Investor That Can See The Future

Chapter 63

While OTK Company was pouring money in the foreign exchange market, Sangyeop senior also entrusted the stake in a domestic startup owned by K Company as collateral and collected money from various places.

The amount of money she collected was 1.1 trillion won, combined with her existing cash assets.

Just before the Brexit referendum, Sang-yeop Sang bought put options in stock markets around the world with the money.

If the UK leaves the EU, it will do what it will in the long run, but in the short term it will certainly have a shock to the entire financial market. It was not expected to some extent, and the impact would be even greater as we thought that the possibility was small.

Perhaps the global stock market will plummet.

Sangyeop senior told me.

“I used to borrow money from a lending company and bet on CL Electronics call options, thinking it was the craziest thing I’ve ever done in my life. But compared to what I am doing now, what I did then was nothing. The day will come when you will bet over a trillion dollars on derivatives.”

No matter how much I saw foreknowledge, I felt the same fear.

I was in a narrow space that I couldn’t get out of, and it felt like water was filling up to my waist.

“I wish you all the best.”

If successful, you can make huge profits.

However······

If you fail, it’s over.

* * *

The mood in Britain was heating up ahead of the historic vote.

When the TV was turned on, secessionist and remaining politicians came out and expressed their opinions, and the people were divided into both sides.

One side raised their voices saying that withdrawal could make the economy unstable, while the other side shouted that the economy would only survive if they left.

Incitement and slander spread, and European Union flags and Union Jacks flew all over the streets.

The UK is the 5th largest economy in the world and is a member of the EU along with Germany and France. And not only in the Commonwealth, but in the world as well.

That is why Brexit is a global event, not just the UK and EU. Financial companies calculated the profit and loss paying attention to the voting results and the impact.

As the voting day neared, the financial markets became busier.

Investors and speculators abounded in the foreign exchange market, the stock market, and the derivatives market. Most investors predict the UK will remain and put their money into the rise of the stock price and the depreciation of the exchange rate.

However, Golden Gate, the world’s largest IB, watched the situation quietly. Rather, it sold some of its spot stocks and call options.

It was the decision of Ted Brooks, the head of the UK branch. He recently received a phone call from the Asian branch.

[This may be my concern, but I have a feeling that Brexit may come to an unexpected conclusion. I think it would be better to move after watching the voting results.]

“Okay.

Ted had a deep respect for Chase Southwell. And he thought there must be a good reason for making this judgment.

With the eyes of the world focused on Britain, the fateful day has finally dawned.

7 a.m. UK time and 3 p.m. Korean time.

A referendum on Brexit has begun.

* * *

The referendum was held across the UK. British and Commonwealth nationals from England, Wales, Scotland, Northern Ireland and Gibraltar rushed to the polling stations to cast their votes.

Voting was relayed in real time through the BBC, CNN, and domestic news channels. I watched the voting status all night with Taek-gyu.

Voting ended at 6 am (10 pm British time).

As the voting closed, the results of the polls, which had been banned for several days, flooded in.

Taehyung was perplexed.

“The residual is much higher.”

“The polls are unreliable. You have to open the ballot box to know.”

That’s what I said, but I too was perplexed inside.

I expected that the residual would be higher, but there was a difference of as little as 5% and as much as 10%. Even if the error rate was taken into account, this was nothing but solidified residue.

Can it be reversed?

Counting started right away. If there is a big difference in the votes, the results will come out soon, but if it flows smoothly, the conclusion will not come out until around the afternoon.

As I watched the counting broadcast, I packed my bags.

“Where?”

“I’m going to school. I have morning classes.”

Taek-gyu put on an absurd expression on his face.

“Are you going to school on such an important day?”

“It’s not going to change if I watch you.”

The voting is over and the result is decided. Counting is just the process of confirming it.

In fact, it doesn’t matter if you miss school for a day or so. But it was too frustrating to sit still at home.

I’d rather go to school

“Do you keep looking?”

“Of course. It’s all about money.”

“·················ogue.”

Hearing this, I can feel that I have staked all my fortune on a referendum in another country.

“Let’s call you later.”

As I was about to leave the house, Taek-gyu caught me.

“Before you go, make one promise.”

“What?”

Taek-gyu looked at me with a serious expression and said.

“If you lose everything and work in the underworld, they will buy you a can of beer every payday.”

“What are you talking about?”

“Promise me!”

I nodded my head in annoyance.

“Okay. I will buy you.”

Taehyung shook his head.

“no. Come to think of it, you can’t have one can. Buy two cans.”

“I’ll buy you two cans.”

Taek-gyu nodded his head as if he liked my answer.

“Good.”

I got in the car and headed to school.

* * *

Despite the Brexit vote overnight, the world was the same.

The road was still blocked by cars, and people in suits rushed to avoid being late.

After all, not everyone is interested in other people’s affairs.

If I had been an ordinary college student, I would have been more concerned about the upcoming final exam and the report to be submitted than whether the UK would leave the EU.

As the car passed the school’s main gate, I saw the figure of Yuri.

I said as I rolled down the window.

“Yuri. ride.”

“Ah! Jinhoo senior.”

Yuri quickly got into the passenger seat. Then he leaned back and gave a long yawn.

“Sleepy?”

Yuri nodded his head at my question.

“I barely slept last night.”

“Why?”

“There was a Brexit vote. I was going to sleep after a little while, but when I woke up, it was morning.”

“Right.”

I haven’t been able to sleep at all either.

I ran into Sun-ah while we parked and headed to the business school building together. She was with her boyfriend.

Seon-ah smiled and handed her greetings.

“Hi. It looks like you two came together.”

Yuri smiled and said.

“Yes. I got a car from Jinhoo senior and rode it.”

Rumors that I had bought a Porsche Panamera had already spread. Sun-ah seemed curious about it, but she didn’t ask anything.

Go Junhyung looked at me and pretended to know.

“Long time no see.”

I bowed my head and said hello.

“Hello, senior.”

Go Junhyung said as if he had remembered something.

“You said you were close with the CEO of K Company? Can you tell me something?”

“What are you talking about?”

“My father said he wanted to see me once. Please tell me to come to the office sometime.”

His father is the president of GH Construction, a subsidiary of the GH group.

He’s the kind of person the president of a large corporation’s affiliate wants to see. Our Sangyeop senior is doing well.

“I’ll talk to you next time we meet.”

After today passes, Sangyeop’s position will change.

Even if the president of a chaebol group affiliate asks to meet, you either become someone you can’t meet, or you become someone you don’t need to meet.

it would be the same for me

Speaking of which, the Department of Business Administration approached us.

“Did you know the Brexit vote results are out today? I’m making a bet with the kids from the economics department right now, would you like to do the same? You can bet from 10,000 won to 5,000 won. Right now, there are a lot of leftovers around 7-3.”

“·················ogue.”

Betting isn’t over yet.

I took out a 50,000 won bill and handed it to Gwadae.

“I’ll bet on the resignation side.”

“Yes. I got five thousand won.”

Gwadae put money in and checked my name and amount on the ledger.

The late Jun-hyung, who watched the scene, took out his wallet.

“It will be fun. Then I’ll bet on the rest.”

“I understand, senpai.”

Gwadae asked Yuri.

“Yuri are you?”

“I’ll bet Jinhoo-senpai to leave the group.”

“Is it ok to say that residual is dominant?”

Yuri looked at me at my question and squinted her eyes.

“Senior is very good at this.”

I muttered my heart out.

“I really should have done that this time…”

* * *

K Company’s employees gathered in the conference room as soon as they went to work.

Park Sang-yeop, the CEO, slept here the night before. He continued to sit without even washing his face.

Broadcasts from CNN and BBC were played on two TVs installed in one side of the conference room.

The ballot count was relayed in real time.

Contrary to the expectation that the remaining side would have a big advantage, the match was tight. However, the fact that Residue prevailed has not changed.

The gap, which was more than 5 percent at the beginning of the counting period, has narrowed slightly, but even now, when the counting rate exceeds 50 percent, the retention is dominated by 52 to 48.

Brexit concerns have eased, and a relief rally has unfolded in the global economy. Asian stock markets rose together, and the exchange rate stabilized.

And······.

The value of the put option purchased by K Company on the Asian stock market has bottomed out. Hundreds of millions of dollars were gone in an instant.

The situation of the European and American stock markets to open later was also obvious.

Everyone remained silent, not saying anything.

Park Sang-yeop continued to watch TV with a blank expression. Jungkook said to him.

“Sa, Sangyeop senior. What about this? Aren’t we perishing like this? Say something. Elder!”

I was so embarrassed that I forgot that the company had to call me the CEO. But no one pointed that out.

After a while, Park Sang-yeop, who came to his senses, said as if moaning.

“Come on, I’ll call you for a minute.”

* * *

Is the future fixed or can it be changed?

The part I was most concerned about was this. Our actions will cause public opinion to go in the wrong direction, and voters who wanted to leave the country turn to stay.

To avoid such a situation, we moved as carefully as possible over the course of a month instead of pouring out supplies in a short period of time. Of course, everyone seems to have noticed what we’re doing.

Fortunately, the fierce confrontation between the pros and cons continued, and the financial market problem was pushed to the background. Thanks to the intervention of the government and financial institutions, the exchange rate was still stable, and no one was interested in the foreign exchange market.

I don’t know how time passed.

In the current situation, the lecture could not have caught my eye. The last time I checked, the vote counting rate was over 30%, and Remain took the lead by 4%.

Retention prevailed in Scotland and Northern Ireland, and in Wales with a slight advantage in secession.

The key is England. England has more voters than all other regions combined. Therefore, depending on the difference in the votes of England, whether to stay or leave will be decided.

Yuri said in a low voice.

“Senior seems to have been calling from a while ago.”

“Huh?”(Read more @ wuxiax.com)

It was then that I realized that the cell phone I had put in my pocket was vibrating.

Even in class, I jumped up from my seat.

Professor Myung-Jun Kim asked with a surprised expression.

“What is it?”

“I’ll get a call and come.”

* * *

I came out of the hallway and pressed the call button.

Hyunjoo’s older sister’s voice was heard.

[Are you watching the counting status?]

“Yes.”

[Even though the number of votes is more than half, the remaining 52 to 48 still prevails.]

It was an atmosphere where everyone was sure of staying. The world economy was relieved. The stock market rose, the pound rose, and the yen fell.

It was not known how much the loss was. How much of the money OTK Company poured in the foreign exchange market and the money that K Company bought put options can be saved?

Money that I had never even touched, money that existed only as a number on my account, slipped through my fingers like sand.

It was hard to come to my senses.

It felt as if water had reached under my nose.

Am I wrong?

did i see something wrong? did i do something wrong

What did you miss?

I asked Hyunjoo noona.

“How much money do you have left?”

[$3.2 billion.]

30% of the funds were reserved in case the exchange rate fluctuates more than expected and a margin call comes in, and in the worst case where the forecast goes wrong.

It was a moment when a decision had to be made.

Are you going to pour out all the live ammunition you have now, or save it for the next battle?

Hyunjoo noona said calmly

[Jinhuya. I wish I had done this Let’s stop now. If we step back now, we can save a few companies, including Karos and Faceit.]

If nothing happens after all the live ammunition is thrown, that’s it. OTK Company and K Company will blow everything up and go bankrupt.

“I am······.”

The moment you open your mouth.

A hologram appeared in front of me.

“·················ogue.”

It was just like what I saw three months ago. Even after the vote ended, the future did not change.

The UK will leave the EU!

[Jinhuya. Are you listening?]

“Yes. I am listening.”

I clenched my teeth and gave the final instructions.

“Sell the pound with 50x leverage for all remaining money.”