The price of the Thai baht has returned to the elastic range of the Bank of Thailand again, which means that the international capital's attack on the Thai baht has failed.

In the forward foreign exchange market, a large area of ​​short positions were wiped out.

Because of the stop-loss closing of super giants such as Tiger Fund and Quantum Fund, the price of the Thai baht has experienced a short-selling and short-selling market.

In the swarms of empty flats, large-scale bears were strangled by bears.

Whether it is an individual or a small fund.

No one can withstand the crazy stampede of teammates.

Some are forced to liquidate by the exchange; some are forced to stop losses when they see the general trend has gone.

With the baht gaining as much as 3,000 points, not many funds can afford such a massive loss.

In the spot market, the central baht price has also returned to the control of the Bank of Thailand.

With the high interest rate of 1200% offshore, no one can afford such a high transaction cost.

The channels for borrowing Thai baht are restricted. If there is no absolute certainty, no one dares to borrow Thai baht to suppress prices.

In this siege against the bears, the Bank of Thailand won.

Bangkok, Bank of Thailand.

President Sonny is on the phone thanking allies.

"Thank you all, without your dedication, Thailand would be hard to resist the devour of those jackals this time. Thailand let me express my sincere thanks to all of you!  …"

Sonny's tone was sincere, and he stood in front of the videophone and bowed deeply to several allies online.

This bow, Sonny sincerely.

Although we spent more than one billion dollars this time, we finally repelled the attack of those piranhas.

As long as it can be delayed for a while until ASEAN grows, Thailand can maintain its economic growth steadily in the future with Thailand's status in ASEAN.

So Sonny's face was full of smiles.

And in his heart, it was rare.

I can finally rest in peace.

After hanging up, Sonny picked up the phone on his desk with a smile.

"Beep..." After two beeps.

"Kan, I'm Sonny. Let's have a good celebration tonight."

"..."

......

"In the forward market, the cumulative loss of our position has reached 350 million US dollars, plus the cost of the spot foreign exchange market, the total loss is expected to be 480 million US dollars..."

New York, Wall Street.

Inside the Quantum Fund headquarters.

Stanley Druckenmiller leaned tiredly on his office chair and listened to the assistant reporting on the work.

Like most bears, Quantum Fund chose to stop out.

Neither can Druckenmiller.

With the current strength of the Thai baht, it is difficult to continue to attack.

Procrastinating all the time is no way.

Clients don't want their money sitting there.

Now, only by temporarily avoiding the baht's edge can the losses be minimized.

Time waits for no one.

It would be nice to have a few more months before that.

"At present, the position in the forward market has been reduced to 100 million US dollars, and it is expected to be fully settled this week. In the spot foreign exchange market, 60% of the position has also been settled..."

"Well, I see, you go out, I want to be quiet."

Robbie glanced worriedly at his immediate boss. After following Druckenmiller for more than ten years, it was the first time he saw his boss so tired.

But Robbie knew it too.

In addition, this time, Druckenmiller has missed the second time in the Thai market.

As a money manager, the kind of blow brought about by two misses is completely incomprehensible to outsiders.

That sense of failure is a belief-breaking.

Seriously, the whole world will collapse because of this.

Every year, countless speculators in the world commit suicide because of failure. Many outsiders will feel that they cannot face the feeling of heaven falling into **** brought about by losses.

But Robbie knew.

In fact, losses only account for part of the reason.

More is caused by the collapse of one's beliefs and the world.

No one can trust this business.

No one but God knows how the market will turn out in the end.

The only way to win is to trust your own feelings and judgments.

This is the only path to success.

Only with absolute confidence can we be able to execute our strategic plan perfectly time and time again.

But absolute confidence always turns into absolute conceit before you know it.

Once a series of failures, people's beliefs will be defeated by failure.

From a slump, to the end of life.

And now, Druckenmiller has missed twice in a row on the Thai baht. I am afraid that only Druckenmiller himself knows the magnitude of the blow.

"Boom..." There was a knock on the door.

As soon as Robbie went out, there was a knock on the door of Druckenmiller's office.

Then, a most familiar voice came in from outside.

"Stanley, can I come in?"

"Oh, of course!"

Entering the door is the soul of the Quantum Fund.

George Soros.

In many parts of the world, George Soros is regarded as the incarnation of the devil.

Because of him, millions of families have been shattered, and tens of thousands of human beings have died because of the financial crisis he brought.

But it's hard to imagine that such a person would knock on the door and ask questions when he walked into his subordinate's office.

in the office.

Druckenmiller quickly stood up from his office chair.

There was a slight respect on his face.

Soros, both his partner and his boss.

It was his second mentor.

His investment philosophy, many of which have absorbed the philosophy of life that Soros taught him.

Although intuition, Druckenmiller is far ahead of Soros.

But how could Druckenmiller take the kindness of preaching and leading the way.

And Soros has never failed Druckenmiller.

Soros even left the Quantum Fund so that Druckenmiller could play better.

This kind of trust, few people in the world can do.

The feeling of being both a teacher and a friend~lightnovelpub.net~ keeps the relationship between the two very close.

After Soros entered the door, he was straight to the point.

"Stanley, your face is very bad, is it because of unwillingness and regret?"

"George, you see. I'm really sorry..."

"I'm sorry? No, no, Stanley, you don't need to apologize, you have done a good job. If it were me, I would have made the same choice as you."

"But....."

"Stanley, one's life is bound to experience countless setbacks and failures. In Huaguo's words, failure is the mother of success. It's really nothing, maybe it's a good thing, so you really don't have to worry about it. responsibility."

"Thank you, George, but I've always wondered why it failed this time."

"Stanley, I was the same as you before. According to our judgment, the Thai baht will inevitably fall. But I now understand why."