443 Black Week
"Oh no!"
The company's stock price fell to the bottom, and Owen. Fisher hugged his head anxiously and muttered in pain, "How can this be?" With the strong U.S. economy as the foundation, the stock market will continue to prosper, why did it suddenly cause a stock market crash? β
His wife, sister, and children looked at the breadwinner with worried expressions, and they were speechless with sad expressions on their faces.
In the past few days, the stock market has plummeted, and the family has taken out the only remaining savings to save the company, not only failed to raise the stock price, but the new funds invested in it have also been trapped.
Irving. Fisher asked his friends in finance for help, but they either refused him or couldn't do anything about it.
Seeing that all the savings were gone, the whole family's mood fell to the bottom, and everyone had a gloomy face, holding back the fire in their hearts.
Perhaps, in the next second, someone will have such a complaint in his mouth: "It's all you, if it weren't for you, I wouldn't have traded stocks." β
Then the other party sneered: "Aren't you quite happy when you make money?" Now it's all my fault? "Even a big fight.
Everyone is familiar with gamblers who lose in a hurry, and they will make excuses for their failures in order to cover up their mistakes.
After all, there are only a few people who are really willing to gamble and lose, and the laity will definitely be angry.
"Someone must be maliciously shorting! β¦β¦ Damn, I knew it was them! Right! They must have taken revenge on me for refuting their false statements! β
Irving. Fisher hated, and then there was a minute-long curse on those who shorted the stock market for profit and for the stock market.
The same expression has appeared on his face these days, many times, although the hatred on his face has not faded. But the family was tired of it. Becoming formulaic in the eyes of his family. Not at all useful for actually solving problems.
"Maybe you should consider teaching at a university, Wall Street isn't for you, my dear!" The wife was silent for a long time and said such a sentence.
Irving. Fisher opened his mouth and looked at his wife, then at his family, did not speak, was silent for a while, slowly accepted the facts, sat down with a dejected face, and sighed.
If you say Owen. Fisher, an economist, has speculated in stocks. You can also go back to the ivory tower to teach, then Vidio. Kechens, the president of Goldman Sachs, had no family to return to, and now his story is circulating all over Wall Street, and he has become the laughing stock of Wall Street.
His radical strategy has caused Goldman Sachs to face a catastrophe, and the end will naturally not be too good, but the Goldman Sachs family, this tailor family from Germany, may really have to leave Wall Street and go to Brooklyn to resume their old business!
"I don't understand why you have a crush on a company with a share price of less than a dollar? In my opinion, it's good for nothing, and now there are too many junk companies like Goldman Sachs on Wall Street. β
Livermore asked Stuart South with a smile.
"Maybe it's a good ticket business, maybe I like the name? Goldman/Sachsβγ
Situ Nan shrugged. As he pronounced the name, he felt no more than himself. No one can understand it.
If there are no surprises, he will soon be able to complete the acquisition of Goldman Sachs at a very low cost.
However, even if Situ Nan buys Goldman Sachs, he does not intend to interfere in the development of the company, and he is destined to not see the day when Goldman Sachs will become famous decades later! Situ Nan shook his head again in his heart.
"The stock market hasn't fallen hard enough, you have to work harder."
At the end of the meeting, Situ Nan said this to Livermore.
Livermore nodded, watching Situ Nan leave in a dashing manner, but his heart was not as calm as it seemed, he and the demon angel investment company he led were part of the plan, and the man who gave him great trust and support didn't know how many more games he had laid out.
It's a hell of a trip that could change the history of Wall Street and even the United States.
Livermore was right, and soon Stuart met with Graham, another elite on Wall Street. The location is a coffee shop on the inconspicuous corner of Wilhelm Street, and few people would have imagined that there are two characters in a very ordinary coffee shop.
"Sir, I am honored to be touched by your invitation."
Graham glanced at Situ Nan and added, "Of course, I'm a little excited, even though I try not to do it.
After all, not everyone can sit and drink coffee with the powerful and mysterious Mr. William, can they? β
Now that he's inviting me to invite me to coffee on the street corner like a friend, doesn't that mean my chance has come?
Graham, who now works for Robles Securities, is surrounded by two powerful men, Robles and Livermore, and he doesn't think he's coming out of the ordinary.
Graham knew Livermore's story, and he knew exactly how the Demon Angel and Robles Securities were in a relationship with each other, and yes, they were planning to short the stock market, and he was one of them.
"I like your candor too." Situ Nan smiled and nodded, it was cool to talk to smart people, especially when the other party was still in tune with him.
"I've been following you, and from the moment you entered Wall Street and came out of Robles Securities, I knew you were a genius, not the same genius as Livermore!"
South Szeto Road.
"I'm glad you appreciate me, sir, and indeed I'm not quite the same as Mr. Robles and Mr. Livermore, and my experience and realm seem to be... It's a little bit worse. β
Graham said modestly.
Experience is not almost, and the comparison is between Robles and Livermore, which is really not a modest statement.
Situ Nan smiled secretly in his heart, compared with Livermore, who grew up savagely, Graham from a prestigious school is more tactful and calm, but the pride in his bones is not less at all.
Wall Street is fiercely competitive, and Robles Securities is a concentration camp for genius, and only the best will survive.
If you don't graduate from a prestigious school and have a good education, then you also have to be "born to eat this", such as Livermore.
If it's neither, then you might be a simple person with a lot of luck, like someone who shines shoes on Wall Street.
If in a few days, he takes out most of the stocks that he urgently needs to buy, and then holds them for a long time, the estimated rate of return will definitely not be a face "always bet on a certain country's football team to lose" The rate of return is low.
"The bull market is gone. Although many people are reluctant to admit it. In the stock market. Pick potential companies to invest in. I think your value investing theory will be very marketable. β
Situ Nan said directly.
"Of course, if I have the privilege of doing so."
Graham was secretly excited in his heart, the hand at the bottom of the table clenched his fist hard, and seeing Situ Nan's eyes became more eager, he felt that his opportunity had come!
After waiting for so many years, isn't it just waiting for an opportunity?
Next, Graham and Situ Nan talked about his theory of value investing, which was not only a theory that he had painstakingly studied. He also combines theory and practice through his experience at Robles Securities.
Situ Nan was a good listener, and occasionally made a little suggestion in a flash of inspiration, which surprised Graham.
"I don't encourage short-term speculation among investors, but focus more on discovering the intrinsic value of the company."
Graham emphasized, "When it comes to rational investing, mental attitude is more important than skill. β
Speaking of excitement, his eyes shone with wisdom.
Situ Nan silently looked at Graham, in a black and white suit with a wide forehead. Thin face, behind big black-framed glasses. His gaze is gentle but firm, with the occasional flash of wisdom, and this image reminds him of the two people he looked up to in his previous lifeβHong Kong City and Warren Buffett.
Especially Buffett, the more Situ Nan looked at it, the more he felt that the grandfather in front of him, whom Buffett admired, had a similar face and even a release.
However, now Situ Nan's role is Buffett, and Graham, who strives to show his eloquence, is an entrepreneur trying to win the favor of investors.
"It was a really great afternoon, interesting exchanges."
Put down the coffee, this is the third cup of Sumatran coffee, Situ Nan smiled slightly at Graham's expectant eyes, there was no local tyrant to say, "Lao Tzu is optimistic about you", with a wave of his hand, he smashed down 10 million, paused and thought about the schedule, "Three months at the earliest, at the latest half a year, I will arrange for some friends from William Financial Holding Company and William Foundation to listen to your theory again."
After all, we're going to do big things now, aren't we? β
Situ Nan shook Graham's hand, patted him on the shoulder, and left at the urging of his entourage, he was on his way to another important appointment.
Bankers in New York also noticed an anomaly in the stock market, with Morgan holding a meeting on a yacht in an attempt to reach some consensus.
But what agreement can a group of guys with ghosts and dismantling each other get together?
Situ Nan is not optimistic, but he is still willing to meet those sanctimonious guys.
Graham looked at the back of Situ Nan leaving, a little disappointed, and soon thought of William Financial Holding Company and William Foundation, and his mood suddenly became hot again.
"yesβbig deal!" Graham's lips curled slightly, revealing a smug smile.
This meeting strengthened his confidence that even without Situ Nan's support, he would stand on his own and prove his theory with practice.
He didn't know that the reason why Situ Nan postponed the time was mainly to let him, who had grown up from the prosperity of Coolidge and flourished all the way, see what a hellish stock market was, and believed that Graham would understand.
"Man, you're late, gentlemen, a little upset!"
Situ Nan came to the pirate yacht, little Morgan, oh no, old Morgan has died, now it should be called Morgan, Morgan teased Stuart Nandao.
This guy is like his father, with a clown-like red nose, and he has inherited the dangerous characteristics of the Morgan family even if he smiles at you, and there is a poisonous snake behind his smile.
Situ Nan glanced at the audience, and all the people who came were some big names, and the heads of Morgan Commercial Bank, Citibank, New York National Bank, and Chase Bank were naturally indispensable.
Of course, there is Robles. Mellon, William. Fargo, the two allies and partners of Situ Nan.
I saw Carl standing in the corner, with a complicated face. Hawke, Situ Nan was a little surprised, and couldn't think of how the heir to this steel and shipbuilding giant could also appear on the pirate ship.
This is really fate, the second time after the Titanic, he smiled and nodded at him.
"Hi Carl!"
The other party smiled back a little reluctantly, looking in a bad mood, and his brows were tightly knit. A twilight face. It's different from the swaggering son-in-law brother who used to meet.
At the next meeting of bankers. Carl didn't attend.
In the face of Morgan's run, Situ Nan naturally would not say domineeringly: "Which gentleman is not happy to stand up and let me see, I am happy and happy to see it, and there is a way to make you happy too!" β
"I've been here a few times, and this time I finally felt not only the enthusiasm of the owner, but also the feeling of being a big man."
Situ Nan smiled, picked up a glass of wine, and saluted the audience. The gentlemen responded either hypocritically or enthusiastically, with a knowing smile - weren't the big guys always the last to appear?
Situ Nan defused the small storm that was not worth mentioning with an understatement, but the meeting on the Wall Street stock market was unpleasant from the beginning.
Both the Morgan and Rockefeller consortiums noticed the William consortium's actions in the stock market, and tried to test and accuse Situan and Robles of creating turmoil.
Chevron Oil, Giant, Cummins Electric, and Chrysler Motors are all more or less slightly lower than their competitors, in fact, the William consortium has consciously sought a way out since two or three years ago, and its companies have cashed out to varying degrees, and the stock price has been squeezed out of some water.
Now they're hoarding a lot of liquidity, and it's safe, but what about companies like General Electric, General Motors, Citibank, and U.S. Steel still floating in the stock market?
You can get a knife at any time!
It's not that I'm afraid of being acquired. Just to make Morgan uncomfortable, yesterday Moody's Fitch Assessments downgraded GE. General Electric's stock price fell by $20 all at once!
"Except for William, other companies have been attacked by the assessment company, do you have any explanation?" Someone couldn't help but turn the question up.
"We?" Robles and Situ Nan glanced at each other, both of them at a loss, "What does the independent operation of the appraisal company have to do with us?" β
You're so good at acting!
Situ Nan and Robles commented on each other in their hearts.
"Didn't Wall Street spread the word that the Dow index depends on Rockefeller's mood? Hum! "William. Fargo snorted coldly.
Wells Fargo has the highest rating in Moody's Fitch Credit Rating, which is why many investors trust Wells Fargo, and they don't want to see Moody's Fitch attacked.
"John, you care so much about ratings, do you mean that the emperor of Wall Street, the conscience of the banker, Morgan, these two words are not as heavy as a small appraisal company?"
Situ Nan turned his head and teased Morgan.
It's not a small appraisal company, it's about to become the vane of Wall Street!
Morgan snorted coldly in his heart, looking at Situ Nan and Robles's eyes a little cold, he never thought that in the field of financial evaluation, the other party had surpassed Morgan.
Especially in the current grim situation, the appraisal company sings down a certain company, fools investors, and combines some means, it is really possible to send a certain company to hell, and the once arrogant Goldman Sachs company at the corner of the street is an example!
Of course, a giant like General Electric will not be easily defeated, and the other party will only cause some trouble at most.
Of course, Morgan will not admit that he is not as good as evaluating the company, he nodded and said confidently: "Morgan Firm is committed to protecting the interests of Wall Street, we have many allies, we have strong investors who trust us, and no one can defeat us!" β
Pursuing Moody's Fitch Assessments was just a bigger episode, and after skimming over the topic, Morgan began to take the initiative to meet.
Yes, he is increasingly seeing the stock market crisis, though underestimating its severity.
Many people believe that as long as more money is invested to save the market, the turmoil will pass quickly.
Perhaps Morgan thinks the same way, trying to save the market through the power of Wall Street banks.
"Stoney, what do you think?" Little Rockefeller suddenly asked Situ Nan.
Situ Nan did not say anything at the meeting, and the William consortium consisted of Robles and William. Fargo spoke, in fact, no one would ignore the silent Situ Nan.
"I saw the chicken thighs and the steak!"
Situ Nan snorted, as if relieved from the torment, and said apologetically, "What the gentlemen said is insightful, and I appreciate it." I'm more concerned about my stomach though. β
Morgan looked up, and the clock on the wall told these guys that it was almost eight o'clock in the evening!
"Once the stock market crashes, no one can run, and everyone will lose a lot. Gentlemen, it's time to let go of disagreements. β
Morgan emphasized.
Situ Nan didn't refute, with a faint smile on his face, he listened to Morgan's words.
Robles and William. Fargo also said that he would consider the alignment of interests on Wall Street and strengthen ties and cooperation with other banks, but did not promise anything.
If the William consortium disagreed, and the meeting did not reach an agreement, Morgan was already annoyed and regretted inviting these spoilers.
The William consortium is self-contained and powerful, and it seems that it is also prepared for this crisis, but it will be more troublesome for itself, and if you want to trouble them, you can only wait for later, and now you can only secretly keep them in mind.
Rockefeller Jr. saw that the talks were about to collapse, and said: "We are going to set up a bailout foundation, will Robles Securities Company and Wells Fargo stay out of the matter?" β
This question is more practical, bailout?
Don't say it so noble, the last time the old Morgan bailed out the market, he made really-
Under the questioning of Rockefeller Jr., Situ Nan and Robles had already planned to say that they would follow the story, which meant it.
Looking at Morgan's falcon-like eyes, he swept over himself from time to time, "Dead! You're in for a treat! This is no ordinary stock market crash! β
Situ Nan sneered in his heart.
I am even more determined to take advantage of this unprecedented stock market crash to bring down the Wall Street alliance led by Morgan.
When countless banks and financial institutions in the United States went bankrupt, Morgan's own vitality was greatly damaged, and he could only watch the William consortium name Morgan's friends one by one, and those who did not accept William's rule would be defeated.
Isn't it all the same with the urine of capital?
The next day, Situ Nan and Robles and others left the Pirate, and yesterday's meeting was full of contradictions between several parties, a briefing, and no one could convince anyone!
"It seems that they have made a lot of determination, and Citi and Rockefeller are on their side."
Robles said to Stuart South that with the exception of the William consortium, several other consortiums were more or less on Morgan's side in order to continue the prosperity of the past decade.
"They didn't do it voluntarily, they just rode the tiger. Even if we were prepared, we would have lost a lot, not to mention them! β
Situ Nan said seriously, the truth Robles naturally understands, but now it is just confidence, "The Securities and Futures Commission is nothing, Wall Street is self-contained, unregulated, God can't save the city, Hoover's remarks are just a laughing stock."
People who believe that the unregulated, greedy and selfish capital market will always prosper are either fools with ulterior motives!
Are you afraid of them? β
Hum!
Robles sneered: "Look how I clean them up when I turn around!" (To be continued.) )