China has put the blame on Buffett, and the U.S. government is helpless. Although they think this is an excuse, it doesn't seem to have any flaws.
However, Buffett's stock has also shrunk this year. Last year, Buffett's net worth once surpassed Bill Gates and ranked as the second richest person in the world. But now it is equal to Bill Gates. It is estimated that by the end of the year, he will be surpassed by Bill Gates again.
Speaking of which, Bill Gates is also relatively miserable. Last year, he only ranked fourth in the world rankings. The first is Feng Yu. This is undisputed. The second is Buffett, whose net worth exceeds 60 billion US dollars. Because the stock market was booming at that time, Buffett's assets were also rising.
The third is a Mexican telecommunications tycoon, and the person Feng Yu plans to cooperate with to enter the American telecommunications industry. The fourth is Bill Gates, the software tycoon.
Falling from the position of the world's richest man, and then falling all the way to fourth place, has caused Bill Gates' reputation to plummet, and it also proves that many people's trust in Microsoft has declined.
Bill Gates is also gathering strength, mainly to see whether the new generation PC operating system launched by Microsoft at the end of the year can bring Microsoft back to its peak.
Feng Yu could guess what Bill Gates was thinking, but Feng Yu didn't think Bill Gates could succeed. At most, Bill Gates would be the third in the world.
The first place in the world must belong to Feng Yu. The second place in the world is Kirilenko's turn.
In this financial investment, Feng Yu has the largest amount of funds, and Kirilenko has the second largest amount. When it comes to mortgage speculation and financial speculation, Kirilenko is much crazier than Feng Yu.
As for Microsoft's new generation operating system, even if it is easier to use than the previous version of Win7, due to user inertia and the layout of Lianxiang Yinshan, the development will not be that good.
Microsoft no longer has to worry about being accused of monopoly because they have lost their monopoly status.
In Feng Yu's view, Bill Gates is still the same as in his previous life. After the new system is released and Microsoft's stock price rebounds, he will quickly cash out and inject the funds into his charitable foundation. The software industry should also change. Got it!
At this time, Feng Yu also asked people to analyze the stocks of many companies to see which ones would plummet, and then looked for financial companies that could lend the stocks for short selling operations.
At the same time, Ralph was also asked to seize the time to negotiate with the supermarket group, requiring Ralph to acquire the supermarket group as quickly as possible and merge it into the Taihua Holdings Group.
But Ralph was also very busy at this time, and even Masao Kameda was helping. Although Feng Yu gave Masao Kameda a holiday during this period and asked him to accompany his family to Beijing to watch the Olympic Games, Masao Kameda also took the initiative to share some work for Ralph, such as integrating some acquired financial companies.
Minsheng Bank is also holding frequent meetings to discuss entering the US market. Although Feng Yu has set the tone, there is still a big gap between theory and specific operations.
For example, to build so many business outlets, a lot of money needs to be invested. If Fannie and Freddie go bankrupt, the U.S. real estate market will fall.
The price difference between buying a store at this time and buying a store two months later may be more than 10%.
Ten percent doesn't seem like a lot, but if it's one billion U.S. dollars, then the difference is a hundred million U.S. dollars.
One hundred million U.S. dollars is not a lot for Feng Yu, but for Minsheng Bank, which is now spending money like crazy, it is not a small amount.
Minsheng Bank is all money contributed by individual shareholders. If their companies take shares, then of course there will be no problem. For example, Zong Qingxian has a lot of money, but most of his assets are stocks of Taihua Holdings and Lehaha Group, as well as stocks of other companies, real estate, etc. In fact, the cash he can use is not particularly large.
Most of the shareholders of Minsheng Bank are in a similar situation to Zong Qingxian. Who would allow so much money to be deposited in their bank account? It is not in line with the investment philosophy at all.
Feng Yu didn't pay any attention to these. Anyway, he told those shareholders that now is the best time. Before the end of this year, the layout must be completed, at least the site selection must be completed, and next year he can take the opportunity to carry out business in a big way, so as to let the public voice Banks established themselves in the United States and grew rapidly.
Some people think that opening multiple business outlets at the same time is risky. Although the financial market in the United States is not very good, it is also a good opportunity to enter.
But it would be better to test the waters and open a few business outlets first, and then expand next year. Feng Yu thought about it and realized there was nothing wrong with it. He has strong funds, so he can open multiple business outlets together. Other shareholders cannot. Testing the waters now is also a choice to strengthen the confidence of others.
In fact, the year before last, Minsheng Bank had already opened its first overseas branch in New York. At that time, Feng Yu's business was mainly carried out, and naturally it also included other companies such as the Beverage Alliance.
That is, sales receivables in the United States are handled through Minsheng Bank, instead of continuing to be processed through China's state-owned banks or Citibank.
Now Minsheng Bank is developing quite well. With Feng Yu's help, it is at least stable in the United States. It has not lost money, but it has not made much money.
After all, there are too few business outlets, so there will be more people coming to handle business. Financial derivatives transactions between other banks were also rejected by Feng Yu.
Those may seem very profitable, but in fact the risks are very high. High profits naturally come with high risks.
Everyone believed in Feng Yu's decision out of their trust in Feng Yu. Now it seems that Feng Yu's decision was right, otherwise Minsheng Bank would definitely be in trouble now.
The main business currently carried out by Minsheng Bank is inter-bank lending.
That is, short-term borrowing between banks, or between other financial institutions and banks.
This kind of loan can be borrowed for one day, three days, one week, one month, three months, etc., mainly to adjust positions and temporary fund shortages.
As we all know, a bank or financial institution generally does not have much cash reserves. Twenty percent of the total savings in cash is extremely high, and generally ten percent may not be used.
So what should I do if there is insufficient funds when someone wants to withdraw a large amount of cash or make a large payment? At this time, interbank lending is required.
First borrow money from peers for emergencies, and then sell some products, or raise enough cash to repay by absorbing savings and other means.
In this way, more funds can be invested and continuous profits can be made. The bank itself is an institution that uses other people's money to invest and make profits. Of course, it can invest as much as it can to ensure the maximum profit.
Today, the New York branch of Minsheng Bank received a short-term loan from a bank. This matter was quickly reported to Feng Yu.
Feng Yu took a look and wondered why it was this bank
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