Reborn Financial Overlord
Page 507
It can be said that Buffett has created a miracle of long-lasting investment history, and he is well-deserved as the fifth-generation stock god.
And all of this started when Buffett acquired GEICO with his unique vision.
The full name of GEICO is the Government Employees Insurance Company. It was founded in the 40s and mainly engaged in the auto insurance business for government employees. After Graham's clever management, the Government Employees Insurance Company developed rapidly and became the first in the United States in more than ten years. The top five auto insurance companies had a market capitalization of more than one billion dollars at one point!
It’s just that during the oil crisis in 1976, Graham had long since left GEICO as the chairman and died that year. GEICO’s management made a series of mistakes in the assessment of insurance claims costs. As a result, the company's claim settlement costs increased significantly, and GEICO fell into a loss and was almost on the verge of bankruptcy.
It was at this time that Buffett took action, using Berkshire Hathaway to intervene to buy GEICO's stock from the market.
It took a full four years for Buffett to complete the act of swallowing elephants, swallowing 8000% of GEICO's 20.00% of the equity of GEICO with a market value of less than [-] million.
It is precisely because of this that Berkshire Hathaway has achieved a transformational expansion, and its market value has expanded several times.
Aside from Buffett borrowing his father's identity, this is undoubtedly a superhuman investment vision.
Therefore, when the host called out the pocket watch donated by Buffett, the guests around took a look at Buffett himself, and some couldn't wait to raise the auction cards in their hands.
"Ten thousand. I'll offer ten thousand dollars."
A fat man with a big belly held up a sign and his neck turned red and shouted loudly, his agitated appearance seemed to be no one else.
But unfortunately, no one bought his account. Immediately afterwards, a middle-aged man also raised the sign in his hand.
"Twenty thousand. I'll give twenty thousand dollars."
"Thirty thousand. Thirty thousand dollars from me."
"..."
"Fifty thousand. Fifty thousand dollars."
Maybe it's because you want to get a taste of the stock god's good luck, or you want to taste the stock god's taste through the auction, or you want to take the opportunity to please the stock god to get some investment favor.
In just a few minutes, the ordinary pocket watch with a reserve price of one thousand dollars rose to fifty thousand dollars, making one wonder whether the pocket watch being auctioned was made of gold.
Listening to the price increase of tens of thousands of dollars each time, the fierce and tense competitive atmosphere made Luo Wayne clenched his fists, enduring the anxiety and irritability of his heart beating wildly, he came to this auction except feeling There's a bigger reason that it's in Apple's better interest to back Clinton for president.
That is, to get Warren Buffett's attention, to find a lifeline for Apple's near-bankruptcy finances.
It took a lot of effort for Wayne to inquire about the news that Buffett would come to this banquet from his friends. For this, Wayne made a lot of preparations, hoping to win the lot donated by Buffett in one fell swoop.
In this way, Buffett can pay attention to him, and he can also use this as a reason to try to visit Buffett.
But now, every price increase is tens of thousands of dollars. It seems that there are a lot of people with their own goals. According to this situation, the money I prepared may not be able to win the auction at all.
"One hundred thousand, one hundred thousand dollars! NO.18 online bid is one hundred thousand dollars."
"12."
The bid went from 12 US dollars to [-] US dollars. As the host, Lian En was also very excited. She excitedly shouted into the venue:
"Mr. 22 offered $12, is there any more?"
It may be that the price has soared to this level, exceeding many people's expectations. After all, the premium of more than 100 times has a strong psychological level gap.
The number of bidders gradually decreased, and there were no new bidders for a few seconds.
This is undoubtedly a good opportunity.
Luo Wayne held back his excitement, quickly raised the sign in his hand, and shouted: "20 US dollars."
"Oh. My God. Mr. 35 offered $20. He's so generous."
"Are there any other bids?"
$20 for an ordinary pocket watch is an idiot by any measure.
Many people looked at Wayne, and had to press down on the idea of continuing to bid. This amount of money is not a joke, it is enough to buy a luxury house and a few Mercedes-Benz cars.
It's not worth it just to get lucky, or to be glanced at by Buffett.
"$20 million a time."
On the stage, Lian En showed a beautiful smile, picked up the hammer and counted down.
Even if she is also a celebrity, she is shocked by the prodigal behavior of buying an ordinary pocket watch for 20 yuan, only a fool will pay a higher price.
"Warren. What do you think of this dinner tonight?"
In an unobtrusive location, Soros smiled at Buffett, but the seemingly unconscious question contained too many meanings.
Buffett smiled without saying a word, and shook his head slightly, as if blaming Soros for his aggressiveness.
He knew very well that Soros actually said this to Shen Jiannan.
Of course, Shen Jiannan could hear it, but Soros's joking tone was not enough to make people angry. In this big dye vat full of intertwined interests, it would be really weird not to do something.
"$20 twice."
Following Lian En's cry, Shen Jiannan raised the sign in his hand and shouted relaxedly: "One million dollars."
Like a bad kid, Soros showed a successful smile on his face, and Buffett gently stroked his forehead, as if he was a little ashamed to be so lively at his age.
But for the guests around, they were shocked.
100 million US dollars.
This number made the noisy hall quiet, and everyone's eyes were on Shen Jiannan. Even Lian En, who was acting as the host, was frightened by this number and forgot to shout for a while.
Buying an ordinary pocket watch for $100 million, is this guy out of his mind?
Finally, someone came back to his senses.
"Who is that? It seems to be Japanese."
"I seem to have seen him somewhere, but I can't remember it at the moment."
"He stood with Buffett and Soros, I think, I'm afraid it's not ordinary people."
"Oh. God, isn't that the devil from the East. How could he be here."
"..."
"One million dollars at a time, if I can win his favor, it will not be in vain tonight."
"......"
The United States is not Europe after all, and this era is not the era of Internet information explosion after all.
Looking at Shen Jiannan's young face, many people were guessing his identity.
The gentlemen were shocked by his lavish spending, the ladies were shocked by his youth and handsomeness, and the girls were shocked by the figure of 100 million US dollars, wondering how to get close to this young and rich man. regal.
And some people who have seen him in the newspapers are not sure if they are seeing the bastard who made Europe go crazy.
Of course, some people recognized Shen Jiannan's identity, but intimidated by the bodyguards standing around in that circle, no one was stupid enough to make any publicity.
But for Luo Wayne, everything is simply terrible.
This bastard who jumped out of nowhere kicked him into the ditch just when he thought everything was going well.
Goddamn bastard!
"100 million dollars a time!"
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Chapter 62 Pekingese Spine
On the host stage, Lian En, who had regained her senses, gave an exaggerated commentary with excitement, looked at Shen Jiannan with winking eyes and affection, and started the final countdown to the bidding.
And in her enthusiastic attitude, the surrounding guests also gave the warmest applause to the sky-high price of 100 million US dollars.
Although some people saw Shen Jiannan standing with Buffett and Soros, this exaggerated price is likely to be just a business bragging between rich people.
But $100 million, such a large sum of money for a pocket watch that can only be regarded as a decoration, is enough to be envied, respected and admired.
There are no surprises.
Lian En counted down three times, and the pocket watch was assigned to Shen Jiannan's name.
Because of this, Shen Jiannan instantly became the focus of the audience.
This is the banquet's first million-dollar deal.
The most surprising thing is that he turned out to be a yellow-skinned Oriental.
clap clap-
It seemed that Americans' prejudice and discrimination against people of the yellow race had disappeared. When the waiter respectfully walked up to Shen Jiannan holding the box, the audience burst into applause.
Lian Enmei did not lie.
It is indeed an ordinary pocket watch. If there is any difference in value, it may be that this pocket watch was used by Buffett.
Shen Jiannan nodded politely to the surroundings, picked up the pocket watch in his hand and played with it.
"This pocket watch looks old. I think it must have been made by everyone."
"Oh. Yes. My great-grandfather left it to me. I didn't expect you to like it so much."
Buffett said with a smile, but unlike the superficial smile when we first met, the smile on his face now looks more sincere and soft, and also has a touch of intimacy and kindness.
Shen Jiannan auctioned the pocket watch he donated at such a high price, no matter how you say it, it is his recognition, praise and respect.
No one's money is picked up from the ground, is it?
What's more, Shen Jiannan is an international financial tycoon, his 100 million US dollars is not just 100 million US dollars.
"Oh, Warren. I'm probably going to be ashamed of your watch for a million dollars."
Soros said along with the fun.
There is a bit of ridicule in the tone, but also a bit of provocation and not convinced.
Because Soros has always regarded himself very highly. In addition to leading the Quantum Fund in global speculation, he has always been the person who has donated the most in the global charity industry.
But tonight, the pocket watch donated by Buffett actually sold for a sky-high price of 100 million US dollars, which is undoubtedly a big hit.
Nobody cares, the real reason for this.
But it is conceivable that when the newspaper is published tomorrow, someone will say: Warren Buffett has donated a pocket watch worth 100 million US dollars.
Regarding Soros's half-truth and half-fake ridicule and displeasure, Shen Jiannan smiled and said nothing. In the world of capital, whoever takes some things seriously is a fool.
Buffett smiled wryly and said, "George. I don't think so."
The pyramid structure of human society keeps people of different levels in different circles.
Buffett, Soros, and Shen Jiannan played their wits like riddles outside the aloof, while the guests around them all focused on the three of them.
America is a big place.
It's just that the circle of rich people is not big.
Anyone can imagine the benefits of being involved with people like Soros and Buffett.
Isn't the purpose of attending the banquet to get to know more of such big shots?
But unfortunately, in the circle of the three of them, there is an obvious barrier, which cannot be integrated into by outsiders.
Of course, this does not affect what outsiders talk about.
People who can stand with Buffett and Soros, and can easily throw 100 million US dollars, are by no means ordinary people.
"Stephen. Do you know who that guy is?"
In a relatively remote and unobtrusive corner, Luo Wayne endured the irritability and unhappiness in his heart, and asked his friend about Shen Jiannan's identity.
To be honest, he was really uncomfortable, and there was still a trace of anger.
Since Berkshire Hathaway cannibalized GEICO, its capital has been increasing. Therefore, Buffett began to look for many potential companies to invest in.
As a technology company on the GEM, Apple is easily favored.If he can get close to Buffett and describe the company's future, Wayne believes that with Buffett's influence and insight in the financial market, it may be able to bring about a turnaround for Apple's current dire situation.
But now, this opportunity has been ruined.
That bastard who came out of nowhere, unreasonably ruined his plan.
"My God. You don't even know him?"
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