The Son of Finance of the Great Age

  Chapter 648 No one can protect themselves

   Less than two hours after the market closed, rumors about Goodman's company spread wildly. Like the rumors of Stanley Corporation, Goodman Corporation was also involved in the transaction with American International Bank, and the transaction volume of 287.1 billion US dollars even exceeded that of Stanley Corporation.

   This news shook the entire market, although many people did not take it seriously. But another rumor about Goodman made them have to face up to it: the sub-fund of Howard Asset Management, Europe's largest hedge fund, is withdrawing its position in Goodman. In addition to Howard Asset Management, other large hedge funds in Europe are also quietly withdrawing positions from Goodman.

  Before everyone had time to digest the explosive news, another more shocking news came out: Druckenmiller was withdrawing his own funds from Goodman's brokerage account.

   As Soros' most successful assistant, Druckenmiller's move has always been one of the focuses in the market. Although he left the Quantum Fund in 2001, the halo seems less dazzling than before, but everyone knows his close relationship with Soros. At present, the fund managed by Druckenmiller is his own family property plus the funds of some close investors. Although the rate of return is not too high, outsiders cannot get a glimpse of the true situation of this fund. But judging from public data, this fund also has billions of dollars.

   More importantly, outsiders have no way of knowing whether the divestment from Goodman was Druckenmiller's own decision or Soros' suggestion. If it is the former's own behavior, the influence may not be a big deal; but if it is the latter, it means that top hedge funds and their managers are not optimistic about Goodman, and even Quantum Fund is withdrawing their positions. Therein lies the problem.

  Even if Goodman has a cash reserve of 200 billion US dollars, how many hedge funds can withstand the divestment? And once the funds dry up, the only thing waiting for them is bankruptcy or being rescued. Perhaps it is more likely to be saved, but at this time, who would dare to easily guess and gamble on Washington's mind? Who dares to pat their chests to ensure that the funds in their Goodman company account are safe?

nobody!

  The market was in turmoil. Although many people were still waiting and watching, unable to confirm the authenticity of the news, within Goodman Company, funds really began to flow out one by one.

   "Damn, this must be their revenge!"

   Soon the news reached Blankfein's ears. After thinking about it for a while, he realized that this might be a trick by Stanley. Blankfein was naturally furious, but there was nothing he could do after the roar.

  Although he knew it well, he didn't have the slightest evidence to prove that Stanley Company did it, just as Stanley could not prove that the rumors that the market was unfavorable to them came from Goodman Company. As for "turning an enemy into a friend", it is even more impossible. First of all, the long-term competition between the two parties has made the relationship quite bad, and just two hours ago, he rejected the olive branch extended by the other party's CEO.

   "No, it can't go on like this, I have to stop this from going on."

  Thinking this way, Blankfein called Druckenmiller. The two had a good personal relationship, and even when Druckenmiller was not at the Quantum Fund, they maintained a close relationship.

  Although the outside world still has doubts about whether Druckenmiller divested, Blankfein knows that this is real.

"Stanley, you can't do this." Blankfein tried to convince the other party with personal friendship, "We are old friends. You can't withdraw your funds at this time. I can guarantee that your funds are in the We are absolutely safe here."

   "Sorry, Lauder, there are too many rumors in the market, I have to be cautious." Druckenmiller obviously didn't buy it too much, and flatly declined.

"No, no, Stanley, you have to listen to me." Blankfein said calmly, "Inside us, we are making a list of enemies and friends. Helped us in this critical moment. I don't think you would want to be on the enemy's list, would you, Stanley."

This is already close to a threat, but Druckenmiller will not accept this, "Lauder, I'm sorry, even if I appear on the enemy list, I can't care about it. You know, these funds are mine The whole net worth. Whatever you want, but my first consideration is my money. I have to protect myself first, as for which list you put me on, that is your freedom, I don't care at all."

"Damn it, you **** with an eye for money!" Blankfein cursed secretly in his heart, but echoed insincerely in his mouth, "Yes, you are right, this is also your freedom, but Stanley, your kind I deeply regret actions that could alter our relationship for a long time to come."

  After hanging up the phone, Blankfein felt frustrated for a while. It was obvious that the other party didn't care about his feelings at all. After thinking for a while, he decisively picked up the phone again. This time he called his predecessor, Henry Paulson, the Secretary of the Treasury of the United States.

   "Henry, it's me, Blankfein, I think we need help!"

  …

   Almost at the same time that Blankfein called Druckenmiller, John Mark of Stanley Company also received a call from Soros.

   "John, I'm Soros, and I want to redeem some funds from you." Soros went straight to the point, without any intention of negotiating.

  In the eyes of outsiders, the relationship between Quantum Fund and Stanley Corporation is quite close. The two parties have cooperated very tacitly in several large transactions. Naturally, the high-level executives of both parties will also have a very good private relationship. The fact is the same, but both Soros and John Mark know that there has been a rift in their relationship, but both sides are hiding each other.

  Soros made a hypocritical divestment call, naturally to maintain the relationship on the surface, otherwise he would not even make this notification call.

   "If you really want to do this, just take out all the money!" John Mark's voice was weak, and he was very disappointed.

Soros felt very strange. Based on his understanding of John Mark, the other party would either be furious, or would try hard to keep him, but the reality was that he didn't say a single word that he expected, which made him a little uncertain. He decided to test it out for a while.

"John, I'm very sorry, but I have no choice." Soros began to find excuses for himself, "My risk officer reminded me that Quantum Fund has too many risky positions in Stanley, and there are too many rumors in the market. We can’t tell what’s real and what’s not.”

"Take your money, and tell those people in the market who believe the rumors that they can get their money back from us!" As expected by Soros, John Mark was really angry, "We need We want loyal customers, not swingers. Look, when it all clears up, even if those customers come back and beg us, we won’t be handling their money.”

"Is that so?" Soros weighed quickly in his mind, thinking it's better not to tear up his face, "John, is there any good news? If you really don't have any problems, I don't think it's better not to damage our relationship. For good."

  He originally planned to use this to get some inside information about Stanley Company, but he never thought that John Mark had already listed him as a member of the list of dangerous people, so how could he be fooled? At that moment, John Mark said lightly: "George, since you can think so, it's best,

  I can tell you responsibly that the rumors about us in the market are not true. In fact, we have been seeing inflows and outflows of funds recently, and they have generally remained about the same. In addition, we are also looking for suitable investors, hoping to get enough cash flow support to help us tide over the difficulties. Also, the Federal Reserve and the Treasury have promised us that they will help us at critical times. Come to think of it, with so much protection, we don't care about guys who abandon us at critical moments. "

"Really?" Soros was really surprised. He couldn't tell whether what John Mark said was true or false, and he didn't have time to distinguish and verify it. He could only follow the other party's words, "Then buy your company's stock now." , don’t you want to make a lot of money?”

"Our company's stock?" John Mark chuckled, "George, if you plan to buy our stock, I don't think now is the right time. But if you don't plan to withdraw your capital, I can tell you a rate of return that can To achieve 100% of the stock, within a few months, this income can be achieved."

   "What? I don't know about such a thing?" Soros was surprised again, and quickly calculated the gains and losses of the divestment in his mind. In fact, today’s plunge in Stanley’s stock was led by his team. Stanley’s stock, which once plummeted by more than 30%, almost fell to less than $16 per share, and then some inexplicable funds began to sweep the market at the bottom. Not only stopped the decline, but even promoted the rise of Stanley's stock, but Stanley's stock eventually fell by about 24%.

  In retrospect, it may be that some institution that has known the inside story for a long time is buying at the bottom. Although it was only a slight contact, Soros' team clearly realized that the other party had strong financial resources and could not be easily defeated. Thinking about it this way, he fully understood that Stanley Company may have found a strong support.

   But all this is unknown, Soros just regarded it as a possibility. He said vaguely: "John, if there is such a chance to make money, I can consider not withdrawing the capital from Stanley. But if the situation is really critical, I can't do anything about it, after all, the money now is not our money , I am also responsible for my investors.”

"Of course, of course!" John Mark's voice became obviously happy, "George, I know that everything is not easy now, but I can guarantee that if your position is large enough, you can even make money investing in Stan A profit as large as the company's position, trust me, it's a surefire trade. George, have you ever heard of a Porsche?"

   "Porsche?"

  Soros was still reminiscing about John Mark's words. He was taken aback when he heard Porsche, and then realized that the other party was talking about a sports car brand. But after thinking about it, he understood, "You mean Porsche's acquisition of Volkswagen?"

"Yes!" John Mark said calmly, "Although Porsche claims to acquire Volkswagen's equity, in fact they have no way to continue, because there are still about 20% of the equity in the hands of the government. How did they get this part of equity?" It cannot be acquired. If they really want to achieve absolute control, then they have to acquire all the shares in the market, which is absolutely impossible. Therefore, the market is unanimously bearish on the shares of Volkswagen, but no one knows what Porsche will be in Time to stop."

"As long as Porsche stops, it will be the time when Volkswagen's shares will fall!" John Mark continued to bewitch, "According to the current price of about 420 euros, compared with the normal price of about 200 euros, isn't this a 100% profit? George , you can't miss this opportunity!"

   Thanks to book friends Gambler is not me, Jiangnan Liu Feiyan, Shi Huangtian, book friends 131025103232773 for voting monthly! Thanks to the book friends for the reward in the hasty misty rain! When the hot weather finally eased with the arrival of the beginning of autumn, it was supposed to be a good time to write a book, but the author will go back in the next few days due to family affairs (this is already scheduled and not an accident), the author After I come back, I really have to make up my mind to write a good book and no longer be affected by other factors. Recently, there are really too few updates, and I will try to write as much as possible in the future.

  (end of this chapter)