American Fortune Life

Confidence is more precious than gold.

The business models of most investment banks on Wall Street are based on confidence.

Financial companies are not like manufacturing companies. Even if the market situation is not good, at least there are physical companies and they will not collapse. As for financial companies, as long as there is a large-scale panic in the market, the business model of overnight lending and financing will collapse.

This also shows the fragility of Wall Street from one side. Even the treasury minister at the top of the chain and the CEO of Wall Street cannot escape the panic that the storm is about to come.

What's more, the panic at this time has completely turned into a disaster with the bankruptcy of Lehman. The Dow Jones Index fell by 504 points, a drop of nearly 5%, and the Standard \u0026 Poor's fell by more than 10%. Affected by Lehman, the global stock market wailed.

In a market economy, the stock market is a barometer of the economy. The stock market focuses on investors' expectations of the company's future. The formation of expectations is not only based on the economic situation and company fundamentals, but also largely based on people's confidence.

When the financial crisis comes, no one can resist the panic. People are selling stocks like crazy, no matter what their cost is, they are just afraid that they will be the last one to escape. Therefore, a stock worth dozens of yuan can also fall to be worthless in an instant. Its existence value has nothing to do with its company's operating conditions at this moment, but only concerns the confidence of investors. This is the so-called stampede disaster.

Be greedy when others are fearful, and cautious when others are greedy.

In Andy's view, this sentence seems clever, but in fact it mainly has the effect of pretending to be 13 nonsense.

How many people can do it? Because when banks keep filing for bankruptcy protection, they don't know where the bottom is. Even if the long-term trend is judged correctly, it is very likely to lose money long before the day when the value returns.

"Moody's and Standard \u0026 Poor's lowered AIG's credit rating. AIG's funding gap suddenly increased from $50 billion two days ago to $85 billion in loan commitments before the end of get off work. In this case, relying on private institutions is no longer necessary. might solve the problem.

According to the news just received, under the arrangement of the Federal Reserve, Goldman Sachs and Morgan Stanley began to discuss the rescue of AIG, but they are not optimistic. Maybe soon, boss, you will also receive a call from AIG CEO Willenstein for help. . . "

In Gaia's conference room, Andy was lazily nestled in the boss's chair, with a look of lack of interest, listening to the reports of his subordinates, even though the company is already busy, he is always paying attention The Wall Street team wasn't pulled out, either.

Andy is very clear about which is more important, and the acquired assets can be straightened out slowly, so there is no need to worry, but the current financial tsunami on Wall Street is a once-in-a-lifetime opportunity, and one must not lose sight of the other.

"What is AIG's stock price now?"

"The Dow fell 504 points, the biggest one-day drop since "911", and AIG's stock price fell 65% to $4.76! $700 billion in market value evaporated!"

"How much have we intercepted?" Andy's eyes lit up, and he asked with a little excitement in his heart.

"...Because of the restriction of short selling price increase rules, all short parties are stuck at 10%, and now short parties need more principal investment, and leverage is limited. Only $3 billion in profits."

"Xie Te!" Andy frowned with an ugly face and cursed, Damn, most of the money has evaporated, and the ducks in his mouth flew away, making Andy look a little frustrated, after all, if there is no short sale In the case of the ban, at least tens of billions of income is secure, and now it’s fine, only such a small amount has been cut, so it’s no wonder you’re happy.

"I heard that Goldman Sachs and Morgan Stanley have prepared tens of billions of funds to make a fortune, Berkshire Hathaway has also prepared 60 billion, and Soros' Quantum Fund has also made preparations. More than 40 billion, all of which were caught by the White House suddenly..."

Al gave some information in a timely manner,

To appease the greedy and angry mood of my boss. I think the boss will feel better when he hears that someone is with him.

Sure enough, Andy's frantic expression froze slightly, the corners of his mouth twitched a few times, and then he complained: "These bastards deserve it!"

. . . . . .

Everyone in the conference room lowered their heads collectively, so that the boss would not see their foreheads with black lines and their distressed expressions.

"Boss, the chain reaction caused by the continuous collapse of the financial system will destroy all combinations, and no empire will be guaranteed! We cannot be immune to it alone..."

Al looked at his boss with a serious face, and said with some concern that his boss was becoming more and more unscrupulous and recklessly hitting the U.S. capital market.

This time Andy directly ignored the advice of his chief think tank, his eyes flashed brightly and said coldly: "I must make the cash in my hand reach more than 50 billion US dollars by the end of this year, and my plan cannot be missed!"

Al's pupils also shrank slightly. He naturally knew what the Big Boss' plan was that could not be lost. Qualcomm, which ranks 97th among the world's top 500 companies, even under the financial tsunami, its stock price would plummet, and its market value was still at 400. - Between $60 billion.

If the boss really wants to win, even if there are many banks willing to help the boss, lend the boss funds and help the acquisition, the available funds in the hands of the boss need to be close to the market value of the other party, so that they can easily face Qualcomm's malicious actions. Takeovers are countermeasures.

There are also AMC Theaters, which costs about 2 billion or more, and Starbucks, which costs 4 billion to 6 billion. Neither of these goals can be easily won. Except for AMC Theaters, which may be able to negotiate with amicable companies, The remaining Starbucks and Qualcomm must have a fierce battle to reach a result.

Facing Qualcomm, it is not only necessary to confront each other on the commercial battlefield, but also to engage in political games in Washington. After all, as a high-tech company like Qualcomm, it has world-leading technological strength, and it cannot be acquired simply by having money. , Al has nothing to worry about at this point, presumably no one will rush to the front and hard steel the Smith family.

After the meeting ended, Andy returned to the office and just sat down when he received a call from Warren Buffett. If he wanted to say who is the hottest in the United States right now, Warren Buffett, an old hooligan, undoubtedly ranked first.

Whether it is Lehman that has gone bankrupt, AIG that has only 48 hours left to raise funds to fill the hole, or Wachovia Bank that is desperate, their first choice is not to seek help from the Federal Reserve, but to take help from the Federal Reserve. Pick up the phone and call the old rascal Warren Buffett.

Compared with taking the hot dollars from the Federal Reserve or the Ministry of Finance, they are more inclined to be slaughtered. With the help of Warren Buffett, because both the Federal Reserve and the Ministry of Finance are cannibals. With dollars in hand and a butcher's knife in the other, what they like to do most is to change everything from the CEO to the executives of various departments. . .

Warren, an old rascal, spoke with a burst of envy and hatred. Warren was really jealous of Andy's annexation of Lehman's most core and high-quality assets.

Andy was a little smug and complained to the other party for a while, and then asked: "You are the hottest busy person now, you don't want to call me to chat and waste time?"

"Of course, to be blunt, I'm in New York right now, out playing golf..."

"I'm crazy, I'm going out to play golf with you on such a hot day! Let's talk about something, don't talk about making money, don't waste your time with me." Andy unconsciously glanced out the window The scorching sun hanging in the sky rolled his eyes and directly refused.

"Ahem... you guys, it's good to exercise and sweat a little bit. Well, that's right, AIG Group CEO Willenstadt just asked for an investment of about 5 billion US dollars. Are you interested?"

"I'm not interested! I knew that you wouldn't think of me for good things. 5 billion is nothing to you. Why don't you vote? What are you going to do with the 60 billion in your hand?" Andy asked with a sneer road.

Although he knew that the U.S. government would rescue AIG, the situation of AIG was too complicated, and he didn’t know much about the U.S. insurance industry. The real problem within the group.