"What kind of request?" Chen Zhiwen nodded and said.
"We can help you plan the acquisition of Disney this time, but you also need to use your good investment vision to give us certain benefits, how about this?" Jason Morgan said with a smile.
"That's fair." Chen Zhiwen replied: "However, I want to make one thing clear first. In acquiring Disney, you are not the only one who can act as the investment bank in the middle, the Morgan family. Goldman Sachs and Lehman Brothers can also do it. No matter how you put it, this is This kind of acquisition is one of the main businesses of all investment banks. If they can do it and the time and cost are lower, then I can still choose them. Therefore, this matter does not count as your helping me. Unless your offer is much lower than Goldman Sachs or other investment banks, then that counts.”
To acquire large companies in the United States, you do need to rely on large investment banks in the United States, but this is different from requiring investment banks from Morgan. This is obviously not help, it is purely business cooperation. As long as the benefits are big enough, it will be the same with anyone you find. The influence of the Morgan family in the United States is indeed huge, but Goldman Sachs, Lehman, Merrill Lynch, etc. are also similar. They are all major investment banks in the United States. Who doesn't have two skills?
"There will naturally be discounts in terms of price." Jason Morgan said naturally: "This is also the core of our cooperation. We will invest in some areas where it is not convenient for you to invest. After success, if we also cooperate in other areas, then naturally we can I’ll give you a higher discount.”
"That's okay, but the problem is that there is no investment in this world that can quickly obtain a large amount of returns within a few months. Even when I invested in Apple, I only received high returns after a few years. Financial As for the market, it is unlikely that there will be an overall short-term surge, and there will be a sudden collapse, but this kind of economic crisis may only happen once every ten years or more on average. Even if I say it, do you dare to invest a lot of money in short selling?" Chen Zhiwen said with a smile.
He will not tell others about the projects with high income returns in cooperation with this kind of consortium, because these projects themselves are small asset investments and cannot accommodate his own funds, so how can he tell others? What can be informed are the future trends of super huge markets, such as some commodities, stock markets, foreign exchange, etc. However, except for Japan's Hiroshima Agreement, others will take a long time to take effect.
As for the U.S. stock market, there was an opportunity in 1987. Large-scale short selling of the U.S. stock market was a taboo for ordinary people, and it was easy to be targeted by financial regulatory authorities. Big consortiums may dare to do this, but the risk of doing such a thing is too high. , once you make a mistake, it will be too late to stop, and you will face a huge loss. Even a large consortium like Morgan may not dare to play big.
"Short-selling is only suitable for small hedge funds. We don't do it. However, if it is feasible, we will recommend it to our clients appropriately." Jason Morgan said: "Relatively speaking, we I prefer to follow the general trend and make more convenient profits.”
As investment banks in the United States have developed to this day, in fact, most of them do not use their own funds, but those of their clients. In this way, if they win, they get a commission, which is usually 25% of the profit. If they lose, it is the client's loss. Investment banks are not responsible.
This is also a lesson learned from blood and tears. No matter what investment bank or powerful investor, they have won dozens of times, but if they lose once, they may return to zero overnight.
Of course, the premise that this kind of gameplay can continue is that investment banks can bring profits to most customers. If they lose money occasionally, ordinary customers will not care. On the contrary, if they lose money frequently, they will immediately fall into disgrace.
"In this case, I recommend one, junk bonds. You should have heard of them, right?" Chen Zhiwen thought for a while and said.
Investment and speculation, many people like the latter because the money comes in very quickly, but really steady people will choose investment because the risk is small and the ceiling is much higher.
The most powerful speculator in later generations is Soros. This man attacked the British pound in the 1990s and made 1 billion pounds overnight, which shocked the world. He later attacked the Mexican peso and set off a financial crisis in Southeast Asia. Although there was huge US capital and the US government behind it. , but on the surface, he is using one person to fight against multiple sovereign countries. With his majestic reputation, the financial market can be said to be unprecedented and unprecedented.
But in the 21st century, the asset statistics are less than 1/5 of Buffett's, and even many other long-term stock market investors have higher assets than him. Maybe Soros has hidden assets, but who among the big capitalists doesn't?
Unless you are like Chen Zhiwen, who grasps historical nodes very accurately, you can make a lot of money by relying on gold or the Plaza Accord, but in the long run, it is still not as good as long-term holding of stocks such as technology companies and Wal-Mart.
If you want to make money stably in the long term, you still have to invest steadily, except of course, A-shares in later generations.
"Junk bonds, you mean this market has a big future?" Jason said steadily.
"Yes, I think this is very promising. If it's specific, you can study it carefully and decide whether to invest or participate." Chen Zhiwen said with a shrug.
"Why do you see that?" Jason asked. He naturally knew that junk bonds were a special product of the American financial market in the 1980s. In the previous decade, two oil crises led to an economic downturn, and bank loan interest rates increased and The contraction of credit, coupled with the severe decline in the business of many companies, has led to a sharp reduction in the ability of a large number of companies in the United States to repay their debts. Therefore, in order to avoid risks, Wall Street banks packaged these bonds for sale on the market, with very low values.
If these companies go bankrupt, the income from these junk bonds will return to 0, but if they survive and are able to repay, the income will rise sharply, the profits will be high, and the risks will be high.
"Because I am very optimistic about the future economy of the United States, I am willing to invest in retail stores on a large scale in the United States. This is also why." Chen Zhiwen said.
The financial principles here are too complicated for him to explain, but in the final analysis, junk bonds were successful because the U.S. economy recovered on a large scale in the 1980s. In the 1980s, several Wall Street elites took a fancy to this market and earned hundreds of millions or even billions of dollars from it.
"What you said makes sense." Jason Morgan did not continue to ask. A general reason was enough. If it really involves a very professional analysis logic, it is impossible to tell outsiders. Inside Wall Street, for A lot of effort has been put into economic forecasting, such as purchasing large supercomputers, launching satellites to grasp real-time information on the global market, recruiting a large number of university Ph.D. talents in mathematics, etc., in order to calculate economic development trends so that investments can be made accurately. These are top-secret data from Wall Street investment banks.
"There is also the current sovereign debt crisis in South America. Behind you is the US government. You can consider buying these bonds." Chen Zhiwen added.
"Bonds in South America? If these countries go bankrupt, they will lose all their money. If you are optimistic about the U.S. economy, are you also optimistic about theirs?" Jason asked with interest. These investment projects provided by Chen Zhiwen are all One characteristic is that it is large enough to invest massive amounts of capital, which is in line with the goals of large consortiums.
The income from a small investment can be increased tenfold, while the income from a super large investment can only be increased by 30%. If you choose one of the two, the big consortium and fund will definitely choose the latter. This is a size issue.
"Not very optimistic, but they are all large-scale countries. It is true that the economy is temporarily poor, but it cannot continue to be poor. We all know that the current debt crisis is due to the high interest rates in the United States causing the U.S. dollar to return. When the U.S. economy Well, if interest rates are reduced, these funds will still be returned to other countries for investment. Besides, the agriculture and mineral deposits of these countries will not be much worse," Chen Zhiwen said.
"We have actually considered these, but we have never found a suitable time to start. Since you are also optimistic about Eric, how about we work together?" Jason thought for a while and said.
As the top investment bank in the United States, they are also aware of these potential investment projects, but knowing about it is one thing, and when to make a move or withdraw is another matter. Just like the previous rise in gold, the Morgan family also I participated, but the time of withdrawal was still miscalculated. Although I made a lot of money in the end, I still did not get the highest profit.
Chen Zhiwen also invested tens of millions of dollars in Morgan Stanley to speculate on gold before, and the timing of his move was very accurate. Although gold had been rising before, the increase was very slow and had no investment significance. After that, it began to rise rapidly. , the withdrawal was even more precise. All investments were withdrawn one month before the highest price reached, and the net profit was close to 500 million US dollars. It can be said to be a textbook template in the history of investment.
Coupled with Chen Zhiwen's success in other fields in the past two years, everyone in the Morgan family finally recognized this person's keen judgment in the investment and technology fields, which led to this cooperation. However, this is the first cooperation. It's better to be together.
"Investing in the bonds of sovereign countries with economic problems like this is too risky for me, because these countries may turn against me and disown me. If this happens, I have no choice." Chen Zhiwen shook his head and said. This is true. Although the economies of some countries in South America will recover in the future, many sovereign debts will still be abandoned. He will not participate in such a thing. It is purely thankless, but for major American investment banks, this is the case. The risk is not high. If the South American government doesn't pay back the money, the U.S. government will step in.
In fact, sovereign bonds are also bought by many ordinary people and ordinary investment companies. However, when a sovereign country has problems, these investors can only sell these bonds at a low price in order to recover their funds early or avoid losses. Those who take over the project are all people with backgrounds, including European and American government backgrounds, otherwise they would be seeking death.
"We invest together and the returns are proportional. As long as South American countries don't really fall into a great recession like Africa, there won't be much discovery." Jason said with a smile. Investment banks like them are not afraid that these sovereign countries will not repay the money. , but I am afraid that if I really have no money at all, there will be nothing I can do. No matter how awesome the background of the US government is, it will be useless.
"I have other investments in South America." Chen Zhiwen paused and said, "Henry also knows this. I am planning to invest in farms and ranches on a large scale in many regions around the world. South America is one of the most important places I have chosen. This is It can be regarded as one of the evidences that I am optimistic about the South American economy."
"Yes, Eric has invested in several large farms in South America, as well as some large areas of reclaimable wasteland. He has also acquired the largest farm in the United States, Gurner Farm. This acquisition was also completed through Morgan Stanley. ." said Henry Morgan.
"Farm? The income from this thing can't be too high, right?" Jason asked curiously.
"Investing in farms is not purely for profit. It is my preference. It can also be said to be the most stable low-yield investment." Chen Zhiwen said with a smile.
"Okay, in that case, after I go back this time, I will focus on analyzing the investment feasibility of these two bonds and Disney's acquisition. If there is any further news, I will inform Mr. Chen immediately. But even if this matter is the United States It is impossible for the official to give an immediate decision or denial of feasibility, and it will take some time." Jason thought for a while and said.
He understands that Chen Zhiwen will not invest in these two bonds with him. It may be because of nationality issues. These two investments, investments made by non-Americans, will indeed be more sensitive. The former will be jealous if it makes too much profit, and the latter may be jealous. Being targeted for default is similar to the fact that American consortiums will not invest on a large scale in areas beyond the influence of the United States.
Although these two investment projects are also known within the Morgan consortium, they may be just two of thousands of choices. Under normal circumstances, they may just take a glance and throw them away, but now, it is natural to carefully analyze the feasibility. If it really succeeds, not to mention the profit, it is more important to be able to cooperate with Chen Zhiwen, who has a unique vision, for a long time.
"It doesn't matter. There's no rush. Just give me the news within a few months. Otherwise, I'll have to go to Goldman Sachs." Chen Zhiwen said with a smile.
"Okay." Jason nodded. He naturally understood the meaning of Chen Zhiwen's words. Now both sides were testing each other.
After sending Jason away, Henry Morgan came back. The two of them had a good relationship and drank tea and chatted casually.
"You acquired Disney because you wanted to buy a movie company like Coca-Cola and then promote your own products?" Henry Morgan asked.
"Absolutely." Chen Zhiwen nodded and said. In the first half of this year, Coca-Cola acquired the American Hollywood giant Columbia Pictures. The mergers and acquisitions between these two completely unrelated industries have led American investment institutions to conceive of hundreds of possibilities. But Coca-Cola officials later responded that the acquisition of the film company was just to better promote its main business.
Chen Zhiwen actually has this need in this regard. Although Henry purchased the TV station, it is not his own. In the United States, it would be much better to have his own advertising channels.
In terms of TV stations and newspapers, the United States has relatively strict control, which makes it difficult for him to start, but it is much easier for film companies. Of course, the film promotion ability is also the worst, but if it is large-scale and the film sells well, it can also have a lot of success. Strong publicity effect.
Another thing he didn't say is that if Disney operates well, it can be said to have unlimited potential in the future, far better than other Hollywood giants. But now it is also at its lowest point. Many people think it is about to go bankrupt. This is why Chen Zhiwen This is the best opportunity for foreigners to acquire. Once Disney shows a turn for the better in a few years, it will be impossible for them to acquire it no matter how rich they are.
"That's what I guessed, but Disney is not just a movie company. Its park business is very large and it has been losing money. If you can't turn losses into profits after taking over, the debt pressure will be very huge," Henry said.
"Don't worry, I have my own plan." Chen Zhiwen said.
"Okay, I have indeed never seen your investment fail." Henry Morgan said with a smile.
"One more thing, I want to ask for your help. I want to acquire an American NBA team." Chen Zhiwen said.
(End of chapter)
