The arrangement of today's Smith Capital reception.

It's different from the previous reception that the Hilton family held here.

At that reception, there were also seats that were arranged according to the status of the guests.

It's similar to the last time Abel participated in a charity reception.

When Abris came, it was already in the middle of the field.

He didn't look for his own seat, just a couch to sit on.

But this time, this cocktail party hosted by Smith Capital.

In recent years, the cold food buffet has become more and more popular.

It just doesn't arrange the seats of the guests.

Instead, prepare plenty of places on the field where you can rest and chat.

In the middle, a table is set up where various foods are stored, which is a self-service mode.

The best thing about this approach is that you don't have to let people rank in the rankings.

Regardless of status, everyone enjoys the same treatment.

It may be for this reason that this model is becoming more and more popular.

A raised platform is designed on the south wall in the middle of the entire Hilton Golden Hall.

Behind the high platform is a white screen, and in front of it is a projector.

David Mellon is now walking to this high platform.

His actions also attracted the attention of more than 200 guests present.

After stepping onto the high stage, David Mellon first tried the sound.

"Ahem, cough~"

He confirmed that the microphone was working properly and could convey the sound normally.

The general manager of Smith Capital said with a smile:

"Welcome to Smith Capital's Investment Reception tonight."

"On behalf of the 136 employees of Smiths Capital, as well as our beloved Chairman, Abel Smith, I would like to pay the highest tribute to all of you!"

"Also, as we said in our invitation, today is also the year-end reception of Smith Capital."

"In that case."

David Mellon paused a little at this, and he smiled and slowed down the pace a little.

And then he said:

"In that case, then follow the usual practice. We will also announce this evening the investment status of Smith Capital since its establishment six months ago. I believe this is also of interest to everyone."

Abel came to New York in October last year.

Within a few days of coming, I met David Mellon.

However, the establishment of Smith Capital will not be until the end of May this year.

May 25, 2000 to be exact.

Today, November 15th, almost exactly half a year.

Ordinary investment companies or companies in other industries have just been established for half a year.

Except for the shareholders themselves, not many outsiders will be curious about its investment and development in the past six months.

But Smith Capital is different.

The company with Abel Smith has attracted the attention of Wall Street since its establishment.

What's more, in this half year, it has shown a very good ability to earn profits.

At the same time, most of the LPs (investors) who invested in the first phase of Smith Capital's private placement are here today.

Of course, these people are also more concerned about the profits of Smith Capital.

Many people are holding their breath and are curious about Smith Capital in such a short period of time.

What kind of results and answers will be handed in.

At this time, the lights in the reception began to dim.

Everyone looked behind David Mellon, where a white curtain had already been placed.

Guests all know, wait a minute.

There should be a projection PPT of Smith Capital, half a year's investment record.

As David Mellon's voice returned, words began to appear on the curtain.

"Look, that's Smith Capital, from May

As of yesterday, every month's investment has been profitable."

As soon as he finished speaking, the gloomy golden hall was in the middle of it.

The projectors are also on a white screen, in order.

Projecting Smith Capital, close to six months of investment and income.

The first is May.

In May, Smith Capital was founded just a few days ago.

For the whole month of May, the company existed for five days.

Guests saw that during these five days, Smith Capital was in the international futures market.

It is mainly a number of transactions in the four bulk futures varieties of soybeans, soybean meal, natural gas and cotton.

There were about 11 in total, all of which were short-term trades that lasted a day or two.

Follow the data above.

These 11 transactions are for Smith Capital, which has only five days of trading time.

In May of this year, with a principal of about $1 billion, a profit of about $210 million was earned.

A billion dollars make $210 million.

That's a profit in just a few days.

This number is already quite staggering.

Even on Wall Street, even in giants like Goldman Sachs.

A profit of $210 million often requires billions of dollars of capital to be able to achieve a profit margin.

To this extent, 99% of the investment managers of 99% of Wall Street companies have been beaten.

But that's not amazing enough.

More amazing is yet to come.

projection pp.

Next, Smith Capital's investment record and profit data for June are displayed.

The above data shows that Smith Capital made a total of 5 investments in June.

Compared to the five-day trading hours in May.

In June, only five trades were made in a month of trading.

The number of transactions seems to be much less.

But. These five sums up the principal, more than two billion dollars of investment.

A total of $450 million in profits were made by Smith Capital.

That is, just five days in May, plus thirty days in June.

Thirty-five days.

Smith Capital has been in the market, earning more than $660 million in profits.

That's almost one-seventh of Goldman Sachs' profit for the whole year last year.

These two data are for the oligarchs who already know the approximate profitability of Smith Capital.

Just let them identify their own company's speculative data.

Whether there is a mistake or not, the magnitude of the error is not large.

But for those guests who are not so well-informed and have less channels.

These two data are very amazing.

For example, the "friend of the family" of the Abel family, George, a middle-aged man from Texas.

After looking at these two data.

George asked the investment manager of the family office fund that he brought with him today.

"Steven, tell me, how much profit did you make in May and June of this year?"

The investment manager who called Steven was a little speechless.

The main thing is his results, and it is embarrassing to compare it with the data projected by PPT above.

"I remember it seemingly... A few million dollars." Steven said ambiguously.

George frowned, "How much, exactly? Don't say you don't know."

Steven could only say:

"The exact figure is $2.12 million. Among them, the profit in May was 950,000, and the rest were earned in June. There was a wave of precious metals in June, and in this wave of market."

"So little?" Before Steven could finish his sentence, he was interrupted by George.

Few?

Steven wanted to say loudly: The principal that your family gave me is only $150 million!

With such a little capital, how much do you want me to earn in a month?

Of course.

Steven didn't dare to say.

He was afraid that when he waited, George would have to ask about the profits of the other months.

In April and July, Steven's investments not only did not make money, but he lost money.

There are gains and losses, but in general, there are more gains than losses.

This is already relatively good among investment managers.

Steven could only say, "That's the Wolf of Wall Street, if only I had his power." George, the party you're attending now isn't the Smith Capital party."

"Okay." George nodded, "You're right."

Although it is gold and jade on the outside, it is a bit ruined on the inside.

But George also knew that Steven was an investment manager that his father trusted.

You can't be too offended yourself.

But he had decided to go back and talk to his father.

In the future, he may be able to hand over the family's funds to Smith in the area of investment and financial management.

George talking to Steven.

The PPT above has begun to project the Smith Capital transaction data for July.

"It's July, so please see."

David Mellon explained while letting everyone look at the data above.

"In July, our investments were not very good. The profit was only $110 million."

While saying these words, David Mellon's heart was complaining.

Madefaq, earned so little in July.

It's not someone this month, and the time is basically spent on picking up girls.

One Anne Hathaway and one Jessica Alba made Smith Capital earn hundreds of millions less.

It also made David Mellon millions less money.

David feels that women are sometimes the culprits who delay making money!

But he didn't know that he was already in Versailles.

The profit of $110 million seems a bit small compared to the previous data.

But even on Wall Street, making $110 million a month, and only a small company, is actually very powerful.

Wall Street is a securities firm of about the same size as Smith Capital.

The profit in a year is only hundreds of millions of dollars.

Sometimes you even lose money.

On average, there is a profit of about 100 million US dollars a month.

I don't know how many bosses of such companies will wake up laughing in the middle of the night.

Don't think that Wall Street's profits are really that exaggerated.

Goldman Sachs and Lehman Brothers' profits last year have already been released.

Lehman Brothers nearly went bankrupt in 1998 and only recovered last year.

Last year's total profit attributable to the parent company was about $1.5 billion.

Goldman Sachs is around $4.2 billion.

Among the four major investment banks, Morgen Stanley had a total revenue of about $8.1 billion last year.

The net profit attributable to the parent company was only 3.495 billion, a year-on-year increase of -28.94%.

Like Goldman Sachs and Morgun, and Lehman Brothers, it's the case with the giants on Wall Street.

Like the data of Smith Capital in previous months.

Combined with the current volume of Smith Capital, it is a very scary data.

What's more, even more terrifying is yet to come.

This data alone has already made those guests who are not aware of the data behind it.

I was shocked by the speed at which Smith Capital made money.

This also makes everyone realize why Wall Street takes Smith Capital so seriously.

To be precise, it is Abel who values the backs of Smith Capital.

can make money like this, this Madefaq is a super cash cow.

This is simply the latest version of Peter Lynch or Warren Buffett.

How can Wall Street not pay attention to this?

Barron Hilton couldn't help but say to his granddaughter, Paris:

"Honey, do you know what Hilton's net profit was last year?"

Paris shook her head blankly.

Where would she care about that?

is still under the protection of her grandfather, and she has not yet begun to toss her own brand, and she has not yet begun to push out as a Hilton family to attract attention and benchmarking.

What she was most passionate about at this time was only in the ball court in New York.

It's just a competition with other celebrities and ladies.

Barron Hilton said earnestly:

"For the whole of last year, Hilton's annual revenue was $9.8 billion. But the net profit was only $430 million."

"In other words, this guy's company made more money in June this year than Hilton Worldwide."

What Barron Hilton didn't say was that the Hilton family's stake in Hilton Worldwide was actually very small.

Of last year's $430 million net profit, the Hilton family received very little.

The Hilton family is not as beautiful as it seems on the surface.

It's like Tedlerna, who is said to be a billionaire and can also be ranked in the national 400 list.

But most of the time, he is also short of money.

Because most of the assets of rich people like them are stocks or heavy assets.

The amount of money earned every year that can be used, as well as liquidity, is very low.

"We make more in a month than we make in a year." Paris listened to her grandfather.

She felt that she might have done something wrong before.

Fortunately, there should still be a chance.

Right?

She thought uncertainly.

After the "unremarkable" July data.

is increasingly exaggerated, even frighteningly data.

In August, Smith Capital gave a result of $2.156 billion.

Among them, in the international foreign exchange market alone, the profit is as high as 1.954 billion US dollars.

As soon as the projection PPT of this part came out.

The "honorable" guests, who could have remained calm, were suddenly revealed.

"Wow~"

"Am I right? Making more than $2 billion a month? Could they be mistaken about the decimal point?"

"I think so, too. The front is only 1.1, but the back becomes 2.156 billion US dollars, is this a mistake in the decimal point? It should be 215.6 million, right?"

"More than 200 million is also staggering. But if it's more than 2.1 billion."

"Smith Capital of Namadfak, in August alone, earned Goldman Sachs' profits in the first half of last year!"

"Madefaq, I feel like the Fed doesn't print money as fast as he does!"

「.」

The latter gentleman's words are a bit exaggerated.

In this world, no one makes money at a fast rate.

It can be compared to the Federal Reserve's nuclear-powered money printing machine.

Able can't go all out.

Trillions of dollars printed a year, who else ?!!

Surprised by the guests in the discussion, many people also noticed.

Beneath the horrific figures exposed.

None of the high-profile Wall Street giants were as surprised as they were.

Is it because they are calmer, more self-contained, and the city is deeper?

Not.

It's just that these data, under Abel's previous deliberate non-concealment.

They already have some vague numbers.

Smith Capital is now announcing it, just for them to check it off.

Let them find that the data is not much different from the figures extrapolated by the elites of their companies.

However, even more amazing is yet to come.

August is followed by September.

In September, Smith Capital's profit figure was $4.16 billion.

Among them, the investment profit in long international crude oil is 1.42 billion US dollars.

The profit on the investment in London Gold was 25.64.

As soon as these two figures came out, the guests' voices became louder.

This is more than four billion dollars later.

There is no doubt that the figure of more than $2 billion in August just now.

The decimal point can be marked incorrectly once, but can it also be marked incorrectly the second time?

If that's the case, today's drinking party will become a funny event.

Obviously, that can't happen.

Then that means

Smith Capital's profit data for August is not marked to the wrong decimal point.

That is, in August and September.

Smith Capital made more than $6 billion

Everyone thought that Abel also spent a huge amount of money to buy MGM after this.

Don't be afraid of MGM's more than $2 billion in debt.

The performance is called a person who is stupid and has a lot of money.

The guests suddenly realized at this point.

It turned out to be this guy, in August and September, who made so much money!!

This is one of the Hollywood giants who can spend so much money.

After seeing these two data.

The most excited are the LPs who have invested in the first phase of Smith Capital's private placement.

For example, Tedelerna and Barron Hilton.

One of them has a relationship with Abel, and the other is because of the relationship with their daughter Ikana.

Both of these people invested a little money in Smith Capital's private placement at the end of August.

The Barron is two million dollars and Tedelerna is a million dollars.

The 2 billion in August, they suspect that it may have little to do with the private placement.

After all, at the end of August, Abel launched its first private placement.

But at least part of the more than 4 billion in September should be private funds.

Then their investment should also make money.

Thinking of this, small and medium-sized investors like Tederena are not just surprised.

They have all begun to fantasize about how much Smith Capital made in the first phase of Smith Capital's investment in September.

This data is not listed immediately on the projection PPT.

Behind it is Smith Capital's profit data for October.

That's up from more than $4 billion in September.

In October, Smith Capital was "only" short international crude oil futures

made $3.42 billion on this "small thing".

It doesn't seem to be that amazing. What a fart!

In less than five months, it has earned almost $10 billion.

More exaggerated than what is listed in Forbes and other newspapers.

This data has already made those guests present who don't know the truth doubt their lives.

Like George, he couldn't help but poke his own investment manager with his finger.

"Steven." George said a little plainly:

"You said that the symbol above, could it not be the symbol of the dollar?"

"Is it possible that it is a currency symbol on the Asian side?"

"I remember! Hong Kong dollars, money on Hong Kong Island, also use this symbol. Does this 10 billion refer to Hong Kong dollars?"

Steven looked at his boss.

He did not want to point out that the above data was in the unit commonly used in the US dollar.

That is, "millions", and the October profit of Smith Capital shown above is.

That's 3,420 million.

This measurement method is generally used by the United States itself all over the world

George looked into Steven's eyes

He sneered, knowing that what he had just said was a bit silly.

Realizing this, George had already made up his mind in his heart.

When I go back, I must get my father.

Let the father put the family's financial funds on Abel's side.

By this time, only a few minutes had passed on the scene.

David Mellon, who was on the stage, took a hard breath.

David looked forward to it.

He was looking forward to the people below, waiting for a look of shock.

Because David knows that the next data will be even more amazing.

"Alright. I've finished reading it in October."

David, who was holding the microphone on it, smiled and said, "Finally, the profit for the first half of November. Please take a look."

When everyone sees.

Smith Capital's profit in the first half of November was $71.59.

No one is talking about it anymore.

More than 200 people were at the reception site.

It was as if the pause button had been pressed, and the chatter and action had disappeared.

All that was left was the sound of everyone's rapid breathing, and the sound of waiters walking and preparing drinks and food that had nothing to do with themselves.

For the waiters.

No matter how much money rich people make, it's their business.

In addition to their salary, they cannot share the slightest profit.

For them, 10 billion and 100 million, in fact, are the same.

The same unreachable, the same astronomical figures.

Of course.

Mixed among the more than forty attendants, except for a large number of hidden reporters.

They weren't so calm.

These hidden reporters are a little blank in their minds at this time.

& The projection was played to the end.

It was David Mellon who, with the help of a megaphone, woke everyone up with that loud voice.

"Ahem. Finally, the total profit of Smith Capital since its establishment six months ago, please see the projection of PPT."

Behind David, it was an exaggerated, but numbed number.

&。

&65 million dollars, 17.665 billion dollars!

"This is the answer sheet that Smith Capital handed over to everyone."

David Mellon really likes to see the people below.

Including those giants, quiet and numb at this time.

This is not an achievement made by David, though.

But David has also experienced these achievements himself.

And there is a lot of effort, probably the one with the most.

Because someone just takes a look before the investment starts, and cares about making a few phone calls in between.

If you show up again at the end of the day, or if you don't show up at all, just give a phone call and let you know.

In contrast, David, who stayed up all night and stayed up all night, contributed the most.

But David also knows that there are many people who can replace him.

Across Wall Street, there are estimated to be in the hundreds.

But the only one who can do all this is his own boss!

What makes David even more excited now is.

Of the $17.665 billion, he can get at least tens of millions of dollars, or even hundreds of millions of dollars.

It made him happier than seeing the shocked expressions of the people below.

"Alright. What will happen again is the first private placement of Smith Capital, the first phase of Smith Fund."

David Mellon was not in a hurry and continued according to the steps.

The name of the Hilton in front of me was mistaken, it should be Barron's.