Carnegie left the fund under the supervision of his granddaughter, partly because he wanted to give her some experience. Although the current Carnegie family is one of the richest plutocrats in the United States, they have no successors. The key is that Carnegie does not want to continue to engage in industry.
The early 20th century was still a period of great industrial development in the United States, and many large chaebols continue to this day, such as the famous Morgan and Rockefeller.
Even the Mellon family, which later invested in Carnegie's technical school and became the co-founder of Carnegie Mellon University, has always been very prominent.
But Carnegie really did charity and spent his huge family fortune. According to the regulations of this fund, if you want to move the money inside, you need the consent of Supervisor Sierra.
But managing money has been one of the hardest things ever. Li Yuduo asked: "Can this fund be used for technology research and development and investment in the industrial field?" Carnegie said: "Research and development is not an easy task, because technology is difficult, but if you really have This kind of ability can be considered.”
"I understand." Li Yu said. Although technology research and development is difficult, Li Yu has a lot in mind. Carnegie invited Li Yu to have a meal with him. This penthouse apartment could overlook the vast Lake Michigan, which was very helpful for his mood during the meal.
Carnegie said: "I heard that China also built a Grand Canal, with a length of an astonishing 1,700 kilometers." Li Yu said: "It is true, and it was more than 1,400 years ago." Carnegie looked out the window: "It's really not true. Simple, I really want to go to the East. Look at the prosperity of the city of Chicago, which connects Lake Michigan and the Mississippi River through the canal." Before the rise of railroads, Chicago was a very powerful water transportation hub.
Since the St. Lawrence River that connects the Great Lakes and the Atlantic Ocean belongs to Canada, and its outlet is also in Canada, and there is still ice period, the United States has always hoped to connect the Great Lakes with its own shipping artery, the Mississippi River.
Although the current relationship between the United States and Canada seems to be good at least on the surface, it is always inconvenient and will not be strategically accepted by the United States.
Carnegie said to Sierra again: "You must handle this fund well. I think it is probably the most successful of my philanthropic undertakings related to education." Sierra assured: "I can definitely do it." Carnegie nodded. Head: "Now that we have telegraph, and our American bank is in Shanghai, it is much more convenient." Upon hearing this, Li Yu asked, "Could it be that you are going to China in the future?" Sierra asked in return, "Yes, Can't you?" Li Yu spread his hands: "You are the supervisor, you have the final say." Carnegie invited Li Yu to visit Chicago, Lake Michigan, and the canal between it and the Mississippi River that day.
Although it is spectacular, Li Yu's mind is not on this, because China also has large lakes and canals, and what it lacks now is the technology, education and industry of the United States.
When I was about to leave the next day, someone suddenly came over. A young man less than thirty years old said: "Sierra, how about the car that my father gave to Mr. Carnegie? I heard that citizens saw someone driving this car speeding on the street." Sierra pursed her lips: "You Why are you here again? Aren't you busy in the factory with Mr. Leland in Detroit?" This young man is Wilfred, the son of Henry Leland, the founder of Lincoln Motors and Cadillac.
Wilfred said flatteringly: "It's not far anyway, and I also want to know how our products are." Sierra said: "Then you can go back, because I can tell you now, Mr. Henry's Cadillac The car is very good." Wilfred said a little embarrassed: "Is this the end? That car has a very high top speed, and I don't think you can bring out its performance in such a short time. Why don't you drive it while I drive? , give you a demonstration?"
"No," Sierra refused directly.
"Because I thought there was someone who could drive better than you."
"Better than me?" Wilfred obviously didn't believe it,
"If you want to say Detroit, I'm convinced, but looking at the whole of Chicago, I don't think there are many people who can drive a car better than me." Sierra smiled: "You don't have to look around, haven't you already heard that this car is driving fast on the streets of Chicago? , the person driving it is Li Yu in front of me."
"Li Yu?" Wilfred looked at Li Yu,
"Is it you?" Li Yu smiled and said, "Hello." Wilfred ignored Li Yu's greetings and said, "Why do you want to steal my limelight? Do you also want to pursue the beautiful Miss Sierra?" Li Yu said Yu was stunned. How could this kid speak without thinking through his brain? He just said whatever he thought of.
Sierra kicked him directly: "What nonsense are you talking about!" Wilfred was almost kicked down and said angrily: "I know Li Yu is a Chinese, have you already learned Chinese Kung Fu from him?" Li Yu said I almost vomited my blood, why do some people know about Chinese Kung Fu now? Bruce Lee wasn't even born yet, okay?
But Sierra looked proud: "That's it! So you'd better stay away from me! I'm not a good girl! Now you can leave, right?" Wilfred looked surprised: "I don't believe Miss Sierra It will become like this, you are a highly educated person, an Anglo-Saxon with a top-notch IQ like me!"
"Don't try to get too close to me," Sierra said.
"Are you stupid while studying at MIT? I think you should go back and continue to study your machines!" Wilfred seemed a little afraid of Sierra, and after thinking about it, he said: "Sierra, you can scold me "I, but I can't scold MIT, and I do love machinery. I love them both more than anything else!" Sierra covered her forehead, feeling her head hurt.
"I beg you to go back quickly!" Wilfred continued: "But I haven't driven that Cadillac car to take you for a ride. I have already boasted to my fellow engineers, but they don't believe that she is beautiful and intelligent. Miss Sierra would agree."
"omG!" Sierra almost yelled,
"I'm glad your classmates are smarter than you. They all guessed correctly. I really don't agree." Li Yu found it so interesting.
In a previous life, Cadillac was marked
"Bath King",
The label of "Bath Emperor" seems to be inseparable from driving a Cadillac
"What technician number is better" meme. And now this Henry Leland's son is so stupid that even MIT has been unfortunately hacked.
Li Yu couldn't help but think of Howard in "The Big Bang Theory" who was also a top student at MIT.
Wilfred saw Li Yu snickering and asked: "What are you laughing at? Don't you believe it too? By the way, it seems that you have already taken Miss Sierra for a ride, so I want to compete with you in a racing car ! Let’s see who drives well!” Li Yu quickly waved his hand: “I lose, I lose.” Wilfred said: “I can’t admit defeat in advance, I want Miss Sierra to see my victory with her own eyes.” Sierra said directly : "Can you please stop bothering me, and if nothing happens, go back to your Detroit." Wilfred said, "Okay, then I will build a car with more horsepower to take you for a ride, absolutely. More than 10 horsepower! In short, it’s better than this one!” Sierra clenched her fists: “It has nothing to do with this, okay!”
"Then I'm leaving, Miss Sierra," Wilfred said,
"I'll think of you."
"I'm not dead yet!" Sierra said with a black line on her face.
"By the way, there's something else I almost forgot to tell you," Wilfred said again,
"There will be an auto show in New York soon, and many new products will be on display."
"Okay, I understand, bye!" Li Yu asked, "Car show?" Seeing that Li Yu was interested in cars, Wilfred forgot about the competition just now, and said instead: "Yes. , a lot of new styles will appear, which is great.”
"It's interesting." Li Yu said. Sierra rolled her eyes: "How about we go to the auto show together?" Li Yu nodded: "That's perfect." Sierra said: "Okay, actually I also want to buy a car to travel in places like New York and Boston. Wilfred immediately jumped out and said, "No problem! Miss Sierra, our Cadillac model A will be sold at the auto show. If you like it, I can reserve one more for you. They have negotiated to increase the price to It’s 750 US dollars, but I can give you 500 US dollars at the cost price.” Li Yu couldn’t help it and burst into laughter. This Wilfred was really a pure science and engineering man who didn’t understand emotions.
Sierra laughed too. Only Wilfred didn't understand: "What's so funny? Well, I will wait for you at the auto show. I must come early, otherwise I'm afraid I will be booked by other customers." After Wilfred left, Li Yu asked "You want to go to the auto show too?" Sierra said, "Of course, but I just want to buy a car." Cadillac was indeed very successful at this auto show, and all the cars were sold out.
After saying goodbye to Mr. Carnegie, the two headed to the train station. On the way, Li Yu mentioned the fund and asked, "Do you really know how to manage a fund?" Sierra said, "What's the difficulty? Don't worry, if it's a reasonable expenditure, I won't veto it."
"That's not what I meant," Li Yu said,
"Everyone can spend money, but the greater significance of the fund should be to last for a long time." Sierra said: "Eight million US dollars is a big number, how can it be spent so easily." Li Yu said: "Mountains of gold and silver will also be emptied." Carnegie The US$500 million is spent really quickly, after all, charity is expensive.
Sierra asked: "What do you want to say?"
"We must find ways to make money generate money, so that it can be a qualified fund, just like the Nobel Fund in Sweden." Li Yu said.
The Nobel Fund's money later became less and less. Without the help of investment guru Foster Fleiss, I'm afraid it would have bottomed out.
Sierra asked: "What do you want to do? Invest?" Li Yu said: "We can use finance."
"Finance?" Sierra said,
"I have considered it, but the current stock market is not optimistic." At this time, it was the stage of the 1901-1903 stock market crash in the United States. The market was so panicked that even the legendary American stock market legend Livermore went into hibernation.
There is a very famous index in the U.S. stock market, the Dow Jones Index. This index mainly focuses on industrial aspects and is also the oldest stock index.
Since 1900, industrial stocks have become the mainstay of U.S. stocks, marking a new stage in the U.S. stock market.
By the time of Li Yu's last life, the Dow Jones Index had reached more than 30,000 points, but at this time, it was only more than 40 points.
Currently, U.S. listed companies rarely disclose accurate financial statements. Even understanding the current stock quotation requires a lot of effort. Various black-box operations are extremely rampant in the market.
There was no Federal Reserve at this time, and it would not officially become operational until 1914. In short, it is a miserable era for retail investors.
There have been many stock market crashes in the history of the United States, the most serious of which was of course the Great Depression. In 1932, the Dow Jones Index fell back to more than 40 points, swallowing up all the gains of more than thirty years.
Li Yu doesn't know much about the financial market, but he still knows a few giants in the United States. This is where the time traveler's bug lies.
"I think you can invest a little bit in Standard Oil Company." Li Yu said. Currently, Standard Oil has an almost monopoly on the U.S. oil industry, controlled by several large conglomerates such as Rockefeller.
But it will be forcibly broken up by the United States in a few years, and the famous ExxonMobil oil company will be part of it.
Sierra said: "Standard Oil? They don't seem to be affected much and have been rising against the trend." Li Yu said: "It's almost over. Even the bull market can't save it, but you have to exit in the short term." Standard Oil's market value did reach its peak in 1903.
Now not only some state governments, but also Congress have realized that Standard Oil is too big and want to take action against it.
This kind of information is a high-level secret, but to a time traveler, it is just past history.
Sierra couldn't believe it: "I think you don't understand the strength of the Rockefeller family."
"Of course I understand." Li Yu said. The Rockefellers of the future will be much more powerful than they are now. Sierra was still a little worried: "It's too risky."
"For funds, we need to invest from multiple angles, pay attention to stop losses, and we only look at the general trend." Li Yu said.
Although he has never played stocks, he experienced several A-share bull markets when he was young, including the famous 2014 year. At that time, almost every household was involved in stocks, and stocks were discussed in the streets.
But soon...hehe, anyway, until Li Yu traveled through time, there were still some relatives whose money was trapped.
So it was a little bit influenced by what I heard and what I saw. And like
"Look at the trends",
"Stop loss", the most common thing that can be called common sense, did not pay much attention to it in 1903. This was proposed by Gann, the next genius of the American stock market, 10 years later.
To put it simply, Gann is different from Livermore, who is good at short-term operations. His strategy is to analyze carefully and achieve success in one battle.
This requires a very keen eye to be able to see trends clearly. However, Li Yu didn't need to understand K-line charts at all. He only needed to search his mind and roughly remember the trend.
Sierra feels that what Li Yu said makes sense. Funds really need to know how to increase value.
"Okay, let's give it a try. First use... 100,000 US dollars?" Li Yu said: "No need, just 20,000 to 30,000 US dollars. Just add a little leverage."
"When did you learn about stocks?" Sierra asked.
"I don't understand," Li Yu said,
"This is all your business from now on. I'm just making a suggestion. It's up to you to decide whether to adopt it or not." Even if you only increase leverage by two or three times, you can earn at least tens of thousands of dollars.
If we could put it in the long term, there would be more, but that would be too long.
