Tiansheng Capital’s annual general meeting of shareholders is held on May 5th. All annual general meetings in previous years have been scheduled to start on this day. Now it has become a grand event in the domestic investment community and is regarded by thousands of Lu Ming’s fanatical believers.
It is an annual pilgrimage meeting, and its grand occasion is not inferior to the Berkshire Hathaway Annual Shareholders Meeting in North America.
In terms of market value, measured in U.S. dollars, Tiansheng Holdings' current total market value is about US$700 billion, and its peak market value once reached US$775.7 billion. The current total market value of stock god Berkshire Hathaway is about US$530 billion.
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Since being surpassed by Tiansheng Capital, Berkshire Hathaway has never overtaken it again.
The annual shareholder meetings of Tiansheng Capital and Berkshire Hathaway have been regarded by the global investment community as the two major investment events in the East and the West, and they are both held in May. Tiansheng Capital held the annual shareholders meeting in early May.
Xir Hathaway in late May.
The industry often laments that the profits Lu Ming earned in about four years have far exceeded the compound interest accumulated by Buffett in his lifetime. Whether he can surpass the old stock god depends on whether Lu Ming can hold on to his accumulated wealth to seven or eight like the old stock god.
Ten years old.
Can’t help but hold on? This is the hardest part!
There is a saying that it is difficult to conquer the world, but it is even harder to defend it. This is something that cannot be predicted at the moment. We can only know it after fifty years. Only time can witness the final answer.
But as of now, the old stock gods do feel a bit unable to keep up when facing the new generation from the East.
At least in China, the number of fans and believers who believe in the stock god is getting fewer and fewer every year, while the number of Lu Ming's followers is increasing year by year.
This is inevitable. Lu Ming himself is of 100% Chinese descent. This status is unparalleled in the country. It is human nature to be strong, so it is not a surprise.
Now, not only in China, Lu Ming's influence is increasing day by day in the global investment community, which cannot be ignored.
At the annual general meeting of shareholders held last year, many overseas investors flew to Ningzhou from all over the world to attend this event, especially foreign investors who were optimistic about the Greater China market and planned to invest in this market.
At this year's shareholders' meeting, there were about twice as many overseas faces as last year. This is actually a reflection of Lu Ming's surge in influence in the global investment community.
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Friday, May 3rd, is now during the four-day May Day holiday.
At around 10 o'clock in the morning, in the conference room of a local high-end hotel in Ningzhou City, Lu Ming was conducting face-to-face discussions with the North American negotiating team. This matter was not known to the outside world, and there were no news reports.
"Mr. Lloyd, U.S. bonds can be sold at any time, and the price will follow the market. You have to give me a special ten-year lock-in period without selling. This condition is unacceptable. It is not in line with the rules of the game." At this moment, Lu Ming responded to the other party's suggestion.
He rejected this condition without hesitation, and added: "The fact that we can sit here and talk face to face about this matter already shows that I have the final say on this matter, because Tiansheng Capital is the creditor and asked me to borrow money."
The money depends on whether I agree or not."
Having said this, Lu Ming looked at the other party, looked directly into Lloyd's eyes and added again: "Your gangster logic of beating you up and not even glaring at you, don't play this with me, real swords are real.
If you are a gunman in the market, I, Tiansheng Capital, have never made a mistake or lost. This has been true in 15 years, this has been true in 16 years, this has been true in 17 years, and the handicap game of Tiansheng Holdings has been true in 18 years."
John Lloyd didn't expect Lu Ming to be so strong. His tone gave people the impression that this young man was a tough guy to deal with, but Lloyd had to admit that the other party did have the capital.
In the foreign exchange war that year, the international short sellers led by Wall Street lost miserably. The two green pillar K-lines left by the offshore exchange rate on January 4 and 5, 2017 are the traces of the international short sellers' fiasco that year. They are still there today.
It's hanging there.
The emergence of Lu Ming and Tiansheng Capital here in Greater China has really made Wall Street very uncomfortable. Watching the Tiansheng Composite Index keep rising all the way north, and watching Tiansheng Capital's performance report being greatly stimulated, isn't it uncomfortable?
It was a private meeting and consultation that was not open to the public, so Lloyd stopped talking and said immediately: "North America can actually tolerate your diving funds to a certain extent. We all know that, but you cut it too hard. You
You have killed a large number of Wall Street hedge funds. Although we have no direct evidence and there is nothing we can do against you, this has obviously crossed the line and we cannot continue to play this way."
This is tantamount to indirectly acknowledging Lu Ming's nuclear-powered harvester. There is no point in not acknowledging it. So many hedge funds have died in the world, especially in the foreign exchange market. Hedge funds are liquidated and bankrupt every day, and related incidents appear every once in a while.
The manager went to the rooftop and jumped to end it all.
Lu Ming said calmly: "No, no, you have been too ruthless in expanding your banknotes and printing money since 2008. How can my little sickle stand up to your nuclear-powered money printing machine? I, Tiansheng Capital, can only do it by the way.
Turn the point of fate.”
Moreover, Lu Ming understands that in the next few years, the beautiful country and even the entire Europe and the United States will start a super nuclear power money printing mode, sucking the blood of the world.
Lloyd stopped and said: "Okay, let's end these unobjectionable arguments and talk about something more substantive. I don't want to come halfway around the world to argue with you, and I believe you do too."
Lu Ming, who was sitting across from the rectangular conference table, raised one hand and waited for the next step with a calm attitude.
John Lloyd immediately said succinctly and concisely: "The lock-in period agreement can be withdrawn, it is not impossible to discuss."
Lu Ming was not surprised when he heard this. The other party probably felt the same way about this nonsense condition. In fact, Yingjiang didn't care about this at all. The reason was actually quite simple. Rabbit held so many U.S. debts. It was really big.
If there is a large-scale sell-off, and if U.S. Treasuries plummet as a result, Rabbit's losses will also be huge.
This is a typical operation of killing a thousand enemies and damaging yourself by eight hundred. It is a trick that is only used when there is really no way out.
After a moment, John Lloyd continued: "Our conditions are actually very simple. We will increase the initial initial scale by US$100 billion, and 50% of your future capital gains in the global market will be used to increase your holdings of U.S. debt."
It's really simple. It borrows US$100 billion at the beginning, and from now on, half of the capital gains Tiansheng Capital gains in the global market will be lent to Lao Meihua. This is a stable and big creditor for Lao Meihua.
These days, the one who owes money is the boss!
Of course, if you borrow money, you have to pay it back, and you have to pay interest, but the United States is not afraid at all. The more money you borrow, the better. In theory, as long as the world still operates under the U.S. dollar credit system, no matter how much money the United States borrows, it will not explode.
, when the time comes to repay the debt, borrow new debt to repay the old debt.
In fact, the money borrowed by the United States can never really be repaid, because it can keep printing money. As long as the credit of the US dollar does not increase, this game can continue to be played, and it will be reflected in the Federal Reserve's balance sheet.
U.S. debt has now become an asset. Debt can be transferred and of course it becomes an asset, and it flows freely around the world. Until there are very good investment products and projects in the international market, many people are willing to hold U.S. debt. of.
As for Tiansheng Capital, it is because the sickle is too sharp and it is the only one in the world.
Of course, the United States is the biggest winner under the U.S. dollar system. The most essential part of this game is that it can eat both sides. For example, the United States issued a bond of 100 million U.S. dollars, and a company happened to have abundant cash flow and bought the 100 million U.S. bond, so the United States Successfully purchase the US$100 million, and then use the US$100 million to buy the products of this company for consumption. The company will make money and accumulate new cash flow, and then the United States will repeat the above operation.
In this way, Laomei only needs to continue to issue bonds, borrow money and then consume and enjoy it. For this company, the backbreaking production and operation does not use the money earned to enjoy consumption, but If you buy a bunch of bonds and keep them in your account, they are actually just a series of numbers that are constantly superimposed.
The prerequisite for this game to continue is that there are creditors to pay the bill, that is, someone is willing to borrow money, so we proposed such conditions with Tiansheng Capital. It would be great to get a stable creditor. The debt is just reflected on the balance sheet. It’s just a bunch of numbers, just adding a few extra zeros, but the consumption you enjoy is real.
In the conference room, Lu Ming said with a smile: "The base of 100 billion, plus 50% of capital gains... Mr. Lloyd, if you continue like this, I will go home for lunch."
Asking for prices all over the sky, then paying back the money, this is how it unfolds in the next period of time. The essence of negotiation is to talk loudly to each other, and then continue to bargain, and finally reach a level that is acceptable to both parties. Once the matter is agreed upon, it is done. Once it got together, it fell apart and had to part ways unhappy.
