America's Road to Wealth

Chapter 2 The Wolf of Wall Street

When Anne Hathaway pretended to be calm and normal on the surface.

But in fact, I feel nervous inside, under the service of two servants and a professional butler.

In the restaurant of the 7500-square-foot Central Park luxury apartment.

While admiring the beautiful scenery of the park, while eating breakfast.

Abe Smith, already in his Maybach 62, is about to arrive at JFK.

Looking out of the window, the street scene of Queens, New York flashed by.

Abel Smith couldn't help recalling what had happened to him in the past ten months since his rebirth.

That's right, 20-year-old Abel Smith is actually a reborn person.

He was originally a Chinese internet writer in 2022.

Once when I stayed up all night writing, I couldn't bear it and fell asleep.

After falling asleep and waking up, he became an ugly college student from Rice University in Texas, who had just passed the graduation season and received a diploma.

Just when he was panicking, the original body's memory flooded in.

Having obtained the memory of the original body, he knows that he is now called Abel Smith.

His father's name was Alexander Smith and his mother's name was Emily Smith.

Alexander Smith, is a typical Texas rancher.

For generations, my ancestors have been running a large farm in Tarrant County, Texas.

Smith Farm covers an area of ​​up to 6500 acres.

On the farm, a large number of cattle and sheep are raised, and about 50 professional farmers are hired to work on the farm.

Of course, there are supporting agricultural engineering machinery and equipment and so on.

The farm produces large amounts of beef, mutton, and wool each year, as well as cotton, sorghum, rice, and other grains, vegetables, and fruits.

The Smith family earns millions of dollars annually from this farm alone.

After deducting costs, the annual profit is about millions of dollars.

So the original Abe Smith, although not considered a rich man, was definitely the only child of a wealthy family.

More importantly, his father, Alexander Smith, is one of the 75 members of the NRA Board of Governors.

This status is even more powerful than Alexander Smith's annual income of one million dollars and being a multi-millionaire.

The reason is because the full name of the NRA is the National Rifle Association of America.

As for why Alexander Smith can become one of the 75 members of the NRA's board of directors, that's another story.

Transmigrating through the possession to become a college student from an ugly country with such a background.

As long as he follows the rules of the red neck and the rules of Texas, he will have no problem living a chic and unrestrained life.

But
Just when Abe Smith accepted his fate and planned to experience another life in the form of a high-end Texas redneck.

After rebirth, he found out.

Here comes my golden finger.

Goldfinger appears to have two.

One is that he becomes very able to eat, and his body is very strong and good after eating.

This doesn't seem to be a cheat, but it's definitely not bad.

Because this kind of strength is not only reflected in the physical aspect.

Also reflected in the ability to reproduce
Another special feature is really the golden finger.

That's what he discovered shortly after his rebirth.

He could actually see the hidden information behind financial products! !
he tried,

With a principal of [-] U.S. dollars, he made [-] U.S. dollars in a week in the foreign exchange market.

This discovery immediately made him ambitious.

Soon afterwards,

He took $[-] and ran to Manhattan, New York, despite his parents' objections.

Because he feels that this ability should be a duck to water on Wall Street.

that's the truth.

With this ability to consume physical and mental energy, he was out of control when he came to New York.

He first used the principal of [-] US dollars to continue to take risks in the foreign exchange market.

In one month, the principal changed from $100 to $[-] million.

Then he started investing in precious metal futures, mainly London gold and London silver.

Another month and the stake becomes $1000 million.

It took him three months to officially enter the US stock market.

During this period, I occasionally went to the international foreign exchange market and the international futures market to trade grass.

Wait until the end of February this year.

He's already worth over $[-] million.

Then he initiated short selling and betting with all his assets through JPMG Bank and Goldman Sachs Bank, which he has been cooperating with.

The content of the bet is the stock of an Internet listed company that was in full bloom before March this year.

Such as Cisco, Microsoft, Dell, Yahoo and other companies' stocks.

this decision,

In just a few months, he has already gained a certain reputation within Wall Street, and he has been questioned and ridiculed a lot.

It is said that even Jim Rogers, one of the founders of Quantum Fund, laughed and said to his friends after hearing his decision:

"This amazing little guy may have to turn a big somersault this time!!"

Then the time entered March.

2000 3 Month 10 Day.

The NASDAQ (Nasdaq Composite Index), which is dominated by technology stocks, climbed to 5048. At that time, Abel Smith's book loss had reached as high as 2.5 million US dollars.

If it weren't for him to put in new deposits many times one after another.

This loss was enough for him to be liquidated by the bank.

However, since 1995, the NASDAQ index has been in full swing.

After March 2000, 3, it was like a fat man who took laxatives.

It started pouring out.

Although at the beginning, Wall Street market analysts were saying that this was just a correction in the stock market.

It is a technical adjustment.

Don't panic.

But the NASDAQ index, next opened on March 3.

It fell from 5038 to 4879, a full drop of 4 percentage points.

That set off a chain reaction of market sell-offs: investors, funds and institutions began to liquidate.

In just 6 days, the NASDAQ index lost nearly 600 points.

从3月10日的5050掉到了3月15日的4580。

The worst case happened on April 4rd.

This day is the federal government's trial against Microsoft.

The result of the trial announced that Microsoft is a monopoly and will face punishment next.

The NASDAQ index, which has been withering for 20 days, fell [-] points on the day, and then started the diving mode.

By the end of May 2000.

The Nasdaq index, which once reached 5128 points at its peak, has only 2650 points left.

At this time, Abel Smith, who shorted more than a dozen large "DET COM" companies, including Cisco, Microsoft, Dell, Yahoo, etc., began to close his position.

After the position is closed.

$3.6 million in total, doubling him with all kinds of crazy leverage.

A profit of $12.3 billion was made.

At this time, his net worth has exceeded 15 billion US dollars.

And he became famous for shorting "DET COM", that is, the Nasdaq index.

The Wall Street Journal called him "a tough cowboy from Texas."

The "New York Daily" is even more exaggerated, and the headline of his report is "The Wolf of Wall Street".

Relying on this short-selling Nasdaq index transaction, he has initially opened up the situation on Wall Street.

Then he set up his own investment company called "Smith Capital".

The company was established in June, and it has been two months now.

The funds controlled by Smith Capital have been 15 billion US dollars from the beginning.

It has grown to the current $22 billion.

But in the $22 billion fund, there is only one investor.

That is himself.

In other words, for two months, Smith Capital has not accepted the investment requirements of external investors.

It's not that he wants to eat alone, but that he feels that the time is not yet.

This is roughly what he has done in the US capital market since his rebirth ten months ago.

As for everyday life.

Well, that is the kind of boring life that the rich in the United States lead.

For example, encounters and stories with Anne Hathaway are part of this boring life.

Since it is said to be a part.

Well, of course Anne Hathaway is not the only one.

(End of this chapter)