In the summer of 1928, Giannini, an American banker who had become ill from hard work, left Wall Street in New York and returned to his beautiful hometown of Milan, Italy, to recuperate.

He is in Milan, Italy, and his heart is in New York, USA. Giannini has been closely following the situation on Wall Street in New York, thousands of miles away.

One day, Giannini was suddenly stunned by a headline that read the following: Shares of Giannini's holding company, Bank of Italy in New York, plunged 50 percent, and Bank of Italy's in California fell 36 percent.

Giannini was taken aback and rushed back to San Francisco, California. In the luxurious residence of San Matteo, Giannini convened an emergency meeting. With a gloomy face, he asked his emaciated son Mario loudly: "The stock price has plummeted so much, someone must be behind it, who is it?" Jim Barsaga, a lawyer on the sidelines, hurriedly replied for Mario: "The stock price crash was caused by Morgan's Federal Reserve Bank of New York, and they believe that the Bank of Italy is suspected of monopoly and forced us to sell 51% of the bank's shares." ”

It turned out that after the Bank of Italy bought the Free Bank of San Francisco, the financial magnate Morgan suspected Giannini's ambition to control the banking industry in the United States, so he invited the Federal Reserve Bank to intervene. Faced with this situation, Mario advocated selling some of the assets of the Bank of Italy and then buying back the publicly listed shares, thus turning the Bank of Italy from a listed public holding company into an unlisted internal holding company out of the Wall Street stock market.

The other directors also agreed that what Mario said was the only way to save the Bank of Italy from collapse.

However, the agreement was met with strong opposition from Giannini, who argued that the strategy, while not without merit, was too negative.

Everyone was silent, looking at Giannini with an inquiring gaze, meaning, you rejected our proposal, do you have any better idea? They have no doubts about Giannini's ability to surprise and win. Giannini, however, said something that surprised everyone even more: "In two years I will be in my sixtieth year, and my health is gradually losing my body, and I am going to resign as president of the Bank of Italy." ”

As soon as these words came out, everyone present was greatly surprised. Everyone bowed their heads in pain. Because they all know that Giannini is a man who does what he says and will never go back.

Mario couldn't wait to persuade: "Dad, we are anxiously looking forward to your return to China, not to hear you say this, the Bank of Italy that you have worked so hard to build is now at a critical juncture of life and death, and we need you to take us through this difficult time!" ”

Giannini burst out laughing, waving his fist and saying, "I will never let the Bank of Italy fall!" Everyone's emotions immediately stirred up, and they knew in their hearts that Giannini already had a very good solution. They all stared at him with wide eyes.

Giannini continued: "Not only that, but I want to set up a holding company that is several times larger than the Bank of Italy!" I resigned in my personal capacity to lobby the President and the Secretary of Finance to enact a new decree to legalize the nationwide network of branches of commercial banks. ”

Mario said dejectedly, "By the time you convince them to issue a new decree, the Bank of Italy will be finished!" Giannini glared at him, as if to reproach his son for being so unambitious: "Of course, I lobbied for legalization on the one hand, and on the other hand, it was also a delaying tactic. Not only must we not let the Bank of Italy fall, but we must also set up a national giant holding company that is several times larger than the Bank of Italy, and develop the largest commercial bank in the private sector with the original banking business as the pillar. ”

Giannini's far-sighted spirit made everyone admire and unanimously agreed with his decision to get rid of the golden cicada. As a result, Mario and the others soon went to Rawan to register and set up a new company, Pan American S.A., whose largest shareholder was the Bank of Italy. But because its shares are scattered among a large number of minority shareholders, it is difficult for outsiders to suspect that it is a monopoly.

In the name of this company, they bought the shares of the Bank of Italy, which was plummeting under the control of others, at a low price, thus thwarting the plot of Morgan and others to kill the Bank of Italy. The Bank of Italy not only did not collapse, but grew stronger and stronger. Later, it even annexed the Bank of America, and renamed all its branches as the Commercial Bank of America. Giannini served as president of the American Bank of Commerce, the nation's largest commercial bank, and became one of the giants that rewrote American financial history.

In real life, the "golden cicada shell" plan is to understand the evolution of the art of life, it is in the process of being a man, leaving a link and a retreat in the unprepared place, in order to prepare for the use of advance and retreat, advance can defeat the opponent, retreat can save yourself, so that you can advance and retreat freely, invincible. The "detachment" mentioned here is not panicking, the failure of competition to passively slip away, but to save its form, extract the content, go and show not to go, stabilize the competition against the other party, and get out of the trap. There are many ways to "get out of the shell", but in essence, they are all tricks to confuse the other party, disguise and cover up the real action attempt.