Confidence is more precious than gold.

The business model of most investment banks on Wall Street is based on confidence.

Unlike manufacturing companies, even if the market situation is not good, at least there will be physical objects and will not collapse. As long as there is a large-scale panic in the market, the business model of overnight lending and financing will collapse.

This also shows the fragility of Wall Street from one aspect. Even the Treasury Secretary and Wall Street CEO, who are at the highest level of the chain, cannot escape the panic of the storm.

What's more, the panic has turned into a disaster with Lehman's bankruptcy. The Dow Jones Index fell 504 points, a drop of nearly 5%, and the Standard & Poor's fell more than 10%. Affected by Lehman, global stock markets were wailing.

In a market economy, the stock market is the barometer of the economy. The stock market values ​​investors' expectations for the future of the company. In addition to being based on the economic situation and company fundamentals, the formation of expectations is also largely based on people's confidence.

When the financial crisis comes, no one can resist the panic. People frantically clear out stocks, regardless of their own cost, but are afraid that they will become the one they cannot escape. Therefore, a stock worth a few dozen yuan can fall in an instant and be worthless. Its existence value has nothing to do with its company's business at this moment, but only concerns the confidence of investors. This is the so-called trampling disaster.

Greed when others panic and be cautious when others are greedy.

In Andy's opinion, this sentence seems clever, but in fact it mainly has the effect of dressing up as a nonsense.

How many people can do it? Because when banks continue to apply for bankruptcy protection, they don’t know where the bottom is. Even if they judge the long-term trend correctly, it is very likely that they will lose all their money before the day the value returns.

"Moody's and Standard & Poor's lowered Aig's credit rating. Aig's funding gap suddenly increased from $50 billion two days ago to a $85 billion loan commitment before getting off work. In this case, it's impossible to solve the problem with private institutions.

According to the news just received, under the arrangement of the Fed, Goldman Sachs and Morgan Stanley began to discuss Aig's rescue, but it was not optimistic. Maybe soon, boss, you will also receive Aig's CEO Vironstein call for help..."

In the Gaia company's conference room, Andy relaxed and lazy in the boss's chair, looking indifferent. He listened to his subordinates' reports. Even though the company was so busy that the team that was always paying attention to Wall Street was not drawn out.

Andy is very clear about which one is more important, and the acquired assets can be sorted out slowly without rushing, but the current financial tsunami on Wall Street is a once-in-a-lifetime opportunity, and we must not miss one or the other.

"What is the stock price of Aig now?"

"The Dow Jones Industrial Average fell 504 points, the largest single-day decline since "911". Aig's stock price fell 65%, to US$4.76! The market value of US$700 billion evaporated!"

"How many have we intercepted?" Andy asked with a little excitement in his heart.

"...Because of the restrictions on short selling price increase rules, all short parties are stuck at 10%. Now short parties need more principal investment and leverage is limited. We only make a profit of US$3 billion from Aig's plunge this time."

"Shet!" Andy cursed with a swearing expression with a ugly face. Damn, most of the money has evaporated. The duck that reached his mouth flew, which made Andy look a little angry. After all, if there was no short selling ban, at least a 10 billion yuan profit would be perfect. Now, it's better, only a little bit of it is cut off, it would be strange if he is happy.

"I heard that Goldman Sachs and Morgan Stanley have prepared tens of billions of funds to make a fortune, Berkshire Hathaway has also prepared 60 billion, and Soros's quantum fund has also been pieced together to prepare more than 40 billion, but they were all stuck in the neck by the White House..."

Al gave some information at the right time to calm down his boss's greed and angry mood. I think the boss's mood would be better when he heard someone was with him.

Sure enough, Andy's expression of anger stuttered slightly, the corners of his mouth twitched a few times, and then complained: "This group of bastards deserves to be unlucky!"...

Everyone in the conference room bowed their heads together to prevent the boss from seeing their black foreheads and their uncomfortable expressions.

"Boss, the chain reaction brought about by the continuous collapse of the financial system will destroy all combinations, and no empire will be protected! We cannot be safe from it..."

Al looked at his boss with a serious expression, and said with some concerns about his boss's growing unscrupulous and crazily impacting the US capital market without regard for the consequences.

This time Andy directly ignored the advice of his chief think tank, and his eyes flashed with a bright cold light and said, "At the end of this year, the cash in my hand must reach more than 50 billion US dollars. My plan cannot be lost!"

Al's pupils also shrank slightly, and he naturally knew what the big boss's plan was. Qualcomm, which ranks 97th in the world's top 500 companies, even if the stock price plummeted under the financial tsunami, and its market value was between 40-60 billion US dollars.

If the boss is really determined, then even if there are many banks willing to help the boss, lend the boss funds and help with the acquisition, the available funds in the boss need to be close to the other party's market value, so that they can easily face the counterattack of Qualcomm's malicious acquisitions.

There are also Amc theater companies that cost about 2 billion yuan, Starbucks, which cost 4 billion to 6 billion yuan, and no matter which goal it is, it cannot be easily won. In addition to Amc theaters, it may be possible to negotiate and trade with a harmonious manner, and the remaining Starbucks and Qualcomm will definitely have to have a fierce battle to get the result.

Facing Qualcomm, it not only has to confront the business battlefield, but also engage in political games in Washington. After all, as a high-tech company like Qualcomm, it has technological strength leading the world level and cannot be acquired with money. Of course, Al has nothing to worry about at this point. I think no one will rush forward to the front and use the Smith family hard steel.

After the meeting, Andy returned to the office and sat down, he received a call from Warren Buffett, asking who is the hottest in the United States now. Warren Buffett, an old hooligan, undoubtedly ranked first.

Whether it is Lehman who has gone bankrupt, Aig, the American International Group, which has only 48 hours left to raise funds to make up the hole, or the desperate American Bank, their first choice is not to seek the help of the Federal Reserve, but to pick up the phone and call Warren Buffett, the old hooligan.

Compared to taking hot dollars from the Federal Reserve or the Treasury Department, they prefer to be slaughtered. Warren Buffett's help, because both the Federal Reserve and the Treasury Department are all slaughterless. They hold dollars in one hand and butcher knives in the other. What they like most is to change all executives from EO to various departments...

Warren, the old hooligan, spoke in a burst of envy, jealousy and hatred. Warren was truly jealous of Andy's good thing about the fact that he had raided the most core and high-quality assets of Lehman Company like a house search.

Andy was a little proud and complained to the other party for a while before asking, "You are the hottest busy man now. You won't call me to chat with me and waste your time?"

"Of course, just say it, I'm in New York now, come out to play golf together..."

"I'm crazy. It's such a hot day. I'll run out to play golf with you! If you have something to say, please don't waste your time with me if you want money." Andy unconsciously glanced at the scorching sun hanging high in the sky outside the window, rolled his eyes and refused.

"Ahem... You guy, it's good to exercise and sweat a little. Well, that's right, just now Aig Group Ceo Verlenstender asked for an investment of about $5 billion. Are you interested?"

"Not interested! I know you won't think of me for good things. 5 billion is simply a slightest thing to you. Why don't you invest? Why do you keep the more than 60 billion you have in your hand to prepare for it?" Andy asked back with a sneer.
Chapter completed!