It’s too late, but there’s no rush!
In New York in November 1861, on Wall Street, it seemed that this sentence was spread by everyone in the stock market.
Someone's buying Atlantic Telegraph stock!
That’s a junk stock among junk stocks!
It’s not even a penny a share!
God can testify that it reached a sky-high price of two dollars back then!
But now...it's garbage!
If it weren't for the fact that it has exclusive licenses from the British and American governments, it would have been suspended and delisted long ago.
"Sell it quickly, don't hesitate..."
Anyone who held Atlantic Telegraph Company stock would not hesitate to sell it. Even stockholders as far away as London immediately mailed their stocks to New York for sale after learning the news.
God bless!
We must prevent that old South American guy from discovering that these stocks are garbage!
"They bought almost every stock on the market!"
Ketchum smiled at Morgan.
"Now its price has reached 1.5 cents. If you sell it now, you can reduce your loss by at least US$2,000..."
"Hey, two thousand dollars..."
Morgan's face turned a little ugly.
"I spent $50,000 at that time, and I invested a lot more this time...but in the end? I couldn't even sell it for $5,000."
Although a little helpless, Morgan still said.
"Sell it while they are willing to buy it."
Finally, after clearing the stock, Morgan felt a little more relaxed. Although the stocks worth hundreds of thousands of dollars were sold for only a few thousand dollars in the end, at least he still recovered some losses.
Otherwise, all these stocks will be lost.
…
Standing in front of the hotel, Cyrus Westfield even took a look at his clothes. Fortunately, they were quite neat.
Since the Atlantic cable broke and sank into the Atlantic Ocean, and the company was on the verge of bankruptcy, he has been entangled in lawsuits. Faced with claims from creditors, he is almost on the verge of bankruptcy.
Because of this, when someone wants to acquire the company stocks he holds, when accepting the other party's bid, he makes another request - he needs to meet with the acquirer.
In the hotel cafe, after a few simple polite remarks, Field directly entered the topic.
"Mr. Buffett, I heard that you have bought all the stocks available in the market?"
"It is a notorious company to the world and its stock is worthless except for the so-called Atlantic Cable construction rights."
"Yes, it has charters from the British and American governments."
Field nodded and said.
Of course, he didn't know that a few years later, when he regrouped and gathered investors to build another Atlantic cable, he spent a full three hundred thousand pounds to buy it from the company he once held.
this right.
"If it's notorious, why did you acquire it?"
Field asked curiously.
"Investment always requires risk. I think maybe we can try again. What do you think? Mr. Field?"
"You mean... you're going to reconnect that cable!"
Field said in surprise.
"Sir, is this true? Are you really going to reconnect that cable?"
The reason why he was so excited was that the cable was directly related to his reputation.
In 1858, after the Atlantic Cable was completed, when New York received a telegram from the Queen of England, the entire United States cheered, and he became a hero around the world. But soon, the Atlantic Ocean, which carried honor and wealth, cheered.
Cable has become a joke - its signal is getting weaker and weaker.
To this end, the "Inquiry Committee" composed of seven scientists established in the United Kingdom later concluded that the huge impedance of the 3,200-kilometer submarine cable in Morse code transmission caused serious attenuation and delay of the signal, so the chief electronics expert Whis
Tong decided to increase the voltage to more than 2,000 volts. As a result, the high voltage not only penetrated the cable insulation, but also burned the cable.
After the Atlantic cable broke, it sank into the ocean.
Field became the target of thousands of people, and the wave of cheers struck back at the innocent Field with the same intensity. Field was a liar, and he fabricated the Queen's telegram. Everything was done by him to gain fame, and his team belonged to him.
The submarine cable that Tol...Field worked so hard to lay became scrap metal again, and his reputation was ruined. The project was also forced to be shelved. Even now, the reason why he is on the verge of bankruptcy is because of that cable.
"You can at least give it a try. What if you succeed?"
When he said this, Buffett felt mixed emotions.
God can testify that I definitely didn’t want to give it a try. Is there anyone who would try it like this? It would cost hundreds of thousands of dollars, no, maybe hundreds of thousands of dollars!
After all, the cables still have to be reconnected.
God can testify that this money must be just floating around, or really floating around. In fact, in the past few days, when faced with the acquired Atlantic Telegraph stock, Buffett seemed to have seen what he was doing.
Throw gold coins into the Atlantic Ocean and float away.
This feeling is so exciting!
If it weren't for his unconditional trust in Steven, I'm afraid he would have gone back to Nanhua long ago.
"Sir, if I guess correctly, you are definitely not willing to acquire this company!"
From the change in Buffett's expression, Field guessed the truth.
"Can I meet with your employer?"
"Mr. Buffett, you should know that in the United States and the United Kingdom, everyone thinks that I am a liar. It is not just the Atlantic Telegraph Company that is notorious, but also myself!"
Phil looked a little excited.
"So when I heard that someone wanted to believe me, I wanted to meet him."
Facing Field's pleading eyes, Buffett said.
"But, he is not in the United States!"
"But you will meet, Mr. Field. He has said that there is no one better qualified to be manager of the Atlantic Telegraph Company than you. Will you accept the offer?"
What?
Field's eyes widened in surprise. Field's eyes were full of doubts. He was a "notorious" guy.
"Sir, don't worry about my reputation. You know, the whole world thinks I am a liar."
"He wants me to tell you - when the cables come back on, when the telegrams go out again, that's when you'll save your reputation, Mr. Field!"
Faced with this job, Field, who has long been desperate, will refuse it. Perhaps, he is not bankrupt yet, but is still involved in lawsuits. This job can at least give him a chance to restore his reputation.
"Sir, if you are not worried that I will have a bad influence on the company, then what do I have to worry about?"
"Very good. Now, there is only one question left. How long will it take for you to salvage the cable and reconnect it!"
God can testify that when he said something against his will, Buffett was struggling in his heart. After all, this issue involves real money!
"I need a boat, a hundred thousand dollars, and two months, sir!"
After thinking about it, Field said.
"If everything goes well, maybe the cable can be reconnected in about a month, but you have to understand that even if the cable is connected, its signal problem cannot be solved for the time being."
Just when Field showed a helpless expression, Buffett said.
"This is not something you have to consider. The most important thing now is to reconnect the cable! Money is not an issue!"
Money is definitely an issue!
Is it really exciting to throw so much money into the water and float it?
Facts have proved that it is really exciting. After sending a telegram to Zhu Xianhai full of complaints, Buffett lost sleep. When he arrived, he was standing on the beach and throwing US dollar gold coins into the sea.
Using gold coins to float water... It hurts!
Especially when he wrote a check to Fieldley, the pain in his heart was indescribable...
This chapter has been completed!