Chapter 168: The Fragrant Giant Crocodiles(1/3)
The double standards of the Angsa people are famous all over the world.
But within themselves, they don't feel that way.
At this moment, many giant crocodiles gathered, facing the aggressive Abel.
Faced with Abel's natural attitude.
For a moment, they were speechless.
According to Abel's strong words.
What he said is indeed correct.
The annual operating income of the four major investment banks is as high as 30 to 40 billion US dollars, which is not much different from their market capitalization.
But the investment profit is not even half of Smith Capital.
This is mainly because the investments made by investment banks are not profitable every time.
According to his rhetoric, even the famous "Wall Street Bulldog" Richard Fuld.
I can't find any good reason to refute it.
Different from Chinese people, Chinese people like to leave things one step ahead so that they can meet each other easily in the future.
The Ansa people's way of doing things is to kill you when you are sick.
I am strong and reasonable.
Take advantage of these people who don't know how to verbally retaliate against themselves.
Abel spoke.
"Just follow this ratio." Abel said with a smile:
"If you are interested, you can come and talk to me later. If you are not interested, we won't force you."
"After this, Smith Capital's private placement will be open to everyone as always~"
"The food and wine prepared by Hilton tonight are very good. There is also a dry red from Chateau Margaux, which I think tastes great."
"You can give it a try~"
After finishing speaking, Abel didn't give them a chance to refute, and left with a smile.
As soon as he left, Richard Fuld said angrily:
"This price is too much! Five hundred billion US dollars? He really dares to think about it!"
The presidents of the other three major investment banks did not speak, but they also nodded as if they agreed with Richard Fuld's words.
$500 billion market capitalization?
General Electric, the largest company in the United States by market value, has a share price of just under $600 billion.
But General Electric has a long history, dating back hundreds of years from the time of Edison to the present.
With countless scientific and technological patents and a large number of subsidiaries, it is a technological pillar in this country.
Such a behemoth, it is still a listed company.
Its market value is now just over 500 billion US dollars.
David Komansky, the CEO of Merrill Lynch who had not spoken much tonight and showed signs of declining power, spoke leisurely:
"Maybe Mr. Smith just didn't want to accept others into Smith Capital. He simply offered such a price that we couldn't accept."
David Komansky's statement suddenly became the most accepted possibility among everyone in the audience.
"It is indeed very excessive." Philip Purcell said clearly: "Morgan Stanley announced that it is no longer interested in investing in Smith Capital!"
"So does Goldman Sachs!" Paulson said.
Lehman Brothers and Merrill Lynch did not speak, but the two CEOs nodded in agreement.
It looks like one of the capital giants tonight.
Because Abel just made an exaggerated and outrageous offer.
The four major investment banks all gave a unanimous rejection.
Many of the giants looked at Buffett, who smiled.
"Mr. Smith's price is outrageous. Coca-Cola's market value is only US$150 billion."
Buffett said: "I don't think Smith Capital is more valuable than Coca-Cola now."
Buffett's statement once again received nods from many people in this small circle.
For a time, the big guys began to verbally attack Abel Smith and Smith Capital.
It looks like no one is interested in investing in Smith Capital anymore.
Interested.
Even George, who was just here to join in the fun, quietly said to Steve, his family’s private investment manager:
"Originally, I was also interested in investing in Smith Capital. But now the price is too expensive."
It was too expensive to invest in the stock, and George felt it was unnecessary.
But he feels that Smith Capital’s private equity can still be bought.
He is not very good at math, but he still knows how to calculate the 283.9% return.
Steven nodded and felt that what the boss said made sense.
Among the people present.
Those who didn’t express much were the two people from the Texas consortium.
There are also two old men, Morgan and Rockefeller.
the other side.
Abel, who had left the circle of alligators, did not think that the price he had just quoted was too high.
He has this confidence in himself, or more specifically in his "talent".
He feels that he has his own "talent" as an investment manager.
It’s worth the price!
Whether Wall Street agrees or not is a question for Wall Street.
After leaving those giants, Abel found David Mellon again.
In the latter's somewhat surprised eyes, Abel asked:
"David, do you think if we set up a few more fund companies, more people will subscribe?"
This aspect of content, before starting today.
He didn't say that to David.
That's why David was surprised.
But when he said it now, David changed his mind almost without thinking:
"No problem at all~ Boss, you didn't see that I was blocked by them when I came down just now. Many people wrote checks on the spot and wanted to join us."
There are such exaggerated return data out there.
And there were so many Wall Street giants present who remained silent about this.
This confirms that Smith Capital did not lie, they are just that powerful.
Created such a miracle.
Almost all the guests attending the reception tonight were high-net-worth individuals.
These people have money, and they usually need financial managers.
Many people's money is left to private independent investment and financial advisors.
They generally invest in investment banks and securities companies.
Today, Smith Capital is several times stronger than these companies.
Then why not invest your money in Smith Capital, the strongest company?
Two and a half months, 289.3% return on investment.
Where can I find this kind of rate of return?
In fact, Abel also knew that money moved people's hearts.
Such a high return on investment, such an exaggerated profit margin.
There was no way that no one was tempted at the scene, and the words just now were just the opening remarks.
After hearing David's confirmed answer, he smiled and said, "Then let's open a few more fund companies!"
In the United States, it is a type of private equity fund that Chinese people are more familiar with.
To be continued...