Time Smuggling Starting from the Year 2000

Carefully put away the key, Huang Xuan ordered Lorraine to call Aubrey and Dutoit. It took so much effort for the drug formula that Guy handed over. According to Lorraine's analysis, the current state of science and technology is not difficult in terms of raw materials, just simple elements and organic substances. Similar to the current medicines, the finished product needs to be composed of various complex compounds with unique requirements on spatial conformation, such as rotation and chirality. There are mature or semi-mature methods for these. The real difficulty lies in the configuration of purity. In comparison, the requirements seem to be higher.

According to Lorraine's information, there are only a handful of companies that can produce pharmaceuticals with this purity. Unfortunately, none of them belong to China. When China was destroying the four old countries, the United States had already accumulated the most materials in the world, and Europe had completed its revival, both in 20 years. The so-called completion of the expected goal ahead of schedule can only show that your expectations are too inaccurate-bad planning is itself wrong.

Of course, for Huang Xuan, as long as there is a company that can manufacture it, he is satisfied, and he doesn't care which country it is, but when it comes to pharmaceutical companies, not only him, but the entire Huang family has not set foot in it. If we really want to find it, It's a little troublesome.

If you can’t do it yourself, ask a professional to help.

Huang Xuan, who had won his mother's 0.5 percent success, immediately thought of Citigroup.

"Lorraine, help me find Aubrey and Dutoit."

"OK."

...

The banking consortium is the leader of the entire capital market. Whether in the United States or Europe, bankers are always the center of businessmen. Even businessmen like Ford and Rockefeller will not easily offend these financial giants—of course, in In most cases, such businessmen have already put their feet in the banking world.

In the United States, if you want to establish a good relationship with the industry, the first step is to establish a good relationship with the bank-the method is very simple, let the bank believe that you have money. Whether it is an unnecessary loan or an unnecessary deposit, it is a good tool to deal with. Repaying the loan on time will increase the bank's credit rating for you. It is an excellent way to enhance friendship between borrowing and repaying the loan. This is the same as in The same principle applies to the relationship between school and little girls. Borrowing a novel and taking the wrong textbook is an old-fashioned method, but it is better than it is useful.

Compared with Wal-Mart, the world's number one province, Citigroup is unusually powerful. On Wall Street, the standing giants always have their own unique methods, and such giants can be counted with one hand: Merrill Lynch, Citigroup, J.P Morgan, Goldman Sachs, Bear Stearns, Chase Manhattan, Morgan Stanley profit. It is no exaggeration to say that these banking consortiums occupy the highest pinnacle of the capital market and monopolize all beings. In the words of old Mr. Marx, bankers are born to demand the average profit of society. And the simplest explanation of this sentence is: bankers are trying to use other people's money with the least risk to earn the profits that most people can earn.

Both Aubrey and Dutoit are typical representatives of this consortium.

After watching a movie, Dutoit arrived first and brought another tall white man. But Huang Xuan looked forward to Citigroup more, so he had to ask them to wait a while.

Dutoit sat down with understanding, and introduced his colleagues through a translator, and said: "Mr. Huang, this is Dr. Kelly, a full-time asset manager at UBS Private Wealth Management Company. In the team list we have drawn up for you, Dr. Kelly is the second manager." Then, he handed Huang Xuan a list.

"Okay." Huang Xuan finished the list, greeted Kelly again, and chatted casually. This is an English-style character with slightly glazed eyes, which are only sharper when talking about the economic issues he specializes in.

There are a total of 8 people on the list, and doctor is added in front of 5 of them, which looks very powerful at first glance. However, Huang Xuan didn't have high expectations for the appreciation of his personal assets, so he didn't care much about this list either. He folded it in his breast pocket, sat across from Dutuit, randomly picked up a few pieces of information, and said, "How about the latest futures delivery?"

"Very well, more than half of it has been completed."

"Very good." Huang Xuan nodded, and said, "What about Furnas Company? I read your proposal, but to be honest, it's a bit complicated. If it's not troublesome, I hope you can explain it to me."

Of course it won't be troublesome, Dutoit looked to the side, and said, "Dr. Kelly is very familiar with this, and he completed the reorganization of Furnas Company."

"Well Well?"

Kelly pushed his eyes on the bridge of his nose, took out a stack of documents from his bag a little impatiently, and said in a hurry: "Well, I conducted a field inspection of the furnas company, and I think it has several problems that need to be solved. What needs to be resolved urgently, among them..."

"Dr. Kelly." Huang Xuan had to interrupt him: "We don't have much time, I just want to know if this company has been reorganized according to my request?"

"Yes." Kelly should be in his thirties, but it seems that his social experience is still in the communication with his mentor, he stammered: "But I think this kind of reorganization is wrong. Dividing a company into three separate divisions can cause a lot of problems, as Professor Delney has a tutorial that says..."

Huang Xuan breathed a sigh of relief, he could only raise one hand again, and said with a stiff smile, "Dr. Kelly! Dr. Kelly?"

"Yes!"

"Tell me, did you reorganize the company as I requested?"

"Yes. But..."

"Okay." Huang Xuan paused and said, "This is enough." In front of this doctor, Huang Xuan felt that the ages of the two were reversed.

Seeing that the atmosphere was somewhat cold, Dutoit quickly interjected, saying, "Mr. Huang, there is actually one more thing this time."

"Oh?" Huang Xuan refilled a cup of coffee for him.

Dutoit took out a USB flash drive, put it on the table and said, "Do you know John Merriweather?"

Huang Xuan opened his arms slightly, "No."

"Here's some information about his new company. Well, this is a genius investor."

While Dutoit was racking his brains on how to describe McLeather, Aubrey walked in behind the butler and interjected, "Also a genius loser."

Compared with the small villa of Huang Xuan and his son in Sao Paulo, this house in Nanjing can be called a "luxury". It not only has a large lawn that Europeans and Americans like, but also has its own back garden and a Chinese-style pavilion. , Mr. Aubrey liked the arrangement very much.

He walked through the ivy corridor and followed Zhou Lian to look around, but just as he entered the living room, he heard the name "Merryweather". .

Huang Xuan got up to greet him, and said, "Coffee or tea?"

"Coffee, thank you." Aubrey came in and sat down, but asked Dutoit, "You don't want to introduce Mr. Huang to the fund of JWM Company."

"Do you think there's a problem?"

"Of course." Aubrey blushed, and said with a thick neck: "Merryweather almost lost the entire Wall Street two years ago. Today, a Swiss told my client that you should invest in jwm. I didn't listen. wrong."

"Merryweather's investment itself was fine, it was just an accident."

"An accident worth 10 billion dollars?" Aubrey said shaking his head.

Kelly also joined the discussion, and the three of them began to babble in English more and more. Huang Xuan had given up on understanding what they were saying, but leaned on the sofa and asked Lorraine, "What are they talking about."

"It should be the founder of Long-Term Capital Management (LTCM), Meriweather. About four years ago, his company could get 25% of the annual profit, which was the most profitable of all Wall Street hedge funds. With a team of former Fed vice chairs and a group of economists including Nobel laureates, they raised $1.25 billion and tripled it in the ensuing two years.”

"You lost money later?" Huang Xuan guessed after listening to the discussion of the three people.

"Yes, there are many reasons, but the biggest reason is that due to excessive financial leverage, they controlled $100 billion in assets through various financial derivative products at most-all borrowed from banks, and these contracts were traded on Wall Street. Almost every bank in China, and endlessly spread out endless contracts, and the amount involved in the end reached an astronomical figure, about 1 trillion U.S. dollars.”

"It's all a loss?" Huang Xuan was surprised, 1 trillion is almost the total GDP of the top 10 in the world.

"Of course they didn't lose everything, it just involved 1 trillion dollars, and the final loss was about 10 billion U.S. dollars, but he terrified Wall Street, because this company involved the interests of almost everyone on Wall Street, with a total value of 1 trillion dollars. If It wasn’t the combination of major banks at that time—which was rare on Wall Street—the maximum loss might approach the figure of 100 billion.”

While Huang Xuan was still surprised, Aubrey also began to explain to him.

In fact, this is just a very American story. Of course, it happened in real life, which is even more bizarre than the story.

John McLeeweather, whose hedge fund prospects were so promising, would have been part of the Wall Street legend that, in the last few days, was almost thought to be the case. However, under the impact of Russia's debt crisis, the Long-Term Capital Fund lost money. On the largest day, it lost 540 million US dollars, which shocked the entire Wall Street. In the last few days of the crisis, the net worth of the long-term capital fund was only US$1 billion, but it managed US$100 billion in assets through financial leverage. As long as it lost 1%, the bank would forcefully liquidate it. At that time, the crisis may hit Wall Street. Ultimately, the major Wall Street banks, including the Federal Reserve, had to get involved in the company together.

At the same time, when the eyes of most Chinese people were still on Clinton's zipper, paying attention to every word of Lewinsky, a panic broke out quietly and ended quietly.

To this day, Merriweather hopes to verify his theory or the theory of the other two partners again, so he once again raised funds from major banks and other wealthy investors. When he found Union Bank of Switzerland, Dutoit Think Huang Xuan is a person who is willing to take risks and pursue profits.

Regarding the debate between the two parties, Huang Xuan was noncommittal, but asked Kelly: "Doctor, can you explain to me what a hedge fund is?"

"Oh, of course." Kelly was still a little flustered, and said: "You see, in fact, from the perspective of securities law, there is no such form or institution as hedge funds. But in reality, hedge funds are actually Institutional investors formed in the form of limited partners are very risky. Legally speaking, there are no more than 99 fund investors, and the investment amount of each person cannot be less than 1 million US dollars. If it is expanded, investors can increase Up to 500 people, but at least $5 million per person."

"But what does it do? I mean, what's a hedge?"

Kelly held up the frame of his glasses, calmed himself down, and said: "Well, the phrase "hedge funds" is derived from the phrase "betting on the same person in terms of winning or losing". The speculative risk that occurs is minimized. Simply put, sell overvalued stocks or futures or whatever, and then buy undervalued these financial products at the same time.”

"Then how do you make money?"

"For example, if I sell $1 billion of light crude oil for August delivery, and I buy $1 billion of light crude oil for December delivery, then if oil prices rise, as long as December rises more than August , I will make money, or the decline in August is greater than that in December, and I will also make money. In our words, I only care about the narrowing of interest rate spreads, and do not care about the actual rise and fall. This reduces the risk accordingly , and at the same time use financial leverage to operate with more than 10 times the capital, and the returns are also very high.”

Huang Xuan shrugged and asked casually, "Can you make money?"

"It's also very capable of losing money." Aubrey interjected: "Mr. Huang, if you are interested in investing in hedge funds, I can introduce you to many famous hedge fund managers, such as Mr. Soros. Good choice."

"Professors Merton and Scholes' models are not wrong in themselves, and that failure was an accident." Kelly couldn't help but argue.

Huang Xuan asked, "Who are they?"

Kelly thought about it for a long time and didn't know how to explain it. Dutoit interjected, "It's the Nobel Prize winner, economics prize."

It sounded very powerful, but seeing Aub's red face, Huang Xuan smiled and said, "We'll discuss this issue later. I'm looking for you today because I actually need your help."

"Of course." It is one of the bank's services for bulk customers to look for banks and help other than business. Although this kind of service is not written in its terms, it is obvious that it can help customers obtain more ways to make money and know more Banks of business people are more popular. In other words, the more powerful a company is, the more favored it is by the rich.

Huang Xuan smiled and said, "I want to invest in a medical research institution or a biotechnology company. Well, I hope they have advanced capabilities in biological preparations. What can I introduce?"

"Do you want to take a stake, or manufacture the drug yourself?".

"I hope to be able to research and produce some medicines in small batches. Well, the quantity is very small. As for the investment, it doesn't matter."

Aubrey shook his head apologetically, and said, "You know, the U.S. government is not very supportive of China's..., um, high-tech industry." He obviously thought that Huang Xuan wanted to intervene in the medical industry, just like he was as the electricity industry does.

Of course not supported. Huang Xuan smiled, but he could still understand what it meant. It was nothing more than an embargo or something bad.

Dutoit also shook his head and said, "Mr. Huang, investing in a high-tech company is a very sensitive matter..."

He was thinking about his words, Huang Xuan waved his hands again and again, and said, "I have no intention of getting this company involved with China." He considered his words, and said, "I'm not interested in taking over a certain company either, I just hope that through some Invest, get some medical help."

"Your grandfather?" Dutoit responded quickly.

"Yes."

"Sorry about that. But, the government is always an embarrassment."

Huang Xuan pursed his lips and said it was okay, and then said, "I have no intention of challenging Washington, but, gentlemen, I just want to invest in a pharmaceutical company and get priority access to a small amount of pharmaceutical products. Is there any problem?"

Dutoit had to frown and said: "I'm sorry, but Mr. Huang, in fact, new drugs are always invested in the market at the fastest speed. In this regard, contacting a company will not be of great help."

"I don't think you understand what I mean." Although Huang Xuan said this, his mind was busy spinning, and he lied, "I have some formulas, and I hope to use a better laboratory to produce them. Good to get clinical trials."

"Actually, we don't need to invest." Kelly said suddenly.

"Let's hear it." Huang Xuan was still in awe of the title of doctor. Dad has worked so hard for so long, but in the end he still has a grudge because his mother failed to go abroad.

"In fact, pure sponsorship is easier to accept. If you only need medicine for one person, as long as there is enough sponsorship, I think there should be no problem."

Dutoit clapped his hands and said, "That's a good idea, we were a little dizzy just now."

Can you not get dizzy after making such a noise? Huang Xuan smiled indifferently, and said, "Which company?"

"Maybe we can help you ask the professionals, how much are you prepared to sponsor?"

"It's enough to make them faint." Huang Xuan stood up as he spoke. Both of them knew his habits, and today's conversation came to an end. .