Chapter 121 Moody's – Fitch (Part I)
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"Young Master, Mr. Mellon, the company has arrived. (The fastest update speed is on the Aishang Novel Network biquge.info)"
The car stopped, and Han Gang got out of the passenger seat and turned back to Situ Nan to open the door.
"Oh, it's here?" As soon as Situ Nan got off the car, he stood at the door of the building of Robles Securities. Compared to the last time I visited, it was much more lively, and the customers who came in and out of the door were Robles Securities.
"Not bad! It's much more lively! Situ Nan praised it, in a good mood.
"Yes. It's become a hot spot on Wall Street, and more and more investors are coming to our company. Robles said, "See, the Merrill Lynch on the other side will have a lot of customers coming to us!" ”
Robles looked a little proud, when Robles Securities and the opposite Merrill Lynch Securities Company opened almost at the same time, but the gap between the two years has widened, so he has the qualifications to be proud.
Situ Nan looked back, and the Merrill Lynch Securities Company on the opposite side was indeed a little deserted, and the door was crowded, not as lively as here.
Momentary pride does not mean that you can be proud for a lifetime, and the real winner is the one who laughs to the end.
Although Merrill Lynch is not as developing as Robles Securities, it is not standing still, but it is slower than Robles Securities.
With the word "Merrill Lynch" alone, Situ Nan will not underestimate the Merrill Lynch Securities Company that looks a little "sick" opposite, and you must know that Merrill Lynch's financial management has always done a very good job.
Situ Nan didn't answer Robles's words, and he didn't bother to splash him with cold water, smiled slightly, and strode towards the door of the company.
After entering the company, Robles, who was still a little ruffian just now, became a person, his tie and suit were neat, and his expression became stern and serious, not smiling, and he had the momentum of a superior person.
Walking all the way from the hall, the company's employees saw him respectfully.
The building has a total of 9 floors, the lower floor is the company's general business hall, the second floor is the VIP business office, and there are equity research department, investment banking department, private wealth management department, foreign exchange/bond department, commodity trading department, fixed income research department, investment management department, direct investment department, institutional equity department and other departments.
The businesses involved include stocks, bonds, foreign exchange, funds, futures, investment banking, securities underwriting, corporate financial consulting, institutional corporate marketing, private wealth management, direct investment, institutional investment management, etc.
Situ Nan walked all the way and saw that the company was in good order, and recently Robles Securities has recruited a lot of people, all major parts have been expanded, and the company's management has been strictly standardized.
Situ Nan was very satisfied with it, and felt that he finally had the appearance of a world-class company.
Situan's office was on the top floor, next to Robles's, but he rarely came once a year.
"Okay, tell me about the specifics and see what new plans the company has? I've just listened to you complain for a long time, and there's nothing substantial at all. ”
As soon as he sat down, Situ Nan lay on the sofa and made a train for a night, feeling a little tired, so he rested his feet on the coffee table, looking not very elegant.
If the employees below see it, it is estimated that the style of this world-class company will be blown into the Atlantic Ocean immediately.
"Hey, hey. I really have an idea! Robles laughed and threw a copy of the essay to Situ Nan. He also did the same, casually spread on the sofa, that is the appearance of Yan sù just now?
Situ Nan opened it and saw that it was an investigation report on a financial information agency, and after casually browsing it, he felt that it was nothing more than that.
In recent years, most of the important information of listed companies in the world's financial markets will not be disclosed, and investors only get very superficial information, so it is not easy for investors to obtain accurate financial information.
Moreover, it is common for listed companies to make false accounts, so investment has a great deal of blindness and gambling elements.
As a result, a number of financial information institutions were born, which gradually developed by evaluating enterprises and financial institutions and providing financial information services to investors.
In this report, Situ Nan sees some well-known evaluation agencies in history, such as Dow Jones & Company in New York, Dun & Bradstreet in New Jersey, and the New York Bureau of Standards and Statistics and Poole Publishing, the predecessors of Standard & Poor's Company.
However, Situ Nan generally does not look at these statistics, and he only determines his investment goals according to the empirical theories he learned in his previous life and the memory of his previous life. He generally doesn't think much about the stocks of historical brand companies, just buy them at a low price, and then plan to hold them for a long time.
"Say it! Tell me about your plans, my friend! Situ Nan casually put down the text and asked.
"Yes, I'm going to buy a few financial information companies, and then go through these companies to provide financial information to investors, especially to promote our investment projects, which will be of great help to our influence and business at Robles Securities." Robles laughed.
"Excellent! In that case, why not do it? Situ Nan said indifferently. He doesn't need these financial information companies anyway, but it doesn't mean that Robles Securities doesn't need them.
In particular, the current financial market is a bit chaotic, and there are hardly any financial supervisory agencies, so bold and lucky speculators can often take advantage of the information asymmetry to stir up trouble in the stock market and make repeated profits.
Therefore, having an authoritative financial appraisal agency to provide investors with accurate analytical information is indeed beneficial to Robles Securities.
"Since you agreed, then I'll go and prepare. Hehe, by the way, you said it would be good to buy those ones? That's my list, and Graham's analysis of these companies, how about you take a look? Robles asked.
Situ Nan picked up the report on the table again, and the investment targets on it were all outlined by Robles with a pen, and there was also a data analysis of each company next to it, which was very informative.
After thinking for a while, Situ Nan said: "Dow Jones Company is good, but it's not something we can get our hands on. The Bureau of Standards and Statistics and Poole Publishing have a Rockefeller background, and we can't argue with him. For the rest, I think D&B, Moody's, and Fitch are worth trying. ”
To be honest, the current two appraisal companies, Moody's and Fitch, are just like that, at least they don't see much advantage over companies in the same category.
However, they were the right choice, because Situ Nan knew that these two appraisal companies were not simple, and together with Standard & Poor's, which was later merged from the Bureau of Standards and Statistics and Poor's Publishing, they were known as the world's three largest financial appraisal agencies. The conclusions they draw are enough to affect the economy of a country.
But the future is the future, the present is the present, and it cannot be confused. According to the data, Moody's was originally founded by John Moody's in Manhattan, New York in 1900.
In 1909, he pioneered the credit rating of railway bonds, and in 1913 he gave credit ratings to utility and industrial bonds.
Fitch, on the other hand, is younger, having been founded by John Fitch four years ago, in 1913, and has done well in the past two years.
Although their strength is too far from Situ Nan's imagination, they are like babies, just stumbling to a start. However, the fame of Moody's and Fitch was so great that Situ Nan had to build a Robles to buy them.
"Moody's, Fitch? That's how you think of these two? Robles asked curiously.
(To be continued, please collect and recommend!) )
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