MTL - The Growth of the Richest Man-Chapter 159 God's Conversation

Almost entirely received by Buffett, this situation, and this lunch, should be Zhang Yong as the protagonist, seems to be a bit different?

But that's okay, the real lunch starts, and that's the big deal. According to the "Buffett Lunch" practice, at lunch, diners can ask Buffett any questions, and as long as these questions do not involve individual stocks and Buffett's recent investment strategy, then Buffett will know everything and say everything. For the evaluation of individual stocks, it is not that Buffett is unwilling to make it, but because, when a heavyweight such as Buffett is reached, once a certain stock is evaluated, the stock will definitely immediately develop towards Buffett's words. , instead of developing according to the actual track, which is why Buffett's comments on individual stocks are often inaccurate.

Just like Zhang Yong in China, as long as he goes to a certain company, the company's stock will skyrocket the next day. Now Zhang Yong, although a large part of Renren Fund is still used for stock investment, but Zhang Yong himself will no longer publicly judge the short-term trend of individual stocks, or even the short-term trend of stock indexes, because once he publicly releases this kind of Remarks will be slapped in the face immediately the next day.

Although Buffett was still present at this lunch, the protagonist of the lunch was not him. So, let Buffett enjoy it once and ask questions to others.

"Mr. Zhang Yong, your Renren investment fund is said to have reached a scale of nearly 50 billion US dollars. The money you control is more than my personal assets. My current personal assets are only 40 billion US dollars. Not enough." Buffett slowly took a sip of vegetable soup, and then said to Zhang Yong, "On the Forbes rich list last year, my personal wealth was 62 billion US dollars, and I was the richest man in the world, but now, it has been so long. The financial crisis, the baptism of the stock market crash, my personal assets, fell by more than 30%, it is very sad."

"Mr. Buffett's condolences. There is no stock market where you never lose money, and there is no stock market where you never lose money. I remember a famous person saying, 'Value investing doesn't guarantee us profitability, but value investing provides us with the path to real success. The only chance', I believe that as long as you stick to your investment philosophy, the money you lost this year will definitely be made back." The money lost in one year, converted into Chinese national currency, exceeds 100 billion yuan, such a huge loss , is equivalent to several times Zhang Yong's personal assets, if Zhang Yong himself lost so much, he himself would go bankrupt several times!

"By the way, the celebrity that Mr. Zhang Yong said just now is me. Then you said another word, that person is my mentor." Xu Lili translated Buffett's next reply, Zhang Yong was stunned, and I am here today Seeing the idols of my two lifetimes, I Temu wanted to quote a few famous quotes here, pretending to be a ×, I am easy for me, Temu I quoted words that were said by the person in front of me. . .

"Wall Street makes money by constantly trading, I make money by not buying and selling. People who trade the stocks they own with each other every day, they're playing a zero-sum game where in the end all People go bankrupt, and all the money goes to the brokerage firm. I've always believed that if, like a business, you don't move for decades, and at the end of the day, when you make a lot of money, your brokerage firm has to go bankrupt. "Buffett told Zhang Yong about his investment philosophy." However, recently, Lehman Brothers went bankrupt, Washington Mutual Bank went bankrupt, Chrysler went bankrupt, Thornburg Mortgage Company went bankrupt, and one after another old-fashioned companies collapsed one by one. It’s really a pity in the financial crisis. Those who insist on my investment philosophy, if they hold the stocks of these companies for a long time, will definitely become poor in a blink of an eye.”

Then, Buffett looked around and saw that none of the restaurant's employees were nearby, so he said softly, "I have another inside story. Tomorrow, that is, on June 1, the world's largest auto company, General Motors, will also Going to file for bankruptcy, my god, my worldview is going to be shattered."

General Motors going bankrupt? Zhang Yong did not expect this. The bankruptcy of General Motors will surely bring about a nine-magnitude earthquake in the automobile industry! But now that the financial crisis is over, if Zhang Yong can acquire a car company in this big earthquake, maybe the future will be bright. "Investment is a rational job. The key to successful investment is to buy stocks of outstanding companies when the market price is much lower than the value of the operating company~www.novelbuddy.com~ Zhang Yong just finished speaking, their private room They were pushed away, and an old Jewish man came in, "Haha, Mr. Zhang Yong, what you just said was also said by Lao Ba! "Then it stared at Buffett and said, "Old bus, I told you that General Motors is going to go bankrupt tomorrow, how about it, are you interested in doing a big vote with me and participating in his bankruptcy and reorganization?" go! The sum of our two funds will definitely be enough. By the way, does brother Zhang Yong have any idea to join in and go to the bankruptcy and reorganization of General Motors together? "

"Uh, this old man is an old friend of mine. You should know him too. His name is Soros!" Buffett said to Zhang Yong, "He is the third of the seven partners I invited!"

"..." Zhang Yong didn't expect that the first charity lunch he held in the United States would attract two of the world's top investors, "I'm only a junior, how can I participate in this kind of thing. And , I believe that with the combined efforts of the Quantum Fund and the Berkshire Hathaway Fund, they should be able to eat General Motors."

"Don't underestimate yourself, Mr. Zhang Yong, Laoba and I both often make money and lose money, but your performance in fund trading in the past two years is so eye-catching, there is almost no loss, all the way. Earn it steadily. Your keen insight makes us two old people very envious!" Soros interrupted Zhang Yong, "General Motors' current debt is a full 200 billion US dollars. , even the joint efforts of the Quantum Fund and the Berkshire Hathaway Fund are difficult to take over. Would you like to join Mr. Zhang?"

200 billion US dollars, my mother, I want to have a stud with you two big guys, but I don't have any money!