America's Road to Wealth

The meeting with Walid can only be said to be inevitable by chance.

Walid, a Middle Eastern stock god with roots in the European and American world, has always maintained good relations with the European and American financial fields.

He has a keen sense of smell and may have smelled the results of this year's election.

I want to make friends with the other party, but the other party is a representative of the military-industrial complex.

He has been active in the south for a long time and mainly represents the forces in the south.

This has little to do with the east and west coasts of Walid’s daily activities.

To be more strict, the American South has basically no presence on Wall Street.

At most there are some representatives.

For example, there are several branches of Southern Bank in New York, such as the New York branch of Texas Commerce Bank.

Walid's friends are mainly in Wall Street. If you want to get to know him.

Abel would be a good choice.

Just do a little research into Abel's background.

Everyone knows that the Smith family and that family are barely close friends.

If Walid wants to get to know each other, Abel would be a good choice.

We happened to meet each other, and Walid naturally got involved.

That's how this meeting happened.

In addition, maybe there is a bit of nouveau riche temperament between both parties.

Apart from this incident, the two people found that they actually had a good chat with each other.

Especially in terms of enjoyment, Walid, the "senior", gave Abel a lot of inspiration.

Abel's super enjoyment thoughts also gave Walid some inspiration.

After this time, the two became friends.

The next day, Queens, New York.

November 6, 2000

Smith Building, fourth floor, in Abel's office.

In front of Abel's desk, there were seven people in straight suits and different ages standing.

Next to these seven people, there were David Mellon who was watching the fun, and David Jones who brought these people to Abel.

David Jones' crisp and refreshing voice echoed in the office.

".Alan Baker, former senior actuary of Medford and business manager of European Division."

"Bertram Hall, former deputy manager of Toll Brothers Realty's New York division."

"Beavis Brooke, senior accountant, formerly of Brooke."

".Paul Lin, the former senior deputy manager of North America for L'Oréal Group, is also familiar with East Asian affairs."

"York West, former deputy managing director of Gephardt \u0026 Co., registered senior lobbyist in Washington."

"George Williams."

"Mary Choxey"

"."

These seven people, one female and six male.

It basically covers all aspects of talent allocation needed by a rich man.

These seven men were David Jones at Abel's request.

Through American Express, as well as headhunting companies such as McKinsey and Heidrick \u0026 Struggles, we found seven talents in various fields for Abel throughout the European and American world.

These talents will become the structure of Abel’s think tank.

With them as the core, Abel's think tank was formally formed.

after this,

If Abel is interested in entering a certain field, or just wants to buy something.

He can consult this think tank and make his own judgment after getting suggestions.

Decide whether to proceed.

This situation is very common among the rich.

There was no such thing on Abel's side before, and that was because he rose too quickly.

And there is no consideration in this regard.

After experiencing the Robert incident, I also went to Los Angeles and the incident in Texas.

He felt the need to form such a team.

When he was in Los Angeles, he asked David Mellon to find someone to form it.

David finally found all the people, and today is the day for these people to come and meet the boss.

In fact, Abel couldn't tell whether these people were suitable.

Just based on resume, education, and appearance.

Each of these people looks very elite.

It is also fully configured in all aspects according to his requirements.

Including accounting, actuarial science, simple legal consulting, real estate and energy, political lobbying, etc.

At the same time it is obvious that as time passes.

The size of this team will continue to expand.

These seven people are just the initial members.

If they are later found to be unqualified by Abel, or they don’t like them, or they have violated some rules.

They will also be fired.

After David Jones finished his introduction, he quietly came down and looked at Abel.

Everyone in the whole room was looking at him.

Abel smiled:

"Very good, I already know you. I have read your resumes. You should also know who I am, so I won't introduce myself."

"You guys should already know about the salary, benefits, promotion ceiling, etc."

"so."

Abel, who was sitting upright behind his desk, smiled and spread his hands——

"Welcome to my side ~ I hope that in the future, we can work together and make progress together."

"You make me richer. And you can also develop upwards and even join my class one day."

Abel didn't want to hear them say anything about showing loyalty.

After this opening remarks, he wanted to give this newly established think tank a task.

But he wasn't actually very prepared.

Just out of the corner of my eye, I saw the headline of the sports section of today's latest issue of "The American Sun" on a newspaper on the table.

The title above is "New York Knicks defeated Los Angeles Lakers 76-88."

He simply took out the newspaper, placed it in front of his desk, and faced everyone in the think tank.

"Na."

Abel smiled and said: "The first mission of your establishment is here. Did you see it? The New York Knicks and Los Angeles Lakers."

"I want you all to make two plans for me within three days. The two plans are how to acquire these two basketball teams as quickly as possible and intact."

"This is my first review of you. Only if we can achieve this point will your existence be necessary."

After saying this, Abel did not give them a chance to speak.

He directly gave the newspaper to David Jones and asked David Jones to take them to understand his financial status, as well as his personal connections and other intelligence information.

Then supervise them and come up with these two plans within three days.

After David Jones and the think tank members walked out, another David, who had been watching the show in the office, smiled and walked to the chair in front of his desk to sit down.

".Ha~ looks very good. I have seen their resumes, and every one of them is excellent."

David Mellon smiled and said: "But your task is a bit demanding. Two plans to buy two basketball teams within three days."

"Don't tell me, you really want to buy these two teams?"

"I just asked them to outline their plans. It's not like they really want to buy it right away." Abel said calmly.

"Ha~" David Mellon shook his head, "It's not like I don't know you. You might actually buy it on a whim."

"I don't know about the Los Angeles side. It might not be that easy for the New York Knicks."

Abel said: "I remember the New York Knicks, they are a property under the name of CSC?"

"Yes." David Mellon nodded.

CSC is the abbreviation of Cable Systems Corporation of America and is the fifth largest cable television operator in the United States.

The company has about 3 million customers in New York state and almost 7 million users in the Northeastern United States.

The founder is Charles Dolan, a large group of companies on the East Coast.

David Mellon thought for a while and added some information.

"I remember that James Dolan, son of Charles Dolan, is now in charge of CSC's TV sports department. It started last year."

"In addition, CSC's TV sports business group has several teams, such as the New York Knicks of the NBA, the New York Rangers of the NHL, the New York Liberty of the WNBA, and the Connecticut White Whales of the American Hockey League."

"In addition to the main television business, TV sports and MSG Group are the two most important business sources of CSC."

"CSC is in good financial condition. It's not easy to buy the New York Knicks from them."

David is truly an old East Coaster.

In addition, he hangs out on Wall Street and works for a weird financial company like Smith Capital that likes to search for information when he has nothing to do.

This gives David Mellon a very detailed understanding of many large and small companies in the United States, especially on the East Coast.

"It sounds difficult." Abel nodded, and he had to admit this.

Mainly don't look at the New York Knicks, their record has never been good.

But because we are in New York, we are the only NBA team in New York.

This allows it to top the entire NBA in terms of revenue.

It enjoys the most expensive tickets in the NBA, the best venues, and fans with the most purchasing power.

Even if it loses every year, CSC is unlikely to sell it.

Because although the record is ugly, it has always been the most profitable team in the NBA and the most valuable team.

There are actually many wealthy people in New York who are very interested in this team.

After all, this is the only basketball team in New York.

Although among the rich, the NBA, which has too many black people, is a bit unpopular.

But after all, there is uniqueness in New York, if it can be easily purchased.

There are too many wealthy New Yorkers willing to buy this team.

If you fail to do so, it proves that the purchase is very difficult.

Of course.

If you are willing to spend money.

For example, if the market value is one billion US dollars, and you offer two to three billion, CSC will obviously be happy to part with it.

It's just that no one is willing to do this kind of loss-making business.

Even Abel was not willing, even if his money came easier than the wind.

"Okay." Abel said, "Let's not talk about this topic anymore. We just give them the tasks and see how well they complete them before I can decide whether to use them as my think tank."

David Mellon nodded, and he knew what Abel meant.

Then he saw Abel stand up and said:

"Let's go, I haven't cut leeks for a few days. Let's go out and have some fun. By the way, before the end of the year cocktail party, we can make the profits on the financial report look better."

After hearing his words, David Mellon suddenly became energetic.

He changed his demeanor from the Wall Street nobleman just now and followed him energetically like a follower.

"Okay~ You have the final say, our alpha wolf wants to eat meat, and it's time for the wolf cubs to show their claws and fangs!"

"Boss, where are we attacking this time?"

"Let me look at the chart first."

After a while, the two came to the operation room of Smith Capital.

Just like at Woolworth House.

David Mellon held the microphone excitedly and walked up to hundreds of elite analysts and traders.

"...Everyone, everyone! You Smith wolves, stop what you are doing immediately."

"Your alpha wolf is going to lead you on a bloody hunt!"

"Brace yourself and stop what you are doing."

David's cry and the figure of Abel next to David instantly attracted all analysts and traders.

Smith Capital employees originally thought that today would be as peaceful as before.

For a moment, it was like taking a shot of chicken blood or drinking a hundred bottles of Red Bull.

Everyone became excited.

Just because Abel appeared next to David Mellon.

This is not a very common thing in Smith Capital.

Although the boss often comes to the company, the boss appears in the trading floor.

Sometimes not once for two or three months, sometimes two or three times a month.

But whenever he appears in front of everyone, it's time for Smith Capital to start eating meat again.

This is also when employees like them, who have no trading authority and can only study and study all day long, can launch an attack.

Over time, this model has made them adapt.

This also allows them to show great aggression and enthusiasm when they officially start trading.

Coupled with the generous bonuses ahead, Smith Capital employees are often extremely idle when they are idle.

When you are busy, you may be so busy that you suddenly die.

Smith Capital at this moment is like a pack of excited wolves before launching a group hunt.

It’s just that there’s no more ghosts crying and wolves howling.

This commotion made Abel very satisfied.

He took the microphone from David Mellon and said in a calm voice - "Quiet."

His voice seemed to have magic, a simple word.

The traders who were very excited because of David Mellon's words immediately quieted down.

"Let me take a look at the trend chart and consultation first."

Abel walked to the big screen and read various financial information on it under the gaze of hundreds of people.

This is the kind of thing where you usually don’t pay much attention to the financial situation and only look at the charts when you want to start investing.

No one would believe me if I told you, and it would probably make Wall Street think he was a lunatic or a layman.

But at Smith Capital, everyone is used to it.

And they are all a little accustomed to it, as if they think this is normal.

In front of Abel's eyes, there were multiple big screens.

Some of them display data on major global futures markets and various precious metal futures.

Some are data on the major stock markets around the world and those stocks.

A wall composed of dozens of large screens covers most of the current investable categories in the world.

Abel looked at it casually and walked to his favorite foreign exchange screen.

There are three large monitor screens in total, with trend charts of a large number of foreign exchange varieties on them.

Abel glanced over and activated his own talent.

Under this gaze, the British pound currency exchange rate attracted his attention.

He immediately ordered his employees to open the GBP/USD chart.

He noticed that on the current daily chart, GBP/USD has fallen for 6 consecutive days.

On the monthly chart, GBP/USD has fallen to near the 5-day moving average, where there is strong support.

To understand this, you only need to study a little bit of foreign exchange investment information.

But if you want to find business opportunities and profit points here.

Either he is particularly sensitive to this aspect of trading, or it is just pure luck.

But Abel is neither of the two. He belongs to the third type who can cheat.

After just a few minutes of watching, Abel decided the next hunting direction of the Smith wolf pack.

“Let’s make a short-term profit this time!”

He turned around and took the microphone from the hands of David Mellon, who had been following him, walking like a humble schoolboy.

"Our goal this time is the pound variety in foreign exchange."

"Can anyone tell me? How many tradable accounts do we have in the foreign exchange market?"

Abel asked a question, but the ordinary employees below did not need to answer it.

David Mellon was nearby, already raising his hands like a primary school boy.

"The total number is 3,500!"

Abel looked at David Mellon funny, but his smile quickly disappeared.

Because he saw desire in David Mellon's eyes.

That's what Wall Street's money hyenas crave when they hunt for money.

"Then tell me how much funds are currently available in Smith's capital account?"

Like the previous question, David Mellon also responded quickly: "$13.05 billion!"

Before I knew it, it was only two months.

Smith Capital's funds have increased from more than US$2 billion two months ago.

It has expanded crazily to the current 13 billion.

Among the 13 billion, 3 billion is the US$3 billion from Smith Capital's first private placement.

The other 10 billion U.S. dollars are the escrow funds in Abel's own name and listed in the Smith Capital account, as well as the profits earned from several previous investments.

$13 billion.

Calculated, the figure is approximately US$5.5 billion in private equity funds and US$7.5 billion in Abel's own custody funds.

in other words,

Not counting Abel's assets outside of Smith Capital.

At Smith Capital alone, the cash flow available to him is as high as US$7.5 billion.

Including private placement, that’s 13 billion!

Including his investment outside.

The Los Angeles Times claimed that he was a billionaire, and that was not wrong.

After getting these two data.

Abel took the microphone and said:

"Then let's play big this time! I declare that after the plan starts, all Smith Capital operators are not allowed to leave the Smith Building!"

"Everyone who wants to attend this event is required to turn in your contact tool."

“The entire Smith Building is a financial safe house during this period of investment.”

"No one is allowed to go out except me, and no one is allowed to contact outsiders without permission."

"Those who can't do these things can step forward now. I can give you a few days of paid leave."

After Abel's words, the employees of Smith Capital, who were originally quiet, became a little commotion again.

The entire Smith Building turned into a financial safe house?

All traders in the company can participate in the battle.

This... this scene is so big!

"I'll give you three minutes to think about it!" Then everyone heard the boss say this again.

Three minutes later.

No one wants to leave.

Smith Capital has never been so big before.

The game is going to be so big this time, and many people want to know what the boss wants to do.

In addition, they completely and completely surrendered to the decision made by their ever-victorious boss.

Since it is a huge move, it means that after this, there may be extremely exaggerated profits.

For wage earners like them, that is a huge bonus.

In this case, none of the wolf cubs of the Smith Pack would refuse.

"good!"

Abel nodded with satisfaction.

He had just decided.

If there were really people who were unwilling to participate, he would ostensibly let these people leave on holiday.

But if he turns around, he will definitely fire these people.

Capitalists, how can what they say and what they actually do be the same?

"David, I will use $10 billion this time."

“We want to go long on the British Pound currency exchange rate!”

"There are 3,500 accounts in total, pick 1,000. Let each of their traders operate 10 accounts!"

before the action begins.

Smith Capital’s $10 billion in funds must also be divided into a total of 1,000 accounts.

Each account holds US$10 million in funds, and these accounts are all located in the world's top banks.

David suppressed the shock in his heart and said: "10 billion!! It's still foreign exchange!!"

10 billion U.S. dollars of funds were used to go long on the pound currency exchange rate. David was shocked in his heart. This fund was too huge!

10 billion U.S. dollars of capital, what a concept!

Once big leverage is used, even the Bank of England will have to avoid its edge.

Although the last time Smith Capital did international crude oil futures, it also used nearly 4 billion US dollars in funds.

But that is international crude oil futures, and its risk level is far lower than that of foreign exchange.

Even London gold carries much lower risks than foreign exchange under normal circumstances.

The risk of US$10 billion in foreign exchange trading and international crude oil are simply not of the same magnitude.

But at the same time, in terms of profit, it is not of the same order of magnitude.

The higher the risk, the higher the reward.

But David Mellon didn't mean to dissuade him.

Today, he has been following Abel for almost a year.

I already have blind trust in Abel's investment operations and abilities.

Thinking of this, David continued: "Boss, we can go into battle at any time now!"

Abel immediately said: "Well, then you will start to build long positions in the European market today for GBP/USD, GBP/EUR, GBP/CAD..."

“This time it’s just a short-term long move!”

“We will tell you when the time comes to start closing your positions!”

This time, 10 billion U.S. dollars of funds are fully invested in the pound-based currency exchange rate, so we must not be careless.

The pound often rises and falls sharply, especially because of the problems in Scotland. Its trend is particularly violent. If you don't build a position well, you can easily become passive.

If the closing position is not good, even if you make money by going long, you may suffer losses due to the sudden plunge of the pound.

This time, I am going long on the pound currency exchange. Even if there is a hang-up, Abel intends to supervise it more.

David Mellon solemnly said: "Boss, I understand!".

As a noble son of Wall Street, David also understands the trend of the pound currency exchange rate.

GBP/USD has been falling for 6 consecutive days, and the downward trend is still very obvious.

If it were him, he wouldn't dare to go long GBP/USD!

GBP/USD has fallen for 6 consecutive days. This kind of bottom-buying behavior is very unwise.

But Abel is different!

David felt that in front of Abel.

All you have to do is execute the order!