Reborn IT Giant
Chapter 218 Investing in Futures
"Okay Bill, tell me about the situation here first. Is there any problem with the personnel?"
Although Bill Miller is the person in charge of the fund, the specific work cannot be completed by him alone, so before Zheng Yan left the United States last time, he had already started to ask Bill Miller to form a team.
"At present, the fund has formed a team of twelve people except for Leslie and me. They are mainly responsible for the collection of various information in the later period and stock market investment operations. It is just because the time is too hasty and Yanhuang Investment does not have
We don’t have much reputation, so most of the people we recruit are new people, and we still need to train them ourselves later.”
Speaking of personnel issues, Bill Miller also has some headaches. The people who used to work at Legge Manson Value Fund were pretty good, but after all, they were his old employers. He could just leave by himself. He really couldn’t bear to poach his old employers.
foot of a wall.
Zheng Yan was not surprised by Bill Miller's answer, but he believed that as long as the investment in oil futures was completed, many famous investors would come here.
"Bill, don't you think this is better? We train our own talents, and they grow with the company, so that everyone has a stronger sense of belonging to the company. Maybe it will cause some losses in the early stage, but these are all in my
Within the tolerance range.”
"Okay, let's not talk about this anymore. Let's talk to me about the current oil futures."
Bill Miller had long known the purpose of Zheng Yan's trip, and he felt a lot more solemn when he saw Zheng Yan mentioning the investment.
"After receiving your call, I have been paying attention to the oil futures market recently. In the past week, the price of crude oil has basically remained at 21 to 21.5 US dollars a barrel, and there has been no major fluctuation.
"
"To be honest, I really don't see any investment value in oil futures. In fact, not only this week, but even in the past few years or even more than ten years, although crude oil prices have been rising, there have been no major fluctuations.
."
Because Zheng Yan had shorted the Nikkei Index, Bill Miller had always believed in Zheng Yan's vision. After receiving a call from Zheng Yan asking him to pay attention to the oil futures market, he understood that Zheng Yan
Yan’s next investment plan.
Bill Miller spent a lot of time analyzing the production of world-famous oil fields, the discovery of new oil fields, and changes in the international situation, but no matter how he looked at it, he found no factors that could affect the price of crude oil.
Zheng Yan was relieved when he heard what Bill Miller said. No changes would be the best result.
According to Zheng Yan's memory, after late July, because the negotiations between Iraq and Kuwait reached a deadlock, Iraq directly sent troops to the border between the two countries to put pressure. From then on, the price of international crude oil began to rise. And after entering August,
Due to the breakdown of negotiations between the two parties, Iraq directly launched a war against Kuwait, causing crude oil prices to skyrocket.
"Have all the funds I gave you last time been invested?"
Because he had too much money in hand, Zheng Yan was afraid that he would not be able to buy enough futures contracts, so before coming to the United States, he had asked Bill Miller to start buying oil futures. In this way, even if the price of crude oil rose, Zheng Yan's own
Interests are protected first.
"I have followed your instructions and bought all the two billion US dollars into oil futures."
Speaking of the issue of funds, Bill Miller was also full of complaints. Originally, the two billion yuan was the investment funds that Zheng Yan promised him, but before he could cover up the heat, it was all turned into oil futures contracts. Fortunately, Bill Miller knew that he
Although I didn't agree with Zheng Yan's decision, I didn't mean to go against Zheng Yan's intention.
"Bill, this time I have brought over 10 billion U.S. dollars. Starting from tomorrow, you will invest all this money in the futures market. We will make a big bet next, and we will bet on the rise of oil futures."
Zheng Yan's words shocked Bill Miller and said: "Zheng Yan, are you sure? You need to know that this time I activated ten times the leverage according to your request. In other words, you already have
Oil futures worth 20 billion US dollars, if another 10 billion are invested, it will be 120 billion US dollars in oil futures."
"Although the current price of oil futures does not fluctuate much, even if the drop is small, you will still suffer heavy losses with your investment method. If the drop reaches one dollar, you will lose more than half. I think it is best for you to continue
think about it
."
Bill Miller even doubted whether his choice of Yanhuang investment was correct. In the past investment process, Bill Miller had always focused on safety, which was also an important reason why he had never suffered a loss. In his opinion, Zheng Yan's current actions
It's not an investment at all, it's no different from a gambler. However, Zheng Yan made a huge gamble, but Bill Miller didn't think Zheng Yan had any chance of winning.
"Bill, I understand your concerns, but I have my own judgment. Let's limit it to one month. If the price of international crude oil does not show the opportunity we are waiting for within one month, I will stop this investment.
"
"You just said that the international crude oil market has been calm for more than ten years. There will definitely not be a big drop within a month. Even if there is a slight loss, it will not have any impact."
Although Zheng Yan is aware of the direction of history, he must also take Bill Miller's emotions into consideration.
After hearing Zheng Yan's words, Bill Miller felt a lot more relieved, "Okay, as you said, we will limit it to one month. But I have another request. Since we have different opinions, we might as well make a bet.
Well, if I win, the funds you give me will be increased by 50% in the later period."
Although the money in the fund does not belong to him, it is good to have control over it. Bill Miller believes that he is in a stable winning situation, so of course he will take the opportunity to make demands.
"Miyuki, who do you think will win between me and Bill?"
Zheng Yan did not answer Bill Miller directly, but asked Miyuki Aso next to him.
"Zheng Jun, I have put all my property into this investment. Who do you think I think will win?"
"Haha...Bill, you are definitely going to lose this time. However, even if you lose, I promise to give you 50% more funds. Anyway, I have no investment plan at the moment."
Zheng Yan had promised Aso Miyuki that he would bring her with him in this investment. However, in Aso Miyuki's heart, she never thought that Zheng Yan would fail in the investment, so she directly invested her entire net worth.
Although Bill Miller did not agree with Aso Miyuki's opinion, he was still very happy when he heard that Zheng Yan promised to give him 50% more funds.
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