America’s Road To Wealth

  Chapter 165 Numbing astronomical figures

  The layout of Smith Capital's cocktail party today.

  It was different from the reception held by the Hilton family here before.

  At that reception, there were seats arranged according to the status of the guests.

  It is similar to the last time Abel attended a charity reception.

  By the time Abel came, it had already reached the midfield.

  He didn't even look for his own seat, he just found a sofa and sat down.

  But this time, this cocktail party held by Smith Capital.

   It uses the cold buffet reception that has become more and more popular in recent years.

   means not arranging seats for guests.

   Instead, prepare a large number of places where you can rest and chat on the field.

   In the middle, there are tables with various foods, which belong to the self-service mode.

  The best thing about this approach is that you don't have to ask people to rank in terms of resources.

   Regardless of status, everyone enjoys the same treatment.

   It may be this reason that makes this model more and more popular.

  A high platform is designed on the south wall in the middle of the entire Hilton Golden Hall.

   Behind the high platform is a white curtain, and a projector is hung on the front.

  David Mellon is now walking towards this high platform.

  His actions also attracted the attention of more than two hundred guests present.

   After stepping onto the high platform, David Mellon first tried the sound.

   "cough cough cough~"

  He confirmed that the microphone is normal and can transmit the sound normally.

  The general manager of Smith Capital said with a smile:

   "Welcome to Smith Capital's investment reception tonight, everyone."

   "On behalf of the 136 employees of Smith Capital, as well as our beloved chairman Mr. Abel Smith, I would like to express my highest respect to you all!"

   "In addition, as we said in the invitation letter, today is also Smith Capital's year-end reception."

   "In that case."

  David Mellon paused a little when he said this, and he smiled and slowed down a little.

   went on to say:

   "Since this is the case, then follow the usual practice. We will also announce the investment situation of Smith Capital since its establishment half a year ago tonight. I believe this is also of interest to everyone."

  Abel came to New York last October.

   I met David Mellon within a few days of my arrival.

  But the establishment of Smith Capital will not be until the end of May this year.

   May 25, 2000 to be exact.

   It’s almost exactly half a year since November 15th.

   Ordinary investment companies or companies in other industries, if they have just been established for half a year.

   Except for the shareholders themselves, not many outsiders will be curious about its investment and development in half a year.

   But Smith Capital is different.

   This company with Abel Smith has attracted the attention of Wall Street since its establishment.

   What's more, in the past six months, it has demonstrated a very good ability to earn profits.

  At the same time, among today’s guests, most of the LPs (investors) who invested in the first private placement of Smith Capital came.

  They, of course, are more concerned about the profits of Smith Capital.

  Many people waited with bated breath, curious about Smith Capital in such a short time.

  What kind of grades and answers will be handed over.

  At this moment, the lights in the reception began to dim.

  Everyone looked behind David Mellon, where a white curtain had long been placed.

  Guests know, wait a minute.

   There should be a projection PPT of Smith Capital’s investment records for half a year.

  As David Mellon's voice reappeared, words began to appear on the curtain.

   "Everyone, please see, the above is Smith Capital, from May to yesterday, every month's investment profit."

   He had just finished speaking, in the dim golden hall.

  The projector is also on the white screen, in order.

  Projected Smith Capital, nearly six months of investment and income.

   First up is May.

  In May, Smith Capital was just established a few days ago.

   Throughout May, this company existed for five days.

  The guests saw that during these five days, Smith Capital was in the international futures market.

   Mainly the multiple transactions in the four major futures varieties of soybean, soybean meal, natural gas and cotton.

  A total of about 11 transactions, all short-term transactions lasting a day or two.

   According to the data above.

  These 11 transactions are for Smith Capital, which has only five days of trading time.

  In May of this year, with a principal of about 1 billion U.S. dollars, he made a profit of about 210 million U.S. dollars.

   Billion dollars make $210 million.

   This is the profit achieved in just a few days.

   This number is already very astonishing.

   Even on Wall Street, even in giants like Goldman Sachs.

  A profit of 210 million US dollars often requires billions of dollars of funds to achieve the profit margin.

  This level has already beaten 99% of the investment managers in 99% of Wall Street companies.

   But that's not amazing enough.

   What's more amazing is yet to come.

  Project on ppt.

  Next, the investment records and profit data of Smith Capital in June are displayed.

  The above data shows that Smith Capital made a total of 5 investments in June.

  Compared to five days of trading in May.

   During the one-month trading period in June, only five transactions were carried out.

  The number of transactions looks much less.

  But. The combined principal of these five transactions exceeds two billion in investment.

   A total of 450 million US dollars in profits were obtained for Smith Capital.

   That is to say, only five days in May, plus thirty days in June.

   Within thirty-five days.

  Smith Capital is already in the market, making over $660 million in profits.

   Almost equivalent to one-seventh of Goldman Sachs' profit for the whole year last year.

  These two data are for oligarchs who already know the general profitability of Smith Capital.

   Just let them determine the speculative data of their own company.

   Is there any mistake? The magnitude of the mistake is not big.

   But for those guests who are not so well-informed and the channels are not so wide.

  These two data are amazing.

  For example, the "family acquaintance" of the Abel family, George, a middle-aged man from Texas.

   After reading these two data.

  George asked around, the investment manager of the family wealth management fund he specially brought here today.

   "Steven, tell me, how much profit did you make in May and June this year?"

  "Uh" Steven's investment manager was a little speechless.

  It is mainly his grades, which are embarrassing when compared with the data projected by the PPT above.

   "I remember it was... a few million dollars." Steven said ambiguously.

  George frowned: "How much is it? Don't say you don't know."

  Steven can only say:

   "The exact figure is 2.12 million US dollars. Among them, the profit in May was 950,000, and the rest was earned in June. There was a wave of precious metals in June, and in this wave of market"

   "So little?" Steven was interrupted by George before he finished speaking.

few?

  Steven wanted to say loudly: The principal that your family gave me is only 150 million U.S. dollars!

  With such a small capital, how much do you want me to earn a month?

Of course.

  Steven dare not say.

  He was afraid that after a while, George would have to ask about the profits of other months.

  In April and July, Steven’s investment not only failed to make money, but also lost money.

   There are profits and losses, but generally more profits than losses.

   This is already relatively good among investment managers.

  Steven can only say: "That's the Wolf of Wall Street, if I were as powerful as him. George, the reception you are attending now is not the reception of Smith Capital."

   "Okay." George nodded, "You're right."

  Although it is beautiful on the outside, the inside is a bit rotten.

  But George also knew that Steven was his father's trusted investment manager.

  I can't offend myself too much.

   But he has decided to go back and talk to his father.

   In the future, it may be possible to hand over the family's funds to Smith in terms of investment and financial management.

  When George was talking to Steven.

  The above PPT has started to project the Smith Capital transaction data for July.

   "Next is July, please read it"

  David Mellon explained while showing everyone the above data.

   "In July, our investment was not very good. The profit was only 110 million US dollars."

   While saying these words, David Mellon was complaining in his heart.

  Madfak, earned so little in July.

   It's not someone who is spending most of his time picking up girls this month.

  An Anne Hathaway, a Jessica Alba, let Smith Capital lose hundreds of millions of dollars.

   It also cost David Mellon millions of dollars.

  David thinks that women are the real culprits who delay making money sometimes!

   But he didn't know that he was already in Versailles like this.

  The profit of 110 million US dollars, compared with the previous data, seems a bit small.

   But even on Wall Street, earning 110 million US dollars a month is still a small company, which is actually very powerful.

  Wall Street and Smith Capital are securities firms of almost the same size.

  One year's profit is only a few hundred million dollars.

   Sometimes even lose money.

  If there is an average monthly profit of about 100 million US dollars.

   I don’t know how many bosses of such companies will wake up laughing in the middle of the night.

   Don't think that Wall Street's profits are really that exaggerated.

  The profits of Goldman Sachs and Lehman Brothers last year have been released earlier.

   Lehman Brothers almost went bankrupt in 1998 and just recovered last year.

  The total profit attributable to the parent company last year was about US$1.5 billion.

  Goldman Sachs is around $4.2 billion.

  Morgan Stanley, one of the four major investment banks, had a total revenue of approximately US$8.1 billion last year.

  The net profit attributable to the parent was only 3.495 billion, a year-on-year -28.94%.

  The situation like Goldman Sachs, Morgan, and Lehman Brothers is the common situation of those giants on Wall Street.

  Like the data of Smith Capital in the previous months.

  Integrating the current size of Smith Capital, it is a very scary data.

   What's more, what's more scary is yet to come.

  Just these data have already made those guests who don't know the following data.

   I was extremely shocked by the speed at which Smith Capital made money.

   This also made everyone realize why Wall Street attaches so much importance to Smith Capital.

  To be precise, it is Abel who pays attention to Smith Capital.

  It can make money so much, this Madfak is definitely a super cash cow.

   This is the latest version of Peter Lynch or Buffett.

   This makes Wall Street, how can it not pay attention?

  Barron Hilton couldn't help saying to his granddaughter Paris:

   "Honey, do you know what the net profit of the Hilton Hotel Group was last year?"

  Paris shook her head blankly.

  How could she care about this?

  Still under the protection of her grandfather, she has not yet started to toss her own brand, and she has not yet started to be the benchmark for the Hilton family to attract attention.

   What she is most passionate about at this time is only in the ball field in New York.

   It's just a competition with other famous ladies and ladies.

  Barron Hilton said earnestly:

   "For the whole of last year, Hilton Worldwide's annual revenue was US$9.8 billion. But the net profit was only US$430 million."

   "That means this guy's company made more money than Hilton Worldwide in June this year."

   What Baron Hilton didn't say is that the Hilton family's shareholding in Hilton Worldwide is actually very low.

   Of the net profit of 430 million US dollars last year, the Hilton family can get very little.

  The Hilton family is not as beautiful as it seems on the surface.

   This is like Ted Lener, who is said to be a billionaire, but can also be ranked among the top 400 in the United States.

   But in fact, most of the time, he is also short of money.

  Because most of the assets of rich people like them are stocks or heavy assets.

  The proportion of usable money and working capital earned every year is very low.

   "I earn more in a month than we earn in a year." Paris listened to her grandfather.

  She felt that she might have done something wrong earlier.

   Fortunately, there should be a chance now.

Maybe?

   She thought uncertainly.

  After the "unremarkable" July data.

   are increasingly exaggerated, even scary data.

  In August, the result given by Smith Capital was 2.156 billion US dollars.

   Among them, only in the international foreign exchange market, the profit is as high as 1.954 billion US dollars.

   As soon as the projection PPT of this part comes out.

  The "distinguished" guests who were able to maintain their composure suddenly revealed their true colors.

   "Wow~"

   "Am I reading that right? Over two billion dollars a month? Did they get the decimal point wrong?"

   "I think so too. It was only 1.1 in the front, and it turned out to be 2.156 billion US dollars later. Is this a mistake in the decimal point? It should be 215.6 million?"

   "More than 200 million is amazing. But if it is more than 2.1 billion"

   "Namadfak's Smith Capital earned Goldman Sachs' profit for the first half of last year in one month in August!"

   "Madfak, I feel that the Federal Reserve is not printing money as fast as he is!"

  “.”

  The words of the gentleman behind are a bit exaggerated.

   In this world, no one makes money at a speed.

  Comparable to the Fed's nuclear-powered money printing press.

  Abel, who is fully engaged, can't either.

   Printing trillions of dollars a year, who else? !

   Surprised the guests in the discussion, many people also noticed.

  Under the exposure of such terrifying numbers.

   None of the high-profile Wall Street giants were as surprised as they were.

   Are they calmer, more self-restraining, and deeper in the city?

   Not really.

   It's just these data, under Abel's previous intentional non-concealment.

   They already have some vague numbers.

  Smith Capital is posting it now, just for them to check.

  Let them find that the data and the figures speculated by the elites of their company are generally not much different.

   However, the more amazing thing is yet to come.

  After August, it's September.

  In September, the profit data of Smith Capital was 4.16 billion US dollars.

   Among them, the investment profit from long international crude oil was 1.42 billion US dollars.

  The investment profit in London gold is 25.64.

  As soon as these two figures came out, the voices of the guests became louder.

   After more than four billion US dollars.

  Everyone no longer doubts the data of more than 2 billion US dollars in August just now.

  The decimal point can be marked wrong once, will it be wrong the second time?

  If this is the case, today's reception will become a funny event.

   Obviously this kind of thing can't happen.

   Then it means

  Smith Capital's August profit data is not marked with a wrong decimal point.

   That is, August and September.

  Smith Capital made more than $6 billion

  Everyone thinks that after this, Abel suddenly spent a huge sum of money to buy MGM.

   I'm not afraid of MGM's debt of more than two billion U.S. dollars.

  The performance is called a person with a lot of money.

  The guests suddenly realized at this time.

   It turned out that this guy made so much money in August and September!

   This is how you can spend so much money, and you can become one of the Hollywood giants when you buy it.

  After seeing these two data.

  The most excited are those LPs who invested in the first phase of Smith Capital Private Equity.

  Ted Lener and Barron Hilton, for example.

  One of them has friendship with Abel, and the other is because of his daughter Ikana.

   Both of these two people invested a little money in the private placement of Smith Capital at the end of August.

  Barron is $2 million, Ted Lener is $1 million.

  The 2 billion in August, they suspect that it may not have much to do with the private placement.

   After all, at the end of August, Abel launched the first private placement.

  But of the more than 4 billion in September, at least a part of it should be private equity funds.

   Then their investment should also make money.

  Thinking of this, small and medium-sized investors like Ted Lener are no longer just surprised.

  They have all begun to fantasize about how much the Smith Fund made in the investment of Smith Capital in September.

  This data is not immediately listed on the projection PPT.

   What appears behind it is the October profit data of Smith Capital.

   Compared to more than $4 billion in September.

  In October, Smith Capital "only" shorted international crude oil futures

   Earned 3.42 billion US dollars on this "little thing".

   It seems that it is not so amazing. What a fart!

   In less than five months, he earned almost 10 billion US dollars.

   Even more than listed in Forbes and other newspapers.

  This statistic has already made those present guests who don't know the truth doubt their lives.

  Like George, he couldn't help but poke his family's investment manager with his finger.

   "Steven." George said a little naively:

   "You said the symbol above, isn't it a dollar sign?"

   "Is there a possibility that it is the currency symbol on the Asian side?"

   "I remember right! Hong Kong dollars, the money on Hong Kong Island also uses this symbol. Does this ten billion refer to Hong Kong dollars?"

  Steven looked at his boss.

  He doesn't want to point out that the above data is in "million" which is a commonly used unit in the US dollar.

   That is "millions", and the October profit of Smith Capital shown above is 3420million.

   That is 3420 million.

  This measurement method is generally used by the United States itself all over the world

  George looked at Steven's eyes, he sneered, and knew what he said just now was a bit silly.

  After realizing this, George had already made up his mind.

  After returning home, father must be dealt with.

   Let the father put the family's financial management funds on Abel's side.

  By this time, only a few minutes had passed on the scene.

  David Mellon on the stage took a deep breath.

  David looked forward to it.

  He looked forward to the people below, waiting for a shocked look.

  Because David knows that the next data will be even more astonishing.

   "Okay. The October one is over."

  David, holding a microphone above, smiled and said, "The last is the profit for the first half of November. Please take a look."

   When everyone sees.

  Smith Capital's profit in the first half of November is after the figure of 71.59 US dollars.

   No one is talking anymore.

  At a reception with more than two hundred people.

  Everyone seems to have been pressed the pause button, and the discussions and actions have disappeared.

   Only the sound of everyone's rapid breathing, and the sound of waiters walking, preparing drinks and food, who have nothing to do with themselves.

   For the waiters.

   No matter how much money the rich make, it's none of their business.

  In addition to their wages, they can't share the slightest profit.

  For them, 10 billion and 100 million are actually the same.

  The same unreachable, the same astronomical figures.

Of course.

   Among the more than forty waiters, except for a large number of hidden reporters.

   They were less composed.

  These hidden reporters are a little bit blank at this time.

  The PPT projection played to the end.

   It was David Mellon with the help of amplified microphones, and the loud voice woke everyone up.

   "Ahem. Finally, it is the total profit of Smith Capital since its establishment half a year ago. Please see the PPT projection."

  Behind David is an exaggerated number, but everyone has become numb.

  17665 million.

  17665 million dollars, 17.665 billion dollars!

   "This is the answer sheet Smith Capital handed over to everyone."

  David Mellon loves seeing the crowd below.

  Including those giants, the silence and numbness at this time.

  Although this is not the result of David.

  But these achievements, David also personally experienced them.

   And contribute a lot, maybe the one with the most.

  Because someone just took a look before the investment started, and made a few phone calls in the middle of caring.

  If you show up again at the end, or if you don't show up at all, just call and let us know.

  In comparison, David, who is routinely used to staying up all night, contributed the most.

   But David also knows that there are many people who can replace him.

   Throughout Wall Street, there are probably hundreds of them.

  But the only one who can do all this is his own boss!

   What makes David more excited now is that.

   Of the 17.665 billion US dollars, he can get at least tens of millions of dollars, or even hundreds of millions of dollars.

   This made him happier than seeing the shocked expressions of the people below.

   "Okay. What will appear later is the first private placement of Smith Capital, the situation of the first phase of Smith Fund."

  David Mellon was not in a hurry, and continued following the steps.

   Hilton's name was wrong, it should be Barron's.

  (end of this chapter)