Human nature is to seek advantages and avoid disadvantages, to be selfish, lazy, and to follow the herd. This is absolutely true.
But all this can only be explained as animal instinct.
After all, the definition of human beings is advanced animals, and these things can only reflect the biological basis of human beings.
The light in human nature frees people from the shackles of animal nature and can reflect the difference between humans and animals. Those things that can be called "advanced attributes" all require restraint and violation of these animal natures in order to be achieved and realized.
And among humans, individuals who can often do this are the best in the human group.
These people are like having a genetic lock unlocked, and their ideas and ways of thinking are absolutely different from ordinary people.
That's what happened to Ning Weimin.
When he was in a dilemma, he suddenly felt a familiar feeling.
Thinking of the time when Yin Yue got into trouble and was in danger, facing the disaster of prison, he himself was worried about gains and losses.
Ever since, the voice that made him suddenly enlightened at that time also sounded, and Kang Shude's tips and teachings are still in his ears.
"Zhuangzi said that those who are clever use their wisdom and worry, while those who are incompetent have nothing to ask for and are full of food and wander..."
"If you really want to do big things, it's not enough to have the ability to do things. You must not only do the work but also be able to take on the responsibility..."
"If people are faced with a dilemma, the easiest choice to make is often the wrong one..."
This voice, every sentence, seemed to be speaking to his heart.
Especially looking at the master's face, which was already over sixty years old, Ning Weimin felt as if the person in front of him had become his master.
At this moment, the master seemed to have noticed his hesitation and difficulty, and said very considerately, "Of course, this matter has nothing to do with you, and I understand that the risk is not small, and it is indeed possible to lose money. This one
It's just my personal thoughts and wishes, so I still say that, you can refuse my request. My friend, you don't have to worry about anything. Even if you say 'no', it will not change the relationship between us.
relationship, I promise..."
People's true feelings are powerfully contagious.
Ever since, faced with the master's tolerance, Ning Weimin could no longer say the word "no" from his mouth.
"No, no, I'm happy to help you. I'll join. As I said just now, as long as you ask, I will do my best."
He even felt that he could not face the master's gentle eyes, so he quickly pretended to lower his head in deep thought to avoid the master's sight.
"Oh? Really?" The master showed a stunned expression, still a little unbelievable, "My friend, you have to think clearly."
Deeply shaken, Ning Weimin tried to cover up his withdrawal and guilty conscience, so he spoke seriously.
"Don't get me wrong, I'm really surprised that you have such a deep emotional connection with the Vuitton family, that you are willing to take such financial risks for this friend. But my hesitation just now was not because I was worried about risks or fear of taking financial risks.
I just feel that if we go head-to-head now, the timing is not good for us. We are passive and are really at a disadvantage. So do we not have a better way to solve this problem? In other words, is it possible for us?
To get what we want at a lower cost and in a different way..."
What he said is reasonable.
The master was finally relieved, stunned for a moment, and then nodded to him, showing a trusting smile.
"Oh, did you think of something? You can tell me then. I know that your ideas are different. You will always inspire and surprise me..."
"I……"
Seeing that the master expected so much from him, Ning Weimin immediately fell into the embarrassment of being trapped in a cocoon. He couldn't help but feel a little short of words for a while.
Heaven, earth, he just said it casually.
Why did the master misunderstand it?
How come you have so much confidence in him!
He really wanted to give himself a slap in the face to stop his mouth from being so sloppy in the future.
But as the saying goes, great ideas are often forced.
Perhaps this is the point of saying things in a hurry.
In this case, it would be really embarrassing if you didn't say something like one, two, three, or four.
Or maybe Ning Weimin is really talented and smart, and he is quite quick-witted.
Anyway, in this critical situation, he seemed to be possessed by Brother Yixiu, and he actually suppressed an idea with lightning speed to steal the jingle bell.
"Mr. Caton," Ning Weimin coughed, smoothed his throat, and suddenly asked, "I'm not familiar with the Paris Stock Exchange. I don't know which is the largest securities firm here. What I want to know is here.
How many tricks are there in playing stocks? Which of the securities firms here has margin trading business?"
"Huh? Do you mean to borrow money from a brokerage to buy stocks?"
Picardon pondered for a moment, and his subsequent answer was somewhat uninteresting.
"We have also thought about the method you mentioned. France's BNP Paribas Securities and CLSA have these services. JPMorgan Chase in the United States and Barclays Securities in the United Kingdom can also provide these services. However, due to the economic downturn in France, the stock market has not been stable over the years.
The economy has been in recession, and the amount of financing provided by these securities companies is not high. The maximum is only 30% of the stock market value. The interest is not low, charging 14%. What's more, from another perspective, if we take this
If there is a way, of course the other party can do it too. Doing so will only make our costs higher and will not help the problem at all."
However, he did not expect that instead of being discouraged, Ning Weimin actually had a proud smile on his lips.
Moreover, Pierre Cardin is right when he says that Ning Weimin's thinking is different from others.
"No, Mr. Catton, actually I don't want to raise money, I want to lend securities. Do you know which securities firm has LVMH shares? As long as these securities firms are willing to provide us with securities lending services for this stock.
"
"Security lending? You still want to sell LVMH shares!"
"Yes. Why not? The current LVMH stock price has been raised. If we continue to buy together, if the other party competes with us for chips, of course it will rise even higher. Then LVMH's stock will be affected by this war.
, seriously deviating from the fundamentals. In this case, it is correct to sell the stock. Sooner or later the stock price will return to normal, and we will definitely make a profit. Why don’t we sell?”
"But...but...what about the veto power?"
"We are still proceeding according to your plan. Just use the 500 million U.S. dollars we pooled together to buy it!"
It's okay if you don't say it. After Ning Weimin said these words, Master Pierkaton was really confused by him.
"Then...then do you want to buy or sell? I...why can't I understand your plan?"
"Haha! Of course we buy first and then sell."
"this……"
Seeing Pierre Cardon put down his coffee cup and wiped the sweat from his forehead with a handkerchief, Ning Weimin laughed again.
"Mr. Caton, don't worry, let me explain it to you slowly. In fact, this is not a contradiction."
As he said this, he simply took the paper and pen and continued to explain while drawing a schematic diagram.
"Please see, we first used the funds to buy 4% of the stock to help your friend Henry get a veto power to ensure that his key interests in LVMH are not infringed and that he can remain on the board of directors. These
Stock shares are very important and are our fundamentals. Of course, if we buy them, we will not sell them. No matter how much we pay to buy them."
??????55.??????
Picardon nodded.
Although he was still confused in general, at least up to this point, he understood and approved.
"But other shares are more maneuverable. For example, if we use securities lending to short-sell this stock, it is because these stocks are not worth so much money in the first place. I want to use this almost risk-free method to short-sell this stock."
This is a way to make money and arbitrage, so as to make up for the capital losses caused by our high-priced orders. In fact, this kind of transaction is a hedging transaction, and the purpose is to reduce risks and offset the extra capital losses while ensuring our equity interests.
To put it bluntly, it is just that we resold the LVMH held by brokers, which has nothing to do with the LVMH stocks we hold."
Don't tell me, a master is a master. Even though he is old, his mind is still very bright.
Although I was stunned for a while, I quickly rounded the corner just like I had solved a word problem correctly.
The old French man's mental state also became excited.
"What you mean is that as long as we buy and sell at the same time, it means that we are not actually affected by the rise in stock prices. In the end, we bought the stock at the cost of only the commission paid to the brokerage and the interest on the securities loan."
"Yes, you are absolutely right. That's what I mean. Of course, for safety reasons, we can spread out several accounts, or use other people's accounts for different buying and selling transactions. Buying transactions can be fair, but selling
Our securities lending transactions must be carefully hidden, so that our true plan will not be noticed by our opponents."
"Okay, great." The master was so happy that he couldn't help but hugged Ning Weimin excitedly, "My friend, I will never forget what you have done. I will call Henry now.
, I want you to meet."
However, the master's cheerfulness only lasted a few minutes. When he went to make a call, he soon noticed some shortcomings.
"No, wait, wait..."
He stopped what he was doing, thought about it seriously, put down the phone and walked back again.
"Ning, there seems to be a key problem in your plan that is difficult to solve. I mean, if your idea can work, there is a prerequisite. You must ensure that LVMH's stock falls back quickly at the point where we sold it.
But how can we guarantee this? I mean, what if they continue to spend money to buy MH? What if LVMH’s stock keeps being pushed up by them, or attracts others to fish in troubled waters to raise funds, and it remains at the same level.
What should we do in high positions? Have you ever thought that if this happens, our losses will be doubled..."
For a moment, Pierkaton seemed to have seen the most terrifying situation. His face immediately turned ugly, as if he was frightened by his own words.
However, it was still different from what he thought. Ning Weimin remained calm and said with utmost determination.
"No, please believe me, the thing you are worried about will not happen. It will definitely not happen."
"But where does your confidence come from? How can you guarantee it 100%?"
However, from Pierkaton's point of view, it is impossible for Ning Weimin to find a convincing basis.
If the basis of his insistence is only subjective emotions, it is of course dangerous.
"Perhaps I worded it incorrectly, so let me put it in another way. I wonder if it can enhance your confidence."
Ning Weimin understood the change in the master's expression and realized that his wording might be a bit absolute.
So I stopped being stubborn and simply changed my approach to reassure the master again.
"Okay, I admit that the situation you mentioned may happen. But even if it happens, it will have no impact on us. Again, because we are doing hedging transactions, not gambling. We
The number of stocks sold by short selling must be what we have in hand. As long as we maintain this ratio, no matter what extreme situation occurs, we can handle it and there won't be any big problems."
"What is the worst result? Even if the stocks we sell rise to the sky and are several times higher than the purchase price, don't we still have enough stocks in our hands? How can we be completely injured?"
Retreat. At worst, we will lose tens of millions of dollars every year and hand it over to the brokerage. With the income of Pierre Cardin Company and the income of my personal assets, we can persist for a few years without any problem."
"But think about it, how difficult is it for LVMH's stock to have this kind of trend? You also said that the French economy is not good and the stock market is sluggish. Even the internal strife in the company is no longer a secret, attracting many fishermen in troubled waters.
People are making trouble. But the stock price is at a high level that deviates from the fundamentals, but it requires a huge amount of funds to support it. How long can it stay there?"
"Even Bernard Arnault and the Lazard investment bank behind him don't have this ability. Their funds also have to bear financing costs. And their purpose is of course to obtain control of the company at the minimum cost. Can they not?
They won’t pay for the money they spend, and they won’t do business that makes them lose money.”
"What's more, our allies here are also members of the LVMH board of directors. If they get a veto power, they can't dominate the company's management, but they can always make trouble, right? There is a kind of person in Japan called 'professional shareholders' who rely on buying enough
They then use their veto power to prevent the company from operating normally in order to extort profits from the company. Once such news comes out, can LVMH’s stock price remain high?”
"Also, the reason why I will allocate Japanese speculative funds overseas is because the rise of Japanese stocks has been too exaggerated, which makes me strongly feel the danger. Perhaps the overall situation of the French stock market is not bad and has not been exaggerated.
But the problem is that the communication conditions in various countries have also been greatly improved. The world's major stock markets are increasingly influencing each other. Whether it is the Tokyo stock market or the U.S. stock market, as long as something goes wrong, I am sure that it is
The avalanche is coming. What will happen to LVMH then?"
Ning Weimin's explanation was not in vain, and his inference shocked Pierre Cardon.
He thought about it carefully and was successfully convinced.
Although probability is invisible and intangible, it does conform to the objective existence of logical thinking.
He did understand two things now. Ning Weimin was a genius, and he also took this matter seriously.
But it's not over yet.
Just when Pierkaton didn't know what to say and wanted to hug Ning Weimin again, Ning Weimin actually said again.
"To be honest, in my opinion, the probability of this happening is getting higher and higher. I predict that it will definitely happen in half a year to a year. So in my opinion, this is even an opportunity for us to turn defeat into victory in one fell swoop. Time
It is beneficial to us. We should keep hoarding funds, delay and paralyze our opponents, and wait until there is a major change in the market to buy up all the LVMH shares. Then one will trade off the other, and we will turn defeat into victory. By then, your friends will
Take back his company. Of course, this is my personal opinion. Whether you want to do this or not depends on you. Can you really trust me unconditionally?"
This time, the ball was passed back to Pierre Cardon's feet.
