"Minister Zhao, should we also buy Berkshire Hathaway's shares at this price?"
Li Shaoming asked with a smile?
"Mr. Yu has agreed to our investment of US$10 million to purchase Berkshire Hathaway shares."
Old people like Yu Jianguo, Li Huabin, Huang Weidong and Zhao Guohua all know that in May 1991, AtIc was ordered to buy blue-chip stocks valued at US$10,000. Berkshire Hathaway's share price was US$5,500, Wells Fargo's US$56, and Citigroup's US$7. , Corning Inc. $3, Bank of Boston $2, GcA $0.18, Cisco $0.11...
Through multiple purchases, the average price of Berkshire Hathaway reached US$100,000. Sun Jian only remembered that the stock price before rebirth was US$250,000. For the sake of the stock god Buffett, he did not sell the highest US$100,000 in 1998. By 1999 At the end of December this year, the cash price was only US dollars. According to the increase, it was the stock that made the least profit!
US$250,000 is the target value, which is more than US$1. In less than two years, the stock price has been cut in half. I don’t dare to buy at this time. When will I do it again?
Through Zhao Guohua's recommendation, Sun Jian invested US$1 billion in buying Berkshire Hathaway shares, giving credit to Zhao Guohua and others.
The proprietary business of AtIc and AtIc Securities Company buys low and sells high in the Dow Jones and Nasdaq markets. The transactions are huge and cannot escape the eyes of the SEC regulators. They cash out the stocks on the Dow Jones market before the Dow Jones Index falls. AtIc Securities Company It issued a bearish report on the Dow Jones Index to VIP customers and continued to be bullish on the Nasdaq index; before the Nasdaq index plummeted, it cashed out stocks on the Nasdaq market. AtIc Securities issued a bearish report on the Nasdaq to VIP customers. Looking at the stock investment analysis reports on the Dak Index and the Dow Jones Index, AtIc and AtIc Securities have made a lot of money. It would be strange not to doubt it. If we trace the source, Sun Jian has become the subject of suspicion!
Sun Jian doesn’t want to become a stock god!
Once the Nasdaq Internet technology stock bubble burst, AtIc and AtIc Securities became one of the short sellers!
John Meriwether and Julian Robertson, who are as famous as Warren Buffett, have fallen from the altar one after another, and George Soros will also follow them.
The stock god Buffett not only gained nothing in this bull market of Internet technology stocks, but also a large number of traditional blue-chip stocks he held plummeted. Investors voted with their feet and sold their stocks one after another. Berkshire Hathaway's stock price was cut in half, and Buffett had to Write an apology letter to shareholders and ask for forgiveness from investors!
Fortunately, Berkshire Hathaway is not a hedge fund company. It has only distributed dividends once in its life. It has accumulated a large amount of cash in its hands, and there are insurance companies behind it. It has a steady stream of funds to cover positions and spread low costs. Otherwise, Buffett Will also fall off the altar.
The remuneration of hedge funds does not come from management fees like mutual funds, but takes 20% of the profits realized by the fund as compensation. The clients managed by Tiger Fund are either rich or expensive, and they are willing to pay a high price to encourage Tiger Fund to outperform. market, but requires that investment income must exceed a certain level before commissions are paid to Tiger Fund.
In the case of a large loss of the fund, if Robert and others want to obtain commissions, Tiger Fund's return rate must rebound sharply by nearly 50%, but this is almost impossible, and the fund is constantly being redeemed, and even the final management fees are not enough To meet general operating expenses.
Robertson, Soros and stock god Buffett all saw the madness in the Internet technology stock bubble. However, Robertson and Soros were in danger at the end of the year. They became takeovers at the last moment. They stood guard at high positions and failed miserably. Fund holders voted with their feet and redeemed their stocks one after another. Return the funds, Tiger Management was liquidated!
The Tiger Management Group, which once dominated the international financial market and was so prominent for a while, finally collapsed and died.
It’s only a matter of time before Quantum Fund is liquidated!
Robertson and Soros fell off the altar and could only go home to manage their own and family funds.
In a big bear market, survival is fundamental and only then can there be hope for a comeback!
Although the stock god Buffett also lost miserably in this bull market of Internet technology stocks, he stuck to his heart at the last moment and did not repeat the fate of Robertson and Soros. Berkshire. Hathaway survived.
Traditional blue chip stocks like Berkshire Hathaway, which have already plummeted first, are here to invest!
Sun Jian will hand over the opportunity to find blue-chip stocks to Zhao Guohua, and Zhao Guohua will hand it over to Li Shaoming, Min Jianjun and Zhang Hongqing (another stock trader), and use their hands to start arranging traditional blue-chip stocks in the Dow Jones market.
Use practical actions to tell the SEC regulators that AtIc and AtIc Securities are not the masterminds behind shorting the Dow Jones and Nasdaq indices!
2000 is the year of the U.S. presidential election. Vice President Al Gore and California Governor George W. Bush are running for the 43rd President of the United States. Sun Jian knows that the Republican candidate Bush, who is not friendly to China, will have a hard time winning this presidential election. , became the 43rd President of the United States.
Yu Jianguo was ordered to donate US$2 million to the Democratic and Republican presidential campaign fundraising committees. He made bets on both sides, but neither side would offend, and he would not get the fruits of victory.
American politics is a two-party politics, where the winner takes all and takes turns taking control!
If Sun Jian bets on one party, he will offend the other party, leaving the stain of interfering in the U.S. election and becoming a target for attacks by congressmen who are unfriendly to China. He will never be able to stand up, and if he fails, the country will also become a target of attack.
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After the market closed on April 13, Amazon, hailed as an outstanding representative of e-commerce by Time magazine, announced its first-quarter financial report. Ukansukansu.et suffered a loss of US$61.7 million, an increase of nearly five times from the loss of US$10.4 million in the same period last year. .
On April 14, the Nasdaq index opened at 3587.44, opened 79.34 points lower, and rose to 3615.64 points. Under the joint attack of profit-taking and panic orders, the market continued to decline, and the market fell into panic! The lowest reached 3265.98 points and closed at 3321.29 points, a drop of 355.49 points or 9.76%, and the trading volume increased by 15%!
Heavy volume plummeted!
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After the market close on April 14 (Friday), Kunpeng Software Group announced its first-quarter financial report, with total revenue of US$17.88 billion, a year-on-year increase of 52%; net profit of US$95.86, a year-on-year increase of 51%, and earnings per share of US$4.81. Total revenue and Net profits both maintained a high growth rate of more than 50%, exceeding market expectations.
Starting from the sharp drop of 5109 points at the closing price on March 10 (Friday), it ended at 3321 points on April 14, with the Nasdaq index at 1788 points, a 35% plunge on heavy volume!
On April 14, Microsoft's stock price closed at US$40.35, down 20.34% from the closing price of US$50.65 on March 10, and its market value dropped from US$496.4 billion to US$395.4 billion; Kunpeng Software Group's stock price closed at US$201.17, Calculated from US$227.65 on March 10, it fell 11.63%, and the market value dropped from US$453.6 billion to US$400.8 billion.
On April 14, 2000, Kunpeng Software Group became the world's largest company by market capitalization for the first time!
On the morning of the 15th, Sun Jian called Li Tao, Ye Mao, Zhou Zhiping, Zhang Jilin, Yan Yuanchao and others. Everyone was very happy and it was of great significance!
