Reborn in America, I am a legendary short seller on Wall Street.

Chapter 194 Taking Stock of Assets
In the afternoon, Larry returned to his apartment in the Back Bay area.

Mr. Dunbar had not been notified in the morning, so he went directly to Larry's apartment in Back Bay and found that Larry had already left and was spending his time at the inn looking after the two horses.

When Larry met Dunbar, he was walking two horses in an open area on the coastline to help them recover from yesterday's long journey.

Larry greeted him and said that he was free today, Mr. Dunbar, and that he could arrange his own time and come back tomorrow morning.

Back in his apartment, Larry asked Carmel, the maid, about Matthew's whereabouts and learned that he had headed to Concord that morning and might not be back until Thursday or Friday.

Larry contacted Matthew mainly to inquire about the cash register project. Larry had previously told him to apply for a patent, but he didn't know how it was going.

Back in his apartment, Larry took out a notebook and made a comprehensive inventory of all his current assets and projects.

Regarding stock accounts:

Larry has $35.34 in remaining assets at Reading, which is the remaining $100 million he transferred after shorting Colt.

Larry was somewhat surprised when he checked his Paine Weber Securities account this morning, as the assets had far exceeded his previous impression.

First, the 2 shares of New England Railroad stock have been sold and cashed out, with an average transaction price of $51.25, for a total of $102.5 million.

Larry was a little stunned when he saw the number this morning, and unconsciously thought of Henry Goldman of Goldman Sachs.

If Goldman Sachs had held onto those shares instead of transferring them to him, the people at Goldman Sachs could have made a fortune. Even though they might have sold them when the stock price was low last week, the profit would certainly have been far more than the $3.3 they would have made as real estate brokers.

The project initially invested $25, with new shares purchased at $12.5 each. Subtracting costs from total profits, the project earned a whopping $77.5 in just a few weeks.

Of course, a handling fee of $1.02 will be deducted, but you will get back $6120 in commission rebates.

In addition, there are 8000 original shares of General Electric in the account. Because they are original shares issued in the initial public offering, the shares do not have a traditional share price, but only a par value.

The new General Electric shares have a par value of $50 each, so the total cost is $40. Of course, this should be reduced by the $1000 fee for subscribing to new shares.

Larry guessed that Mr. Porter had subscribed to the maximum amount he could, because even under the corporate bond subscription eligibility system, there is a limit to the number of shares one can obtain.

In addition, the bonds used to obtain the subscription qualification have been sold and returned to the account, totaling $10, with negligible interest earned.

If we include the original $2.0987 in the account, the $11 that Mr. Porter repaid to Larry for the house purchase, and then subtract $1.02 and $0.1 in fees, the account currently actually holds:
8000 shares of General Electric stock, and remaining funds of $84.48.

This doesn't even include the $6120 commission that should be returned.

Regarding bank accounts:

Larry owns $40 worth of gold coins at Morgan Trust Bank, which are currently stored in the bank's underground vault.
The initial account balance at National City Bank in New York was $103.68, which included the original $100 million, bonuses, and commission rebates.

$25 was spent on buying railroad stocks, $4.7 was spent repaying the 20% Ford stock that Mr. Wallace had advanced, and $1.25 was spent on referral commissions to Mr. Coster;
He issued a $35 bank draft to buy the Fifth Avenue property and shops, and also withdrew $3 in cash.

After paying Goldman Sachs commission, Larry only had a little over $100 left in his wallet, so he withdrew another $1000. Now his bank balance is only $34.63.

Regarding the company and equity:
$30 was deposited into the account of New England United Capital, $10 was allocated to Southport Industrial Fund, and $6 was transferred to Colt Firearms. Now there is $14 left.
$15 was deposited into Freeport Cornerstone Holdings' account, $1 was allocated to the convenience store project, and $7000 was allocated to the milk tea shop project, leaving $13.3 remaining.
Regarding equity:

New England Associates indirectly controls 25% of Ford Motor Company and directly controls 49% of Browning Brothers Firearms Company.

Freeport Cornerstone Holdings directly controls 50% of the shares of Atlantic Retail Alliance, the parent company of the convenience store project, and 35% of the shares of Golden Fire BBQ & Tea, the parent company of the milk tea restaurant.

In addition, he also holds a 20% equity holding agreement signed by Henry Ford, which will be converted into a 20% equity stake in Ford Motor Company two years later.

Regarding real estate:
Larry owns a four-story property on Fifth Avenue in Midtown Manhattan, near the Waldorf Astoria Hotel, and five street-front shops.

Now, with the Ford stock ownership agreement and property deeds in his small briefcase, Larry returned to his apartment and immediately put them in his safe.

In theory, Larry also owns 83 acres of land in Holliston, but that has been given to his parents and is therefore not counted as part of his assets.

Cash:

There was also $2.5 in cash in the safe.

He only had a little over $800 left in his pocket, which was negligible.

There are also gold coins worth $130.

Other special items included the Colt gold-cased pocket watch he was wearing, Mr. J.P. Morgan's 18K gold business card, a Colt pistol, and a prototype gun given to him by John Browning.

Oh, right, there were also two copies of "The Great Madness," three small jars of American ginseng, the bicycle whose whereabouts are now unknown, and the Morgan horse named Biscuit at the inn.

Larry tallied up all his current assets and cash, and he was somewhat surprised himself.

Have I unknowingly amassed so much capital, equity, and real estate?
Putting aside everything else, the funds in just the two securities company accounts amounted to $119.8 million; and the bank deposits totaled $74.6.

That's nearly two million dollars!
Larry was secretly excited as he calculated this, but since he had tallied it up item by item himself, he wasn't particularly surprised.

That's why some people say that the joy of gaining something is far less likely to be etched in our hearts than the pain of losing it.

Then, considering that Mr. James Keane went from being unknown to earning $900 million in two years, an achievement he made more than a decade ago, Larry felt that his own achievements were nothing to be proud of!
I still need to learn more from my seniors, and I need to work harder. Moreover, the smoother things go, the more careful I need to be to avoid falling...

Larry displayed the humility and prudence characteristic of his Chinese past life, offering himself a slight encouragement.

He reminded himself once again to always remember Mr. Potter's instructions—to remain discreet, not to stand out, to share the profits with superiors, and to hide from subordinates.

Build high walls and store up plenty of grain. When you're under too much scrutiny, you should try to stage a "fake bankruptcy" to expose your weaknesses.

Only in this way can we protect this wealth!
(End of this chapter)