Confidence is more precious than gold.

Most of Wall Street's investment banking business models are built on confidence.

Financial companies are not like manufacturing companies. Even if the market situation is bad, at least there are physical objects that will not collapse. As for financial companies, as long as there is a large-scale panic in the market, the business model of overnight borrowing and financing will collapse.

This also illustrates the fragility of Wall Street from one side. Even the Treasury Secretary at the top of the chain and Ceo on Wall Street couldn't escape the panic that the wind and rain were coming across the building.

What's more, at this time, the panic has become a disaster with Lehman's bankruptcy. The Dow Jones Index fell 504 points, a drop of nearly 5%, and the S & P fell more than 10%. Affected by Lehman, global stock markets were mourning.

In a market economy, the stock market is a barometer of the economy. The stock market values ​​investors' expectations for the company's future. In addition to the economic situation and corporate fundamentals, the formation of expectations is also largely based on people's confidence.

When the financial crisis is approaching, no one can resist that kind of panic. People frantically clear their stocks, no matter how much their costs are, they just fear that they will be the last one to escape. So dozens of stocks can fall instantly worthless. Its existence value at this moment is completely irrelevant to its company's operating conditions, it is only about investor confidence, which is also known as trampled disaster.

Be greedy when others panic and be cautious when others are greedy.

In Andy's opinion, this sentence looks clever, but in fact it mainly has the role of pretending to be nonsense.

How many people can do it? Because when the bank keeps applying for bankruptcy protection, it doesn't know where it is. Even if the judgment is correct for the long-term trend, it is likely that it will lose money long before the day when value returns.

"Moody's and Standard & Poor's downgraded AIG's credit rating. Aig's funding gap suddenly increased from $ 50 billion two days ago to the need for $ 85 billion in loan commitments before work. In this case, the private sector May solve the problem.

According to the news just received, under the arrangement of the Federal Reserve, Goldman Sachs and Dharma began to discuss the rescue of AIG, but they are not optimistic. Maybe soon, the boss will also receive a call from Aig's Ceo Velenstein for help ... "

In the meeting room of Gaia's company, Andy relaxed and lazily nestled in the boss's chair, looking like a lack of interest, listening to the reports of his staff, even though the company has been so busy that he is always watching. The Wall Street team was not drafted.

Andy knows very well that the assets acquired can be smoothed out without any hassle, but the financial tsunami currently staged on Wall Street is a golden opportunity, and you must not lose sight of it.

"What is Aig's share price now?"

"The Dow fell 504 points, the biggest one-day drop since" 911 ". AIG's stock price fell 65% to $ 4.76! The $ 700 billion market value evaporated!"

"How much have we stopped?" Andy beamed his eyes and asked with a little excitement inside.

"... Because of the restrictions of the short-selling price increase rules, all shorts are stuck at 10%, and now shorts require more principal investment and leverage is limited. We are experiencing a plunge from aig Only a profit of $ 3 billion. "

"Xiete!" Andy Ning's eyebrows swearing ugly, Nima's, most of the money has evaporated, and the ducks flying to the mouth make Andy look a little anxious, after all, if there is no short sale With the ban, at least 10 billion in revenue is appropriate. Now it's okay. It's no wonder that we can be happy just by intercepting such a small amount.

"I heard that both Goldman Sachs and Damon have prepared tens of billions of funds for a sum of money, Berkshire-Hathaway has also prepared 60 billion, and Soros ’s Quantum Fund has also been prepared. More than 40 billion were suddenly hit by the White House and stuck his neck ... "

Al timely said some information to calm down the greed and anger of his boss. He wanted to hear that someone was unlucky with him, and the boss felt better.

Sure enough, Andy's expression of anxiety was slightly stagnant, the corners of his mouth twitched a few times, and then he vomited: "This group of **** deserves bad luck!" ...

Everyone in the conference room bowed their heads collectively, preventing the boss from seeing their black foreheads and uncomfortable expressions.

"Boss, the chain reaction brought by the continuous collapse of the financial system will destroy all combinations, and no empire will be guaranteed! We cannot be alone ..."

Al looked at the boss solemnly, and said with some concern that his boss became more and more unscrupulous and madly affected the US capital market regardless of the consequences.

This time, Andy directly ignored the persuasion of his chief think tank, his eyes flashed with dazzling coldness, and said, "At the end of this year, my cash in my hands must be more than 50 billion US dollars. My plan cannot be lost!"

Al's pupils have also shrunk slightly. He naturally knows what the big boss's unforgettable plan is. Qualcomm, the 97th ranked company in the world ’s top 500 companies, even if the financial tsunami, the stock price will plummet and the market value will also be 400. -US $ 60 billion.

If the boss really needs it, then even if there are many banks willing to help the boss, lend the boss funds and help the acquisition, the available funds in the hands of the boss also need to be close to the market value of the other party. Counterattack of acquisition.

There is also an AMC theater company that costs about 2 billion and 4 billion to 6 billion Starbucks. No matter what the goal is, it can not be easily taken down. In addition to the AMC theater, it may be possible to negotiate deals with the kind. The rest of Starbucks and Qualcomm must have had a fierce battle to get results.

In the face of Qualcomm, we must not only confront the commercial battlefield, but also play a political game in Washington. After all, as a high-tech company such as Qualcomm, it has world-leading technology power, and it is not simply rich enough to acquire, of course. At this point, Al had nothing to worry about, and no one would rush to death in front of the hard steel of the Smith family.

After the meeting ended, Andy returned to the office and just sat down. He received a call from Warren Buffett. To say who is the hottest in the United States now, Warren Buffett, the old hooligan, is undoubtedly in the first place.

Whether it's Lehman, which has gone bankrupt, or AIG, which has only 48 hours to raise funds to fill its holes, or the United States Bank, which has nowhere to go, their first choice is not to seek the help of the Federal Reserve, but to take He called Warren Buffett, the old hooligan.

Rather than taking the hot US dollars from the Federal Reserve or the Treasury, they are more inclined to be slaughtered. Warren Buffett's help, because both the Federal Reserve and the Treasury are cannibalism, not their own. Holding the dollar and the butcher knife in the other hand, their favorite thing to do is to change all the executives from EO to various departments ...

Warren, the old hooligan, opened his mouth with envy and jealousy. Warren was really jealous of the good thing that Andy had copied the core and best quality assets of Lehman Company.

After Andy talked a little bit with the other side for a while, he asked: "You are the hottest busiest person now, don't you just call and chat with me to waste time?"

"Of course, let's be honest, I'm in New York now and come out to play golf ..."

"I'm crazy. On such a hot day, I'm going out to play golf with you! Let's talk about something, find money and talk, and don't waste your time with me." Andy glanced out of the window unconsciously. The scorching sun hanging in the sky rolled his eyes and refused directly.

"Ahem ... you guys, it's good to exercise and sweat a little. Well, yes, just aig group ceo Willenstein asked to invest about $ 5 billion. Are you interested?"

"I'm not interested! I knew you wouldn't think of me for something good. 5 billion is a trivial matter to you. Why don't you invest? Why do you keep the 60 billion yuan in your hands?" Andy asked with a sneer. Road.

Although he knew that the U.S. government would save aig, the situation of aig was too complicated, and he did not know about the insurance industry in the United States. He had been thinking about selling the stock price of hedging people with a bad heart. Where can I learn about aig? The real problem within the group.