America’s Road To Wealth

  Chapter 162 The reason why Wall Street giants gather

  Abel originally wanted to say hello to Ikana and his daughter.

  But tonight, at this reception.

   There is no doubt that he is the most watched one.

   He had just taken two steps when he was blocked by someone.

   The man who blocked him was Richard Fuld.

  The two did not know each other before this.

   The name Richard Fuld is very prominent on Wall Street.

  He is one of the four major investment banks on Wall Street and the CEO of Lehman Brothers.

  "Business Week" once called Richard Fuld "the bulldog of Wall Street", and he was one of the famous giants on Wall Street.

   "Hi, Mr. Smith. I'm Richard Fuld."

  The CEO of Lehman Brothers is a black-haired white man. He is an Italian-American and has been in charge of Lehman Brothers since 1994.

   "Hello, Mr. Fuld. I'm Abel Smith." Abel smiled and shook hands with him.

  Today’s reception at Smith Capital invited the CEOs of major Wall Street investment banks and financial groups.

  The CEOs of the four major investment banks are all invited.

  Dare to invite these four CEOs once, and there is a high probability that they will come again.

   This means that Abel is now in a state of Wall Street sweets and potatoes.

   And tonight, Abel also used his trump card against Wall Street.

   dare to do such a thing.

  Richard Fuld stood next to Lehman Brothers Chief Financial Officer Bryn Bulley.

   When Bryn Bulley was at the Hilton family banquet last time, Abel already knew him.

  Later, the first private placement of Smith Capital.

   It was Bryn Bulley who contacted Smith Capital on behalf of Lehman Brothers.

  Among the $3 billion in private placements, Lehman Brothers has the fourth largest share, with a total investment of $250 million.

   "Hello, Mr. Bully." Abel greeted Bryn Bulley on the side.

  The latter responded quickly.

   Among the CEOs of the four major investment banks, Richard Fuld is undoubtedly the most authoritative one in the company.

  Richard Fuld is here, and Bryn Bulley doesn't have much authority to speak.

  This is just the opposite of Merrill Lynch.

   Merrill Lynch's chief executive, David Komansky, doesn't have much authority.

"Mr Smith."

  The bulldog of Wall Street is as straightforward as his name suggests.

  After the simple greetings, the Italian asked a question directly.

   "Smith Capital is undoubtedly a successful company. Mr. Smith, you are a very successful investor."

   "Such a generous Mr. Smith."

   "Is what you said in the invitation letter true?"

   "You said that you will lead Smith Capital and share your success with Wall Street. Is this true?"

   A question from Richard Fuld was straightforward.

   Directly pointing to more and more Wall Street giants, one of the most urgent ideas recently.

  That is. Invest in Smith Capital!

   Actually this is in Wall Street.

   It's not too much to ask.

   Except for those small companies, any large financial company on Wall Street.

   Behind them, there are a large number of shareholders.

  Let’s not talk about the listed giants of the four major investment banks.

  They have tens of thousands of shareholders, and hundreds of them account for more than 0.1% of the shares.

  Like Warren Buffett's Berkshire Hathaway, its single stock is the most expensive in the world.

   But it also has thousands of shareholders.

  As the founder of Berkshire Hathaway and the controller of everything in the company.

  Buffett himself actually only owns 15.6% of the shares of Berkshire Hathaway.

  The four major investment banks on Wall Street, as well as other giants on Wall Street, have similar ideas about Smith Capital.

   Actually.

  There are two types of invitations for this evening's party.

  One is an ordinary invitation letter, which is the type of invitation letter that most guests get.

  Another kind of invitation, but it contains Smith Capital, which will announce the first round of financing tonight.

   This is Abel's biggest trump card to Wall Street at present.

   He also dared to invite so many Wall Street giants at once.

   Also the reason why they think they should all come.

  Richard Fuld is very ego.

  Other Wall Street giants who got the news still wanted to be polite.

   Wait until Abel announces later, and then make contact.

   "The Bulldog of Wall Street" directly represents Lehman Brothers A.

   Confront Richard Fuld with stark, very direct questions.

  Abel was not angry either.

   This matter is a result of his long-term thinking.

  He knows, if he really wants to gain a firm foothold in the top ranks of this country.

   It is absolutely impossible not to share their success with outsiders like the male protagonists in Chinese online novels.

   Regarding other giants wanting to take a stake in Smith Capital.

  He already knew that such a day would come.

   Unless you don’t want to be big, unless you want to fight against the entire Wall Street by yourself.

   Otherwise, this day will come sooner or later.

  What Abel can do is to choose his allies, and the time and timing for these allies to join him.

   And in this process, master the greatest share of autonomy and control.

  Manpower is sometimes poor. By yourself, you can become a billionaire, or even the richest man in the world.

   But Abel felt that he was alone.

  If you want to form a real consortium, it will be too difficult.

  Even at the beginning, I can gather a large enough industry with money that is much easier than the wind.

  But in the follow-up management and development, it is bound to be because of his ordinary business management ability.

  In the end, the consortium was gradually divided because it was unable to control the entire consortium.

  One involves hundreds of large companies, across multiple industries, and across multiple countries.

  A large consortium involving tens of millions of people.

   Only relying on the ability of the founder alone, if you want to manage it well, it will not work to replace Zhuge Liang.

  Even if it was Zhuge Liang, in the end, he didn't do his best and died of overwork in his fifties.

  Looking at the large consortiums and chaebols that have emerged and formed.

   Almost without exception, they are all headed by a family.

   Then this leading family will unite with many other wealthy families.

  These wealthy families then influence and unite the next-level families, and finally control the entire consortium layer by layer.

  Like Herbert's family who have basically won now.

  In the generation of Herbert’s grandfather, it was actually just a medium-sized family under the Rockefeller consortium.

  It is that Herbert and his father are more competitive, and the father and son have developed their family.

  A Rockefeller consortium named Rockefeller, the main controller may also be Rockefeller.

  But those who share the power of the consortium and make contributions to the consortium at the same time, there may be more than dozens of families involved behind it!

  These families gathered together, united because of their interests, and then through marriage and other means, finally formed a terrible alliance of interests.

  If it is said that when Abel was reborn and just discovered his "talent", he had such an unrealistic fantasy of dominating the United States.

  After nearly a year of working as a capitalist, I learned a lot about the inside story of this country.

  He knew that his previous fantasies were really nothing but fantasies.

  If you want to be alone above the world, unless you are a **** among the people.

  Has the extraordinary power of a superman that crushes the world.

   Otherwise, people from the motherland will do.

   Otherwise in the real world without supernatural powers.

  The only way is to make your family grow as much as possible.

  Through your own family, unite with other powerful families.

  Under the strong alliance, extend your tentacles to the whole world.

  In this way, the goal is achieved.

  Stronger than Zulong.

   Only the "survivors of Fen VI" and talents from powerful military families under his command can unify the six countries.

  Without the Ten Marshals and other meritorious men, the great man himself would not be able to achieve greatness.

  Facing Richard Fuld's slightly awkward question at this moment.

  Abel smiled slightly, and said softly:

   "As for the question, my answer is, there is nothing wrong. Will announce later."

   "Smith Capital, any investor joins in and becomes a shareholder of the company."

   "Smith Capital needs a strong ally!"

  His answer made Richard Fuld's eyes light up.

   "Hahaha~ This is really great. Lehman Brothers, willing to be Smith's ally!" Richard Fuld's voice became excited.

  His voice is loud.

  This Wall Street bulldog has always been like this.

   This got him a lot of praise in the media.

  But it also made him in the same industry, which offended many people.

  Richard Fuld didn't think of it himself, he asked this question.

   To be able to get such a definite answer from Abel.

  In the invitation letter, Smith Capital only mentioned a vague sentence.

   "Hahaha~ Yes, Smith Capital needs friends." Abel smiled.

  It is the qualifications of these friends, the proportion of shares, and other requirements.

   It's up to me to decide.

   Abel thought to himself.

   "Ah~" Richard Fuld's voice became a little louder, and he said a little excitedly: "This is really the most wonderful news I have heard in the past month!"

  As a Wall Street giant, he is also one of the middlemen of Smith Capital.

  Lehman Brothers is the same as investment banks such as Merrill Lynch and Goldman Sachs.

  They all can, through the flow of funds invested in the market by Smith Capital.

   Roughly speculate about the investment direction and profits of Smith Capital.

  These giants have Smith Capital’s approximate investment profit speculation for the past six months.

  It is that among the giants, the estimated amount of Smith Capital's profit will be slightly different.

   After all, for the sake of insurance, the middlemen and guarantee banks of Smith Capital will never only be placed on two or three banks.

  At least a dozen banks are used each time, first to spread the risk, and second, to ensure the confidentiality of the investment.

   Without exception, these giants have estimated the investment profits of Smith Capital in the past six months.

   Unified, the amount is very amazing.

  Simply speaking, everyone can predict the profit of Smith Capital in the past six months to a certain extent.

  And the predicted number will be several hundred million dollars different.

   But the numbers they predicted were all terrible without exception.

  Like Lehman Brothers, there are three estimates for Smith Capital's investment profits in the past six months.

  One is $7.6 billion, one is $8 billion, and the other is $7.9 billion.

   No matter which of these figures are, as long as they are true, Smith Capital will be able to become the most profitable company on Wall Street this year.

   Last year, the most profitable Wall Street firm was Goldman Sachs.

  Goldman Sachs' net profit in the 1999 financial report was 4.215 billion US dollars.

  Compared with Goldman Sachs, Lehman Brothers' net profit last year was only a pitiful $1.5 billion.

in other words.

  If it were Lehman Brothers, there would be no mistakes in Smith Capital’s profit estimates for the past six months.

  That means, half a year's profit of Smith Capital this year.

   It exceeded the net profit of the two giants Lehman Brothers and Goldman Sachs combined for the whole of last year.

   This is an unbelievable number.

  Lehman Brothers executives all held a negative attitude towards this calculation at the beginning.

  But it was Lehman Brothers who made this calculation, with hundreds of traders, analysts, and actuaries.

  Through Smith Capital, the flow of funds in Lehman Brothers and other banks with information available, they finally made the calculation results.

   It took more than a week to calculate this number.

  If everything goes wrong, or if the results differ too much.

  There is no need for the hundreds of elites like Lehman Brothers to exist.

  Richard Fuld can only be skeptical about this.

   With the mentality of killing mistakes rather than letting them go, Lehman Brothers is the same as other giants.

  All want to extend their tentacles into Smith Capital.

   Then investing in shares is a good choice.

   Now that Abel has obtained "approval", Richard Fuld is of course excited and happy.

  This is if the profits of Smith Capital are real, and then Lehman Brothers becomes a shareholder.

   This is equivalent to Lehman Brothers gaining an extra cash cow and a cash cow after this!

   Facing Richard Fuld who was a little excited, Abel smiled.

   Just kidding, Smith Capital will indeed accept investment, and it is true to accept allies.

   This is also his trump card at tonight's reception.

  But the pitfall of Lehman Brothers will most likely be excluded.

   As one of the four major investment banks, Lehman Brothers is the most radical of the four investment banks and the one that has laid the most mines.

  The four major investment banks have very well-established businesses and basically do everything related to investment.

  But there will also be some biases, some businesses that are more focused.

  Like Merrill Lynch, it has been more partial to securities sales in the past two years;

  Goldman Sachs likes to be a white knight;

  Morgan Stanley is keen on large capital investments.

   Lehman Brothers, after the third bankruptcy crisis in 1998.

   Led by Richard Fuld.

  This investment bank has focused its development on issuing a large number of mortgage financial derivatives.

  The advantage of doing this is that just in recent years, the real estate industry in the United States has developed very well, and the national real estate industry is in a bull market.

   This fed Lehman Brothers and made a lot of profits.

   So much so that it is currently ranked in the top two among the four major investment banks.

  By taking advantage of the spring breeze of the real estate industry, it is too easy to make money.

  Lehman Brothers has formed path dependence.

  It will only issue more and more mortgage financial derivatives every year.

  If the real estate industry in the United States can continue to rise, it is of course very good for Lehman Brothers to do so.

   It is estimated that in a few more years, it will be able to reach the number one in the United States.

  But the real estate industry in the United States obviously cannot be in a high state forever.

  When the bubble comes, Lehman Brothers, who put his life on the sidelines, can imagine the result

  Abel has already decided that even if the time comes, he will accept Lehman Brothers' shareholding.

   Its shareholding ratio must also be the lowest.

   But not Richard Fuld.

   Lehman Brothers is now the most proud of Chunfeng among the four major investment banks.

  Richard Fuld thinks that if Abel opens up Smith Capital.

  Then Lehman Brothers should be able to eat the fattest piece.

   This of course made Richard Fuld very happy.

  His happy look also attracted the attention of the guests in the reception who had been paying attention to this side.

  Many people are speculating on what benefits the "Wall Street Bulldog" has gained from the "Wolf of Wall Street".

  With this guy's personality, he would be so happy.

   This is very curious.

  Especially those special guests who received special invitations tonight.

   is even more itchy.

   Many people are worried, the most courageous Richard Fuld.

   Have you already eaten the fattest piece of meat?

  Where someone is worried, someone will act.

  President of Goldman Sachs not long after he got out of the elevator, Paulson, the future Secretary of the Treasury of the United States.

   Seeing Richard Fuld smiling so happily next to Abel.

   Paulson gave a mental bang and walked over immediately.

   And with a distance of several meters, he smiled and stretched out his hand to Abel loudly:

   "Mr. Smith, Mr. Smith! Hello, hello, I'm Christian Paulson! Nice to meet you!"

  Compared to Richard Fuld's abruptness just now, Paulson no matter in tone or attitude.

   He is so kind, people who don’t know him think he is an ordinary Goldman Sachs MD who came to attract investment.

  MD, Vice President. In investment banks, it is generally the position of the most junior salesmen

   But in fact, he is the CEO of Goldman Sachs.

   Among Wall Street, it is also one of the best existences.

   "Hello." Abel stood still, but he also took the initiative to smile and stretch out his hand.

   This scene fell in the eyes of Ted Lena and Ikana in the distance, and Ted Lena couldn't help whispering to his daughter:

   "Whoa, he doesn't move at all. And Paulson came over and offered to shake his hand. Honey, your boyfriend is such a proud boy!"

   Paulson was already a senior executive of Goldman Sachs before he became the CEO of Goldman Sachs.

   enjoys a high reputation on Wall Street and belongs to one of the top elites in New York.

   Let's put it this way.

  At this time, Ted Lener may not be able to go to the Goldman Sachs headquarters to meet Paulson.

   Not to mention enjoying the treatment of Abel in this kind of public occasion.

  Ikana was also a little surprised.

  She knows that her boyfriend is very good.

   But I didn't expect it to be so powerful that even a giant like Paulson would "treat each other with courtesy" like this.

   There was Richard Fuld, the Wall Street bulldog, before Paulson.

  Two CEOs of the four major Wall Street investment banks have come.

   "Look over there." Ikana suddenly said to her father Ted Lena:

   "In the elevator, that one seems to be Philip Purcell? The one next to him seems to be David Komansky?"

   "Oh! The CEO of Morgan Stanley and Merrill Lynch are here together. Now the four major investment banks are all here!"

  Beside his daughter, Ted Lener has fallen into silence.

  The arrival of Richard Fuld and Paulson is shocking enough.

  The CEOs of the four major investment banks have all come, which is no longer as simple as shocking people.

   Ted Lener realized that the reception tonight would definitely not be that simple.

   There is nothing but profit for these oligarchs to appear together.

   I went out today and didn’t come back until after nine o’clock. There were only two shifts in the evening, but I will make up for it tomorrow. In short, there will be four shifts every day this month. Let everyone know, so that you don't have to stay up late and wait, you can watch it tomorrow morning or at noon.

  (end of this chapter)