Investment Life

Chapter 46:

In today's European continent, new changes are being carried out vigorously. The European Community, which has been established step by step after World War II, is seeking a closer way of cohesion. The framework adopted in 1991 has replaced the former, and the European Union framework has been established. After the collapse of the Soviet Union at the end of 1991, affected by the drastic changes in the world pattern, the development of the European Union also entered a period of high-speed operation. The new generation of European continent regains its glory, and goes hand in hand with the powerful United States, and even far surpassing each other seems to have become the best dream of European leaders.

But the most critical European economic and monetary system in the EU treaty is not as perfect as their ambitious plans. The extremely complicated European exchange rate mechanism has become a typical case of serious out of control of financial engineering in human history. From 1979 until the birth of the euro in 1999, the European exchange rate mechanism suffered a total of 18 adjustments, affecting 56 central exchange rates. Also caused two amazing currency crises.

In this rare exchange rate adjustment in the world, international money market funds led by hedge funds have become the most terrible enemies of European governments. Using the loopholes of foreign exchange mechanisms, financial giants have launched fierce attacks around the changing Europe. The lucrative chunks of profit that have been torn apart have gone into the pockets of these financiers. In 1992 alone, Soros alone obtained a huge wealth of more than 2 billion US dollars, and the British government lost more than billions of pounds in the offensive and defensive battle of the pound exchange rate.

But the crisis is not just the one in 1992. Unlike most people know, these bloodthirsty financiers have not stayed away from European markets. Only 11 months later, in August 1993, the second exchange rate mechanism crisis occurred. The main targets of this crisis are the French franc and the Italian lira. Unlike the previous pound crisis, the hedge fund in 1993 concealed its sharp minions, annihilating the situation under the hidden flow, and the movement of money was as quiet as water.

If you really want to choose your investment direction, then this exchange rate crisis is the biggest opportunity in 1993. In Chen Yuanming's memory, the one who made the most profit in the European market this year is the founder of the tiger fund. It's only early June, and there are still two months left until the real start of August. During this period, building a new private equity team and gathering larger funds is Mr. Robertson's top priority.

And Chen Yuanming's bond operations in the European market are not just to make profits, but more importantly to attract winners who can win in this battle. His current assets are only over 30 million US dollars, which is worthless to mention in the hundreds of millions of foreign exchange wars, and the complexity and variability of the foreign exchange market is not something he can start to grasp immediately, so he acts bravely. It's better to take advantage of the winner's Dongfeng and wait for the rich earnings to be recorded.

Now that the other party has lifted the veil of hypocrisy and revealed sharp fangs, he naturally enjoys being kind and enters this financial feast.

He smiled and nodded, and Chen Yuanming's non-standard American pronunciation brought a touch of interest, "Everyone admires Soros's achievements, doesn't he?"

Mr. Robertson sitting opposite frowned slightly. In his mind, his Tiger Fund was not inferior to Soros's Quantum Fund, but the British pound sniper won too much reputation for this guy, which made him invisible. Ranked second.

Just as he was about to say something, the boy on the opposite side turned his head.

"However, I am more optimistic about the stable style of the Tiger Fund in recent years than the Quantum Fund. What I need is not glorious power, not glory for a country to bow down to, but real profits and victory. There is a saying in China, There are no tigers in the mountains, and monkeys are called kings. The tiger itself does not need to show off, its strength means everything. "

This sentence came out. Even Mr. Robertson, who has always maintained a courteous smile, laughed loudly. For him, he had heard a lot of exaggeration compliments, but this Chinese boy's words justified his heart. The most proud and confident thing. In the financial market, only victory is everything. Being a financial crocodile who can change the political situation of a country, it is tempting to stand under the neon lights, but it is not his business. Covertly attacking, fierce predation should be the style of a large cat like the tiger.

With the laughter, the atmosphere in the conference room immediately became intimate. In Robertson's philosophy, partner money is not the most important, and spleen and temperament is the key. After all, a hedge fund is not an investment bank business. Its concealment and small-scale nature mean that the cooperation groups need to be more closely connected, and an excellent partner is often more important than a huge capital injection. Although the young man looks young and amazing, he already has the basic requirements for a qualified financier. If you look at the long-term concept of holding potential stocks, investing in such people is a profitable business.

With such an idea, after a detailed discussion, a secret agreement was reached. Chen Yuanming, the new partner of the Tiger Fund, invested $ 30 million to participate in the next sniper operation against the European foreign exchange market. After the operation is over, you can collect funds and withdraw the fund. This kind of short-term partners in hedge funds is not without, but after all, not many. When Mr. Robertson asked about this and his views on future European bonds, Chen Yuanming just smiled and shook his head.

"I still have some important things at hand to use this money, and the European bonds are now overheating. Although I have not personally experienced the disaster of 1987, the hidden danger caused by too much international hot money is still alarming. The current European market is not necessarily repeating the situation of the year. So I am not optimistic about the European bond market next year. "

Robertson frowned slightly. He had personally experienced the terrible scene of the "Black Monday" in 1987, and he could not understand the disastrous consequences of the stock market crash. But now it is only the middle of the year, and the influx of funds from the European bond market is far from being saturated. This young man dared to evaluate the trend next year. Should he be too bold or cautious?

However, since the other party does not intend to do long-term, barely meaningless. There were no more provisions and agreements, and the deal was negotiated after the two men shook hands again. The next day, 30 million yuan of funds will be transferred to Mr. Robertson's account, and the richer profits will fall into Chen Yuanming's pocket in the near future.

After talking about the business, at the invitation of the other side, the two enjoyed a steak meal of hundreds of dollars in the well-known restaurant "Smith & Warensky" steakhouse on the Third Avenue in New York. This time there is no business back-up, the topic seems relaxed and casual, and Chen Yuanming has also listened with interest to a lot of news about Wall Street and those that are not well known. For this great financial empire, what he knows is true Too superficial.

However, Mr. Robertson did not discriminate against him because of Chen Mingming's ignorance. On the contrary, the impression was different from the first sight. The Chinese teenager showed a very interesting financial idea. Some of his ideas were not like the old-school Wall Street elite. They are so old-fashioned, with something very new. Perhaps these ideas are a little too fashionable for Wall Street today, but they may not be realized in the future.

This "simple meal" actually achieved the expected goal, and the original rusty relationship had made great progress. After polite farewell, the three left the vocal restaurant and drove the Land Rover Defender back home. After entrusting the funds to the Tiger Fund, Chen Yuanming's short-term layout on Wall Street has been completed, and the rest is simply given to Song Kaiwen and let him be responsible for continuous follow-up.

The profit ratio obtained by this investment may not be as exaggerated as that in the country. After paying up to 20% of management fees, it can get a maximum of 6,70% of profit returns, but it is still not to be underestimated for the capital base. In the current Chinese stock market, it may be very easy to invest 30,000 to 100,000 to earn hundreds of thousands, but to invest 100 million, the size of the disk has not been able to accommodate such a huge amount of capital, regardless of which Stocks, this is a number that can become a bookmaker. It is already quite difficult to earn 100 million with 100 million.

auzw.com But in the United States, it ’s not uncommon for such high investments to yield higher returns. The business giants' disks have unimaginable capacity and growth potential, and the profits of dividends sometimes far exceed the profits of short-term investments. Therefore, as Warren Buffett said, buying the best stocks and holding the long-term is the best profit model. However, this huge investment is not what Chen Yuanming can do today. He is too short of money. How to use short-term activation to expand the scale of funds is the most important thing now.

Only slowly, step by step ... After discussing the remaining details with Song Kaiwen, Chen Yuanming walked back to his bedroom. Through the still smooth glass wall, he looked to the splendid concrete jungle in the distance. In his heart There is an indescribable emotion. Nowadays, it is just a dragonfly who can glimpse the power of money under Wall Street. So in the near future, can he stand on a similar starting line with these giants?

In the next few years, there will be so many thrilling events and so many mouthwatering opportunities. This is an era when financiers move the world, defeat the government with one hand, and manipulate the economic lifeline. He just hopes that before that day comes, he will have more abundant capital and do something more worthwhile ...

The author has something to say: I did not find enough information about the foreign exchange war in 1993. I just know that the Tiger Fund made a lot of money this year, so let ’s assume that it was made here>

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In addition, thank you friends for dropping mines in the past two days. I thought I had only licked it! Hold on hard to kiss ~~

Simply threw a mine

A tassel dropped under the moon

Slowly the pig threw a mine

Jojo threw a mine

Soup threw a mine

pacificple threw a mine

Cola threw a mine

Guoma threw a mine

Wuwu threw a mine

Throw a mine like a wind attack