"Walmart? Mr. Chan is talking about Walmart in Arkansas? Joey asked.

"Yes, exactly." Chen Zhiwen nodded and said, "I want to buy its shares, the more the better." ”

"Wal-Mart, a supermarket, has expanded very rapidly in recent years, and I have also paid attention to this company, which can be said to be a good investment object, but this company has two problems, the net profit control is very low, much lower than other similar companies, and this company is a family business, although it has been listed, but their family still holds most of the shares, and there are not many outstanding shares, so it is difficult to acquire a lot of shares." Joey said professionally.

"It's okay, this is an investment, and I'm more optimistic about this company." Chen Zhiwen said indifferently.

To Thor. Pierce's investment is a strategic investment in the retail sector, using someone else's ability to run their own company, and Walmart, now it's too late to enter the game. Walton had run Wal-Mart very successfully, and after going public in 1972, it solved the financial problem, and since then it has been smooth sailing, and the stores are occupied wherever they go, and each store is not profitable, but it can be profitable, and it can also grab the local market.

At this time, it is difficult for outsiders to make any ideas, so this investment is just a pure financial investment, although more than 100 million US dollars in their overseas accounts are ready to buy the bottom of Wharf and other potential British companies in Hong Kong, but this takes a few years of layout, so long, such a large amount of money can not really be put in the bank to eat interest, diversification of some potential companies is the best solution.

It's just that in the 70s, he knew very few dark horse companies, even the Berkshire company of Warren Buffett, the stock god of later generations, the stock has been falling in recent years, and some potential companies need to be invested for more than ten years, and they don't need a lot of funds.

Today's Wal-Mart has a market value of more than 500 million US dollars, from the 70-90s, Wal-Mart is singing all the way in the retail field, the stock price is naturally skyrocketing, 26 years has increased 50 times, the temporary use of funds to invest in, so that the funds follow the development of Wal-Mart to appreciate, and when needed in the future, the stock price may have risen two or three times, when the time comes to need funds are not sold, but directly to the bank mortgage, can easily get higher than the original investment.

"In this case, there is no problem, so what is Mr. Chen's reserve price for Wal-Mart's acquisition?" Joey asked.

Chen Zhiwen said: "Under 17 US dollars, I will collect all of them, if it is exceeded, you will notify me, and then you can directly call these calls." ”

After speaking, the assistant Angel handed over the business card, which is a business card proposed for overseas customers, with several phone numbers on it, namely the bedroom at home, the office and the assistant's phone, under normal circumstances, the phone will be booked in advance, but it is also necessary to take into account the special circumstances, in the era of underdeveloped communication, it can only be so.

"Okay, no problem." Joey nodded and said, "Mr. Chen, I ordered lunch at the Waldorf Astoria Hotel, and after we finish lunch, my colleagues in the legal department will prepare a letter of intent to invest, as long as the power of attorney is signed, I can arrange to buy Walmart shares on the stock market tomorrow." ”

"Okay, let's go." Chen Zhiwen nodded and said.

After a hearty steak, Citibank's legal department had prepared the power of attorney, and Ron took his paralegal to review the contents of the power of attorney, which was a standard document but still had to be checked by a lawyer.

Chen Zhiwen himself read it, and after making sure that there was no problem, he signed his name and authorized Citibank to use the $50 million in his account to buy Walmart shares on the stock market, of which every $1 million used, he needed to report to Chen Zhiwen once, and after getting follow-up authorization, he could proceed to the next round.

1 The next day, Chen Zhiwen came to Citibank again to watch the traders of Citibank buy Wal-Mart shares in the stock market, and in one day, they acquired stocks worth $300,000 by selling high and buying low, accounting for about 0.06% of Wal-Mart's market value. The reason why it is so low is also because the normal trading volume of Wal-Mart's stock is only three or four million dollars a year, and if you want to acquire it slowly, you must control the quota, otherwise, if you only have a few million dollars of funds a day, you can easily pull the stock price up, not only lose money on your own acquisition, but also easily attract the attention of other investment companies and Wal-Mart.

At the end of the day, at the behest of Chen Zhiwen, Ron left a colleague at Citibank to supervise the day-to-day operations of Citibank, and Citibank's operations would also be carried out from his perspective, which was a double guarantee.

After spending a few more days in New York, Chen Zhiwen and his group traveled to Nebraska, located in the central United States, to visit Berkshire Hathaway, a textile giant.

Berkshire Hathaway, there are many people familiar with it in later generations, and in the 70s, he was still an American textile giant, but over the years it has been beaten all over the ground by the textile industry from Asia, if it were not for the entry of a savior, this company is estimated to not survive the 80s.

Naturally, Chen Zhiwen came here not for textile-related things, but to visit the boss behind the textile giant, Warren Buffett, the stock god of later generations.

In the 70s, Warren Buffett was still just an entrepreneur with excellent investment ability, and he was not as valuable as later generations.

"Does Mr. Chen want to take a stake in Berkshire Hathaway?" After some conversation, Chen Zhiwen expressed his intentions, and Buffett paused and asked, "Why?" Now the U.S. textile industry is a sunset industry. ”

"I know, as far as I know, I invested in Mr. Buffett, as far as I know, last year Berkshire's profit in investment and insurance business exceeded $6 million, but the textile industry was less than $500,000, I think, Mr. Buffett will not run the textile industry in the future, right?" Chen Zhiwen said with a light smile.

Buffett's investment performance, people in later generations basically know that if it were not for the Internet and the electronic age to steal the limelight, then he would definitely become a global business icon, and in the current era of serious inflation and the stock market has fallen across the board, only a few people such as Buffett can still find gold in the devastated stock market.

"The textile industry is Berkshire's main business, which is related to the employment of tens of thousands of people, and will not be abandoned." Warren Buffett smiled and said, "As for investment, I don't accept foreign funds for the time being. ”

PS: I suddenly feel that the pace is a bit fast, but these are investment issues, pure investment and future benefits, not the main strategic development direction, just a little less pen and ink, so as not to be said water!