Bulgaria in 1927 was already one of the most prosperous countries in the world at that time, and its comprehensive national strength was second only to the British Empire.

Looking at these materials, Ferdinand was very relieved that the data would not lie. From the perspective of economic development speed alone, Britain, France and Bulgaria are now in a period of rapid development.

However, Britain and France are prospering in a false way, and a fake is a fake after all, and it is only a matter of time before the bubble bursts.

Perhaps from the perspective of individual capitalists, the financial industry has the highest rate of return, followed by real estate. The risk of these two industries is relatively small.

Of course, this is only for big capitalists and consortiums. Individuals or small capitalists have to test their vision and luck to enter these industries, otherwise they will be ready to be swallowed up!

Ferdinand was deeply touched by this point. Only after entering this rank did he know what was going on in the capital market in this era.

For those who made their fortunes from stocks and became the richest man in the world, he can only say that they have not woken up!

Invention and creation can indeed make you rich. The premise is that you have the ability to protect rights all over the world and kill piracy in the cradle. Otherwise, just sell three melons and two dates.

For patents such as adding an eraser to a pencil, or designing a pencil case, if you are lucky, you can sell it by fooling people. Plagiarism should not be too simple.

For any products that can be produced by family workshops, don’t talk about patents. It is impossible to protect rights. Didn’t Ferdinand’s first department store supermarket only charge symbolic patent fees?

This is because of his family background, to save face, remote areas don't even have meaning.

Compared with the large investment in the real economy and the slow effect and low return rate, the financial industry in this era can indeed be called huge profits.

Conventional operations, doubling profits every year in the capital market, are not a problem for Ferdinand. In the real economy, if there is a profit of 30 to 40%, it is a huge profit industry.

Ferdinand hasn't done nothing over the years. Influenced by his previous life, he had seen many traversers explode with patented technology, so he naturally followed suit.

For example: I heard that selling silk stockings made billions of dollars, and then in 1921, Ferdinand made people come up with nylon stocking technology.

After it was put on the market in 1924, the effect was really good. It was snapped up by women and made a small profit.

What about billions of dollars? Why in more than three years, his total sales were less than 300 million levs, and he didn't even sell 100 million US dollars, so was the rest embezzled?

Forget it, after all, the market is limited now, and the number of people in the world who can afford it is limited. He knew it in advance, and then Ferdinand came up with penicillin.

Considering that the pharmaceutical industry is the most profitable and has a wide audience, this must be a huge profit.

That's right, this invention is really profitable, with a profit rate of more than 300%, and the net profit obtained every year is several hundred million levs.

Did Ferdinand get rich with these inventions?

The answer is up!

But it is not by opening a factory to make money. Register a leather bag company in London, authorize the overseas production rights of these patented technologies to this company, and then build a factory to produce and sell it. After occupying the British market, it is then listed in London.

Next, fry up the company's stocks and slowly cash out. This is a legendary high-quality enterprise, which has a large amount of income every year, and with the development of the economy, the income will increase significantly.

Of course, the stock price went up again and again. A factory with less than 2 million pounds in factory building plus machinery and equipment, under a series of operations, turned into a giant with a market value of more than one billion pounds.

Ferdinand can be regarded as a man of integrity. After all, this is a high-quality enterprise. The annual profit of three to five levs is only more than one hundred times the market operating profit.

Anyway, as long as there are no problems in operation, pharmaceutical companies will not go bankrupt. If you are lucky and develop a few new drugs, won't everyone make money?

And Ferdinand just advanced the profits of the enterprise for the next few decades,

Wait until the stock market is at its highest price to sell the business.

When the economic crisis broke out and the stock price of the company fell, he bought it back again and continued to play.

Is it possible that there will be no financial crisis in the capitalist world for decades?

Obviously it doesn't exist, so the game can continue to be played. Anyway, the patent is only an exclusive authorization.

Isn't it liquidated damages? It's already prepared in the contract for small problems.

Whether it's cheating people or making money, anyway, the laws of this era are imperfect, he is legally "making money!"

How to do it depends on his integrity. Generally, everyone will not do it all at once, and shearing must also be done slowly.

Only by allowing the stock market to fluctuate continuously can we maximize the benefits, and the harvest must be boiled in warm water to attract newcomers.

If no one trades, a certain stock is likely to stop at a certain position without major fluctuations for a long time.

In short, when the market is good, that is hello, me, hello, everyone, even if the dealer is harvesting, the overall price is still rising.

When the sheep are fattened up, the economic crisis will almost come, and they can be slaughtered. Any problems that occur at this time can be pushed to the market environment.

If it’s a little darker, just use other people’s companies to go public, earn a few points of commission as a securities company, and then use the inside information to make time difference to make money.

Ferdinand is a good man, he basically doesn't play stocks, except in the big harvest season, he usually doesn't do anything.

After all, compared with these low-level methods, banks are even more profitable. Using other people's money to make money is the best choice.

This is also why, after so many years, there are at most three or four similar companies established in other industries, and the number of banks has exceeded three digits.

As big as the Royal Bank, it has tens of billions of levs in assets and controls hundreds of billions of levs in industries, and its influence has spread to major countries in the world.

As small as a local bank, its assets are only a few million yuan, its influence is only a city, and it may go bankrupt at the slightest sign of trouble.

In this era, the average lifespan of companies around the world is less than five years, and the average lifespan of companies that are brave enough to expand and innovate is even less than two years.

And the more chaotic the situation, the shorter the average life expectancy of enterprises in regions with backward economic development, and vice versa.

According to the survey data, the proportion of family businesses in Bulgaria is the highest among all developed countries in the world, and almost 95% of the businesses are inherited by the family.

Similarly, the average life expectancy of enterprises in Bulgaria is also the longest in the world. As of 1927, the average life expectancy of enterprises was 25 years.

If it is said in the previous life that the family business has an average life expectancy of no more than 25 years, then the largest wave of bankruptcy in Bulgaria's history is about to come.

Well, Ferdinand didn't take this legendary curse seriously at all. Even if the average lifespan of a family business is only twenty-five years, it's much better than the average lifespan of five years.

These average figures are actually nonsense. For example, the average life expectancy of British companies is only 4.5 years. Is the UK plagued by bankruptcies every day?

With an annual bankruptcy rate of more than 20 percent, the London government has to worry about death?

The answer is simple. Most of the bankrupt companies are leather bag companies. Many companies have done one business or two businesses from registration to bankruptcy.

As the base camp of capitalists, the leather bag companies of the British Empire are naturally indispensable. The ultra-low lifespan of these companies naturally drags down the average lifespan of their companies.

In Bulgaria, the regulations are stricter. If a company wants to go bankrupt, it must be checked inside and out. Naturally, there will be fewer leather bag companies.

Compared with small and medium-sized enterprises, the average life expectancy of large enterprises is more telling. This data makes it difficult for statisticians. Bulgaria has not yet bankrupted a large enterprise. How should this be calculated?

Looking at this figure, Ferdinand didn't know whether to be happy or worried. The speed of accumulating capital through manufacturing is too slow. Since his succession to the present, few large enterprises have been born in Bulgaria.

In addition to government enterprises, or royal family enterprises, the few large enterprises that have grown up independently are all experienced masters. How could they go bankrupt easily?

After all, Bulgaria has only been established for a few decades. Even with 30% super high profits and continuous development, the assets after five years will only increase by 2.7 times.

During this period, it is impossible for you to have no personal expenses and invest all in expanding production. The market is not so good, and inflation must be taken into account. Entrepreneurs who can double their assets in five years are all successful companies. home.

Starting from a small factory with tens of thousands of levs in assets, you can double it however you want. In the 40 years since Ferdinand took over the throne, even if your assets have increased 256 times, you still haven’t touched the threshold of a large enterprise?

As for the capitalist who is rich and powerful, he is the king of the whole Bulgaria.

A small country that just got rid of the rule of the Ottomans has been purged of the interest class. How can there still be big capitalists?

Looking back, after the outbreak of the Russian Civil War, the Russian capitalists who fell here were affected by the depreciation of the ruble. How much money can they have?

As an outsider, wouldn't it take time to develop? If you want to build a large-scale enterprise in just a few years, you also have to defeat the endless competitors?

The mine owner who is the easiest to make a fortune, unfortunately, since Bulgaria and Russia signed a trade balance treaty, the mines in the Balkans have been closed one after another, and even if they have not closed, their production has been restricted.

Either sell the mine to the government at the market price, or keep it until the policy is released, and then continue to dig!

There is no way to calculate the average life expectancy of large domestic enterprises, and no one knows when they will go bankrupt. It is obvious in foreign countries.

The average lifespan of a large business in the UK is 28 years, which speaks for itself.

There is no doubt that these long-lived companies, most of the industries under the consortium, have a long life with deep pockets.

Together with the family business of the great aristocrats, century-old companies get together, but these companies are slowly growing, and they were very inconspicuous before, and were even ignored.

For example, the wine produced by Ferdinand can be declared as a time-honored brand. Although it has not been sold in the market before, the winery has indeed been passed down for several generations.

Now that it has grown and grown, Ferdinand directly announced that this is a time-honored brand that has been passed down for more than two hundred years, and there is nothing wrong with it. The Gotha family also had a wine estate two hundred years ago.

Now it is also the largest wine producer in the world, and it has put on the signboard of the royal family. It has been a high-end product from the very beginning when it entered the market.

Inheritance and inheritance, history and history, humanities and humanities, all of which are in place, even if the business is not well thought out.

It's a pity that in order to keep the brand, the supply has to be limited, otherwise the royal winery is too worthless, why can it get the world's number one wine brand?

What is sold is no longer wine, but taste! As for the taste, as long as it is not inferior to others, it is fine, the same taste, but with a different brand, that is a different price!

Even if the origin of the raw materials is in the Balkans, the winery has only been established for a few years. Since it is drunk by the king, it must be a high-quality wine.

Seeing Ferdinand thinking wildly, Constantine said nervously, "Your Majesty!"

Seeing that Ferdinand didn't respond, he raised his voice and shouted, "Your Majesty!"

"Well, what's the matter?" Ferdinand asked back

Knowing that his thoughts went astray just now, Ferdinand still didn't mean to apologize at all, anyway, this wasn't the first time.

"Your Majesty, you are so engrossed, what's the problem?" Constantine asked

"No, I'm just a little bit emotional. The British have such a strong foundation. They are so prodigal and they haven't lost their vitality!" Ferdinand said casually with an excuse.

"Your Majesty, the British have already lost their strength. Since the outbreak of the Southeast Asian rebellion, the British have drawn nearly 300,000 troops from the mainland, and one-third of them have already died.

Coupled with the Afghan battlefield, this loss will be even greater!

When this series of wars is all over, they will have to pay at least hundreds of thousands of casualties, and among them, the purebred British will have to die at least 40,000 to 50,000!

I heard that the death rate in Southeast Asia is very high. It is not easy for those scattered troops to survive in the jungle!

In addition to casualties, there are also huge war expenses. London has already spent nearly 400 million pounds, and it will cost at least that much when things are over.

One year's fiscal revenue is lost just like that, and the financial situation of the British government is not that good. Their debts are probably not much easier than the Russians! "Konstantin said with a smile.

Ferdinand nodded. Refueling tactics are the most costly. If the Southeast Asian rebellion broke out and the British took action, it is estimated that the rebellion would have been quelled long ago.

Or after the outbreak of the Indonesian rebellion, the colonial government raised its vigilance, and there were not so many troubles.

"Well, let's put aside the matter of the report first. Next year's budget meeting can start. We should finalize the budgets of each department as soon as possible, so that we can prepare early so as not to be caught off guard in the end!" Ferdinand thought for a while and said

"Yes, Your Majesty! Next year's budget meeting will start in three days, and we can come up with the final results before Christmas!" Constantine replied

"That's it!" Ferdinand said wearily.

...

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