(Some readers think that the protagonist's hair will be fucked this time, with the urine of the old beauty, it won't change anything, when the time comes, it will fuck you when it's time to fuck you, and when you see that the high-tech field really can't compete, the hooligans start to play, and the protagonist's wave of Eagle sauce this time will of course only make them hate the protagonist more.) Mr. Luo: I don't have a lot of debts. . . ）

——

New York.

As Buffett famously said about investing: fear when others are greedy, and be greedy when others are fearful.

If it were to be interpreted as a one-act play, John Paulson would probably be the best actor.

It is worth mentioning that the current US Treasury Secretary Henry Paulson has the same name as him, but the things they do are very different.

This morning, 51-year-old John Paulson jogged along a lakeside trail in New York's Zhongyang Park, and unlike other relaxed morning exercisers, he looked frowning and preoccupied.

The North American housing market is in full swing right now, just like the foliage of this park, but this has made John Paulson's fund that specializes in shorting mortgage bonds lose money.

What's worse is that the news about the housing market is now overwhelming, with optimistic housing market experts and lenders constantly touting that house prices will continue to rise, or that federal authorities will lower interest rates to preserve the market.

However, John Paulson was convinced that winter would come.

By that time, even the most prosperous branches and leaves will wither away in the bone-chilling wind, but John has recently wanted to prepare for a second fund of its kind.

Jogging in New York's picturesque Zhongyang Park is a great way to relieve stress, and John tightened the zipper of his sweatshirt and picked up the pace......

A few minutes later, John's assistant arrived at the park and spotted him and rushed up.

"Sir, a mysterious investor contacted the hedge fund, and it was said that he had brought $3.3 billion in money that he wanted to entrust to the Paulson hedge fund."

John immediately stopped his pace and turned his head to look at his assistant, and said in surprise, "What did you say?" Three and three billion dollars? ”

His assistant nodded affirmatively.

John: "God, who is it?" ”

His assistant shook his head and said, "It's being checked, the information is from a trust fund that has just been established, but he wants to be with you in person, and he claims to have come to New York and hopes to meet you today, he said he's in a hurry." ”

John Paulson became more and more curious, but more excited, and was preparing to build a second fund of its kind, but he did not expect that investors would bring such a huge amount of money.

"Reply to him, I'll see you right away."

John Paulson did not hesitate at all, immediately ended his morning run, left the park, went back to take a shower, changed into a suit and leather suit, and then went to meet in person as soon as possible according to the address given by the other party.

……

About two hours or so later, John Paulson arrived at a hotel on Manhattan Island and met his mysterious client in a suite-sized living room.

"My god is you...... Mr. Luo? ”

At this moment, John Paulson looked at a young Chinese man in his sight with a stunned face, and he would not be anyone else except Luo Sheng.

Obviously, John Paulson knows his name, and it is impossible not to know him, Luo Sheng is now a well-known technology giant whether in Silicon Valley or Wall Street.

is also the world's first-class super-rich, and he knows all the celebrities on the rich list.

"You may be seated, Mr. John."

Luo Sheng said with a smile, Qin Weimu was also in this living room, but John basically ignored her.

After the shock, he almost digested it, and immediately sat down in the next seat and said thank you, and then John said: "I didn't expect that the mysterious investor I met would be the Internet giant that is in full swing nowadays, Mr. Luo, what I want to know is, why did you find me?" ”

Hearing this, Luo Sheng looked at the other party, did not shy away from the right gaze, and said lightly: "I have a sum of money in my hand, and I want to trust it to the most profitable hedge fund in the world to take care of it for a period of time, and now sitting in front of me is one of the most agile cheetahs on Wall Street." ”

John's heart moved, as if he thought of something and was quite shocked, but in the end, it was a member of Wall Street, Cheetah, his mental activity did not show it, but asked tentatively: "With all due respect, Mr. Luo, do you also see that the housing market is about to collapse?" ”

"That's right."

Luo Sheng admitted without hesitation.

At last, I saw him pick up the goblet on the table and gesture to John Paulson for a cup, then take a sip of himself, shake the wine in the glass, and said as if talking to himself:

"The North American housing market should have started to skyrocket in 2001, when Alan Greenspan, then head of the Federal Reserve, quickly lowered short-term interest rates from 6% to 1.75% in response to the bursting of the tech bubble and the panic caused by the terrorist events, and then to 1% for the next two years, and remained there until 2005."

"Excessively low interest rates have caused a flood of liquidity, the Case-Shiller index in 20 major North American cities has almost doubled in five years, and from the year before last year to last year, almost everyone was intoxicated by the fact that the market was in a good situation, and all financial institutions were doing subprime mortgages."

John Paulson's heart was shocked, although he knew that he was definitely not the only one who saw the potential crisis, but Luo Sheng's words were incredible, and from the other party's tone, it seemed that he had a premonition five years ago?

This......

Isn't he mixed with the tech world?

Crisis, in the eyes of short funds, is an opportunity.

At the same time, Luo Sheng continued unhurriedly: "I don't know if Mr. John feels it, since last month, the subprime mortgage crisis seems to have begun to take shape, and now the market is prosperous on the surface but has been facing great pressure, less than two months, there is no need for the housing market to fall, as long as the rise slows down, the crisis will appear." ”

At this time, John Paulson's heart turned to a great spirit, he didn't know why Luo Sheng was so sure, but it didn't matter, this was a good thing.

The second fund has unexpectedly fallen, as for the identity of the other party, who cares, in John's eyes, Luo Sheng is one of his potential big customers, just like other investors.

There is only one thing that maintains the bond between us, and that is ...... Franklin, green dollar bills, that's all.

I saw John nodding again and again: "I completely agree, my hedge fund's research department researched subprime mortgage products, and found through the established mathematical model that in fact, the housing market does not need to fall at all, only need to decline by less than 5% per year, then the subprime mortgage default rate will rise sharply." In fact, we analysed a lot of data and found that the default rate had climbed a lot before it peaked at the beginning of last year. ”

Speaking of this, without Luo Sheng opening his mouth, John hurriedly added: "But Mr. Luo, although I firmly believe that the housing market is going to collapse, I can't find a financial tool to express a definite point yet. ”

From the previous few paragraphs of the other party's sprinkled words, John Paulson realized that although the other party is in the technology world, he is obviously a financial expert, even if he is not, there must be a master behind him who is plotting.

When dealing with such a person, it is a wise choice to be honest, not to mention that the other party took the initiative to come to the door.

There are so many funds on Wall Street that hedge funds are not the only option, and John knows that very well.

Luo Sheng said bluntly: "You don't need to show me any theoretical model to prove the idea that the housing market will collapse, because I am more convinced than you that I have $3.3 billion of money here ready to be remitted to your hedge fund, and this will be the greatest deal ever, Mr. John." ”

John: "That's right! ”

It is enough to talk about the dealings between smart people.

The two sides hit it off, and within three days the matter was finalized.

Luo Sheng's $3.3 billion was remitted to the Paulson Fund, for which John Paulson's foundation will take 0.9% of the profits as a fund management fee, according to the agreement between the two parties, and John will also enjoy a large additional remuneration, which is proportional to the rate of return that the fund brings to investors.

It is worth mentioning that this agreement was not signed in Luo Sheng's name, he was very cautious, and John also saw that the other party wanted a low-key bloodbath.

But it doesn't matter to John, he just needs to invest the money in Paulson's hedge fund, even if the other party is not so cautious, John will not disclose the information of his investors to the outside world, even if the FBI comes to investigate, he will not hesitate to refuse.

After all, it's a matter of your career.

The funds will be used to sell CDOs cheaply and efficiently by shorting Bond Credit-Backed Debt Obligations (CDOs) secured by subprime bonds and purchasing credit default swaps (CDS).

John Paulson received a huge amount of $3.3 billion from Luo Sheng, which directly led to the birth of the second fund of its kind in the Paulson Fund.

The two funds he managed quickly rose to prominence on Wall Street, and over time, a flood of anonymous money poured into Paulson's funds, totaling a staggering $30 billion.

If the North American side finds out that Luo Sheng is one of the big shorts and makes a lot of money from it, they will definitely hate him even more.

However, for Luo Sheng, it is a matter of time before Lao Mei starts with him, and there is no reason not to take advantage of the opportunity to catch as much as he can.

……

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Chinese Net