America’s Road To Wealth

  Chapter 166 Suffocate the American Dream!

   According to the rules and the usual practice of Wall Street.

  Most private equity funds, except those specified in the contract.

  During the closed period, it is not necessary to disclose the profit and loss to investors.

   But if you insist on disclosing it, that's perfectly fine.

   It depends on how the contract is signed and how the relationship between the LP and the investment manager is.

  Smith Capital is now three to four months in advance, revealing the situation of the first phase of Smith Private Equity Fund, which is also completely legal.

  For the LPs who participated in the first phase of Smith's private placement.

  They are even more eager to know in advance, so that they can know how much money they have made, or how much money they have lost.

  Smith Capital disclosed the half-year profit of 17.665 billion US dollars under this data.

  LPs can’t wait even more, eager to know the situation of the first phase of private placement.

   "Smith Capital's first private equity fund, with a total fundraising of US$3 billion. The minimum subscription amount starts at US$1 million."

   "The closing period is 180 days, and the redemption period is also 180 days."

  The above PPT and the information disclosed by David.

   The previous one wasn't very shocking to everyone.

  The private placement amount of US$3 billion is relatively large, but it is not uncommon on Wall Street.

  The 180-day closing and redemption period is too short.

   It is important to know that for ordinary private equity funds, the closing period is generally more than three years.

  The redemption period is usually five to ten years, and some are as long as fifteen or twenty years.

  The 180-day redemption period is almost unheard of on Wall Street.

   Fortunately, for these guests who are interested in inquiring, they have known such news for a long time.

  This time it was only officially recognized by Smith Capital.

   What excited and shocked everyone was the news that David revealed later.

  I saw him smiling and said: "The next number that appears is the first phase of Smith Private Equity Fund, the balance on the current account ~ everyone, please see the PPT."

   His voice fell, and a number appeared on the PPT behind him.

  8679million, which is 8.679 billion US dollars.

   It is known that the first phase of Smith's private placement raised $3 billion.

  The account balance is now $8.679 billion.

  This also means that in these two months.

  In the first phase of Smith Fund account, it soared 289.3%.

   This number made the guests who were already a little numb just now discuss again.

  This time, even the giants who had a rough estimate of the original profit figure couldn't help it.

  They can go through Smith Capital's not-so-secret flow of money.

  Speculate the approximate profit of Smith Capital.

   But in these funding streams, they have no inside information.

   There is no way to grasp the specific source and classification of these capital flows.

  That is to say, they can know that the money belongs to Smith Capital.

  But they don't know whether the money of Smith Capital is Abel's own funds or the money of the first phase of Smith Fund.

   Or other investors’ money.

  After seeing this exaggerated profit figure.

  In the first phase of the Smith Fund, several senior executives of Merrill Lynch who invested the most.

   Whether it's CEO David Komansky.

   It was still Stanley O'Neill who was at odds with David Komansky, and both of them immediately beamed with joy.

   Of course, the most exciting thing is Charlie Schaff, the chief financial department.

   You must know that in Merrill Lynch, the most insisted on handing over funds to Smith Capital for investment.

   That's Charlie Schaff.

   Today's figure means that Merrill Lynch's investment in Smith Capital has increased in value by at least 289.3%!

  This time Merrill Lynch was very bold and invested 500 million US dollars.

   It is the largest investment among investment banks and the largest investment among LPs.

   In other words, now Merrill Lynch's 500 million US dollars.

  The value-added has become 1.4465 billion US dollars.

   This is almost equal to a little over one-third of Merrill Lynch's profit last year!

   Even if half of the profit is deducted, it will be used as a commission for Smith Capital.

  The 500 million U.S. dollars, but also a net profit of more than 450 million U.S. dollars!

   "啪~"

  Stanley O'Neal, who was standing with Charlie Schaff, couldn't help but pat Charlie Schaff.

   "Hey! Dude, am I right?! It's 8.679 billion! 289.3%!" the black president exclaimed excitedly.

  Charlie Schaff was actually more excited, he lowered his voice:

   "You read that right, sir. Because the numbers I saw are so many!"

   "Haha~" Stanley O'Neill exclaimed happily again.

  In the scene of the reception.

   There were also discussions from the guests.

   Ted Lener regrets it now, and regrets not investing more at that time.

   "Fack." Ted Lener complained to his daughter:

   "If it wasn't for Merrill Lynch's debt collection! I would have invested at least 150 million US dollars! It was because of Merrill Lynch that my cash flow was drained! In the end I only invested 1 million dollars!"

  Ikana glanced at her father, not embarrassed to expose him.

  At that time, although Merrill Lynch and many banks were chasing money from Dad, it was true.

   Ted Lener had so much money that he couldn’t get it out.

  There is still a liquidity of 10 to 20 million US dollars.

  At that time, Ikana also suggested that an investment of 10 to 20 million U.S. dollars could be made.

   But Ted Lener turned it down, and only pitched a million dollars.

  In Ikana's opinion at the time, this was a waste of the investment opportunity she had worked so hard to get for nothing.

  Because not everyone can invest in a Smith Fund.

  Now that he is making money, his father says such things.

  Ikana was speechless.

  She knew that her father wanted to save face, but she didn't bluntly expose it.

   At the other end of the Hilton Golden Hall.

  Smiling, silent Robert Morgenthau.

  He suddenly said to his granddaughter: "Peggy, have you seen the eyes of those people?"

   "Huh?" Peggy came back to her senses. This legal genius girl was still shocked by the numbers just now.

   "The expressions of those capital crocodiles in front." Robert said softly.

   Peggy was startled, then nodded slightly.

  Then she heard Grandpa sigh softly again.

   "After tonight. For a long time, in Manhattan, no one can bring him down."

   "Unless you can pass this level of these people."

   "Before he can make money for these people, these people are his greatest protectors."

   There is a sentence that Robert did not say.

   That is, if one day, Abel becomes a blocker in the interests of these people.

   or when it is profitable.

  These protectors can also turn their faces overnight.

   On Wall Street, this is nothing to worry about.

   "Okay."

  David on the high platform is very satisfied with the reactions of everyone below.

  He took the microphone and shouted:

   "Next, please invite the chairman of Smith Capital. Please give us the warmest applause, and please invite our Mr. Abel Smith!"

   Halfway through his speech, the applause drowned out his words.

  The spotlight came down, and Abel walked up the high platform step by step with a smile on his face.

  David Mellon, like a courtier welcoming the monarch, took a few steps back, bent slightly and handed the microphone up with a smile on his face.

  Abel took the microphone sent by David, smiled and patted him on the shoulder lightly.

   At this time, the latter was still as excited as ever.

   Then he walked to the place where David Mellon was standing just now, and the spotlight on him made him look like a Hollywood actor on the Oscar podium at the moment.

  The main thing is his appearance, in this reception where capital giants gather.

   It's a bit out of the ordinary.

  The height of 1.92 meters matches the face of a handsome Hollywood male protagonist.

   And a fit looking, fit body.

  Many guests were thinking: Smith has this look, even if he doesn't have this talent, he probably can get a job in Hollywood.

"Hello everyone."

   "I'm Abel Smith."

  As Abel's voice came out from the PA equipment, the applause gradually died down.

  Everyone wants to listen to the speeches of the core and soul of Smith Capital.

   "First of all, the data that everyone is most concerned about. David has already said it all."

   "I won't elaborate on this aspect."

  He faced the gaze of more than two hundred distinguished guests.

  The posture is neither humble nor overbearing, neither domineering nor overly modest.

  He looked at the dozen or so giant crocodiles standing in front, and said with a smile:

   "In the beginning, when I came to New York from Tarrant County, Texas. I only had fifty dollars with me."

   Hearing his "fifty" dollar stalk, many insiders curled their lips.

   But he is indeed too good now.

  Even if he knows that his "fifty dollars" is a meme and a fake.

  Informed people are full of admiration in their mouths, no matter how contemptuous they are in their hearts.

"When I first came to New York. I wanted to be a taxi driver because I had a driver's license. I wanted to be a waiter because I found it challenging. I wanted to be a librarian because I loved reading. I I also want to go to Central Park and make a living as a street artist painting."

  Abel followed the character set he built for himself during Smith's storm period.

   There are also think tanks who designed lines for themselves.

  He shamelessly faced the two hundred guests and the reporter hidden among the waiters.

  Using the image of the fictional Abel Smith to explain the "American Dream" and "New York Dream" to everyone.

  Because he wanted to spread the general content of his speech and reception tonight.

   Only in that way can it bring him as much benefit as possible.

   In order to maximize profits, what is bragging about?

   “But one day, I was walking through Wall Street. I saw the Wall Street cow, and I thought it was very affectionate, just like the cows I have at home.”

   "That's right, I raise cows at home. I can also milk cows. I am the third runner-up in the juvenile group of the 137th Tarrant Milking Competition!"

  “When I saw that kind bull. There was a voice in my heart telling me: Stay here, this is where you belong!”

   “I chose to follow my inner voice. I took my only fifty dollars and walked in.”

   "Wall Street responded generously. A week later, I had $100,000!"

   "This is Wall Street, this is New York, and this is America. A country full of freedom, full of miracles, and capable of making people realize their dreams!"

  Under the stage, Ted Lener couldn't help but said to his daughter: "I think this kid might do well if he runs for the election. He's too good at bragging!"

  Fifty dollars, turned into a hundred thousand dollars a week on Wall Street? !

   Who are you kidding?

  Las Vegas has such a one-in-a-million possibility.

  Wall Street, $50?

  Those investment managers will only kick you out!

  Ikana finally couldn't help giving her father a blank look, and while looking at Abel excitedly, she retorted:

   "Don't talk nonsense, Dad. I think he is such a person. There is nothing wrong with him. He is the representative of the American dream!"

  Ikana's rationality actually told her that Abel was just a speech.

  But in her eyes, Abel has a halo bonus.

  In addition, if the numbers just now were converted into cash, the entire hall could be filled.

  Under the double BUFF, what Abel says now, Ikana thinks it is true.

   This is probably because beauty is in the eye of the beholder.

   After all, she is the one who received the most serial pua by Abel.

   It's a bit of Stockholm.

   Ted Lener curled his lips again, and Abel's speech on the stage continued.

  “.When I make my first $5 billion.”

   "I don't think the American Dream can happen to me alone."

   "I want to bring you the American dream, and I want to bring your American dream into reality!"

   "I want to share my success with all Americans!"

   “Smith Capital will be open to the public, and so will my talents.”

   "I want to bring my ability to the whole of America!"

  “I am willing to be an investment manager for all Americans, so that the wages of Americans can continue to increase in value. Let everyone have more money, so that everyone can live in a good house and drive a good car!”

   "Tonight is a start!"

"from now on."

   "Let's suffocate our American dream together!"

   At the end, he raised his right hand high, expressing excitement.

  The guests in the audience, regardless of whether it was true or false, quickly cooperated and applauded.

   Applause filled the sky.

  The reporter among the waiters is already filming with a video camera openly.

   No bodyguards or security guards came to stop them, and the reporters were all excited.

   This Madfak will definitely be big news tomorrow!

  Abel Smith made such a big news when the Smith storm began to quiet down.

  The most happy ones are their group of reporters.

  In fact, Abel’s speech had lines designed by a think tank.

   is aimed at these reporters, and the large number of American readers behind these reporters!

  Otherwise, I really think that the work strength of the rock security.

  More than forty waiters and seven or eight reporters mixed in.

   Some even brought cameras in.

  Can Rock Security really fail to find out?

   It was just to let them in on purpose.

   It is to let them take pictures of the giant crocodiles gathering, and let them take pictures of the "trophies" of Smith Capital on the PPT.

   Let them film Abel's words and speeches of "suffocating for the American dream".

  This time, Abel will not only attract giants like Buffett.

   This time, he wants to let all Americans know about their Smith, and he really wants to make a fortune with them!

   Tonight's scene was improvised by him.

  Then the think tank spent a day thinking up the lines, speeches and steps urgently.

  Currently, it has little effect on the guests at the on-site reception.

   It's not as good as the figures announced earlier, which shocked them even more.

  But the last speech, Abel was originally aimed at, was the audience behind the reporters who were taking pictures.

   It's one thing to be successful, but that's what Abel did.

  Cost is just bragging.

  If he succeeds, he will be able to go straight to the position of the investment **** of the United States.

  The influence among ordinary people may surpass that of Buffett.

Why not do it?

   After suffocating the American Dream, Abel decisively ended his speech.

  Follow-up asked him to blow it again and he couldn't blow it out.

   Those lines are not what he thought.

   As for whether these lines have any effect on ordinary Americans, that depends on tomorrow.

   To the giant crocodiles who surrounded me after my speech.

  He changed his excited look of suffocating for the American dream just now.

   He turned back into the gentle and introverted Anza clan rare handsome man.

   Facing the crowd surrounding him, he cut straight to the point.

   "Just like I said in the invitation letter."

  He said: "Smith Capital is about to start the first round of financing."

   "The earning power of Smith Capital is obvious to all."

   "Here, I might as well tell you directly, my personal first-round valuation of Smith Capital."

   "So how much?"

  Richard Fuld with the hottest character.

  Before Abel finished speaking, he couldn't wait to ask.

  Including Buffett, even George, who is not in the capital circle, looked at him curiously.

  Abel smiled, raised his right hand directly in front of everyone, clenched his fist, and let it go, his five fingers spread wide.

   "500 billion dollars." Abel said softly.

   This number immediately made the giant crocodiles present have a huge reaction.

   Still the bulldog of Wall Street.

  Richard Fuld exclaimed:

   "That's impossible, sir! Five hundred billion dollars? Are you kidding me!"

  In 1994, Lehman Brothers was listed on the New York Stock Exchange through an IPO.

   This year marks the 150th anniversary of Lehman Brothers.

  Its stock price broke through $100 for the first time, and entered the S&P 100 index constituent stocks. It is one of the five or four largest investment banks in the United States.

  Even so, when Lehman Brothers’ market capitalization was at its highest, it did not exceed US$100 billion.

  The other four major investment banks are similar, including Goldman Sachs, most of their market capitalization is between 50 billion and 80 billion US dollars.

  In terms of market capitalization, investment banks have never been the most important in the Wall Street ecosystem.

  Abel’s market value of US$500 billion is more exaggerated than the combined market value of the four major investment banks.

  How did this make them agree?

  Paulson couldn't help but said, "Mr. Smith, you're being wild."

  David Komansky didn't speak. His position in Merrill Lynch was almost lost.

   Morgan Stanley, which is currently regarded as the No. 1 investment bank, CEO Philip Purcell also frowned.

  The other giants, including Buffett, stopped talking.

  500 billion U.S. dollars, which is too exaggerated.

  Abel smiled and said:

   "I want to ask, Lehman Brothers, Goldman Sachs, Morgan Stanley, Merrill Lynch."

   "Four gentlemen, can the combined profits of your four investment banks in the second half of this year exceed US$16 billion?"

  No one answered this question.

   Because obviously it can't.

  The combined total profits of the four major investment banks last year were not US$18 billion.

   There was none for the whole of last year, let alone the second half of this year?

  If there are half of them, it is considered a passing grade. .

   "Should not be, right? Since there is no. As far as I know, the total market value of the four major investment banks is now close to 400 billion US dollars."

   "You who make so little money are worth so much money"

   "Smith Capital, which makes money more than twice as much as yours, why can't it be worth more than you?"

  When he said that, everyone present felt that it made sense. .

   But if you think about it carefully, it is basically a strong word.

   "You can't say that." Philip Purcell said. .

   "Mr. Smith. Whether it's Lehman Brothers or Morgan Stanley or Goldman Sachs and Merrill Lynch."

  “We all have a long history, and the authority, reputation, heritage, customers, traditions accumulated over time.”

   "We have these to support our market value. What's more, we still have assets"

   Philip Purcell was interrupted by Abel before he could finish speaking.

  Abel seemed aggressive at the moment, he said directly:

   "But compared to me, none of you make enough money!"

  At this moment, Abel's behavior.

  Like a real American. .

   In the future, there will be four changes every day, and it will be changed to two changes at 12 o'clock in the evening and two changes at noon during the day. I will adjust it when I have saved manuscripts, and now I have no saved manuscripts.

  (end of this chapter)