Chapter 400 Lunch with Buffett
Although Yang Xing was not satisfied with this, he could only let it go. However, Zhang Shengli had such great sweetness this time and couldn't help but feel active. He pestered Yang Xing and asked him to help him find similar opportunities to make money. He guessed that since Yang Xing had predicted the Taiwan earthquake and did not get involved in the memory sticks, he would have a greater opportunity to make money. This time, the capital in his hands increased by five times in more than a month. After personally experiencing the magic of capital, where would he think this opportunity would be found?
During the Asian financial crisis, he knew that Yang Xing was able to turn his hands into the stock market and foreign exchange market, but at that time his company was on track, and his entire focus was on R&D company products to make the company grow and grow. Moreover, he vaguely felt that if he always relied on Yang Xing's guidance, he would become an unsupported Adou, and would accomplish nothing without Yang Xing. So until before looking for venture capital in the United States, he followed Yang Xing's advice and never asked Yang Xing for financial help. He could proudly say that although many ideas were inspired by Yang Xing, it was his own efforts to turn it into reality and achieve success.
After listing at Nasdaq, he is now successful and famous. Moreover, in recent years, due to the lack of sufficiently strong opponents in China, his company has been invincible in the domestic software industry. According to his development ideas for the company, "Black Hole Software" must not be the leader of China's office software. Therefore, when the classmate gathered before the Spring Festival, he was very interested in hearing the proposal to build a chain Internet cafe in major cities across the country. After hard work, the plan has been officially launched nationwide. His girlfriend Tang Yuanyuan is the main candidate in charge of this matter. The company is also highly anticipated that this plan can become a new profit growth point for the company.
Tang Yuanyuan is responsible for the chain Internet cafe plan. First, to learn from Yang Xing and find things for her so as not to keep staring at Zhang Shengli, and secondly, it is Zhang Shengli's consideration of precautions. He listened to Yang Xing's warning for your Nasdaq. According to Yang Xing's estimate, this wave of virtual network economy boom is coming soon. How to survive the next long period of the Internet economy winter requires the first-hand network and software companies to prepare for the winter. At the same time, the listed Xingdong Network is backed by the big tree of Zhongxing Group. Black hole software faces the prospect of reducing profits or even losing money. It is necessary to separate physical enterprises such as chain Internet cafes and software businesses and obtain normal profits to inspire investors' confidence.
Building a chain Internet cafe and a chain shopping mall requires a large amount of capital investment in the early stage. Not to mention other things, just the site rental fee and centralized procurement of Internet cafes need to raise a large amount of funds first. And according to Zhang Shengli's idea, his Internet cafes would first be of grade to the domestic pheasant Internet cafes that rely only on three or four computers assembled computers and a telephone line to surf the Internet. The interior decoration and service are close to the popular Internet cafes in foreign countries. Not only should it become a simple place to access the Internet, but it also provides leisure and entertainment services such as reading, drinking coffee, and the amount of funds required is quite considerable.
Originally, Zhang Shengli was ready to tighten his belt and invest all the funds for listing this time. But this time, he used the opportunity to speculate on memory sticks to make a fortune, which made his shoulders much lighter. Faced with the upcoming Internet winter, he had a mind and accumulated a lot of working capital in his hands. After all, cash is king during the economic crisis, but opportunities for making money like speculating on computer memory sticks are hard to come by, so he tried hard to get a clear path for Yang Xing.
After hearing his thoughts, Yang Xing surprisingly did not ridicule him, but was relieved to find that his old friend had finally grown into a business-minded and visionary businessman. A few days after the earthquake in Taiwan ended, Yang Xing called Zhang Shengli out and went to a steakhouse named Smith and Warrensky in New York to attend a private lunch. Before leaving, Yang Xing specifically reminded him that if he wants to make a fortune, he must pay more attention to the guests attending today's banquet.
As soon as Zhang Shengli was in a state of anxiety, he heard Yang Xing secretly introduce some guests to the lunch meeting. He was indeed a big shot in the United States, especially an old man who was full of silver hair and wearing big-framed glasses, always with a kind smile, just like the owner of a small grocery store on the side of the road. The more he looked at him, he felt familiar. After scrambling his stomach and thinking, he was shocked. It turned out that this old man was Warren Buffett, the second richest man in the world that many media in the United States were promoting. At this time, Yang Xing told him that this was actually a summit on Wall Street in the United States, and the organizer of the lunch meeting was Buffett himself!
Warren Buffett is a legend in the American stock industry, nicknamed "Stock God"! From 1965 to 1998, the average annual value of the stocks managed by Buffett's Berkshire Hathaway increased by 20.2% each year, 10 percentage points higher than the Dow Jones Index during the same period. In other words, if anyone invested $10,000 in Buffett's company in 1965, he would get a return of $4.33 million by 1998! There was no major mistake in the 33-year stock investment, and he also brought his Berkshire company into the top 500 companies with assets of tens of billions. Compared with Soros and Robertson, whom Yang Xing knew, he deserved the reputation of calling him "Stock God".
Zhang Shengli couldn't help but feel excited. Since he started business, Yang Xing has always reminded him to read more business management books to enrich himself, and books about Buffett's path to success account for a lot of space. He privately believes that he admires three people most in his life, Bill Gates, who is the boss of the software industry, Yang Xing, who is rising like a magic trick, is the rest of the person. Seeing his idol in his heart, he was thinking about whether to ask Buffett for an autograph first. Before he could move, he heard a tall, bald, and energetic middle-aged man at the other end of the dining table tapping his wine glass. After attracting everyone's attention, he said a few opening remarks and introduced them to the business people at the dining table one by one.
Zhang Shengli felt that he was very well-known after hearing a few names. In addition to Buffett, the middle-aged man who delivered the speech just now was not inferior to that of the five major investment banks in the United States. He is the leader of the five major investment banks in the United States. Henry Paulson, who just took office in May this year, was particularly impressed by him. He became the last Treasury Secretary of the Bush administration in the United States a few years later and was involved in a whirlpool that was much larger than the Asian financial storm. However, the main participant in the crisis at that time, his performance was only a complete financier.
The guy next to him who seemed to be owed money all over the world and was always frowning. Donald Trump, who is known for his eccentric behavior, is known as the king of New York real estate. It is said that half of New York's real estate is in his hands. In the past, the person who was fat and looked like a gourmet, was chewing slowly and tasting the taste of steak, but Baker, the chief aide of the Treasury Secretary Summers, who just took office in the Clinton administration, was probably the same as their identities. It can be said that the most powerful figures in the American financial industry are gathered here, and even stomping feet can make Wall Street shake! And as the youngest Yang Xing and Zhang Shengli, they look particularly eye-catching and their eye-catching Eastern Hole.
After listening to their identity introduction, Zhang Shengli felt cold sweat flowing on his back. Compared to Yang Xing, who was calm and calm, he was blushing and helpless, like Yang Xing, he had more followers than Yang Xing, and he was also a big boss. Yang Xing noticed his nervousness and patted his back to signal him to calm down and listen carefully to everyone present. Only then did he hear Paulson asking Buffett about this view on this round of online economic boom and asking his company if he had any intention to invest in new economic stocks. Buffett whispered this.
He declined politely, saying that he is old and has an investment habit. "Don't do unfamiliar business." He will always only invest in traditional industry stocks that he is familiar with, such as Coca-Cola and Gillette Blade, and will not touch the so-called high-tech stocks that he is not sure about. This attitude was quietly sneered by many Wall Street investors during the meal. They felt that Buffett was old and weak after all, and lag behind the times. Only Paulson and others, who knew the interests, did not think so, and continued to chat with Buffett for a long time.
Zhang Shengli noticed that Yang Xing's target was Baker, the assistant to the Finance Minister. He approached Baker and asked straight to the point: "Mr. Baker, it's not recommended by Mr. Paulson today. It's really hard to find an opportunity to meet you. You know that my company encountered some minor trouble in the acquisition activities in the United States. The Foreign Investment Committee blocked our application. I was just about to understand the situation through you." Baker obviously had already received the news. He wiped his hands and said helplessly: "Mr. Yang, I know what you mean. We have discussed this issue on the phone. Although the office of the Foreign Investment Committee is located in the Ministry of Finance, and the Ministry of Finance is also the chairman of the committee, it is a cross-departmental agency after all, and it also involves eight other administrative departments and seven White House institutions in China. It is far from enough to agree with our Ministry of Finance. It's useless to find me!"
Yang Xing smiled and said, "There is a saying in China that 'The snake is not good without a head'. I know that the Ministry of Finance has the greatest influence in the committee. In addition, I want to pass the committee review again, and I always need to find someone who understands the inside story and can match the situation. Don't worry, this will not let you help in vain. I heard that your boss intends to return to his alma mater, Harvard University, and then serves as president. I have been to Harvard recently and have already expressed that he will donate funds to the Harvard school committee member. Do you need my help to pave the road for Secretary Summers to serve as Harvard president in the future?"
Chapter completed!