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Free Web Novel,Novel online - All in oicq.net -> Romance -> dream era Text Chapter 1314 Counter-persuasion
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- "Forget it, I'm not familiar with this and don't want to participate." After a pause, Xiao Qi gave a firm reply.
"Hey, Mr. Qi, don't you still believe me?" Tong Wencong was stunned, patted his chest and said, "Although this business is not as good as subordinated debt, the profit will definitely be at least 100% in two or three years. The more you buy, the more you earn!¡±
yes!
The more you buy, the more you earn.
Then the more you make, the faster you die!
Xiao Qi cursed, with a sad look on his face: "Old Tong, I can't do this. To be honest with you, after I took out the subordinated debt, I felt that the money I earned was a bit hot. God knows whether those banks will Are they going to trouble me? If they join in the gambling of national debt, I¡¯m afraid my little body won¡¯t be able to handle it!¡±
Tong Wencong was stunned. He didn't know that this was the reason for Xiao Qi's refusal.
Timid?
Go ahead and lie to ghosts!
When we first got the subprime debt, who was so evil as to deceive those banks?
You knew about the outbreak of subprime debt in advance than many people!
A total of US$2 billion was invested in subprime debt, but in the end it was possible to earn US$15 billion. How dare you say you are afraid? If you're afraid, don't try to trick people!
But it was obvious that Xiao Qi refused very simply this time, proving that he really did not want to join.
Tong Wencong and several other fund managers made a lot of money on subprime debt, so a group of people gathered together and discussed some harmful tricks, and finally found a way to make a fortune in CDS insurance.
It¡¯s just that the national debt CDS of European countries are too many. If you really want to get these CDS policies from several major investment banks, you will need a lot of money, at least 20 to 30 billion US dollars.
Don¡¯t look at the amount of each of these fund companies, which is in the billions. There are even tens of billions.
But a lot of their money is spent on various products, and the total amount they can actually use at any time is less than 10 billion US dollars.
So, Tong Wencong thought of Xiao Qi, a super rich man, so he came to ask him whether he would participate. Firstly, it would reduce financial pressure, and secondly, it would also diversify risks-the most important thing for fund managers. In fact, it¡¯s not about making money, but trying not to lose money! As long as you can make money, don't jump into it just to make money. Then I didn¡¯t even have any pants left!
"So Qishao, can you lend me some money?" After much deliberation, Tong Wencong asked: "I will use my investment in the subordinated debt we cooperate with as collateral, and you will lend me US$500 million!"
He followed Xiao Qi and invested tens of millions of dollars in it. In the end, I can earn almost 500-600 million. It makes sense to use this as collateral for Xiao Qi.
Xiao Qi looked at him and began to hesitate.
?????????? Lao Tong is actually a very good person, he does things properly, and he is not a very evil person in nature. At least he is good to his partners, unlike some fund managers who specialize in cheating their partners.
Do you want to give him a hand?
??Involved in cds policy. We are not facing just banks and financial institutions, but directly facing each country.
After the incident was revealed. Even an investment bank as powerful as Goldman Sachs is in a state of ecstasy. Several fund companies are just serving food.
It's just that in history, Goldman Sachs was also unlucky. Not all of these CDS orders were sold in the end - not many people are idiots. If you think about it for a moment, you will know the huge dangers involved. Making money is good, but just to make money directly If you pay for it yourself, that would be bad.
While thinking, the young man slowly spoke, "Old Tong, I will not lend you money."
"Qi ShaoI"
"Listen to me." Xiao Qi stopped Tong Wencong's anxiety, "I think you can't make enough money. The risk of doing this is very high. As a friend, I don't think you should go into troubled waters I ask you If you can answer these two simple questions and are still willing to invest, then I have nothing to say.¡±
"Master Qi, please speak." Tong Wencong nodded and calmed down his anxiety.
"First, this CDS policy is so profitable, why are Goldman Sachs and Merrill Lynch so eager to take action?"
"These investment banks put stability first. The future is unpredictable. Those sovereign debts may still be able to repay. They have already made a lot of money on the handling fees and planning fees of this CDS. The money was sold at a 30% to 50% discount. Not only did they not lose money, they also made some profits. They thought this was enough.¡±
"Do you believe this?" Xiao Qi smiled, "Even you all know that this CDS will definitely make money. Those countries in Greece have no ability to repay their debts. Wouldn't Goldman Sachs know? When Goldman Sachs was playing with these financial derivatives, you were still in kindergarten. ?Right? "
Tong Wencong¡¯s expression changed and he laughed awkwardly: ¡°Qi Shao, what¡¯s the second question?¡±
"Quantum Fund, Renaissance Technology, Icahn Capital, SAC Capital Advisors" Xiao Qi read out the names of seven or eight hedge fund companies in one breath, "Have they joined you and your friends?"
"No."
Tong Wencong's face was a little ugly, "But Qi Shao, just because they don't participate doesn't mean it's a bad business. We have confidence!"
"Old Tong, Old Tong!" Xiao Qi was still laughing: "Whether business is good or not depends entirely on money! Are you short of money now? Why don't you have a good reputation and make money openly in the future? You don't want to be on the board of directors openly? Forbes¡¯ list of fund managers¡¯ income? Do you want your children to live under heavy pressure all day long?¡±
"I¡¡"
Tong Wencong's expression softened.
Children are the greatest weakness of parents, whether in the East or the West.
The joke on TV that parents will completely ignore Westerners when they grow up can only be used to deceive children.
At least in the United States, when a man and a woman get married, as long as conditions permit, the parents are required to buy an apartment for their son and daughter-in-law. If not, they have to pay a down payment; the same is true for the woman, who usually bears all the expenses of the wedding, and in the end The only difference is to buy diamond rings and jewelry Think about it, what is the difference between this and our country?
¡°You insist on taking those extremely poor families as the main phenomenon in the United States, then why don¡¯t you say that many young people from mountain villages in China get married, but they end up with nothing?
There is no parent who doesn¡¯t want their children to live in the sun.
Tong Wencong thinks that he is thick-skinned and can withstand the curses of others.
But he doesn¡¯t think that his children can have strong psychological qualities of their own. It¡¯s hard to live a life of being scolded and criticized by newspapers every day.
When Xiao Qi said this, he hit his weak spot.
Besides, what Xiao Qi said in other aspects is also very reasonable!
He was just in the game before, so he didn¡¯t think about it carefully.
"Then you won't participate?" After a long time, he asked in a hoarse voice.
"Of course I won't participate! Don't think about it if you don't deserve your money!" Xiao Qi said sternly, "Don't worry, Old Tong! As long as I'm here, you will have more business than you can finish!"
"Okay! I won't interfere!"
After a moment, Tong Wencong nodded with difficulty and finally made a decision.
Xiao Qi is not an ordinary person.
From several clever combination sales of subordinated debt, Tong Wencong knew how terrifying Xiao Qi¡¯s talent was in the financial market.
Recently, managers of many fund companies have been publicly announcing their gains in subordinated bonds.
¡°Except for Paulson, Tong Wencong knows that no one can match Xiao Qi¡¯s income.
¡°Moreover, what Paulson earns is the entire fund company¡¯s money, while Xiao Qi¡¯s money belongs entirely to him alone. After all, Xiao Qi¡¯s profit is the highest.
Coupled with Xiao Qi¡¯s genius performance on dreampad and app store, Tong Wencong, who subconsciously felt that Xiao Qi was much stronger and smarter than him, was convinced of his judgment.
Of course, this is Xiao Qi trying to persuade him. If it were any other person, it would be better if he would not be fooled by Tong Wencong, let alone sway Tong Wencong with just a few words.
And Xiao Qi¡¯s last words completely reassured him.
It proves that future commissions and business from Xiao Qi will not be suspended after this subprime mortgage crisis. As long as we can cooperate with Xiao Qi to make money for a long time, why should we insist on this CDS insurance policy? (To be continued, please search Piaotian Literature. The novels will be better and updated faster! - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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