Wall Street Legend
Chapter 381 Trader’s Error
The news is limited to a very small circle and not many people know about it.
A little guest is welcomed to the island in New York. She lives on the second floor of the house. Only a few nannies who have signed a confidentiality agreement and receive high salaries every month can have access to her.
In the future, he may disclose the news that he has a daughter, but not now, otherwise it will be easy for people to guess something. It is a happy event, but it will also involve a scandal after all. Ye Dongqing does not want his children to know about it when they grow up, at least until they have It's best not to know this until you've matured mentally.
Life is on track again.
I haven't been busy with business matters for a week. I wake up every day and play with my children. I feel very good.
Just like that, February came quietly, and Ye Dongqing finally thought of choosing a name for her child. After rummaging through a lot of Chinese books, she finally settled on "Ying". The first choice was "Yu", but Ye Yu (amateur) It didn't sound like the meaning was very good, so I was passed on.
The nickname is still under consideration. No matter what, the excitement of becoming a father for the first time will probably last for a long time. He is a very beautiful mixed-race girl.
Adults must understand that some things are not just about hard work, luck is also very important.
In Ye Dongqing's hedge fund company, a trader with a high level of authority recently caused trouble because he typed the wrong number, which was not discovered afterwards, resulting in a loss of more than 40 million US dollars.
He thought he had cleared out the stocks, but in fact he had not. He just brewed a cup of coffee and chatted with others. During this period, the Google stock in his hand fell all the way. In fact, he still made money, but the original four thousand Thousands of dollars can be pocketed safely.
There are countless tragedies in history caused by traders' mistakes. Some people thought that a football hit the keyboard and lost nearly 100 million. There were also people who accidentally hit the keyboard with their elbows and lost millions of dollars. Just at that time in 2002, Bell in the United States A Stern Bank trader mistakenly changed the amount of a $4 million sell order into $4 billion. $600 million in shares were traded before the error occurred, which is believed to have contributed to the day's decline in the Dow Jones Industrial Average.
It would be interesting to see this kind of thing in the news, but it is not funny at all if it happens in his own company. Ye Dongqing is extremely depressed and worried about how to explain to investors that they invested money and now they have lost part of it, so naturally they should Gotta explain why.
Shortly after hearing the news, he went out in a helicopter.
There was only one helipad on the roof of Puchuan Building. When we arrived, we found a helicopter parked on it, so we had to borrow the helipad of the building next door.
Helicopters are convenient, but there are too few parking spaces, especially in a city with densely populated high-rise buildings. In the future, there will also be a helipad on the roof of the Cobra Building. In addition, a viewing platform has been planned, which has already begun. Construction started. After the engineering team settled in, they began to lay the foundation. The Texas-based Baufer Betty Company was responsible for the main construction. New York's local construction companies did not have that strength, but they also got some business from it. This is in Bloomberg City. It took a long time to intervene, but the super-rich mayor didn't want New York's tallest building, but no New York builders were involved.
After negotiating with the security guard, he got off the elevator and walked all the way to the entrance of Puchuan Building. There were always strangers greeting Ye Dongqing on the road, and some wanted to take a photo with him. It was not an excessive reason, so he did not refuse.
When doing business in New York, you must have a good relationship with the local people. If you become a good person in their eyes, it will save Ye Dongqing a lot of unnecessary trouble and increase his influence.
After arriving at the hedge fund department he founded, the atmosphere was obviously a little solemn. People already knew how big the losses were. There was a guy sitting there in despair. Ye Dongqing knew him. He was a middle-aged trader named Tom. Wrong transaction amount.
The reason why Google's recent decline is expected is mainly because last year's financial report was not very good. While advertising revenue shrank, other expenses increased significantly.
This also has something to do with Ye Dongqing.
At first, Ye Dongqing had a minor conflict with an independent director of Google, so she went to Yahoo founder Jerry Yang to help make plans and gave some development suggestions, which directly caused Yahoo to start refining its website, carving out several subsidiaries, and making slight adjustments. It has formulated a development strategy, paid more attention to overseas markets, and tried its best to compete with Google.
This adjustment has a good effect. Last year, Yahoo's annual financial report was obviously better than Google's, causing Yahoo's market value to rise sharply and Google's upward momentum to be suppressed.
Ye Dongqing is not only taking care of the children at home, she is also paying attention to this, so she arranged for someone to sell some orders this morning, focusing on the short term from bullish to bearish. Unexpectedly, this resulted in a relatively large amount of money. Necessary loss.
Overall, he still made money. The short position he just opened helped him make a lot of money, but mistakes are mistakes. If he made no mistakes, the money would not be lost in vain.
In the 1970s and 1980s, people liked to name their children Tom, including Tom Hanks and Tom Cruise. The Tom who made the mistake had a very good resume. He made millions from the Southeast Asian market in 1997. U.S. dollar, he also accurately predicted the overheating phenomenon of the Internet, and used short orders to help Morgan Stanley earn more than 20 million U.S. dollars. He is an old man in the hedge fund industry. He has been working in this industry for more than ten years after graduating from Yale.
It took a lot of effort to dig him out. He is a relatively capable person. Otherwise, he would not be given such high authority. He controls almost 600 million US dollars in assets, and even more if you include leverage.
Mr. Wu Di has a bad temper. After being hired by Ye Dongqing from Citibank, he now holds a position similar to chief operating officer. This happened within half a month of joining him, and he called Tom to the office to scold him. After a meal, he was probably taking the opportunity to establish his prestige. The people under his command were not afraid of him, so the team would be difficult to manage. Ye Dongqing could be a good boss in the eyes of the employees, with a good temper and ability, but high-level Managers cannot mingle with ordinary employees.
Mr. Wu Di has already told Ye Dongqing about these things on the phone. At this moment, he walked through the office area with a straight face. He also wanted to put some pressure on these employees. He couldn't push them too hard, but he couldn't let them relax too much. That kind of person holds a lot of money in their hands, and one mistake may cause Ye Dongqing and other investors to lose a lot of money.
I haven't decided yet whether to expel Tom, but even if he doesn't, there must be punishment, and it must be harsher. Again, otherwise it will be difficult to lead the team.
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