America's Road to Wealth

Chapter 24 Smith Capital

The encounter between Abel and David Mellon is not bloody.

It was last year, when he first came to New York from Texas.

He had $[-] on him for financial investment.

But in this day and age, the Internet cannot play finance yet.

If you want to invest, you can only go to a bank or a financial company to open an account.

At that time, he was afraid of being cheated, so he chose a large financial company.

It is the rebirth again, or the reason for the rebirth of China.

He had another preference for Goldman Sachs, so he chose to open an account with Goldman Sachs.

He started playing foreign exchange, and the Goldman Sachs staff who received him at that time was David Mellon.

After coming and going, two or three months, the relationship between the two became much closer.

David Mellon graduated from the Wharton School of Business and was born in the Mellon family.

He has worked at Goldman Sachs for three years and has rich experience in the industry.

At the end of last year, Abel invited David Mellon to work for him.

Mostly Abel himself, though a Rice graduate.

And Rice University is the number one university in the south of the United States. It is not in the Ivy League but has the strength of the Ivy League.

It is also one of the best universities in the United States.

But
The original major in university was actually from the Department of Fine Arts!

A child with a red neck in Texas who went to study in the art department is really hard to describe.

Therefore, whether it is the memory of the original body or the memory of the reborn.

I am not very familiar with American finance.

After being reborn, you are studying hard.

But how much can you learn from this kind of learning?
If it weren't for this aspect, he would have made a terrible mistake.

There is no such hanging words.

He doesn't know how to touch it at all, and he doesn't have the guts to touch something that is researched by most smart people in the European and American world.

But even with hanging.

He was also worried about being pitted to death by giant Wall Street crocodiles during operations.

He needs an assistant who is very familiar with Wall Street and financial rules.

After two or three months of his investigation, he thinks that no matter in terms of professional ethics or ability.

David Mellon is all qualified and meets his requirements.

He sent an invitation.

At first, David Mellon naturally refused.

In front of the middle management of Goldman Sachs, isn't it good to earn millions of dollars a year?
In the end, Abel offered him an annual salary of $500 million.

Coupled with Abel's previous investment, he has been astonished.

There is also a radical side in David Mellon's character.

David Mellon finally chose to resign and found a group of people to follow Abel.

Later, Abel invested in a series of Nasdaq operations.

It was Abel who was in charge of the command, and David Mellon led a group of traders to operate.

There is also the establishment of Smith Capital later, and David Mellon is also responsible for various tedious and meticulous work.

Let's say that.

Smith Capital anthropomorphic words.

Abe, then, is the brain, the heart, of the company.

David Mellon is the body and limbs of the company.

The two have known each other for ten months and have worked closely together for half a year.

In addition, after the establishment of Smith Capital, Abel gave David Mellon 2% of dry shares.

Since the establishment of Smith Capital, the company's profit has exceeded [-] million US dollars.

2% of 1200 million US dollars is also [-] million US dollars.

Seven years of working than David Mellon, and more than the sum of all income.

And this is just over a month, just the beginning.

Even the blind can see the future of money.

If you have money, you will be happy to follow Abel.

He also has a good relationship with Abel personally.

Due to multiple factors, David Mellon is currently working at Smith Capital.

a week ago,

Because of the "observation" of the next yen exchange rate, there will be a wave of violent fluctuations.

Under the control of Abel, Smith Capital began to enter the market, shorting the yen.

Abel is the commander-in-chief and the soul.

David Mellon is the pioneer general.

He selected eight of the company's best currency traders and entered the safe house.

in a week.

Even though Abel was away, did not come to the company.

David has also been in touch with Abel by phone from time to time according to the operational needs left by Abel.

Controlling the eight traders in the safe house, they carefully manipulated the huge capital flow with a margin of up to 10 billion US dollars and a leverage multiple of [-] times to continuously build positions, with the goal of shorting the Japanese yen.

The eight traders who are mainly responsible for the actual operation work have been staying in the safe room.

David Mellon, the general manager, has not been home for a week.

During this week, he has also stayed in the company.

Eating, drinking, and sleeping are all done here.

In Abel's absence, he needs to be watching here.

After all, after leverage, it reached a huge capital of 200 billion U.S. dollars.

Abel has a big heart and dares to run around.

David Mellon, who was in charge of the operation, couldn't be as relaxed as Abel.

It is precisely because of his full concentration that David Mellon is very tired.

That's why I fell asleep involuntarily just now.

Now Abel is back.

When he came to the company, David Mellon's spirit, which was a little sluggish, cheered up all of a sudden.

Because it means that it is time to close.

"How about it, let's report the market situation?"

Looking at David Mellon, who is a little rough because of staying up late and working overtime.

Abel smiled.

David Mellon lifted his spirits and said softly:
"According to your request. We mainly deal with the two currency pairs of JPY/EUR and JPY/USD."

On January 1999, 1, the euro was officially born, replacing the dollar to occupy the European currency market.

This is a brand new currency, but it benefits from the strong strength of the European Union at this time.

Once the euro was born, it became one of the major currencies in the world.

The Japanese Yen of the Neon Country has been one of the major world currencies since the 80s.

And the dollar, not to mention.

It can even be said that it is synonymous with world currency.

Therefore, these two currency pairs have always been relatively stable.

Stability means little volatility.

The volatility is not large, that is to say, the foreign exchange speculation here, usually the profit and loss will not be too large.

Generally, only large-scale black swan events will cause fluctuations in the exchange rate of this stable world-class currency.

For example, the Federal Reserve suddenly raised and lowered interest rates, or the Neon Central Bank and the European Central Bank did some surprise operations.

"JPY/EUR, when we entered the market, the exchange rate was 98.2380."

"JPY/USD, when we entered the market, the exchange rate was 108.3210."

"And now."

Having said that, David Mellon smiled wryly.

"JPY/EUR is 98.2450."

"JPY/USD is 108.3560."

"In addition, according to your instructions, three days ago. All our funds have entered the market."

After listening to David Mellon's report, Abel nodded.

"That means we've lost some money now, haven't we?"

"Yes. We've lost $6400 million."

David Mellon said blankly.

(End of this chapter)