Chapter 424: Warren Buffett: Mr. Yang, I was wrong
Yang Chen and Buffett met in a hotel room.
Warren Buffett was very happy to share with Yang Chen the interesting things he encountered during his trip to Hangzhou, which basically had something to do with Brother Ma.
After chatting about the interesting facts of this trip to Hangzhou, Buffett said with a smile: "Regarding the investment of Chenjun Medical Group, our team decided not to invest for the time being after a rigorous review. It's not that we are not optimistic about Chenjun Medical Group, but we need more data to demonstrate. Mr. Yang also knows that I am a long-term investor, and I must be sure that I can make money before I can invest. β
Yang Chen: "Haha...... Never mind. This is not reluctant. However, I have to put it in front of me, if you miss this opportunity, you may not have the opportunity to invest in Chenjun Medical Group in the future. β
Warren Buffett: "Understood! If we really missed this opportunity, then we are to blame for our own lack of vision, and it is no wonder that Mr. Yang is to blame. β
Yang Chen nodded and said, "I have a better investment opportunity now, I wonder if Mr. Buffett is interested?" β
Warren Buffett: "What opportunity, please Mr. Yang to listen to it in detail." β
Yang Chen: "My investment team has found that the crude oil market is going to fall sharply, and I want to harvest the oil companies in the Middle East. I wonder if Mr. Buffett is interested in doing it together? β
Warren Buffett was stunned because his team had recently bought 8 million shares of Occidental Petroleum, and the total shareholding ratio had reached 23%.
The reason why they bought so many shares of Western oil companies is because the team's research shows that oil prices will be very strong for a period of time in the future, and there is a high probability that they will rise to a certain height and then move sideways, and there will be no decline.
In particular, the global economy has begun to recover, and the demand for oil in various countries is rising, and it is foreseeable that oil prices will be at a high level for a period of time in the future.
However, Yang Chen's investment team actually studied the opposite result, and they believed that oil prices would plummet, which made Buffett feel incredible.
Centron Investment has hardly missed a deal, so there is a high probability that the results of their investment team's research will not be wrong.
But Berkshire's investment team rarely makes mistakes, and Buffett was personally involved in the research, and he is confident that their results are unlikely to go wrong.
Of the two diametrically opposed results, one must be wrong, and whose result is wrong?
Warren Buffett smiled and asked, "Mr. Yang, what is the basis for your conclusion that oil prices have fallen?" β
Although Yang Chen didn't know how the system made oil prices fall, there were only a few reasons why oil prices fell.
Therefore, Yang Chen replied: "On the surface, the global economy is recovering, but the real situation is that the global economy is in recession. The country has serious inflation, which has led the whole world to follow inflation, people dare not consume goods, and a large number of factories have stopped working or reduced production. Empty piles of containers on the port, the world situation is unstable, tourism and other industries are still sluggish, and industrial production, land transportation, aviation, and navigation have reduced the demand for oil in all aspects. Major oil-producing countries are desperately increasing production, and there is a clear oversupply of oil in the market. The depressing effect of these problems on oil prices will soon explode, and we will definitely make a lot of money by shorting oil in advance now. β
Buffett can be seen that Yang Chen's opinion is just the opposite of his.
Warren Buffett believes that the economy is recovering, and Yang Chen believes that the economy is in recession.
That's why they came up with two diametrically opposed findings.
Warren Buffett smiled and said, "To tell you the truth, we have the opposite view from Mr. Yang. We believe that the world economy is in a recovery phase and the global demand for oil is increasing. The inflation problem you mentioned does exist, but the Fed has raised interest rates for the eighth time to deal with inflation, and the problem will soon be alleviated. So, I'm sorry, I may not be able to short oil with you. β
After all, it is an investment behavior that wants to invest real money, Buffett is unwilling, and Yang Chen can't force it.
"Okay! Then we will find another opportunity to cooperate in the future. I won't disturb your rest, goodbye. Yang Chen said with a smile, and then got up and left.
Walking out of the hotel, Yang Chen immediately gave instructions to the system to use the opportunity to suppress a certain industry.
Yang Chen: "Use this opportunity in the oil industry. β
System: "Receive the master's instructions, use it immediately." This process will take about three days, please be patient and wait for the effect to come out. The owner can short crude oil futures now, wait for the crude oil price to fall sharply to close the position, and then use the money earned to buy the bottom of the Jinbai oil and gas company. β
If this wave is operated well, it is not impossible for Yang Chen to earn trillions of meters of gold, of course, provided that he has enough principal.
Yang Chen came to his car and called Jin Ming.
Yang Chen: "Jin Ming, immediately use all the funds available to fully short crude oil futures or related stocks." If you can increase leverage, increase leverage, and increase it to the highest multiple. In addition, focus on shorting Jinbai Oil and Gas Company and try to suppress the company's stock price. We must grasp the timing of closing the position, prepare enough money to choose the opportunity to buy the bottom of Jinbai Oil and Gas Company, and buy as much as possible. β
When Jin Ming heard Yang Chen's order, she reacted the same as Warren Buffett.
Now that the global economy is recovering, even if oil prices cannot rise, they will definitely not fall.
What does it mean to short crude oil at this time?
Jin Ming: "We want to stud down the price of oil this time?" β
Yang Chen: "That's right! Stud pressured oil prices down and fought for control of the Kimbay Oil & Gas Company. β
Jin Ming: "Okay. Then I'll do it right away. β
Jin Ming is a smart person, and the boss has to listen to him.
And she also has experience, many times Yang Chen's orders are contrary to the mainstream opinion, but in the end, he turned out to be right.
Yang Chen held a view contrary to the mainstream view this time, although Jin Ming was very puzzled, he didn't say anything, just do what he said.
After the task was issued, Yang Chen let out a sigh of relief and went to solicit customers in a sports car.
In the room, the more Buffett thought about it, the more uneasy he became.
He still felt that it was impossible for Yang Chen to make a mistake just this time.
So, he quickly asked his assistant to convene a video conference with the investment team to revisit the outlook for the oil market.
Warren Buffett: "Yang Chen, the boss of Xingchen Investment, just told me that oil prices will fall sharply, and asked me to short oil with him. But the result of our research a while ago is that the price of oil will rise sharply, so we have bought shares of Occidental Petroleum several times, and now the shareholding ratio is as high as 23%. I believe that your research results will not go wrong. But Centron Investments has never missed a beat, and they have come to the opposite conclusion. Out of an abundance of caution and accountability to all Berkshire shareholders. I think we should have had a more serious discussion to see if there were any key points missing, which led us to the opposite result of Centron Investment. β
After listening to Buffett's words, everyone immediately said that they could not make a mistake, and it must have been a mistake by Star Investment.
Warren Buffett reminds everyone not to give conclusions casually, but to give comments after careful discussion.
The boss spoke, and everyone could only do it.
After three hours of discussion, they finally insisted that the previous findings were correct.
Buffett had no choice but to nod and accept the result.
Seeing that Buffett seemed a little uneasy, the team members spoke comfortingly.
"Chairman, don't worry so much, so many of us have studied the results for many months, there can be no mistake."
"I admit that the previous record of Star Investment is indeed very good, but that doesn't mean that they have always been right. In terms of probability, it's time for them to get it wrong once. Isn't it? β
"That's right! There is no winning general in this world, and it is time for Star Investment to fail once. β
"Regardless, we just make sure that our research is not wrong, and we don't care if someone else's research is the same as ours. If everyone has the same research results as we do, then we are not the only ones making money. Over the years, what other company has been able to achieve 30 times the revenue in 10 years like us at Berkshire? β
β¦β¦
Warren Buffett thinks what everyone said also makes sense, investment is inherently a few people make money, and most people lose money.
If other people's research was like theirs, Berkshire wouldn't have been able to achieve such a high rate of return.
But he didn't want to think about whether they would be one of the majority this time, and Yang Chen would be one of the few?
So Buffett smiled and said, "You're right, I believe our results won't go wrong." Then let's wait and see how much Centron Investment will suffer this time. β
"Haha......" everyone laughed happily.
They think so, then this time Yang Chen is going to give a lesson to the mythical old man Buffett in the investment world.
Tomorrow Maya will go to work at Haicheng Bank, and Yang Chen will come back early to accompany her.
After going to work, Maya could no longer cook a lot of dishes for Yang Chen every day like before.
So, tonight, Maya deliberately showed her hand and made a few dishes that she was good at.
After dinner and a shower, the two of them went to bed.
After finishing the incident, Maya lay in Yang Chen's arms and watched a movie, while Yang Chen watched financial news with his mobile phone.
Not long after, Yang Chen swiped a related piece of news.
"The United States has decided to increase the development of shale oil, continue to increase oil exports, and strive to reach 12 million barrels per day in the shortest possible time, and strive to become the world's largest oil exporter in the shortest possible time."
This news is particularly useful, and it is the news that Yang Chen wants to see.
Because in the absence of a significant increase in demand, a significant increase in supply will inevitably lead to a decline in oil prices.
It seems that the system is starting to work, and the United States has taken the lead in fighting the oil export campaign.
Half an hour later, news came out again.
"Saudi Arabia, the United Arab Emirates and other countries officially announced an increase in oil production, increasing crude oil production to more than 10 million barrels per day within a month, in order to cope with the export competition of the United States."
Then, Maozi, a major oil exporter, also issued an announcement that they would not increase production, but they lowered the price of a barrel of oil to 60 meters of gold, and did not rule out further price reductions to cope with the increasingly fierce competition in the international oil market.
You must know that the current international oil price is 70 meters of gold a barrel, and Maozi has been lowered so much at once, isn't this stepping on the horse just lifting the table?
The comment area of this news is very joyful, and the comments from netizens are particularly funny.
"η±³ε½: I want to be the world's No. 1 oil exporter. Saudi Arabia, the United Arab Emirates: Don't be delusional, we will keep the first place. Maozi: Made, more than 50% of my income comes from oil, so you don't give me food, do you? Okay, then don't eat it, Lao Tzu flips the table! β
"Holy! What does η±³ε½ mean? Everywhere I went to grab oil, I always thought they were short of oil. As a result, their reserves are so large that they still want to compete for the world's number one exporter. They have so much oil, why do they go and grab someone else's? β
"Lao Tzu has oil, but Lao Tzu just doesn't want to use his own, Lao Tzu just likes other people's oil, hey, Lao Tzu is just playing."
"Maozi's style of doing things is really as fierce as ever, if you don't give me food, then I'll flip the table, it's really not good Lao Tzu is in the urine, everyone don't eat."
β¦β¦
Yang Chen looked at the funny comments in the comment area and couldn't help laughing.
Maya tilted her head and asked, "Brother Chen, what are you laughing at?" β
Yang Chen: "It's nothing, I've seen interesting news." How long do you have your movies left? β
Maya: "More than 50 minutes. β
Yang Chen: "Oh, that's not in a hurry, you watch slowly, I'll watch the news for a while." β
A few minutes later, Buffett called Yang Chen.
The old man doesn't sleep in the middle of the night, why is he calling?
Yang Chen: "Hey, old man, what's the matter?" β
Warren Buffett: "Mr. Yang, I was wrong, or you are superior." I want to short crude oil with you now. You take me, and we'll do it together. β
It seems that the old man also saw the relevant news, knew that oil prices were about to collapse, and turned his head to seek cooperation with Yang Chen.
Oil is a hard currency, and all countries cannot do without it.
The world consumes 80 million barrels of oil every day, which means that the money on oil is inexhaustible, so Yang Chen does not need to hold on to Buffett's previous refusal to cooperate with him.
And Yang Chen went to Buffett to cooperate at the beginning, in fact, he had an idea.
Now that Buffett is actively seeking cooperation, he will continue to act according to the original plan.
Yang Chen: "Yes." I am going to focus on attacking Jinbai Oil and Gas Company, my own funds may not be enough, Mr. Buffett will work with me to buy the bottom, and in the future, when my funds are turned over, I will buy your shares at the current price. Do you think it's okay? β
The market value of Jinbai Oil and Gas Company is 1.8 trillion meters of gold, and such a huge market value is really a bit difficult to bite.
The scale of foreign exchange reserves held by Yang Chen and Xingchen Investment is about 500 billion meters, which are stored in more than 30 foreign banks, and it is impossible for him to mobilize all of them to specialize in Jinbai Oil and Gas Company.
Therefore, at this time, inviting Buffett to join the bottom-buying plan can take advantage of the turmoil in the oil market to lock in some more shares, and Yang Chen will buy it from Buffett in the future, and he can instantly become one of the main shareholders of Jinbai Oil and Gas Company, and may even become the controlling shareholder.
Warren Buffett is an old man, he instantly guessed Yang Chen's intentions.
"Do you want to take control of the Kimbay Oil & Gas Company?" Warren Buffett asked.
Yang Chen: "I'll tell you the truth." The old man is right, I want to control the Jinbai Oil and Gas Company. The old man's investment is all for high returns, and you are not interested in the management and operation of the company. And this time I'm going for a controlling stake, so I don't want to make a profit. The two of us can cooperate well to achieve mutual benefit and win-win results. β
Warren Buffett: "Yes! But Mr. Yang had to promise me two more conditions. First, if Chenjun Medical Group succeeds in the future, you will allocate me a little share. Second, when you buy the equity of Jinbai Oil and Gas Company from me, you have to buy it at a premium of 120% of the price at that time. Agreeing to these two conditions, I will go all out to help Mr. Yang take a controlling stake in Jinbai Oil and Gas Company. β
This old man is really greedy.
However, this is also normal, after all, he is an investor who invests to make money, and it is normal to be mercenary.
As long as it is a problem that can be solved with money, it is not a problem.
Yang Chen: "No problem! I agreed to the old gentleman's conditions. β
Warren Buffett: "Haha...... Well, we're done. Let's split up and short Kinbay Oil & Gas together. β
After hanging up the phone, Maya quickly asked Yang Chen what he was going to do to Jinbai Oil and Gas Company.
Yang Chen didn't lie to her, and told her the truth.
Maya is not afraid that Yang Chen will take control of Jinbai Oil and Gas Company, but she is worried that her parents and brother will lose a lot of money and will not have enough sources of income to support their lives in the future.
Yang Chen comforted: "If I take control of Jinbai Oil and Gas Company, I will definitely not ignore your parents." As for your brother, from the moment he almost strangled you to death, his life or death has nothing to do with you. β
Maya nodded and said, "Okay then." As long as Brother Chen, you can guarantee the life of my parents. It is definitely more beneficial for me to control the Kimbai Oil and Gas Company in your hands than in the hands of others. Oh, by the way, once you're in control of Kimbay Oil & Gas, be sure to help me teach Hillman's vile old man a hard lesson. If she hadn't forced my parents to marry me to him, how could I have been forced to the point where I couldn't go back to my home. β
Yang Chen: "Okay, this matter is on me, I will definitely help you take revenge." β
At this time, Prince Lanhild was in a nightclub.
Lanheed: "Zadubi, tell them that I've contracted all the spending tonight." But only if they shout together, "His Royal Highness Prince Lanheed is very honorable"! Haha......"
Zadubi nodded, and hurried to communicate with the DJ.
As soon as the DJ lady heard that Prince Jinbai was going to pay for the audience, she quickly turned off the music and said loudly: "Distinguished guests, let us welcome His Royal Highness Prince Lanheed from Jinbai with the warmest applause!" β
The spotlight was locked on a smug Lanheed, and the audience cheered and applauded.
Lanheed felt that this was the right way to open, and he should have been the focus of the whole room.
Then the DJ lady said: "Prince Lanheed said that he will pay for tonight's consumption. Let's shout "His Royal Highness Prince Ranheed is incomparable"! I'll count one, two, three, and everyone shouts together! The shouting is not neat and loud, which is related to the question of who will pay for everyone's consumption tonight. You have to be serious. One! Two! Three! β
Someone treats, who wouldn't?
Shout and shout, and there is nothing to lose, and I will open a few more bottles of good wine to drink.
"His Royal Highness Prince Lanheed is extremely noble!" The audience shouted.
Lanheed nodded with great satisfaction, and then shouted: "I'll pay for all the consumption tonight!" Let's have fun! β
The scene was immediately excited, and the guests frantically asked for wine, and they all asked for expensive ones, and no one wanted beer and cocktails.
In just ten minutes, the bar's inventory of RomanΓ©e Conti, Ace of Spades and other more expensive liquors was all swept away.
The bar hurriedly transferred the goods, and asked for the expensive liquor from the surrounding bars and sold it to customers at a higher price.
Because Lanheed pays the bill, everyone doesn't care how much it costs.
When Lanheed was about to leave, the manager brought the bill.
"Your Royal Highness, this is the consumption list so far. A total of 15.828 million were consumed. You can take a look at your bill and ask questions right away. If that's no problem, I'd like to ask you to buy it. The manager said with a smile.
Lanheed: "Don't check, hurry up and pay the bill, I'm going back to the hotel to sleep." β
The accompanying financial clerk hurriedly swiped the UnionPay card to pay.
Cashier: "Sorry, you can't get money out of your card." β
The atmosphere was awkward.
Is this pedal sure to be a prince and not a liar?
(End of chapter)