The unparalleled talent of the country started from Harbin Institute of Technology
Chapter 324 Holding the Blade in Hand
In December 1987, in New York City, amidst a forest of concrete and steel skyscrapers, Wall Street, the behemoth, was licking its wounds.
However, inside the building where the Quantum Fund is located, Soros and Rogers were sitting in a luxurious high-rise office, calmly drinking 1982 Lafite, smoking cigars rolled by Cuban girls, looking at the computer monitor in front of them, and laughing.
The data flashing on the monitor is the ever-depreciating US dollar.
After the stock market crash, the astute Soros immediately consulted with Rogers and then began shorting the US dollar.
Because they have already realized that the dollar is bound to depreciate, and by a very severe amount.
According to data released by the Federal Reserve, the US dollar index was 165 in early October this year, and even in the week following the stock market crash, the US dollar index was 153.
However, after entering November, the US dollar index fell very sharply.
By December, the US dollar index had fallen to 95, a truly astonishing drop.
The speed at which the US dollar has depreciated has exceeded everyone's comprehension.
Last year, there was also the Louvre Agreement, which forced currencies such as those of Germany and Japan to appreciate in order to enhance the competitiveness of American exports in the international market and increase export products.
That's no longer necessary. Global confidence in the US dollar has plummeted, leading to a severe depreciation of the dollar.
The most important reason for this was the financial market turmoil and decline in investor confidence caused by the stock market crash.
On October 19th of this year, the US stock market crashed, and in one day, the US stock market lost at least 500 billion US dollars.
This caused panic in global financial markets and triggered a financial exodus.
The withdrawal of large amounts of funds from dollar assets has reduced demand for dollars, which in turn has led to the depreciation of the dollar.
"Now I've figured it out too. The second reason for the depreciation of the dollar is our country's economic recession and trade deficit."
In his luxurious office, Soros said to Rogers:
"An economic recession is inevitable after the stock market crash, and the trade deficit will further widen."
"Fuck, products from Japan and Germany still sell very well in the US, it's unbelievable!"
In order to address the two major problems of widening trade deficit and economic recession, Reagan and his colleagues adopted a policy of devaluing the dollar, which further accelerated the devaluation of the dollar.
The last reason, however, was something Soros couldn't figure out.
The shifts in market sentiment are beyond Soros's comprehension.
Since the collapse of the Bretton Woods system in 1973, the US dollar has been decoupled from gold.
This means the dollar is no longer backed by gold, and its value depends more on market confidence and acceptance in international trade.
The stock market crash directly exacerbated the loss of market confidence in the US dollar, thereby accelerating its depreciation.
This is the reason for the changes in the global monetary system. The reasons are somewhat complex, and indeed, few people pay attention to this point.
But regardless, the depreciation of the US dollar is a fact.
The Quantum Fund will certainly make a fortune from this shorting of the US dollar.
Meanwhile, at the Maple Capital office, the head, O'Brien, was not there, as he had left the United States on a business trip.
Every so often, O'Brien would leave New York.
Executives are always very busy, that's for sure.
Even though Maple Tree Capital is currently shorting the US dollar, this investment project should theoretically be of a higher importance.
However, this was not the case for O'Brien.
"Our unrealized gains have now reached $320 million. Shouldn't we sell now?"
Why are you overthinking it? Can we really make decisions like this?
What if the dollar appreciates?
"Do you think that's possible? Even if there's a slight increase, it's just a market correction, what's the big deal?"
Inside the small, dark room where Maple Capital's office is located, a group of traders are discussing this matter.
However, they couldn't reach a conclusion before O'Brien appeared at the door.
"What are you two talking about? You seem to be having a great time."
When O'Brien returned, the traders immediately fell silent, like quails.
The US dollar index has now fallen to 89, and based on market feedback, it will certainly continue to fall.
The impact of the stock market crash continues, and the sadness has not yet subsided.
On the other hand, it involves looking at data on US exports. This data might be inaccessible to others, but O'Brien could easily obtain it.
To view US export data, you only need to focus on the New York Customs and Border Protection and the California Customs and Border Protection.
O'Brien receives a set of data every week, all provided to him by a mysterious person.
Want Want Group has dedicated personnel to liaise with these individuals.
Since it only requires payment in US dollars, that's sufficient.
The export data from the General Administration of Customs is not a document with a very high level of confidentiality.
Besides, everything has a price here in the United States.
Even the financial giants themselves have price tags.
Therefore, as long as you can afford the price, there is basically no item or commodity that money cannot buy.
"Let's observe for the next few days. As soon as the dollar index falls to 86, we'll immediately liquidate our positions!"
Upon hearing O'Brien's order, the traders quickly and earnestly assured him that they had no problem.
Jordan Belfort is having an interview in an investor center office on Long Island, New York.
At the end of October, not long after the stock market crash, Jordan was fired by Bridgewater Associates and became unemployed.
He had told Andy Slick that he hoped the latter could help with an internal referral, as he wanted to work at Maple Capital.
However, Jordan's resume was rejected in the first round of resume screening.
why?
Because my academic qualifications weren't impressive enough, I was naturally rejected.
After the stock market crash, Manhattan had no shortage of job seekers.
When selecting employees, Maple Capital places more emphasis on education and loyalty than on ability.
At Maple Capital, to be honest, ability isn't the most important thing; loyalty is.
Unfortunately, Jordan had nothing; he was a typical person with no job, no connections, and no skills. As for the trader's license, that thing was practically worthless.
Jordan was depressed for a long time until December, when, encouraged by his young wife, he went to the investor center for an interview.
But when he walked in, he was immediately disgusted because the office was too messy and there was no price quotation machine or anything like that.
It's very casual; some employees even come out of the restroom and their desks are right next to it.
He was having second thoughts, but since he was already there, he still went for the interview.
During the interview, Jordan became excited when he learned that the company earned a 50% commission on each sale.
This is because when he was at Bridgewater Associates, his commission was one percent, and often even less than one percent.
The fifty-fold difference made Jordan's eyes light up.
And so he joined the Investor Center.
In less than a week, Jordan earned $30,000. That's an incredible speed at which he made money.
That afternoon, he received his first paycheck from the investor center, a check for a full $50,000.
Without saying a word, he went straight to the car market, intending to buy a luxury car.
"Fuck, this Mercedes S-Class costs $82,000? Why don't you just rob it?"
Inside the car mall, when he spotted a red Mercedes-Benz S-Class two-door coupe, he was so angry when he asked about the price that he started cursing.
In today's world, a Ferrari F40 sports car costs $41.5.
A red Mercedes-Benz S-Class coupe costs $8.2, which doesn't seem too expensive.
But Jordan only had $50,000, which he couldn't afford.
He had come to the car market full of excitement because he wanted to buy a sports car that was both flashy and suited his personality.
As a result, Jaguar was too low-end, Ferrari was too expensive, and only Mercedes-Benz had a luxurious logo, but the price was a little too high.
He definitely wouldn't be happy if he had to save up enough money next month to buy it.
So he ultimately chose to take out a loan.
Two days later, on the weekend, Jordan, driving a Mercedes-Benz S-Class coupe, arrived in Manhattan and met up with Henry Andy for dinner.
However, when he arrived at the hotel entrance, he saw a Ferrari F40 sports car that he had seen in the car market before.
Instantly, his mouth watered.
"Fuck, once I make some money, I'm going to get this car right away, it's so beautiful!"
Jordan Belfort was like most men; he liked money, beautiful women, and sports cars, as well as luxury watches and yachts.
Upon entering the restaurant, Andy and Henry were already waiting at their seats.
"Did you guys see that Ferrari parked at the entrance? Fuck, it's so beautiful, like a stunningly beautiful woman."
Before he could finish speaking, Jordan's eyes suddenly widened.
Because he saw a Ferrari key on the table in front of Andy, with a logo that was exactly the same as the Ferrari car logo.
"Andy, don't tell me that Ferrari parked outside is your sports car?"
"What? Can't I afford it?"
Andyslick chuckled and countered with a question, then pointed to the menu, urging the other person to order quickly.
After a while, Jordan finally accepted the fact that his good friend Andy was a millionaire.
It's obvious that Andy made a lot of money during the stock market crash two months ago. Although he didn't say it last time, two months have passed, so there's no need for him to hide it anymore.
For Andy, this meal was a farewell dinner with Henry and Jordan.
Because the wealth gap between them will continue to widen.
If they were to have dinner together again in the future, it would inevitably make Henry and Jordan feel resentful.
"That Ferrari by the door, I bought it on loan." Andy didn't tell the truth, and Henry's expression relaxed considerably upon hearing this.
Only Jordan stared wide-eyed, but Andy gave him a meaningful look.
Ferraris can only be purchased with cash; loans are not available.
Otherwise, Jordan would definitely have taken out a loan to buy that Ferrari F40, even if he still owed money to others. He would have definitely taken out a loan to buy a Ferrari instead of a Mercedes sports car.
A coupe and a sports car are completely different things.
The dinner party ended quickly, and Henry left, while Andy and Jordan went to a bar near the Hudson River for drinks half an hour later.
"Jordan, you must have a high monthly salary now, right?"
"Well, I certainly can't compare to you, but I made $50,000 last month, which is pretty good."
"Great!"
Andy gave the other person a thumbs up, praised them, and then asked:
"So, will you still invest?"
"Do you have an introduction?"
"No, I just thought you were a pretty good person and that you'd definitely be successful in the future. Maybe I'll need you to give me a hand then."
For Andy, staying at Maple Capital for the rest of his life would actually be enough.
But those who do not plan for the future will have trouble in the present.
He was very clear about his own abilities; he was just an ordinary person.
However, he made the right choice at the most crucial moment, which led to where he is today.
However, with the reforms at Maple Capital, analysts like him have gradually become marginalized.
For example, recently, Maple Tree Capital has launched new investment projects, but he, as an analyst, was not asked to find relevant information or data.
Therefore, the fact that he has been marginalized is already very obvious.
Once he is marginalized, it will be almost impossible for him to ride the company's coattails, make an investment, and get a share of the profits.
So he had no choice but to find a new way out.
Jordan made a lot of money at this time, and he had already sensed the business opportunity while eating.
But he wasn't quite sure if he could do this business.
Sell those junk stocks to ordinary, low-income people like repairmen who desperately want to get rich but don't have much money.
Therefore, Jordan was able to easily manipulate these low-level repairmen and others who dreamed of getting rich, thanks to his top-notch sales experience.
This allows them to earn substantial commissions.
"Andy, are you kidding me?" Jordan's face immediately showed an incredulous expression.
How is this possible?
During the stock market crash, Andy definitely made more than a million dollars, while Jordan lost more than ten thousand dollars.
A week before the stock market crash, Jordan took out $36,000 to buy ExxonMobil shares at rock-bottom prices, but he did not sell them at a loss.
Therefore, his losses are merely losses on paper, nothing more.
Even though it was a loss on paper, Jordan was still very distressed. Even though he made $50,000 last month, he was still heartbroken.
Therefore, the difference in status between him and Andy is like night and day.
"No, I'm not joking!"
Andy suddenly became serious and said:
"You need to understand that for the company you're currently working for, I believe there's absolutely a profit to be made from selling junk stocks."
A 50% commission, and that's just the profit sharing between the employee and the company.
And those junk stocks were handed over to Investor Center for sale, and I estimate that 70% of the money went to Investor Center, right?
So, to be honest, this business model is indeed profitable.
After Andy finished speaking, Jordan realized what was happening.
Yes, he can earn $50,000 a month by doing it himself, but what if he hires someone to do it?
"However, I don't have any money. Starting a company here would probably require a lot of capital, wouldn't it?"
After a pause, Jordan looked at Andy expectantly and said:
"Andy, how much money are you willing to invest?"
"Wouldn't it be better if, I mean, if Maple Capital were willing to invest?"
Upon hearing this, Jordan jumped up excitedly, instantly drawing disdain from the others around him.
Jordan had to calm down, then looked at Andy, leaned closer, and asked:
"Are you sure? Andy, is what you're saying true? Maple Tree Capital is really willing to invest? If so, won't they completely devour our shares?"
At this point, Jordan was tempted to be greedy, but he was also afraid that, like when he invested in ExxonMobil, he would be trapped after going long.
Luckily, he didn't cut his losses and leave, otherwise he would have lost a fortune.
Although he is not completely penniless and is still very young, he doesn't want to be trapped again.
However, if we partner with Maple Capital, I'm afraid they might copy our idea.
If Maple Capital were to completely sever ties with him and Andy and establish a separate company, wouldn't all his efforts have been in vain?
"No, Maple Tree Capital doesn't seem like that kind of people, but this investment direction might not be approved either."
Andy frowned, because he wasn't sure either.
"Let's first organize our investment direction, our specific advantages, and how to register the company, etc."
"We'll then consult with Maple Tree Capital to see if they're willing to invest."
"Even if Maple Capital leaves us, we won't fall too far behind."
In New York, there are many companies that sell junk stocks, not just the Investor Center.
However, rising to prominence is not so simple; sales experience and talent are the most important factors.
"Okay, then it's decided!"
In a factory on the banks of the Pearl River in Tianhe District, Guangzhou, the Motong Toys Factory is working at full speed to produce toys.
Wang Duoyu is inspecting this company, mainly to check whether the production is standardized.
Several companies, including Motong Toys Factory, have established factories in Guangzhou, far away from Harbin.
Since Wang Duoyu doesn't come to Guangzhou very often, it's normal that he neglects management.
After the inspection, nothing wrong was found.
As the head of the Motong Toys factory, Qiao Hanliang is undoubtedly a very qualified manager.
Although there are no factories of the same level in China, preventing Qiao Hanliang from learning management experience from toy factories, he is indeed a manager who is very good at learning.
After concluding his inspection, Wang Duoyu planned to return to Harbin. He had spent more than half a month in Guangzhou; it was time to go back.
On December 3rd, Wang Duoyu brought Liu Xiaoli and the others back to Harbin, where the temperature had dropped even further.
"I don't like you guys anymore, hmph!"
Back home, Wang Junhong was doing his homework in his bedroom when an excited smile appeared on his face. Then, as if remembering something, he immediately sat down with a long face.
He was furious that his parents had sent him back to their hometown in Harbin for over two weeks.
We can't forgive his parents so easily.
"Do you really not like us anymore?"
Wang Duoyu immediately laughed and said to Wang Jun'an and the other kids:
"Did you all hear that? Your eldest brother said he doesn't like us anymore, so we won't take him out to play anymore, okay?"
"it is good!"
The little ones responded in unison, and Wang Junhong immediately became anxious.
"No, you have to take me with you."
"So, do you still like us?"
"I like you guys for now, but you have to take me out to play!"
Haha!
Liu Xiaoli rolled her eyes at Wang Duoyu and said coquettishly:
"All you do is try to make the child happy. Let's see how you comfort him when he starts crying."
"That's easy! I brought back a gift, you know."
A remote-controlled drone—this was the gift Wang Duoyu gave to his eldest son.
To be honest, this gift was extremely extravagant; there was only one flying toy airplane in the entire world.
Yes, it's a toy airplane that Wang Duoyu made himself, because it can fly.
All the materials were produced by the Motong Toys Factory, while the batteries and motors were produced by Diaopai Company. As for the electronic control system, it was designed by Wang Duoyu himself.
"Really? There's really a gift?" Wang Junhong was overjoyed and jumped up and down, heading straight for the car at the door.
By this time, Mu Xiaowu and his group had already carried the gifts down.
The drone is not yet installed, so we cannot see its true form.
"Hey, big brother and second brother, come help us assemble this drone together."
With their father's instructions, the brothers Wang Junhong and Wang Junan immediately became very enthusiastic, as did the sisters Li Rongrong and Lu Yuening.
Only Wang Junkang, Li Shumin, and Lu Yuexin, the three little ones, stood aside and did not step forward to help.
It's not that they don't want to help, it's that they'll only make things worse.
Who can blame them when the eldest, Li Shumin, is barely two years old?
What can a two-year-old do?
Furthermore, even Wang Jun'an is still a month shy of four years old, making him a very young child.
However, he can understand some of what is being said and can help by handing over screws or something.
The best way to nurture children is to make them feel involved.
If it weren't for the fact that this drone needs to be powered on, and that it has various electronic control systems, motors, batteries, etc., Wang Duoyu wouldn't have done it himself.
This new drone is less of a toy and more of a latest experiment.
It was designed for aerial photography, observing wildlife and fish, transportation, and mini selfies; it is essentially a home-use drone.
Therefore, all the functions of this drone are stripped down.
For example, this applies to batteries and electronic control systems.
On the other hand, there are the display screen and remote control device.
Dolphin TV is a subsidiary of the Dolphin Group. In addition to producing Dolphin TVs, the company also manufactures computer monitors from Excellence Technology and Alienware computer displays from Walsin Technology.
The display screen used by the drone in Wang Duoyu's hand comes from Dolphin TV.
After spending half a day, with the help of a few kids, Wang Duoyu finally managed to assemble the drone.
"Alright, let's start the test. Everyone, please make way!"
Wang Duoyu told the kids to move aside, then said to Wang Junhong and the others:
"You need to keep an eye on the drone, and also pay attention to how I operate it. I'll teach you how to use the drone later, but you must listen carefully."
"Otherwise, if the drone crashes into a tree or falls into a lake, then we won't be able to play anymore."
The maximum altitude of this drone is 1,000 meters. If it exceeds this altitude, the system will display a warning.
At the same time, the drone's altitude can no longer be increased.
Amid the children's exclamations, the drone parked in the yard began to buzz, its propellers started spinning, and then it took off.
It was already past three in the afternoon, close to four, and evening was approaching.
In winter, it gets dark very quickly in the ice city.
By four o'clock, the sun was setting, and by almost five o'clock, it was already dark.
Therefore, even when the drone takes off, it is still clearly visible.
If the drone takes off at night, the camera resolution is not very good, and accidents are very likely to occur.
As the drone took off, the children's hearts raced with it.
"Dad, teach me quickly, I want to play!" Wang Junhong couldn't resist wanting to try operating the drone himself after watching for only a short while.
He will be seven years old soon, and he is already very sensible.
Moreover, he was very smart, so he believed he could control the drone and was naturally eager to try.
"Alright, alright, here you go. Let's see if you can handle it."
Seeing this, Wang Duoyu did not refuse. He told the child the key to operating the drone and then watched the little guy operate it.
"Are you really comfortable letting the kids play with this huge thing?"
Liu Xiaoli asked curiously from the side.
She wasn't blaming Wang Duoyu for favoring Wang Junhong, the eldest brother, but rather because the drone was too big; it wasn't an ordinary toy, but rather an advanced high-tech aircraft.
"What are you worried about?" Wang Duoyu said with a smile.
"I'll just keep an eye on things from the side. If all else fails, Xiao Wu and the others will help keep an eye on things. What's there to be afraid of?"
Mu Xiaowu and his team are both experts at operating drones, while Wang Duoyu is a researcher who develops drones. Therefore, with their help and protection, even if Wang Junhong, this seven-year-old kid, encounters any accidents during operation, they can be corrected in time.
There's absolutely no need to worry about hurting anyone.
This is a home-use drone. Although many of its technologies are stripped down, it's not so easy for it to be stranded or run into trouble.
"Yes, with you here, there's really nothing to worry about."
After nodding slightly, Liu Xiaoli frowned and said:
"But don't you need to take care of your own things? For the past two weeks, I haven't seen you spend much time on research."
As her husband, Liu Xiaoli knew a little about what Wang Duoyu did on a daily basis.
Although Liu Xiaoli generally doesn't concern herself with how Wang Duoyu arranges his work, she certainly won't interfere, because she's self-aware enough to know her place.
However, regardless of the circumstances, today's situation doesn't seem like Wang Duoyu's usual behavior; it's a bit strange.
"Hehe, I've just been busy with scientific research."
Wang Duoyu pointed to the remote control in the little guy's hand and said:
"This is the latest research product, which will be released next year. I'm just testing its performance right now, so you've been misled."
"Aren't drones classified military products? Selling them like this, aren't you afraid of being discovered?"
Seeing her curiosity, Wang Duoyu explained a few more words to her.
Drones are divided into military and civilian versions. Such a product should not be limited to the military field; it also has great potential for development in the civilian sector.
However, this thing is destined to be a high-end product, and ordinary people definitely can't afford it.
"Dad, I can fly a drone now!" Wang Junhong exclaimed excitedly.
His younger brother watched longingly from the side, also wanting to try it out.
The same applies to Li Rongrong and her other children.
Mu Xiaowu and his friends, who were not far away, were filled with envy. Wang Junhong was only seven years old, but he was already able to operate a drone.
Growing up in different families definitely leads to different treatment.
This is the difference.
The next day at noon, after Wang Junhong got home from school, he immediately threw his schoolbag on the sofa and went to operate the drone.
His birthday is in a few days. He had been thinking about what he wanted for his birthday present, but now, no birthday present can compare to this drone.
The little guy likes to play with drones, but Wang Duoyu doesn't interfere.
Once he finishes his homework, he can freely allocate his remaining time.
That morning, Wang Duoyu received a call from New York; it was O'Brien calling.
"Professor, it's like this..."
O'Brien reported on the profits from shorting the dollar; these positions had been completely liquidated, and Maple Capital had made a total profit of $1.389 billion.
The US dollar index has now fallen to 85, down from 165 in October last year. This shows how much the dollar has depreciated.
Maple Capital has profited handsomely from this round of dollar depreciation.
Wang Duoyu was not surprised when he heard this.
Because he knew exactly how much money Maple Capital had invested, he could easily calculate the profit.
In the financial field, there's a saying that finance is a numbers game.
But in reality, finance is not just a numbers game.
If it were just a simple numbers game, then mathematicians would be the cream of the crop in the financial industry, and no one else could make money there.
Finance is a complex system that involves finance, economics, monetary banking, securities investment, insurance, and other disciplines. Its core includes capital allocation, risk management, and promoting economic growth.
Of course, in essence, finance is a series of numbers games, but there are indeed many variables involved.
Wang Duoyu not only has a god-like perspective, but also possesses a super brain, which is why he is able to dominate the financial field and make a fortune several times in a row.
O'Brien couldn't fool Wang Duoyu, wouldn't dare to, and certainly wouldn't do something so self-destructive.
Because his respect and admiration for Wang Duoyu are deeply rooted in his heart.
If Maple Tree Capital's one or two major victories in the financial market could be attributed to luck, then its numerous successes are beyond the explanation of mere ability.
Before reporting the news to Wang Duoyu, O'Brien had also heard that the Quantum Fund had made a fortune from the recent depreciation of the US dollar.
However, the Quantum Fund suffered a major setback during the stock market crash in October, incurring heavy losses.
Even Wall Street tycoons like Buffett and Peter Lynch were forced to sell at a loss during this stock market crash.
Only a few investors, such as Ray Dalio of Bridgewater Associates, have made a profit.
Therefore, O'Brien could not, and would not, deceive Wang Duoyu.
"That concludes our overview of Maple Capital. However, there's something I'm not sure if I should report to you, Professor. One of our employees recently discovered a business opportunity."
Suddenly, O'Brien hesitantly mentioned something to Wang Duoyu: the junk stock agency that the analyst Andy Slick had mentioned to him.
On Wall Street, any product that can generate profit can be bought and sold freely.
As for selling those junk stocks to low-income people like repairmen, isn't that going too far?
After all, those repairmen and other low-income people already have a miserable life, and Wall Street is still targeting them.
That's a bit too much.
But O'Brien had spent a long time on Wall Street and knew its rules well.
Money is the only thing that gives you status on Wall Street; otherwise, everything else is meaningless.
Maple Capital currently relies entirely on investment profits. On the contrary, the business of selling junk stocks to earn commissions is not very profitable, but it is relatively stable.
Therefore, even if it's just selling junk stocks to earn commissions, and the investment isn't very high, as the head of Maple Capital, he should have been able to make the decision.
It's worth noting that expanding Maple Capital's business was also part of O'Brien's job.
However, after careful consideration, he still reported the matter to Wang Duoyu.
After hearing this, the latter was stunned and stood there dumbfounded.
He could hardly believe his ears. Jordan Belfort? A junk stock?
When these two phrases came to his ears, Wang Duoyu immediately thought of The Wolf of Wall Street.
Most importantly, this is the real-life version, not the movie version.
In the original timeline, the movie "The Wolf of Wall Street" was indeed adapted from a true historical story.
However, the actual situation differs somewhat from the movie.
It's not that the movie was too exaggerated; rather, it was a bit too conservative.
Of course, some of Jordan's early experiences were indeed similar to those depicted in the movie, but his subsequent developments were not so conservative.
The reality on Wall Street is far more complex and bizarre than depicted in movies.
After a pause of about three or four seconds, Wang Duoyu finally spoke:
Do you think we should invest in this project?
Instead of agreeing immediately, he threw the question back at the other party.
O'Brien's mind raced. He was the executor of Wang Duoyu's orders and didn't usually need to make decisions, but that didn't mean he wasn't smart.
Conversely, if he weren't intelligent, he wouldn't have been able to become the head of Maple Capital, let alone stay in that position for so long.
So O'Brien thought quickly, and after less than a second of hesitation, he spoke:
"Professor, this is what I think: on Wall Street, we're too clean; we're bound to leave some traces for others to discover."
Simply put, Maple Capital is too clean on Wall Street now.
Previously, the New York District Attorney had investigated Maple Capital, examining relevant financial statements, but found nothing amiss.
Wall Street giants like Goldman Sachs, Quantum Fund, Berkshire Hathaway, and First Citibank all have their share of problems.
These companies are integrated into the intricate network of relationships on Wall Street.
Maple Capital, on the other hand, is like an outsider. Despite having been established on Wall Street for several years, it has managed to remain untainted by the mud and pure, pure and untainted.
That's a bit too innocent.
Unsociable!
After listening, Wang Duoyu laughed and said:
"So do you think Maple Capital should go along with them?"
"Don't you know that on Wall Street, besides Maple Capital, which operates independently, there are many other very different companies?"
"There's absolutely no need to follow the crowd and collude with firms like Goldman Sachs."
"We are who we are. We can do business with companies like Goldman Sachs, but we don't want to become them."
"While we'd be better off making money this way, if something goes wrong, we might end up as scapegoats."
Capital can turn its back on you in an instant, and it doesn't care about sentimentality.
Back then, Morgan Bank was powerful enough, wasn't it?
But it wasn't until it was merged with multiple companies that Morgan Stanley was forced to break up.
The term "trust" is not so simple.
The mere mention of the word "trust" was enough to force the Rockefeller and Morgan families, among others, to be broken up.
That's how the Anti-Monopoly Law came about.
Moreover, Maple Capital is unlikely to grow into a major player on Wall Street; it can only be a small company, or at best a slightly overweight big fish.
But it could never become a deep-sea behemoth.
Simply because Wall Street today simply cannot accommodate such giants.
"I understand, Professor. Then we won't invest."
Upon hearing this, O'Brien nodded and said...
However, Wang Duoyu on the other end of the phone suddenly changed his tune, saying:
"No, we will invest, but we want to do it in a different way!"
If Wang Duoyu were to turn away this Wall Street wolf that had delivered itself to his doorstep, it would truly be a waste of talent.
Despite the fact that Stratton Oakmont Securities, founded by Jordan Belfort and his associates, used fraudulent methods to sell junk stocks.
The profits are mediocre, but it acts like a troublemaker, attracting the attention of many Wall Street giants.
Moreover, this company is currently profiting from the poor, but it will soon be profiting from the rich.
With such a troublemaker around, Maple Capital and many other companies can also have their attention diverted.
It wouldn't attract as much attention as companies like Goldman Sachs.
O'Brien froze on the spot, thinking he had misheard, so he quickly asked again:
"Professor, should we invest in this company?"
"Correct!"
After receiving confirmation again, O'Brien was utterly astonished and blurted out:
"why?"
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Chapter 169 4 hours ago -
Going to work? Even a dog wouldn't go!
Chapter 106 4 hours ago -
The deepest affection in Gu Long's world
Chapter 213 4 hours ago -
I have an endless army of warriors, rampaging across the heavens.
Chapter 167 4 hours ago -
Mystery: The Last Shepherd
Chapter 528 4 hours ago -
Cyberpunk: Starting in 2071
Chapter 131 4 hours ago -
Tennis: He's so obedient!
Chapter 221 4 hours ago -
Douluo Continent: The Eternal Dawn
Chapter 151 4 hours ago -
Three Kingdoms: I, Yuan Shu, Loyal Officials of the Han Dynasty
Chapter 363 4 hours ago