Rebirth of the Strongest Tycoon

Although he had learned Xia Yu's information from the documents before he came, Buffett was still inevitably shocked when he saw Xia Yu's young appearance.

However, he is already fifty years old, and he has long been able to hide his true thoughts well.

With a kind smile on his face, he said, "Mr. Xia, I take the liberty to disturb you this time, and it may take some time for you."

Xia Yu smiled and shook his head: "Mr. Buffett is very polite. In fact, I have wanted to contact you for a long time and learn some investment experience from you. It's just that the company has just set up a branch on Wall Street at this time, so there are more things to do."

Buffett said, "I can understand that the initial stage of a company is the busiest."

"Mr Buffett, your coffee!"

"thanks!"

Xia Yu took a sip, put down the glass, looked at Buffett calmly, and said, "Mr. Buffett, I have heard of your reputation a long time ago, you are an investment guru with great investment savvy, Berkshire Hathaway Saway was just a dying textile factory, but in your hands, it has turned perfectly into a dynamic financial company, which is extremely rare on Wall Street!"

Buffett smiled and seemed to sense Xia Yu's attitude. He said humbly, "No, there are many accidental factors in my success. Several times my company almost went bankrupt, but it just happened that someone helped me or I was lucky."

Xia Yu smiled, skipping this boring topic, and suddenly said: "Mr. Buffett, you are here to ask us why we suddenly bought the shares of Berkshire Hathaway by a large amount, right?"

Buffett didn't expect Xia Yu to take the initiative to say this. This could not help disrupting the scene he originally expected. He suppressed the fluctuations in his heart, looked at Xia Yu with bright eyes, nodded and said, "Yes!"

Xia Yu said with a smile: "I have said it just now, because I am very optimistic about your investment philosophy. I believe that under your management, Berkshire Hathaway will develop very well, and I just want to talk to you. Make a friend, so show your support and recognition in this way!"

"Sorry, seems to have caused you trouble."

Buffett frowned, he didn't expect Xia Yu to say that.

He stared directly at Xia Yu, as if he wanted to confirm the authenticity of Xia Yu's words. Xia Yu smiled and looked at Buffett calmly.

A few seconds later, Buffett showed a bright smile and said, "So that's the case. Thank you Mr. Xia for your approval. It's my honor. I'm very happy to be your friend!"

...

"Mr. Xia, can I know how many shares Polaris Capital has purchased now?"

Xia Yu did not report the purchased shares to the NYSE in time, so Buffett did not know that it was normal for Polaris Capital to hold 5.1% of the shares.

Xia Yu did not hide it, and said calmly: "Mr. Buffett, our company now holds 5.1% of the equity."

Buffett narrowed his eyes and said with a smile: "It seems that my company will have another important director, which is really a happy thing."

After laughing, Buffett suddenly asked: "Mr. Xia, can I know how many stocks you plan to buy?"

After speaking, Buffett stared at Xia Yu closely.

Xia Yu smiled lightly, thought about it, and said slowly: "Mr. Buffett, please rest assured, I am friendly to you, so I can tell you our company's plan, the original plan was to buy Berkshire Hathaway. A total of 10% of the shares of Thawe Company, and the plan remains unchanged now."

Buffett's expression suddenly softened, and he didn't know if he believed Xia Yu's words. He smiled and said, "Is that so, then I'm relieved."

Then, he laughed at himself and said, "Mr. Xia, I'm letting you see a joke. To tell you the truth, I do have some fears about Polaris Capital. Kierhir Hathaway was the most important part of my life, so I had to be nervous.

"

Xia Yu nodded and smiled: "I can understand, I'm sorry for causing you trouble because of our sudden behavior."

"I believe that we will get along very happily in the future."

"Before I came, I was still worried, but now, I am completely relieved. I wish us a happy future cooperation!"

After letting go of his worries, Buffett was in a good mood and seemed to want to get to know his upcoming partner. He continued to chat with Xia Yu for a while, and then invited Xia Yu to play golf the next day. Xia Yu readily agreed.

The next morning, the US National Golf Links Course.

Xia Yu, dressed in sportswear, saw Buffett waiting at the gate of the golf course. After a while, the two entered the golf course and played golf.

Although Xia Yu was young, Buffett was amazed by his sophisticated golf skills, and repeatedly praised Xia Yu's superb skills.

Play golf and chat about the latest news from New York's financial markets, or discuss the financial situation in the United States.

No matter what topic, Xia Yu can talk about it, it seems that there is nothing he doesn't know.

After playing for a long time, it seemed that he was a little tired. Buffett proposed to go to the side to rest for a while.

The two of them were leaning on the comfortable reclining chairs, and the soft sunlight poured down from the blue sky, and the people were warm, the breeze was blowing, and the fragrance of the grass came to the nostrils.

"Mr. Xia, what do you think about the insurance industry?"

After taking a sip of juice, Buffett suddenly looked at Xia Yu and asked.

Xia Yu raised his brows, his mind turned sharply, looked at him, and said, "After World War II, the insurance industry market has been expanding. The peak period was in 1977, and non-life insurance direct business premiums grew the fastest, reaching 20% ​​at one point. , the premiums of the reinsurance business increased by more than 25%.”

"However, after 1977, the development speed of the insurance industry began to decline rapidly. According to the current trend, it will definitely be lower next year, and there is even a high probability that it will last for the next two years."

Xia Yu's judgment made Buffett frown. He thought about it, and said to Xia Yu clearly: "Then Mr. Xia, do you think it is necessary for the company to continue its investment in the company?"

Could it be that the wind leaked from somewhere?

Or is it Buffett's mere temptation?

Several thoughts flashed in Xia Yu's mind.

He thought for a while, and considering how he would get along later, he simply made things clear in advance, and said, "Mr. Buffett, I personally think that Berkshire Hathaway should invest less risk when its capital is limited. company of."

"To tell you the truth, before we paid attention to Berkshire Hathaway, we just wanted to buy an insurance company, but you also know that most of the insurance industry is the core industry of major consortia, so our company has paid attention to the company. , and entrusted Merrill Lynch to acquire it.”

"That is, among the shareholders of the company, Berkshire Hathaway was discovered, and after further understanding, they decided to buy the equity of your company."

"You ask, has Merrill Lynch approached you?"

Buffett nodded and said, "Yes, Merrill Lynch has come to the company three times, but I didn't expect you to want to buy the company."

"You just said that the growth rate of the insurance industry will continue to decline, so why do you still want to enter the insurance industry? Or do you fancy companies that are in deep quagmire?"

Xia Yu smiled and said: "It is precisely because the growth rate of the insurance industry is declining that it is easier for us to enter. Isn't it easier to acquire companies with losses?"

"As for the investment risks and losses, our company doesn't care. We can afford this amount of money. If the company is a healthy company, if we want to acquire a wholly-owned company, the difficulty and cost will be twice as high. higher than the current risk and loss."

Xia Yu's remarks can be summed up in one sentence, I know the company's losses and risks, but our company is strong and I don't care at all, as long as we can buy the company.

This kind of rich and powerful rhetoric made Buffett not know what to say.

At this time, he had mixed feelings in his heart. When he met someone like Xia Yu who played cards out of common sense, he would just throw money at them and use capital to crush them. He didn't know what to say at all.

After a long time, he said with the last glimmer of hope: "Mr. Xia, do you have to fully acquire the company?"

Xia Yu nodded and said as a matter of course: "Of course, only with a wholly-owned acquisition can we invest hundreds of millions of dollars in transformation, and it is even easier to acquire other insurance companies later. This involves Polaris Capital's long-term strategic planning in the insurance field. ."

Well, they have invested hundreds of millions of dollars in transformation at every turn, and they are also preparing for subsequent mergers and acquisitions.

Each of these moves requires a lot of dollars, and Berkshire Hathaway simply doesn't have the capital to keep up.

That is to say, if Berkshire Hathaway retains its equity, it will be diluted step by step if it does not invest a lot of capital.

But Berkshire Hathaway's funds are already tight, and if it gets stuck by this, then it really can't invest according to his philosophy.

Moreover, Buffett has also thought about the positioning of Berkshire Hathaway. To enter the insurance industry, a core pillar is definitely needed. Now it is obvious that the company cannot become a core pillar. Holding a little equity will become a tasteless, or even a burden. .

"Well, I have to say that Polaris Capital is very powerful."

Buffett smiled helplessly, having decided to give up the company in his heart.

Xia Yu smiled and said softly: "It's okay, the major shareholders behind them are all short of money, and the billions of dollars are still available."

As soon as these words came out, Buffett couldn't help but smile bitterly, and a feeling of envy rose in his heart.

"Okay, I know what to do, we will give up the company's equity."

"Thank you Mr. Buffett for doing this."

"If anything needs our help in the future, I'll be happy to help."

Xia Yu's words made Buffett feel a lot better. He smiled and said, "Thank you, Mr. Xia."

"No thanks, we are friends and should help each other."

"Yeah, we're friends..."

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