Blossoms: Suppressing Shanghai, international tycoon Mr. Bao

When my uncle slowly stepped into this private room, he who originally thought he would be calm also felt ripples in his heart.

In his time, very few people could stay in Sassoon's private room.

Not to mention the long bag here.

But what he didn't expect was that the child he thought had only some potential at the time would move directly from the English Suite downstairs to the Sassoon Suite on the top floor in less than two years.

You know, the per capita monthly income in the beautiful country is just over a thousand US dollars at the moment.

The price for A Bao to stay here for one night is equivalent to the income of an ordinary person for nearly a month!

But my uncle didn’t feel that A Bao didn’t need to move here. A Bao needed to move here too much.

As someone who can deal with Mr. Zhao, who underwrites treasury bills, it is no longer appropriate to continue living in the English Suite.

"Uncle, come on!"

Before my uncle could say anything, the two ladies who came with him started to praise loudly.

"Be so smart!"

But I saw the two ladies walking around and looking around curiously.

After all, this Sassoon Suite is famous. Why not take a good look when you have the opportunity.

Uncle looked at A Bao with a smile and nodded. :"Pretty good! Pretty good!"

The staff of the Peace Hotel brought the 150,000 treasury bills in with a loud bang.

Then under the command of the two ladies, they put them in front of the safe. As the largest suite of the Peace Hotel, the safe here Naturally, it is much larger than the one in the English Suite. It is huge enough for a person to be tall, and its width is more than 1.5 meters.

The huge and heavy safe door has to be cranked by hand to"click".……"of open.

Abao gave a tip and sent away the hotel employees. He turned around and saw his uncle opening the safe and putting the treasury bills in with the two ladies.

Seeing this, Abao quickly stepped forward to help, and the four of them quickly finished loading the treasury bills while laughing.

The two ladies smiled and took Po's red envelope and went back to play mahjong.

Uncle then sat down with Abao to rest. The two looked at each other and couldn't help but smile tacitly.

"I’m afraid you won’t make as much money on this trip as you did on Hong Kong Island!

Uncle Grandpa's words made Abao laugh:"Where can I make so much money every time?"! That time on Hong Kong Island was just the right time"

"Where can I get so much money every time?!"

A Bao said with a smile:"You still have to be down-to-earth when doing business. After all, there are huge risks and uncertainties in finance."

"If there is a market trend, it is okay to do it cautiously, but it is impossible to make this a regular career. After all, industry is the last word."

My uncle couldn't help but smile when he heard this:"Those who work in finance envy those who work in industry, because those in industry hold heavy assets, and the asset-heavy operating model is not easy to be imitated, and it is easy to form an industry oligopoly and produce scale effects."

"However, those in the industry are envious of many companies that are asset-light. Asset-heavy companies have a large investment in fixed assets. They need to update production lines after product updates, and the asset depreciation rate is high. On the other hand, being asset-light has low costs and high returns, making it easy to maximize profits!"

At this point, my uncle paused and sighed:"But asset-light also means low entry barriers and high hedging risks. If you are not careful, you may be doomed"

"Flowers are not as good as a hundred days, and people are not as good as a thousand days!"

A Bao also smiled bitterly at this time and said:"I often walk by the river, where can my shoes not get wet?!"

"Even as strong as 'The King of Speculation'’、‘The number one person in the U.S. stock market for a century, Jesse Livermore, who made $100 million during the 1929 stock market crash, so what?! After all, didn’t he file for bankruptcy three times and end up owing $2.5 million, and end up depressed?……"

My uncle fell silent upon hearing this. Jesse was almost a living legend at that time.

Even after his failure, his legend remains unsurpassed.

In 1907, he accurately judged that the U.S. stock market would plummet and made a profit of more than $3 million from short selling.

In that era when even in this beautiful country, the per capita income was only more than 400 US dollars, more than 3 million US dollars was undoubtedly a huge sum of money!

And by the time he made a short sale in 1929, he directly made a profit of more than 100 million U.S. dollars!

At that time, the per capita income of the beautiful country had increased, but it was only more than a thousand US dollars.

His ability even made the Rockefeller family fearful. Before they received official requests from the United States to rescue the market, they specifically contacted him in the hope that Jesse would not continue to short-sell, and only dared to rescue the market after receiving assurances.

The book that Abao is holding in his hand now is his"Trading Techniques of Stock Operators".

This book is a must-read for almost all financial practitioners, and some will even read it over and over again.

A Bao and Uncle Ye are one of them

"All big families that can be passed down for more than a hundred years started their business by doing business. Doing well in business is fundamental."

Uncle looked at A Bao and said with a smile:"So, are you going to start a business next?!"

A Bao blinked his eyes and said with a smile:"If I have reached this stage, there is actually no need to go into business myself!"

"I don’t have this foundation either, do I?! As soon as uncle heard what A Bao said, he knew what he wanted to do:"You want to invest directly?"!"

"He who knows me is my uncle! Abao laughed and said:"According to the current development situation in our country, in the next twenty or even thirty years, we will enter a period of rapid development.""

"During this period, industry was undoubtedly developing the fastest! As for things other than industry, it depends on the development of science and technology."

At this point, Abao paused and said:"With the development of science and technology, I think many of them are actually real estate."

"Uncle, look across from us."

My uncle turned around and saw through the window the Peace Hotel on the other side of the Huangpu River. There were countless people on the bustling construction site.

"The Oriental Pearl TV Tower project was approved in 1986, and construction of the foundation started this year."

A Bao stood up and walked to the window, and said softly:"If nothing else happens, where will be the landmark building of the future Magic City?"

"Are you saying that the Magic City is already preparing to auction land?!

Uncle Grandpa stood up with a"Hoora~" and said in a deep voice to Abao:"Are you sure?"!"