The unparalleled talent of the country started from Harbin Institute of Technology

Chapter 318 Stubborn to the end (Seeking monthly votes)

October 1, 1987, National Day.

"Is your brother really married and has children? Will he cause any more trouble?"

In the early morning, Liu Xiaoli looked at Wang Duoyu and muttered to herself.

Wang Duoshi's sudden return yesterday was indeed quite unexpected.

Liu Xiaoli had heard about what kind of person Wang Duoshi was back then.

Despite not having seen each other for more than five years, Liu Xiaoli found it hard to believe that Wang Duoshi had really changed his ways.

After all, he had been fighting before Wang Duoyu sent him to the army, and even earlier, in October 1978, Wang Duoshi had beaten Zhang Jun, that hooligan, so badly that he was hospitalized.

Over the years, Wang Duoshi's fighting nature has become ingrained and is difficult to change.

"No one can guarantee whether he will cause trouble."

Wang Duoyu paused for a moment, then continued:

"If he causes trouble again, the military will naturally deal with him. Every adult should be responsible for their own behavior."

"Don't think too much about it, Sisi is crying, she's probably hungry."

A baby's cry is because it has a need. Wang Duoyu used to really not understand whether the baby's crying was because it had soiled itself, was hungry, or had some other reason.

However, he already has four children and can clearly distinguish what a baby's cry means.

The couple chatted for a few minutes before Wang Junhong and the others rushed in.

"Dad, shall we go shopping today?"

"Where do you want to go?"

Central Avenue, Zoo

Li Rongrong, Lu Yuening, Wang Junan and the other children all told us where they wanted to go.

Central Street is one of the most bustling streets in Harbin. The old campus of Harbin Institute of Technology is located on a relatively bustling street because there are many people there, and even more wealthy people.

Zoos are popular with children because they have many animals.

"You guys play rock-paper-scissors and see where we're going. We'll leave at 8:30."

Today is National Day, and the whole country is on holiday. Wang Duoyu hasn't been out for a long time, so now that Liu Xiaoli has finished her postpartum confinement, he'll take the mother and daughter out for a stroll.

Wang Junhong and his friends cheered and started playing rock-paper-scissors to decide where they would go.

After playing rock-paper-scissors, they finally decided to go to the zoo.

Although I've been there several times, it's been a while since I last went, so going now might bring some novelty.

The National Day Golden Week was first established in 1999; now it's a two-day holiday.

So happy times pass very quickly, and in the blink of an eye, Wang Junhong had to pack his schoolbag and go to school.

The little brat's grades are excellent. When he goes to school, he crushes his classmates. Who told him to start studying the sixth-grade textbook on his own?
Harbin Institute of Technology Affiliated Primary School does not have a gifted class, otherwise we could arrange for the little guy to try it out, so he won't become arrogant.

After the holiday ended, it was October 4th in the blink of an eye, which was a Monday.

At 9:30 a.m. local time on the 4th, the New York Stock Exchange opened, and instantly, the stock prices of many companies began to fall.

On the other hand, the Dow Jones Industrial Average also fell by 18.57 points.

In just one day, the US stock market showed signs of an impending crash, with a downward trend already established.

Inside the villa on the lakeside island of Harbin Institute of Technology's Weizigou campus in Harbin, after learning about the situation, Wang Duoyu immediately ordered Hela O'Brien and others to increase leverage and short sell!

At this point, the battle horn should sound for the decisive battle between the bears and the bulls.

If we still don't dare to increase leverage at this point, when will we?

After all, Wang Duoyu still had some doubts in May, June, July, August and September, but by October 4th, there was no doubt about it.

A US stock market crash is inevitable, so Wang Duoyu doesn't mind adding more obstacles and accelerating the process.

Lee Efra, O'Brien, Wang Jianchao, Zheng Baoyin, and others all launched a collective attack, advocating for increased leverage and continued borrowing.

It seems a stock market crash is imminent.

In Guangzhou, Yuan Youlan was so happy to learn that US stocks had fallen that she danced with joy.

"This round is a sure thing! Thank you, Professor Wang!"

Xia Huarong from Shanghai, Guan Chonggui from Beijing, Qiu Xianzhang from Xiamen, Pan Hongxu from Tianjin, Qi Xingbang from Kunming, and others all burst into laughter.

After the bugle call to charge, it will soon be time to reap the harvest.

On the other hand, on Wall Street in the United States, there were banks willing to lend money to Wang Jianchao and others and increase their leverage.

Even though the market has already fallen, they seem to believe that the US stock market will rise again, and that this decline is just a technical correction.

The next day arrived as scheduled.

October 5th was a Tuesday, and US stocks continued to fall after opening.

Looking around, there are very few companies whose stock prices have risen.

Market sentiment seems to have been stirred up, but there are also retail investors who have been misled.

After all, there are always people who buy when stock prices fall, thinking they are buying at the bottom. Little do they know, no one knows whether tomorrow or an accident will come first.

However, on the second day, the Dow Jones Industrial Average continued to fall, dropping by more than 20 points in a single day, a significant decline from the previous day.

However, when the third day arrived, the market dropped more than thirty points right after opening, leaving all the traders on Wall Street dumbfounded and incredulous.

Inside the Empire State Building on Wall Street's most bustling street, in the Bridgewater Associates trading floor, junior employee Jordan Belfort arrives for work on time.

Today is Wednesday in October. He has been on the phone ever since the market opened at 9:30.

The stock market has been falling all the way down, and although the drop was quite dramatic, it's still not too bad.

He has been studying for the trader certification exam, and in a while, he will pass the test and become a formal trader.

After a busy day, the Dow Jones Industrial Average has fallen to around 40 points, and combined with the previous two days, the total drop is approaching 80 points.

so horrible!

A decline in the index also means profits for securities companies.

Whether it goes up or down, as long as there is fluctuation, there is an opportunity.

After get off work, Jordan Belfort dragged his tired body home, but thankfully he had his understanding wife to help him relieve his frustration.

Reduce his stress, otherwise he probably would have developed depression long ago.

The next morning, he kissed his young wife goodbye, took a bus to Wall Street, and when he arrived, he bought a coffee and a hamburger and ate them as he walked to the building.

Around 9 a.m. is usually the peak time for people to go to work.

Even though the Empire State Building has several elevators, you still have to wait in line because there are too many people.

After finally squeezing onto the elevator and arriving at his office, Jordan Belfort immediately plunged into his busy and demanding work.

Reviewing yesterday's work and preparing for today's market opening, I also need to go to the restroom and get water, etc.

Because once the market opens at 9:30, there will be almost no time to go to the toilet or get water.

Sure enough, after the market opened, it was like a fight broke out again.

Thursday was much the same as yesterday, and the same was true for Friday.

After the stock market closed on October 9, the Dow Jones Industrial Average fell by an average of 159 points, a decline that was alarming.

After Jordan Belfort got off work, he got a PHS phone and received a call from his friend Henry Dale.

"Jordan, wanna grab a drink later?"

"Okay, see you at six!"

Tomorrow is Saturday, no work, so I can go out and have a couple of drinks with friends.

Henry Dale not only made an appointment with Jordan Belfort, but he also called Andy Slick.

At six o'clock in the evening, Henry and his two companions sat together chatting in a restaurant on Wall Street.

"Is this a Brabus gold watch? I've seen it; it's a gold watch sold in Pandora stores, right?"

After sitting down and chatting for only a few words, Jordan Belfort immediately recognized the gold watch on Andy Slick's wrist—it was too dazzling.

It almost blinded his titanium alloy eyes.

"Good eye!" Andyslick nodded with a smile, readily admitting it.

He did very well at Maple Capital, not because he was such a great analyst, but because the owner of Maple Capital was very capable.

In Andy's view, the reason why Maple Capital is so successful is mainly because of Hela O'Brien.

Why is it that the latter's instructions have never been wrong?
"Your company must be making a lot of money! How much did you earn this past week when the stock market was down?"

Jordan Belfort had barely finished asking the question when he immediately apologized:

"I'm sorry, I was being a bit presumptuous."

"It's okay!" Andy shook his head and said.

"I'm an analyst, not a trader, otherwise you wouldn't be seeing me today."

My salary is $30,000.

"Fuck, how much?"

Henry and Jordan were instantly taken aback, especially the former, who used to work for Maple Capital with Andy, but now the latter was earning a monthly salary of 30,000.

Henry's current salary is only two thousand US dollars.

This salary level is not fixed, because Henry, like Jordan Belfort, was a low-level employee with a very low salary and a very low skill level.

Two thousand and thirty thousand US dollars are completely different worlds.

No wonder Andy can afford a gold watch that costs $20,000.

Pandora is a luxury brand that has emerged in New York in recent years. It is known for its top-quality products, trendy designs, and diverse membership programs. Many young people even work hard to save money in order to become Pandora members.

To become a regular member, you need to spend at least $10,000; otherwise, you won't be able to make any purchases.

It's so cool.

"Calm down, I only made $30,000. Henry, you know our company's traders have a base salary of $50,000 a month, and the bonuses are the real money."

Upon hearing this, Andyslick thought they were making a fuss over nothing and quickly said something.

Jordan and Henry were immediately filled with envy, because they had no idea how Andy felt at that moment.

In their view, having it would bring them great happiness.

In fact, happiness and possession are not always the same thing.

But for Jordan and Henry, who are now penniless, happiness is synonymous with possession.

Even if this happiness is only for a short time, just having it is success, it is happiness.

"Andy, is your company still hiring?" Jordan asked directly, his eyes filled with anticipation and a desire for money.

Henry's face immediately darkened upon hearing this.

He's not thick-skinned, but he has a very strong sense of self-respect, so he can't bring himself to do it.

Even if he were to swallow his pride and ask, and even if he were to return to Maple Capital, he might not actually dare to go back.

If he runs into a former colleague, his face might not be so useful anymore.

We are not hiring at the moment.

Andy shook his head, and Jordan was immediately very disappointed, but then he heard Andy say the following:
"However, I will definitely let you know if I need to hire anyone."

"Thank you!"

Jordan's thank you was heartfelt.

At this time, Jordan Belfort was still a relatively innocent and progressive young man. He wanted to make progress and give his wife a stable and wealthy home.

The weekend passed quickly.

October 12th, Monday, arrived as scheduled.

At 8:50 a.m. sharp, Jordan arrived at the Bridgewater Associates trading floor to prepare for the market opening.

He's not far from becoming a full-fledged trader.

The stock market opened promptly at 9:30 a.m.

In less than half a minute, the trading hall went from quiet to noisy, and in an exceptionally noisy way.

Words beginning with the letter F appeared repeatedly, creating a wonderfully noisy cacophony with the sound of keyboard typing.

This is just one corner of the stock market trading.

There are far too many similar trading floors within the many reinforced concrete buildings on Wall Street.

These traders, analysts, and others became the lowest-ranking employees on Wall Street.

The powerful financial giants have their own independent and luxurious offices, so they don't need to come to the trading floor to see the traders in person.

In other words, those senior executives would be around the trading floor; they were the real managers.

The Dow Jones Industrial Average fell again, and the downward trend was more pronounced compared to last week.

On the other side, Wang Jianchao was also watching the opening of the New York Stock Exchange. When he saw the stock price continue to fall, he cheered.

"Add more leverage! Give me 15x leverage!!!"

Wang Jianchao knew a stock market crash was imminent, and after using leverage, he didn't know if anyone would still be willing to take his orders.

After all, there were too many orders.

Not everyone has the courage to continue shorting when stock prices are falling.

Keep in mind that the entire market is declining, not just one particular stock.

Therefore, it takes immense courage to take on such short positions.

Currently, the bears are in control, and the bulls are showing signs of weakness.

Zheng Baoyin, Wei Ruolai, and others also increased their holdings.

At the headquarters of Duchy Bank, Sifleyman received a report from his subordinates about the situation on the New York Stock Exchange, and he almost couldn't catch his breath.

"Fuck, how is this possible? Didn't you say it would go up this week? Is this what you called an up? A technical correction?"

A group of people were so angry they didn't dare to say a word.

They all started acting like subservient grandsons.

The New York stock market fell across the board, and the losses were severe.

On September 30th, Duchy Bank sold most of its shares to other companies.

This is terrible, isn't it?

Even if you're holding for the long term, the stock price is declining across the board now, so a financial crisis might already be looming.

How to do?
People with unstable mental states are bound to jump off buildings.

Sifleyman is a big shot, but he definitely wouldn't sit idly by when faced with losses of tens or hundreds of millions of dollars.

Last week it was already falling non-stop, and this Monday it fell again as soon as the market opened. Who can stand it?

In fact, it wasn't just Sifleyman who was mentally overwhelmed; many institutions that accepted short selling were also extremely nervous.

Although they are seasoned veterans who have seen it all, this time it has been a week-long decline, and even this week has seen a continued drop.

That would be a bit difficult to manage.

At 8:00 AM on October 13th, in the study villa on the island in the middle of the lake at Harbin Institute of Technology, Wang Duoyu received a phone call from Li Efra.

O'Brien, Wang Jianchao, Zheng Baoyin, and others were also present, and they reported on the situation today.

It was 8 p.m. local time in New York on the 12th, and the New York stock market had already started to decline that day.

For Want Want Group, this is a critical moment.

"Professor, the stock market is almost universally down today. The Dow Jones Industrial Average fell by more than fifty points, marking its biggest drop in the past six years."

A few years ago, in the early 1980s, Great Britain was the first to experience an economic crisis due to the oil crisis, which then spread to the United States.

This led to a very obvious downward trend in US stocks at the time.

That's why the Dow Jones Industrial Average is currently down more than 50 points, but this is only its biggest drop in the past six years.

If the decline continues like this, it could last for more than ten or even twenty years.

Since World War II, the US stock market has been on an upward trend. Although there have been periods of fluctuation and decline, it has generally been a bull market.

After nearly half a century of bull market, there is now a possibility of a stock market crash, which could interrupt this bull market.

"Furthermore, this afternoon, Warren Buffett, the legendary investor, declared in an interview that the U.S. stock market is very healthy."

Upon hearing this, Wang Duoyu chuckled and asked in return:
"Li, do you think the US stock market is healthy?" Li Evra hesitated for a moment before saying:
"Professor, I don't think the US stock market is healthy. It's been fluctuating for over a week now, and I believe that the market capitalization of many companies is currently inflated."

In reality, he harbored some resentment.

His judgment is irrelevant, because only Wang Duoyu can make the decision; no one else can.

In short, within the Want Want Group, all senior executives are merely tools, simply executors of Wang Duoyu's orders and strategies.

Judging from the current situation, Li Efra believes that Wang Duoyu's previous prediction of a stock market crash was indeed very reasonable.

But since he spends a lot of time on Wall Street, he is heavily influenced by it.

Even though Wang Duoyu had accurately predicted the appreciation of the yen and the depreciation of the dollar, he still leaned more towards the mainstream view on Wall Street.

This means they agree that the US stock market will continue its bull run, and that the current market decline is merely a technical correction.

Why are so many people still dreaming and unaware that a stock market crash is coming?
Because most people don't have that much foresight, they can't unravel the complexities and see through the essence.

"That's right, the US stock market has indeed reached a critical juncture. It will definitely continue to fall this week, either this Friday or next Monday, a stock market crash is inevitable!"

Wang Duoyu concluded.

"Don't worry about the current unrealized profits. If we can add to our position, then we should, but we absolutely must not liquidate our entire position. It's not time for us to liquidate yet."

In other words, the current stock price hasn't bottomed out yet, so there's no need to buy it back now.

After a pause, Wang Duoyu continued:

"After a stock market crash, you need to closely monitor the overall market trend and be ready to reap profits at any time."

"Next month, in November, you all need to come back to Ice City. I'll discuss the next steps with you then."

O'Brien, Zheng Baoyin, Wang Jianchao, Li Efra, and others nodded in agreement.

This meeting is now adjourned.

After staring blankly for a while, Wang Duoyu chuckled softly, then lowered his head and began his work.

Recently, his most important task has been stock trading. Although he is 100% confident, especially given the performance of the US stock market in recent days, which undoubtedly confirms his previous prediction of a stock market crash.

However, he cannot truly feel at ease until the stock market crash occurs.

On the draft paper, Wang Duoyu had already begun planning how to use the money he earned after the stock market crash.

Based on current projections, this investment of over 20 billion US dollars, plus the additional investment that began on October 5th, is expected to yield a profit of approximately 15 billion US dollars.

This is not a small amount of money.

If all the funds used for short selling were leveraged, the profits would certainly be more than $15 billion.

However, it would be ridiculous if someone were to collude to manipulate the market and cause a margin call.

Therefore, Wang Duoyu is simply the safest and most reliable method.

Based on a total amount of 15 billion US dollars, this money could be allocated to three main areas: purchasing oil, buying up US stocks at bargain prices, and investing in the domestic market.

The reason for buying oil is not only for investment, but also because crude oil prices are still quite low.

Last year, crude oil prices plummeted to $10 a barrel, but now they've only risen to $19.8 a barrel.

Even in the past, the price has only fluctuated within the range of eighteen to twenty dollars, and the fluctuation range is not large.

Therefore, investing in oil is perfectly fine.

Moreover, domestic demand for crude oil will gradually increase.

Moreover, Want Want Group's own demand for crude oil is also increasing.

If Want Want Group successfully acquires the car brand, the demand for oil will continue to rise.

In short, investing in oil is a sure-fire way to make money.

After all, oil is the lifeblood of industry.

Secondly, he plans to buy US stocks at the bottom; Wang Duoyu had already compiled a list of relevant investments.

In the aftermath of the stock market crash in the United States, the country was in turmoil, and stock prices were no longer so inflated, but instead fell back to their original true value, or even lower.

Since the stock price will be very low anyway, just blindly buy at the bottom.

For example, in the original timeline, Buffett bought Coca-Cola at a bargain price.

Wang Duoyu, after all, had a God's-eye view, so whether it was Coca-Cola, ExxonMobil, General Motors, AT&T, or other companies, he just needed to buy at the bottom.

Tech companies like IBM, Apple, and Motorola should be approached with caution.

IBM can be ruled out first, because the company basically experienced a stock market crash, and its stock price is inflated.

Apple and Motorola are worth considering, but not too many.

As for acquiring Apple or Motorola?

Totally unnecessary!

Well, tech companies should reconsider. In short, they should focus on buying up energy and food companies first. Tech companies really need to be cautious.

If it's purely a financial investment and acquisition is impossible, then any company would do; there's no need to fixate on tech companies.

Therefore, regarding bottom-fishing in US stocks, I still need to talk to Zheng Baoyin and others, and it's best to check relevant newspapers.

Furthermore, if necessary, one can purchase relevant reports from Nielsen Business Research.

Third, invest domestically.

There is no stock market in China at present. Neither the Shanghai Stock Exchange nor the Shenzhen Stock Exchange existed in the 1990s, which is still a long way off.

China's reform and opening up has been going on for almost ten years now.

In the coming years, the individual economy will develop rapidly, and a large number of barbershops, clothing stores, bakeries, and so on will appear on the streets.

Because at this time, many people have money, so of course they will go out and spend it.

Catering, hairdressing, and clothing are all excellent areas for development.

However, such economic development is not suitable for Wang Duoyu to invest in, as it is too fragmented and disorganized.

Moreover, Want Want Group is the largest apparel giant in China, and Youma Apparel's stores have already taken root in many cities across the country.

"Forget it, I'll ask the supervisor for the relevant documents and we'll analyze the specific issues on a case-by-case basis!"

Wang Duoyu thought about it and decided to consider investing in the domestic market gradually.

The industries he can think of include automobiles, tractors, machine tools, refrigerators, cables, engines, televisions, plastics, landscaping, instruments and meters, and soft drinks and liquor, but he hasn't decided on a specific industry yet.

Jordan Belfort dragged his tired body home again, where his barber wife gently cared for him and even massaged his shoulders.

After a night's rest, Jordan returned to the Empire State Building refreshed and ready to continue his work for the day.

After a busy day, Jordan didn't feel like the days were dragging on. Although his salary was low and he was struggling every day, he was full of passion and motivation. He believed that he could definitely become a formal trader and make a name for himself on Wall Street.

The next day on his way to work, he passed a newsstand and, as if possessed, bought a newspaper.

Simply because the Financial Times published Soros's name.

Anyone in finance knows George Soros, because he is very good at short selling.

Although Jordan was young, he had read a lot about Soros.

George Soros once made a very classic short-selling case in the 1970s, which was the deal between Soros and Avon Cosmetics.

To achieve his goal of short selling, Soros borrowed 1 shares of Avon Cosmetics at a market price of $120 per share.

After a period of time, Avon's stock began to plummet.

Two years later, Soros bought back 1 shares of the company at $20 per share, making a profit of one million dollars and leaving.

Although it took more than two years, Soros made a fortune; this was in the 1970s!

From the time George Soros established the Quantum Fund in 1973 until December 31, 1980, the fund grew by 3365%.

Meanwhile, the S&P 500 Composite Index grew by only 47% during the same period.

This is the difference!
During the Plaza Accord two years ago, Soros' Quantum Fund had already started going long on the Deutsche Mark and the Japanese Yen in September 1985, and subsequently made a profit of over $200 million.

By 1986, the Quantum Fund's wealth had reached $1.8 billion, and Soros personally earned $280 million from the company.

Jordan Belfort admired people like this the most, so his idols were financial geniuses like Buffett and Soros.

The newspaper Jordan is holding is dated October 14th, and Soros has published an article in it predicting an imminent collapse of the Japanese stock market.

This is the mainstream view on Wall Street.

Even now, the Dow Jones Industrial Average has fallen by at least 300 points compared to October 5th.

However, many people still believe that the US stock market is very strong, and that once it has fallen enough, it will be time to buy the dip.

Even Soros believed that it was the Japanese stock market crash that was the cause, not the US stock market crash.

According to Soros's 'boom-bust' theory of financial markets, a period of prosperity is always followed by a period of decline.

Soros predicted the impending collapse of the Japanese stock market because he learned through relevant channels that many Japanese companies, especially Galaxy and insurance companies, were buying large amounts of shares in other Japanese companies on the Japanese stock market.

Japanese stocks were already trading at a price-to-earnings ratio of 48.5 when they were sold, and investor enthusiasm continues to rise.

This is the policy adjustment made by Kiichi Miyazawa and others after the appreciation of the yen: a loose monetary policy led to a bull market in the Japanese stock market and real estate, attracting a large amount of international speculative capital.

Therefore, Soros believed that the Japanese stock market was on the verge of collapse, but he was more optimistic about the US stock market.

The reason is simple: the price-to-earnings ratio of stocks on the US stock market is only 19.7 times, which is much lower than that in Japan.

Furthermore, Soros pointed out in the article that stock prices in the US stock market are still within a reasonable range, and even if the Japanese stock market collapses, it will not have too much of an impact on the US.

Prior to the publication of this article, Soros had already moved billions of dollars of his investment from Tokyo to Wall Street.

"Fuck, I also want to short Japan, but unfortunately I don't have the power."

After seeing the newspaper, Jordan really wanted to invest, but unfortunately he didn't have the financial means.

He's just a country bumpkin, how could he possibly have such strength?
However, he doesn't have that kind of power, but Soros does.

"Are there still many short sellers in the market?"

Inside the Quantum Fund office, Soros and his partner Rogers were discussing something, both of them frowning.

In the current US market, the short sellers are too powerful, while the long sellers are being suppressed by the short sellers because the market has been declining and stock prices have fallen.

"Yes, there are still many people shorting stocks, such as ExxonMobil, Sony, and General Electric."

Rogers' brow was furrowed deeply:

Should we intervene?

According to Soros's 'boom-bust' theory, the Quantum Fund, which currently holds billions of dollars, should take advantage of the current low stock prices to buy at the bottom.

Upon hearing this, Soros pondered for a long while before replying:
"No rush, let's wait and buy the dip on Friday."

In other words, Soros believes the market will continue to fall, and by Friday, it will be a good time to buy the dip.

But retail investors don't think so. They believe that many companies in the US stock market are already at very low prices, and it's time to buy at the bottom.

Companies like ExxonMobil are well-known in the US stock market, and retail investors don't think their stock prices will fall much.

Therefore, many people also need to enter the market to apply for loans.

At the same restaurant, on the evening of October 14th, Jordan invited Andy to dinner, wanting to discuss just one thing: borrowing money.

Andy arrived as promised, and when Jordan suddenly asked to borrow $20,000 to invest in stocks, he refused without hesitation.

"I've already invested all my money in the stock market."

So, are you going long or short?

If it were an ordinary person, Andy definitely wouldn't have told Jordan.

The latter was an insider, and just an ordinary nobody, so Andy didn't hesitate and told him directly.

"I'm shorting!"

"You don't trust Soros's judgment?"

Jordan found it incredible, but Andy, upon hearing this, shook his head and said:

"I trust my own judgment more!"

Andy almost gave away the secret.

Although he wasn't a trader at Maple Capital, he was, after all, an analyst. In his daily work, he needed to collect a lot of data to analyze and extract useful information.

Through a large amount of data, Andy roughly understood that Maple Tree Capital was shorting the stock market.

Although he didn't know exactly which companies he was shorting, Andy did notice the unusual stock price movement at Sony in May of this year.

Sony is not a small company, so Andy could certainly know about its stock price fluctuations very quickly.

So he followed them in, but unfortunately he couldn't get on the bus at all.

But this time was different. In late September, he had already invested all of his $260,000 in Salomon Brothers to short the company!
Currently, Solomon's stock price has fallen significantly, and the account's unrealized profit has exceeded $20,000.

However, Andy did not intend to leave at this time; he wanted to wait a little longer and was not in a hurry!
Upon hearing this, Jordan looked at Andy in disbelief.

"Soros is a stock market tycoon. He has been operating in the global financial markets for so many years, his judgment is certainly not wrong."

Upon hearing this, Andy wavered for a moment, but quickly shook his head and said:

"I still trust my own judgment; US stocks will continue to fall. If you short them now, you might even be able to make a little money."

"However, if you're going to take out a loan to invest in stocks, I wouldn't recommend it!"

George Soros is the "beacon" of the United States, seemingly omnipotent in the stock market.

The Quantum Fund has made so much money in just a decade or two, and now holds billions of dollars in funds.

The prestige that Soros has built up over so many years is not so easily shaken.

But Andy was different; he naturally trusted his own judgment more.

Upon hearing this, Jordan did not try to persuade Andy further.

The very next day, Jordan took $36,000 and bought ExxonMobil stock at rock-bottom prices, because he believed it was time to buy.

He believed Soros's judgment, and he himself thought so too.

With the Quantum Fund already holding several large long-term stock positions, Jordan became even more convinced that this was the direction to make money.

Just after Jordan bought at the bottom of the market, Friday arrived as expected.

In the Quantum Fund office, Soros and Rogers discussed for two hours, and in the afternoon, they lent several long-held stocks to Maple Tree Capital, Summit Global, and other companies.

Soros and his associates were unaware that Maple Tree Capital and other firms were shorting stocks, and that they were doing so with leverage.

Other companies that have taken long positions, like the Quantum Fund, include Buffett's Berkshire Hathaway and Bridgewater Associates. Buffett, in particular, invested over $800 million in Salomon Brothers.

They were all buying at the bottom, believing that the stock market should rise starting next week, so they entered the market on Friday.

On Friday evening, Jordan, Henry, and Andy sat down together for dinner again.

They're all focused on making money right now, and they don't have much money in their pockets, otherwise they definitely wouldn't just have a simple meal.

"You spent over 30,000 to buy at the bottom? Are you crazy?"

When Andy learned that Jordan was going to go long, he was speechless. Are there any stocks still going up in the US stock market right now?

No!

Not a single one could be found.

"The Dow Jones Industrial Average has fallen by more than 500 points since the 5th of this month, and it has dropped 63 points today alone. Jordan, what are you thinking? Who gave you the courage?"

Good words can't persuade you to die!
If Andy had been able to reveal more information, he would definitely have tried to persuade the other party.

Unfortunately, at this point, Jordan only trusted Soros.

Moreover, it wasn't just Soros; many companies were also buying on the dip on Friday, and the renowned Buffett was also very bullish on US stocks.

So what reason is there not to go long?
On the contrary, Jordan advised Andy to turn back before it's too late and not to be so stubborn.

Andy: "."

Henry, listening to their heated discussion, felt inexplicably frustrated.

He had no money in his pocket, nor did he have the courage to take out a loan or borrow money to invest, so all he could do at that moment was be a quiet and competent listener.

While Andy and Jordan were arguing heatedly, Zheng Baoyin, Wang Jianchao, and a few others happened to pass by and, after overhearing the discussion, couldn't help but laugh.

The financial atmosphere on Wall Street is incredibly vibrant.

"Let's go back to the company and report to Uncle Jiu."

Zheng Baoyin nodded and followed him out of the restaurant.

At 8 p.m., several signal jammers of different specifications were activated in the New York headquarters office of Want Want Group. Only then did Zheng Baoyin and his team begin to report the situation to Wang Duoyu, who was far away in Harbin.

They immediately informed Wang Duoyu of today's events, as well as the actions of investment tycoons such as Soros and Buffett.

(End of this chapter)