Chapter 481: The Most Successful Investment in Buffett's Life
1 May 2002.
Day.
There are many countries in the world that celebrate this holiday and have a holiday for it.
However, the birthplace of this festival, the most powerful country in the world, has never celebrated this festival itself.
The United States has its own Labor Day.
On the first Monday of September every year, there is a day off to show respect for workers.
On this day, people all over the United States generally hold various celebrations such as parades and rallies.
In some states, people have a picnic after a tour where they eat, drink, sing and dance.
At night, fireworks are set off in some places.
It looks grand, as if they take the festival very seriously.
It seems that labor is very important.
But in fact, most of the festivals in the United States are so lively.
Americans seem to be born with a love of excitement, and they have to create festivals when there are no festivals, just to make noise, to have fun.
It is precisely because of this that the commanders of the United States will occasionally appear on various influential variety shows in the United States like actors.
Whoever calls the American character is like this, and they love this one.
On this day, the Dow Jones Company, which created the Dow Jones index.
The Wall Street Journal, its own, featured a striking photo on the front page of its second page.
For more than 100 years, the Wall Street Journal has been very stubborn, and its newspaper has always been black and white.
Even the pictures are in black and white, not in color.
It lasted until April this year, that is, last month.
The Wall Street Journal has just been officially revamped, with a new color layout for its many customers.
Nowadays, the photo of Abel published in the report is naturally also in color.
The content of this photo is a household name in the United States, and there is no Abel Smith who is not known to Americans, who is sitting in a beautiful red sports car with the window open and driving seriously.
Abel Smith is being reported on every day in the United States.
All kinds of street photos about him, or those pictures on the news, are now many, much more than in the past.
There are media statistics, 365 days a year. Abel Smith appears in at least 17 major American media reports every day.
At its peak, 535 medium-sized or above U.S. media outlets reported on him a day.
All sorts of unknown tabloids, that's more.
Most of these reports have picture content.
In this respect, this picture doesn't seem to be a big deal.
It's just a picture of Abel Smith driving.
But the Wall Street Journal report, along with the picture, caused a huge buzz in the United States.
The reason is, this is a picture of Abel Smith, driving a car for the first time!
He drives a sports car that only the rich, celebrities, and celebrities with flamboyant personalities will choose.
This is rare, if not unique.
Because of Abel Smith, he appeared in pictures related to vehicles.
The vehicles that serve as his background are either Lincoln, Cadillac, or Ford pickups...... The most is still Cadillac.
Since he began to make a name for himself and become a media darling.
He was never seen in any non-American car again.
If you have a careful count, they will find that most of the top American tycoons are born in the same style as Abel, all American cars.
Is it the better quality of American cars?
No, the tycoons are all creating a kind of personality, a kind of patriotic persona.
So the picture of Abel riding and even driving a sports car is not just fresh for ordinary Americans.
Many American elites who know him and know that he is very afraid of death and take their own safety very seriously, can't help but be curious about this picture.
That Abel Smith, who is very old-fashioned in many ways, is also starting to show off?
Is this a change in his personality?
A lot of people think that, and that's important.
Because figuring out Abel's character and grasping his character weaknesses is something that many people, companies, and institutions have been studying.
That night, there were many talk shows and review programs that appeared in this picture.
For example, at the beginning of this year, the popular "Ellen Show", which had just been launched on AMC TV, directly took this topic as one of the core contents of the night's program.
"The Ellen Show" is also known as "The Ellen DeGeneres Show", and the host is Ellen DeGeneres.
She is a dazzling newcomer in the American media industry who has risen in recent years.
She was about to negotiate with CBS TV to go to the other party's banner to start a talk show.
AMC TV snatched the favor and won the contract with Alan DeGeneres on better terms.
Since then, the AMC version of "The Ellen Show" has appeared, and it is now a popular talk show on AMC TV in the United States.
Host Ellen DeGeneres, who is popular for his light-hearted and witty hosting style, premiered on January 9, 2002.
The show, which combines anecdotes, celebrities, musical guests, and love stories, was a huge success.
Among the many talk shows in the United States, in terms of ratings, it is currently only comparable to "Oprah Talk Show", ranking only second in talk shows.
"The Ellen Show" on the night of May 1st.
Host Alan DeGeneres invited the head of F1, the famous British billionaire Bernie Eccleston, to participate.
In the interview on the show, the two who talked and laughed mainly about F1 at first.
Talking about F1's emphasis on the United States, there is also some content to please Americans.
As the two chatted, they turned to the Wall Street Journal article and the photo.
"Oh, the first taxpayer in the United States to drive a sports car, what a rare scene."
Alan said right away.
Bernie Ecclesstone stood in the shoes of a professional, claiming that the sports car driven by Abel Smith had never been seen in the industry.
"It's definitely not an existing sports car, it's not going to be a Ferrari, it's not a limited edition of a Lamborghini, it's very American. I thought, maybe it's a new sports car, maybe it's a new sports car for the Americans? ”
Bernie Eccleston is eloquent.
Alan immediately said:
"So what kind of sports car is it, and how can it make Abel Smith, who has never driven a car himself, can't help but drive it? I received news that our boss was driving this sports car and was excited to drive it for almost two days in Palo Alto, California! Oh, that's a very rare thing. ”
The brief discussion between the two of them attracted the attention of many ordinary Americans at once.
From "Abel Smith drove a car for the first time" to "what kind of sports car Abel Smith drove".
Originally, the trend of public opinion throughout the day today, and the not very clever guiding means of "The Ellen Show".
has made many media realize that this may be another hype by Abel Smith.
The media conglomerates that compete with Smith Media are reluctant to help Abel Smith hype up if they can.
In the words of the Chinese, this is aiding and abetting.
The richer Abel is, the stronger Smith Media becomes. The more oppressive they are, the more they don't want to.
However, their market analysts agree.
In the near future, reporting related types of content will increase their company's ratings or sales by at least 20% steadily.
For the sake of the face of the fragrant green banknote.
Murdoch and Lei Shidong can only involve News Corp. and CBS Group to report on relevant aspects.
Under a large number of reports, in just one day.
News about Tesla Inc. in Palo Alto and the development of a one-of-a-kind super-tech sports car.
It was very crowded, and it officially appeared in front of the eyes of all Americans.
The next day, in the evening.
By this time, the news had developed and Americans who had seen the news in the relevant areas already knew about it.
The sports car that can make Abel so dear is a super eco-friendly car that does not use gasoline.
It's one of a kind, the first in the world!
Made in the United States, that's important.
This evening.
1 San Mateo Road, Santa Barbara Corona del Mar, California.
"Hey...... Warren, you already knew I had an investment in this. Haven't you always had a bad opinion of this kind of high-tech? So I didn't inform you, that's normal, right? ”
In the living room, Abel was holding a satellite phone and was talking to the American stock god on the other end of the phone with a slight smile.
Next to him sat Paris, who had a big belly.
On another armchair next to it.
Ted Lerner, who is still sitting and is actually very busy, but licking his face, refuses to leave, and refuses to go back to New York.
Ted said his daughter had just given birth.
As a father, how can he only stay for two days and leave?
At least he has to wait for his daughter to recover better before he can leave with confidence.
In this regard, his daughter Yin Kana had to roll her eyes.
She knew that if her man wasn't here now, her dad would be gone.
What really made her father stay was by no means his love for his daughter.
Just like now, it is known that the person who is talking to Abel on the phone is Warren Buffett, the "prophet of Omaha."
The old man had long pricked up his ears.
On the surface, he was reading the newspaper, but in fact, he was fully engaged in the call between Abel and Buffett.
In Ted's view, Abel and Warren Buffett are the two most powerful and excellent investors in the United States.
The conversation between these two people can reveal a little bit of the stock situation that they are optimistic about.
Nated felt that as long as he bought it without a brain, he would definitely be able to make a lot of money.
Since Abel is not shy about suspicion, Ted will certainly not give up this good opportunity.
"I'm still not optimistic about the industry. But you know, when it comes to investing, I trust you unconditionally. ”
The quality of the satellite phone is very good, plus the living room, whether it is Ted or Paris, is unusually quiet.
Warren Buffett's voice, as long as you concentrate a little, can be heard clearly.
"Since you're in the industry, you've invested so much. I think it must be good. How about it, my dear, how about letting me join? ”
Hearing Buffett say this, Abel smiled silently.
He thought, huh... Sure enough, it attracted a big shark that smelled fishy.
That's right, as many have guessed.
The pictures and news published in the Wall Street Journal are a hype of Abel's initiative.
The hype is Palo Alto's Tesla.
The time period when Abel has changed from a Chinese to an American is the second half of 2022.
At that time, it was the time when the new energy vehicles of the United States and China swept the world.
Whether it is Sidezi or a small cabinet, the enterprises of these two traditional fuel vehicle powerhouses have been impacted and only have the power to parry.
So even if you don't use talent, Abel knows that the track of new energy is right.
It will bring a new revolution to the advanced industrial system of the automobile industry.
I have the intention to enter the automobile industry, but several major automobile groups in the United States are all owned by them.
Abel put the idea on the track of new energy vehicles.
This led to the early appearance of Tesla two years ago.
After two years of preparation, the first Tesla car finally appeared.
Abel, who wants to be a man who creates the outlet, finally officially started his first step of action.
That is, with his own strong influence, to drive the attention of the outside world to electric vehicles.
Learn from Musk in parallel time and space, and try to heat up the track of new energy vehicles as much as possible.
Compared with Musk, who was not well-known at that time, Abel, as the richest man in the world and the first generation of Internet traffic kings in the United States and even the world, can play a great role in this regard.
Coupled with his increasingly stable aura of "investment god", as well as the hidden identity of the boss of the Texas consortium.
As soon as Tesla cars were announced, they even immediately attracted the attention of figures like Warren Buffett.
You must know that this is Warren Buffett, this hometown has never invested in areas that he is not familiar with.
He also never pays attention to short-term profits, and is a character who would rather go short than take risks.
Now he is looking for Abel so quickly, which is definitely not the credit of Tesla Motors, or new energy vehicles.
This is a credit to Abel because Buffett believes in Abel.
Because the Omaha prophet clearly wanted to bind Abel in every way.
Rather than saying that Buffett wants to invest in the areas that Abel is optimistic about, it is better to say that Buffett is actually investing in Abel.
For Buffett's approach, Abel is naturally happy to see it.
Because first of all, the track of new energy vehicles is not an industry that can be promoted by individuals and just a consortium.
It could later be a real success, and there could be a hopeful replacement for conventional combustion vehicles.
More than 95% of the credit goes to the United States and China.
It needs to be driven by the most powerful countries in the world, or even both, to have a future.
In this regard, Abel, who has already formed an industry layout, of course, hopes that more people will enter the market, the better.
The more people like himself and Warren Buffett enter the market, the stronger the federal government's motivation to promote the track of new energy vehicles.
As for the Huaxia side, as long as they want to carry out industrial upgrading.
Then they will definitely assist the United States, and everyone will work together to promote this automobile revolution.
Because Huaxia itself is also one of the countries with the most lithium deposits in the world.
In contrast, the United States is even a lithium-poor country.
Lithium is the core of new energy vehicles.
can grasp the core, at least it will not be manipulated. It can also promote national energy security, and at the same time have great hopes for overtaking in corners and an industrial upgrade in automobiles.
As long as Huaxia is not stupid, it will end sooner or later.
So now, Buffett is willing to join in.
Abel certainly would.
After two years of layout, 1/3 of the world's lithium mines have been discovered.
As long as you can create this outlet.
Then it doesn't matter if Abel wants to give up all the Teslas.
In parallel time and space, why is there only a Tesla in the United States in later generations, but it still spares no effort to promote the track of new energy vehicles?
The United States itself is still a lithium-poor country.
No, because the world's largest lithium-producing land is in South America, in the backyard of the United States.
Many American mining elders are the biggest supporters behind Tesla.
It can be said that this is a rare consensus reached between the United States and China.
In the face of Buffett's temptation, Abel did not hesitate.
"Are you really interested? Warren, maybe this is another dot-com bubble, the NASDAQ crisis. ”
He smiled and held the satellite phone and said to the Omaha Prophet.
"Of course I am. But like I said, I just believed in you until you suffered a brutal defeat. ”
"Hahaha-then I have to say, you don't want to see this kind of thing in your life."
"So be it." Abel directly began to quote: "So far, I have invested about $300 million in Tesla Motors. 10%, $2 billion. ”
】
Buffett hasn't reacted yet.
Ted Lerner, who was listening intently, was startled.
For a company with an investment of only 300 million yuan, the first round of financing will quote 2 billion US dollars as soon as 10% of it comes up.
That is to say, the company with an investment of only 300 million US dollars, after two years of development, now has a market value of 20 billion US dollars!
It's a money grab! Ted Lerner thought to himself that Buffett would definitely not agree.
The old man's prudence in investing is well known all over the world.
People don't play any venture capital, angel investment.
Warren Buffett's investments have always been mature companies in mature fields.
However, to Ted Lerner's surprise, Buffett actually agreed directly.
"Okay, I promise. 10%, $2 billion. But I have a premise that the first round of funding cannot exceed 30%. And it's including my 10%. ”
On the satellite phone, Warren Buffett's voice came like this.
This made Ted Lerner's eyes widen.
Did Abel really succeed in robbing money?!
300 million investment, 20 billion market value in two years!
The key is that Buffett also recognizes that Ted Lerner is extremely shocked.
In the U.S., you want to make it possible for investors to support a company.
In many cases, all that's needed is a name.
In the past, Warren Buffett was such a name for Wall Street.
Looking at Abel smiling with a satellite phone, Yin Kana's father sighed in his heart.
Well, now there's a younger, more gold-rich Abel Smith.
"It's not a big problem. I can promise you this condition, trust me, Warren. This will be your second most successful investment. ”
Abel said with a smile.
Ted would love to know what Warren Buffett's first successful investment was.
Was it in the 70s that the stock god invested in American Express for the first time and got three times the income in half a year?
Or in 1988, Buffett invested $108 million in Freddie Mac, the federally backed mortgage insurance giant, at a split-adjusted price of $4 per share, and then arbitraged an outrageous $6.5 billion two years ago?
Fortunately, it seems that Buffett is also curious about this question, and the stock god asked with a smile over there:
"Since it's the second, what do you think was my first successful investment?"
"Do you need to talk about it?" Ted saw that Abel was a little "arrogant" and said:
"Your investment in Smith Capital, of course. It will be the most successful investment of your life. ”
Abel's somewhat "arrogant" answer made Buffett over there and Ted on this side fall into a short silence.
A few seconds later, Ted heard the sound of the Omaha prophet laughing heartily on the satellite phone.
"Hahaha...... You're absolutely right! ”
Just listening to the satellite phone, Buffett said categorically: "That is indeed the most successful investment in my life." I'm pretty sure of that now. ”
"That's right, and you now have a second successful investment."
Abel said with a smile.