Chapter 117: Salute to the Stirring Stick
"The boundary of our knowledge is the boundary of our world—Nietzsche."
Hall pondered and came up with a famous quote that was quite appropriate, and solemnly responded to Buffett's reminder.
This was the year when the parent company of tobacco giant Marlboro carried out tens of billions of dollars in mergers and acquisitions, pharmaceutical giants Bristol-Myers and Squibb sought to merge, and the junk bond market grew to hundreds of billions of dollars...... The flowers are full of charming eyes, so that he is focused on the merger and acquisition of the century, and he is full of ambition and vain trying to win the chestnut in the fire.
But he's an outsider in the M&A business, and he's unwittingly committing the same crime as Kravis: arrogance.
"The whole of Wall Street knows that Reynolds-Nabisque is undervalued, but no one has the courage to make an unprecedented deal for it." Warren Buffett's voice was calm, "Congratulations, you've become a well-known person on Wall Street. Now the eyes of my peers are focused on this deal."
Hall calmed down and said with a smile, "I wish it was praise rather than ridicule."
"If you want to emulate Karl Yinkan, you can already get accolades...... Kravis isn't going to back down easily, he raised $5.7 billion last year, and there are no management fees, and you should know what that means." Warren Buffett weighed in to give a succinct response.
This means that Kravis is now uncomfortable without spending money for a minute, and this huge amount of cash leaves the bank account at a loss for a second. There are few M&A targets that can fully unleash the utilization rate of funds, except for Reynolds-Nabisque.
There are traces of his arrogance and arrogance, and he is not brainless and stupid.
If Hall had followed the example of Carl Yinkan and used the name of mergers and acquisitions to speculate on the stock price and harvest the secondary market, then it would have succeeded. If you want to go further, Kravis will definitely fight hard...... His idea of taking advantage of the reluctance of both sides of the merger and acquisition to make a bid and eat the whole of Reynolds-Nabisque simply cannot be established......
"In that case, you're suggesting that Brother Solomon get in?" He wanted to understand the logic, completely gave up the idea of mergers and acquisitions, and humbly sought advice with a correct attitude.
Buffett pushed down his glasses: "I am only one of the shareholders of Salomon Brothers, and Salomon Brothers is Johnson's collaborator, and the risk has been diluted to a tolerable range again and again. Opportunities and risks go hand in hand, and what we need to do is to reduce them."
"Very pragmatic experience." Hall bowed slightly.
Buffett turned his head to stare at him for a few seconds, and suddenly laughed: "It seems that we are not opponents in this deal, you are really speculating on the stock price."
「…… I've always respected you, Mr. Stockgods." The expression on Hall's face froze, and he gritted his teeth and whispered back.
"Thank you, I appreciate you too. But, business is business. God knows if the young leader of the English aristocracy will stir up trouble in a high-profile manner, but if there is a chance, we must confirm it. Honestly, if you really want to get in, I hope to cooperate." Buffett took a slow sip of wine, and the wrinkles on his face turned into a chrysanthemum.
Hall secretly scolded the old fox for being cunning, because of the image of the stock god that he had always accepted by the media in his past and present lives, and the good impression of the two of them meeting for the first time in the study, he really regarded a legend who had stood in the financial market for decades as a good old gentleman.
That's a ...... Ridiculous, for a moment Hall felt like a retarded person. ….
These shit bigwigs, too, are people, and they will drink and smoke and tell vulgar jokes; will be greedy, insidious, fearful, angry; Will grow old and face death......
Thinking about this, Hall felt a lot better, he was still very young, and he was his friend at the time: "Speaking of which, I like Johnson's workplace philosophy."
"Huh?"
"The more chaotic the situation is, the greater the chances of the-stirring stick."
This time it was Buffett's turn to freeze his expression: "......"
"Business is business." Hall replied.
Buffett raised his eyebrows and raised his glass: "I appreciate you even more, respectfully...... -stirring sticks."
"To the-stirring stick."
…………
Master Hall is a decent person, and decent people have always paid attention to commitment, saying that if you are a-stirring stick, you must be a-stirring stick.
Although Buffett tested his true intentions, the effect of speculating on the stock price has weakened a lot, but he can instigate
Third-party entry.
Boston, headquarters of Fidelity Funds.
Abigail hurried out of the conference room, nodding to her colleagues who were constantly greeting her, and went outside a client reception room.
After pausing and thinking for a moment, I turned around and walked to the bathroom around the corner, turned on the faucet, felt the cold water wash with my hands, and temporarily left my brain with negative emotions such as fatigue and anxiety.
Her father is the head of the Fidelity Fund, and she deserves to inherit it all, but there are always some clowns who don't think about it to challenge!
Is it rare to see a 28-year-old fund manager? At this moment, the 17-year-old young man in the customer reception room can participate in the big business of tens of billions of dollars with high spirits, why can she only be a fund manager who is constantly questioned by her father, younger brother, and subordinates!
「…… I would like to invite you to become an M&A advisor to Hall Family Office, and I hope that Fidelity Funds will provide a large amount of financing to participate in the upcoming Reynolds-Nabiske merger bid...... Ms. Abigail, hey, are you listening?" Hall asked.
Abigail retracted his thoughts and brushed the hair around his ear, "I'm sorry...... Well, I don't quite understand why you came to me to cooperate? As far as I know, you shouldn't be short of collaborators."
"You mean Mellon, or your father?"
Hall smiled and explained to himself, "Most of Wall Street was involved in the merger...... As far as I know, a certain Boston consortium is also thinking about this merger, and I don't know if your father is among them. So, in fact, I don't have a lot of collaborators to choose from."
"It's a huge deal." Abigail was unaware of his father's involvement and replied ambiguously.
Hall was left to dry in the reception room for a long time, and then looked at the woman's unrelenting expression, so he had to quickly cut through the mess: "Let's be straight, I need you to use the fund of funds you are in charge to help me create a false impression."
"Illusion?"
"With the $10 million M&A consultant salary, I only need to review the operation of the family office under my name and make a financing intention during this M&A period."
"Sounds substantial, but as you said, my father may have been involved in the deal." Algaibi continues to contain the lake in response.
Hall lost patience, shook his head, and said, "You seem to be telling a joke. Could it be that Fidelity, with a capital volume of hundreds of billions, is a seamless steel pipe? What does it matter to you that your father is involved in trading, and isn't what you have to do to be responsible for the funds you own?"
Financial giants are often surrounded by mountains, and what everyone needs to do is to be loyal to the dollar and take responsibility for their own future. It is not uncommon for its funds and parent companies to be against each other in the financial industry.
Goldman Sachs was indirectly involved in the merger, and Ariana tried to work with him.
Hall valued the particularity of Abigail's identity, so he went to Boston, thousands of miles away, and took the initiative to deliver it to the door.
"I need to know what your purpose is before I can judge if it's worth cooperating." Abigail pondered for a moment and said, "You...... Want to speculate on the stock price?"
Hall was disappointed, he really didn't expect this woman to be such an incompetent waste.
I'm mortal