Chapter 291: The God of Stocks Sends Money
"It's ...... Just kidding, right? David Gottsmann was the first to break the air of surprise on his side.
"You said that at the time, you must have meant to gain Steve's trust, right?" Although Charlie Munger was shocked by Roland's explanation of not playing cards according to the routine, after all, he has been up and down in the financial circle for many years, and soon thought of a reasonable explanation, "Steve's guy can't trust Wall Street the most, he was kicked away by those guys at that time, if you open your mouth and go for profit, then Steve will definitely not care about Steven's feelings, and will do everything to drive you away......"
After hearing the analysis of the two old friends, Warren Buffett also nodded in agreement.
looked at Bill Gates, who had just been scolded by himself, and wanted to get the right answer from him.
"yes, Steve didn't believe it at the time." Bill Gates said empathetically: "We all thought he was joking, and when Steve pressed him, he also told the reason and convinced Steve to ......"
"What is the reason?" Warren Buffett came interested, "Steve, that guy even had a day of being convinced?" β
David Gottsman and Charlie Munger also cast curious glances.
"Steve's cow was able to be convinced? It's a miracle! β
"Did you do something that no one on Wall Street did? If this thing is said, those guys will probably jump off the building! β
The red fruit gaze cast by the three of them made Roland extremely helpless.
After seeing his smiling face, Bill Gates, who had the meaning of revealing the truth, continued: "He said that the home computer market pattern has become stable, no one can pose a threat to Windows, and Apple must find new business growth points if it wants to make a comeback...... Of course, anyone can say this kind of thing, and Steve was voted out by those investors because he was stumbling in the field of home computers and not leading Apple to find new business growth points...... And after saying this, he briefly communicated with Steve, although I didn't understand what he said about the new business, but I was on the scene to witness it, Steve told him to shut up, because Steve was worried that after I understood, he would be interested in the new business they were interested in at the same time, and then ...... Forcibly intervening ......"
Yes!
I see!
The three old men, who were almost two hundred years old together, suddenly realized.
Although Roland has always believed that age is his biggest protective color.
But this thing, with the blessing of the background, is not worth mentioning.
If an ordinary person did such an achievement at Roland's age, they would definitely have a surprise and sigh at the result, and even if those guys didn't say that everything was all luck, these old men would attribute part of their success to the fact that Lady Luck had to rip off the pants of ordinary people.
And if it's people like Roland, they don't believe it, all success is luck, in the case of money and resources, if you still say luck, then this is really insulting their IQ.
can see that after the three old men gradually accepted Bill Gates's statement, Roland was really helpless.
I'm telling the truth! β
I've been going for my legs since the beginning! β
Why don't you believe it! β
In order to prove that what he said was true, Roland directly moved out of the deal that had just been negotiated, "William, what you said is not right......
"I also said before that investing in Yahoo is to make some money, and then sell it for Marvel."
"And I'm not doing these things now, aren't they?"
Although there were 'outsiders' present, Roland was not worried about leaking secrets at all.
Needless to say, the relationship between Warren Buffett and Bill Gates, Charlie Munger is Warren Buffett's golden partner, and the two have never been separated since Warren Buffett met him when he was twenty-nine years old, and David Gottsman ......
Roland didn't recognize him at first, but when he heard the name, he directly defaulted to his own side.
The reason is simple.
Because David Gottsman is a member of the Benjamin Graham faction.
Benjamin Graham is known as the 'father of financial analysis', the second generation of Jewish immigrants in the United States, Warren Buffett is his student, and his classmates, as well as Bill Ruan, the founder of the Sequoia Fund, Walter Schloss, the 'super investor', Tom Knapp, a decentralized investor who still makes crazy money when countless investors on Wall Street jumped off the building in 67 to 82, and David Gottsman, a partner of the First Manhattan Fund, and so on.
These were all guys in a pair of pants, and Roland wasn't worried that the rumors of insider trading would leak out.
It doesn't matter if you slip out......
Because the American Securities and Exchange Commission will never believe it!
And when Roland pulled out the shield of Marvel, the entertainment room suddenly resounded with cheerful laughter.
The four guys, who are two hundred and fifty years old, laughed and trembled, they didn't believe Roland's words at all, in their opinion, this guy in front of them was a comedian, trying to show his last stubbornness.
"Alright, we see what you mean, no need to explain anymore......"
Charlie Munger waved his hand and motioned for Roland to stop pretending, "Invest in Berkshire Hathaway because of Warren, invest in Yahoo because of Marvel, invest in Apple because of Pixar, invest in Microsoft because of William, invest in Amazon because of Ronald ......"
"We all understand! You're not going for these companies at all! β
"Alright, that's it! I'm afraid that if you continue, I'm going to die laughing here today......"
"Hahahaha......"
Seeing the old guys who pursed their lips and got up one after another, wanting to calm their minds with fruit juice drinks, Roland, who was sitting there, only felt that life was gloomy - 'Is this the trouble of the rich?' β
'Only a lie that is biased towards logic is the truth that people believe?' β
'Ahh This is too difficult for me to be honest and trustworthy! β
It seems that he found Roland's crying appearance, but it is more like only Roland is sitting there and does not move, so when he was taking the drink, a bunch of old men took the initiative to turn their heads and ask what the actor who brought happiness to him wanted.
"Coke? Fanta? Sprite? Minute Maid Source? Warren Buffett reported what he had in his fridge, "I only have Coca-Cola drinks, and I don't think you're going to like Pepsi, right?" β
"Huh? Right! Sprite will do the trick......"
Compared with Warren Buffett, Roland's previous life was simply weak.
No matter what the occasion, Warren Buffett's thirst-quenching tool will always be Coca-Cola.
Although Coca-Cola's spokesperson has changed one after another, those stars are really just tools.
Fans are there to tear up endorsements for their idols, but this act of buying and buying will never change the symbol of a company, just like Apple and Steve Jobs, Microsoft and Bill Gates, Coca-Cola and Warren Buffett......
They are the real carriers, irreplaceable.
After rejecting Roland's honest explanation, a group of happy fellows began to talk about other things.
Maybe it's because Roland's 'childish thinking' inspired them, but maybe it's because of the age gap that they see their youth, so the most difficult and ridiculous moments in their lives have naturally become the starting point of several people's conversations.
Although Roland did not experience World War II, and the nearest Black Monday existed in an unfamiliar cognition, this did not prevent Roland from leaning back in his chair and listening to the story with his legs crossed.
Due to the mixed background, and the positions of many backers are biased towards these old men, the atmosphere of the scene is still very harmonious.
When one unfamiliar name after another came out of the mouths of these guys, the old guys who thought that Roland might not know would stop and briefly introduce them, and with the emergence of Janet Yellen, the current chairman of the General Council of Economic Advisers, Kenneth Chenolte, the future chairman of the board of directors of Amex, and Louis Gerstner, who took over IBM in '93, Roland, who didn't pretend to be a beep when he just listened to the story, felt very high.
He took time out of his busy schedule to attend Berkshire Hathaway's shareholder meeting for the moment.
These people who have gathered together to grasp the network of trillions of capital are the core of the shareholders' meeting.
Of course, it will be tiring to always brag in front of the juniors, so after a brief recollection of the green years, the current philanthropy, the public policies being discussed, and the investment areas that want to be planned in the future naturally appeared, and when talking about investment, Warren Buffett also asked Bill Gates very bluntly: "Does Microsoft really want to buy Yahoo?" β
"Yes, the Internet is the future." Bill Gates nodded unabashedly and replied, "You want to try it too?" β
"He can't read the Internet, so he won't vote for the time being." Without waiting for Warren Buffett to answer, Charlie Munger said regretfully: "If he is willing to invest, then Roland's Amazon equity is ours." β
"Well, it's still the same ......," David Gottsman shrugged his shoulders and said to his old friend, "I thought you would try to analyze this line of business for the sake of the crazy spike in the stock prices of Internet companies." β
"All Internet companies are burning money now, and I can't see their profit points." Warren Buffett doesn't want to get involved.
"All industries have to burn money at the beginning of their birth." Bill Gates shook his head, disagreeing with his friend.
But just when everyone felt that the stubborn old man didn't want to continue on this much-debated issue, Warren Buffett suddenly denied Bill Gates's statement, "Yes, all industries do have to burn money at the beginning of their birth, but when many companies burn money, we can already see its future profits." β
"Just like Roland's R&K, which was proposed a month ago, this kind of company is the type I like."
WhatοΌ
Roland, who has been pretending to be new there and listening carefully to the big guy's nonsense, has countless question marks popping up in his head.
'This topic is chatting and talking, why is it talking about me?' β
βR & KοΌ Isn't this my personal brand on the fly? β
For Roland, turning himself into a brand is just a temporary idea after confirming that he can win the Oscar.
And for Warren Buffett, this is actually a bonus.
At first, he called Roland to come over, but it was because Roland beeped in front of his old opponent for a long time, and then he was invited by Bill Gates, and it was just that the old man wanted to see the young man who dared to release his own pigeon.
Except for these two points, there is no intersection between the two sides, to put it mildly, even if Roland spends a huge amount of money to become the thirteenth largest shareholder of Berkshire Hathaway, then Warren Buffett and him have nothing to talk about!
Hollywood guys have spare money and want to increase their value, so they buy stocks, this kind of layman-like investment, so that they can't pee together at all, the old man believes that talking to Roland about trend percentages, ratios, common stock earnings per share, dividend yield, price-to-earnings ratio, current ratio, acid experiment ratio, it must be a classroom, since the professional knowledge does not match, then ......
I really can only talk about gossip.
But chatting with someone you just met is really a waste of life.
If it weren't for the fact that Roland had a deal with Microsoft, and his teacher Steven knew Catherine of the Washington Post well, and was his own person inside and out, then Warren Buffett really didn't want to call him home.
Just meet at the shareholders' meeting, and don't waste each other's time.
However, after the Oscars, when the major print media frequently mentioned R & K, the old man became curious about the strange brand name, and after careful study, the old man was surprised to find that Roland was actually a business wizard?
"The annual transaction volume of the world's jewelry has been as high as 90 billion yuan, but our jewelry market has always been more imports than exports, with a large trade deficit, taking 92 years as an example, jewelry imports of 665 million US dollars, exports of 133 billion, and the annual sales of the entire market, there are 1.4 billion."
"In other words, nearly 50 percent of sales are occupied by foreign jewelry companies."
"In '93, our jewelry took the first step since the economic recovery, and according to the Rhode Island Jewelry Trade Council, the number of jewelers increased by 9 percent that year, bringing the total number to 8,08, of which 78 percent were retailers, 11 percent were manufacturers, and 10 percent were wholesalers, and they served customers between the ages of 20 and 45 who earned more than $20,000 a year."
"In fact, in my country, there is a jewelry exhibition every week, and more than 90 percent of people can name one or two jewelry brands, and more than 70 percent of people will spend at least 2,000 dollars on jewelry."
"But there is a problem with jewelers in our country, or jewelers around the world."
"The rough diamond market is a seller's market, and the diamond buyer needs to convince big sellers like De Beers to add themselves to the company's select customer list, and then attend the diamond auction ten times a year on time, where the buyer has to buy the rough diamond at the price and quantity specified by De Beers, and if it defaults, the buyer is already out of the business."
"Such harsh conditions make countless jewelers die every year. Not only that, but all the companies that sell jewelry, the meaning they give to the jewelry is never actually shown in front of the customer. β
"People only know that diamonds have a corresponding sentimental value, but they never see them."
"This has also made the jewelry industry always chaotic, and no one can achieve a monopoly."
"However, this situation of multi-party scuffle is about to end."
"When your R & K appears, I believe that those who have no way to give a realistic meaning to the jewelry in their hands will die completely, if you have to give an accurate estimate, I believe that in the case of sufficient funds, when R & K jewelry is listed, within five years can eat 80% of America's jewelry market, according to 92 years of 1.4 billion, annual sales will not be less than 110 million, of course, this is not the point, and after R & K overseas expansion, as long as the funds are sufficient, I believe that those jewelry brands that also have no story can only go bankrupt, and within ten years, R&K's global annual sales will reach at least 45 billion, and the brand value, I personally think, can surpass Microsoft. β
"I can't give an accurate estimate of this brand, but I believe that as long as you and Kate continue to maintain it, I think R&K has a chance to become the most valuable brand in the world......"
That's right, that's why Warren Buffett is willing to giggle with Roland!
Because after figuring out the idea of the birth of R&K, all jewelry brands in his eyes are garbage!
Harry Winston, the world's most famous super jewelry brand for more than 100 years?
Marilyn Monroe, who made this brand a hit, is long gone!
Cartier, known as 'the jeweler of the emperor, the emperor of jewelers'?
With the departure of Napoleon III, will anyone still eat your set?
Buccellati, who continues the noble bloodline?
Young people can't control the rich historical atmosphere!
After researching the world's first-line jewelry brands, Warren Buffett suddenly discovered that these century-old brands are all sold with a history that has passed away, and then a beautiful marriage that is almost mythical!
All brands are emphasizing that Marilyn Monroe has ever worn our wares! Napoleon III loved our masterpieces! Pope Pius XI and XII were very fond of our jewels! Our jewelry has witnessed countless loves!
Butβ
All brands can't be moved beyond words!
To put it bluntly, anyway, everyone can't move customers, so who wouldn't brag about it!
No one can expose anyone!
Then whoever blows the customer cool will make money!
The jewelry market is so chaotic now!
But with the advent of R&K, Warren Buffett feels that the braggart beep will definitely be crushed by the real bull beep!
According to the eternal Hollywood revenue allocation ratio, the box office of "Titanic" of 2 billion can drive at least 10 billion of the surrounding market, that is to say, after removing a series of film peripherals such as disc sales and single discs, there will be at least 5 billion hidden income, which will be pocketed by the producer.
But after considering that the real selling point of Titanic is not a movie at all......
All peripherals cannot be included in the expected revenue of R&K.
Because the guys who have watched the movie are all R&K's potential customers, and the guys who haven't watched the movie will have to choose this brand after R&K eats the potential customer base and grows savagely.
"It's actually a very simple truth."
"After R&K's products are launched, because of the Titanic, sales will definitely not be low, assuming that the first year eats up 10% of the market, then the jewelers who should have eaten this 10% will fall into a situation of imminent bankruptcy because of the trading model of rough diamonds, because the products cannot be sold, but De Beers forces them to buy rough diamonds, and with their deaths, R&K can continue to eat their vacated market, in the end, unless De Beers changes the trading model, Otherwise, the ten jewelry auctions a year are the sword of Damocles hanging over the heads of jewelers who have no stories to sell. β
"Actually, when I saw your R&K from Time magazine, I knew you were going to get into the jewelry business, so when William told me that he would have the bodyguard pick you up directly, I agreed with him, so now, do you have any intention of cooperating?"
"I know your uncle David is going to do all of this for you, but the way he does it is is too slow, and you need an angel investor right now, an angel investor who can help you open up the jewelry market, and I think our Berkshire Hathaway is very suitable for this kind of thing, a billion, twenty percent of the shares, what do you think?"
"Of course, although I opened a billion yuan, but the kind of thing that buys back shares, I will not ask you to do it, I don't have much requirements for this brand, I only have requirements for you as a person, I hope you can marry Kate within two years, and then go through your life in peace, as long as you can agree to this, we can talk, if you think that one billion is less, or I want more shares, you can find a professional to come to Omaha and slowly knock on the details with me......"
When Warren Buffett said the calculated words to Roland with a smile in front of David Gottsman, Charlie Munger, and Bill Gates, Roland, who had listened to it for a long time, was extremely excited.
'Hold the grass! This special mother is really professional! β
'This special code is the biggest gain this time, right? β
'Warren Buffett sends money to Lao Tzu? What should I do? Wait online, it's in a hurry! β
Roland does know that when his name becomes a brand, this transformation from a person to a symbol can bring him huge financial benefits, but the problem is that he has no idea how much money he can make from this decision.
Because he didn't know much about the jewelry industry, and he didn't even understand how it worked.
That's why he's throwing it all to David Olsen and making him sad.
But now, after facing Warren Buffett, the gap between the two sides is suddenly out.
The old man can tell him how to trade rough diamonds, the selling value of other brands, and the market share expectations after the product is launched, and how to use the rough diamond trading method to seize market share, so as to drag down competitors and achieve self-expansion again......
Although the old man said it very plainly and did not quote mathematical models, it was this simple statement that made Roland see the gap between himself and the big guy again-there are some things that cannot be made up by the background.
Of course, Roland was not discouraged, because he never felt that he was a cow.
If he is really bullish, he will be developed in his previous life.
As for Warren Buffett's request to get married and not be divorced?
This Roland is understandable.
It's like the rich generation usually doesn't get divorced.
When Yang Lan interviewed Bill Gates, the old man said-
The smartest decision in my life was not to create Microsoft, let alone philanthropy, but to find the right person to marry. β
Similarly, Warren Buffett, the old man, also made the same opinion -
The most important decision in life is not investment, but who to marry. β
For these capitalists, marriage is the most important investment in life, and there is no one.
If the woman has no added value except beauty, then this beauty is a commodity that is constantly depreciating.
At the age of 30, it began to depreciate, and at the age of 40 it fell to a low point, if the holder did not stop the loss in time, then it was not a brain disease?
However, if the stop loss is stopped in time, the expenses incurred due to the stop loss can make other investments suffer huge losses.
And if the other party has sustainable development resources, and over time, this resource can create greater returns, then this is the most ideal investment in the eyes of capital.
Because of this, the wives that these two old guys are looking for actually have the same commonality.
That is to turn a blind eye to a third party.
This added value may not seem to have much meaning, but not doing things when they are busy with their careers is actually the biggest support, because they can't tolerate having a beautiful wife come and backstab them when they are making money, and of course, not everyone can directly turn themselves into symbols like Roland.
It is precisely because this symbol is so scarce that it can even be said that the brand R&K has no possibility of replication, so the old man wanted to intervene in this business after seeing the opportunity.
This is a business that can see the expected returns, and it is a profitable business.
Of course, although Warren Buffett is now sending money to Roland, and Roland also understands that after receiving this guy's money, he will not only be able to realize his ambition of hugging the other party's thighs, but also let R&K step on the rocket, but ......
"Although R&K is my brand, it is currently under the name of the Olsen sisters' Double Star Group, and not only that, but this company is actually split between me and Kate, so ...... Whether or not to accept the investment, I have to go back and discuss with them. β
Roland felt that there was nothing wrong with his answer, and so did Warren Buffett, Charlie Munger, and David Gottsman, but just as they were about to make a verbal agreement, Bill Gates was sour.
"Oh! Roland, shouldn't you say no to Warren? β
βWhatοΌ Why should I refuse him? β
Roland was shocked, and the other three old men were also stunned.
Everyone looked at Bill Gates with strange eyes, and they thought this guy had something to say!
Roland was obviously brought by him, since this is the case, then Roland and him should be in the same camp!
Why is this guy demolishing Roland when he is talking about cooperation?
And after seeing the puzzled eyes of the four, Bill Gates directly turned over the old accounts.
"Last year, when I wanted to vote for Blizzard, didn't you just take Apple and reject me? You didn't choose to let me in when you didn't have a lot of liquidity, and now that you have money, why bother to play with Warren? β
'Hold the grass ......'
'Is this what happened?' β
Roland rolled his eyes, and he suddenly felt that Bill Gates and Warren Buffett were just half a pound against eight taels.
Dutema's grudge!
But just when Roland thought that Warren Buffett would change his attitude towards himself because of his friend's words, when Bill Gates babbled about the 'unfair treatment' he suffered last year, the three old men once again stared at each other.
A strange smile appeared on everyone's face, and after their eyes wandered over the two of them for a while, Charlie Munger asked, "William, are you sure you are very optimistic about his game company?" β
"Of course!" Bill Gates replied without hesitation.
βOhοΌ ShitοΌ You're misleading him, aren't you? David Gottsman laughed.
Even Warren Buffett agrees, "William, when did Microsoft get scared of its lack of content?" β
"Aren't you all playing with hardware manufacturers?"
"I thought you had invested in something with Roland?"
"As a result, after you cheated his Yahoo away, you also made him burn money in areas that you are not involved in?"
"You're too bad!"
'Wait! β
Seeing the three old men complaining about Bill Gates' black heart without any scruples, Roland, who was still happy because Warren Buffett gave him money, frowned, "I was deceived? What do you say again? β
After the words of wonder appeared, the three old men immediately burst into laughter.
They think it's really interesting to talk about business with a guy like Roland who is rich but doesn't know how to invest!
"Roland."
"Huh?"
"William told you that Microsoft is going to do home consoles, right?"
"That's right! So I bought a lot of game studios and was ready to develop games for Microsoft consoles! Any questions? β
"Ah, it doesn't look like a problem, but it's not the most lucrative business." Looking at Roland's bewildered look, Warren Buffett smiled and said: "A home console, and a home console with games as a selling point, the most important thing is performance, right?" And the performance is piled up with hardware, so buying shares in hardware manufacturers is the most profitable business......"
"If you buy it now, and when Microsoft gives them the order, won't the stock price skyrocket?"
"Then cash out and leave, won't the money come?"
"Although I don't do this kind of short-term, this kind of business is much safer than Paul throwing your money to George Soros!"
"Don't look at the fact that he offered you a sum of cash, but in fact, he hasn't told you the simplest business......"
Speaking of this, Bill Gates also showed a helpless wry smile, and after glancing at him, Warren Buffett didn't think much of a big deal and said the hardware manufacturers that Microsoft is cooperating with, "You Microsoft have been fighting with Nvidia recently, right?" β
"Nvidia is also looking to go public next year, right?"
"They're going to IPO before announcing a Microsoft order, right?"
"Are you embarrassed that you let him make content while not taking him to earn development funds?"
When Warren Buffett used a joking tone to expose Bill Gates' old bottom and say Nvidia, Roland, who was still wondering what these old fritters had done to him, rolled his eyes......
'Hey! What did I think! It turned out to be NVIDIA! β
'I know this thing!' β
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