Wall Street Legend

While having a morning meeting, Walter Durant had a stomachache and remembered to go to the bathroom, but it was difficult to leave now.

Seeing that Ye Dongqing dealt with it so quickly, thinking of early death and rebirth, he said: "How about Google's stock? It has been very popular recently. Considering the growing number of users and the rise in advertising performance, it is likely to rise in the short term. High, the increase has been as high as 13% since its listing, and various institutions are very enthusiastic about it."

After hearing this, his eyes lit up. Since Google went public in August this year, Ye Dongqing has rarely paid attention to this company. Although it is a competitor of Facebook in the advertising business, the development directions involved are different. There is not much competition. The social program launched by Google has long been eliminated by Facebook, and few people mention it anymore.

I feel like I've been under the spotlight. It's true that I own part of Google's stocks, but I'm neither a member of the board of directors, nor am I using inside information for short-term speculation. This company can be invested in. The growth potential is quite good, and you can use leverage to make money. Previous wave.

Before the employee named Walter Durant could continue, Ye Dongqing pointed at him and said with a smile on his face: "It's a very good suggestion. Come to my office later and continue to elaborate. I will I am very interested in the stock of this company. I have already made two suggestions. Do you have any more? You must know that the business volume is directly linked to your income. As long as the project can make money, no one will make less!"

Google, not to mention other things, is enough to get off to a pretty good start, and is a high-quality investment target that can be harvested repeatedly.

The stone weighing on his heart suddenly disappeared, and his mood suddenly improved.

The word "bonus" was very tempting, and someone immediately raised their hand again. After Ye Dongqing clicked on it, he threw out Yahoo. The boring proposal was rejected on the spot.

Hedge funds are just a way of trading. Recently, they have been regarded as some kind of financial management method that guarantees profits without losing money. In fact, it is more like a gimmick used to deceive investors. Traditional funds can also use hedging, transposition, arbitrage, and other operations. On the contrary, hedge funds can also make long-term investments like ordinary fund companies.

In the 1990s, the rise of the Internet and the steady economic rise triggered a bull market, creating a new class of wealthy people and causing hedge funds to bloom everywhere.

Nowadays, traders and investors are paying more attention to hedge funds because hedge fund companies have been emphasizing income distribution models with consistent interests and investment methods that can "outperform the market", making today's hedge funds Investment strategies are increasingly emerging, including credit arbitrage, junk bonds, fixed income securities, quantitative investment, multi-strategy investment, etc. The total scale of management in the industry has exceeded one trillion US dollars. Due to the low threshold, the capabilities and quality of hedge fund companies vary. .

Investors value returns, while many hedge fund managers value the principal they invest. Even if they only manage 10 million US dollars, they can earn 200,000 US dollars a year by charging management fees. If a blind cat encounters Damn it, if you make money by accident, then you can earn more. How much can you earn by working for others? Wouldn't it be more comfortable to be your own boss?

Ye Dongqing is targeting high-end investors. The law stipulates that the number of investors in a hedge fund can only be less than 100, and the investment threshold is one million US dollars. This is mainly to avoid risks and prevent ordinary people from suffering heavy losses. His hedge fund The company said the starting investment was one million US dollars, but apart from the senior executives in his own company, he would only consider helping with management if other investors brought in at least 10 million US dollars.

There is too little money and there is no need to waste time. He feels that his life is not so worthless now.

The company has just started, and internal employees are also in the running-in period. Many people have not guessed Ye Dongqing's thoughts. Some small companies have also been proposed, which may make profits of three to five million US dollars, but he does not like it. In the future, You can let your employees try it themselves.

Because of Walter Durant's proposal, Ye Dongqing not only thought of Google, but also the Nasdaq Index. She didn't have a clue before the meeting. At this moment, she felt that the money in her hands was too little and she couldn't wait to win over more people. More investors come over to share the cake with you. While you make money, you also give away part of the profits.

Large-scale funds currently do not charge any management fees, which is enough to show his confidence that he can only profit when he helps investors make money.

After the morning meeting was over and Ye Dongqing returned to his office, he felt a little unbalanced mentally. It was probably difficult to get the "2" in the 2+20 system. He thought about whether he should wait until he made some achievements. There is precedent in the market for increasing the profit sharing ratio, and some well-known hedge funds can indeed earn more.

After thinking about it, I am not planning to implement it yet, but I am going to take it one step at a time.

I asked someone to help me send Google’s performance data for the past three years, and then checked the fluctuations of the Nasdaq index since its establishment. It has been rising in the last century, reaching the high point at the beginning of this century, and then took a big dive. Don’t look at it. It was just a line chart, with the interests of countless people involved behind it. This made Ye Dongqing sigh with emotion about the golden age of the Internet in the 1990s, but the current situation is not bad, and this wave of good news may last for more than ten years.

There are definitely risks. The current polarization in the Nasdaq market is very serious, which has dragged down the index. It is currently hovering around 2100 points. He immediately retreated and was only prepared to select some stocks with good performance. stocks.

There are many ways to hedge a listed company, such as hedging with stocks and funds.

When investing in stocks, the biggest worry is that the stock price will fall when the position is full and rise when the position is short. In this regard, before the launch of stock index futures, if stocks and funds were hedged, this frightening situation would be alleviated.

The so-called hedging of stocks and funds, to put it bluntly, is to adopt a compromise approach, that is, under normal circumstances, there is no full position or short position at any time. There are both stocks and funds at any time. In addition, there are stock index futures. Hedging, Ye Dongqing feels that hedging the Nasdaq index now is simply throwing money down the drain.

After thinking about it, I finally invested in Google with a seven-level position and used financial leverage to bullish it. Not long after I left the order, I heard that the purchase order had been placed as required, and the transaction was completed through a subsidiary of Citibank.

In addition, five million U.S. dollars were used as margin to bet against the ruble with leverage. If the Fed's next move is big enough, it is likely to make the already bad economic situation of the "Polar Bear" worse. To be honest, Ye Dongqing is not interested in this deal. I don’t have much confidence in the order at all.

It is precisely because of this that I find it a bit exciting...