Age of Dreams

"Forget it, I'm not familiar with this and don't want to participate." After a pause, Xiao Qi resolutely gave a reply.

"Hey, Qi Shao, don't you believe me?" Tong Wencong was taken aback, patted his chest and said, "Although this business is not as good as subordinated debt, the absolute minimum profit will be 100% in two or three years. Buy more and earn more!"

Yup!

Buy more and earn more.

Then you will die faster if you earn more!

Xiao Qi muffled, with a sad expression on his face: "Old Tong, I can't do this. To be honest with you, after I made subordinated debt, I felt that the money I earned was a bit hot. God knows that those banks will not Will you come to trouble me? If I join the gambling of national debt, I am afraid that my small body will not be able to hold it!"

Tong Wencong was stunned, he didn't know that Xiao Qi's reason for refusal was actually this.

timid?

Lie to the ghost!

When you first got subordinated debt, who was so black-hearted to pit those banks?

You know the outbreak of subprime debt in advance than many people!

A total of US$2 billion was invested in subordinated debt, but in the end it could make US$15 billion. Do you dare to say that you are afraid? Don't cheat people if you are afraid!

But obviously, Xiao Qi refused very simply this time, proving that he really didn't want to join.

Tong Wencong and several of their fund managers have made a lot of money on subprime debt, so a group of people gathered together and discussed harmful tricks, and finally found CDS insurance as a way to make money.

It's just that the national debt CDS of European countries is really too much. If you really want to get these CDS insurance policies from several major investment banks, you need a lot of money, at least two to thirty billion U.S. dollars.

Regardless of the amount of each of these fund companies is billions of dollars. There are even tens of billions of dollars.

But a lot of their money is placed on various products, and what they can use at any time is less than 10 billion U.S. dollars.

So Tong Wencong thought of Xiao Qi, a super rich man, so he ran to ask him if he would participate. One is to reduce capital pressure, and the other is to diversify risks-the most important thing for a fund manager is not to make money, but to try not to lose money! Just make money, don’t just fall into it just to make money, and then lose so much that you don’t even have pants left!

"So little. Can you lend me some money?" After thinking about it, Tong Wencong asked: "I use my investment in the subordinated debt of our cooperation as collateral, and you lend me 500 million US dollars!"

He followed Xiao Qi and invested tens of millions of dollars in, and in the end he could make almost 500-600 million yuan. Using this to mortgage Xiao Qi, it made sense.

Xiao Qi looked at him. He hesitated.

To say that Lao Tong is actually a very good person, doing things relatively well, and in essence is not a very black-hearted person, at least he is good to partners, unlike some fund managers who specialize in pitting partners.

Do you want to give him a hand?

When you are involved in a CDS policy, you are not just dealing with banks and financial institutions. Instead, face each country directly.

After the incident was revealed, even a powerful investment bank such as Goldman Sachs was ecstatic. A few fund companies were just for food.

It’s just that in history, Goldman Sachs was also unlucky. In the end, these CDS lists were not all sold. Not many people are idiots. Just think about it and you will know the huge dangers. It is good to make money, but to make money directly. I lost it myself. That's bad.

While pondering, the young man slowly spoke, "Old Tong, I won't lend you money."

"Qi Shao...I..."

"Listen to me." Xiao Qi stopped Tong Wencong's anxiety, "I don't think you can make money. The risk of you doing this is very high. As a friend, I don't think you should go to the muddy water... I ask you. Two simple questions, if you can answer them and are still willing to invest, then I have nothing to say."

"Qing Shao, please tell me." Tong Wencong nodded, converging anxiously.

"First, this CDS policy is so profitable, why should Goldman Sachs and Merrill Lynch be so eager to sell?"

"These investment banks are firmly in the first place, and the future is unpredictable. Those sovereign countries may still be able to repay the debts. They have already made a lot of money in the CDS handling fees and planning fees. The money was sold at a 50% discount. Not only did they not lose money, but they also made some money. They thought it was enough."

"Do you believe this?" Xiao Qi smiled, "Even you all know that this CDS is bound to make money. Those countries in Greece have no ability to repay. Goldman Sachs will not know? When Goldman Sachs was playing these financial derivatives, you were still in kindergarten. Right?"

Tong Wencong's expression changed, and he smiled embarrassedly: "Scared Shao, what about the second question?"

"Quantum Fund, Renaissance Technology, Icahn Capital, Capital Advisors..." Xiao Qi recited the names of seven or eight hedge fund companies in one breath, "Did they join the ranks of you and your friends?"

"No."

Tong Wencong's expression is a bit ugly, "But it's so shabby, it doesn't mean that it's a bad business if they don't participate, we are confident!"

"Old Tong! Old Tong!" Xiao Qi was still smiling, "Whether the business is good or not, it's not entirely based on the money! Are you bad money now? Why don't you have a good reputation and make money in the future? You don't want to be upright. Is Forbes' income list of fund managers? Do you want your children to live under heavy pressure all day long?"

"I……"

Tong Wencong's expression eased.

Children are the biggest weakness of parents, whether in the East or the West.

The jokes on TV that parents don’t care about when Westerners grow up can only deceive children.

At least in the United States, when a man and a woman get married, as long as conditions permit, parents will buy an apartment for their son and daughter-in-law. The difference has to be the purchase of diamond ring jewelry... Think about it, what is the difference between this and our country?

You have to use those dying poor families as the main phenomenon in the United States. Then why don't you say that many young people from mountain villages in China get married, but there is nothing the same?

No parent does not want their children to live in the sun.

Tong Wencong thinks that he is a cheeky and can resist other people's curses.

But he doesn't think that his children can have their own strong psychological qualities, and he can't live under the scolding of the news and newspapers every day.

Xiao Qi's words hit his weakness.

Besides, the other aspects that Xiao Qi said are also very reasonable!

He was only in the game before, so he didn't think about it carefully.

"So... don't participate?" After a long time, he asked in a hoarse voice.

"Of course not! You don't deserve your money, don't think about it!" Xiao Qi said sternly, "Don't worry, Lao Tong! As long as I am here, your business is too much to finish!"

"Okay! I won't mix in!"

After a while, Tong Wencong nodded hard, and finally made a decision.

Xiao Qi is no ordinary person.

From several ingenious combinations of subordinated debt sales, Tong Wencong knew how terrifying Xiao Qi's talent in the financial market was.

Recently, managers of many fund companies ~www.readwn.com~ have publicly announced their gains in subordinated bonds.

Apart from Paulson, Tong Wencong knew that no one could match Xiao Qi's income.

What's more, Paulson made the money of the entire fund company. Xiao Qi's was entirely his own, and Xiao Qi's profit was still the highest.

Coupled with Xiao Qi's genius performance on DreamPad and the app store, Tong Wencong, who subconsciously felt Xiao Qi was much stronger and smarter than himself, convinced his judgment.

Of course, this is also Xiao Qi trying to persuade him to change to anyone else, and it's fine if he doesn't be fooled by Tong Wencong, let alone touched Tong Wencong.

And Xiao Qi's last words completely relieved him.

It proves that future entrustment and business from Xiao Qi will not be suspended after this subprime mortgage crisis. As long as we can cooperate with Xiao Qi for a long time to make money, then what is the CDS policy of sticking to? (To be continued. If you like this work, you are welcome to come to the starting point (m) to vote for recommendation votes and monthly tickets. Your support is my biggest motivation. For mobile phone users, please go to m to read.)