Start from 1980

Chapter 522 Report Back
"But what?"

"Dave Marquardt has no intention of selling his shares, and Paul Allen claims that when he left Microsoft, Gates tried to buy his stock at $5 a share, and when Allen asked At $10, Gates turned it down."

Bernice said: "I have contacted him. He intends to sell 18% of the shares in his hand. He wants to keep 10% and will not sell all of them."

"You can buy it." Su Chen thought for a while: "Let's get in touch with Allen, do we have any funds that we can use now? I'm talking about whether there is much money if we reserve the shares to buy Jobs?"

Because before he left the United States, he instructed Bernice to buy some futures and stocks that could make money in the short term, as long as they buy low and sell high, they don't need to hold them for too long.

At the same time, many stocks are very gratifying now. Even if there are fluctuations, they will not be as scary as they were during the stock market crash.

This is due to the Reagan administration. At the beginning of Reagan’s inauguration in 1981, the U.S. economy faced severe stagflation problems. In addition, the economy also faced problems such as excessive government spending, fiscal deficits, excessive government control, and excessive tax rates.

Therefore, the Reagan administration adopted a series of measures to fight inflation and stimulate economic growth, which made the US economy continue to prosper, the unemployment rate was low, and the stock market continued to rise.

This series of measures made the entire securities market behave as a bull market, and the S&P 500 index rose by 160%.

The period from 60 to 85 was the era when price investors showed their talents, and Buffett made a lot of money during this period.

Su Chen didn't catch up with the bad timing of the previous period, but he can catch up with a good timing.

Throughout the past 100 years, the three most suitable investment stages in the U.S. stock market are:

From 1932 to 1965, the market rose from 40 points to 1000 points;
From 1985 to 1999, the market rose from 1000 points to 10000 points;
From 2000 to 2019, the market rose from 6000 points to 26000 points.

This leads to a conclusion: After the stock market crash, the long-term slump and low valuations are the gestation and seeding period for the next round of prosperity.

Similarly, stock market crashes are used to make a fortune.

I just said that Su Chen got lucky because he hit the Nasdaq index, which is a rare bull market in the history of the US stock market.

In 1984, the Nasdaq market was founded, and then it went on a bull market for 16 years. The index rushed from 237 points to 2000 points in 5132, and the index increased by as much as 20 times.

During this period of time, the Nasdaq index only had a small negative line in 1987, 1990 and 1994, with slight adjustments, and it has been unilaterally upward at other times.

Listed companies on Nasdaq cover all new technology industries, including software and computers, telecommunications, biotechnology, retail and wholesale trade, and more.

Mainly composed of hundreds of fastest growing advanced technology, telecommunications and biological companies in the United States, because the United States has been biased towards such technology stocks since this time.

Su Chen's investment in the stock market cannot be said to be 100% profitable, but it is not likely to lose money.

Moreover, the trend of U.S. stocks is very regular. The basic law is: since 1854, it has generally shown a box-shaped arrangement-continuous rise-box-shaped arrangement-continuous rise. The general law of each box-shaped arrangement is 12-16 years, The time for a continuous rise is 10-18 years.

同时，美股几大幅下跌次数寥寥，纵观多年每股走势历史，跌幅在50%以上次数仅几次，分别是1854年到60年代初期、1929年到1932年、1937年到1942年、1972-1974年。

In addition, the U.S. stock market has hotspots corresponding to economic growth and change in each historical stage. The distant ones, such as the famous railway construction, and the recent ones, such as network technology, are all highly sought after in the stock market.

But ashes return to ashes, dust returns to dust, and the long-lived companies that have settled down have a single feature: they do not require too many fixed assets (so-called asset-light) services, and consumer companies such as banks, investment banks, and fast-moving consumer goods live the longest. .

All he invests in are such stocks, and his moves are very bold, usually with leverage of several to ten times.

Bernice said a little excitedly: "Boss, I have to say that your operation in the stock market is very bold, now we do have extra money, and we have paid off Wells Fargo's debt in the first quarter, and now we have four more Billion dollars are available, and there is no problem buying shares in Apple and Microsoft.”

"In addition, because we frequently make money in the stock market, we have now attracted a lot of customers. Our company's own profits plus customer service fees, so we now have sufficient funds to use."

She felt that it was definitely a smart choice for her to come here from Wells Fargo Bank to work here, not to mention that she is at this age now, and after a few more years at Wells Fargo Bank, she will almost retire.

On Jinbaopen's side, however, he can manage a large branch company.

Similarly, the boss's operation in the stock market is not a magic hand, but every investment is very bold, and the loss is not much.

Hearing this, Su Chen nodded: "Yes, but investment is risky. I hope that the whole company can achieve a unified system. Behind the high development, there will be hidden dangers. No one should take it lightly."

"Tomorrow you go to meet with Jobs and Allen. Regarding the shares in Jobs' hands, our highest price is 6000 million US dollars. As for Allen's offer, you can grasp it. The lower price should be lowered, and Microsoft has not yet Listed, at most [-] to [-] million."

"Good boss." Bernice said seriously: "Tomorrow, I will lead the team to negotiate. I have the ability to think that we can lower the price."

"Okay." Su Chen nodded: "If there is anything, please contact me in time."

Now that there are people under his command, it is naturally impossible for Su Chen to watch in person. As he said, people's energy is limited, and it is impossible to do everything by themselves.

He turned to look at Cao Jiaxin: "Where is your side?"

"Boss, apart from this incident, everything else is just as you said before, specializing in the trading of technology stocks." Cao Jiaxin said: "In addition, on the Shengshi Credit side, Sandy and his team cut unnecessary business, and also formed a written report to me.”

She took out a document: "This is the report that Sandy submitted to me."

"Speak verbally," Su Chen said.

Listening to reports is a kind of indirect investigation and research.

In daily work, superior leaders often have to listen to reports to understand the situation at the grassroots level, and the form of listening to reports is also a yardstick for measuring leadership methods and ideological levels.

Su Chen doesn't like to report according to the scriptures. Oral reports have at least two advantages: one is more truthful and less stereotyped.

Written reports are often modified and processed in many ways, and it is easy to wear boots and hats and talk routines, while oral reports can keep the original flavor;

Oral reports are required, and the reporter does not need to make formalistic preparations. Based on the usual investigation and research and practical work experience, he can speak concretely and vividly, expressing his own opinions and thinking.

From this perspective, listening to the report is not only an observation and test of the subordinates, but also a concrete display of the superior's ideological level and leadership ability.

If Cao Jiaxin got this document and didn't even read it, what's the point of reporting this document?
"Good boss." Cao Jiaxin began to report to work: "According to the documents submitted by Sandy, he believes that the company should concentrate its funds on more profitable industries, so it terminates the credit business in Israel, and at the same time, transfers the loan projects in Latin America. Removed from the company's development plan."

"He suggested that the company should look for some undervalued companies for mergers and acquisitions, and suggested that the company expand the scope of acquisitions overseas."

After listening to Cao Jiaxin's report, Su Chen nodded: "Authorize Sandy to do it, is there any other problem?"

"Yes." Bernice said, "It's Qualcomm."

"Qualcomm, what's the problem with them?" Su Chen's face also became serious.

"It's not that they have a problem, it's that I think there is a problem with the equity allocation. At the beginning, the boss allocated them a total of 40% of the equity, which included dividend rights and voting rights, so my suggestion is to change the equity allocation."

Bernice said seriously: "Either they hold virtual restricted shares, which only have dividend rights, but no ownership, voting rights, and cannot be traded. Once they leave the company, they will automatically lose relevant rights and interests."

"Because they are equivalent to the engineers we hired, while we pay high salaries, we also provide funds for them to do research, in case they leave with technology in the future, we have to change the equity."

Su Chen nodded: "I'll leave it to you to deal with it. I really didn't think it through and try to keep people, because they are a team. If one leaves, the others will probably leave too."

"Okay boss, I'll talk to them when I'm done with Microsoft and Apple." Bernice opened a document and said, "Another thing..."

(End of this chapter)