Chapter 346: Repercussions of $45.8 billion in profits

On the morning of the 16th.

The No. 1 newspaper in the U.S. by daily sales.

The Wall Street Journal, which had just changed from black and white to a color newspaper last year, came out today.

If a reader buys it, he will find the front page headline of the Wall Street Journal today, with the headline -

[As we all know, General Electric has been the company with the highest market capitalization in the U.S. stock market for seven consecutive years.] General Electric's sales revenue in 2000 was $129.9 billion. Net income of $12.7 billion ($1.27 per share)

[In second place is Wal-Mart, which had a total retail sales of $135.013 billion in 2000, earnings per share of $1.45 and adjusted earnings per share of $1.38.] Net income of $4.141 billion]

[These are the top two, and we can look at last year's Ford Motor Group data.] Last year, Ford Motor Group sold $170 billion in global sales and sold 7.4 million vehicles. Net profit attributable to parent company was US$5.4 billion. 】

[Then there is Microsoft Corporation, the overlord of Internet high-tech enterprises.] Microsoft's total operating income last year was $22.96 billion, and the net profit attributable to the parent company was $9.42 billion. 】

[Finally, let's take a look at Berkshire Hathaway, as one of the giants of the financial industry, Warren Buffett. Berkshire Hathaway increased its share by 0.5 percent last year, and its net profit is about $7 billion.

[These five companies are all the first in different fields in the U.S. stock market. Each of these five giants, with the exception of Ford Motor Group, has a market capitalization of more than $100 billion. 】

[Among them, Wal-Mart and General Electric, whose market value is more than $300 billion.] In the early 2000s, Microsoft's market value even surpassed that of General Electric, exceeding $400 billion, and then the Internet bubble burst, Microsoft was implicated in it, and its current market value is about $267.9 billion. 】

[Berkshire Hathaway has a market capitalization of $165 billion, and Ford Motor Group has a market capitalization of $65 billion]

[Seeing the readers here, you can simply make an addition, that is, these five giants in the U.S. stock market are the No. 1 giants in the industry, what were all their profits last year? 】

[The answer is $38.95 billion.] The top companies in the five major industries in the United States made profits last year. 】

[Then let's look at another company, net profit for the fiscal year November 2000-November 2001]

[The name of this company is Smith Capital, which must be familiar to many readers.] 】

[Smith Capital's total profit for the current fiscal year was $45.869 billion.] Net profit attributable to the parent company was US$42.8 billion. 】

[Seeing this, the author would like to ask readers a question. That's how much bigger is 428 than 389.5? 】

[The answer is 35.5.] 】

[In other words, the profit of Smith for the whole year this year is 3.55 billion US dollars more than the combined annual net profit of the five leading companies in the United States last year. 】

[Last year, General Motors Group's annual net profit was about $3.785 billion. 】

[In other words, on top of the five companies of General Electric, Microsoft Corporation, Wal-Mart Supermarket, Ford Motor Group, and Berkshire Hathaway, add one more General Motors Group.] 】

[The net profit of all these six companies in 2000 can exceed the profit of Smith Capital for the whole year this year]

[To change another algorithm, the author queried the financial reports of 5000+ listed companies in the U.S. stock market last year. 】

[After summarizing the data, excluding those listed companies that are not operating well and have profit losses. The author found that Smith Capital's net profit this year is about the same as the total profit of about 300 U.S. listed companies at the bottom of the profit last year! 】

[Readers who see this must have understood the question of the title and what the answer is. 】

[That's right, except for the Federal Reserve and the IRS!] The most profitable company in the United States last year was Smith Capital. 】

[And the founder and operator of this company must be no stranger to everyone. 】

[He is Mr. Abel Smith, the richest man in the world on this year's Forbes list, a young man who will not turn 22 until April next year, and a . 】

【. 】

The Wall Street Journal's reports and articles are as data-driven and rigorous as ever.

It will put all the useful data it finds in the newspaper for readers to see.

This practice makes it not very good to read it. At least you must have a certain degree of education and a certain mathematical foundation to be able to read its articles throughout.

But even so, its sales are still stable and exaggerated, and it is the No. 1 sales newspaper in the United States.

It can be seen from this that basically the most literate group of daily newspaper readers in the United States will have the habit of reading the Wall Street Journal.

Otherwise, why don't you read newspapers like the American Sun and the New York Post, which are more relaxed, with more explosive headlines and more entertaining content?

In the United States, the Wall Street Journal is, to put it mildly, the largest daily newspaper for financial and current affairs.

The New York Times has to add another "Los Angeles Times", and the two major newspapers on the east and west coasts together can only compare with the "Wall Street Journal" in terms of sales.

Such a huge daily sales volume means that its readership is extremely widespread.

Basically, in the entire American country, as long as it is an elite, it can be seen.

This also means that the question of "who is the most profitable company in the United States" has also been pushed to the whole country in one day today.

What's more, the Wall Street Journal is not alone in making similar reports.

After all, the total profit for a year is 45.8 billion US dollars, and the net profit is 42.5 billion US dollars.

It's just too exaggerated at the moment in 2001.

The quantitative easing of the White House has only just begun, and dollar inflation has not yet been as exaggerated as it has been.

In this era of $400 billion, it is the most valuable company in the world.

A company makes more than $40 billion in profits a year.

This kind of news is roughly equivalent to the exaggeration of a company's profit of $3000+ billion in 2021.

Because the other five companies with the highest net profit in 2021, their combined net profit is only about 240 billion US dollars.

The names of these five companies are Apple, Tessa Aramco, Neon SoftBank, Huaxia Commercial Industry, and Microsoft of the United States.

Such a big news is not only reported by the Wall Street Journal.

The New York Times, the Los Angeles Times, USA Today, the Washington Post, the New York Post, the Chicago Daily News, and other national daily newspapers in the United States have all published similar news reports.

The New York Post, which has always liked to use amazing headlines to attract readers' attention, directly used the title of this report today - "Who can buy the United States?" 】

So many newspapers have published it, plus that staggering number.

Even ordinary people who didn't care about these things couldn't help but read these reports.

One of the results was that during today's lunch break, American Express's stock price surpassed $45 for the first time, up 11.1%.

The argument in favor of this crazy rally in stocks is simple.

That is Abel Smith, who is "inevitable" to Amex, who has money to this extent.

So if he really wants to buy the Express Company, isn't it a matter of a year's profit for him?

He can earn an American Express this year, so if he really wants to buy American Express, wouldn't it just be a matter of signing a check?

Wouldn't it be better to buy more stocks now, and when Abel came over to take over, wouldn't it be a lot of less money?

The experts on the stock forums, as well as the traders of the stock companies, anyway, analyze the clients.

The market situation is hot, and a large number of institutions have also begun to grab a small amount of money.

After Smith Capital's amazing profits this year were announced, it caused envy, jealousy and hatred in the United States and even the world.

The leeks who bought American Express shares all wanted to share a little profit on Abel.

But just when everyone was waiting for Abel Smith to come over and take over.

Noon on the 16th.

The latest issue, the biweekly New York Observer, published on November 16, featured a mini-interview with Abel Smith.

In this interview, there are licensed images of Abel Smith, published by The New York Observer, Smith's most important magazine.

This means that it is likely to reveal Abel Smith's attitude towards Amex.

After learning the news, all the people who invested in the shares of the company rushed to buy the magazine.

Let the sales of this issue of this magazine increase by at least 100% compared with the previous issue.

In fact, the interview did reveal Abel Smith's attitude towards Amex.

In the interview, I faced the reporter's question "Why do you want to buy Amex".

Abel Smith said, "When I first came to New York and made money, I didn't even know how to live in luxury hotels. It was Amex that helped me, and its excellent premium customer service saved me a lot of trouble and time in this regard. I want to better enjoy the service of Amex in this regard, then I think it should be a good choice to become its owner. ”

The reporter asked again - "Wasn't it acquired because of the great role of American Express in Pacific Bank?" ”

"If you think about it purely from this aspect. I think BOK Bank, Royal Bank of Canada, Bank of Montreal, Canadian Imperial Bank, etc., they have a better value for money. ”

"Especially the Canadian Imperial Silver. It has 900 branches in Canada and more than 100 branches in the United States. The point is that it's cheap, and its market cap is now only $20 billion. If I'm going to do business complementarity, I think acquiring it is what Pacific Commercial Bank should do. Because that will open up the Canadian market all at once and become a major regional bank in North America. ”

"Then you bought Amex mainly for its high-end travel services?" Questions from reporters.

That's pretty much what it means. Of course, it's an old brand. Owning such an old brand is also a good choice in some ways. ”

The last question asked by the New York Observer in a small interview was, "Is there anything you would like to say to investors who are investing in Amex stock?" ”

"Yes. But there is only one sentence. ”

"What?"

"Investment is risky, and you need to be cautious when investing in shares."

This concludes the interview.

In this article, Ashley, the beautiful reporter of the "New York Observer", wrote more than 2,000 words, which is very long.

But in fact, this interview did not happen at all, and Abel only mentioned a word to David Jones.

That is, the sentence of advice to investors at the end of the interview.

Everything else is Ashley and Editor-in-Chief Dylan, half guessing and half making up.

But this interview has come with the release of the new issue of The New York Observer.

In just over two hours, it had a huge impact.

After the reopening of the U.S. stock market at noon.

Amex shares, which soared 11.1% in the morning, fell about 1.2% immediately after the open.

Then it went all the way down, and by about three o'clock, the original 11.1% rise today was only about 4.5%.

In other words, more than an hour.

Because of the New York Observer interview, it fell by almost seven percentage points.

But then it fell much more slowly, because experts, gurus, elite commentators quickly stepped up.

They said that the interview was most likely released by Abel Smith on purpose to suppress the stock price of Amex.

The more Abel Smith does this, the more he values Amex stock!

Hurry up and buy it, it's a little later.

The emergence of these calls stopped the temporary downward trend of the company.

But the momentum of the rise in the morning cannot be reproduced.

In the interview, the stocks of the banks that were randomly compiled by Ashley and Dylan all rose to varying degrees after the market opened in the afternoon.

Especially the Canadian Imperial Bank, whose stock price has always been sluggish, actually rose by more than 5% in an hour.

This is undoubtedly a surprise for Canadian Imperial Bank shareholders and investors.

But at this time, none of these named banks, their original investors, wanted to sell stocks at this time.

Most of them are buying more, the reason is what if Abel really loses interest in Amex and comes to buy these banks with lower market capitalization and better acquisitions?

From these investors, but also the attitude of those investors in Amex.

In fact, it can already be seen that after the first place on the Forbes list, and after 911 came out to save the market.

Abel has already had the ability to influence the rise and fall of stocks just by saying in the U.S. stock market.

In the U.S. stock market, there was only Warren Buffett who had this ability.

So Warren Buffett was later banned, and the stock god was not allowed to discuss any topics related to stocks and listed companies in the media.

It is because of some of Buffett's words that can affect the stock prices of a large number of listed companies in the United States.

Soros, by contrast, does not have such capabilities.

He is the financial sword of Wall Street, and he is very useful when he cuts small countries abroad.

Internally, even Soros has to be obediently coiled, and if he wants to cut the leeks of the United States' own family, he has to come carefully.

Originally, only Warren Buffett had the ability, but now there is another Abel Smith.

is estimated that Buffett enjoys the treatment, and Abel may soon meet it.

It's that he can no longer talk nonsense in the media.

Smack-

Lower Manhattan,

Charlie Brown in the pizzeria.

Soros, who was sitting in the store, smashed the New York Observer magazine that Tims had just brought over and slammed it on the table.

The oil man financial capitalist looked at Abel opposite with a smile and said:

"Canadian Imperial Bank? I think it's pretty good, and I think you should buy it. ”

"Okay, then listen to you. I bought it when I had the chance. Abel said with a smile.

Inside last night's cocktail party.

The two made an appointment to talk privately.

The place is chosen by Abrad, and the time is set by Soros.

Abel chose the location at Charlie Brown's Pizzeria.

Soros was even more anxious, and directly put today about the day when the two of them talked.

"What do you want to tell me? George, it's all over in Norway. You don't still hold a grudge against me, do you? You know, it wasn't like I wasn't helping you at the time. At that time, you couldn't get the benefits that made my heart move, and the Norwegian side took them. ”

"You know that. For people like us, interests are the most important thing. You don't like to say it, just do it. And I'm a person, I'm not afraid to say it. ”

"So."

Abel stretched out his hands towards Soros, "George, what do you want to talk to me about?" ”

Abel has a sentence that Soros agrees with.

That is, for people like them, the interests are the most important.

Don't look at Soros as an oilman, many times he is also trying to protect the interests of the oilman collective.

But that's mainly because he can bring a lot of benefits to himself by doing so.

As a huge financial and media collective, the oil people can help each other and become a strong community of interests.

But if one day, the benefits of betraying the oilers will be greater than the benefits of putting Soros on the side of the oilers.

Soros will definitely attack the oilers before anyone else.

A real capitalist can even sell a noose hanging from his neck, let alone a race?

Thinking of this, Soros said softly: "Okay, then I won't be verbose." I'll just get straight to it. ”

"Abel."

The old guy looked at Abel and said softly, "I don't know what you think of Huaxia?" ”

Hearing the word Huaxia, Abel couldn't help but perk up, and he couldn't help but say:

"You want to attack Huaxia? Come on, they are financially regulated, invulnerable, and harder than a turtle's shell. You might as well go and cut the woolly bear country again. ”

"That's right. But I'm not talking about China, I'm talking about Hong Kong Island in China. It's true that the Chinese mainland is not in the middle of the country, but what about Hong Kong Island? ”

Soros looked at the protagonist.

"Hong Kong Island."

Abel groaned and asked with a deliberate smile, "Do you want revenge?" ”

In 1997, Soros came to Hong Kong Island with the aftermath of the ravages in Southeast Asia and led international travel funds.

I originally wanted to eat a wave of Hong Kong Island, but in the end I got nothing.

This is one of his few failures.

Abel deliberately said this for this reason.