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

No one expected that the US real estate market, which had been booming for more than five years, would finally crash down from its peak.

However, the bankruptcy of New Century Financial Corporation and American Housing Mortgage Investment Company last year did not deter those greedy giants.

For example, even though the stock price of Lehman Brothers has plummeted to an appalling level, executives like Warren Anderson and Richard Fuld are not completely despondent.

Sitting in the company's top-floor conference room, Warren Anderson's face was ashen, and his mood had sunk to the bottom.

The sudden and violent plunge in Lehman Brothers' stock price caught him off guard.

He had already arranged for his stock traders to liquidate all his Lehman Brothers shares, but before he could do so, the stock price plummeted.

As a senior executive of the company, he never expected such a significant stock price fluctuation.

That's horrible!
Among the other executives in the meeting room, one looked sad but had a slight upturn at the corner of his mouth, indicating that he had definitely traded his shares and didn't need to worry about them depreciating.

Others, like Warren Anderson, failed to successfully liquidate their holdings and escape, making their situation truly tragic.

Of course, there was also Richard Fuld, a CEO with superb acting skills, who sold his shares early on and even arranged for stock traders to short Lehman Brothers.

Richard made a fortune from this sudden stock price plunge.

But I kind of regret not investing more money in short selling before.

dong dong!

Just then, there was a knock on the conference room door, and soon someone pushed the door open from the outside.

It was Warren Anderson's assistant who came in and immediately reported that Freddie Mac had just held a press conference, stating that their company's financial situation was good and that their capital was 15% higher than the minimum required by the Federal Housing Enterprise Oversight Office.

Upon hearing this, Anderson immediately began searching on his laptop.

Before long, he saw that Freddie Mac's stock price had stopped falling, but it did not rebound.

Judging from the current situation, Freddie Mac has also suffered significant losses, but at least its stock price has been preserved.

However, Lehman Brothers was caught in a storm of plummeting stock prices, and if things went wrong, it could lead to serious problems.

"Pshaw, from a technical standpoint, Freddie Mac is on the verge of bankruptcy."

Beside him, a senior vice president suddenly scoffed, “Gentlemen, if Freddie Mac goes bankrupt, the bonds it guarantees will depreciate significantly, causing severe damage to investors and financial institutions holding these bonds. So let’s save ourselves!”

Based on the current situation, Freddie Mac's bankruptcy is a foregone conclusion.

If bankruptcy occurs, mortgage rates will soar, further damaging an already extremely weak market.

This would mean the arrival of an extraordinary financial storm.

Warren Anderson and the others turned pale, and no one uttered a sound.

Because nobody's a fool. While Freddie Mac's press conference may have seemed to reassure ordinary merchants, the underlying intentions of these Wall Street wolves were all too obvious to them.

So everyone saw through it immediately.

It is precisely because we see through it that we feel fear.

Especially Warren Anderson and other executives who hadn't yet sold off their Lehman Brothers stock were soaked in sweat.

Fear of the future, shrinking funds, and dissatisfaction with the status quo.

Just then, several vice presidents pointed out the floor-to-ceiling window, opened their mouths, and remained silent for a long time.

Someone jumped off a building!
The meeting room where Warren Anderson and his team were located was on a high floor of a building, surrounded by huge floor-to-ceiling windows that offered a clear view of the stunning Manhattan skyline.

A figure descends from the sky through a floor-to-ceiling window offering an unobstructed view.

And just as the executives were pointing, someone was jumping off a building across the street from the other side of the building.

Damn it!
Although it's not uncommon for people to jump off buildings on Wall Street, even locking the top floor of a building can't stop people from lining up to go to the rooftop.

People who court death always find a way.

The meeting can't go on. Judging from the current situation, it might involve employees of Lehman Brothers.

Ugh!
Harbin Institute of Technology, living room of Wang Duoyu's home on the lake island.

Zheng Baoyin opened the news page of Facebook's US edition and clicked on a video about people lining up to jump off buildings on Wall Street.

These videos were taken by bystanders using Huachen phones. They are not very clear, but you can still see that someone did jump off a building.

Even the puddle of snowmelt on the street after it fell from the sky.

"This is something that happens on Wall Street every now and then."

Bai Doufu covered her eyes, somewhat afraid to look.

Wang Duoyu sat to the side without saying a word, as if Zheng Baoyin hadn't been summoned by him.

The latter is still explaining the science behind white tofu:
"You think making money is about buying stocks low and selling them high, easily profiting from the price difference. But you haven't considered why you only see others' successes and not their losses, tears, and bloodshed."

"White Tofu, don't be fooled by the glamorous exterior of Wall Street, where people appear to be elegant and refined gentlemen. But did you know that those who jump from the top of these buildings are actually being instigated by these very same men in suits that you perceive as gentlemen?"

So-called gentlemen are nothing but thugs in suits, ruthless executioners!

While the reason these people lined up to jump wasn't entirely due to the financial giants themselves, their excessive greed and distorted mentality of wanting to get rich overnight were also major factors in their decision.

As long as you are not greedy, you won't end up in complete defeat.

Fifteen-year-old Bai Doufu didn't quite understand these principles; she didn't have such profound insights into life, so of course she didn't really understand.

After being startled by her cousin Zheng Baoyin, her face turned a little pale, clearly showing some fear.

But that doesn't mean she was really scared.

Because she has always been quite bold and has a pretty good mentality, but now she is frightened by what she just saw.

Liu Xiaoli suddenly spoke up:

"White Tofu, you spent the day studying with your second brother. How was it?"

"Making money is easy!" said Bai Doufu.
"My second brother makes money so easily; he earned over a billion dollars last night."

On the other side of the sofa, Wang Junan suddenly spoke:

"That's unrealized profit, not actual profit. Fifth Brother, you still have a lot to learn."

Next came the financial education course, and Wang Ruoxi, Wang Junxian, Wang Sixin, and all the other children were called in to attend. It didn't matter whether the children could understand it or not; the main thing was for them to listen.

After a class, it was already past nine o'clock in the evening. The US stock market had already opened, and Bai Doufu immediately took out his computer to check the situation of the US stock market.

Her account was all green, the color of profit.

In the A-share market, profits are shown in red, and losses in green, while in the US stock market, it's the opposite.

This means that all of her holdings are rising.

"Great!"

Bai Doufu was overjoyed and showed the tablet to her older sister: "Sis, look, I made money, haha~"

Wang Yifei glanced at it, then pouted and said:

"All you do is show off. What's so great about this little bit of money?"

"Sis, look carefully, this is twenty million, and it's in US dollars, not RMB!" Bai Doufu explained, her eyes wide, her face full of impatience.

She desperately needed recognition, but unfortunately, she chose the wrong person to show off to.

Her sister impatiently pushed her away, and when she realized she couldn't get rid of this persistent pest, she silently took out her phone and opened one of the apps.

This is a stock trading software.

The account holdings information on the phone screen made Bai Doufu's eyes widen in disbelief.

"No, sis, how could you have so much money? This is impossible, absolutely impossible!"

Her eldest sister's account had unrealized profits exceeding one billion US dollars, and her total holdings exceeded three billion US dollars.

To be honest, Wang Duoyu's children are all incredibly wealthy.

This is quite normal, because he himself is already very wealthy. If he loosens his belt a little, Wang Yifei and the others will have plenty of money.

Moreover, Want Want Group's annual profits exceed 500 billion US dollars, and its relatives and friends such as Zheng Baoyin, Wang Jianchao, and Wang Meili, as well as Want Want Group executives, have all made a fortune.

For example, Hela O'Brien joined Yuma Apparel in 1982 and became the head of Maple Capital in 1985.

To date, O'Brien's personal assets have long exceeded one hundred billion US dollars—yes, assets, not cash.

Back then, O'Brien was just an ordinary office worker. Although his family was relatively well-off, they were barely middle class, far from the wealthy class, let alone the super-rich he is now.

With assets of one hundred billion US dollars, one would rank among the top in the United States, a country teeming with the wealthy.

Every year, O'Brien receives dividends ranging from tens to hundreds of billions of dollars from the Want Want Group. The exact amount depends on his individual shareholding.

Yes, the Want Want Group is no longer a company solely owned by Wang Duoyu. As a multinational giant, especially with Wang Duoyu hardly involved in day-to-day management, executives like Zheng Baoyin, O'Brien, and Wang Jianchao are the real core.

Therefore, most of these executives hold a few percent of the shares.

Don't underestimate just a few percent. Based on Want Want Group's annual profit of over 700 billion US dollars last year, even a one percent stake would yield over 7 billion US dollars in dividends.

With these executives around, Wang Yifei and her colleagues are able to receive a lot of red envelopes every Spring Festival.

So over the years, Wang Yifei and her friends have indeed amassed a considerable personal fortune.

Of course, the reason why Wang Yifei has such a large savings account is mostly due to her own hard work in previous years, as well as the investment advice given by her father. Otherwise, she would not have been able to earn this money.

Wang Yifei took her phone back, rolled her eyes at her sister, and said:
"What do you mean it's impossible? Haven't you already seen it? If you don't work hard, how can you possibly make money? Do you really think you can get something for nothing?"

"Stop showing off. If you ask me, you should learn from your second brother. Maybe you can earn a hundred or two hundred million dollars this summer."

"If you can do that, you'll be even better than I was at fifteen."

She had already released an album when she was fifteen, but releasing albums didn't earn her much money; in two or three years, it certainly wouldn't have added up to two hundred million US dollars.

So if Bai Doufu is down-to-earth, she might actually surpass her older sister.

Upon hearing this, Bai Doufu disregarded her grievances and asked expectantly, "Is it really possible to earn that much money?"

"Just be serious. If you're not serious, everything you say will be a lie!"

Wang Junan came out of the bedroom. "Fifth brother, are you coming to work with me tonight?"

"Okay, second brother, I'll stay up all night with you tonight!"

Trading US stocks definitely requires staying up late, since you're watching the US market.

The reason he didn't go to the US to trade stocks was because he didn't want to be separated from his wife and children.

Dai Junzhu had a child in mid-2007, named Wang Shuyi, a daughter.

Before the Qingming Festival this year, Dai Junzhu became pregnant again, which forced Wang Junan, who had already gone to the United States, to return.

Because he was genuinely worried about the child.

Although he didn't necessarily need to have a son, his mother kept urging him, and Dai Junzhu also hoped to have a child.

In fact, Dai Junzhu didn't know exactly how much money the Wang family had, but just the money that Wang Junan himself could control was enough to make Dai Junzhu want to have a son.

After all, if it's just a daughter, she definitely won't be able to inherit Wang Jun'an's family fortune.

On the other hand, the Wang family has always believed in the blessing of having many children. With such a tradition, both Dai Junzhu and Wang Junan would certainly hope to have a son.

Over the next few days, the volatile stock market in the United States kept Wang Junan very busy.

That evening, the family sat down for dinner together, and Wang Junan mentioned the Freddie Mac press conference and the fact that the stock price had stopped falling.

Upon hearing this, Wang Duoyu shook his head and said:

"It's just self-deception. Don't worry about it. Just proceed with the plan I made before. Whether it's Fannie Mae or Freddie Mac, the U.S. Treasury will eventually take over. But Lehman Brothers will definitely end up like New Century Financial Corporation."

hiss!
After taking a sharp breath, Wang Yifei suddenly interjected:

"Brother Big Fish, what if Morgan Stanley, Citigroup, and other investment banks also run into trouble? Should we short these companies?"

Bai Doufu, Wang Junxian, and the others all stared expectantly at their father, and even Wang Ruoxi looked at him:
"Grandpa, can we invest in this?"

Wang Ruoxi was born in June 2002, just before Wang Yifei took the college entrance examination, so she is already six years old this year and very sensible. (End of this chapter)