Chapter 163: The Reasons for the Gathering of Wall Street Giants(2/3)
In Herbert's grandfather's generation, it was actually just a medium-sized family under the Rockefeller Foundation.
Even Herbert and his father were very competitive, and the father and son developed their family.
A Rockefeller consortium, named Rockefeller, the main controller may also be Rockefeller.
But there may be more than dozens of families involved in sharing the power of the consortium and contributing to the consortium at the same time!
These families came together, united because of their interests, and then through marriage and other means, they finally formed terrifying alliances of interests.
If Abel had just been reborn and discovered his "talent", he had an unrealistic fantasy of dominating the United States.
After nearly a year of working as a capitalist, I learned a lot about the inside story of this country.
He knew that his previous fantasies were really just fantasies.
If you want one person to be above the world, unless you are a god on earth.
He has the extraordinary power of Superman to crush the world.
Otherwise, people from the motherland can also do it.
Otherwise, in the real world without extraordinary power.
The only way is to make your family as strong as possible.
Then through your own family, you can unite with other powerful families.
With the powerful alliance, they extend their tentacles to the whole world.
In this way, the goal is achieved.
Stronger than the ancestral dragon.
It will take "the remnants of Fen Sixth Generation" and talents from powerful military families under his command to unify the six countries.
Without the Ten Commanders and other meritorious deeds, a great man himself would not be able to accomplish great things.
At this moment, I faced Richard Fuld with this slightly unexpected question.
Abel smiled slightly and said softly:
"As for this question, my answer is, there is nothing wrong. It will be announced later."
"Smith Capital, any investor can join and become a shareholder of the company."
"Smith Capital needs strong allies!"
His answer made Richard Fuld's eyes suddenly light up.
"Hahaha~ This is really great. Lehman Brothers are willing to become Smith's ally!!" Richard Fuld's voice became excited.
His voice is loud.
This Wall Street bulldog has always had this kind of personality.
This earned him a lot of praise in the media.
But it also made him offend many people among his colleagues.
Richard Fuld himself did not expect to ask this question.
I can actually get such a definite answer from Abel.
In the invitation letter, Smith Capital only made a vague mention.
"Hahaha~ Yes, Smith Capital needs friends." Abel smiled.
These are the qualifications of these friends to participate in the shares, the proportion of shares, and other requirements.
It's just me who has the final say.
Abel thought to himself.
"Ah~" Richard Fuld's voice became a little louder, and he said slightly excitedly: "This is really the most wonderful news I have heard in the past month!"
As a Wall Street giant, he is also one of the middlemen of Smith Capital.
Lehman Brothers is the same as Merrill Lynch, Goldman Sachs and other investment banks.
They all can, through the flow of funds invested in the market by Smith Capital.
Let’s roughly speculate on Smith Capital’s investment direction and profits.
These giants all have Smith Capital's rough investment profit predictions in the past six months.
Even among the giants, there will be slight differences in the estimated amount of Smith Capital's profits.
After all, for insurance purposes, Smith Capital's intermediaries and guarantee banks will never rely on just two or three banks.
At least a dozen banks are used each time, both to share risks and to ensure confidentiality during investment.
Without exception, these giants estimate Smith Capital's investment profits in the past six months.
Taken together, the amount is astonishing.
To put it simply, everyone can predict Smith Capital's profits in the past six months to a certain extent.
And the predicted figure will be off by hundreds of millions of dollars.
But the numbers they predicted were, without exception, very scary.
Like Lehman Brothers, there are three estimates of Smith Capital's investment profits in the past six months.
One is US$7.6 billion, one is US$8 billion, and the other is US$7.9 billion.
No matter which of these numbers are, as long as they are true, Smith Capital will become the most profitable company on Wall Street this year.
Last year, the most profitable Wall Street firm was Goldman Sachs.
The net profit reported by Goldman Sachs in 1999 was US$4.215 billion.
Compared with Goldman Sachs, Lehman Brothers' net profit last year was only a pitiful $1.5 billion.
in other words.
If Lehman Brothers had not made a mistake in estimating Smith Capital’s profits in the past six months.
That means Smith Capital’s half-year profit this year.
It exceeded the net profits of the two giants Lehman Brothers and Goldman Sachs combined for the whole of last year.
This is an unbelievable number.
Lehman Brothers' senior executives initially took a negative attitude towards this calculation.
But it was Lehman Brothers’ hundreds of traders, analysts, and actuaries who made this calculation.
They used Smith Capital, Lehman Brothers and other banks with access to information to make the final calculation.
It took more than a week to calculate this number.
If everything goes wrong, or the results are too different.
Then there is no need for hundreds of elites like Lehman Brothers to exist.
Richard Fuld can only be skeptical about this.
With the mentality that they would rather kill the wrong person than let go, Lehman Brothers was the same as other giants.
Everyone wants to extend their tentacles into Smith Capital.
Then investing in shares is a good choice.
Now that he has received the "approval" from Abel, Richard Fuld is of course excited and happy.
This is if Smith Capital's profits are true and Lehman Brothers takes a stake.
This is equivalent to having one more cash cow and one more money tree for Lehman Brothers after this!
Facing the somewhat excited Richard Fuld, Abel smiled.
Just kidding, Smith Capital will indeed accept investment and allies.
This is also his trump card for tonight's cocktail party.
However, the Lehman Brothers pitfall will most likely be excluded.
As one of the four major investment banks, Lehman Brothers is the most aggressive and the one with the most minefields.
The four major investment banks all have very complete businesses and basically do everything related to investment.
But there will also be some biases and some businesses that are more focused.
Merrill Lynch, for example, has been more focused on securities sales in the past two years;
Goldman Sachs likes to be a white knight;
Morgan Stanley is keen on large capital investments.
As for Lehman Brothers, after it emerged from the third bankruptcy crisis in 1998.
Under the leadership of Richard Fuld.
This investment bank has focused its development on issuing a large number of mortgage financial derivatives.
To be continued...