My Age of Investment

The failure to sell the building made Wang Wang feel a little annoyed.

As a business tycoon who has had several ups and downs and invaded the real estate industry for decades, Tang Wang has already smelled something wrong in the housing price trend in recent years.

He wanted to take advantage of the current high housing prices to sell the building and lock in the investment profit first.

If the housing price drops in a few years, he will buy the building back at a lower price.

This in and out, don't be too happy to make money.

However, Xia Jingxing didn't want his mansion, so he couldn't forcefully buy or sell it.

He tried to make one last effort: "Daren, in you, I see the shadow of my youth. As a person who has experienced it, a businessman who has fallen, I must give you a piece of advice."

Xia Jingxing held back his laughter, the shadow of his youth, he knew whether the king was flattering me, or putting gold on his own face.

Ivanka didn't interrupt, just looked at Xia Jingxing with a smile.

At this time, when he heard that his father had committed an old problem again, he couldn't help but glance at his father with his beautiful eyes.

Knowing that Wang didn't know it, "Daren, don't think I'm joking, tell you about our family history and my entrepreneurial experience.

My grandfather opened a hotel in Canada 110 years ago, so he is considered a small businessman.

My father built houses in Queens and Brooklyn, New York in the 1920s. He is probably a well-known real estate businessman in New York.

And I know the king, and I have passed the business they passed on to me all over the world..."

Knowing Wang Balabala introduced a lot of glorious histories of the family, and then emphasized his own actions.

“When I was three years old, I started learning about real estate from my father negotiating with clients;

At the age of ten already knew how to build a house;

At the age of 25, I earned the first million dollars in my life, which was in the 1970s;

When I was 30 years old, I made my first billion dollars in my life..."

Xia Jingxing felt a bit of a headache when he saw the king talking endlessly, and it was not easy to interrupt him, so he could only let him brag.

Knowing what Wang said, you can only listen to it as a joke, nine parts are false and one part is true.

For example, his grandfather did run a hotel,

It's just that the hotel also provides special services.

The first pot of gold that Wang Wang earned was also provided by his father with a start-up capital of 1 million US dollars.

After finishing what he wanted to say, the understanding Wang spread his hands, tilted his head, and said very funnyly: "It's a pity that there was no Internet at that time, otherwise I might be like you, Darren, who became a millionaire in his early twenties. millionaire."

Xia Jingxing applauded, "It is a very inspirational life experience. It is admirable to understand that Mr. Wang has encountered so many bankruptcy crises, and he has successfully stood up every time."

Knowing the king is like a proud rooster, with his head held high, "So let me say, I see the demeanor of my youth in Daeron, the same excellence and wisdom."

Xia Jingxing could say nothing but nodded.

Seeing that Xia Jingxing agreed with his point of view, King Wang became even more motivated and said, "Dai Lun, do you know how I went bankrupt when I was young?"

Xia Jingxing shook his head very cooperatively.

Knowing Wang Chang sighed, "Young and energetic, you are too reckless, you put all your eggs in one basket."

Looking at Xia Jingxing, he understood Wang Yu and said earnestly, "Dai Lun, I'm afraid you have pledged a lot of Facebook shares to invest in the Wall Street financial market, right?"

Xia Jingxing smiled, neither admitting nor denying it.

Knowing Wang didn't take it seriously, and continued: "Wall Street is a big casino, and I run a casino myself, so I am very aware of the risks of this game.

Therefore, I suggest Daren that you allocate some fixed assets.

The house is placed there, it will not run away with long legs, and it can be used as a backup capital just in case.

If the financial market loses, it may really turn into a negative number. "

Xia Jingxing understood. He understood that Wang was beating around the bush so much, but he was still holding on to his previous goal - to sell houses.

"I understand Mr. Wang, if you switch to Wall Street, there will definitely be a place for you on this street."

Knowing Wang nodded without humility, with a serious look on his face, "Yes, I have no doubt that I have such abilities, but the inheritance of the family business has slowed down my pace.

Otherwise, the four major investment banks on Wall Street may become the top five investment banks. "

Xia Jingxing laughed out loud, and Wang Dong also laughed along with him.

Chatting with Wang Wang is a lot of fun. If he is not a businessman, he may be a good comedian or talk show host.

Xia Jingxing suddenly remembered, isn't Wang Wang an actor and host? He has participated in more than 40 Hollywood movies, played a role in "Home Alone", hosted the variety show "Apprentice", and held a beauty pageant contest...

Knowing Wang is very good at creating momentum for himself, showing his face everywhere, looking for opportunities to increase his reputation, and dare to boast a billion with only 100 million assets, the purpose is to obtain greater commercial benefits for himself.

"Daren, don't rush to answer me. You should carefully consider my suggestion. These are all based on my 40 years of experience in business."

Knowing Wang looked at Xia Jingxing arrogantly, "If I hadn't hit it off with you, Dai Lun, I would never have given someone a good idea worth hundreds of millions of dollars for free."

Xia Jing was having fun, knowing that Wang has such a thick skin, there is nothing he can't say.

"I think we can talk again about the building deal if installment payments are acceptable."

Knowing Wang was stunned for a moment, then shook his head again and again, "Dailun, when I do business, I always pay in one lump sum, and I never have the habit of paying in installments."

"Oh, that's right, that's a pity."

Xia Jingxing nodded, as if I understood you very well.

Knowing that Wang glanced at Xia Jingxing, he muttered in his heart, his wealth ranking is higher than mine, so it is impossible for him to be so poor.

"Daren, you have a good relationship with Goldman Sachs and Morgan Stanley. You can ask them for help and use financial leverage."

Wang Dong was unwilling to give up on this deal, so he began to offer advice to Xia Jingxing.

Xia Jingxing understood what Wang meant, which was to find two investment banks to obtain a bridge loan, and after the building was transferred, it would be mortgaged.

However, it is impossible for this transaction not to pay a penny of his own money.

The funds in his hands are very precious now, so it is impossible to use them to buy a building.

"If Mr. Wang is willing to make concessions on the payment method, the price can be negotiated."

Xia Jingxing looked at King Wang with a smile, and suddenly he had a plan in his mind.

Knowing the king was silent for a few seconds, and asked: "Do you accept the price of 700 million US dollars? If you accept it, we can continue to talk."

Xia Jingxing raised his eyebrows, "My payment method is to issue an IOU first, and pay it off after three years."

Knowing Wang pursed his lips, his eyes rolled wildly, as if he was thinking about the risks of this transaction.

After thinking about it for too long, Knowing Wang replied, "Then I will transfer the ownership of the building to you in three years."

Xia Jingxing's attitude was firm, "That won't work, after signing the contract, the building must be transferred to us immediately."

Knowing Wang replied, "In the past three years, the house price has risen, and the profit margin belongs to you. I will not change the price of the building."

Xia Jingxing chuckled, "This is the most basic condition in the contract. Is it possible to re-evaluate the delivery after three years?"

Knowing the king thought about it for more than a minute, and said: "Then you must mortgage something worth 700 million dollars... Oh, no, give me something worth a billion dollars."

"Okay, no problem, I will pledge the shares of the oil pipeline to you."

Knowing Wang shook his head, "No, the business and financial situation of such a small company are unstable, and the valuation can't explain anything."

"Hey, how's Facebook's revenue?" Wang Dong suddenly looked up at Xia Jingxing.

"Revenue exceeded $500 million last fiscal year and is expected to exceed $1 billion this fiscal year."

Knowing Wang frowned, "Based on this level of revenue, the valuation is 25 billion US dollars? Is Facebook profitable?"

"It's not profitable yet, but it's only within a year or two."

Knowing the king is a bit uncertain, he has always cheated others, and he is a little worried that he will be cheated by the kid in front of him.

He looked at Xia Jingxing with a smile, trying to see some flaws in the latter's face.

Xia Jingxing also looked at Wang with a smile. He pledged 20% of his Facebook and YouTube shares to Morgan Stanley, and Yang Niu also pledged 10% of his Facebook shares to Goldman Sachs.

The pledge rate of Facebook, an unlisted and unprofitable company, has accounted for 30% of the total equity.

He negotiated with people from two investment banks and wanted to borrow more money, but the people from the two companies told him clearly that the pledge rate was too high. After all, it is not a listed company. It will be approved and approved for a loan to him again, unless there is another round of growth in Facebook's profitability or valuation.

He also consulted outside investment banks. When they heard the 30% pledge rate, they all retreated. Those who are willing to lend are only willing to give a pledge ratio of 10% to 20%.

Therefore, Xia Jingxing's interest in taking out a loan gradually faded away.

Until today, I met the King of Knowing.

"Facebook is valued at $25 billion, right?"

Knowing Wang said lightly, "You pledge 6 points of equity to me. The market price is 1.5 billion US dollars. My building is worth 700 million US dollars. The pledge ratio is close to 50%. This is a relatively reasonable figure."

After thinking about it for a while, Xia Jingxing replied, "Yes."

Knowing Wang looked at his daughter.

Ivanka read her father's meaning and began to express her opinion.

"The value of equity in non-listed companies is not relatively stable like real estate and vehicles, but is constantly changing.

Moreover, as a non-listed company, the financial status, operating results and cash flow are often only known best by the actual controller.

Therefore, before signing a formal agreement, we must conduct some due diligence. "

Xia Jingxing nodded, "This is the proper procedure, no problem."

Ivanka continued: "In the post-mortgage management work, we will pay attention to every move of Facebook, understand the dynamics of the company and its senior management, whether there is any breach of contract, violation of regulations, negative news, and whether there are any major adverse changes in operations or investment.

If an abnormality is found, we have the right to declare the debt to be due in advance, to request early repayment of the debt or additional guarantees, or to increase collateral, etc. "

Xia Jingxing nodded again. These procedures were exactly the same as those of Goldman Sachs and Morgan Stanley, so he didn't dare to take too many loans from several investment banks. It was no joke to encounter loan draws or set up debt traps.

He has always maintained sufficient vigilance against investment banks that are leading in profit.