America's Road to Wealth

Chapter 481 The most successful investment in Buffett's life

2002 5 Month 1 Day.

International Labour Day.

There are many countries in the world that celebrate this festival and have a holiday for it.

However, the birthplace of this festival, the most powerful country in the world, has never celebrated this festival itself.

America has its own Labor Day.

Every year on the first Monday of September, there is a day off to show respect for workers.

On this day, people across the United States generally hold various celebrations such as parades and rallies.

In some states, after the parade, people will hold a picnic, eating, drinking, singing and dancing lively.

At night, there will be fireworks in some places.

It looks very grand, as if they take this festival very seriously.

It seems to take labor very seriously.

But in fact in the United States, most of the festivals are so lively.

Americans seem to love excitement by nature. If there is no festival, they will create festivals, just to make noise and entertain.

That's why the leaders of the United States are like actors, occasionally appearing on various influential variety shows in the United States.

Whoever says that the American character is like this, they love this one.

On this day, Dow Jones Corporation, which created the Dow Jones Index.

Its "Wall Street Journal" published a striking photo in the headline report of its second edition.

The "Wall Street Journal" has been very stubborn in the past 100 years. Its newspapers have always insisted on black and white.

Even the pictures are black and white, no color.

It persisted until April of this year, that is, last month.

The "Wall Street Journal" has just been officially revised, with a new color layout to face its many customers.

Today, the photo of Abel published in the report is naturally also in color.

The content of this photo is Abel Smith, who is well-known in the United States, and no American does not know him. He is sitting in a beautiful red sports car, driving seriously with the windows open.

Abel Smith is being reported every day in the United States.

The various street photos about him, or the pictures on the news, compared with the past, now there are many, many.

According to media statistics, 365 days a year.Every day, Abel Smith will appear in at least 17 major American media reports.

At the most time, 535 American medium-sized and above media reported on him in one day.

There are more unknown tabloids.

Most of these reports contain pictures.

From this point of view, at first glance, this picture does not seem to be a big deal.

Just a picture of Abel Smith driving.

However, this report by the Wall Street Journal and this picture still caused a huge heated discussion in the United States.

Reason being, this is a picture of Abel Smith, driving a car for the first time!
What he drives is a sports car that only rich people, celebrities, and celebrities with flamboyant personalities would choose.

This is rare, even unique.

Because of Abe Smith, the images he has appeared related to vehicles.

The vehicles used as his background are either Lincolns, Cadillacs, or Ford pickups... Cadillacs are the most common.

Since he became famous and became the darling of the media.

No one ever saw him ride in any non-American car.

If people are careful to count, they will find that most of the top American tycoons from WASP have the same driving style as Abel, all American cars.

Are American cars better in quality?
No, the tycoons are all creating a kind of personality, a kind of patriotic personality.

So pictures of Abe riding, and even driving, sports cars feel fresh to more than just ordinary Americans.

Many American elites who know him well and know that he is very afraid of death and attaches great importance to his own safety can't help but become curious about this picture.

That Abel Smith, who is very rigid in many aspects, is also starting to show off?
Is this a change in his personality?
A lot of people think so, and it's important.

Because figuring out Abel's character and grasping his weaknesses are things that many people, companies, and institutions have been researching.

That night, this picture appeared on many talk shows and review programs.

For example, at the beginning of this year, the popular "Ellen Show" just launched on AMC TV station, directly made this topic one of the core contents of the program that night.

The Ellen Show, also known as The Ellen DeGeneres Show, is hosted by Ellen DeGeneres.

She is a dazzling newcomer in the American media industry in recent years.

She was about to negotiate with CBS TV station to start a talk show under the other party's banner.

AMC won the contract with Ellen DeGeneres on better terms.

Since then, the AMC version of "The Ellen Show" has appeared, and it is now a popular talk show on AMC TV in the United States.

Host Ellen DeGeneres, popular for his light-hearted and witty hosting style, premiered on January 2002, 1.

Combining anecdotes, celebrities, musical guests and human stories, the show was a huge success.

Among the many talk shows in the United States, in terms of ratings, it is only inferior to "Oprah's Talk Show", ranking only second in talk shows.

The Ellen Show on the evening of May 5st.

The host, Ellen DeGeneres, invited the head of F1, the famous British rich man Bernie Ecclestone to participate.

In the program interview, the two chatting and laughing were mainly talking about F1 at first.

Talk about F1's emphasis on the United States, and some content to please the Americans.

The two chatted, and they turned the topic to this report and photos from the "Wall Street Journal".

"Oh, America's first taxpayer driving a sports car, that's a rare sight."

Allen said right away.

Bernie Ecclestone, from the perspective of a professional, claimed that the sports car driven by Abe Smith had never appeared in the industry.

"This is definitely not an existing sports car. It will not be a limited edition of Ferrari or Lamborghini. Its style is very American. I think it may be a new sports car, or a new American sports car?"

Bernie Ecclestone speaks volumes.

Allen immediately praised:

"Then what kind of sports car is it that can make Abel Smith, who has never driven a car himself, unable to drive it? I have received news that our boss is driving this sports car and is very excited Palo Alto, California has been open for two days! Oh, this is a very rare thing."

The short discussion between the two suddenly attracted the attention of many ordinary Americans.

From "Abe Smith drove a car for the first time" to "What exactly is Abe Smith driving?"

Originally, the direction of public opinion throughout the day today, and the "Ellen Show" was not a very clever way of guiding.

Many media have already realized that this may be Abel Smith's hype again.

The media conglomerates that compete with Smith Media are less willing to help Abe Smith hype if they can.

In the words of the Huaxia people, this is helping the evildoers.

The richer Abe is, the stronger Smith Media is.That oppresses them even stronger, and they are unwilling.

Yet their market analysts agree.

In the near future, reporting related types of content will increase their company's ratings or sales at least steadily by more than 20%.

For the sake of the fragrant green notes.

Murdoch and Redstone can only get News Corporation and CBS Group to participate in relevant reports.

Under a large number of reports, in just one day.

News about Palo Alto's Tesla Inc. and its one-of-a-kind tech supercar.

It was very crowded, officially in front of all Americans.

The next day, at night.

At this point in the development of the news, Americans who have read the relevant news already know about it.

The sports car that can make Abel so dear is a super environmentally friendly car that doesn't use gasoline.

It is unique, the first in the world!

Made in America, that's important.

this evening.

1 San Mateo Drive, Corona del Mar, Santa Barbara, CA.

"Hey...Warren, you already knew that I have invested in this area. Don't you always have a dislike for this kind of high technology? So I didn't inform you, is it normal?"

In the living room, Abel was holding a satellite phone and talking with the American stock god on the other end of the phone with a slight smile.

Next to her sat a pregnant Paris.

On another couch next to it.

Sitting still is actually very busy, but licking his face just refuses to go, refuses to go back to Ted Lerner in New York.

Ted said his daughter had just given birth.

As a father, how could he only stay for two days before leaving?

At least he had to wait for his daughter to recover better before he could leave with peace of mind.

His daughter Ikana rolled her eyes at this.

She knew that if her man wasn't here now, her father would disappear soon.

What really made her father stay was not his love for his daughter.

Just like now, it is Buffett, the "Oracle of Omaha", who knows that he is on the phone with Abel.

The old man had already pricked up his ears.

On the surface, he was reading the newspaper, but in fact, he was fully engaged in the conversation between Abel and Buffett.

In Ted's view, Abel and Buffett are the two most powerful and best investors in the United States.

If the conversation between these two people can reveal a little bit about the stocks they are optimistic about.

Ted felt that as long as he bought it without thinking, he would definitely make a lot of money.

Since Abel did not avoid suspicion, Ted certainly would not give up this good opportunity.

"Actually, I'm still not optimistic about this industry. But you know, in terms of investment, I trust you unconditionally."

The quality of the satellite phone is very good, and the living room, whether it's Ted or Paris, is very quiet.

Buffett's voice can be heard clearly as long as he concentrates a little.

"Since you're in this business, and invested so much. I think it must be good. How about, dear, let me join?"

Hearing what Buffett said, Abel smiled silently.

He thought, huh... Sure enough, it attracted a big shark that smelled fishy.

Yep, as many have guessed.

The pictures and news published by the "Wall Street Journal" were a hype initiated by Abel.

The hype is Tesla in Palo Alto.

The time period for Abel to change from a Chinese to an American is the second half of 2022.

At that time, it was the time when the new energy vehicles of the United States and China swept the world.

Regardless of whether it is Si Dezi or Xiaocai, these two traditional fuel vehicle powerhouses have been impacted and only have the power to parry.

So even without talent, Abel knows that the track of new energy is right.

It will bring a new revolution to the advanced industrial system of the automobile industry.

He intends to enter the auto industry, but the major auto groups in the United States are all owned by their owners.

Abel put his mind on the track of new energy vehicles.

This led to the early appearance of Tesla two years ago.

After two years of preparation, the first Tesla car is finally here.

Abel, who wanted to be the man who created the trend, finally officially started his first move.

That is to draw the attention of the outside world to electric vehicles with his own strong influence.

Learn from Musk in parallel time and space, and try to stir up the track of new energy vehicles as much as possible.

Compared with Musk, who was not well-known at that time, Abel, who is the richest man in the world and the first generation of network traffic king in the United States and even the world, can play a great role in this regard.

Coupled with his increasingly stable "investment god" aura, as well as the hidden status of a Texas consortium boss.

Once Tesla was released, it even immediately attracted the attention of people like Buffett.

You must know that this is Buffett, and this hometown never invests in areas he is not familiar with.

He has never paid attention to short-term interests, and is a character who would rather go empty than take risks.

It is definitely not the credit of Tesla, or new energy vehicles, to find Abel so quickly now.

This is Abel's credit, because Buffett believes in Abel.

Because the Oracle of Omaha obviously wants to bond with Abel in every way.

Rather than saying that Buffett wants to invest in the fields that Abel is optimistic about, it is better to say that Buffett is actually still investing in Abel.

For Buffett's approach, Abel is naturally happy to see it succeed.

Because first of all, the new energy vehicle track itself is not an industry that can be promoted by individuals and only a consortium.

It can really succeed later, and it can hopefully replace traditional fuel vehicles.

More than 95% of the credit goes to the United States and China.

It needs to be promoted by the most powerful country in the world, or even two together, to have a future.

In this regard, Abel, who has already formed an industry layout, of course hopes that the more people will enter the market, the better.

The more people like himself and Buffett enter the arena, the stronger the federal government's drive to promote the track of new energy vehicles will be.

As for Huaxia, as long as they want to upgrade their industries.

Then they will definitely assist the United States, and everyone will work together to promote this automobile revolution.

Because Huaxia itself is also one of the countries with the most lithium mines in the world.

In contrast, the United States is even a lithium-poor country.

Lithium mines are the core of new energy vehicles.

If you can grasp the core, at least you won't be manipulated.It can also promote national energy security, and at the same time, there is great hope for overtaking on corners and an industrial upgrade in the automotive industry.

As long as Huaxia is not stupid, it will end sooner or later.

So now, Buffett is willing to join in.

Of course Abel would.

After two years of planning, 1/3 of the world's lithium mines have been discovered.

As long as this outlet can be created.

It doesn't matter if Abel has to give up all Tesla.

In the parallel time and space, why is there only one Tesla in the United States in future generations, but they still spare no effort to promote the track of new energy vehicles?
The United States itself is still a lithium-poor country.

Without it, because the largest lithium producing areas in the world are in South America, in the back garden of the United States.

Many American mining giants are the biggest supporters behind Tesla.

It can be said that this is a rare consensus reached by the United States and China.

Facing Buffett's temptation, Abel did not hesitate.

"Are you really interested? Warren, maybe it's another dot-com bubble, Nasdaq crisis."

He smiled and held the satellite phone, speaking to the Oracle of Omaha.

"Of course there's interest. But like I said, I just believed in you until you had a hard failure."

"Hahaha—then I have to say, you never want to see this kind of thing in your life."

"Let's do it." Abel started to quote directly: "As of now, I have invested a total of about 10 million US dollars in Tesla Motors. 20%, [-] billion US dollars."

Buffett hasn't responded yet.

Ted Lerner, who was listening attentively here, was taken aback.

For a company with an investment of only 1 million yuan, in the first round of financing, it will offer 10 billion US dollars as soon as 20% comes up.

That is to say, Abel invested only 3 million U.S. dollars in a company. After two years of development, the market value is now 200 billion U.S. dollars!
This is literally a money grab!Ted Lerner thought to himself that Buffett would definitely not agree.

The old man's prudence in investment is well known all over the world.

People don't play any venture capital, angel investment.

Buffett's investments have always been mature companies in mature fields.

To Ted Lerner's surprise, however, Buffett agreed directly.

"Okay, I agree. 10%, $20 billion. But I have a premise that the first round of financing cannot exceed 1%. And it includes my 30%."

Buffett's voice came from the satellite phone.

This made Ted Lerner's eyes widen.

Did Abel really succeed in stealing money? !
With an investment of 200 million yuan, it will become a market value of [-] billion yuan in two years!
The key is that people like Buffett still recognize it, and Ted Lerner was extremely shocked.

In the US, wanting to make it possible for investors to back a company.

Many times, all that is needed is a name.

In the past, Warren Buffett was such a name for Wall Street.

Looking at Abel who was holding a satellite phone and smiling, Ikana's father felt a little emotional.

Well, now there's a younger, richer Abe Smith.

"It's not a big problem. I can promise you this condition, trust me, Warren. This will be your second most successful investment."

Abel laughed.

Ted wanted to know what was Buffett's first successful investment.

Was it in the 70s that the stock god invested in American Express for the first time and tripled his income in half a year?

Or Buffett's $1988 million investment in federally-backed mortgage insurance giant Freddie Mac in 4 at a split-adjusted $1.08 per share, and then arbitrage on an outrageous $65 billion gain two years earlier?

Fortunately, it seems that Buffett is also curious about this question, and the stock god smiled and asked:
"Since it's the second one, what do you think was my first successful investment?"

"Need to say?" Ted saw that Abel was a little "arrogant" and said:
"Of course it's your investment in Smith Capital. That will be the most successful investment in your life."

Abel's somewhat "arrogant" answer caused Buffett over there and Ted here to fall into a brief silence.

A few seconds later, Ted heard the Oracle of Omaha laughing very heartily on the satellite phone.

"Hahaha...you are absolutely right!"

Only listening to the satellite phone, Buffett said categorically: "It was indeed the most successful investment in my life. I am very sure of this now."

"That's right, and you now have your second-best investment."

Abel laughed.

(End of this chapter)