Big stars who came out of football

Chapter 136 135: Let's Talk

Maggie Pate looked like a lost dog after leaving Claire~
Maggie Pate, holding a bottle of Russian vodka in one hand, was crying and laughing alone under the dim street light. The homeless people around were a little scared when they saw Maggie Pate's posture, because in the American mental illness It is protected by law!
"Oh man, can I have a sip of your wine?"

Maggie Pete looked up at the deserted street not far away and then at the tall drunk man opposite, Maggie Pat patted the chest of the drunk man who was trying to ask him for a drink, A smug smile appeared on Maggie Pate's face and said: "Hahahaha, I'm still useful! So someone still needs me to provide him with a bottle of vodka."

"Oh! Yeah, that's right, that's right, and if you're a rich guy, you can do whatever it takes to bankrupt those damned Wall Street vampires!"

Maggie Pate heard this line as if she heard some ridiculous joke: "You let me bankrupt myself?"

The drunk man on the opposite side still had a sliver of reason. Seeing Maggie Pater like this, the drunk man didn't say anything but took a sip of the vodka that Maggie Pater handed him. Shouting loudly to the sky: "Those damned Wall Street! I wish your wives cheat and your sons go to jail!"

Maggie Pate didn't react when she heard the curse behind her. Instead, she took a sip of vodka and fell heavily to the ground.
-
It has been three days since Maggie Pate saw his teacher again, and he has recently been on liquids due to a perforated stomach caused by his excessive drinking.

Joel Greenblatt, in a neat suit, stood in front of the hospital bed and said with a serious face: "I have only two children in my life, but neither of you two children can make me worry. His money went to sign a gambling agreement with American Real Estate, and one was published in the Wall Street Journal because of his wife’s cheating. I really can’t imagine what good reputation you two can bring me if I die.”

Pale-faced Maggie Pate looked at his teacher, Joel Greenblatt, with a look of shame.

Maggie Pate is glad that he can have a sufficient backer to help him every time he fails. This is the case with the Huli bubble crisis, and it is also the case when his ex-wife cuckolds him.

As for how awesome Maggie Pate's backer is?
Joel Greenblatt was a visiting professor at Columbia Business School.Greenblatt also served as chairman of Allion Technology Systems, a maker of weapons and space systems and a Fortune 500 company, as well as co-founder of New York Securities Auctions and ValueInvestorsClub.com people.

If these titles alone may not be enough, his teacher is also the helm of Gotham Capital, an American hedge fund. The size of this fund has not only reached 8 million US dollars, but also maintains an annual return rate of 40%.

"I'm sorry, teacher."

Joel Greenblatt didn't know what to say when he saw Maggie Pate's ashamed expression. If he had put it before, he might have given his disciple a fund to prove him, but now he has There are not many funds in Li, because all the funds in his hand have been seized by another disciple of his.

That's right, it was impounded.

"Don't say sorry to me. If you can give me back the $4.3 million I gave to Michael Barry, I can agree to entrust you with a trading amount of $1 million to prove that you did nothing wrong at Goldman Sachs Investment Bank." !”

"What? Did Michael seize your funds?"

When Joel Greenblatt heard Maggie Pate's tone, he was furious!

At the beginning, Michael Barry was not the head of a hedge fund but a doctor of neurology at Stanford Medical School, but he did not know the arrangement of fate. After a simple meeting with him, Michael Barry became interested in stocks.

Going to work during the day for surgery and investing in stocks after get off work at night, there was no problem at first, but human energy is limited. Michael Barry fainted directly during another operation.

Thankfully, Michael Barry lost his job as a neurosurgeon at Stanford Medical School.

But Michael Barry’s father was once a good friend of Joel Greenblatt. In order to allow the children of his old friend to have a job, Joel Greenblatt helped Michael Barry create Sion Capital.

In the first few years of its establishment, the company's performance increased sharply. In 2001, the Standard & Poor's fell by 11.88%, and the Sean Capital Fund rose by 55%. In 2002, the Standard & Poor's fell 22.1%, and the Sean Capital Fund rose 16%. In 2003, the Standard & Poor's finally rose by 28.69%, while the Sain Capital Fund rose by 50%.By 2004, the capital scale of Scion Capital had reached 6 million US dollars.

Of course, 6% of the 80 million funds came from Gotham Capital, his hedge fund.

Joel Greenblatt felt that he was getting old, he wanted to take a good rest, and kept reducing Gotham Capital's sense of existence. Up to now, 4.3 million US dollars had entered the account of Thain Capital.

If things go on like this, Joel Greenblatt thinks he might have a good year.

But there are unpredictable things in the sky, and people have misfortunes and blessings. In Joel Greenblatt's view, what Michael Barry did was a "man-made disaster."

Because Michael Barry has not only been bearish on the U.S. housing market since 2 years ago, but even used the money he entrusted to Thain Capital to establish a hedge fund with Goldman Sachs Investment Bank.

This term is called "credit default swap contract" in the stock market.

The concept is simple. Because of the boom in the real estate market, people who believe that the housing market will not fall follow blindly and continue to bet blindly on US funds and the stock market, causing the capital that is the opposite of synthetic CDOs to continue to rise.

Some people are bullish and others are bearish, so the product "credit default swap contract" appeared. This product can be summed up in one sentence. If the real estate in the United States plummets, then the people who buy this product will get 130% or 300% %s return.

Michael Berry bought this product with all the money of Thain Capital. When Joel Greenblatt heard the news, he not only immediately dissuaded him, but also made a lot of efforts.

But Michael Barry is sick!
That's right, it's really sick, Asperger's Syndrome!This is a kind of autism, withdrawn and paranoid, social difficulties, but extremely devoted and focused on things of interest.

Although Michael Barry is sick, Michael Barry is not stupid. When he learned that all investors did not recognize him, he not only set up barriers, but also prohibited investors from redeeming funds, causing a large number of investors to take turns. question.

Although there are some small-scale investors who have redeemed their funds, Joel Greenblatt will not get the money back, even if Michael Barry is still losing money, Joel Greenblatt said he is not here. This investment was pursued, but Michael Barry forbade him to redeem the funds.

After hearing this from her master, Maggie Pate was not only dumbfounded, but also had some super cool feelings in her heart.

And what the drunk man said that night always lingered in his mind from time to time.

[You can also try your best to bankrupt those damn Wall Street vampires]

Just when his teacher kept chattering in front of him like an old man, Maggie Pater was distracted. He suddenly thought that since he was abandoned by Wall Street, why couldn't he turn around and earn money from Wall Street? money!
"If you want a good way out, I advise you to persuade Michael Barry, after all, his studio is not far from your home."

"OK, OK, that money is the hard work of your whole life, teacher, and I will find a way to get it back for you."
-
The office building of Thain Capital is located in the suburban office building of San Jose. Although the location is relatively remote, the office building is very tall, because it is one of the few office buildings in Silicon Valley named after the financial center.

Before Maggie Pate entered the door, she saw the security guards downstairs desperately intercepting a group of gorgeously dressed investors.

If Maggie Pater guessed correctly, this group of investors must be the targets of Thain Capital, that is, investors.

"Michael Barry, you idiot, you know who you're hedging against! It's America! It's the American economy!"

Maggie Pete agreed calmly after hearing this sentence. Just when Maggie Pete wanted to enter from the underground parking lot of the office building, the group of investors were bewitched by someone and started attacking the security again. .

But Maggie Pate muttered indifferently: "You deserve to be cheated by Michael! If you are confident enough, you can directly use 5% of your target amount to hire a bunch of lawyers from Wall Street. It doesn't matter whether it's good or bad. It can definitely make Thain Capital go bankrupt!"

Scion Capital is on the second floor of the office building, and "Scion Capital" is pasted in English letters on the transparent glass door.

Before Maggie Pate entered the Thain capital, she heard the heavy metal percussion music inside. Maggie Pate didn't intend to knock on the door, but just pushed the door open and walked in.

The duplex office building doesn’t look very big, with five workstations and a small stage for percussion music, it makes Thain Capital look crowded.

Michael Barry didn't seem to notice the appearance of Maggie Peet, and he was still beating the drums with his headphones on. Instead, Maggie Pate moved a bench and sat next to the small stage, even Maggie Peet Tet also poured a glass of whiskey for the two of them.

"Wow! Looks like you're stressed!"

"Maggie! The U.S. housing market will collapse!" Michael Barry lowered his head and said this nonsensical remark, but what Michael Barry didn't expect was that the opposite Maggie Pate said directly : "I need evidence! If I have evidence, I can try to help you solve this difficulty."

When Maggie Pate said this, he couldn't help but flashed the scene when he met Claire Lee that day, and the line of English letters on the file bag in Claire Lee's hand moved him very much.

[HIECF], these letters are the abbreviation of Harvard University Endowment Foundation~
If Maggie Pate guessed correctly, Claire Lee may have received investment in a new project again, and the amount of investment is not low.

Michael Barry on the opposite side staggered like a drunk patient after hearing Maggie Petter's words. Michael Barry turned his desk into a mess, but he never came out.

But Maggie Pater, like a lord, kept admiring every corner of Sain Capital, when he saw the words [19.7% Traditional Housing Hedge Fund] written on the whiteboard in the hall of Sain Capital when~
Maggie Pate asked with a look of surprise: "Did you only lose 19.7% so far? I thought you lost 50%, which made our teacher so anxious!"

Michael Barry ignored him, but put his head in a cardboard box and kept searching, when Michael Barry found a thick stack of documents from the cardboard box.

Michael Barry, who found the document, walked outside excitedly and threw the document in front of Maggie Pate: "You work at Goldman Sachs, and what I bought is the Goldman Sachs credit default swap contract. If someone can After reading this 150-page document, you will find that the United States began to experience large-scale credit overdue situations as early as a year ago."

Maggie Pate took over the heavy document and looked at it for a long time. She didn't answer Michael Barry in a hurry, but picked up a pen and a piece of paper and began to read the document.

Michael Barry put on his headphones once again when he saw Maggie Pate.
-
It's been three days since Claire Lee last saw Maggie Pett~
Although I don't know why Maggie Pate begged him to see Maggie Pate this time in an almost begging tone.

But Claire Lee agreed anyway.

After all, a man in a green hat is worthy of pity, and in Claire's opinion, Maggie Pater did not make any major mistakes in his trading operations. It was Northern Rock Bank's unilateral breach of contract and rejection of Goldman Sachs Investment Bank's [combined bond 】.

At this time, Claire Lee was sitting in a temporary office in a hotel behind the New York Supreme Court.

There is an endless stream of graduates from the University of Hawaii, waiting for Claire to review one document after another~
There were even several girls holding phones and making calls. The content was very simple, and they were assigning the tasks that Claire had just given them to their classmates who were building a website at the University of Hawaii.

Claire enjoys this feeling, although the company is not his.

But he can use all these resources, because these are what his cheap teacher promised him.

The original words of Robert Lighthit are: "Although this B2B website does not give you a salary, but only gives you 2% of the original stock, you can transfer the students in those projects. It is time for the University of Hawaii to have an outstanding talent. !"

"It's hard to imagine that Mr. Robert Lighthit could fancy you, and you're one."

"Is it Asian?" Claire Lee was not surprised by Maggie Pate's question.

If the same situation is placed in the top ten in the United States, Claire Lee may not be so outstanding in it, but if he is at the University of Hawaii,

But rather to be a chicken head than an anchovy tail, Claire Lee's choice has not made a mistake so far!

"Sorry, I didn't mean to mock you."

When Claire Lee heard that Maggie Pater wanted to explain to herself, Claire Lee quickly waved her hand and refused: "No, no, what's wrong with you? Isn't it just a job at Goldman Sachs? Why? Without a job at Goldman Sachs, even you Have you lost your dignity?"

Maggie Pate was blushed when she heard Claire Lee's words, but Michael Barry, who had been silent on the side, seemed impatient, and immediately pulled Maggie Pate away. opened.

The stammering Michael Barry directly thrust a thick piece of information into Claire Lee's hand and said: "I am Michael Barry, the fund manager of Thain Capital. My Thain capital is encountering difficulties now, so I hope you can give me 15 minutes to get your approval!"

Just as Maggie Pate was about to say something, Claire Lee nodded directly at Michael Barry.

After all, there were only four men who dared to short the "U.S. housing market" and still retired successfully. During the global economic crisis in the previous life, there were only four men, and Michael Barry was one of them.

Claire is also very interested in him, after all, who is not interested in a business that is sure to make money without losing money!
"In fact, the credit system in the United States is close to collapse. Up to now, nearly 100 million rooms in the United States have defaulted on subprime mortgages. The number of default cases has risen again. Morgan Stanley and Goldman Sachs issued another 190 Ten thousand pieces of collateral!”

“Subprime defaults are rising again, but credit rating agencies say they are manageable.”

"And I have evidence that [Standard & Poor's credit rating agency] [Moody's Credit Ratings] is selling credit ratings for money."

Claire discovered a characteristic of Michael Barry. After Michael Barry talked about financial knowledge, Michael Barry was as contagious as the president of the United States in the election.

Maggie Pate, who was a little worried at the side, finally felt relieved when she saw Claire Lee's listening expression.

When Michael Barry finished introducing everything about American real estate, Claire Lee asked directly: "Then what do you need me to do?"

"Money! My teacher"

"Michael! I'll say it, I'll say it, actually."

"You plan to let me repurchase the target amount of your teacher in your company, right? If I am richer, let me buy back all the funds, right?"

Michael Barry and Maggie Pate felt like they had eaten a durian when they heard Claire Lee say what was on their mind.

But Claire Lee took the nail clippers on the table and cut his fingernails: "Let me guess! 4 million? 6 million? Or do you have 7 million?"

"Although Thain Capital has been more profitable in recent years, I don't think your target can exceed 7 million yuan!"

"Why don't we talk about how we can cooperate!"

(End of this chapter)