Chapter 1096

Name:Hollywood Hunter Author:Just Do
Simon's step-by-step view of the NASDAQ index is actually a steady sitting in Diaoyutai. In the past 1996, the

vistlo system has already completed the layout of a series of situations after the collapse of the new technology bubble, and the new technology companies under its control have considerable cash reserves at this time.

For Julian Robertson, the head of the Tiger Fund, these days have been a time of pins and needles.

As a staunch bearish in the new technology industry, Robertson initially thought that the NASDAQ index would turn 12 shares last year, and it would not last until January at the latest. Therefore, even without Richard Mellon Schiff's encouragement, he planned to suppress all the assets of the Tiger Fund, just for a fight.

However, December 1996 has passed and January 1997 has passed. Now, the time has entered February 1997.

Compared with the 5426 point at the end of the US election on November 6 last year, the NASDAQ index did not change its direction in a few months. On the past Friday, under the pressure of their short capital, the NASDAQ index still reached a new high of 6437 points.

In three months, the Nash index has increased by 18%.

Since last year's election, the Tiger Fund started to build its position, which was completed in late December. With a total principal of about US $12 billion and an average leverage of three to five times, it holds all kinds of short contracts with a scale of nearly US $50 billion. In the past Friday, the book losses of all short sellers totaled $7.3 billion, and the losses had exceeded 60%.

The loss is more than half.

Due to the size of the position is too large, in order to ensure adequate margin ratio, Robertson has had to close some positions.

Now, the most important issue facing the hedge fund boss who has risen with Soros in recent years is whether he should thoroughly clear his position and admit defeat.

Or, the last fight?

Julian Robertson firmly believes that the economic bubble of the flexible economy will not escape the economic law. The people who are aware of the fact that the bubble of the NASDAQ is already very serious and may burst at any time. Even if the vested interest group headed by the vistlo system is using the power of the whole Federation to renew its life for the Nasdaq, it will not change.

Maybe tomorrow.

The question is, how many tomorrows can Tiger Fund support?

New York.

Although it's Sunday, most of the time? Julian Robertson still works in the Tiger Fund's headquarters in lower Manhattan, more than 3:00 p.m.? Mainly to appease investors from all sides.

It's a fine day at the end of winter.

It's still cold.

Near four o'clock in the afternoon? Leaving his office, Robertson drove to the upper east side and met his old friend, another hedge fund boss, George Soros, in a coffee shop.

George Soros looked out the window at Robertson, who was looking out at the building with the sun slanting to the West. "So? How are you doing?" he asked

Julian Robertson regained his mind, took a sip of some hot coffee and said, "I'm going to wait another month."

Soros didn't venture to inquire about how much the other side had lost. He thought for a moment that he was sure and silent. He said, "or, it's good for you to clear your position now. If everything goes well, you can bet with me on Southeast Asia. If everything goes well, you should be able to recover most of the losses this year."

Julian Robertson shook his head and grinned bitterly: "George? You should know that I am clearing my position now. Investors will definitely ask for liquidation. I have no chance to turn to Southeast Asia."

Soros was silent again.

What Robertson said is the fact that hedge funds are high-risk areas, which everyone knows, but if they lose too much, investors will still ask to withdraw their funds.

It can be said that if the Tiger Fund can't wait for the turn of the NASDAQ before the funds run out, it will have to close down this time.

Since last year, Soros, who has been quietly in Southeast Asia, has not participated in the bet on technology stocks, but has always been paying attention to the trend of the Nasdaq market. As of the day before yesterday's close of 6437 points, in his opinion, it is already a very high level. You know, at the beginning of this decade, in 1990, the Nai index was only about 300 points, and it rose 20 times in just seven years. No country's normal stock market can reach this level.

However, clearly abnormal, everything happened, and still continues.

Soros has recently become more and more convinced that igritte has a good chance of becoming the first company with a market value of US $1 trillion in the history of US stocks. After all, compared with many other small technology companies in the second and third tier, igritte is indeed very successful. Even based on Friday's closing market value of $773.1 billion, the price earnings ratio is only 221 times.

Well, it seems that 221 times is not suitable to use the "talent" figure. However, compared with many enterprises whose P / E ratio has exceeded 500 times or even 1000 times in the Nasdaq market, 221 times is already a fairly healthy P / E index. In the end, the market value reached 1 trillion, which is only about 280 times.In fact, it is not too much for igritte to maintain a strong momentum of 60% growth rate and 280 times P / E ratio after its annual revenue exceeded $30 billion.

It's just a weekend gathering of two old friends. Julian Robertson doesn't mean to ask Soros for help. Soros puts forward his own suggestion, but Robertson doesn't accept it, so he doesn't say any more.

The topic then becomes casual.

"You say, what is the boy doing now?"

Seeing that Julian Robertson asked about this, Soros showed a little gossip smile: "he must be in New York now. Maybe you have heard that he made the girl of the Lauder family pregnant with a child. Although he didn't plan to get married, he was still responsible. He would visit her every week."

Julian Robertson followed with a smile: "it seems you are not well informed. In fact, more than one woman is pregnant."

Soros just smiles.

Of course he knows.

However, in Soros's view, the child that the girl of the Lauder family is pregnant with is the most important. Because after that child is born, it will be a Jew with another identity.

At the beginning, he also attended a party held by the Lauder family.

In western society, ethnicity is never irrelevant. The more minorities such as Jews, the more they value it.

People still don't know the ethnicity of Simon westero himself, but now the Westeros have a Jewish child, and according to the latest news, he is still a boy, and the young man quite agrees with the identity of the heir, so the Westeros system will be very beneficial to the Jews in many ways in the future.

Julian Robertson noticed Soros's clear smile and probably understood something. He was not Jewish, and he did not venture to comment on it.

After taking another sip of coffee, Julian Robertson finally felt some emotion, even slightly unconvinced: "George, how did he do it in 1987?"

"Who knows?" Soros also shook his head when he heard Robertson talk about his tragic defeat: "that time Frankly speaking, I believe that he is a psychic, otherwise it is impossible to make such accurate prediction

Without the windfall of the 87 stock market crash, a young man might still be a Hollywood director, even the top one.

It's not right.

Even if not in 1987, if the other side bets on the Internet in advance, it can at least create igritte at this time.

No, it doesn't seem right either.

The birth of igritte was completely completed with the cooperation of an entire industrial chain, such as AOL, Cisco, and even the performance upgrade of personal computers in the hardware field, and Tinkerbell's Internet peripheral electronic products.

Without the rapid development of the whole industry chain, igrit can not reach the scale at this time.

The development of the whole industry chain, the huge scale of funds required can be imagined.

Recently, the media reported that the Amazon online mall owned by igritte had a loss of $1.7 billion last year. Without a year's madness of $1.7 billion and, more importantly, the strength of $1.7 billion, the e-commerce business owned by igritte could not develop to a revenue level of $10 billion in just five years.

In a word, someone has promoted the whole Internet industry to today with his own efforts. It's no exaggeration. Without that young man, maybe the Internet is still in the exploratory stage.

All this is based on the fact that in 1987, the other party had enough capital to do it.

With this in mind, Soros shook his head slightly and said, "in any case, Simon has completely jumped out of our level now. You should have some understanding of the great disparity of strength in the past few days' game. It's just Simon doing things within the rules. If he breaks the rules, you know, the westero system now has this kind of strength, then you must not be in the mood to have coffee with me now. "

Julian Robertson wanted to refute, but after a pause, he could only acquiesce.

If you don't, you can't.

Moreover, what makes Julian Robertson admire more is the young man's vision pattern.

Some people may suddenly become rich in just ten years and become the top super tycoons in the world's rich list. However, under normal circumstances, people who suddenly enter the top of the pyramid often lack enough wisdom to cope with the rapid change of class.

People's time and energy are limited.

In a short period of ten years, it is very rare to be able to do one thing to the extreme.

Simon westero has enough wisdom to accomplish many things at the same time. It's not just that intelligence can solve them. There is no shortage of intelligent people in the world. However, the smarter people are, the more they don't know how to move, because these wisdom of dealing with people can only be achieved in the process of dealing with people and failing again and again get.The question is, Simon westero, where did you get all this time?

All these questions, unless someone is willing to reveal, will probably always be a mystery.

Upper west side of Manhattan.

Simon was preparing dinner with the two women while the two old men were drinking coffee.

It's about experiencing life.

In China, the Spring Festival is just around the corner. Chen Qing doesn't plan to go back at all. Because of her pregnancy, Lin Su, who had all kinds of worries in her heart, did not return to China this time to spend the new year with her family.

Simon didn't feel anything at all. He noticed Lin Su's depression, and then he reacted.

After all, it doesn't matter.

So try to make up for it.

However, after spending an afternoon with Chen Qing, and even this evening, he drove Chen Qing away and shared the world with Lin su. The next morning, he happened to find tears in the corner of the woman's eyes. Simon realized that the matter was still serious.

A little heart to heart, roughly understand.

Pregnant women should be more sensitive after all.

Although Lin Su is usually smart and capable, especially in front of Chen Qing, he always has the strength to admit defeat. Although he is always bullied, his character is definitely not weak. However, after pregnancy, as a woman with some traditional Chinese ideas in her heart, it is hard to avoid worrying about gain and loss.

Even Simon promised that his future children would know the name of "westero.".

However, it is difficult for a woman to feel secure without proper marriage and real status.

Simon interrupted to return to Los Angeles on Monday. Seeing this situation, he privately discussed with two jennies and made a decision to take Lin Su back to China for the Spring Festival.

By the way.

It's February 3, Monday. The Chinese lunar calendar is December 26. It's only three days before New Year's Eve.

When he learned that Simon was going to take him home for the Spring Festival, Lin Su felt that it was not right. She is very clear that men are far from as idle as they think. If they go to China for the new year, they may not be able to come back for at least a week. Last week, there was just a long short battle in the Nasdaq market, and the media at the weekend was still full of discussions. What if something happens during the time when they leave, what can they do if they can't deal with it in time?

Simon didn't talk too much about it with Lindsay.

If you don't have the freedom to say you're going now, what's the point of everything?

Direct departure on the same day.

Yeah.

Chen Qing was left behind.

After all, some things this time are not suitable for Chen Qing to join in.

Chen Qing personally took them to the airport and watched the Boeing 767 disappear in the sky. On the surface, she was resentful, but on the inside, she had more expectations. The man promised that she could have a child after she was 30 years old. She is 28 years old, and the time is not far away.

At that time, men will definitely be a bowl of water.

Thinking of this, Chen Qing was even a little worried. She didn't know if her father would carry a chicken feather blanket and beat her out with his two unruly dog men and women.

Well, well, I don't think so.

Because of the fate of a fortune teller who was criticized when she was a child and her gradually fulfilled temperament when she grew up, her parents only worried about her bad learning and even remembered the severe punishment when she was a child. Her father specially took her to watch the execution. The purpose was to let her not go astray.

Though.

Seeing some scenes at that time, she just felt exciting and not afraid at all.

In this way, the expectation of her parents is very low. When the time comes, I will take a "Simon westero" back and say that this is my man. Although she must be a little five, a little six, a little seven or something, it is enough to meet the expectations of her parents.