Chapter 145

Chapter 145 Buying a team to chase blood The meeting with Walid can only be considered a coincidence. Walid, the Middle Eastern stock market god of European and American origin, has always maintained good relationships with European and American financial circles. He has a very good sense of smell and can smell the results of this year's election. Wanting to be friends with an opponent, but the opponent is a representative of the military industrial complex. Active in the South for a long time, mainly representing Southern forces. This has little to do with the east and west coasts, where Waleed conducts its day-to-day operations. Strictly speaking, the American South has almost no sense of presence on Wall Street. At most there are only a few representatives. For example, branches of some banks in southern New York, such as the New York branch of Texas Commerce Bank. My friends are mostly Wall Street Waleeds, if you want to know yourself. Abel would be a good choice. Just do a little research on Abel's background. They all knew that the Smith family and this family were hardly friends. If Waleed wants to get to know each other, Abel would be a good choice. I just met him, Waleed naturally got along with him. This is why this meeting took place. Additionally, both sides may have a slightly richer temperament. Aside from this incident, the two also found it very pleasant to chat. Especially in terms of entertainment, his "predecessor" Waleed inspired Abel a lot. The thought of Abel's ultimate joy also inspired Waleed. After this time, the two became friends. The next day, Queens, New York. November 6, 2000 Smith Building, fourth floor, in Abel's office. In front of Abel's office were seven people dressed neatly and of various ages. In addition to these seven people, there was also David Mellon who witnessed the commotion, and it was David Jones who brought these people to Abel. David Jones' clear, clear voice echoed throughout the office. ". Alan Baker, former senior actuary at Mingde Fengyi, sales manager of the European division. ".Bertram Hall, former assistant manager of the Toll Brothers Real Estate Company in New York." ".Beavis Brooke, Senior Accountant, formerly with Brooke." ". Bao Lin, former senior vice president of North America at L'Oréal Group, is also familiar with business operations in East Asia." "York West, Former Executive Vice President of Gephardt Companies, Registered Washington Lobbyist." "George Williams." "Marie Choxie" "." These seven people, one female and six males. Basically meeting the needs of a wealthy man and every aspect of talent allocation. These seven people are David Jones at Abel's request. Through American Express, as well as headhunters such as McKinsey, Heidrick and Struggles, they found seven talented people for Abel in various fields around the world, in Europe and America. These talents would become the structure of Abel's think tank. With them as the core, Abel's consulting organization was officially established. Afterward, If Abel wants to participate in something or just wants to buy something. He can consult this research organization and after getting advice he can make his own judgment. To decide whether to continue or not. This condition is very common among wealthy people. Abel didn't have it before, that's because he stood up too quickly. And no such consideration exists. After going through the Robert incident, the trip to Los Angeles and the Texas incident. He felt the need to form such a team. In Los Angeles, he asked David Mellon to find someone to coach him. David finally found everyone, and today is the day these people come to meet the boss. In fact, Abel cannot know whether these people are suitable or not. It is simply based on resume, education and appearance. Each of them looks very elite. According to its requirements, it is fully configured in all aspects. Including accounting, actuarial calculations, simple legal advice, real estate and energy, political lobbying, and more. At the same time clearly, over time. The size of this team will continue to grow. These seven people are just the first members. If Abel later finds them unqualified, doesn't like them or breaks the rules. They are also approved. After David Jones finished his introduction, he calmed down and looked at Abel. The whole room, everyone was looking at him. Abel smiled: "Okay, I already know you. I've read your resume. You should also know who I am so I won't introduce myself." "Salary and benefits, as well as promotion limits, etc., you should have figured out by now." "THEREFORE." Sitting behind his desk, Abel smiled and opened his arms... "Welcome to my side ~ I hope that in the future we can work together and make progress together." "You have made me richer. And one day you will be able to improve and even be in my class." Abel didn't want to hear words like loyalty. After this introduction, he wanted to give this newly established consulting organization a mission. But he wasn't really prepared. Out of the corner of his eye, he glanced at the newspaper on the table and saw the latest headline in today's sports section, "The American Sun." The headline above read "New York Knicks beat Los Angeles Lakers 76-88." He simply took out the diary and placed it in front of his desk, facing all members of the research team. "Hello." Abel smiled and said: "The first mission you set up is here. Have you looked at the New York Knicks and Los Angeles Lakers? "I want everyone to make two plans for me within three days. These two plans are for these two basketball teams to get in good shape as quickly as possible." "This is my first test with you and it can be completed. You are the only one who needs to exist. After saying this, Abel did not give them a chance to talk. He gave the diary directly to David Jones and asked David Jones to bring it to them to find out his financial situation as well as his contacts and other information. Then follow them up and within three days come up with these two plans. After David Jones and the members of the research organization left, the remaining David who was observing the room in the office smiled and walked to the chair in front of his desk and sat down. ".Ha~ It looks very beautiful. I read their resumes and found each of them to be excellent." David Mellon smiled and said: "But your mission has certain requirements. Two projects to buy two basketball teams in three days." "Don't tell me, do you really want to buy these two teams?" "Just let them come up with a plan. The real problem is not buying it right away." Abel said softly. "Ha~" David Mellon shook his head, "It's not that I don't know you. In fact, you can buy as many as you want. "I don't know about Los Angeles. For the New York Knicks, maybe it's not that simple." Abel said: "I remember the New York Knicks, is that an industry called CSC? "Exactly." David Mellon nodded. CSC stands for American Cable TV System Company, which is the fifth largest cable television operator in the United States. The company has about 3 million customers in New York state and nearly 7 million users in the northeastern United States. The founder was Charles Dolan, a major East Coast company. David Mellon ponders and adds some additional information. "I remember that CSC TV's sports department is currently dealing with Charles Dolan's son, James Dolan. This started last year." "In addition, there are several teams that belong to CSC television sports teams. Such as the New York Knicks in the NBA, the New York Rangers in the NHL, the New York Liberty in the WNBA and the Connecticut Beluga in the American Hockey League. » "In addition to the core television business, television sports and MSG Group are the two most important sources of business for CSC." "CSC is in a good financial situation. Buying the New York Knicks from them is not that simple." David is truly an old East Coaster. In addition to working on Wall Street, he also works for a strange financial company like Smith Capital, who likes to research information in his spare time. This gave David Mellon a very detailed understanding of many large and small businesses in the United States, especially on the East Coast. "It seems difficult." Abel nodded, he had to admit. Don't look at the New York Knicks, their record has never been good. But because it's in New York, it's the only NBA team in New York. This makes it the highest income in the entire NBA league. It benefits from the NBA's most expensive tickets, the best venues and fans with the greatest purchasing power. Even with annual losses, CSC is unlikely to sell. Because even though the results are not good, they are still the team that earns the most money in the NBA, and are also the most valuable team. In fact, there are many rich people in New York who are very interested in this team. After all, it's New York's only basketball team. Although among the wealthy, the NBA with its many blacks is somewhat out of reach. But at the end of the day, it's still unique to New York if it's available. There are too many rich New Yorkers willing to buy this team. Unable to move, this proves that buying and selling is very difficult. Of course. If you are willing to spend the money. For example, if the market value is one billion US dollars, if you pay two billion three billion, then CSC will obviously be happy to participate. It's just a loss-making business that no one wants to do. Even Abel doesn't want it, even though his money comes easier than the wind blows. "GOOD." "I will not speak on this subject," Abel said. I just give them tasks and see how well they do before deciding to use them as brains. » David Mellon nodded, he also knew what Abel meant. Then he saw Abel stand up and say: "Let's go, I haven't chopped garlic in these days, let's go out and have fun, besides, before the holiday party, the profit on the financial report will be better." Hearing her words, David Mellon immediately woke up. Just now he changed his appearance to a Wall Street aristocrat and enthusiastically followed him as a disciple. "Okay ~ I have the final decision, our wolf leader is about to be eaten, it's time for the wolf cub to act!" "Boss, where do we attack this time!" "I'll look at the board first." A moment later, the two arrived at Smith Capital's operating room. Just like last time at Woolworth House. David Mellon enthusiastically grabbed the microphone and walked in front of hundreds of elite analysts and traders. "...Everyone, everyone! Smith Cubs, please stop what you're doing immediately." "Your wolf leader will lead you on a bloody hunt!" "Cheer up and stop what you're doing." David's cry and the image of Abel next to David immediately attracted all analysts and traders. At first, I thought that Smith Capital's employees would be as calm as today. For a moment, I felt like I had drunk a hundred bottles of Red Bull. Everyone is happy. Quite simply because Abel appeared next to David Mellon. This is not common at Smith Capital. Although the boss often comes to the company, the boss appears on the trading floor. Sometimes not once every two or three months, sometimes two or three times a month. But every time he appeared in front of everyone, Smith Capital started to eat meat. This is also the time when employees who have no business skills and only know how to study all day can launch an attack. Over time, this pattern causes them to adapt. It also makes them seem very motivated and enthusiastic when they officially start trading. With generous bonuses on the horizon, Smith Capital employees are often idle in their free time. When you are busy, you can be so busy that you suddenly die. At this moment, Smith Capital is like a pack of wolves preparing to launch a collective hunt. There are almost no ghostly screams or wolf howls. This excitement pleased Abel very much. He took the microphone from David Mellon and calmly said, "Quiet." His voice seemed magical, a simple word. Traders excited by David Mellon's words immediately calmed down. "Let me see the trend chart first and advise you." Abel walked up to the big screen and viewed various financial information while hundreds of people watched. This type of person usually doesn't pay much attention to the financial situation and only looks at the chart when it's time to start investing. If no one believes it, Wall Street might consider him a psychopath or a blasphemer. But at Smith Capital, everyone is used to it. And they gradually get used to it, as if they find it normal. In front of Abel's eyes were several large screens. Some of them show data on various precious metals futures contracts on major futures markets around the world. Some are data about major stock markets in the world, these stocks. A wall made up of dozens of large screens, covering almost every investable category in the world. Abel looked at him calmly and then walked over to his favorite chat screen. There are a total of three large control screens, on which trend charts of a large number of currencies are displayed. Abel caught a glimpse and activated his own talent. In this highlight, the British pound is the currency that attracts his attention. Immediately, he ordered his team to open the GBP/USD chart. He noticed that in the current daily chart, GBP/USD has fallen for 6 days in a row. In the monthly chart, GBP/USD has fallen near the 5-day moving average and has strong support here. To understand them, you just need to study some foreign currency investment documents. But if you want to find business opportunities and profit points here. Either they are particularly sensitive to this aspect of trading, or it is just a coincidence. The same goes for Abel, he belongs to the third category that can be hacked. After observing for a few minutes, Abel decided on the next hunting direction of the Smith wolves. "This time it's good to create a short-term sterling wave!" He turned around and took the microphone from David Mellon, who followed him all the way, taking each step like a humble schoolboy. "This time we are focusing on sterling in the foreign exchange sector." "Can anyone tell me? How many accounts do we have that can trade in the forex market? Abel asked a question, but the ordinary employee below did not need to answer. David Mellon stood next to him, hands raised like a schoolboy. "The total quantity is 3,500!" Abel looked at David Mellon with interest, but his smile quickly disappeared. Because he saw the desire in David Mellon's eyes. This is exactly what the hyenas of Wall Street want when they are looking for money. "So tell me, how much money is in the Smith Capital account?" Like the previous question, David Mellon answered after a few seconds: "$13.05 billion! » Before I knew it, it had only been two months. Smith Capital's funding increased from about two billion dollars two months ago. Currently expanding crazily up to 13 billion. Of that $13 billion, $3 billion corresponds to the $3 billion that Smith Capital first raised from private equity. The remaining $10 billion was money in Abel's name, held in Smith's capital account, and interest earned from previous investments. 13 billion dollars. Calculated, this equates to about $5.5 billion for private equity funds, and Abel has $7.5 billion in custodial funds. in other words, Does not include Abel's assets outside of Smith Capital. As for Smith Capital, its free cash flow stands at $7.5 billion. In addition, the private placement is 13 billion! Count your outside investments. The Los Angeles Times says he's a billionaire and that's not wrong. After getting these two data. Abel held the microphone and said: "So this time we're going big! I declare that after the plan begins, all Smith Capital operators are not allowed to leave the Smith Building!" "Anyone interested in participating in this event should submit their contact information." "During the investment period, the entire Smith Building was a financial paradise." "No one is allowed to go out and no one is allowed to come into contact with strangers except me." "Whoever cannot do these things can stand up. I can give you a few days off with pay. After Abel's words, Smith Capital's employees, who were initially silent, became a bit restless. The entire Smith Building, transformed into a financial paradise? All traders in the company can participate. This...This scene is so big! "I'll give you three minutes to think about it!" Then everyone heard the boss repeat this. Three minutes later. No one wants to leave. Before that, Smith Capital had never played so big. This time the game will be so big that many people will want to know what the boss wants to do. Moreover, they completely submitted to the decisions of the boss, who won all the battles. Since this is a very important decision, this means that there can be extremely large profits later. For employees like them, this is a huge reward. In this case, none of Wolf Smith will refuse. "GOOD!" Abel nodded with satisfaction. I just decided. If someone really doesn't want to participate, he will let them go out to rest. But looking back, he definitely would have fired those people. Capitalists, what they say and what they actually do, how can they be the same? "David, this time I'll use 10 billion dollars." "We want to fight sterling for the long term!" "A total of 3,500 accounts and 1,000 accounts have been selected. Let each of their traders manage 10 accounts!" Before the action begins. Smith Capital's $10 billion will be evenly distributed among 1,000 accounts. Each account has a fund of 10 million USD and these accounts are located at the world's largest banks. David suppressed the shock in his heart and said: "10 billion! Always a change! With $10 billion in long money against the British Pound, David was shocked, the amount was huge! 10 billion dollars of financing, what a concept! Even the Bank of England must avoid using heavy leverage. Although Smith Capital also spent nearly $4 billion on its latest international crude oil futures trading fund. But this is international crude oil futures, and its risks are much lower than foreign exchange. Even London Gold, under normal circumstances, has much lower risk than currencies. Risking $10 billion in international currencies and crude oil trading are not the same. But at the same time, in terms of profits, it's not too bad. The higher the risk, the higher the reward. But. David Mellon did not want to interfere. Up to now, he has been with Abel for nearly a year. Abel's activities and investment ability were inherently a kind of blind faith. Thinking of this, David continued to say: "Boss, we are preparing to fight now!" Abel immediately said: "Oh, so today you started building a long position in the European market, GBP/USD, GBP/EUR, GBP/CAD..." "This time it's just a short-term buy position!" "We will let you know when to start closing positions!" This time, $10 billion will certainly exist against the pound, but it cannot be destroyed. The British pound rises and falls frequently, especially due to problems in Scotland. His tendencies are especially violent. If the position is not well established, it is easy to be passive. If the position closes poorly, even if there is a long-term profit, losses can occur due to a sudden depreciation of the British pound. This time, I am in a long position against the pound, even at the open, Abel intends to watch more. David Mellon said solemnly: "Boss, I understand!" As a noble son of Wall Street, David also clearly understands the trend of the GBP currency. Currently, GBP/USD has fallen for 6 consecutive days and the downtrend is still very clear. If it were him, he wouldn't dare to hold a long-term GBP/USD position! The GBP/USD exchange rate has decreased for the 6th consecutive day. This platform hunting behavior is very reckless. But Abel is different! David felt he was in front of Abel. Just run the command yourself! (end of this chapter)