Chapter 195： [I'm looking for the most sensitive cheetah on Wall Street]

, The latest chapter in the latest global monopoly of technology!

(Some readers think that the protagonist's hair will be **** this time. With the old beauty of urine, it wo n’t change anything. If the time is up, it ’s time to **** you, and see that the high-tech field really When the competition is not enough, the hooligan starts to play. Of course, the protagonist will only make them hate the protagonist this time. Of course, Mr. Luo: Don't be overwhelmed by debt ...

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new York.

Just like Buffett ’s widely-spread investment motto: Fear when others are greedy, and greedy when others are afraid.

If you want to translate it into a play, John Paulson may be the best actor.

It is worth mentioning that Henry Paulson, the current US Treasury Secretary, has a name similar to that of his, but the two are doing very different things.

John Paulson, 51, is jogging along a lakeside path here in Zhongyang Park, New York this morning. Unlike other morning exercisers who relax, he looks frown at this moment. A heart-worried look.

The North American real estate market today is as full as the park's full foliage, but this makes John Paulson's fund specifically shorting mortgage bonds has been losing money.

What's more terrible is that the good news about the housing market is now overwhelming, and optimistic housing experts and lenders are constantly advocating that house prices will continue to rise or that federal authorities will lower interest rates to maintain the market.

However, John Paulson is convinced that winter will come.

By that time, even the booming branches and leaves will wither in the cold wind, but John also recently wants to prepare for the establishment of a second similar fund.

Jogging in the picturesque Zhongyang Park in New York is a good way to relieve stress. John tightened the zipper of his sweatshirt to speed up the pace ...

A few minutes later, John's assistant came to the park and quickly caught up when he found him.

"Sir, a mysterious investor contacted the hedge fund and he reportedly brought in $ 3.3 billion in hopes of entrusting it to Paulson hedge funds."

John immediately stopped and turned to look at his assistant and said in surprise, "What are you talking about? $ 3.3 billion?"

His assistant nodded surely.

John: "God, who is it?"

His assistant shook his head and said, "It's under investigation, the information shows that it came from a trust fund that was not established, but he wants to be with you personally, and he claims to have arrived in New York, and hopes to meet you today, he Said to be in a hurry. "

John Paulson became more curious, but more excited, preparing to build a second similar fund. I did not expect that investors would bring such a huge amount of funds.

"Reply to him, I'll see you right away."

John Paulson did not hesitate, immediately ended the morning jog, left the park, took a bath, changed into a suit and leather dress, and then went to meet in person at the first time.

...

About two hours or so in the past, John Paulson came to a hotel on Manhattan Island and saw his curious client in a suite living room.

"My God is you ... Mr. Luo?"

At this moment, John Paulson looked at a young Chinese man in his gaze with a confused expression, except that Luo Sheng would not be anyone else.

Obviously, John Paulson knows his big name, and it's impossible to know him. Luo Sheng is now a big tech giant whether he is in Silicon Valley or Wall Street.

It is also one of the world's first super rich. He knows those celebrities on the rich list.

"Sit down, Mr. John."

Luo Sheng said with a smile, Qin Weimu was also in this living room, but John basically ignored her.

After the shock, I was almost digested. I sat down next to me and thanked him, and then John said, "I didn't expect that the mysterious investor I met today would be the Internet giant of the day. Mr Luo, what I want to know is Why did you find me? "

Hearing that Luo Sheng watched the other side, he did not shy away from the right eyes, and said indifferently: "I have a handful of funds in my hand, and I want to trust it to the world's most profitable hedge fund for a period of time. And now sitting in front of me is the most sensitive cheetah on Wall Street. "

John seemed to be shocked by what he thought, but in the end it was a cheetah on Wall Street. His mental activity was not manifested, but he asked tentatively: "Excuse me, Mr. Luo, are you also Seeing the housing market crash? "

"Yes."

Luo Sheng admitted without hesitation.

At the end, he only saw that he took up the goblet on the table and asked John Paulson for a drink, drank a sip, shaking the drink in the glass, and said to himself:

"The North American housing market should start a skyrocketing model from 2001. At that time, Greenspan, the then head of the Federal Reserve, quickly cut short-term interest rates from 6% to 1.75% in response to the bursting of the technology stock bubble and the market panic caused by the terrorist incident. , In the following two years, it continued to be reduced to 1%, and it remained until 2005. "

"Too low interest rates have caused a flood of liquidity. The Case-Shiller index of 20 major cities in North America has almost doubled in five years. From the previous year to last year, almost everyone was intoxicated by the great market situation. All Financial institutions are doing subprime loans. "

John Paulson was shocked. Although he knew he was certainly not the only one who saw the potential crisis in it, Luo Sheng's words were incredible. From the tone of the other party, he seemed to have a hunch five years ago. ?

This……

Isn't he from the tech world?

Crisis is an opportunity in the eyes of short funds.

At the same time, Luo Sheng hurriedly continued: "I do n’t know if Mr. John felt it. Since last month, the subprime crisis seems to have begun to take shape. The market is now prosperous but has already faced great pressure. In less than two months, there is no need for the housing market to fall, as long as the rise slows down, a crisis will emerge. "

At this time, John Paulson's heart turned into a spirit. He didn't know why Luo Sheng was so determined, but it didn't matter. It was a good thing.

The second fund did not unexpectedly fall. As for the identity of the other party, who cares, in John's eyes, Luo Sheng is one of his potential large customers, like other investors.

Everyone's bond is maintained, and that is ... Franklin, the green dollar bill, that's all.

John was nodded again and again: "I totally agree. My hedge fund research department studies subprime mortgage products and found through a mathematical model that in fact, the housing market does not need to fall at all. It only needs to reduce the annual growth rate by less than 5%. Then the subprime loan The default rate will rise sharply. In fact, by analyzing a large amount of data, we found that the default rate had risen a lot before the peak was reached early last year. "

Speaking here without Luo Sheng, John quickly added: "But Mr. Luo, although I firmly believe that the housing market is about to collapse, I still cannot find financial instruments to express my exact opinion."

A few words from the other side made John Paulson realize that although the other side is a mixed-tech industry, he is obviously a financial master. Even if he is not, there must be a master plan behind him.

To deal with such people, it is a wise choice to be frank, not to mention that the other party came to the door actively.

John Street knows that there are so many funds on Wall Street that hedge funds are not the only option.

Luo Sheng said straightforwardly, "You don't need to show me a theoretical model to prove that the housing market will collapse, because I am more convinced than you. I have $ 3.3 billion of funds here that can be remitted to your hedge fund at any time. This will be the greatest deal in history, Mr. John. "

John: "Yes!"

It is enough to talk about smart people.

The two sides hit it off, and things were finalized within three days.

Luo Sheng's $ 3.3 billion was remitted to the Paulson Fund. To this end, John Paulson's foundation will draw 0.9% of the profits as fund management fees according to the agreement between the two parties, and John will also enjoy an additional sum Huge remuneration, which is proportional to the rate of return that the foundation brings to investors.

It is worth mentioning that this agreement was not signed in the name of Luo Sheng. He was very cautious, and John also saw that the other party wanted a low-key blood wash.

But it doesn't matter to John, he only needs to invest this money in a Paulson hedge fund ~ www.novelhall.com ~ even if the other party is not so cautious, John will not disclose the information of his investors, Even the FBI will not hesitate to come to investigate.

After all, it's a matter of your career.

The funds will be sold short and cost effectively by short selling CDOs with subprime bonds as collateral, and using credit default swaps (CDS).

John Paulson received Luo Sheng's huge sum of US $ 3.3 billion, which directly led to the successful birth of the second similar fund of the Paulson Fund.

The two funds he managed quickly emerged on Wall Street, and after a period of time, a large number of anonymous funds poured into the Paulson Fund, their total size even reached an astonishing 30 billion US dollars.

If North America finds out that Luo Sheng is one of the big bears, he will hate him even more.

But for Luo Sheng, it's a matter of time before Laomei gets to him. There is no reason not to take as much as he can.

...