Mel Pfister is having a good day.

Sodium citrate capital is the small character of Wall Street.

However, as the founder, Mel Pfister has earned enough respect on Wall Street, which does not match his net worth, and usually the amount of respect is directly proportional to the amount of money under his command, and inversely proportional to morality, and personal charisma...... Hey, it doesn't matter.

Although he is not very good at the moment in the eyes of Morgan Stanley and Salomon Brothers, at least the second-rate investment bank bosses on Wall Street are willing to extend an olive branch to him.

The so-called second-rate investment banks are calculated according to Wall Street standards.

In fact, each controls the capital plate that is timing, to the billions of dollars.

This is only one of the conditions for becoming a second-rate, money alone is not enough, it also depends on the level of people, especially the leader, the business ability of the CEOs of these investment banks is enough to go to the general country to be a finance minister or a central bank governor - but it is not to be loyal to the country is difficult to say, there must be professional ethics - the difference between the two is very subtle, but it is also extremely important.

And the boss of a first-class investment bank usually becomes the finance minister of the United States, and this is the powerful magic of Wall Street.

By the way, the Minister of Finance, the Chairman of the Federal Reserve, and the Chairman of the President's Council of Economic Advisers are habitually called the troika in charge of the economy of the United States.

Of course, in external propaganda, it is generally said that the president is as good as a stream, fully believes in the professional ability of professionals, and lets them do it, so as to achieve the source of the country's economic vitality.

Ahem, these three positions are basically monopolized by Jews.

As for the business capabilities of these second-rate and top-tier CEOs, Edward had a full understanding of this in his previous life, and under that financial tsunami, then Secretary of the Treasury Paulson called together the CEOs and chairmen of more than a dozen companies.

Divided into three groups, each responsible for estimating the total amount of toxic assets, proposing solutions, and being responsible for exceptions, so that each of the top managers with an annual salary of more than 10 million dollars actually sat together, like their researchers, and calculated the evils they created according to the business standard process......

Ideology aside, the professional abilities of these people are indeed uncomprehensibly strong.

At the same time, their work ethic ...... Belch...... To be honest, it's also very qualified - "After I die (I make money from the capital I managed), then he will be flooded!" ”

The reason why the United States has become the overlord of the Blue Star and has maintained it to this day is inseparable from his excellent talent selection system, of course, the cost is also huge, either other countries are unlucky (Greece) or they are unlucky (the previous collapses of Wall Street)......

Far from it

The reason why Mel Pfister has become a popular figure on Wall Street is inseparable from the operation mode of sodium citrate capital.

From the first day of establishment, the company's articles of association stated that "the company is a financial institution specializing in short selling." ”

If shorting is the devil's trade, then sodium citrate capital is probably Grazt's projection on Wall Street.

Shorting is a high-risk and high-return trading model, but in fact, going long can also make money, and make a lot of money, such as "Davis double-click" and the like, which is completely the only way to make a decent fortune.

After all, the rise can be unlimited, and the decline is at most 100%, in addition to sellbuy, the other three risks are acceptable, in fact, most institutions choose to be highly leveraged short generally hedging or hedging, and there are very few naked shorts.

But why are so many people still eager to short, and even a "professional" like Mel Pfister has appeared?

The reason for this is that it is worthless.

Short to make money quickly! In particular, the pure high-leverage bare space is simply cooler than opening a banknote printing factory.

Relying on the rise of stocks to make money is a decent routine, stocks are the current reaction to the future value of the enterprise, to evergreen (rice and China are opposite, green up and red down) at least the company's statement is good-looking, right?

In a fully competitive capitalist commodity economy like the United States, it is actually quite difficult to make the financial statements look good all the time.

Some people say that it can be faked......

But capitalism also has advantages, for example, the Securities and Futures Commission (SEC) is very good.

He has a unique reward system for whistleblowing, which gives the whistleblower a check (the prize is comparable to the Powerball lottery jackpot) according to the value of the case as long as the report is true, and promises absolute confidentiality.

In this way, I dare not say that there is no financial fraud in listed companies in the United States, but at least there are not many of them.

Therefore, to make more money, you must not only have a vision, but also have enough patience.

Use compound interest to grow with your business.

But this is clearly not in the nature of speculators.

Going short is simple.

Sodium Citrate Capital has only been established for three or five years, but it has achieved fruitful results.

The company's business model and steps are basically divided into four stages: investigation and evidence collection, secretly absorbing funds, issuing reports, and making money.

Mel Pfister is a workaholic, a workaholic in the true sense of the word, unlike the "workaholics" of the same period when people in the East went to the restaurant after work and then changed to three izakayas, and did not go home drunk until two o'clock in the morning.

Today is an ordinary day for him.

At six o'clock in the morning, Mel Pfister wakes up punctually and then turns on the TV to listen to the morning news.

Then he drank coffee at the dinner table and browsed the day's newspapers, and he subscribed to more than a dozen serious newspapers and periodicals at home, and he would browse them all over half an hour, especially the financial and political news pages, and of course the legal column was also very important.

There is so much to browse that the first thing his nanny does when she wakes up every day is to unfold all the newspapers and lay them out so that Mel Pfister is at her most efficient.

For example, the British old money needs a servant to iron the ink on the newspaper with an iron before reading the newspaper, which has never had anything to do with the Wall Street upstarts, although the ancestors of the old money are either robbers or robbers with aristocratic titles, but the precipitation of hundreds of years makes them look no longer so aggressive.

Wall Street newcomers don't believe it.

For them, all the red tape is to be thrown into the garbage, and they only think about how to make money with greater efficiency and make enough money.

At seven o'clock, he showed up on time in his office on the 28th floor of 14 Wall Street.

This is a neoclassical style building, built in 1910 during the period of rapid development of the construction industry (from the end of the 19th century to the beginning of the 20th century, the United States is a well-deserved infrastructure maniac, so that the old Europe is dumbfounded, of course, the feng shui turns, in Edward's previous life, the United States and the old Europe together in a country stunned and called not martial arts), originally called the Bankers Trust Company (Xinfu) building, is its headquarters office.

With the completion of the new building of Xinfu, the personnel of Xinfu were gradually withdrawn, and the building began to be rented out on a large scale.

Mel Pfister's office is more than 100 square meters, which is a lot of money.

But not for your own enjoyment.

For Mel Pfister, this office is his operational headquarters.

From 7 a.m. to 7:30 a.m., he is here to study information on global finance from various professional institutions.

At 7:31 a.m., the morning meeting began.

About 20 researchers, one by one, report market information, industry information and company status on their own research.

Mel Pfister is always noncommittal, whether it's good or not, but it would be a mistake to think he's a casual person.

In fact, he has a nickname, if you pronounce his name faster, it is Mephistopheles - the famous demon of European legend who shines in Faust.

The morning meeting lasted until 8:30, and for the next half hour, he would let the researchers he found interested stay, often with both excitement and apprehension.

The excitement is because it means that his report is valued, and Mel Pfister has always been generous in paying his rewards, and his worry stems from his barrage of questions and hideous face.

If he gets out of the office, it means that the researcher will soon receive a large dividend.

During trading hours, Mel Pfister shrunk in the office to stare at the market, he is a natural devil, and he can even judge whether the company is worth shorting purely from the market trend, and the success rate is not low, but he is not satisfied with this, so he has raised so many researchers, and he pursues a 100% success rate.

Again, after all, the risk of shorting is huge.

At lunch, he usually whispers with some well-known institutions and famous analysts, and others don't know what they are communicating, and only feels the wind gusting.

In the afternoon, it will continue to be the time to look at the market.

After the market closes, Mel Pfister will ask the researcher to judge whether it is an opportunity to open a short position based on the market trend and the research report.

After work, the researchers do not go home, they will carefully comb through various information to study the company's fundamentals and determine whether it is worth shorting on a large scale.

At the same time, they travel a lot, and the best way to find out what a company is really doing is to see it in person.

Mel Pfister himself was a great expert in this area, and before he had even made his mark, he took the number of trucks that squatted in front of the factory to deliver raw materials and shipments, and for three months he estimated the difference in the actual production capacity of this factory and the statement contained therein.

Or in the name of aerobatics, have people fly over the pasture in a plane, take a photo, and count the number of cattle on it......

They also pay to hire women who have lost their footings to have sexual encounters with company executives, and then knock on the side to get information.

The subordinates all said that Mephistopheles didn't mind selling their butts for news as long as they could.

Under his example, the researchers played this trick in a vicious way.

But it worked.

Under an in-depth investigation that even Jean Pinkerton praised, one company after another fell at his gunpoint.

Investigation and evidence collection is only the first stage, and the second stage is to quietly absorb funds and deploy enough weapons and ammunition in the secondary market with various financial instruments, while at the same time avoiding the leakage of rumors.

Sodium citrate is a short professional and has long been stared at by countless people.

If Mel Pfister buys a large number of short options on a company, then according to the virtue of Wall Street, he is afraid that he will already be a chicken feather if he confiscates the net, so he must quietly enter the village, use various means and accounts, disguise the short position as ordinary hedging or hedging, and even throw money in the stock market to pull the stock price of the target company as a trick if necessary.

The third step, and the most exciting part, is to publish the investigation report.

Rigorous logic and detailed data are used to prove that the target company is fraudulent in order to create an avalanche of its stock price.

This step seems to be the most convenient, but it's actually the hardest.

This is where Mel Pfister is powerful, or lacking in virtue.

Before him, the release of short reports was usually pre-market, such as the next night.

In this way, the stock price will fall at the opening, and the short seller can ship to understand.

But for some well-known companies, they will immediately fight back when they encounter negative reports - claiming that it is a shameless rumor, and they are extremely quick to fight back - after all, they usually know what they have done in their hearts, and they are ready to quibble when they are exposed.

In the face of the quibble of the target company, which usually seems to be quite reasonable, the stock price tends to stop falling and recover, which is not very profitable for the short seller.

Mel Pfister set a precedent for issuing a report after the close of trading on Friday.

The viciousness of this point in time is:

The market is closed for trading on Saturday and Sunday, and it looks like the target company has plenty of time to sort out the counterattack.

But this is exactly what Mel Pfister wants.

Often, his reports have a few small holes, which in Chinese parlance are flaws.

The target company's crisis communications team is not a dry meal, and will soon discover these vulnerabilities, and they will still make a big fuss along this line as the point of attack they think they have found.

As a result, he was led into the encirclement of Mephistopheles - he soon issued a second report, admitting that he had made some minor technical mistakes in the first report and was hereby corrected, and at this point the previous loophole was a swarthy cannon barrel aimed at the target company.

And in this way, it can occupy media resources and achieve the purpose of hype.

Due to his extremely solid basic research work, the target company's counterattack is weak in comparison.

In addition, the announcement was made on Friday, which showed strong self-confidence: "Lao Tzu gives you two days to see what tricks you can come up with!" ”

So at the opening of the market on Monday, the stock price of the target company dived.

With the back and forth of the two sides, the stock price curve fell straight down as if it had been filled with lead.

The ending is usually that the target company repeatedly quibbles, and after being repeatedly slapped in the face by Mephistopheles, he realizes that he is not quibbling but actually selling silver......

So he frowned and admitted that there was a small problem with the internal control system, and fired several middle-level and even high-level to deal with public opinion.

And the public relations department is all dispatched, advertorials are flying all over the sky, and the government relations are not to be outdone, bringing in a congressman to stand on the platform, of course, it may be that this deal is the master's......

At this moment, the stock price stops falling, and as time goes on to retire further, the stock price will slowly recover.

Mel Pfister took the opportunity to run out of the blood chips that he had sucked when the stock price hit a low, and one in and one out was a win-win - Mephistopheles won twice!

Because he won every battle, he was famous for a while.

At the moment, there is no need for him and his ammonium citrate capital to release a research report, as long as he Mel Pfister publicly says: "I see that there is a problem with xx stock, and I think about empty ......", then the stock price will immediately dive.

This time, he has his eyes on theaters across the United States.