinery has become a giant with a market value of more than one billion pounds under a series of operations.

Ferdinand is quite disciplined, after all, this is a high-quality enterprise, and the annual profit of three or five leva is only more than a hundred times the operating profit of the city.

Anyway, as long as there are no problems in operation, pharmaceutical companies will not go bankrupt, and if luck develops a few new drugs, won't everyone make money?

Ferdinand, on the other hand, simply advanced the company's profits for decades to come, and sold it when the stock market price was at its highest.

When the economic crisis broke out and the stock price of the company fell, he bought it back and continued to play.

Is it possible that the capitalist world will not have a financial crisis for decades?

Obviously it doesn't exist, so this game can continue to be played, anyway, the patent is only an exclusive authorization, even if it is a game, he can still breach the contract and withdraw the patent right in advance.

Isn't it liquidated damages, which have already been prepared in the contract for minor problems.

Whether it's cheating people or making money, anyway, the law in this era is not perfect, and he is legal to "make money!" ”

How to operate depends on his discipline. Usually people don't do it all at once, and sheep shearing has to be done slowly.

Only by letting the stock market continue to rise and fall can we maximize the benefits, and the harvest should also be boiled in warm water, and continue to attract new people to come in, otherwise it will fall to the bottom at one time, and there will be no fun in the future.

If there is no one to trade, a certain stock is likely to stop at a certain position and not have major fluctuations for a long time.

In short, in the case of a good market, that is, hello, hello, everyone, even if the dealer is harvesting, the overall is still rising.

When the sheep are fattened, the economic crisis will almost come, and they can be slaughtered. At this time, if any problem occurs, it can be pushed to the market environment.

If it's even darker, take other people's companies to go public, earn a few points of commission as a securities company, and then use inside information to make money by making a time difference.

Ferdinand was a good man, he basically didn't play stocks, except during the big harvest season, he didn't usually do anything.

After all, compared with these low-level means, banks are more profitable, and using other people's money to make money is the best choice.

This is why, after so many years, there are only three or four similar enterprises established in other industries, and the number of banks has exceeded three digits.

As big as the Royal Bank, it has assets of tens of billions of leva, controls hundreds of billions of leva of industry, and its influence has spread to major countries in the world.

As small as a local bank, with assets of no more than one million yuan and no more influence than one city, the slightest wind and grass may go bankrupt.

In this era, the average life span of enterprises in the world is less than five years, and the average life span of enterprises that have the courage to expand and innovate is less than two years.

And the more chaotic the situation, the shorter the average life expectancy of enterprises in economically backward regions, and vice versa.

According to the survey, Bulgaria has the highest proportion of family businesses of any developed country in the world, with almost 95 percent of businesses being inherited from families.

Similarly, the average life expectancy of a business in Bulgaria is the longest in the world, with an average life expectancy of 25 years as of 1927.

If there was a curse saying that the average lifespan of a family business was no more than 25 years, then the largest wave of bankruptcies in Bulgaria's history is about to come.

Well, Ferdinand didn't take this legendary spell seriously at all, even if the average lifespan of a family business is only twenty-five years, it is much better than this average lifespan of only five years.

For example, the average life expectancy of a business in the UK is only 4.5 years, so is the UK plagued by a wave of bankruptcies every day?

With a bankruptcy rate of more than 20 percent every year, the London government still has to worry about death?

The answer is very simple, most of the bankruptcies are leather bag companies, and many companies have done one or two businesses from registration to bankruptcy.

As the base camp of capitalists, the leather bag companies of the British Empire are naturally indispensable, and the ultra-low life span of these enterprises naturally pulls the average life span of their enterprises.

In Bulgaria, the control is stricter, and if a company wants to go bankrupt, it is indispensable to be checked inside and out, and these bag companies will naturally be fewer.

The average life expectancy of large enterprises is more telling than that of small and medium-sized enterprises, and this data is difficult for statisticians.

Looking at this figure, Ferdinand didn't know whether to be happy or worried, the speed of accumulating capital in manufacturing was too slow, and from the succession to the present, few large enterprises have been born in Bulgaria.

In addition to government enterprises, or royal enterprises, the few large enterprises that have grown up independently, all of them are battle-hardened masters, how can they easily go bankrupt?

After all, Bulgaria has only been established for so many decades, and even if it continues to develop with a super high profit of 30 percent, its assets have only increased by 2.7 times after five years.

During this period, you can't have no personal expenses, all of them are invested in expanding production, the market is not so good, and you have to take into account the factor of inflation, entrepreneurs who can double their assets in five years are successful entrepreneurs.

Starting from a small factory with assets of tens of thousands of leva, no matter how you double, Ferdinand has been on the throne for more than 40 years, even if your assets have increased by 256 times, you have not yet touched the threshold of large enterprises?

As for the capitalists, who are themselves wealthy, the whole of Bulgaria is the king.

How can a small country that has just escaped the rule of the Ottomans and has been purged of the interest strata again, still have big capitalists?

Looking further back, after the outbreak of the Russian Civil War, the Russian capitalists who were displaced here, affected by the depreciation of the ruble, how much money could they have?

As an outsider, doesn't it take time to develop? If you want to build a large business in just a few years, you have to beat the endless competition, right?

Unfortunately, since the signing of the trade balance treaty between Bulgaria and Russia, mines in the Balkans have been shut down one after another, and even those that have not closed have been restricted.

Either sell the mine to the government at the market price, or keep it and wait for the policy to be liberalized, and then continue digging!

There is no way to count the average life expectancy of large domestic enterprises, and no one knows when they will go bankrupt, but it is obvious abroad.

The average lifespan of a large business in the UK is 28 years, and that's telling.

There is no doubt that these long-lived enterprises, most of the industries under the consortium, have deep pockets and naturally live a long life.

and the family industry of the big nobles, a hundred years of enterprises, but these enterprises are slowly growing, and they were very inconspicuous before, and they were even ignored.

For example, Ferdinand's wines can be declared time-honored, and although they have not been sold on the market before, the winery has been passed down for generations.

Now that it has developed and grown, Ferdinand directly announced that this is a time-honored brand that has been inherited for more than 200 years, and there is nothing wrong with it, and the Gotha family also had a wine estate two hundred years ago.

Now it is also the largest wine producer in the world, and it has put up the sign of the royal family, and from the very beginning, it has been a high-end product.

If you want to inherit and inherit, you want history to have history, you want humanities to have humanities, all of them are alive, and you can't think about business well.

It's a pity that in order to keep the brand, it has to be supplied in limited quantities, otherwise this royal winery is too worthless, how can it get the world's first wine brand?

It's not about wine anymore, it's about taste! The taste or something, as long as it is not worse than others, the same taste, pasted with different brands, that is a different price!

Even if the raw materials are produced in the Balkans, and the winery has only been established for so many years, since it is the king to drink, it must be a fine product.

Looking at Ferdinand, who was thinking about it, Konstantin said worriedly: "Your Majesty! ”

Seeing that Ferdinand did not react, he raised his voice again and shouted, "Your Majesty! ”

"Well, what's the matter?" Ferdinand asked rhetorically

Knowing that his thoughts had gone off track, Ferdinand still didn't mean to apologize, anyway, this was not the first time.

"Your Majesty, you are so engrossed, is there anything wrong?" Konstantin asked

"No, I'm just a little emotional, the British have such a thick foundation, they are so losers and they haven't lost their vitality!" Ferdinand said casually with an excuse

"Your Majesty, the British have already been wounded, and since the outbreak of the rebellion in Southeast Asia, the British have drawn nearly 300,000 troops from their homeland, and a third of them have been finished.

Add to this the battlefield in Afghanistan, and this loss will be even greater!

When this series of wars is over, they will have to pay at least hundreds of thousands of casualties, including pure-blooded Britons, how can they die forty or fifty thousand!

I heard that the mortality rate in Southeast Asia is very high, and it is not easy for those scattered troops to survive in the jungle!

In addition to the casualties, there was also a huge amount of war spending, London had already spent nearly 400 million pounds, and it would at least cost that much when it was over.

A year's fiscal revenues are gone, and the British government's financial situation is not so good, and their debts are estimated to be not much easier than those of the Russians! Konstantin said with a smile

Ferdinand nodded, the refueling tactic is the most costly, if the rebellion in Southeast Asia had just broken out, the British would have taken action, and it is estimated that the rebellion would have been put down long ago.

Or maybe after the outbreak of the rebellion in Indonesia, the colonial government was more vigilant, and there would be no more trouble.

"Well, let's put down the report first, next year's budget meeting can begin, finalize the budgets of various departments as soon as possible, and prepare early, so as not to be caught off guard in the end!" Ferdinand thought for a moment and said

"Yes, Your Majesty! Next year's budget meeting will start in three days, and we will have the final results before Christmas! Konstantin replied

"So be it!" Ferdinand said tiredly

……