Era: Starting from divorce from female college student

On October 20, 1987, The Wall Street Journal reported on the stock market crash of the previous day, predicting that the total losses in the United States would be at least more than $600 billion.

The bold and large font made many people notice the stock market crash immediately, realizing how much money had been lost.

Several newspapers under the Mayflower Media Group, including The New York Times, The Wall Street Journal, The Los Angeles Times, and Silicon Valley Tech News, were also reporting on yesterday's stock market crash.

These newspapers also have very high sales volumes across the United States.

This caused many people to notice the matter immediately.

For example, The Wall Street Journal currently sells more than 500,000 copies per day across the United States.

Although it is still far from being a major newspaper like The Wall Street Journal, The Wall Street Journal is a very powerful force in the economic field.

Taking advantage of this stock market crash, The Wall Street Journal may even rise to a higher level.

Bloomberg and other media outlets were also reporting on the stock market crash.

It seems everyone in the US is talking about this; it's the biggest news in the country right now.

On the 19th, more than 100 people in Manhattan became frequent flyers.

But compared to the stock market crash, the news about these high-flyers is nothing to brag about.

After all, a single day's losses wiped out more than $600 billion, which is quite terrifying.

It's worth noting that in 1986, the US GDP was $4.58 trillion.

This stock market crash wiped out $600 billion, equivalent to 13 percent of GDP.

Horror!
Throughout Sam, wails of agony filled the air.

Many individual investors became homeless and turned into vagrants in the city.

Because they lost so much money, and they couldn't bear to become frequent flyers.

After all, not everyone has the courage to be a trapeze artist.

Of course, choosing death might be easier in some ways.

Living is harder.

Therefore, when their spouses found out that the family was losing money, they all decisively chose to divorce.

For the next period of time, Sam's news revolved around this stock market crash.

News reports about fires, domestic violence, and gun robberies are actually caused by the stock market crash.

bump!
In his office at the Quantum Fund headquarters, Soros smashed his favorite teacup.

Enraged, Soros, still not satisfied, smashed the computer, table, and other items in front of him.

"Fuck, fuck!"

This stock market crash will cause Quantum Fund to lose at least one billion US dollars.

Although Soros hasn't cut his losses yet.

However, such a widespread economic crisis would be of no use even if the Quantum Fund continued to hold these shares.

Like Soros, Buffett also lost money.

Before October alone, his investment in Salomon Brothers had caused Buffett to lose more than $100 million.

This doesn't even include other companies in which Berkshire Hathaway has invested.

As is well known, Buffett's investment results have generally maintained an annual return of over 25%.

In general, Buffett values ​​long-term investing and rarely engages in short-term trading.

The stock market crash was indeed a slap in the face for him.

In his past investment career, this stock market crash was one of his few defeats.

Of course, just one defeat could wipe out all the hard work he's put in over the past decade.

"Well, since it's a stock market crash, it's a crisis, and where there's danger, there's also opportunity."

Unlike Soros's outburst, Buffett maintained a relatively calm attitude.

He even managed to profit from this stock market crash.

After all, after a stock market crash, the world is in turmoil, and there are plenty of "easy targets" everywhere.

In other words, this is actually the best time to buy at the bottom.

However, Buffett knew he needed to wait, because no one knew whether the current stock market crash had hit rock bottom or would rebound.

Buffett is a very patient person, so he is not in a hurry at all.

Once you have the funds ready, all you need to do is gather information and target the stocks you want to buy at the bottom.

But this time Buffett will be extremely cautious. He doesn't want to try to buy at the bottom again and end up buying Salomon Brothers, losing hundreds of millions of dollars.

For bulls, a stock market crash is a disaster.

For short sellers, this is undoubtedly a time of great profit.

Giants like JPMorgan Chase, Quantum Fund, and Berkshire Hathaway all suffered losses in this stock market crash.

And it was a severe setback.

JPMorgan Chase, in particular, lent their shares to others for short selling, hoping to make a small profit from transaction fees.

This time, they ended up losing money.

As for continuing to hold onto those stocks?

Haha, it's just a piece of waste paper, why keep holding onto it?

Of course, we should sell whenever we can.

However, in today's market, there are people selling stocks everywhere, while there are practically no people buying stocks.

Many short sellers seem to believe that the stock price can continue to fall, so they are not in a hurry to exit.

For example, Ray Dalio of Bridgewater Associates didn't rush to buy back the stocks in the market and then return the stocks he had borrowed from other companies to short.

"It should continue to fall, no rush!"

On October 19th, the entire US stock market lost more than $600 billion.

This is much higher than the more than 500 billion US dollars evaporated in a single day in the original timeline.

Based on the current situation, the stock price will continue to plummet tomorrow, and even in the next few days.

AT&T's stock price fell by 42 percent.

Coca-Cola's stock price plummeted by 39.5 percent.

ExxonMobil's stock price plummeted by 35 percent.

Looking around, companies like General Electric, Motorola, Boeing, IBM, U.S. Oil Company, General Motors, and Ford Motor Company all saw their stock prices plummet by more than 30%.

Warner Bros., Disney, and other publicly traded Hollywood second-tier giants were also affected by the stock market crash, with their stock prices plummeting.

In the 1970s, companies such as Warner Bros. were influenced by the four giants: Paramount Pictures, Universal Pictures, 20th Century Fox, and MGM.

Both box office revenue and revenue from movie merchandise have plummeted.

Over time, the current top tier of Hollywood giants consists of Paramount, MGM, 20th Century Fox, and Universal Pictures.

The second tier of giants consists of Warner Bros. Pictures, Disney, and Columbia Pictures. United Artists, once one of the original eight giants, has fallen to the third tier. This stock market crash was also a huge disaster for listed Hollywood companies.

Moreover, due to the stock market crash, film investments and other ventures may also face more unexpected consequences.

Of course, the arrival of a stock market crash can lead to a surge in movie box office revenue, which is very strange, but Sam has proven this over the past hundred years.

Whenever there is an economic downturn or crisis, their movie box office actually increases.

Zhao Jinshi and his team were overjoyed; they had really made a lot of money this time.

"Come on, let's start clearing out our positions today and turn all the unrealized gains into profits."

Following Zhao Jinshi's orders, his traders sprang into action one by one.

In today's US stock market, not a single stock can continue to rise.

Recently, all companies that planned to go public through an IPO have stopped and opted to postpone their listing.

They dare not go against the general trend, otherwise they would definitely suffer heavy losses.

The Dow Jones Industrial Average has plummeted to an abysmal level, and the New York Stock Exchange is in an even more disastrous state.

From New York to Chicago, from London to Paris, from Singapore to Tokyo, global markets have been affected by the Sam stock market crash, and this time the impact has been enormous.

Especially in Europe, the losses were severe.

Zhao Jinshi and his group took advantage of the stock price hitting rock bottom and immediately liquidated all their short-selling positions.

The initial unrealized gains quickly turned into real profits.

Banks under the Hong Kong Island Development Bank Group have been making a fortune recently.

After all, Zhao Jinshi and his group chose the Hong Kong Development Bank Group as their channel.

This banking group is currently the largest banking enterprise under Zhao Mancang's control. It is a multinational financial giant with a large number of branches all over the world.

In addition, Zhao Mancang also secretly holds more than 30 percent of the shares in several international banking giants, including Barclays, First Citibank, Merrill Lynch, and Wells Fargo.

In other words, Zhao Mancang is one of the major shareholders.

However, Zhao Mancang rarely makes public appearances and has never had the companies holding these shares come together to oust the pseudo-major shareholder who is currently sitting in the chairman's position.

But with this stock market crash, perhaps they can be kicked out.

Zhao Mancang today desperately lacks international financial institutions to provide him with cover.

The Hong Kong Development Bank Group is clearly not enough.

"How much money did Fourth Brother make?"

Zhao Yuechan looked at Zhao Jinshi with a smile; her fourth brother must have made a lot of money.

"Not much, I probably didn't even get as much as my older sister this time," Zhao Jinshi said with a resentful look at Zhao Huijun.

Upon hearing this, the latter chuckled and shook his head.

Because everyone knows that their father treats all his children the same.

Of course, only Zhao Huijun and her father knew that she had borrowed 10 billion US dollars; none of her other siblings knew about it.

Therefore, Zhao Huijun holds 10 billion US dollars, as well as 3 billion US dollars borrowed from Zhao Jinshi.

In addition, she already had two or three billion US dollars.

Then she added leverage, so Zhao Huijun's investment in the stock market this time exceeded 30 billion US dollars.

She used $30 billion to short Sam's stock market, and of course, it wasn't just for fun.

When most of Sam's businesses plummeted by more than 35%, her profit this time naturally exceeded 35%.

The week-long clearance sale has quickly yielded its results.

The profit indeed exceeded 40%, with total profits reaching 14 billion US dollars.

Among Zhao Mancang's many children, Zhao Huijun was the one who benefited the most.

At Deep Water Bay Villa Estate, Zhao Mancang, in high spirits, rarely returned from outside.

"Everyone has already sold off their holdings, right? How much profit did you make? Tell us so we can all be happy too."

On the sofa in the living room, Lin Wan and Liu Baochan sat on either side of Zhao Mancang.

The other positions are occupied by Zhao Huijun, Xiaobaozi Zhao Jingrou, Xiaotaozi Zhao Juntao, Xiaoshitou Zhao Jinshi, Xiaopangdun Zhao Pingan, Zhao Siyu, Xiaoyuechan, Zhao Tianyi and Zhao Xinyi, as well as Zhao Zhicheng, Zhao Jinxi, Zhao Sihui, Zhao Leyong and Zhao Linlin.

Currently, Zhao Zhirui is the only one who hasn't appeared in this household.

Previously, Zhao Zhirui was given free food and drinks, which also helped him break his addiction to gluttony.

Who knew he would escape from prison and then go to a remote mountain valley for a real-life survival adventure?

Zhao Mancang was too lazy to bother with him, so he decided to let him fend for himself.

"Dad, I've earned 6.2 billion!" Zhao Linlin was the first to speak, causing everyone to gasp in astonishment.

Her child is only twelve years old, yet she has already earned six billion US dollars?

so horrible!

In short, Zhao Linlin's net worth has now exceeded 10 billion US dollars.

Previously, most of the children in the family, except for Zhao Jinshi, had assets of hundreds of millions, billions, or tens of billions of US dollars. Only Zhao Jinshi had assets exceeding 10 billion US dollars.

Now look what's happened, is it going to be tens of billions of dollars per capita?
If that's the case, then that would be really interesting.

To be honest, it's quite something that Zhao Mancang personally encouraged these kids to short Sam's stock.

They dare to do anything.

It's hard to say whether it's good or bad to let these children go through these things.

But that's okay, from the moment they were born, it was already destined that they would not be ordinary.

After all, their father, Zhao Mancang, was no ordinary person.

“Dad, I’ve also made a lot of money, 5.5 billion US dollars,” Zhao Leyong said.

But he was outshone because he and Zhao Linlin are twins, and the two siblings have always been comparing themselves to each other.

"Tch, you don't have as many as me. I told you you couldn't beat me, now you believe me?" Zhao Linlin added insult to injury.

Haha!

Everyone was laughing very happily, especially Liu Baochan.

The two children couldn't stand each other and argued constantly.

It's absolutely unacceptable not to fight for victory or defeat.

Seeing this, Zhao Mancang smiled helplessly.

Subsequently, the other children also reported the profits they had earned.

Overall, most of the children made at least three to four billion US dollars in this stock market crash, with Zhao Huijun making the biggest profit.

Since everyone had made so much money, Zhao Mancang couldn't resist testing them.

"Do you know how to manage all this money now? This isn't just a few hundred million dollars like before, but tens or hundreds of billions of dollars. This is a very large sum." (End of Chapter)