According to the trend of Nasdaq in the next few years, Eric's stock investment in the past two years can be cashed out at the right time, and at least five times the return can be obtained.
After buying US$2 billion in Nasdaq IT stocks last year, Eric plans to invest another US$4 billion in buying this year and next year when the Nasdaq index is below 2000 points, and make a profit in Nasdaq After the gram index reached 3000 points, it began to cash out one after another.
Compared with this plan, the foreign exchange speculation of the economic crisis in Southeast Asia may only obtain less than twice the income for more than half a year, which is not so cost-effective. If too much money is put on this matter, it will not It will definitely delay the last chance to buy IT stocks at the right price.
At the same time, Eric doesn't want to make too much noise and be targeted by Southeast Asian countries. Whether it is Firefly Group or Firefly Investment, they will all develop their business locally in the future. So, he took out 300 million US dollars this time, just to join in the fun and earn pocket money or something. The girl has wanted to buy a Boeing 777 for a long time.
Chris also knew the situation on Eric's side, and didn't think $300 million was too little.
However, after observing this period of time, Chris took the Southeast Asian economic crisis as an opportunity and said: "I mortgaged part of my equity in the company and borrowed 300 million US dollars from Chase Bank. Emily, they The family is also willing to spend 100 million U.S. dollars, and everyone adds up to 700 million U.S. dollars."
"700 million U.S. dollars, this figure is quite a coincidence," Eric said with a smile. The 3% stake in Firefly Investment held by Chris is worth more than 1 billion U.S. dollars according to the current asset size of Firefly Investment. Mortgage shares Chris also mentioned it to Eric on the phone in advance, and Eric didn't feel that there was anything wrong. Even if Chris lost all the 300 million US dollars, the loss of 1% of the equity would not be harmful to Firefly. What is the substantive impact of the group. What's more, this time is definitely just a game of earning more and earning less.
As for the coincidence, that's because Eric's bet on the oil futures of the Kuwait war was also about 700 million US dollars.
Chris immediately remembered the past. At that time, he and his father thought Eric was crazy, but the final result was enough to make people crazy.
With a smile, Chris said: "We will definitely not be able to obtain such crazy returns this time. According to the information I have now, after this tentative attack, it will take three months for the international hot money to establish a short position. Around July. For three months, everyone is scrambling to build positions. Affected by competitive factors, position leverage will only get lower and lower. It’s good that we can finally double the profit.”
Although Chris has only been busy with industrial investment in recent years, from this short passage, Eric can judge that Chris has obviously not lost his professional standards as a top financial student. In my memory, the Asian financial crisis officially broke out on a large scale in July.
"It doesn't really matter how much profit this money can earn back, I still value the impact on the federal economy more," Eric continued: "Once the emerging Asian economies are completely destroyed like the Latin American countries in the 1970s and 1980s , The European economy has not yet recovered, and a large amount of hot money can only flow to the North American market. It is conceivable that by then, the North American stock market will experience another super bull market.”
Chris nodded, thought for a while and said: "Eric, although I know you have a detailed plan in mind, I still want to remind you not to hesitate when it's time to cash out. In my opinion, the Nasdaq market There is already a bubble trend, just like Microsoft. Its annual net profit last year was only 2.1 billion US dollars, but its current market value has risen to 120 billion. This is too overestimated. There is no limit on the North American stock market. If you let go It’s too late, and the investment of 6 billion US dollars may only take one day to turn from a huge profit to a huge loss.”
"In my opinion, Microsoft's stock price is far from reaching the limit," Eric said, and solemnly said: "But don't worry, Chris, you know that I am not the kind of person who will be lost by greed. "
"Yeah," Chris nodded, and suddenly smiled again: "Speaking of which, I attended a house party hosted by Steve Forbes last week and got some data from him on this year's Forbes rich list. How much money do you have?"
"Forbes" magazine usually announces the new year's rich list in March. Eric also subscribes to this magazine. He remembers that the release time of this issue should be next Monday. However, before that, the major financial media There have been a lot of discussion topics around the Forbes Rich List, and even if Eric didn't pay special attention, he could still get some news.
Seeing that Chris was showing off in a rare way, Eric smiled and said, "I'm curious, what is Forbes' evaluation of your net worth?"
"1.1 billion dollars is far from being comparable to yours."
Chris shrugged his shoulders, but he was already very satisfied. From being an ordinary analyst at Morgan Stanley to now, he has accumulated a net worth of more than 1 billion U.S. dollars in more than six years. He is definitely the fund manager with the highest salary in North America. people. There are many large family investment funds similar to Firefly Investment in North America. Although the managers of these funds have high annual salaries, very few of them can get equity. Moreover, Chris also knows that although Eric seldom takes care of Firefly Investment, he will always be the key to Firefly Investment's development to its present scale, and he is just an executor. Without Eric's keen eyesight to pick Cisco, AOL, Nokia and other companies, and to lead the establishment of Yahoo Networks, it would be impossible for Firefly Investment to develop so rapidly.
Thinking of this, Chris picked up the coffee in front of him, took a few sips, and said, "Forget it, you should read "Forbes" magazine by yourself next week, I should go back."
Today is Thursday, a working day, and Chris actually flew over from San Francisco. Neither of them is a leisurely person, and Eric didn't want to stay. He was about to get up to send Chris away, but he didn't move. Instead, he took out an envelope from his handbag and handed it over.
"What is this?" Eric asked curiously. Seeing that the envelope was not sealed, he opened it casually and found an invitation card inside, a wedding invitation card. After a glance, Eric raised his head with a smile: " You and Emily are finally planning to get married?"
"Well," Chris felt a little inexplicable embarrassment on his slightly smiling face, stretched out his hand and gestured randomly, and said, "My father and Emily's parents have been urging me for a long time, the most important thing is... Emily , I have been pregnant for more than a month now."
"Wow, congratulations, you are going to be a father." Eric looked at the invitation again, and said, "May 20th, um, it's a good day, where are you going to hold the wedding?"
"Maryland, Dad's farm," Chris said, with a hint of complaint, "You should know Emily's temperament. After she found out she was pregnant, she has been angry with me this month, saying I delayed her work. However, now we can't find a reason to delay it any longer, and neither my father nor her parents will agree."
"It's just a pre-marital phobia, and it will be fine after a while," Eric put away the invitation, and asked again: "How is the preparation for the wedding, and, who have you invited?"
Chris said: "My dad and her parents are in charge of this matter, you know, they are all retired, so there is plenty of time. As for the guests, you are the first to receive the invitations. We have not yet confirmed the specific guest list .”
Eric thought for a while and said, "If you don't object, how about this, take this opportunity and call everyone over for a gathering."
Chris wondered, "Everyone?"
"John Chambers at Cisco, Steve Case at AOL, Jorma Ollila at Nokia, Ian Grenier at Yahoo, and Firefly, Katzenberg, Frank, Robert..." Eric made a list, and said: "Usually, everyone doesn't have this kind of opportunity to get together. Your wedding happens to be an opportunity, just like last year's Yahoo Alliance Conference. , everyone should get together once or twice a year."
"But, wouldn't that be a bit too ostentatious?"
Chris was a little hesitant. According to Eric's idea, this should be regarded as a big gathering of the top executives of the Firefly system. This gathering is definitely more eye-catching than the simple meeting at the Yahoo annual meeting last year.
As an enterprise group that has risen suddenly in the past ten years and has a pivotal position in the industry involved, the gathering of the management of all the subsidiaries of the Firefly System will definitely attract intense media attention.
Eric joked: "This is marriage. I think for you, this is the only time in your life. It must be as lively as possible. Well, of course, you can go back and discuss it with Emily first. Think If you want to invite any Hollywood stars to join you, just tell me, and I will help you invite them."
"Then, well, I'll talk to Emily tonight, but the star is fine," Chris did not refuse, packed his briefcase, stood up, and said: "By the way, Joan and the others, we I won’t send invitations with Emily, you can just take them to Maryland when the time comes, of course, if you want to bring a few more, I have no objection.”
"Don't worry, I won't give you a chance to watch the excitement," Eric said with a smile and punched Chris on the shoulder.
The two talked and laughed, and walked out of the villa side by side.
After sending Chris to Santa Monica Airport, Eric went to Firefly Studios again. After a closed trial screening of "Casino Royale", he found some details that needed to be adjusted. He has been busy with this matter recently.
He was busy until seven o'clock before Eric got off work, but there was an extra girl in the car, Christina Aguilera.
There are several endings involving Christina in the film that need to be adjusted, and in the afternoon the girl assists with dubbing in the post center of the studio. After Venice, the two haven't found many chances to get along with each other. Christina hinted a few times, and waited patiently until Eric hadn't left after get off work. .
After having dinner at a restaurant in Malibu, it was past eight o'clock when the two arrived home.
The delicate little girl spared no effort to tease Eric. The two were entangled on the big bed in the bedroom, but Eric's cell phone rang unexpectedly.
Eric let go of Christina in his arms, picked up the mobile phone on the bedside table and took a look, it was Chris who called.
After answering the phone, Eric put on a pajamas and walked out.
Eric doesn't deliberately guard against the women around him. What he does is not to give them some opportunities to make mistakes, which is good for everyone. It was early morning in New York time, and Chris called at this time, maybe it was something important, and Eric didn't intend to let Christina hear it.
Leaving the bedroom, Eric pushed aside a small living room upstairs, walked all the way to the balcony, and leaned on the railing to talk to Chris.
Chris didn't have any important matters. He just talked about Eric's invitation to the management of the Firefly system to attend his wedding in the afternoon, and Emily agreed.
Eric chatted with Chris for a few words, and finally the microphone on the opposite side was simply transferred to Emily's hands. Everyone talked about some details. Eric hung up the phone, feeling a little bit dumbfounded, and at the same time sympathized with Chris a little Well, Chris has been flying a lot around the east and west coasts in recent days, and he hasn't rested yet at such a late hour. It seems that Emily has been tossing him a lot during this time.
A woman who is pregnant by accident and suffers from premarital phobia, and her personality is too strong, tsk tsk, that scene is scary even thinking about it.
After hanging up the phone, Eric went back to the bedroom, put the phone back on the bedside table, and looked at the big bed.
Christina's small body sank limply in the big bed, her face was flushed, her eyes were glassy, she looked like a spoiled doll. Even though he knew that this girl was just pretending, Eric was still aroused, so he stretched out his hand and squeezed it with a little more force.
With a soft cry, Christina's small body immediately curled up into a shrimp, but she held Eric's big hand tightly in her arms, and the water in her eyes became more heavy.
Reaching out to pick up the girl, Eric lay on the bed and said with a smile, "Hey, sit up and move by yourself."
…
Maybe it was too crazy to play last night, but Eric was woken up by Christina.
The curtains around the bedroom were automatically opened, and the bright sunshine surged in, making Eric cover his eyes.
Christina held a newspaper in her hand, half lying next to Eric, with a little excitement in her tone: "Eric, the box office of "Titanic" is out in the latest week, with a weekly box office of 22 million and a total box office of 4 69 million US dollars, broke the "Star Wars" record, take a look." (To be continued.)