Beiyang 1917

"Young man, since Pfizer's board of directors has passed the motion for reorganization, our cooperation can be formally launched, but I actually don't recommend you re-register an investment bank."

Jack Morgan obviously has other plans or suggestions.

"Do you mean to buy an existing investment bank?" Wang Geng has never considered this. The most important thing for a bank or financial institution is reputation, and a newly established investment bank usually suffers a lot in this respect. few.

Under normal circumstances, customers of course trust the centuries-old stores with a long history, and they are afraid that the new ones will be leather bag companies.

However, if a new investment bank is established, many problems such as economic disputes, accounts receivable and even lawsuit disputes of the original bank can be avoided, so Wang Geng tends to re-register a new investment bank.

Jack Morgan was finally persuaded by Wang Geng, and he promised Wang Geng that he would re-register an investment bank. As soon as the agreement was agreed, lawyers from both sides would be present tomorrow, and they would sign in Jack's office on the top floor of the Morgan headquarters building.

"I plan to transfer the 2200 million U.S. dollars from my personal account in the Morgan family. I don't want to disturb the Morgan consortium this time. There will also be considerable delays in the process.”

Jack Morgan looked at Wang Geng and said unhurriedly.

Damn, I'm afraid I'm a liar and I won't be able to explain to my partners in the future?Whatever you want, I just want to do it as soon as possible!Wang Geng slandered in his heart, and said with a smile,

"Investment always has risks. Of course, I agree with your decision. Time is more precious than anything else. As for JP Morgan's shares, or your Mr. Jack Morgan's shares, it doesn't make much difference to me!"

"For me, the difference is very big. There are more than a dozen partners in JP Morgan, and it is far from the time to share the risk, so I decided to invest by myself. Of course, in order to avoid embarrassment between me and my old friends in the future , I will not personally hold the 49% of your investment bank shares!"

Jack Morgan is obviously an old fox. What is embarrassment between old friends in the future? It’s nothing more than fear that Pfizer will really grow and monopolize the global market in the future. At that time, the partners of Morgan’s company will turn around and complain that he had something good to do. Make a fortune, eat alone and don't tell your partners.

Wang Geng shrugged his shoulders irresponsibly. From Edison’s General Electric to Anderson’s Pfizer, and now to the cooperation with Morgan, the three-step plan was planned before going out for supper through the window of the hospital that night. of.

The United States, an emerging capitalist country and its market, is just a tool for Wang Geng to lay eggs. China is so backward at present, and many ideas are impossible to realize in China. We can only do it step by step, starting from the United States. rise.

"Young man, as the guardian of the 2200 million investment, I will let my daughter become your partner, and the 49% of the shares will be held by her. Of course, she is as young as you, and you still have a long way to learn and improve." the process of!"

Jack Morgan took a puff of his cigar and revealed his plan!

Wang Geng nodded. It doesn’t matter to him who will hold the shares, even the old butler of the Morgan family. No matter who holds the 49% of the shares for Jack Morgan, it cannot change the basic fact that he cooperates with him. .

"According to what you said earlier, in the first year, Pfizer only needs an additional $200 million in working capital to complete the transformation of plant and equipment and produce 2000 million pounds of citric acid, young man, if what you said is accurate If nothing is wrong, everything is going well.”

Jack Morgan paused, looked into Wang Geng's eyes playfully and said,

"I'm curious, what do you plan to do with the remaining 2000 million dollars in your investment bank? Do you have a second baby like citric acid? It seems that you mentioned the pharmaceutical industry at noon?"

"Jack, to tell you the truth, the invention in my pocket is not just the new technology of citric acid. The new technology of citric acid is just a stepping stone. For me, the most important thing for me is to integrate Anderson and Pfizer through the product of citric acid. The company's management team's technical strength and production capacity are included in my development track."

Wang Geng told the truth, not hiding anything.

"So, I, Jack Morgan, am just a pawn on your chessboard?" Jack Morgan's eyes were darkened by Wang Geng's arrogance, and he said in his heart, you haven't got my 2200 million yet. How dare you speak big words in front of me?

"Jack, whether it is Thomas Edison or John Anderson, they are all geniuses I have admired since childhood, and you, Jack Morgan, are no exception. The development of science and technology, medicine and chemical industry cannot be separated from the backing and catalyst of financial capital. You The contributions Mr. and Mr. Morgan have made to this country and society are known all over the world!"

Wang Geng bowed on the sofa and said apologetically,

"If I inadvertently offend your dignity, please criticize and correct me at any time. You also said that I am still a novice on the road of investment banking, a typical layman. Of course, I believe that since your daughter is from the Morgan family As a member, as a partner in the future, she will definitely give me a lot of useful guidance and help.”

"Well, you haven't answered my question yet. Since Pfizer only needs your invention and an additional investment of 200 million US dollars for the time being, what are you going to do with the remaining 2000 million US dollars? Don't worry, I know you have 51 million US dollars. % of the controlling stake, you have the final say on how to spend the money! But you generally talk about your plan?"

At this time, Jack Morgan felt a kind of helplessness of being controlled by others. This feeling has not appeared for a long time since the death of his old man JP Morgan!

"Jack, until Anderson and Pfizer do a good job with citric acid, I don't plan to let Pfizer launch other projects at the same time, such as the pharmaceutical industry you mentioned. If the spread is too large, it will obviously lose sight of others."

Wang Geng grinned, glanced at Jack Morgan, and continued,

"To say that I am interested in many industries, such as automobiles, aircraft, ships, tanks, cannons, Jack, when you left the St. Regis Hotel at noon, I saw that your car was the latest Cadillac. A 55 series?"

"Huh? Your appetite is really not small, but 2000 million US dollars to invest in what you just said, I'm afraid it's not enough. Except for cars, maybe you can try it, but it's not a day or two to see results. , If it doesn’t work out, it will be a loss, and now the US auto market is almost monopolized by GM and Ford!”

Jack Morgan waved the cigar in his hand, and continued,

"However, you have a good vision. My car at noon is the latest Cadillac Model 55. It is equipped with electronic starter, lighting and ignition devices! There are no problems with comfort and safety."

"Jack, you're right. Investing in the real economy doesn't pay off so quickly. It takes a long time and the risks are high. So you ask me how I plan to use the 2000 million dollars. Do you want to hear the truth?"

Wang Geng lowered his voice.

"Of course, listen to the truth. Don't be afraid. Although old Jack has a bad reputation as a Wall Street tyrant, he is still very tolerant of young people who really admire him. You Wang Geng is one of them. You can say whatever you think right now! Don't be afraid of making mistakes!" Jack grinned dissatisfiedly!

"Jack, I regard you not only as a respectable elder, but also as a Bole who can know a thousand li horses. I will just talk about my own thoughts and analysis, and you will check and see if it is feasible." Wang Geng suddenly Lowered his posture.

Jack Morgan waved his cigar and urged him to say,

"Don't worry, no one else will come in my study room without my orders. If there are any ulterior secrets or tricks, just don't talk about it like a mother-in-law!"

"My idea is to use the 2000 million US dollars to fry the national debt of the Allied countries on Wall Street!" Wang Geng unhurriedly revealed the answer.

"What is 2000 million US dollars enough for? The national debt of the United States before the war was only 10 billion US dollars. At this moment, European countries alone owe the United States more than 30 billion US dollars in loans. Isn't it borrowed by issuing the national bonds of the Allied countries! You are mere 2000 How could it be possible to speculate in such a huge treasury bond market?"

Jack Morgan was taken aback. In fact, since the beginning of the European War, American bankers have seized treasury bonds issued by Britain, France, Russia and other countries for borrowing. If it goes back to the generation of Jack's grandfather, Old Morgan.

The biggest pot of gold for the Morgan family was the issuance of US$5000 million in national debt for France, the loser in the Franco-Prussian War. These national debts issued by the French government were underwritten by investment banks at a discount of 85%. Treasury bonds plummeted.

And Grandpa Jack, the old Morgan Junius went bankrupt and bought the French government bonds that could not fall any more. He bet rightly that the Paris Commune revolution was suppressed in less than two years. It doubled the assets of the Morgan family several times.

The Chinese youth in front of him wants to use his 2000 million US dollars to go to Wall Street to speculate in national debt? !

Jack Morgan felt that Wang Geng was a bit self-inflated and whimsical!