Reinventing the Millennium

U.S. subprime mortgages triggered the global financial crisis.

This crisis has affected all walks of life, and the financial industry has suffered particularly heavy losses.

However, in this bleak situation that almost everyone is in danger, several fund managers who insist on short selling have become famous in one battle, and John Paulson is the most famous one among them.

In two years, he collected more than 20 billion US dollars and personally gained 6 billion. Even though there are many Wall Street experts, this also set a new record.

After Paulson won the moral criticism of short-selling and the admiration of his peers, his previous resume was also dug up. As early as the Internet bubble in 2000, he shorted the stocks of Internet companies and led the fund to grow against the trend.

However, the Internet bubble was far less fruitful than this one.

Moral criticism had no effect on Paulson. The House hearings and FBI procedures did not damage him in the slightest. Paulson's short-selling procedures withstood the test, which made him increasingly popular and even mythical.

The judgment was too accurate and the attack was too ruthless!

Such Paulson's influence can be seen as his frivolous words caused Yike's stock price to suffer a setback.

As the "first person in hedge funds", he faced the media after attending an industry conference on Wall Street. Most of the time he talked about the future of the fund. Then when reporters asked him about his recent areas of interest, he remembered the discussions among his peers and mentioned something easy. Co., Ltd.

The public opinion turmoil between Nokia and Yike was not big or small. Paulson was not interested in it at first, but when he was communicating with colleagues, he heard someone talking about their views on the mobile phone industry and the performance of specific companies, and then he had an idea in his mind. impression.

However, his words really surprised Fang Zhuo.

Why did Xiaobao take action?

When Fang Zhuo heard the news about the "King of Short Selling", he subconsciously thought that this was the operation of the Gasoline Man.

Similarly, Kong Yu immediately felt that this was an action driven by another part of Mr. Fang's power.

On the afternoon of February 22, the head of the MIGA Fund arrived at the President's Office of Yike New York. After a brief report, he cautiously put forward his own suggestions.

"Isn't it too early for Xiaobao to suppress the stock price at this time?" Kong Yu said.

Fang Zhuo nodded slightly: "Yeah, I think so too."

Kong Yu pondered, what kind of pull is Mr. Fang trying to play?

Fang Zhuo felt that the Gasoline Man seemed to want to review the explanation and waited for the next step.

There was a moment of silence in the office.

As the two people's eyes met inadvertently, a strange feeling appeared.

Fang Zhuo asked directly: "Are you looking for someone to bring Xiaobao in to make a game?"

Kong Yu endured his surprise: "No, Mr. Fang, I thought..."

The problem suddenly became clear!

I thought it was my original allies who still came out to do things!

Fang Zhuo said with a smile: "You think it's me, I think it's you. If you don't come over this afternoon or I have something to go to Silicon Valley, how will this matter be handled? Didn't I say that it's all up to you?"

He instantly understood the Gasoline Man's hesitation after entering the office. Since he thought it was his instruction, it must have been through other channels beyond his control.

Kong Yu sighed and then became filled with indignation: "Xiaobao actually jumped out at this time! How dare he jump out at this time!"

Others pursue the mythical Paulson, but he doesn't know how to use gasoline!

The king of short-selling, the number one hedge fund man, just come and give him a try!

He expressed his attitude in a deep voice: "Mr. Fang, it doesn't matter whether Xiaobao is helping his peers to stand up or is really targeting us. It doesn't matter who comes this time!"

Fang Zhuo seemed to be smiling but not smiling: "This is really a flood that has washed away the Dragon King Temple."

Just as there are no legal problems with short selling by Paulson's funds, there are also no legal problems with short selling by MIGA funds. However, this does not mean that companies such as Yike and Bingxin will not be sought after.

Therefore, the capital operations of the MIGA department have been operated through different channels and multiple layers of vests. Most of the funds invested in the big short Paulson are European-oriented funds.

To this day, Kong Yu has not had any direct communication with Paulson, let alone Fang Zhuo.

However, as a former important client of the Big Short Fund, Fang Zhuo knew that Paulson's main idea for the fund this year was to buy gold, and he did not expect that his former allies would appear in the battlefield he opened.

It can only be said that once the plan framework is laid out, who is attracted to it will be out of control.

Maybe Paulson really paid attention to Yi Ke, maybe he was in a bad mood, maybe he read the newspaper temporarily, maybe... No matter what the motivation was, he did stand up with the aura of Wall Street, and that reason no longer exists. important.

"Actually, if Xiaobao comes out later, he will play the role we hope to see." Fang Zhuo was a little regretful.

Kong Yu nodded. When Yike's stock price rises to a suitable level, Paulson's name will help give confidence to short-selling peers and further attract funds. However, at this point, his voice is not appropriate. .

One is that the stock price has not risen enough, and the other is that shareholders such as Shenxin Technology and Global Capital have not been eliminated.

Also, the latest change is that the public opinion driven by the head of Nokia has also made people wait and see about Yike's patent litigation and future prospects to a certain extent.

However, there are always various factors on the field, and you can just take advantage of them.

Kong Yu pondered and said: "It is not difficult to push up the stock price. If necessary, it can be pushed up forcefully, which will make it more bubble, but the cost of capital will increase significantly."

How to forcefully push up the stock price?

Major shareholders just keep buying.

As a major shareholder, the boss’s operations must be open and transparent. From last year to now, fund-raising in this area has been ongoing.

But there is a gap in time, and the impact of the financial crisis is obviously underestimated, so the operation is understandable.

Once artificially pushed up, the cost of capital will be too high.

In addition, considering the legal risks, executives such as Mr. Su and Mr. Yu were not involved in the fundraising operation to avoid being accused of insider trading, securities fraud and other charges.

"Let's break out the good news first. I also want to talk about Yike's goals for this year and the development of the mobile phone industry." Fang Zhuo thought for a while and said, "Let's see the effect first. I think the current stock price The decline is only temporary. Xiaobao has a bit of reputation, can he still forcefully reverse our market performance? The overall situation is fine."

Kong Yu agreed with this. As he said just now, as long as the framework is formed, it will be useless for anyone to come this time.

"Do we still have funds with Xiaobao?" Fang Zhuo asked.

Kong Yu replied: "There are still US$490 million."

"Well, prepare to withdraw and buy stocks. Let Xiaobao make up the extra money for us later." Fang Zhuo said with a smile, "Xiaobao is optimistic about gold now. What do you think of gold?"

Although there are differences in positions, experiences can be learned from financial management ideas.

"It will be a good place to avoid risks for a period of time, especially the financial market in Europe may still be turbulent." Kong Yu mused, "There should be a round of rising prices, but the node depends on the direction of the European market, and it also depends on Interest rate hike policy from the Fed’s side.”

Fang Zhuo said "Oh" and reminded: "We have friends in the United States."

Geithner's background in the Federal Reserve leaves a lot of room for cooperation.

Kong Yu understood what his boss meant. The news from American friends would be a powerful reference for the market, and if he could make profits based on it, it would be another deepening of the relationship.

There’s even more to the financial crisis, toxic assets, European finance and possibly gold.

Kong Yu had previously interacted with Zhao Zhishan, who was in charge of lobbying work, and suddenly he deeply understood some of his boss's intentions. If this continues, will there be any business that is difficult to do in the world?

"Mr. Fang, in addition to the good news about the company, I will also try to speak out when necessary to hedge against Paulson's bearishness."

Fang Zhuo smiled slightly: "He is the king of short selling, can you go up against him?"

Kong Yu said calmly: "If Paulson is not just talking casually, but really wants to short Yike, then he will soon try the taste of failure."

Fang Zhuo nodded, thinking about how he, the major shareholder, could speak for the company.

Major shareholders naturally want to protect the interests of the company, whether they are buying stocks or going long in options, it is all based on this.

The communication in the president's office did not last long. After clarifying the situation, we responded step by step.

At five o'clock in the evening, Kong Yu left in a hurry, planning to take some time to meet his old friends.

Fang Zhuo was still in the office, thinking about how to send signals from his own perspective.

I have talked about the mistakes of Kallasvuo as the head of Yike before. Can I now change my identity and talk about the success of Yike from the perspective of the second best CEO in the world?

Just as he was asking Mr. Yu to send over the latest information on Yike's various markets, there was a call from a shareholder on the table.

Fang Zhuo's eyes lit up, he turned out to be Mr. Liang from Xiangjiang Universal Capital.

He cleared his throat and pressed answer.

"Mr. Fang, I wish you a happy old age." Liang Qihua from Xiangjiang Universal Capital said as soon as he called me.

Fang Zhuo smiled and said: "Mr. Liang, it's quite late this year. I've been busy for a long time. I'm afraid that the company's stock price will dissatisfy you. But, well, the company is indeed not happy with Nokia now. I'm trying my best." to solve this problem.”

Liang Qihua did not see how Mr. Fang’s angry remarks about Kallasvuo were a way to solve the problem, but he still firmly expressed the purpose of this call: “Mr. Fang, I have confidence in the company. Whether it is Nokia or Paulson, Global Capital will always be with us. Yi Ke stands together.”

Fang Zhuo: "..."

What I want to hear is the embarrassment and the embarrassment, not such determination.

He muttered: "Yes, Mr. Liang, I understand."

Liang Qihua continued to be impassioned: "Mr. Fang, if Yike continues to develop like this, it will definitely lead the mobile phone industry in the future. I'm looking forward to seeing that day with my own eyes at Yike!"

Fang Zhuo was very moved: "Well, Mr. Liang, thank you. Because of you, Yike's life has been warmed from top to bottom."

Liang Qihua then talked about the reason for his phone call: "Mr. Fang, that Paulson was right once in short selling, but that doesn't mean he will always be right, especially the emerging smartphone industry that he doesn't understand. Although the stock price fell for a while, I I believe it will rise back soon.”

Fang Zhuo had to think that Mr. Liang was right.

The thing is, sometimes it’s not good to be too right.

This still requires Brother Wang to take action.

I can't bear to leave Brother Wang, and I can't help Huanyu.

"Mr. Liang, don't worry, Paulson will not bring pressure to me." Fang Zhuo understood what factors drove Mr. Liang and said, "The stock price will rise back soon, don't worry."

Liang Qihua was relieved, yes, that's it! Universal Capital vows to advance and retreat together with Yike!

He ended the call, happy that Mr. Fang was still confident.

Fang Zhuo held his cell phone and thought about the situation. He felt that with the urging of Kallasvuo, Apple, Paulson and other factors, the action to defend Yike was accelerated this time.

Well, there is no need to call Brother Wang for the time being.

Although Universal Capital maintains its stance, the test it needs to face is yet to come.

"Mr. Fang, please provide information and targets for the three markets of the United States, Europe, and China." Yu Hong sent in the information requested by the boss.

"Look at the company's stock price situation these days. If you take the time to talk to the media about Yike's US market, I have to make an appointment with a well-known media to talk about my business philosophy." Fang Zhuo assigned a task.

Yu Hong understood that this was related to the trend of the financial market and agreed.

Soon only Fang Zhuo was left in the office. He was thinking about what he needed to say, and once again comprehensively sorted out Yike's global market. This year's Mars3 is still a conventional upgraded model, and it is still leveraging the 3G market, but Next year's model will be critical.

Paulson on Wall Street said that not only Kong Yu and Liang Qihua took action, but related short-selling institutions also used the reputation of "the number one hedge fund man" to deconstruct the situation of Yike.

Although Apple has temporarily canceled its cooperation with Nokia, this does not help the fact that Yiko has infringed Nokia's patents.

It also means that as long as Nokia does not withdraw the lawsuit and as long as Nokia does not settle, ITC will still have a high probability of banning Yike in the end.

Yes, as Mr. Fang said, Nokia released a new phone with a capacitive screen, and Yike, which holds patents in this area, also initiated the latest lawsuit, but litigation requires a process. This time between Nokia and Yike has already cost for nearly half a year.

Even if Nokia's new phone actually infringes the law, Yike loses the lawsuit first and is banned from sale.

Regardless of the outcome of Nokia's subsequent patent lawsuit, Yike has already been cut off by half.

Can the half-blooded Yike continue to prosper in the fiercely competitive mobile phone market?

The logic is this, and the patent litigation has already gone very far.

However, on the other hand, if Nokia treats Yike so hard, it may be difficult for Yike to let Nokia off on patents. The final winner may be Apple, which is sitting on the mountain and watching the fight between tigers and tigers.

Financial media and technology media have published relevant analytical articles, which are well-founded and convincing.

Fang Zhuo, who had been silent for two days, couldn't help but like this analysis on Twitter. Then, he updated his Twitter to clearly convey the signal.

"As long as Kallasvuo is the president of Nokia, Yike will not settle with it on patents."

“It’s time to short Nokia.”