My absurd experiences in North America over the years

In early September, the summer heat lingered in New York. Pedestrians on Fifth Avenue walked with a lighter pace than in the height of summer. Perhaps the aftershocks of the financial crisis were fading from the recovering New York, and they were all rushing to welcome the arrival of autumn.

The morning after Li Fu returned to New York, Lina called him right on time.

In the video, she is sitting at her desk with a cup of cold coffee next to her and several spread-out transaction records.

Her expression was more composed than ever before.

For the past month, Li Fu has been busy with the acquisition of shares in Forum Newspaper and a major reshuffle of management. The fund is temporarily being managed by Lina.

After this period of trials, she has indeed been tempered. Her current composure is not a sign of complacency, but a natural confidence that has arisen after a long period of verification. She is certain that the future of the foundation will far exceed everyone's expectations.

We are also confident in Forrest Capital's bright future.

"Mr. Li, I've compiled last week's position data," she said, flipping to the top document. "In terms of foreign exchange, unrealized profits remain stable at around $55 billion. The position structure in the Euro, Australian Dollar, and Japanese Yen remains healthy, without triggering any alerts requiring adjustments..."

(The previous text has been revised; the figure of 2 billion previously omitted the one-sided trend in the foreign exchange market during July and August.)

Aside from major foreign exchange transactions, gold has stabilized above $1000, currently showing a floating profit of approximately $1.8 million. In the US stock market, Apple and Nvidia have performed the best, with the four stocks showing a combined floating profit of approximately $2.5 million.

Even the most inconspicuous clean energy sector has a floating profit of 2000 million.

All together, the total unrealized profit is approximately $60 billion.

This is the largest profit Li Fu has ever made; the $60 billion in 2009 is far more valuable than it would be more than a decade later.

At that time, the world's richest person was worth about 560 billion, not yet the era when wealth would easily balloon to two or three thousand.

Putting aside other things, the Forrest family's private hospital group is currently valued at just over three billion, which is the entire family's wealth.

In this day and age, a net worth of over $1 million is definitely considered extremely wealthy, anywhere in the world.

A joint fund that raised one billion yuan grew its total equity to nearly seven billion yuan in just five months, from April to September.

Such a myth of rapid short-term growth has never been truly achieved by anyone other than "speculators" who shorted dollar assets during economic crises, exacerbating the crisis.

Of course, perhaps a behemoth like Soros should be excluded.

Because they use the dollar's hegemony to launch "wars of annihilation," their ruthlessness and cruelty are such that they do not even spare Great Britain, which is geographically close to the United States.

Their opponents were not retail investors or institutions, but the British Treasury and the Bank of England. At the time, Great Britain used $270 billion of its foreign exchange reserves to rescue the market, but it was defeated in one fell swoop by the global short sellers led by Soros.

The fact that one person forced the central bank of one of the five permanent members of the UN Security Council to step down is a highly symbolic and miraculous event in financial history.

Apart from that, it seems that no one is more impactful than Li Fu's current trading performance, and in terms of profitability alone, no one can match him.

"Is there still room to add to the Australian dollar position?" Li Fu asked, then quickly changed his question, fearing Lina might misunderstand. "Can the current market conditions support a larger one-sided opening?"

Lina had clearly considered this issue. "The average daily trading volume of the Australian dollar is currently around US$120 billion, and our nominal exposure is about US$30 billion, accounting for about 30% of the daily trading volume..."

With a leverage ratio of 400, this size is too large and would easily attract scrutiny from regulatory agencies.

If they want to continue adding to their positions, there may not be any institutions that can absorb their orders. Of course, adding to their positions is not impossible, but it needs to be broken down into smaller parts and the position building period needs to be extended. Otherwise, the price will be pushed up by them.

In this case, the cost of establishing a position may not be worthwhile.

The Australian dollar, as a commodity currency, still has a much smaller trading volume compared to the mainstream euro.

"Then let's stop adding to our position and continue holding our existing positions," Li Fu said, believing that the current profits had already exceeded expectations.

They have increased their positions in the Australian dollar twice in the past five months. It is rare for a one-sided market to offer such a deep pullback opportunity, and luck played a part.

Out of caution, Lina only dared to add 5% of the total unrealized profit to her position at that time.

It can only be said that the great Eastern power is still too powerful. The huge demand for steel due to the four trillion yuan infrastructure project has directly and continuously driven up the price of iron ore, and the Australian dollar has thus benefited, experiencing a continuous one-sided upward trend.

The unrealized profit from Australian dollar positions alone has reached a staggering $37 billion.

Lina shared the same idea. Now, any position on the Australian dollar will be monitored and alerted by a third party, so not adding to the position is the best option after comprehensive consideration.

After hanging up the video call, Li Fu leaned back in his chair, his gaze fixed on the Manhattan skyline bathed in the morning light outside the window.

He knew what six billion in unrealized gains meant; it wasn't just a number, but a wall that had already been erected.

On the other side of the wall, those who had been watching from the sidelines, those who had been doubting, and those who had been secretly waiting for him to make a mistake, now had to recalculate their positions.

If the enemy saw such a massive scale, they would probably have to think twice.

Currently, apart from orders from Washington, nothing poses a real threat to him.

Of course, they might also be even more envious, wishing they could devour her.

In the following days, after the joint fund's quarterly report was released to the LPs, various messages began to come to his desk in different ways.

Bloomberg’s office was the first to send a brief greeting, polite yet warm in its wording.

In his letter, the mayor congratulated the foundation on its achievements, striking a perfect balance between his words and his words, expressing his closeness without being overly enthusiastic.

Li Fu had Thompson reply with a similarly tactful email, expressing his gratitude and mentioning the progress of their major project with CP Group.

There was no direct news from Murdoch's side, but News Corp's financial channel mentioned in a three-minute commentary during its Friday noon program that "a certain macro fund established this spring has become the most eye-catching name in the entire financial industry in 2009."

The host concluded by saying that the fund's operator has repeatedly proven that he is not just a flash in the pan.

Jon Huntsman's response was more personal.

His Chinese is excellent, and as the current ambassador to the East, he spoke directly with Li Fu on the phone: "Li, I've read the fund's quarterly report. You've done a great job; the allocation to clean energy aligns perfectly with the direction I've recently mentioned in public..."

The two engaged in a lengthy exchange on trade and culture between the great Eastern power and the United States.

They had a good foundation in their personal friendship.

Drucken Miller made no comment, but Li Fu heard from JPMorgan Chase that when he was asked at a private gathering about his views on the United Fund, he attributed it to a great victory by mysterious forces.

From a professional perspective, he believed that Li Fu's trading strategy was impossible to replicate, as it was far too bold and precise.

As a key participant and deputy commander in the Soros Quantum Fund's "London campaign," he simply couldn't think about this matter too rationally.

From a rational perspective, this is... far too surreal.

Larry Fink was equally shocked by the quarterly report. He conveyed a message through Jackson: "If Li Fu has any new fund plans in the future, BlackRock is willing to consider making additional investments."

As the first week of September drew to a close, Li closed his computer and marked the evening of September 13th on his calendar for the MTV Video Music Awards ceremony.

He needs to arrive in Los Angeles a day early to go over the schedule with Taylor Swift's team before the red carpet event.

As a true "capital," he doesn't really want to appear in the spotlight on the red carpet; he no longer needs any external fame.