Chapter 265: The Chaotic Railway (Part II)

After meeting the representative of the Morgan consortium, Elton realized that in fact, the representative of the Morgan consortium did not look very scary, as long as he was ready to give up the right to control, the others were not particularly difficult. Of course, the price offered by the guy from the Morgan consortium is not high, but it is not unacceptable. Moreover, the Morgan consortium did not act badly when they took over the railroad, and they did not kick Elton away immediately, in fact, most of the affairs during the construction of the railroad were handled by Elton, after all, he was more familiar with it. And on the issues that Elton can't solve, the guys at the Morgan consortium have a lot more to do. For example, after hearing Elton's complaints, the people of the Morgan consortium successfully bought the land after using it for a few days.

"You spent $10,000?" Elton asked, surprised.

"How is that possible? Where is that land worth so much? Mr. Hyde replied, "We only spent about three hundred dollars." ā€

"This? How is this ......?"

"That guy's son happened to get into big trouble because of a little thing, and we helped him solve it, and he sold us the land for three hundred dollars." Hyde replied without changing his face.

……

"Morgan invited you to go to his 'pirate' and talk about the current deal?" Dorothea leaned back in the rattan rocking chair, swaying comfortably, and said in a leisurely tone, "Well, do you really want to go?" ā€

"Now that we've hyped up the boom in the construction of railways, and some of the most valuable railways are basically under my control and his control, the Europeans have started to invest in railways like crazy. To say, the basic big things have been decided, and now there are actually no big things, just to coordinate the next move. If you want me to say, this kind of thing really doesn't have a big deal, I'd better stay at home with you. Scrooge sat next to him, smiling at Dorothea as he reached out to stroke Dorothea's bulging abdomen.

"Hmph, I can't say I can't go, but I actually want to go in my heart." Dorothea stretched out her hand and opened Scrooge's hand with a snap, "I heard that Morgan found a lot of beautiful women on his ship as flight attendants, and even found someone to design a special outfit for them, well, it is said that it looks dignified and full of temptation, I want to see it, dare you say you are not interested at all?" ā€

"How could I be like that?" Scrooge said, "Well, let's let Carol go for this meeting." Anyway, he represents me as well. It's just that, compared to Morgan, Carol is still not flexible enough, well, let John accompany him on a trip. John was still a little more business-savvy. ā€

"Cut! After talking for a long time, the fox's tail was finally revealed. Dorothea gave Scrooge a blank look, "Forget it, I'll help you find an excuse: Carol is busy enough, and now you've put some things on him that were originally my care, and Catherine will die of distress." As for John, well, he's very powerful, but he's also very busy, and besides, they didn't care much about this before, and now they can figure it out all at once? What do you think? This excuse is definitely convincing, right? ā€

Seeing that Scrooge was stunned and speechless, Dorothea laughed again: "Besides, I can't delay you from earning money for our children." Well, how can I still steal your hind legs? Alas, Scrooge, look, I'll teach you the technique of making an excuse. Okay, don't look aggrieved. Go ahead. Don't toss Carol. Anyway, I can't keep an eye on you when you need to run outside so much. The only thing you have to remember is that you can't make any mistakes out there, no matter what. And don't make any illegitimate children or something, if you get it, the family can't admit it! ā€

……

"Scrooge, if you want to say that the boat you built is really good, very comfortable." On the wide foredeck of the Corsair, Morgan said to Scrooge with a beautiful woman in his arms and the railing on the edge of the deck with the other.

"Now it's our shipyard, so it's our ship." Scrooge replied with the same arm around a tall girl with a thin waist.

"Not really." Morgan said, "Although I have the majority of the shares in the shipyard, as long as the big real yĆ n room is in your hands, the shipyard is not worth mentioning." If we really turn our faces, you can pull another shipyard out in a minute. Hmm, do you have any new toys in your room? ā€

"When you say it, there really is." Scrooge said, "Remember the submarines that the Southerners built during the Civil War? We're working on that as well. But that thing can't make a yacht, and it's very slow, and there are still problems with safety. ā€

"Then don't mention it, when there is a better yacht design, don't forget the old customers."

"Wait for a vote to be earned, and something new will probably come out, maybe it can reach more than thirty-five sections." Scrooge knew Morgan's preferences and deliberately dragged his voice out for a long time.

"Thirty-five?" Morgan's eyes lit up immediately, but he immediately reflected, "You're trying to lie to me again, it's like the last boat, and it's not even as good as the previous one, right?" ā€

"Well, it's basically just a fishing boat. It's too small, but it's a few hundred tons. But you're really not going to try? ā€

"Well, although I know that most of them will be deceived by you." Morgan smiled, "However, I guess I still have to be deceived by you!" Alas, anyway, the money earned is also for spending, and spending money blindly is also spending. Well, haven't our European friends already started spending money blindly? ā€

Driven by the tide of American railroads, European idle money began to enter this market continuously, especially Joshua, who moved so fast that he took down nearly ten railroads under construction in one go, two of which were almost completely parallel, and the distance between them was less than ten kilometers - how to look at one such railroad is enough. (At its peak, the United States had more than 400,000 kilometers of railroads, and only 200,000 kilometers were left that are still useful today.) Some people say that this is because the American highways have robbed the railroad business, which has some truth, but it is not necessarily true, and another important reason is that there are too many completely unnecessary duplicate constructions like this in the railways built in the United States at that time. Looking at the maps of new and to-be-built railway lines along the hundreds of kilometers of the Pacific Railroad, Scrooge suddenly remembered the plan for the construction of 200,000 kilometers of railways in China drawn by a certain winner in his previous life, Lori's Friends. Well, if you look at this picture of the United States now, you can understand that people have definitely drawn it seriously according to the experience of advanced countries. Even, as long as a plan for the construction of a large-scale railway is formulated, the European fools and North American fools will automatically pounce on it and pay for it, which is honestly based on the experience of advanced countries. )

"It's a pity that this time it is estimated that Joshua will not be able to pit Joshua." Scrooge smiled.

"yes, it's a pity!" In front of Scrooge, Morgan almost never hid his resentment towards the Rothschilds.

It seems that Joshua's investment has no brains at all, and most of the money he bought is junk railroads. But this shows that this guy has completely seen through what this railway feast is all about. Joshua was not an inexperienced newcomer, and he had been even cautious before. What he is doing now only shows is that he doesn't see railroads as an investment at all, but as a game of foolishness.

The so-called game of foolishness refers to the fact that in financial investment, although you know that something you want to buy is not worth so much money at all, or even not worth it at all, it is definitely a foolish practice to buy it at such a price. But knowing that this is a fool, the investor hopes that he can find a fool who is even more stupid than himself, and then sell the to him at a higher price. The earliest capitalist economic crisis of mankind, the tulip craze of 1637, is typical. Even the most stupid people know that a tulip bulb could not have been worth 1,668 guilders in 1637 anyway, and its actual value is known to everyone.

"Because the ultimate goal of the capitalist is not to produce a product, but to make a profit. So almost every once in a while, they try to skip the production process and get straight to the profit. This is Marx's description of the capitalists. Especially when the real economy begins to see a decline in the rate of return on investment, almost 100 percent of the so-called "financial innovations" will emerge. In fact, whether it is a pyramid scheme or a higher so-called financial bubble, most of them are this kind of foolish games.

Is it possible to make money playing this kind of game of dumbness? Of course you can, and you can make a lot of money. There are generally two ways to make money, one is to be a bookmaker, just like Scrooge and Morgan, the whole trend is what they stir up, the most organized funds are controlled in their hands, and the most insiders are under their control, of course they can make a lot of money. The other is the way for the player to make money - after the trend is formed, fast in and out. The trend of Bo stupidity has just formed, and it will be killed immediately (too early, in case the dealer is not organized, and the situation of Bo stupidity is not done, it will be a loss), make money, and immediately withdraw without hesitation, don't always think about high points. Especially when you have already earned it and hear the so-called good news that is widely circulated, you should run quickly. In his last life, Scrooge experienced a foolish frenzy in the stock market in the rabbit country, a large group of people wanted to have no performance, and they wanted stocks with no future, and they rose to more than 6,000 points in one breath, and a large group of people were still shouting, they would definitely be able to go up to 7,000, and a group of people swore that considering the influence of politics, at least before the Olympics, it would definitely not fall. At that time, a friend of Scrooge's previous life heard this, and without saying a word, he immediately wiped out the stock in his hand. He said to Scrooge at the time: "This kind of statement must be a cover for the banker's retreat." ā€

Looking at the way Joshua entered the market now, this guy definitely had such an idea. r1o58

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