America's Road to Wealth

Chapter 155 East Coast Consortiums

Paris's feeling is actually right.

The person Robert Morgenthau waved over was Abel himself.

Paige even resisted and didn't want to go.

She was dragged over by Abel.

On this occasion.

It was not easy for her to struggle. At this time, there were hundreds of people at the reception.

Most of the eyes were already on the two of them.

Originally, most of these glances were from that circle.

But now the eyes of that circle were all focused on Abel and her.

Naturally, all the attention received by this circle was transferred to the two of them.

Paige was helpless.

She was finally held by his hand and came to her grandfather and other elders.

There are seven or eight people in the chat circle that Robert is in.

At a glance, they all have gray hair and look like they are all old guys over seventy years old.

"Mr. Smith, good evening." Robert's eyes were twitching now.

He couldn't tell that Peggy was dragged over by Abel.

Robert also didn't expect that after he called Abel over, Abel would also pull Morgenthau's pearl over.

In this case,

Shouldn't Abel let Peggy go and walk this way alone?

Do you see that these are all elders and bosses here?

Abel has been at the reception for so long, it’s impossible that he still doesn’t know who the people around him are, right?

If you don’t know, it’s easier to tell.

If you knew it, you would still do it.

If you even bring your precious granddaughter here.

Robert was skeptical.

This kid might be trying to take revenge on himself.

Wanting to embarrass Peggy in front of these people would also embarrass Robert.

Fortunately, Robert, at best, has a strong sense of self-cultivation, while at worst, he has a deep city.

This little thing wouldn't make him really angry.

"Good evening, Mr. Morgenthau, and all the other old gentlemen. Hello, I am Abel Smith."

After walking in front of these people, Abel smiled and said in a neither humble nor condescending manner.

He is in a relaxed state of mind now.

Just like those old guys who went to meet the Texas consortium before.

In his opinion, these people are not really powerful.

What really allowed these people to have their current status and influence.

is their last name.

It's the ancestors behind their last name.

But their ancestors had all turned into ashes long ago.

The bones may be gone.

These people are just taking shelter from the legacy of those momentary heroes.

He is both a reborn person and a super talented person himself.

Not to mention just facing these great grandchildren.

He felt that if he could appear in their time.

At that time, it may not be them who really talk about the matter!

In the past year, I have been pampered, coupled with the invincible experience in the capital market.

The mentality of the former internet writer + red-necked art genius has changed.

This made him feel far calmer than anyone else when facing these people.

His performance.

It also made the people present feel very surprised.

Because in this country, even in this world.

Very few people can meet them for the first time and know their identity.

Still able to maintain such a calm look.

Even many high-ranking people living in the white palace.

when meeting them for the first time.

Some people couldn't look as calm as Abel looked at them.

"Hello, Mr. Smith." David Rockefeller, who seemed to be the oldest among those present, spoke.

This is in the rumors

The head of the Rockefeller family, who has undergone several heart replacement surgeries, smiled and said:

"It's nice to meet you. It makes me feel like I met Peter when he was still young."

"But you are younger now. And your experience is more legendary than his."

"I'm David Rockefeller."

Finally, the old guy smiled and extended his hand to Abel: "Again, it's nice to meet you."

"Ha~"

Abel shook hands with him, "Nice to meet you."

Everyone present may not have expected that David Rockefeller would be so proactive.

After the two shook hands.

Not a few seconds passed.

Another one of the most eye-catching figures in the audience.

John Chris Morgan smiled and said:

"Hello, Mr. Smith. I'm John Chris Morgan."

"Same as David. I'm also very happy to meet you."

John Chris Morgan didn't say as much as David Rockefeller did.

With a simple opening, he extended his hand to Abel.

Abel responded, shaking hands with him with a smile: "Hello, Mr. Morgan."

This scene not only fell in the eyes of Robert and other people around him.

It was also seen by more than 99% of the people at the entire reception.

Not far away, in the small circle of wealthy daughters who have not yet dispersed.

Paris whispered in a daze:

"Catherine, it doesn't look like what you said. It seems like those two gentlemen think highly of him."

Of course Catherine saw it too.

She definitely didn't expect David Rockefeller and John Chris Morgan.

These two people can be said to be giant figures in this country.

He would talk and laugh with Abel like that, and even reach out to him first.

Catherine said in a daze:

"What's going on? Isn't he just an old southerner?"

Paris couldn't answer her question.

It should be said that among the people present, they were the most elite group of people.

One can guess why John Chris Morgan and David Rockefeller valued Abel so much.

An investment genius who is even more exaggerated and powerful than the stock angels of the past.

With the example of Stock Angel in the past, who wouldn’t want to have such a money tree?

His eyes returned to the circle that was most valued.

After Morgan and Rockefeller.

The other old guys in the circle also smiled and shook hands with Abel and introduced themselves.

Except for Morgenthau and his two brothers.

Among the three remaining old men, one is named Richard Cargill.

He is a member of the Cargill family and a member of Cargill's board of directors.

Cargill is one of the two largest private companies in the United States, similar to Koch.

At the same time, it also has a more famous name.

It is one of the four major grain merchants in the world and is the C in ABCD.

There is also an old man named John Pritzker.

This John Pritzker is the old man present, the youngest one.

His last name is also legendary.

The Pritzker family, which owns the Hyatt Hotels Group, is one of the wealthiest families in the United States.

In order to avoid taxes, the family founder designed more than 1,000 unrelated family trusts to hold the family's property.

The founders expect the family property maintained by this structure to last until at least 2042.

However, despite the complex trust system binding equity.

In the end, it is difficult to escape the complex human heart.

In recent years, the family's internal conflicts have become increasingly serious.

It is estimated that the more than one thousand trust funds will not be able to sustain until 2042.

The last old man was Thomas Peterffy, whose status seemed to be the lowest among everyone present.

Because he stood on the periphery of this circle and always had a smile on his face.

In fact, compared to others, Abel knew the existence of Thomas Peterffy.

Strictly speaking, two people are still traveling together.

Thomas Peterffy is the founder of Interactive Brokers. He is a pioneer in computerization and programming on Wall Street in the United States.

He was the first rich man to introduce computers into securities trading on a large scale.

As for the other two Morgenthau, one is the district attorney of New York State.

One is Robert's brother, Rod Morgenthau.

The other was New Jersey District Attorney Raleigh Morgenthal, Robert's brother.

As expected, they are from a family of prosecutors, all they need is a Supreme Court justice.

The identities of these people are basically the same as the last time Abel was at the golf course in the suburbs of Houston.

The heads of the Texas consortium families I met all had similar identities.

Abel's attitude towards them was similar to the last time he dealt with the Texas consortium.

But he knew the forces behind these people.

Added together, it must be much stronger than the Texas Consortium.

Let’s not talk about others.

Rockefeller and Morgan.

They represent two of the top ten financial groups in the United States.

Those who are left,

Behind them, there is also the vague power of these consortiums.

Strictly speaking, these people should be called the East Coast Consortium.

It is a huge force entrenched on the east coast of the United States, and its influence radiates to most of the United States.

Compared to several other consortiums, there are the West Coast and the South.

These wealthy conglomerates on the East Coast are the true white flag of the United States.

When the United States was founded, the thirteen states were all on the East Coast.

Compared with here, places like the West Coast and Texas can only be said to be rising stars.

The last meeting with the Texas consortium ended with Furui Muha.

Subsequently, except for John J. Brown, the relationship with Smith Capital became closer.

Abel's original expectation that he would be able to enter the Texas consortium did not happen immediately.

He didn't know if the other party was thinking about it or for other reasons.

But today, these East Coast wealthy families.

Abel found that the performance of these old guys was similar to that of the Texas Consortium.

After getting to know each other, it was all about chatting.

Although they mainly talked about business matters, they were all just interesting things.

For example, let’s talk about the impact of the current oil price of around US$22+ on the United States and the world.

These are some ordinary people who will feel superior when they hear it.

But the elites in the circle heard it, but they didn't feel anything about it.

As it happens, Abel is probably not considered an elite in this circle.

At this moment, after Abel finished listening, he felt like a group of high-level political parties were discussing content that he couldn't quite understand.

It's just that these people's discussions mainly focus on economics and finance.

Abel felt sleepy after hearing this.

He doesn't like hearing these things, and often doesn't even understand them.

He felt that instead of spending effort to understand these things, it would be better to build a more complete and useful think tank.

When encountering business choices and difficulties, directly ask the think tank to list several options for you.

Among these options, just choose the ones that are most beneficial to you, or those that are less difficult to implement, or have a higher success rate.

He himself only needs to be responsible for acting as the anchor of stability in the capital market and financial market.

Industry specializing in surgery.

Abel felt that there was no shame in being average in areas he didn’t understand or was good at.

Anyway

As long as Wall Street does not collapse, labor and capital will be the strongest!

With this intention, he did not participate in such high-level discussions.

Just standing in the circle with Peggy Morgenthau, smiling.

Watching these old men with the most prominent status in the United States chatting like political parties.

His quiet behavior finally caught the attention of the old men.

David Rockefeller asked:

"Mr. Smith, you have performed very well in international crude oil a while ago. So what do you think will be the impact of maintaining a crude oil price of around US$22+ under the current circumstances?"

Abel, a while back, commanded and controlled Smith Capital.

In the two months from early September to the end of October, during this crude oil fluctuation cycle.

Completed an investment experience of both long and short gains, with a total profit of more than 4 to 5 billion US dollars.

This matter can be hidden from ordinary people, but not from these guys who are inextricably linked to Wall Street banks.

In the eyes of these old men, this is no secret.

This is also Abel's biggest hidden danger at present, and he has already noticed it.

But there is no good way yet.

That is, he currently does not have a large bank of his own!

This is something for later, let’s not mention it for now.

When Abel faced this question from David Rockefeller, he noticed that the old men's eyes were on him.

Abel smiled, and then said:

"Well, to be honest, I'm not good at these things. If it's just these things, maybe any Wharton graduate can surpass me."

“A word on crude oil prices”

Abel smiled: "I only know that the lower the price of crude oil, the lower the price of gasoline for driving~~"

His unique answer surprised the old men.

David Rockefeller: "Is that all?"

"Yes." Abel nodded affirmatively: "This is my understanding."

"Forehead"

David Rockefeller was speechless.

Let alone the old men who are speechless.

Peggy Morgenthau, who had not dared to speak from beginning to end and was as quiet and well-behaved as a little quail, was speechless at this moment.

This kind of answer

The answer you can find from any college student on the Internet will be hundreds of times better than this!

"Then" said John Chris Morgan:

"Then Mr. Smith. How do you make money in international crude oil, whether you are long or short?"

"We don't want to explore your secrets, we're just curious. If you can't tell us, that's okay. After all, each of us has our own secrets."

John Chris Morgan's problem is with these old guys here.

This is the question that most of Wall Street wants to ask Abel the most.

Look at all the successful people on Wall Street.

There are people like James Simmons.

Although he is a mathematician, he went to Wall Street to play mathematics and was very successful.

The rate of return even far exceeds that of Buffett and Dalio of Bridgewater Associates.

There are people like Buffett, half background and half talent, coupled with a cautious and steady character.

He is a traditionalist on Wall Street who relies on stability to make money.

There are also those like Soros who take a different approach and are willing to be Wall Street's sword, using the power of the United States to harvest the world.

There are also geniuses who rely on pure talent like Peter Lynch, the stock angel of the year.

Wall Street is not big, but there are many investment schools here.

But most of the big players are not from any of these groups.

They act as dealers, players, and referees.

You can also get real inside information earlier than anyone else.

In this way, we can maintain a high annualized rate of return every year and maintain extremely high profits every year.

This last group is the largest group on Wall Street.

It can be said that all the current Wall Street giants are of this group.

It depends on its size and good relationship with the authorities and the Federal Reserve.

Coupled with the manipulation of the market, they sometimes even take risks and unplug the network cable to make profits.

And people like Abel are in the entire Wall Street.

After searching around, it seems that the only one that seems to be somewhat similar to Peter Lynch back then.

But Peter Lynch was very cautious in his operations and rarely put all his positions on them.

The stock angel doesn't take any risk that he can't take, it's just a stable one.

It's a steady profit, and the rate of return is also very high.

This created the legend of Stock Angel.

Even Peter Lynch retired very early. It only took about ten years from becoming famous to retiring.

Peter Lynch's public declaration is - "I have exhausted my talents, and continuing will only fail my investors."

Retired in his forties and before his fifties.

This age is very young among financial oligarchs.

Peter Lynch is already the most famous genius on Wall Street.

Abel is a bit like Peter Lynch. But Abel's investment style, compared with the steady Peter Lynch, is that of a pure gambler.

Except for individual gamblers and lunatics, there are also those little leeks with very small funds.

There has never been anyone on Wall Street like Abel, who walks a tightrope every time he invests.

Like playing baccarat in Las Vegas.

Every time, it gives people the feeling of being fully committed and deciding the outcome.

This investment style is almost the same as that of amateur retail investors who are just getting started.

Even he seems to be more cautious than Abel.

But even so.

The elites on Wall Street were reviewing Abel's entire trading process.

Many times I find that Abel is simply going against the market.

But in the end, Abel used his small skills to make big gains, and his profits became more and more astonishing every time.

Once or twice, occasionally a few times.

Some people may also suspect that he is an insider.

It is the kind of insider information that is not available in the market through certain channels.

But he does it every time.

And his background also proves that he should not be able to get this level of inside information on Wall Street.

This makes the tens of thousands of elites on Wall Street who are studying Abel even more incredible.

Many people have reviewed his trading model, and some have tried to imitate it.

The end result is a rush.

These people discovered that instead of imitating Abel's investment style and approach.

It would be better to take the money and go to Las Vegas to have fun.

At least there, I can get the results faster.

A year later, Abel, the Wolf of Wall Street.

I don’t know how many trillions of brain cells have been consumed by Wall Street elites and financial researchers across the United States.

In the end, everyone reluctantly came to this conclusion——

This guy is impossible to imitate and learn from.

If he can do this, he must be a prophet.

Either he has a miraculous talent in this area.

In short, we have reached the point of metaphysics.

Science can't explain it.

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