America's Road to Wealth

Chapter 162 What Makes Wall Street Giants Gather

Abel originally wanted to say hello to Ikana and his daughter.

But tonight, at this reception.

Without a doubt, he was the most watched one.

He had just taken two steps when he was blocked by someone.

The man who blocked him was Richard Fuld.

The two did not know each other before this.

The name Richard Fuld is very prominent on Wall Street.

He is one of the four major investment banks on Wall Street and the CEO of Lehman Brothers.

"Business Week" once called Richard Fuld "the bulldog of Wall Street" and he was one of the famous giants on Wall Street.

"Hi, Mr. Smith. I'm Richard Fuld."

The CEO of Lehman Brothers is a black-haired white man, an Italian-American, who has run Lehman Brothers since 1994.

"Hello, Mr. Fuld. I'm Abel Smith." Abel smiled and shook hands with him.

The reception of Smith Capital today invited the CEOs of major Wall Street investment banks and financial groups.

The CEOs of the four major investment banks are all invited.

Dare to invite these four CEOs once, and there is a high probability that they will come again.

This means that Abel is now in a state of Wall Street sweets and potatoes.

And tonight, Abel also used his trump card against Wall Street.

Only dare to do such a thing.

Next to Richard Fuld stood Bryn Bulley, chief financial officer of Lehman Brothers.

Abel had known Bryn Bulley the last time he was at a Hilton family dinner.

Later, it was the first private placement of Smith Capital.

It was Bryn Bulley who contacted Smith Capital on behalf of Lehman Brothers.

In private placements of $30 billion, Lehman Brothers took fourth place, with a total investment of $2.5 million.

"Hello, Mr. Bully." Abel greeted Bryn Bulley on the side.

The latter responded quickly.

Among the CEOs of the four major investment banks, Richard Fuld is undoubtedly the most authoritative one in the company.

Richard Fuld is here, and Bryn Bulley doesn't have much authority to speak.

This is just the opposite of Merrill Lynch.

On the Merrill Lynch side, CEO David Komansky doesn't have much authority.
"Mr Smith."

The bulldog of Wall Street is as direct as his name suggests.

After the simple greetings, the Italian asked a question directly.

"Smith Capital is undoubtedly a successful company. Mr. Smith, you are a very successful investor."

"Such a generous Mr. Smith."

"Is what you said in the invitation letter true?"

"You said that you will lead Smith Capital and share your success with Wall Street. Is this true?"

A question from Richard Fuld was straightforward.

Directly pointing at more and more Wall Street giants, one of the most urgent ideas recently.

That is. Investing in Smith Capital! !

In fact, this is in Wall Street.

It's not too much to ask.

Except for those small companies, any large financial company on Wall Street.

Behind them, there are a large number of shareholders.

Not to mention the listed giants of the four major investment banks.

They have tens of thousands of shareholders, and hundreds of them account for more than 0.1% of the shares.

Like Warren Buffett's Berkshire Hathaway, its single stock is the most expensive in the world.

But it also has thousands of shareholders.

As the founder of Berkshire Hathaway and the controller of everything in the company.

Buffett himself actually only owns 15.6% of Berkshire Hathaway.

The four major investment banks on Wall Street, as well as other giants on Wall Street, have similar ideas for Smith Capital.

In fact.

There are two types of invitations for this evening's party.

One is an ordinary invitation letter, which is what most guests get.

Another kind of invitation, but it contains Smith Capital, which will announce the first round of financing this evening.

This is Abel's biggest killer on Wall Street at present.

It was also he who dared to invite so many Wall Street giants at once.

Also think they should all come.

Richard Fuld was a very ego man.

The other Wall Street giants who got the news still wanted to be polite.

Wait until Abel announces later, and then make contact.

"The Bulldog of Wall Street" came up directly on behalf of Lehman Brothers A.

Confront Richard Fuld with naked, very direct questions.

Abel wasn't angry either.

This matter is a result of his thinking for a long time.

He knew that if he really wanted to gain a firm foothold at the top of the country.

It is absolutely impossible not to share their success with outsiders like the male protagonists in Chinese online novels.

Regarding the matter of other giants wanting to invest in Smith Capital.

He already knew that such a day would come.

Unless you don't want to be big, unless you want to fight against the entire Wall Street on your own.

Otherwise, this day will come sooner or later.

What Abel can do is to choose his allies, and the time and timing for these allies to join him.

And in this process, master the greatest autonomy and control.

Manpower is sometimes poor, and you can become a billionaire, or even the richest man in the world, by yourself.

But Abel felt that it was only on his own strength.

If you want to form a real consortium, it will be too difficult.

Even at the beginning, with money that is much easier than the wind blows, he can gather a large enough industry.

But in the follow-up management and development, it is bound to be because of his ordinary business management ability.

In the end, the consortium was gradually split because it could not control the entire consortium.

One involves hundreds of large companies, across multiple industries, and across multiple countries.

A large consortium involving the employment of tens of millions of people.

Only relying on the ability of the founder alone, if you want to manage it well, it will not work for Zhuge Liang.

Even Zhuge Liang, in the end, did not devote himself to death, and died of overwork in his 50s.

Take a look at the large consortiums and chaebols that have emerged and formed.

Almost without exception, they are all headed by a family.

Then this leading family will unite with many other wealthy families.

These wealthy families, then influence and unite the next-level families, and finally control the entire consortium layer by layer.

Like Herbert's family who have basically won now.

In the generation of Herbert's grandfather, it was actually just a medium-sized family under the Rockefeller consortium.

It is Herbert and his father who are more competitive, and the father and son have developed their family.

A Rockefeller consortium, the name is Rockefeller, and the main controller may also be Rockefeller.

However, those who share the power of the consortium and make contributions to the consortium at the same time may have more than dozens of families behind them!

These families gathered together, united because of their interests, and then through marriage and other means, finally formed a terrifying alliance of interests.

If Abel had just been reborn and had just discovered his "talent", he had such an unrealistic fantasy of dominating the United States.

After nearly a year of working as a capitalist, I learned a lot about the inside story of this country.

He knew that his previous fantasies were really nothing but fantasies.

If you want to be above the world alone, unless you are a god on earth.

Has the extraordinary power of superman to crush the world.

Otherwise, the people of the motherland will do as well.

Otherwise in the real world without superhuman powers.

The only way is to make your family grow as much as possible.

Then through your own family, unite with other powerful families.

Under the strong alliance, extend your tentacles to the whole world.

In this way, the goal is achieved.

Stronger than Zulong.

Only the "survivors of Fen VI" and the talents from powerful military families under his command can unify the six countries.

Without the ten handsome men and other heroes, the great man himself would not be able to achieve great achievements.

Facing Richard Fuld's slightly awkward question at this moment.

Abel smiled slightly, and said softly:

"To that question, my answer is, yes. It will be announced later."

"Smith Capital, any investor joins in and becomes a shareholder of the company."

"Smith Capital needs a strong ally!"

His answer made Richard Fuld's eyes light up.

"Hahaha~ This is really great. Lehman Brothers, willing to be Smith's ally!!" Richard Fuld's voice became excited.

His voice is loud.

The Wall Street bulldog has always been like that.

This earned him a lot of praise in the media.

But it also made him offend many people in the industry.

Richard Fuld himself did not expect to ask this question himself.

To be able to get such a definite answer from Abel.

In the invitation letter, Smith Capital only mentioned a vague sentence.

"Hahaha~ Yes, Smith Capital needs friends." Abel smiled.

It is the qualifications of these friends, the ratio of shares, and other requirements.

It's up to me to decide.

Abel thought to himself.

"Ah~" Richard Fuld's voice became a little louder, and he said a little excitedly: "This is really the most wonderful news I have heard in the past month!"

As a Wall Street giant, he is also one of the middlemen of Smith Capital.

Lehman Brothers is the same as Merrill Lynch, Goldman Sachs and other investment banks.

They all can, through the flow of funds invested in the market by Smith Capital.

Roughly speculate about the investment direction and profits of Smith Capital.

These tycoons all have Smith Capital's rough speculation on investment profits in the past six months.

That is, among the giants, there will be slight discrepancies in the estimated amount of Smith Capital's profit.

After all, for the sake of insurance, the middlemen and guarantee banks of Smith Capital will never only be placed on two or three banks.

At least a dozen banks are used each time, first to spread the risk, and second, to ensure the confidentiality of the investment.

Without exception, these giants have estimated the investment profits of Smith Capital in the past six months.

Unified, the amount is very staggering.

To put it simply, everyone can predict the profit of Smith Capital in the past six months to a certain extent.

And the forecast figure will be several hundred million dollars different.

But the numbers they predicted were all terrifying without exception.

Like Lehman Brothers, there are three estimates of Smith Capital's investment profits in the past six months.

One is $76 billion, one is $80 billion, and the other is $79 billion.

No matter which one of these figures is, as long as it is true, Smith Capital will be able to become the most profitable company on Wall Street this year.

Last year, the most profitable Wall Street firm was Goldman Sachs.

The net profit in Goldman Sachs' 1999 financial report was US$42.15 billion.

Compared with Goldman Sachs, Lehman Brothers' net profit last year was only a pitiful $15 billion.

in other words.

If it were Lehman Brothers, there would be no mistakes in Smith Capital's profit estimates for the past six months.

That means half a year's profit of Smith Capital this year.

It exceeded the combined net profits of the two giants Lehman Brothers and Goldman Sachs for the whole of last year.

This is an unbelievable number.

The top executives of Lehman Brothers all held a negative attitude towards this calculation at the beginning.

But it is the hundreds of traders, analysts, and actuaries under Lehman Brothers who made this calculation.

They used Smith Capital, the flow of funds in Lehman Brothers and other banks with information, and finally made the calculations.

It took more than a week to calculate this number.

If everything goes wrong, or if the result is too different.

Then there is no need for the hundreds of elites like Lehman Brothers to exist.

Richard Fuld could only be skeptical about this.

Lehman Brothers is like other giants in the spirit of killing mistakes rather than letting them go.

They all want to put their tentacles into Smith Capital.

Then investing in shares is a good choice.

Now that he has obtained "approval" from Abel, Richard Fuld is of course excited and happy.

This is if the profits of Smith Capital are real, and then Lehman Brothers takes a stake.

This is equivalent to after that, Lehman Brothers gained an extra cash cow and a cash cow!
Facing the excited Richard Fuld, Abel smiled.

Just kidding, Smith Capital will indeed accept investment, and it is true to accept allies.

This is also his trump card at tonight's reception.

But the pitfall of Lehman Brothers will most likely be excluded.

As one of the four major investment banks, Lehman Brothers is the most radical and the one that laid the most mines.

The four major investment banks have very well-established businesses and basically do everything related to investment.

But there will also be some biases, some businesses that are more focused.

Like Merrill Lynch, it has been more partial to securities sales in the past two years;
Goldman Sachs likes to be a white knight;

Morgan Stanley is keen on large capital investments.

As for Lehman Brothers, after breaking away from the third bankruptcy crisis in 1998.

Led by Richard Fuld.

This investment bank has focused its development on issuing a large number of mortgage financial derivatives.

The advantage of doing this is that just in recent years, the real estate industry in the United States has developed very well, and the national real estate industry is in a bull market.

This fed Lehman Brothers and made a lot of profits.

So much so that it is currently ranked in the top two among the four major investment banks.

With the spring breeze of the real estate industry, it is too easy to make money.

Lehman Brothers has become path dependent.

The mortgage financial derivatives it issues every year will only increase.

If the real estate industry in the United States can continue to rise, it is certainly very good for Lehman Brothers to do so.

It is estimated that in a few more years, it will be able to reach the number one in the United States.

However, the real estate industry in the United States is obviously impossible to be in a state of prosperity forever.

When the bubble comes, Lehman Brothers, who put his life on the sidelines, can imagine the result
Abel has already decided that even if the time comes, he will accept Lehman Brothers' shareholding.

Its shareholding ratio must also be the lowest.

Not so Richard Fuld.

Lehman Brothers is now the most proud of Chunfeng among the four major investment banks.

Richard Fuld felt that if Abel opened Smith Capital.

Then Lehman Brothers should be able to eat the fattest piece.

This pleased Richard Fuld, of course.

His happy look also attracted the attention of the guests at the reception who had been paying attention to this side.

Many people are speculating on what benefits the "Wall Street Bulldog" has gained from the "Wolf of Wall Street".

With this guy's character, he would be so happy.

This is very curious.

Especially those special guests who have received special invitations tonight.

It's even more itchy.

A lot of people were worried, most of all Richard Fuld.

Have you already eaten the fattest piece of meat?

If someone is worried, someone will act.

Paulson, the president of Goldman Sachs who just got out of the elevator, and the future Secretary of the Treasury B of the United States.

To see Richard Fuld smiling so happily next to Abel.

Paulson gave a mental bang and walked over immediately.

And with a distance of several meters, he smiled and stretched out his hand to Abel loudly:
"Mr. Smith, Mr. Smith! Hello, I'm Christian Paulson! Nice to meet you!"

Compared with Richard Fuld's abruptness just now, Paulson's tone and attitude are different.

He is so kind, people who don't know him think he is an ordinary MD of Goldman Sachs who came to attract investment.

MD, Vice President.In investment banks, it is generally the position of the most junior salesmen

But in fact, he is the CEO of Goldman Sachs.

Among Wall Street, it also belongs to the kind of existence that is one of the best.

"Hello." Abel stood still, but he also took the initiative to smile and stretch out his hand.

This scene fell in the eyes of Ted Lena and Ikana in the distance, and Ted Lena couldn't help whispering to his daughter:
"Wow, look at him. He doesn't move. Paulson wants to come over and shake his hand. My dear, this boyfriend of yours is such a proud boy!"

Before Paulson became the CEO of Goldman Sachs, he was already a senior executive at Goldman Sachs.

Renowned on Wall Street, belonging to one of the top elites in New York.

Let's say that.

At this time, Ted Lener may not be able to go to the Goldman Sachs headquarters to meet Paulson.

What's more, in this kind of public occasion, enjoying the treatment of Abel.

Ikana was also a little surprised.

She knows her boyfriend is great.

But I didn't expect it to be so powerful that even a giant like Paulson would "treat each other with courtesy" like this.

There was Richard Fuld, the Wall Street bulldog, and Paulson later.

Two of the CEOs of the four major Wall Street investment banks have come.

"Look over there." Ikana suddenly said to her father Ted Lena:

"In the elevator, that one seems to be Philip Purcell? The one next to him seems to be David Komansky?"

"Oh! The CEO of Morgan Stanley and Merrill Lynch are here together. Now the four major investment banks are all here!!"

Beside her daughter, Ted Lener had fallen silent.

The arrival of Richard Fuld and Paulson was shocking enough.

All the CEOs of the four major investment banks have come, which is no longer as simple as shocking people.

Ted Lener realized that the reception tonight would definitely not be that simple.

There is nothing but profit for these oligarchs to emerge together.

　I went out today and didn’t come back until after nine o’clock. There were only two shifts in the evening, but I will make up for it tomorrow. In short, there will be four shifts every day this month.Let everyone know, so that you don't have to stay up late and wait, you can watch it tomorrow morning or at noon.

　　
　
(End of this chapter)