Chapter 163: What Brings Wall Street Giants Together

Abel wanted to say hello to Ikana's father and daughter.

But tonight, in the midst of this cocktail party.

Without a doubt, he is the one who has attracted the most attention.

He had barely taken two steps before he was stopped.

The man who blocked him was called Richard Forder.

The two had not known each other before.

The name Richard Fored is a very prominent one on Wall Street.

He is the CEO of Lehman Brothers, one of the four largest investment banks on Wall Street.

Business Week once called Richard Ford "the bulldog of Wall Street" and is one of the famous giants of Wall Street.

"Hello, Mr. Smith. I'm Richard Forder."

The CEO of Lehman Brothers is a white-haired black-haired Italian-American who has been at the helm of Lehman Brothers since 1994.

"Hello, Mr. Fulder. I'm Abel Smith." Abel smiled and shook hands with him.

Today's cocktail party of Smith Capital invited CEOs of major investment banks and financial groups on Wall Street.

The CEOs of the four major investment banks are all invited.

Dare to invite these four CEOs at a time, and there is a high probability that they will come.

This is why Abel is now in a state of Wall Street's sweetness.

And tonight, Abel also used his killer tactics against Wall Street.

I dare to do such a thing.

Next to Richard Ford stood Bryn Boulley, the chief financial officer of Lehman Brothers.

The last time Bryn Bouli was at the Hilton family banquet, Abel already knew him.

Later Smith Capital's first private placement.

It was Bryn Buley who contacted Smith Capital on behalf of Lehman Brothers.

Among the $3 billion private placements, Lehman Brothers has the fourth share, with a total investment of $250 million.

"Hello, Mr. Bullie." Abel greeted Bryn Boully on the side.

The latter hurriedly responded.

Among the CEOs of the four major investment banks, Richard Fored is undoubtedly the most authoritative one in the company.

Richard Forde is here, and Bryn Boulley doesn't have much authority to speak.

This is the opposite of Merrill Lynch.

Merrill Lynch is CEO David Komansky who doesn't have much authority.

"Mr. Smith."

Wall Street's pit bull is as straightforward as his name.

After a brief greeting, the Italian asked a question very directly.

"Smiths Capital is undoubtedly a successful company. Mr. Smith, you are a very successful investor."

"So generous Mr. Smith."

"Is what you said in the invitation true?"

"Is it true that you said you were going to lead Smith Capital and share your success with Wall Street?"

One of Richard Forder's questions is straightforward.

Pointing to the growing number of Wall Street giants, the most pressing idea in recent times.

That's it. Invest in Smith Capital!!

Actually, it's on Wall Street.

It's not too much to ask.

Any of the larger financial firms on Wall Street, except for those smaller ones.

Behind them, there are a large number of shareholders.

Let's not talk about the listed giants of the four major investment banks.

They have tens of thousands of shareholders, and hundreds of them account for more than 0.1% of the shares.

Like Warren Buffett's Berkshire Hathaway, its single stock is the most expensive in the world.

But it also has thousands of shareholders.

As the founder of Berkshire Hathaway, and the one who controls everything about the company.

Warren Buffett himself, in fact, only owns Berkshire

Hathaway has a 15.6% stake.

The big four investment banks on Wall Street, as well as other giants on Wall Street, have similar thoughts about Smith Capital.

In fact.

There are two kinds of invitations to this party tonight.

One is the ordinary invitation, which is the kind of invitation that most guests get.

Another kind of invitation, which includes Smith Capital, will announce the first round of funding this evening.

This is Abel's biggest killer against Wall Street at the moment.

It was also he who dared to invite so many Wall Street giants to come over at one time.

Also think that they should all come to the reason.

Richard Forde is a man with a special ego.

The other Wall Street giants who got the news still want to mean it, so be polite.

Wait for Abel to wait for the announcement, and then make contact.

"Wall Street's Bulldog" directly represents Lehman Brothers A.

Confronted with Richard Foord's naked, very straightforward question.

Abel wasn't angry either.

This is the result of thinking about it for a long time.

He knew that if he really wanted to gain a foothold at the top of the country.

It is impossible to be like the male protagonists of the Celestial Empire Network, who do not share their success with outsiders.

For the fact that other giants want to take a stake in Smith Capital.

He already knew that there would be such a day.

Unless you don't want to be big, unless you want to fight the whole Wall Street on your own.

Otherwise, this day will come sooner or later.

What Able can do is to choose his allies, and the time and timing to let these allies join his side.

And in the process, grasp the largest share of self-control and control.

Manpower is sometimes poor, and on its own, you can become a billionaire, or even the richest man in the world.

But Abel felt that he was alone.

If you want to form a real consortium, it will be too difficult.

Even in the beginning, you can gather a large enough industry with money that is much easier than a strong wind.

However, in the follow-up management and development, it is bound to be because of his ordinary business management ability.

Eventually, the consortium was gradually divided because it was unable to control the entire consortium.

One involves hundreds of large companies, across multiple industries, and across multiple countries.

A large consortium involving the employment of tens of millions of people.

Relying only on the ability of the founder alone, if you want to manage it well, you can't change Zhuge Liang.

Even Zhuge Liang didn't do his best in the end, and he died of overwork in his fifties.

Looking at the large conglomerates and chaebols that have emerged and taken shape.

Almost without exception, they are all led by a single family.

Then this leading family unites many other wealthy families.

These wealthy families then influence and unite with the subordinate families, and finally control the entire consortium layer by layer.

Like Herbert's family, which has basically won now.

In Herbert's grandfather's generation, it was actually just a medium-sized family under the Rockphil consortium.

It was Herbert and his father who were more competitive, and the father and son developed their family.

A Rockefeller consortium is named Rockefeller, and the main controller may also be Rockefeller.

However, those who share the power of the consortium and contribute to the consortium at the same time may involve more than dozens of families behind it!

These families gathered together, united because of interests, and then through marriage and other means, finally formed a terrible association of interests.

If Abel had just been reborn and had just discovered his "talent", he had a trace of unrealistic fantasies of dominating the United States.

After almost a year as a capitalist, I learned a lot about the inside story of this country.

He knew that his previous fantasies could really only be fantasies.

You want to be above the world alone, unless you are a god on earth.

has the superhuman superhuman superhuman superhuman power that crushes the world.

Otherwise, the motherland will do the same.

Otherwise in the real world where there is no supernatural power.

The only way is to try to make your family as strong as possible.

Then through his own family, he will unite with other powerful families.

Under the strong alliance, extend their tentacles to the world.

In this way, the purpose is achieved.

Stronger than an ancestral dragon.

It is also necessary to "Fen VI's Yu Lie" and the talents of powerful military families under his command to unify the six countries.

Without the Ten Marshals and other meritorious heroes, the great men themselves would not be able to accomplish great things.

Facing Richard Fold at the moment, this question seems a little abrupt.

Abel smiled slightly, and he whispered:

"My answer to this question is, yes. It will be announced later."

"Smith Capital, any investor who joins in and becomes a shareholder of the company."

"Smith Capital, we need strong allies!"

His answer made Richard Forder's eyes light up all at once.

"Hahaha~ This is really good. Lehman Brothers, willing to be an ally of Smith!!" Richard Forder's voice was excited.

His voice is loud.

This Wall Street bulldog has always had such a personality.

This has earned him a lot of praise in the media.

But it also made him offend many people among his peers.

Richard Fored himself did not expect to ask this question himself.

was able to get such a definite answer from Abel.

On the invitation letter, Smith Capital only vaguely mentioned it.

"Hahaha~ That's right, Smith Capital needs friends." Abel smiled.

It is the qualifications of these friends, the proportion of shares, and other requirements.

It's up to me.

Abel thought to himself.

"Ah~" Richard Fuord's voice was a little louder, and he said a little excitedly, "This is really the most wonderful news I've heard in the past month!"

As a Wall Street giant, he is also one of the middlemen of Smith Capital.

Lehman Brothers is the same as investment banks such as Merrill Lynch and Goldman Sachs.

They can all be channelled through the flow of money invested in the market by Smiths Capital.

A rough guess about the investment direction and profits of Smith Capital.

These giants have speculation on the approximate investment profits of Smith Capital in the past six months.

There will be slight discrepancies between the giants on the estimated amount of Smith's capital profits.

After all, for the sake of insurance, Smith Capital's middlemen and guarantor banks will never be just on two or three banks.

At least a dozen banks will be used each time, one is used to spread the risk, and the other is to ensure the confidentiality of the investment.

Without exception, these giants estimate the investment profits of Smith Capital in the past six months.

Taken together, the amount is very staggering.

To put it simply, everyone can predict the profit of Smith Capital in the past six months to a certain extent.

And the predicted figure will be hundreds of millions of dollars short.

But the numbers they predicted were all very terrible without exception.

Like Lehman Brothers, there are three estimates of Smith Capital's investment profits in the past six months.

One is $7.6 billion, one is $8 billion, and another $7.9 billion.

Whichever of these numbers is true, Smith Capital will be able to become the most profitable company on Wall Street this year.

Last year, the most profitable company on Wall Street was Goldman Sachs.

Goldman Sachs reported a net profit of $4.215 billion in its 1999 financial report.

Compared with Goldman Sachs, Lehman Brothers' net profit last year was only a pitiful $1.5 billion.

In other words.

If Lehman Brothers had been wrong, there was no mistake in Smith Capital's profit estimate for the past six months.

That means that this year's Smith Capital's half-year profit.

It is more than the net profit of the two giants Lehman Brothers and Goldman Sachs combined for the whole of last year.

It's an unbelievable number.

Lehman Brothers' top brass initially rejected this calculation.

But this calculation was made by hundreds of traders, analysts and actuaries under the umbrella of Lehman Brothers.

They made calculations based on the flow of money from Smith Capital, Lehman Brothers, and other banks where information was available.

It took more than a week to calculate this number.

If all of this is wrong, or if the results are too far apart.

Then Lehman Brothers, hundreds of elites, there is no need to exist.

Richard Forde could only be skeptical.

With the mentality of preferring to kill mistakes and never let go, Lehman Brothers is like other giants.

They all want to put their tentacles into Smith Capital.

Then investing in shares is a good choice.

Now that he has received "approval" from Abel, Richard Forde is of course excited and happy.

If Smith Capital's profits were real, and Lehman Brothers took a stake.

This is equivalent to after this, Lehman Brothers has one more cash cow and one more cash cow!

Facing Richard Forder, who was a little excited, Abel smiled.

Jokes aside, Smith Capital is indeed open to investment, and it's right to accept allies.

This is also his killer feature for tonight's drinking party.

But. Lehman Brothers will most likely be excluded.

As one of the four major investment banks, Lehman Brothers is the most radical of the four major investment banks and has the most mines.

The four major investment banks, their businesses are very complete, and they basically do everything related to investment.

But there will also be some biases, some more focused businesses.

For example, Merrill Lynch, which has been more biased towards securities sales in the past two years;

Goldman Sachs likes to be a white knight;

Mori Stanley, on the other hand, is keen on large capital investments.

Lehman Brothers, after emerging from the third bankruptcy crisis in 1998.

Under the leadership of Richard Forder.

This investment bank has put its development focus on issuing a large number of mortgage financial derivatives.

The advantage of this is that in recent years, the real estate industry in the United States has developed very well, and the national real estate industry is in a bull market.

This gave Lehman Brothers a full meal and made a lot of profits.

So much so that at present, among the four major investment banks, they can all rank in the top two.

With the spring breeze of the real estate industry, it is too easy to make money.

Lehman Brothers has developed path dependence.

It will only issue more and more mortgage financial derivatives every year.

If the U.S. real estate industry can continue to rise, Lehman Brothers will certainly do so.

It is estimated that if it is given a few more years, it will be able to reach the first place in the United States.

But the U.S. real estate industry obviously can't be on the rise forever.

When the bubble came, Lehman Brothers, who put their lives on the line, could imagine the results

Abel has already decided that he will accept Lehman Brothers' stake even when the time comes.

Its shareholding ratio, too

It will definitely be the lowest.

But Richard Forder doesn't think so.

Lehman Brothers is now the most proud of the four major investment banks.

Richard Forder felt that if Abel opened Smith Capital.

Then Lehman Brothers should be able to eat the fattest piece.

This certainly made Richard Forder happy.

His happy look also made the guests who had been paying attention to the cocktail party here.

Many people are speculating about what benefits the "Bulldogs of Wall Street" have gained from the "Wolves of Wall Street".

With this guy's character, he will be so happy out of shape.

This is very curious.

Especially those special guests who received a special invitation tonight.

It's even more itchy.

Many people are worried that the most daring Richard Foord.

Have you already eaten the fattest piece of meat?

If someone is worried, someone will act.

Not long after coming out of the elevator, the president of Goldman Sachs, the future US Treasury B Chief Paulson.

Seeing Richard Fored laughing so happily next to Abel.

Paulson let out a mental groaning and immediately walked over.

And he was still several meters away, so he smiled and stretched out his hand to Abel loudly:

"Mr. Smith, Mr. Smith! Hello Hello, I'm Christian Paulson! It's a pleasure to meet you!"

Compared with Richard Forder's abruptness just now, Paulson has both tone and attitude.

It's too cordial, and people who don't know still think that he is an ordinary Goldman Sachs MD who came to attract investment.

&, Vice President. In investment banking, it is generally the position of the most junior practitioners

But in reality, he is the CEO of Goldman Sachs.

On Wall Street, it is also one of the best.

"Hello." Able stood still, but smiled and stretched out.

This scene fell in the eyes of Tedelerna and Ikana in the distance, so that Tedelena couldn't help but whisper to her daughter:

"Wow, you see he doesn't move. He also asked Paulson to come over and take the initiative to shake his hand. Honey, this boyfriend of yours is such a proud boy!"

Before Paulson became CEO of Goldman Sachs, he was already a senior at Goldman Sachs.

Renowned on Wall Street, he belongs to one of the top elites in New York.

Let's put it this way.

At this time, Tedlerna, who went to Goldman Sachs' headquarters to meet Paulson, may not be able to do it.

What's more, in this kind of public occasion, he enjoys this kind of treatment from Abel.

Ikana was also a little surprised.

She knew her boyfriend was amazing.

But I didn't expect it to be so powerful that even a giant like Paulson would "treat each other with courtesy" like this.

In the past, there was Richard Forder, the Wall Street bulldog, and then there was Paulson.

Two CEOs of the four major investment banks on Wall Street have arrived.

"Look over there." Suddenly Ikana said to her father, Tedelena:

"There's the elevator, that one seems to be Philip Purcell? The one next to him seems to be David Komansky?"

"Oh! The CEO of Morgen Stanley came with the CEO of Merrill Lynch. Now the four major investment banks have arrived at once!!"

Next to her daughter, Tedlerna had fallen silent.

The arrival of Richard Foord and Paulson was shocking enough.

The CEOs of the four major investment banks are all here, and this is not as simple as a shock.

Tedlerna realized that tonight's party would not be so simple.

To allow these oligarchs to appear together, there is nothing but interests.

I went out today, and I came back at nine o'clock, and there were only two shifts in the evening, but I will make up for it tomorrow, in short, this month will be four every day

More. Let me inform everyone, so that you don't have to stay up late and wait, you can watch it tomorrow morning or at noon.