69 Goodbye Buffett

(Suddenly notified that it was on the shelves in the early morning, send a chapter first, and make up for it during the day, I hope you will support it a lot, how many million words can be written in this book, it's up to you!) )

How important is it to be a good talent to do arcade machines? It's probably hard to describe, at least at the level of tens of millions of dollars, and Woz is such a person.

In this era when the electronics industry has just developed, the simplest chip needs tens of dollars, the cost of chips is very expensive, which is why computers are industrial or commercial products, each of them has very high profits, can afford the high price of chips, an industrial computer of Wang An's company, the lowest price is more than 30,000 US dollars, and IBM's, starting at 100,000 US dollars, the normal are more than one million US dollars, only the national government, top companies can afford to buy.

But arcades, as civilian commodities, are actually the same as personal computers that will appear in a few years, and they must rely on the number to open the market, which must reduce costs, that is, the number of chips, just like the problem that Wads solved before, no matter how good Atari's game is, it needs at least 120 chips, and the factory price of the arcade machine will be four or five thousand dollars, and it will cost 5,000 to 6,000 dollars when it arrives at the bar terminal. This stifles the development of the entire industry.

But the design of Wads' 44 chips allows the ex-factory price to be controlled at about $1,500, so that the price of two or three thousand dollars at the bar terminal is not only, and the price has been reduced by half.

Since then, the arcade industry, like personal computers, has officially entered the point of development.

It can be said that the emergence of arcade machines is inevitable, but high-end talents like Wads have the ability to make the commercialization of arcade machines a year or two earlier.

Chen Zhiwen plans to make an arcade machine, so he must have such talents, and he must also place the R&D center in the United States, at least in the initial stage, because if it is placed in Hong Kong, it is estimated that 500 chips may not be able to be built, but as long as Woz's team designs it, it can be handed over to Hong Kong to produce.

It only takes a maximum of one month for Midea to start designing its first core product, otherwise, the entire company is in a state of serious loss, that is, because the chip technology is replaced every two years.

Two years ago, the chip couldn't meet the requirements of a simple arcade machine, and the cost of the chip has been reduced a lot this year, so that this thing can start to operate, but the game launched now, it is only the first test in the market, and if you want to reach the peak, you have to wait a few more years, and wait for the chip capacity to improve by another level, so that the game screen is smoother, at least you have to be able to run the game Space Invaders smoothly.

With the arcade layout over, Chen Zhiwen once again went to Berkshire Hathaway in Nebraska because he had received an invitation from Lookens.

"It's a pleasure to see you again, Mr. Buffett." In a quiet café room, Chen Zhiwen met Buffett and his assistant Charterkens again.

"Mr. Chen, I'm glad to see you again." Warren Buffett said with a smile: "I heard that Mr. Chen's supermarket has opened in Los Angeles, congratulations." ”

"Small fights, compared to Mr. Buffett's results, is far worse." Chen Zhiwen nodded and said, for people with a little resources, it is not difficult to find out Chen Zhiwen's industry in the United States, such as the previous acquisition of Walmart shares in the stock market and announced because it reached the 5% critical point, although no one cared at that time that a Chinese acquired the shares of an ordinary supermarket company, but this is also public information, anyone can find it, and the acquisition of Fedmart is also an acquisition from the stock market, and there will be delisting in the future, as for Costco, who can be found on the government's side?

"At Mr. Chen's age, I'm just a small investor, but it's far from being comparable to Mr. Chen's current achievements." Warren Buffett smiled and said, "Mr. Chen seems to be very optimistic about the retail industry in the United States? ”

In the previous meeting, Buffett didn't care too much about the Asian in front of him, and later after Zeckens came back from Hong Kong, he vigorously praised Chen Zhiwen's social and economic cognition, which aroused Buffett's interest, and then arranged for someone to conduct a thorough investigation, only to find that the young man in front of him had invested tens of millions of dollars in the US market, and he was quite successful in Hong Kong, but he couldn't find out where he made so much money, because he didn't have any industry before.

Looking back, Chen Zhiwen's investment in the United States actually only invested in the retail industry, acquired a company to operate in person, and acquired the shares of a family retail company with a very good development trend, of course, there may be other investments, but either not much investment, or very hidden.

"Very optimistic, I think in the near future, the retail industry in the United States will have a blowout." Chen Zhiwen said with a smile.

Buffett frowned and said, "Why? The U.S. economy isn't good right now? ”

"There is a crisis to organize, this time, in fact, is the time to eliminate the weak, those who are not able will be eliminated during this time, and those who survive, as long as they persevere, wait until the economy recovers, they will get higher results." Chen Zhiwen shrugged and said.

"So Mr. Chen is optimistic about this supermarket called Wal-Mart?" Buffett nodded and said: "I checked the recent annual report of this supermarket, the speed of development is indeed amazing, the efficiency of capital turnover is also very high, it is indeed a very promising company, Mr. Chen is far away in Hong Kong, how did he choose this company?" ”

"That's my secret." Chen Zhiwen said lightly: "Mr. Buffett also wants to invest in the retail industry? ”

"I don't have this plan for the time being, but I don't rule it out, I still need to observe and observe." Warren Buffett said with a smile.

"Okay, what did Mr. Buffett think about building a factory in Hong Kong that I discussed with Mr. Saykens before?" Chen Zhiwen turned back to the topic, he is not worried that Buffett will come to grab stocks with him, because in history, Buffett is very cautious, as early as the early 80s, he was optimistic about Coca-Cola, but he waited until 1988 to start in large quantities, which also shows that he spent a long time on every investment, and every step has a plan, and he will not rush into the market because he suddenly learns about a good company from others.

Taking a step back, even if Warren Buffett also invests in the retail industry, he may not choose Wal-Mart, and even if he chooses, Wal-Mart's shareholding structure will cause him to be unable to invest more, and the impact on Chen Zhiwen will be beneficial, because more funds will enter the market, and the stock price will only increase sharply.

And his most important layout in the United States is currently Costco, which is the foundation that affects the future of the foundation, a sole proprietorship, and will not be affected in any way.

"One thing I don't quite understand is why Mr. Chen is interested in the textile industry." Warren Buffett asked, "It's not because you invested in a supermarket in the United States, right?" The cost impact of the supermarket order in the textile industry is not big at all. ”

(End of chapter)