MTL - Wall Street Legend-Chapter 40 Mystified self-confidence

  Chapter 40 Mysterious self-confidence

   Well said, but these five people all understand the strength of Freshwater Fund.

   Judging from Ye Dongqing's act of actually buying it, it doesn't look like he is very rich. It is difficult to ignite enthusiasm, and reason still dominates.

It is difficult, or basically impossible, for a normal fund to guarantee an annualized rate of return of 7.5% or 8% while guaranteeing no loss of any principal. A one-year or ten-year closure period is fine, but according to Ye Dongqing's previous statement, it can be taken away after one year.

  This is not a fund, more like doing good deeds!

  If there is such a high rate of return, what business do major companies and investors still do?

  Many listed companies have worked hard for a whole year, and the profit is less than 5% of the total market value. It is better to package and sell such high-dividend capital preservation funds. How easy it is, and you don’t have to worry about how to make money.

  Looking at these things together, they feel that Ye Dongqing is trying to conduct an illegal "Ponzi scheme" business, which seems quite normal.

  The so-called "Ponzi scheme", also known as a pyramid scheme, generally refers to using the money of new investors to pay interest and short-term returns to old investors, so as to create the illusion of making money and defraud more investment.

In this era, Mr. Bernard Madoff, the current chairman of Nasdaq, is concentrating on designing his Ponzi scheme. If Ye Dongqing remembers correctly, that shrewd old man caused at least 50 billion US dollars in losses. .

  No one wants to bear a stain that may involve a Ponzi scheme. The five old employees of Fresh Water Fund do not believe Ye Dongqing.

  Because in their view, it is impossible for this young Chinese boy to earn so much money every year to pay a high dividend with an annualized rate of 8%.

   It was still Mr. Kyle, who continued to ask him: "You are not willing to confess your future investment direction, and you plan to come up with such...almost absurd financial products. It is difficult for us to believe that you can really do it.

  While it's tempting to talk about each of us making a million dollars, I'm going to stick with my previous thoughts and find a job that suits me better. Good luck, bye. "

   As soon as he finished speaking, he really walked through the crowd and left, leaving two people in succession. It seems that Ye Dongqing's personality is really not that good.

  He felt that it didn't matter, it was better to leave first, so as not to cause trouble for himself in the future, and continued:

   "I don't seem to believe that I can succeed, or that sentence, how about trying first?

  I am willing to give you a liability waiver agreement. If there is a problem with the new fund I created, such as a broken capital chain, or other troubles, it is none of your business, right? You can promise now that at least 80% of the funds will be used to invest in stocks, IT industry stocks and the like, and the remaining money will be used to maintain the company's operations and make other investments. As a result, I will personally give you two hundred thousand dollars each, and you will find new jobs by yourself. "

  If all the people are gone, it will have some impact on Ye Dongqing's plan, and the original intention of acquiring a ready-made company will come to naught. At this time, he asked for money and an exemption agreement to stabilize the remaining four people.

  Ms. Vigo remained calm and was not moved by Ye Dongqing's words for the time being. She asked an irrelevant question: "So you are still optimistic about the Internet industry? You must know that its current situation is not good."

"I think the collapse of the Internet bubble is very reasonable. A large number of companies that went public for money and did not have much development prospects were kicked out this time. However, the entire industry cannot be completely denied. The deeper information world is bound to be in the next 15 years. It will be formed within the year, and now it is in a low period. I need money to buy the bottom.

Since I promised to sign the exemption clause with you, I don’t need to be implicated. I think as long as the salary and bonus are paid on time, you don’t need to worry too much. Just leave it to me to choose the investment target. As I just said, I feel that this company If the company fails, you can leave at any time. "

   Speaking of this, Ye Dongqing couldn't stop anyone who wanted to leave.

He has already prepared the worst plan in his heart, and even if he recruits all the people again, he will continue the plan. He knows that this path is absolutely right, and the profit is extremely considerable. Condition.

  If it succeeds, it’s called having an investment vision. If it fails, it’s a Ponzi scheme. Ye Dongqing is full of confidence in this...

  Everyone who should go has gone.

  The four who stayed, even if they still didn't believe in Ye Dongqing, they couldn't leave because of the 200,000 USD severance package.

  Anyway, the sky is falling and the new boss is supporting them. As employees of the company, they can keep an eye on the accounts at any time, and wait until they notice something is wrong.

  The original freshwater fund companies, Chengye Internet and Baiye Internet, Ms. Vigo has enough understanding of the information industry that is currently in a cold winter and a large number of companies shout the slogan "survive".

  She still doesn't know Ye Dongqing's real investment goals for the time being. Like other employees, she is also in a state of entanglement. She doesn't know whether to leave or stay. She is more inclined to stay for a while in her mind.

  Recently, it is not easy to find a good job, and I also want to see what kind of moths the Chinese boss who is extremely conceited can come up with.

When the two parties met for the first time, the pleasure was accompanied by unhappiness. Overall, Ye Dongqing was quite satisfied. After returning to the office that originally belonged to Mr. Steven, Ye Dongqing took the document with the customer's information on it, and continued to make phone calls one by one, trying to get the ready-made The $4 million remains in the Freshwater Fund account.

  On average, each phone call takes ten minutes, capital preservation fund, plus an 8% annualized rate of return, it is surprising that investors are not interested, no matter what the company employees think, he still follows his own plan.

  Laura had nothing to do, sitting on the sofa that smelled of cigars, and looked at this office filled with various economics books, classically decorated and simple. The area was small, only about 20 square meters.

   Occasionally, I overheard Ye Dongqing's speech in a fair and honest manner, and I always felt that I could deal with those investors with ease, and my words were full of provocative and passionate.

Suddenly, she felt that perhaps this guy of her own age could really succeed. He had a kind of mysterious self-confidence, and several investors were impressed by him. She couldn't figure out whether it was a lie or real confidence. full.

   Comparing the two, Laura found that she couldn't do anything, and she was more angry than others...

Ye Dongqing locked himself in the office, and his voice could be heard outside. A top Yale finance student named Kanek came to Ms. Vigo and asked in a low voice, "Director, do you really plan to stay in the office?" This? My God, 8% annualized rate of return, how can I earn it back?"

   "I know you are still working here for someone else?"

Ms. Viggo Moore sat at her desk, thinking about it with a pen in her mouth, and replied: "Actually, as long as you place a heavy bet on an Internet company, the scale of which is still small recently, and the potential for future appreciation is huge, you can get an 8% return." What is the rate? He is right. The information industry still has a bright future, but it is a pity that it may not be the right bet.

  Look at SUN and AOL. If the boss had listened to my suggestion in 2000 to reduce his positions in these two stocks and build positions in other industries to share risks, he would not have jumped off the Brooklyn Bridge. Keep working for a while, last month I submitted three resumes, all of which were returned, it is hard to find a job..."

  (end of this chapter)