Chapter 2: The Wolf of Wall Street

When Anne Hathaway pretended to be calm on the surface.

But in fact, he was nervous and served by two servants and a professional butler.

In the 7,500-square-foot Central Park luxury condominium restaurant.

While enjoying the beautiful view of the park while eating breakfast.

Abel Smith, already sitting on his Maybach 62, is about to arrive at JFK International Airport.

Looking out the window, the street scene of Queens, New York, flashes by.

Abel Smith couldn't help but think back to what had happened in the past ten months since he was reborn.

That's right, Abel Smith, who is twenty years old this year, is actually a reborn.

He was originally in 2022, an online writer of the Celestial Empire.

Once when I stayed up all night to write, I couldn't bear it and fell asleep.

After sleeping and waking up, he became an ugly college student at Rice University in Texas, USA, who had just passed the graduation season and got his academic certificate.

Just when he was a little panicked, the memories of the original body flooded in.

Having obtained the memories of his original body, he knew that his current name was Abel Smith.

The father's name was Alexander Smith and the mother's name was Emily Smith.

Alexander Smith is a typical Texas rancher.

For generations, he has been running a large farm in Tarrant County, Texas.

Smith Farms, which covers a whopping 6,500 acres.

On the farm, a large number of cattle and sheep are raised, and about 50 professional farmers are hired to work on the farm.

Of course, there are also supporting agricultural construction machinery and equipment.

The farm produces large quantities of beef, lamb and wool each year, as well as cotton, sorghum, rice and other grains, vegetables and fruits.

The Smith family relies on this farm alone and earns millions of dollars a year.

After deducting costs, the annual profit is about one million dollars.

So the original Abel Smith, although not very rich, is definitely the only child of a wealthy family.

What's more, his father, Alexander Smith, is also one of the 75 members of the NRA Council of America.

This identity is more powerful than Alexander Smith's millionaire who earns millions of dollars a year.

The reason is because the full name of the NRA Association is the National Rifle Association of America.

As for why Alexander Smith was able to become one of the NRA's seventy-five board members, that's another story.

Crossing the possession to become an ugly college student from such a background.

As long as he follows the rules of the red neck and follows the Texas rules, it is absolutely no problem to live a chic life.

But.....

Just when Abel Smith accepted his fate and planned to experience another life in the form of a high-class Texas red neck.

After being reborn, he found out.

My own golden finger is coming.

There seem to be two goldfingers.

One is that he has become very able to eat, and his body is very strong and good after eating.

This doesn't seem to be a golden finger, but it definitely doesn't hurt anyway.

Because this kind of strength is not only reflected in the physical aspect.

It is also reflected in the ability to reproduce......

Another special feature is really the golden finger.

That's what he discovered shortly after he was reborn.

He was able to see the hidden information behind the financial products!!

He tried,

With a principal of $1,000, in the foreign exchange market, you earn $30,000 a week.

This discovery immediately made him ambitious.

Soon after,

He took $70,000 with him and ran to Manhattan, New York, despite his parents' objections.

Because he thinks that this ability should be like a fish in water on Wall Street.

And that's exactly what happened.

With this ability to consume physical strength and spirit, he came to New York and was out of control.

He first used his principal of $70,000 to continue his adventures in the foreign exchange market.

In a month, the principal went from $70,000 to $1 million.

Then he went back to investing in precious metal futures, mainly London gold and London silver.

Another month, the principal turned into $10 million.

It took him three months to officially enter the U.S. stock market.

During this period, he occasionally went to the international foreign exchange market and the international futures market to play grass valley.

Wait until the end of February this year.

He is already worth more than $300 million.

Then he used all his net worth to launch short-selling and gambling through JPMG Bank and Goldman Sachs Bank, which he has been working with.

The content of the bet is the stocks of Internet listed companies that ran through Changhong in the middle of the day before March this year.

Such as Cisco, Microsoft, Dell, Yahoo and other companies stocks.

This decision,

In just a few months, he has already had a certain reputation on Wall Street, but he has been questioned and ridiculed a lot.

It is said that even Jim Rogers, one of the founders of the Quantum Fund, smiled and said to his friends after hearing his decision:

"This awesome little guy may have to flip a big heel fight this time!!"

Then the time entered March.

10 March 2000.

The tech-heavy NASDAQ (Nasdaq Composite) climbed to 5,048, while Abel Smith had a $250 million book loss.

If it weren't for the fact that he had invested new deposits many times one after another.

This loss was enough for him to be liquidated by the bank.

However, since 1995, the NASDAQ index has been on the rise.

After March 10, 2000, he was like a fat man who had taken laxatives.

Begin to pour out like a pour.

Although at the beginning, market analysts on Wall Street were saying that this was just a correction in the stock market.

It's a technical adjustment.

Don't panic.

But the NASDAQ index opened on March 13.

fell from 5038 to 4879, a drop of 4 percentage points.

This caused a knock-on effect of the market sell-off: investors, funds and institutions began to liquidate.

In just 6 days, the NASDAQ index lost nearly 600 points.

It dropped from 5050 on March 10 to 4580 on March 15.

The worst case scenario occurred on April 3.

This day is the day of trial when the federal government sues Microsoft.

The trial declared that Microsoft was a monopoly and would face penalties next.

The NASDAQ index, which had been wilting for twenty days, fell by 300 points on the day and then began to dive mode.

By the end of May 2000.

The Nasdaq index, which once reached 5,128 points at its peak, has only 2,650 points.

And at this time, Abel Smith, who was short more than a dozen large "DET COM" companies, including Cisco, Microsoft, Dell, Yahoo, etc., began to close his positions.

After closing the position.

With a total investment of $360 million, he doubled through various crazy leverages.

A profit of $1.23 billion was made.

At this time, his net worth had exceeded $1.5 billion.

And he shorted "DET COM", that is, the NASDAQ index, and became famous because of this.

The Wall Street Journal called him "a ferocious cowboy from Texas."

The New York Daily News was even more exaggerated, headlining his story with the headline "The Wolf of Wall Street is Coming."

With this short NASDAQ trade, he can be regarded as initially opening up the situation on Wall Street.

He then set up his own investment company, called Smith Capital.

The company was established in June, and two months have passed since then.

Smith Capital controls funds from $1.5 billion at the beginning.

That's $2.2 billion today.

But of the $2.2 billion, there is only one investor.

That's himself.

In other words, for two months, Smith Capital has not accepted investment requests from external investors.

It's not that he wants to eat alone, it's that he feels it's not the right time.

This is the general operation in the U.S. capital market since his rebirth ten months ago.

As for everyday life.

Well, it's the kind of boring life that rich people in the United States live.

For example, the encounter and story with Anne Hathaway is part of this boring life.

Since it is said to be partial.

Well, of course, Anne Hathaway is not alone.