National Tide 1980.

Under the covert and subtle promotion of Ning Weimin, the flash crash caused by "Black Monday" directly led to the death of Ikuo Suho and the destruction of the Burning System.

This incident may be just one of the few extreme cases in Japan's bubble economy process.

After all, even if people who trade stocks use leverage, few people gamble as big and as aggressively as Ikuo Suho.

This guy borrowed the capital at all costs, and even got twice the amount through a brokerage firm.

It was his desperate play that caught up with the extreme market conditions, which broke through his closing position line.
In fact, if he could be less greedy and hold on a little longer.

He will be able to walk out of the darkest moment again, feel the power of the Japanese capital market, escape death, and even make a fortune.

After this stock market crash, Japan, as the only country that did not lower interest rates, was the first country in the global capital market to recover.

Stimulated by the worldwide enthusiasm for profit, it won't be long before the Japanese stock market becomes as vigorous as it was before "Black Monday" and leads the world again.

By then, the Nikkei index will not only recover its lost ground, but will also set new highs, with room for nearly doubling.

Every one of the speculators in Japan who have suffered such a tragic experience this time will probably forget this heart-wrenching pain and party all night long.

But then again, "Black Monday" was just an accidental phenomenon in the bull market.

However, we must admit that most people who know little about stocks and speculate based on emotions, either out of greed or ignorance, are bound to lose money in the end.

Because of the law of chasing highs and selling lows, they can never escape or hide. They will jump back and forth between greed and fear repeatedly, and being harvested is inevitable.

After all, the winners in the stock market do not rely on money in essence. Apart from a little luck and knowledge, it mainly depends on mentality. Only with a good mentality can one remain rational.

Once their mentality collapses, no matter how good the market conditions are, they will always make wrong choices and will inevitably be hurt by the jagged edges of stock trends.

Just like Supervisor Senkawa and Vice President Takata of Pierre Cardon Co., Ltd. of Japan.

Compared to Suho Ikuo, they are currently suffering much less losses because they have less leverage. With a principal of 500 million yen and a financing leverage of 200 million yen, they only lost 290 million yen.

If they could be more single and stop now and admit defeat, the two of them could barely afford the compensation with the money pooled together.

There would be no worse situation.

But the problem is that their funds were all public funds embezzled from the company. They threw aside morality, ethics, career and future and secretly invested in the stock market just to make money. Now they have not made any money, but instead need to use their own savings to fill the hole.

How could they not feel bad? How could they be willing? How could they be calm?
It is inevitable that the mentality will collapse, and mutual accusations are unavoidable. Even swearing and fighting are normal.

However, they are like gamblers who have lost all their money. They are absolutely unable to accept the fact that their investment has failed, and can only go further and further down the wrong path.

"Ishikawa, it's all your fault. You persuaded me to embezzle accounts receivable to buy stocks. Now look what happened! We've lost a lot of money because we listened to you!"

On November 1987, 11, in Koto District, Tokyo, in the Japanese-style room of the small restaurant called Ogi-ya, President Takada slammed the table and glared like a red-eyed rabbit.

"Don't talk nonsense! How can you blame me for everything? This is something you and I did together!"

Supervisor Ishikawa, who was sitting opposite him, quickly moved away, both for fear of being beaten and to avoid being spitted at.

"Besides, I just wanted to help you make money, but who knew you would be so unlucky!"

"Ah? Blame it on my bad luck? How can you say that, you bastard! You're so kind! I asked you, did the stock go up? Did it go up? Huh?"

"Hasn't it gone up before? It did go up at the beginning. I'm not wrong. To be honest, I've been unlucky since you joined. You caused me to lose money too! I haven't blamed you yet."

The friendship of the plastics ally was long gone. Faced with Supervisor Ishikawa's shirking of responsibility, President Takata shouted desperately, "Don't evade your responsibility! Bastard! I really regret listening to your nonsense! How do you know anything about stocks! How much was NTT worth originally? How much is it now?"

"How can you say such a thing? After all, you can't even read financial statements. I am better than you in any way. Besides, NTT is not my choice. It was you who firmly believed that NTT would not lose money and insisted on buying this stock with the first 300 million yen raised..."

"What about the additional positions? The 200 million yen I got was the stocks you picked, right? And you also tricked me into adding leverage, which caused these stocks to lose money at a doubling rate!"

"Yes, this is my responsibility. I don't deny it, but who was it that insisted on selling at a low point a few days ago? If you had listened to me and held on for even one more day, there would have been a rebound. Selling at a high point would have saved you at least 60 million yen. But you actually went crazy and covered your position at the high point, and I couldn't stop you, which led to such a huge loss. Don't you have any responsibility? Don't make yourself sound so innocent."

"Then you are also primarily responsible. I don't care, you must give me an explanation anyway! Otherwise I will kill you..."

"No, no, no!"

The two sides kept blaming each other, although Ishikawa was quite eloquent and had the upper hand in verbal attacks.

But Takata was even more arrogant and excited.

Seeing that President Takada was not in a good mental state and worried that he would really do something, Supervisor Ishikawa was frightened and came over to comfort him, "Okay, okay, it's my fault, okay? I should take most of the responsibility, is that okay? Don't let our friendship end."

"Friendship? What kind of friendship is that! Do you think I will still consider you as a friend? You are my enemy now! I wish I could bite you to death and eat your flesh raw!" Takada didn't give him any face at all.

"Alright, alright! I understand how you feel, but you need to stay calm and listen to me. When we encounter difficulties, we should unite and deal with them together. You don't want others to find out, so let's die together."

"You bastard, are you still trying to deceive people? Bastard, if you want to die, I'll grant your wish!"

Given President Takada's understanding of Supervisor Ishikawa, having suffered losses twice before, he naturally knew what his colleague was planning to do next.

This time he finally couldn't help it and rushed over, grabbed his neck, and stared fiercely at the face that made him sick.

"I'm telling you, stop having these tricks! I won't listen to you anymore! I know what you're going to say. You still want me to get money to cover your position? No, you! I won't do it this time! If you do it, you'd better get me 200 million!"

"No, no, you have to calm down."

Unable to dodge this time, Ishikawa finally panicked. He struggled and said, "Where can I get the money? You...you...you let me go first, and we can talk it over slowly!"

"No room for negotiation. If you don't agree, I will kill you right now, you beast! We are all doomed anyway. The annual settlement will be done in March. What will we do then? I will turn myself in, kneel down to apologize to the president, and confess everything. Let's go to jail together."

"It's not that serious. I... I know you're feeling bad, with so much loss and so much pressure, but... but you have to believe this, there's no stock that only goes down and never goes up. Take a good look at those stocks, which one didn't go down and up, go up and down. As long as we have money to compensate, we don't need these stocks to go up too much to make back our investment. There are still four months left, I'm not in a hurry, why are you in a hurry!"

This was the first time Takata took action and spoke to Ishikawa in such a strong manner.

Perhaps because he knew that the man in front of him was on the verge of exploding, Ishikawa's attitude was not angry, but softened.

"You said something nice, but you never kept your word. I don't believe you at all now! I don't believe you anymore!"

It seems that Takata is determined to continue to exert extreme pressure on Ishikawa, and he wants to take advantage of Ishikawa's illness to kill him. Especially his scary demeanor is really abnormal. Ishikawa can't help but worry that he will do further extreme behavior.

"You're crazy. Takada, is there any benefit for me if I cheat you? Fine, fine, I'll make the money this time, will you be satisfied with that?" Ishikawa was really anxious. He was afraid that Takada would go crazy and take him with him. He was no match for him physically, and he was seven or eight years older than the other person, and he also had cardiovascular disease.

The forty-year-old Takata was a bit muscular, and it was not impossible to strangle him to death. He didn't want to die unjustly.

So he compromised and kept begging.

"Let me go now. Look, you've already achieved your goal, and I've promised you, so why are you still holding on to me?"

"Don't treat me like a fool! You can't get away with it by just saying a few words! Since you agreed, just tell me how you plan to get the money!" Song Ya asked angrily.

"I... I can use the company's stock account as collateral for financing, right? I'll discuss with the securities company and transfer the money to our account to help us make a profit. They won't object as long as they can make money. The company's stock account has 1 billion yen. Think about it, we still have money, enough to support us to get our investment back. Believe me, we still have sufficient financial support, and we are far from desperate, but you must have confidence first..."

These words finally convinced Takata, and the next day, the Japanese stock market really began to recover.

In this way, he quickly regained his lost confidence from the gradually rising stock price.

His relationship with Supervisor Ishikawa also improved as a result, and as they gradually increased their holdings, they became brothers again.

However, they have never thought that their inverted pyramid investment, which involves buying more stocks as the market gets better, is actually a big taboo in stock trading.

Especially when they lose money, they will try to double their bets to cover their losses, which is no different from gamblers who refuse to leave the table once they sit down.

6◇9◇Book◇Bar

Yes, it is true that there is no stock that only goes down and never goes up.

But even if they win this round, what about the next one?
They will just go all in more resolutely and won't listen to anyone.

And it would be meaningless even if they won a thousand times.

Because if they lose once, they will never be able to get up again.

As for the two bosses of Pierre Catton Co., Ltd. of Japan, neither Hasegawa Hidehiro nor Pierre Catton who was far away in France knew that their common enterprise was like a big tree which was almost riddled with holes by two termites.

The company that originally had stable income and expenditure is now in danger...

Coincidentally, for the people Ning Weimin knows, in addition to Ishikawa and Takada, another person who suffered financially from the stock market crash was Zuo Hai Youjiro.

The money he lost was not much, definitely not as serious as that suffered by Ishikawa and Takada.

He entered the market with 500,000 yen, and now has more than 300,000 yen left, and the original capital he lost is less than 200,000 yen.

But the problem is that there is a problem with his source of funds.

Like Ishikawa and Takata, he entered the market with credit funds, borrowing the money from Takefuji.

As he has to pay a considerable amount of short-term interest every month, he is under great pressure to repay the loan.

And there is one thing that he shares with Ishikawa and Takada: he is unwilling to lose money in vain.

He firmly believed that he lost money in stock trading, but of course he could make it back by trading stocks.

This way of thinking means that he has the basic elements of a gambler - he wants to get his money back after losing.

So on November 11, after wandering for a long time in front of the business outlet of another micro-loan company, Zuo Haiyoujiro, under pressure to repay the loan, put out the third cigarette butt he had smoked, and finally decided to tear down the Peter wall to repair the Paul wall, and pushed open the door and walked in.

This loan company is located on the road that Yujiro Sakai must take to and from the station when he goes to and from get off work in the morning and evening.

Although not as famous as Takefuji, it has numerous chain stores and can run large-scale advertisements on TV and on the streets.

But their salesmen also often distribute matches and tissues with loan product advertisements sandwiched between them near the station.

In fact, the day before, because the repayment date for the 500,000 yen he borrowed from Takefuji was imminent, Sakai Yujiro called the phone number printed on the matchbox and secretly inquired about how to get a loan, what procedures were required, and how much interest would be charged.

On the phone, the other party said that I just need to bring my medical insurance card. The interest rate is a little higher than Takefuji.

For this purpose, during lunch break, Zuo Haiyoujiro made a special trip there.

When he mustered up the courage to enter the house, he showed them his insurance card and said he needed a loan of 500,000 yen.

Unexpectedly, after just a short wait, the person from the loan company gave him this reply with a smile on his face.

"Is 500,000 yen enough? There are many people who need money now. We are aware of your situation. If you are willing, we can prepare 700,000 yen to 1 million yen for you. What do you think?"

Looking at the smile on the other person's face, Zuo Haiyoujilang felt a little uneasy, but it was as if a stone had fallen from his chest, and he felt very happy.

It's complicated.

Although he had already borrowed money once, he started stuttering again like he did last time in Takefuji.

"Five hundred thousand should be enough. But...can you give me the money now?"

"No problem. As long as you bring your name stamp, I can give you the money now. But I still suggest you take a little more money, just in case it's not enough. Wouldn't it be more convenient if you have more money?"

At this time, the female receptionist gently brought a wet towel and coffee to Zuo Haiyoujiro.

The loan company staff continued to persuade him, "You need to keep it a secret from your family, right? No problem, we guarantee the privacy of our customers. So you can take the 1 million yen today. If you don't need it, just pay it back tomorrow, the day after tomorrow, next week, anytime. As long as you pay the interest regularly, the original loan will be paid back."

The funds can be repaid at your own pace.”

The other party's reply made Zuo Haiyoujiro a little overwhelmed, and he responded almost mechanically.

Thus, a full one million yen in cash was placed in front of him, and all kinds of documents were prepared in the blink of an eye.

A large amount of unexpected funds caused Yujiro Sakai's credit debt to reach 1.5 million yen in an instant. This was no longer a problem that could be solved with the salary he would receive in half a month plus his half-year bonus.

But he didn't seem to realize it.

At this moment, there was only one thought in his mind - it shouldn't be a problem to borrow a little more, right?

Everyone is clamoring to cover their positions. If the market improves, it will be much easier to make up for the losses.

If we are lucky enough, the stock market will rise a little by the end of the year, and these debts may be easily resolved. (End of this chapter)