Buffett happily shared with Yang Chen the interesting things he encountered during his trip to Hangzhou, and most of them had something to do with Brother Malaysia.
After chatting about the interesting things about this trip to Hangzhou, Buffett said with a smile: "As for the investment issue of Chenjun Medical Group, our team decided not to invest for the time being after careful review. It's not that we are not optimistic about Chenjun Medical Group.
It's just that we need more data to prove it. Mr. Yang also knows that I am a long-term investment, and I must be sure that I can make money before I invest."
Yang Chen: "Haha... It doesn't matter. You don't have to force this. However, I have to say it first. If you miss this opportunity, you may not have the chance to invest in Chenjun Medical Group in the future."
Buffett: "Understood! If we really miss this opportunity, it will be our own fault and Mr. Yang's fault."
Yang Chen nodded and said: "I have a better investment opportunity now. I wonder if Mr. Buffett is interested?"
Buffett: "What opportunity? Please tell Mr. Yang in detail."
Yang Chen: "My investment team's research found that the crude oil market will plummet, and I want to harvest oil companies in the Middle East. I wonder if Mr. Buffett is interested in doing it together?"
Buffett was immediately stunned because his team had recently bought 8 million shares of Occidental Petroleum, bringing the total shareholding ratio to 23%.
The reason why they bought so much equity in Occidental Petroleum is because the team's research shows that oil prices will be very strong in the coming period, with a high probability that they will rise to a certain height and then trade sideways, without falling.
Especially as the global economy begins to recover and the demand for oil in various countries is rising, it is foreseeable that oil prices will remain high for some time in the future.
However, Yang Chen's investment team actually came up with the opposite result. They believed that oil prices would plummet, which made Buffett feel incredible.
Xingchen Investment has almost never made a mistake, so the results researched by their investment team will most likely not be wrong.
But Berkshire's investment team rarely makes mistakes, and Buffett personally participated in the research, so he is confident that their research results cannot be wrong.
Of two completely opposite results, one of them must be wrong. Whose result is wrong?
Buffett asked with a smile: "Mr. Yang, what is the basis for your conclusion that oil prices have fallen?"
Although Yang Chen didn't know how the system caused the oil price to drop, there were only a few reasons for the drop in oil prices.
Therefore, Yang Chen replied: "On the surface, it seems that the global economy is recovering, but the real situation is that the global economy is in recession. The United States has serious inflation, which has led to inflation all over the world. People are afraid to consume goods, and a large number of factories have shut down or reduced production.
. There are piles of empty containers at the port. The world situation is unstable. Tourism and other industries are still sluggish. Industrial production, land transportation, aviation, and navigation are all reducing the demand for oil. Major oil-producing countries are desperately increasing production, and the market
There is an obvious oversupply of oil. The impact of these problems on oil prices will soon explode, and we will definitely make a lot of money by shorting oil in advance."
Buffett finally heard it, and Yang Chen's view was exactly the opposite of his.
Buffett believes that the economy is recovering, while Yang Chen believes that the economy is in recession.
That's why they came to two completely opposite research results.
Buffett said with a smile: "To be honest, we hold opposite views to Mr. Yang. We believe that the world economy is in the recovery stage and global demand for oil is increasing. The inflation problem you mentioned does exist, but the Federal Reserve has already
Eight interest rate hikes have dealt with inflation, and this problem will soon be alleviated. So, I’m sorry, but I may not be able to short oil with you.”
After all, it is an investment that involves investing real money. Buffett is not willing, and Yang Chen cannot force him.
"Okay! Then we will find opportunities to cooperate in the future. I won't disturb your rest. Goodbye." Yang Chen said with a smile, and then stood up and left.
After walking out of the hotel, Yang Chen immediately gave instructions to the system, using the opportunity to suppress a specific industry.
Yang Chen: "Use this opportunity in the oil industry."
System: "After receiving the master's instruction, use it immediately. This process will take about three days. Please be patient and wait for the effect to come out. The master can short crude oil futures now, wait for the crude oil price to close the position when the crude oil price plummets, and then use the money earned.
Buy the dips and make money from oil and gas companies.”
If this operation is done well, it is not impossible for Yang Chen to earn trillions of gold. Of course, the premise is that he has enough principal.
Yang Chen came to his car and called Jin Ming.
Yang Chen: "Jin Ming, immediately use all available funds to short crude oil futures or related stocks. If you can increase leverage, increase leverage to the highest multiple. In addition, focus on shorting Jinbai Oil and Gas Company and try to suppress the company's stock price.
.Be sure to grasp the timing of closing positions and prepare enough money to buy oil and gas companies at the lowest price. The more you buy, the better.”
When Jin Ming heard Yang Chen's order, his reaction was the same as Buffett's.
Now that the global economy is recovering, even if oil prices cannot rise, they will definitely not fall.
What does shorting crude oil mean at this time?
Jin Ming: “Are we going to suppress the drop in oil prices this time?”
Yang Chen: "Yes! Stud is suppressing the drop in oil prices, and is trying to take control of Jinbai Oil and Gas Company."
Jin Ming: "Okay. I'll do it right away."
Jin Ming is a smart man and should listen to what the boss says.
And she also has experience. Many times Yang Chen gave orders that were contrary to the mainstream opinion, but the final result proved that he was right.
Yang Chen once again held a view that was contrary to the mainstream view this time. Although Jin Ming was very confused, he didn't say much and just did as he said.
After assigning the task, Yang Chen took a deep breath and drove off in a sports car to solicit customers.
In the room, Buffett became increasingly uneasy as he thought about it.
He still felt that it was impossible for Yang Chen to make a mistake just this time.
Therefore, he quickly asked his assistant to convene the investment team for a video conference to re-discuss the prospects of the oil market.
Buffett: "Yang Chen, the boss of Xingchen Investment, just told me that oil prices will plummet and asked me to join him in shorting oil. But the result of our research a while ago is that oil prices will rise sharply, so we bought Occidental Petroleum several times.
The shareholding ratio of stocks is now as high as 23%. I believe that everyone’s research results will definitely be correct. But Star Investment has never failed, and they have come to the opposite conclusion to us. For the sake of caution, and also for the sake of Berkshire
All shareholders are responsible. I think we should have a serious discussion to see if any key points were missed, which led to the opposite result from Xingchen Investment."
After listening to Buffett's words, everyone immediately said that they could not make a mistake. Star Investment must have made a mistake this time.
Buffett reminds everyone not to draw conclusions casually, but to make evaluations after careful discussion.
When the boss spoke, everyone could only do what he said.
After a three-hour discussion, they finally insisted that the previous research results were correct.
Buffett had no choice but to nod and accept the result.
Seeing that Buffett seemed a little uneasy, the team members offered words of comfort.
"Chairman, don't worry so much. The results that so many of us have studied for several months cannot be wrong."
"I admit that Xingchen Investment's previous record was indeed very good, but this does not mean that they have always been right. According to probability, they should have made a mistake once, right?"
"That's right! There is no victorious general in this world, and it's time for Star Investment to fail once."
"In any case, we just need to make sure that our research results are correct. We don't care whether other people's research results are the same as ours. If everyone's research results are the same as ours, then we will not only make money. Over the years,
Which other company can achieve a 30-fold return in ten years like our Berkshire Hathaway?"
…
Buffett thinks what everyone is saying makes sense. In investing, a few people make money and most people lose money.
If other people's research results were the same as theirs, it would be impossible for Berkshire to achieve such a high rate of return.
But he didn't want to think about whether they would be part of the majority this time, and Yang Chen would be part of the minority?
So Buffett said with a smile: "Everyone is right, I believe our research results will not be wrong. Let us wait and see how much loss Xingchen Investment will suffer this time."
"Haha..." Everyone laughed happily.
They think so, then this time Yang Chen will teach the legendary Mr. Buffett in the investment world a lesson.
Tomorrow Maya will go to work at Haicheng Bank, and Yang Chen will come back early to accompany her.
After going to work, Maya can no longer cook as many dishes for Yang Chen every day as before.
Therefore, Maya specially showed off her skills tonight and cooked some of her favorite dishes.
After dinner and a shower, the two of them went to bed to have sex.
After finishing the work, Maya lay in Yang Chen's arms and watched a movie, while Yang Chen read financial news on his mobile phone.
Not long after, Yang Chen came across a piece of relevant news.
"The United States has decided to increase shale oil development, continue to increase oil exports, strive to reach 12 million barrels of daily output in the shortest possible time, and strive to become the world's number one oil exporter in the shortest possible time."
This news is particularly useful. It is the news that Yang Chen wants to see.
Because without a significant increase in demand, a significant increase in supply will inevitably lead to a fall in oil prices.
It seems that the system is beginning to work, and the United States has taken the lead in fighting an oil export battle.
Half an hour later, another news came out.
"Saudi Arabia, the United Arab Emirates and others officially announced an increase in oil production, increasing daily crude oil production to more than 10 million barrels within a month in order to cope with the export competition from the United States."
Then, Maozi, a major oil exporting country, also issued an announcement that they would not increase production, but they would cut prices. The price of oil per barrel was reduced to 60 meters gold, and they did not rule out further price cuts to cope with the increasingly fierce competition in the international oil market.
You must know that the current international oil price is 70 meters per barrel, and the price has dropped so much all of a sudden. Isn't this horse-trapping just flipping the table?
The comment area of this news was very happy, and the comments from netizens were particularly funny.
"The United States: I want to become the world's number one oil exporter. Saudi Arabia and the United Arab Emirates: Stop dreaming, we will keep the number one position. Mao Zi: Madd, more than 50% of my economic source comes from oil, are you doing this?
You gave me food to eat, right? Okay, then don’t eat any of it, I’ll flip the table!”
"Holy crap! What does the United States mean? They go everywhere to grab oil. I always thought they were short of oil. But their reserves are so huge that they actually want to compete for the world's number one exporter. They have so much oil, why do they go to grab other people's oil?
What about?"
"I have plenty of oil, but I just don't want to use my own. I just like other people's oil. Hey, I'm just playing around."
"Maozi's style of doing things is indeed as fierce as ever. If you don't give me food, I will flip the table. If it doesn't work, I will piss in the pot and everyone will stop eating."
…
Yang Chen looked at the funny comments in the comment area and couldn't help laughing.
Maya raised her head and asked: "Brother Chen, why are you laughing?"
Yang Chen: "Nothing, I saw some interesting news. How long until your movie is released?"
Maya: "More than 50 minutes."
Yang Chen: "Oh, there's no rush, you watch slowly, I'll watch the news for a while."
A few minutes later, Buffett called Yang Chen.
Why is the old man on the phone if he doesn't sleep in the middle of the night?
Yang Chen: "Hey, old man, what's going on?"
Buffett: "Mr. Yang, I was wrong. You are still better. I want to short crude oil with you now. You take me with you and we will do it together."
It seems that this old man also saw the relevant news, knew that the oil price was about to collapse, and turned around to seek cooperation with Yang Chen.
Oil is a hard currency, and all countries cannot do without it.
The world consumes 80 million barrels of oil every day, which means that there is endless money to be made from oil, so Yang Chen does not need to hold on to Buffett's previous refusal to cooperate with him.
Moreover, when Yang Chen first approached Buffett to cooperate, he actually had an idea.
Now that Buffett is actively asking for cooperation, let's continue to act according to the original plan.
Yang Chen: "Okay. I plan to focus on attacking Jinbai Oil and Gas Company. My own funds may not be enough. Mr. Buffett will hunt for the bottom with me. In the future, when I turn around my funds, I will buy your shares at the bottom according to the price at that time.
Buy it. Do you think it’s okay?”
The market value of Jinbai Oil and Gas Company is 1.8 trillion meters. Such a huge market value is really hard to swallow.
The scale of foreign exchange reserves held by Yang Chen personally and Xingchen Investment is about 500 billion gold, and they are stored in more than 30 foreign banks. It is impossible for him to mobilize all of them to specialize in Jinbai Oil and Gas Company.
Therefore, by inviting Buffett to join the bargain-hunting plan at this time, he can take advantage of the turmoil in the oil market to lock in more shares. If Yang Chen buys it from Buffett in the future, he can instantly become one of the major shareholders of Jinbai Oil and Gas Company, and may even become
Controlling shareholder.
Buffett is a veteran, and he instantly guessed Yang Chen's intentions.
"Do you want to control Jinbai Oil and Gas Company?" Buffett asked.
Yang Chen: "I'll tell you the truth. The old man is right. I want to control Jinbai Oil and Gas Company. The old man's investments are all for obtaining high returns. You have no interest in the management and operation of the company. And this time I want to invest in the company."
If you go with the controlling stake, you don’t have to pay for it. We can just work together to achieve mutual benefit and win-win results.”
Buffett: "Yes! But Mr. Yang has to agree to two conditions. First, if Chenjun Medical Group succeeds in the future, you will allocate some shares to me. Second, you will acquire the equity of Jinbai Oil and Gas Company from me.
When the time comes, we must purchase it at a premium of 120% of the price at that time. If you agree to these two conditions, I will go all out to help Mr. Yang win the controlling stake of Jinbai Oil and Gas Company."
This old man is so greedy.
However, this is normal. After all, he is an investor who invests to make money, and it is normal to be mercenary.
As long as it's a problem that can be solved with money, it's not a problem.
Yang Chen: "No problem! I agree to the old gentleman's conditions."
Buffett: "Haha... Well, that's what we've decided. Let's split up and short-sell Jinbai Oil and Gas Company."
After hanging up the phone, Maya quickly asked Yang Chen what he wanted to do with Jinbai Oil and Gas Company.
Yang Chen didn't lie to her, he told her the truth.
Maya is not afraid of Yang Chen's control of Jinbai Oil and Gas Company, but she is worried that her parents and brother will suffer heavy losses and will not have enough sources of income to protect their lives in the future.
Yang Chen comforted him: "If I controlled Jinbai Oil and Gas Company, I would definitely not ignore your parents. As for your brother, from the moment he almost strangled you to death, his life and death has nothing to do with you."
Maya nodded and said: "Okay. As long as you can guarantee my parents' livelihood, Brother Chen. It will definitely be more beneficial to me if Jinbai Oil and Gas Company is controlled in your hands than in the hands of others. Oh, by the way, wait.
You control Jinbai Oil and Gas Company. You must remember to help me teach that despicable and shameless old man Hillman a lesson. If she hadn't forced my parents to marry me to him, how could I have been forced to do so?
The point where I can’t go back home.”
Yang Chen: "Okay, I'll take care of this matter. I will definitely help you get revenge."
At this time, Prince Ranshid was having a blast in the nightclub.
Ranhid: "Zadubi, tell them that I will bear all the expenses tonight. But the condition is that they must shout together, "His Royal Highness Prince Lanhid is extremely noble!" Haha..."
Zadubi nodded and quickly ran to communicate with the DJ.
When the DJ lady heard that Prince Jinbai wanted to pay for the whole audience, she quickly turned off the music and said loudly: "Dear guests, let us welcome His Royal Highness Prince Ranhid from Jinbai with the warmest applause!"
The spotlight at the scene was locked on Ranhid, who looked proud, and everyone in the audience cheered and applauded.
Ranhid felt that this was the correct way to open the meeting, as he should have been the focus of the audience.
Then the DJ lady said: "Prince Ranshid said that he will pay for tonight's consumption. Let us shout together, "His Royal Highness Prince Lanshid is extremely noble"! I will count one, two, three, and everyone will shout together! How loud is it?
Whether it is neat or not, it is related to who will pay for everyone’s consumption tonight. Everyone must be serious. One! Two! Three!”
Someone is treating you, who wouldn’t want to?
Just shout, there's nothing to lose, I'll open a few more bottles of good wine and have a good drink later.
"His Royal Highness Prince Rancid is extremely noble!" the audience shouted.
Lan Xied nodded with great satisfaction, and then shouted: "I will pay for all the expenses tonight! Let's have fun!"
The place immediately became excited. Guests were frantically asking for drinks, and they all wanted expensive ones. No one asked for beer or cocktails.
In just ten minutes, all the relatively expensive wines such as Romanée-Conti and Ace of Spades in the bar were wiped out.
The bar hurriedly restocked the shelves and bought expensive wines from surrounding bars, selling them to customers at a higher price.
Because Lansheed is paying the bill, no one cares how much it costs.
When Ranhid was about to leave, the manager sent the bill.
"Your Highness, this is the consumption list so far. The total consumption in the whole place is 15.828 million. You can take a look at the bill and ask any questions immediately. If there is no problem, please buy the order." The manager said with a smile.
Lan Xied: "No need to check, pay the bill quickly, I want to go back to the hotel to sleep."
The accompanying treasurer quickly swiped his UnionPay card to pay the bill.
Cashier: "I'm sorry, your card can't be used to pay."
The atmosphere at the scene was awkward.
Are you sure this horse is a prince and not a liar?
