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Chapter 24: Smith Capital(1/2)

There was nothing bloody about the encounter between Abel and David Mellon.

It was last year, when he first came to New York from Texas.

He had $70,000 with him and was preparing to make financial investments.

But in this era, the Internet cannot yet play finance.

If you want to invest, you can only open an account at a bank or financial company.

At that time, he was afraid of being cheated, so he chose a large financial company.

The reason why he is a reborn person again, or a reborn person from China.

He had another preference for Goldman Sachs, so he chose to open an account at Goldman Sachs.

He started playing in foreign exchange, and the Goldman Sachs staff member who received him at that time was David Mellon.

Over the course of two or three months, the relationship between the two of them became much closer.

David Mellon graduated from Wharton Business School and was born in the Mellon family.

I have worked at Goldman Sachs for three years and have rich experience.

At the end of last year, Abel invited David Mellon to work for him.

Mainly Abel himself, even though he graduated from Rice University.

Moreover, Rice University is the number one university in the southern United States. Although it is not in the Ivy League, it has the strength of the Ivy League.

It is also one of the best universities in the United States.

but....

The major I originally studied in college was actually from the Fine Arts Department!

It’s really hard to describe a kid from Texas with a red neck who went to study fine arts.

Therefore, whether it is the memory of the original person or the memory of the reborn person.

I am not very familiar with American finance.

After being reborn, I have been studying hard.

But how far can this kind of learning progress?

If it weren't for this aspect, he would have made an incredible mistake.

If there is no such problem.

He would never touch it, nor would he have the guts to touch it, something that most smart people in the European and American world study.

But even if there is a hangup.

He is also worried about being cheated by Wall Street giants during operations.

He needs an assistant, one who is very familiar with Wall Street and financial rules.

After two or three months of investigation, he felt that both in terms of professional ethics and ability.

David Mellon is all qualified and meets his requirements.

He extended an invitation.

At first, David Mellon naturally refused.

Isn’t it nice to earn millions of dollars a year in front of the middle management of Goldman Sachs?

In the end, Abel offered him an annual salary of US$5 million.

Coupled with Abel's previous investment, he was already astonished.

There is also a radical side to David Mellon's character.

David Mellon finally chose to resign and found a group of people to follow Abel.

Later, Abel invested in a series of operations on Nasdaq.

It was Abel who was in charge of the command, and David Mellon led a group of traders to operate.

Later, when Smith Capital was established, David Mellon was also responsible for all kinds of tedious and detailed work.

Let's put it this way.

Smith Capital personified words.

So, Abel is the brain and heart of the company.

David Mellon is the body and limbs of the company.

The two have known each other for ten months and worked closely together for half a year.

In addition, after the establishment of Smith Capital, Abel gave David Mellon 2% of the dry shares.

Since the establishment of Smith Capital, the company's profits have exceeded US$600 million.

2% of US$600 million is also US$12 million.

It’s more than David Mellon’s total income after working for seven years.

And this is just over a month, it’s just the beginning.

Even a blind man can see the future money path.

There is a way to make money, and I feel happy to follow Abel.

He also has a very good relationship with Abel personally.

Due to multiple factors, David Mellon is now determined to work at Smith Capital.

a week ago,

Because it is "observed" that the Japanese yen exchange rate will fluctuate violently in the future.

Smith Capital, under the control of Abel, began to enter the market and short the Japanese yen.

Abel is the commander-in-chief and the soul.

David Mellon is the pioneer general.

He selected eight of the company's best currency traders and entered the safe house.

In one week.

Even though Abel was not here and did not come to the company.

David has also been following the operational needs left by Abel and contacting Abel by phone from time to time.

The eight traders who controlled the safe house carefully operated the huge capital flow with a margin of up to 1 billion U.S. dollars and a leverage of 20 times to continuously build positions, with the goal of shorting the Japanese yen.

Eight traders, who are mainly responsible for actual operations, have always stayed in the safe room.

David Mellon, the general manager, has not been home for a week.

During this week, he has been staying at the company.

Eat, drink, poop and sleep, all done here.

In Abel's absence, he needs to keep an eye on this place.

After all, after using leverage, it reached a huge amount of 20 billion US dollars.

Abel was so big-hearted that he dared to run around.

David Mellon, who is in charge of the operation, cannot be as relaxed as Abel.

It was precisely because of his full concentration that David Mellon was very tired.

That's why I couldn't help but fall asleep just now.

Now Abel is back.

When he came to the company, David Mellon's spirit, which was a little sluggish, suddenly cheered up.

Because this means that it is time to close.

"How about you report the market situation?"

Looking at David Mellon who looks a little unkempt due to staying up late and working overtime.

Abel smiled.

David Mellon cheered up and whispered:

"As per your request. What we mainly do is the two currency pairs of yen/euro and yen/dollar."

On January 1, 1999, the euro was officially born, replacing the US dollar and occupying the European currency market.

This is a brand new currency, but it benefits from the strong strength of the European Union at this time.

As soon as the euro was born, it became one of the major currencies in the world.

The Japanese yen in Neon Country has been one of the major world currencies since the 1980s.

Not to mention the U.S. dollar.
To be continued...
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