Rebirth: Japanese investor

   Chapter 47 Gambling

  Peter Peterson and Steve Schwarzman worked together for many years at Lehman Brothers. Peterson also formed a friendship with Akio Morita, the president of Sony Corporation, in his early years. The first pot of gold was the money he earned from each other.

   Blackstone Group's first fund secured $850 million from 32 investors, including Nikko Securities, MetLife, General Electric Co. and General Motors Retirement Fund.

   It can also be seen how strong their professional level, personal connections and social background are, but they were very difficult in the initial stage, and the actual situation of Kishimoto Justice is much worse than when they were first created.

  Kishimoto Masayoshi wants to build an investment company, the only way is not to take the usual path. He has a deep background in the pachinko industry, and it is relatively easy to gain the trust of his colleagues in the past.

  After all, pachinko's line is completely legal on the surface of RB law, but there are too many secrets of all kinds, big and small.

   Among them, the fights of swords, lights, swords and shadows have happened in the back. In addition, there are police security management fees, political cash and so on.

  Kishimoto Masayoshi knows that the pachinko industry is a gray area industry in the true sense.

Why does the   RB government allow it to exist? It is to know that gambling is an unstoppable business, after all, it is something inherent in human nature.

  Because life is impermanent and there are too many uncertain factors, it will make people gamble. Everyone has the ability to gamble, and the difference lies in the different things to gamble. Is stock trading a gamble?

   Is doing business a gamble? Is studying also a bet on yourself, your family, and even your family to have a good future and a good life in the future? …

The attitude of the   RB government is that instead of letting gambling grow uncontrollably in the dark, it is better to let it be controlled.

   There are two major advantages of this, one is to prevent some money from directly flowing into the private pockets of small groups of interest groups, and the other is to save various social costs of vigorously gambling.

   Besides, in terms of taxation, economic development still has a lot of positive help.

   At this time, the legality of the RB gaming industry is limited to horse betting, pachinko, lottery, etc. Baccarat, Texas Hold'em, etc. that directly open a casino are absolutely not allowed, and those that are expressly prohibited are illegal.

   However, 20 years later, the RB government revised the law and carried out a loosening, so that the gambling games of baccarat became legal.

   Kishimoto's sword of justice is on the sidelines. Only by taking advantage of this advantage that others have that he has, can he make more money.

  From a general perspective, although these money are hard-earned money lost by many people, they are not black money, and they do not need to be laundered by their own hands.

  If not, your investment company will definitely be exactly the same as those usury companies on the street under the banner of financial management and small loans. Or become an underground bank that specializes in money laundering and helping others transfer illegal assets overseas.

   Peter Peterson and Steve Schwartzman voluntarily resigned from Lehman Brothers to start their own business, not a momentary fever.

They still make the best use of their own background and various resources around them. They not only have friendship with Akio Morita, the founder of Sony, who is known as the **** of management, but also have a relationship with GE, the legendary CEO of General Electric Company. Known as the world's first CEO, Jack Welch, the most successful and greatest contemporary entrepreneur in the United States, has friendship.

  If not, you can't even see one of these people, and no one will listen to you. Thus, the chicken soup technique of "one-minute elevator speech" was born. Often the result is that there is little left for the client to feel offended by rudeness.

   These people who are running around hard are basically college students who have just graduated from university, but they have not achieved the slightest effect, they are just doing nothing.

   Anyone who studies management doesn't know how powerful GE is in the world. If you don't know, it can only prove that you didn't skip class, or you went to sleep during class.

   It involves all kinds of business except drugs. It is also one of the few companies in the world that can successfully achieve a true diversification strategy.

  When Jack Welch was the CEO of GE, he proposed one of the best strategies, that is, if many of its business units are not ranked first or second in their respective industries, they will be directly divested and sold.

   Then there is the Six Sigma standard he founded, globalization and e-commerce, which almost redefines the modern enterprise.

  Six Sigma is a technology to improve the quality process management of enterprises. With the perfect business pursuit of "zero defect", it drives the substantial reduction of quality costs, and finally realizes the improvement of financial results and the breakthrough of enterprise competitiveness. It is developed on the basis of RB people's high-quality management.

   In the short 20 years that Jack Welch served as the chairman and CEO of General Electric (GE), GE's market capital has increased by more than 30 times, reaching 450 billion US dollars, and the ranking has been raised from the 10th in the world to the 1st.

   He himself just graduated from the University of Illinois with a Ph.D. in chemistry, not a graduate of Harvard, MIT, Princeton, Stanford and other world-class business schools.

   Harvard Business School's MBA (Master of Business Administration) is known as the "money printing machine" in the United States, which means that the graduates have a high annual income, but Jack Welch said in his autobiography that they are useless.

   To this end, Kishimoto Justice is recognized. He studied business administration in his previous life. The set of theoretical things of Peter Drucker, the master of management and the father of modern management, sounded enthusiastic in the classroom, and seemed to be very insightful, but they may not be used in practice.

  Hopefully, those who have learned can become generalists in the future. It's not that I don't know that the business administration major belongs to the "six dissimilarities" major.

  Finance, accounting, human resources, marketing, logistics, foreign trade, advertising, economics, etc., can be said to be inexperienced, but the value of its existence lies in the word "management".

   As a manager, you really don’t need to do a specific job, you just need to understand how to do things all at once. As the saying goes, those who have the ability manage people, and those who are incompetent do things.

   But, here comes the problem. University graduates have no social experience and work experience, who would dare to put you in a management position directly? unless it's your own business.

  Theory and practice are completely different things. When I actually got into a management position, I found that nine out of ten things I learned from books were useless.

   Besides, when I was studying, I didn’t really understand the meaning behind the words. The most important thing is that the knowledge of business activities is extremely complex, which depends on talent, accumulation and summary of relevant practical experience, and extensive human resources.

   (end of this chapter)