Chapter 54 Analyst Graham and Trader Jesse
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At the high-level meeting of Robles Securities, the senior management of Robles Securities finally met with Situ Nan, the big boss behind the company.
"Ladies and gentlemen, this gentleman next to me is Mr. Stoney William, the majority shareholder of our company!" At the beginning, Robles pointed to Situ Nan, who was sitting on his left side.
"Wow!" Thunder on the ground!
There were more than a dozen senior executives of Robles Securities Company who attended the meeting, and they were already surprised that Robles was young, young, in his twenties, he controlled a securities company with a scale in the upper middle and upper levels of Wall Street, which was already very remarkable, and some senior brokers were speculating about the source of Robles's huge funds, and some senior brokers were speculating whether Robles was from a certain hidden family in Europe.
In the past two years, the company has been developing well under the leadership of Robles, and one success after another has conquered this group of proud guys, who gradually ignore Robles's age.
They didn't expect that behind the company was a Situ Nan who was younger than Robles.
Oh my God, is this still alive?
Man is better than man, more dead than man!
At the beginning, many people secretly sighed in their hearts, but their faces were not as excited as they appeared, everyone is an old man, and their self-control is still very strong, which guy who can mix on Wall Street is not a human spirit?
In fact, not only Situ Nan, Robles, most of the senior management of Robles Securities are young people, they come from prestigious schools, and have been engaged in financial careers on Wall Street for at least ten or eight years, and most of them have been more than 30 years.
Situ Nan stood up, nodded and smiled slightly, it was considered that they had met. The surprise in everyone's eyes Situ Nan had long been accustomed to it. Robles then continued with the company's top management.
Speaking of which, there are really a few **oss hidden in it!
Benjamin Graham, known as the "Godfather of Wall Street", is one of them.
Benjamin Graham was born in London on May 9, 1894. When he was a baby, he moved to New York with his parents along with the gold rush in the United States. Graham's early education was completed at Brooklyn Middle School. When he was a student at Brooklyn High School, he not only had a strong interest in literature and history, but also had an extraordinary love for mathematics. He likes the rigorous logic and corollaries of mathematics, and this logical intellect is always the most lacking in the financial investment market, which is characterized by blindness and impulsiveness.
After graduating from Brooklyn High School, Graham enrolled in Columbia's Aichan Fiction Network to continue his education. Although he had to work part-time to support his life and pay a lot of tuition fees during his study at Columbia Aishang Novel Network, he calmly faced all kinds of ups and downs in life, and under the guidance of a group of excellent tutors, he further integrated his head into books and learning, and continued to absorb nutrients from knowledge.
In 1914, Graham graduated with honors and second in his class from Columbia's Eschan Fiction Network. But in order to improve his family's financial situation, Graham needed to find a better paying job, so he gave up the opportunity to stay on as a teacher and began to enter Wall Street on the recommendation of President Cabel.
However, he did not enter the Newberg-Henderson-Rauber company that made him famous as in history, nor did he meet Newberg, who knew him, but accidentally entered Robles Securities, which was still a newcomer on Wall Street at the time.
Just because Robles Securities is $2 a week more than the salary offered by Newberg-Henderson-Rauber.
Gold always shines there.
Due to the shortage of talent in the early days of Robles Securities, a newcomer like Graham had to be entrusted with important tasks, and after working as an information officer for less than a month, Robles was promoted to the writer of the research report, and most of the agricultural survey reports provided by Situ Nan's food company for Robles Securities Company were turned into valuable futures speculation reports by the hands of the young Graham.
Within three months, Robles promoted Graham to the company's securities analyst.
After more than two years of hard work, Graham is fully familiar with a set of management knowledge of the securities industry, and understands the actual operation methods including securities trading procedures, market analysis, purchase and shipment timing, stock market environment and stock market sentiment.
It's a genius!
He has a keen eye for the financial markets, and although he has not yet grown into a financial theorist like in his previous life, his potential has been tapped.
In last year's battle against Coletheim, the company brought more than $500,000 in returns.
Graham made a name for himself on Wall Street as a securities analyst for his accurate judgment of investing in stocks, and is now the chief securities analyst at Robles Securities.
Looking at this young man with a full heavenly court and burning eyes, Situ Nan thought to himself: This is a piece of jade that has not yet been carved and has a slight luster, carefully carved, and it will become a great tool in time. This kind of talent must not be missed, even if he uses shares, he must be tied to Robles Securities.
In addition to Graham, there is also a super trader: Jesse Rivermore.
Born in 1877 into a farming family in Massachusetts, Jesse Rivermore was poor and unwilling to let Jesse Rivermore, who was not yet 15 years old at the time, run away from home to work as a low-paid market correspondent at the Boston Stock Exchange. Sitting in the business hall, as soon as the stock quotation of the market receiver came in, I had to shout at the top of my voice.
Thus began the legendary career of a trader.
His talent for numbers and his special knack for "index" gambling allowed Livermore to make a lot of money, but to the detriment of the profits of the shell brokers, and at the age of 20, the shell brokers in Boston and New York were banned from trading in the market (but he still traveled back and forth between the two shell brokers, jumping to another city if he was found in one city).
But Jesse Rivermore still got his way.
What made him famous was the 1906 railroad stock selling, when the Union Pacific Railroad's stock price plummeted from its highs due to the sudden San Francisco earthquake, and Jesse Rivermore made more than a million dollars in this speculation frenzy.
In 1907, when the stock market crashed, Jesse Rivermore went on a short-selling spree, making $3 million in a single day.
In order to save Wall Street, J.P. Morgan, the emperor of Wall Street, also had to pay tribute to Jesse Rivermore, asking him to stop shorting and appease this guy who was making waves on Wall Street.
It can be seen that Jesse Rivermore's influence on Wall Street has won the reputation of "the big short on Wall Street".
Jesse Rivermore has been famous on Wall Street for a long time, according to normal reasoning, Robles Securities would not have been able to invite this ruthless man who was born in the wilderness, but after 1907, Jesse Rivermore speculated on cotton, but suffered Waterloo, lost millions of dollars, and he had nothing but a lot of debt behind him.
Despite this, it took a lot of effort to get this **OSS to sit in Robles Securities, and his sincerity finally impressed Jesse Rivermore, and after promising certain conditions, Jesse Rivermore became the chief trader and partner of the nascent Robles Securities.
After the outbreak of World War I, Jesse Rivermore's optimistic about the stock price of steel and automobiles rose, and Jesse Rivermore's investment has finally improved in the past two years, especially after joining Robles Securities.
However, this guy came from a wild background, and he succeeded completely by his own talent, and he was not bound by the rules and regulations of large companies, and it was unkempt to attend such an important meeting today, his suit was always crumpled, and his tie was crooked. Robles was tolerant enough to Jesse Rivermore in this regard.
This is an unruly guy!
When Situ Nan nodded to him personally, he also gave him a casual look, a little cold, but don't geniuses have talents and pride?
Situ Nan didn't mind either, and smiled gently. He knew that if Graham was a master of theorists, this Jesse Rivermore was a complete man of action, and in addition to the Wall Street Big Bear, he also gave a louder title, which was the Wall Street Bear! Historically, during the 1929 financial crisis, Jesse Rivermore made a profit of more than $100 million in shorting the stock market!
"This is a genius for short speculation!" Situ Nan thought to himself, but if you want to speculate in the stock market, no one can compare to Situ Nan, but Situ Nan is almost cheating because he has the memory of his previous life, and he can't compare with a genius like Jesse Rivermore!
You can win for a while by speculation, but without the support of industry, it will eventually fail, and that kind of wealth will not last long!
Situ Nan knew that Jesse Rivermore's career went downhill after the success of the crazy short-selling in 1929, and the Securities and Futures Commission strictly controlled short-selling, and Jesse Rivermore's original tried and tested set did not work, and the business fell a little bit. In the end, he was destitute and committed suicide by swallowing money in the bathroom of a hotel. One of my last words to the world is: "My whole life has been a failure!" ”
There are no generals who always win in the market, and no one will never fail, but the key is that you can afford to lose, and you can come back after failure, like a big tree, some branches are cut off, but there will still be new branches that will grow back, and industry and industry are the foundation of this big tree. As long as the foundation is still there, you can afford to lose.
This is also the reason why Situ Nan has always been committed to investing in industry, of course, he will also do speculative business when it is critical.
Just like this U.S. Treasury bond, Situ Nan had to put down some important investment plans at hand and rush all the way to New York. For example, automobiles and banks, two industries, Situ Nan has made a lot of plans, but has not been able to realize.
Except for Graham and Jesse Rivermore, the other people Situ Nan was not impressed, but the people who could sit in this room were not ordinary people, and Situ Nan gave enough respect.
Of course, the first time we met, we were familiar, but the most important thing was the acquisition of US Treasury bonds held by the British.
The results are roughly the same as those discussed by Situ Nan and Robles, and it seems that this gang really has two ideas.
As the saying goes: "I can't bear the child can't trap the wolf, and I can't bear the daughter-in-law can't trap the pervert!" ”
In order to motivate them, it can be regarded as a test for the team under Robles by Situ Nan, the big boss, who announced that he would reward them with 5% of the speculative gains.
A total of $100 million in speculation! How much does a 5% reward have to be?
Hearing this news, the eyes of those ambitious Wall Street elites all flashed with greedy green light, and Situ Nan's eyes were also more enthusiastic and a little awe!
Well, the wolves looked like they were trapped, and Situ Nan nodded in satisfaction. But everyone has a color heart.,It's up to you if you can try it on the girl.。
Americans don't have the habit of talking about things at the dinner table, unlike the Chinese, who settle everything at the wine table. This comparison doesn't make much sense, it's just a matter of habit. (Of course, it is not excluded that some people can do anything when they are drunk····· You know, well, drunk, doesn't count! Drinking wine has the same function as a set of certain Cheng dù)
However, this matter is only known to a few people in the company, and everyone must keep this secret and not divulge it until it is successful. Robles solemnly warned you about this.
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