Manhattan Reborn 1978

Southeast Texas, Houston.

[-]:[-] am.

West of downtown, 19 Piney Point Village, Memorial District, Piney Point Village.

The car David was riding in was parked on the street. He said a few words to Mr. Tianniu who was sitting in the passenger seat and the driver One-Eyed Andres, then got out of the car and walked quickly to the door.

in the living room.

Walker Pushk, the eldest son of Senator Pushk, led his little sister Ada Pushk to sit quietly at the side of the living room.

Professor Bartlet, David's mentor, was sitting in the main seat and smiled at the unexpected guest, California tycoon Piro Jan Cherov.

"Look! This guy is late again."

"Hahaha~"

Livlin's father, old Cherov, looked at David with surprise on his face and smiled.

"What? Don't you know me?"

"Um...Hello, uncle!"

Old Cherov watched David "cautiously" walk behind his tutor and teased Professor Bartlet.

"Only you can make this kid behave!"

"Hahaha~" Professor Bartlett turned to look at the "honest" David, smiled and shook his head.

"So you didn't come here just to see me?"

"All!"

Old Cherov adjusted his sitting posture naturally: "After I chatted with him last time, I planned to find another opportunity to chat more~"

"I happened to be in Dallas this time to discuss business, so I stopped by to have a look!"

"Um.."

Professor Bartlett nodded, waved to David who was standing behind him, looked at him sitting next to him "coquettishly", and smiled.

“Texas is the largest oil-producing state in the country!”

"Dallas is the largest crude oil and refined product trading center in Texas."

"Due to decades of brutal mining, the discovered oil fields in the area around Dallas in North Texas and in the Houston area in East Texas have been depleted."

"Only in the Permian Basin of West Texas, there are still huge oil fields with astonishing reserves..."

Professor Bartlet pointed at Walker Pushk, who was sitting quietly in the corner, and smiled.

"His father's oil company owns many oil wells in Midland and Odessa in the Permian Basin area."

"But because in the past few decades, almost all refined oil processing companies and factories were built in East Texas and North Texas, which have better natural environment conditions."

"The newly built oil wells in West Texas in recent years can only transport the extracted refined oil east or north through the densely distributed underground oil pipelines~"

"So, if you divide the entire Texas geographically on a map, West Texas will definitely be the most eye-catching area in the next few decades because of its rich oil resources."

"Dallas in North Texas and Houston in East Texas will develop faster and faster and become popular areas for immigrants in the country!"

Professor Bartley looked at the thoughtful student David, paused deliberately, and then continued.

“More than 100 years ago, Galveston, the barrier island of the southeasternmost city in Texas, was the largest cotton shipping port in the world and the second largest immigration port in the United States before the Civil War due to its unique and superior location close to the Gulf of Mexico.”

“In 1900, a storm that shocked everyone swept through Galveston, causing nearly 6000 people to die or go missing. One-third of the city’s buildings were destroyed by huge waves and storms, causing Galveston to never be destroyed again. The prosperity of the past is gone..."

"So, after people experienced that devastating disaster, they moved to settle in the Houston area, which is closer inland and safer."

"In 1914, Houston dug a 40.22-kilometer shipping channel directly to the Gulf of Mexico and established the Port of Houston. Houston, which was originally just a small inland riverside city, gradually replaced Galveston as an important port."

Professor Bartlet crossed his legs in a relaxed manner and raised his left hand to David: "Houston has developed to this day and has five major economic pillar industries."

"They are: petroleum energy-related industries, medical industry, agricultural products and cotton import and export trade, aerospace-related industries, and many enterprise factories that produce supporting products for the petroleum industry and aerospace industry."

“Until the oil crisis broke out a few years ago, there were thousands of oil and gas-related companies concentrated in the Houston area.”

"Nearly one-third of the listed oil and natural gas exploration companies in the United States are headquartered in Houston."

“Refineries near the Houston area refining and processing refined oil every day account for about 14% of the country’s total refined oil products and more than 50% of Texas’s!”

"So many newspapers and TV media call Houston the new generation...the energy capital of the world!"

"..!!"

David put the briefcase he had been holding next to him, frowned and lowered his head to think for a moment, glanced at his mentor, Professor Bartlet, and turned to old Cherov and asked.

"Do you know how much the total export volume of crude oil and refined oil products from the Port of Houston has decreased in the past month?"

Old Cherov opened his eyes slightly, then immediately narrowed his eyes with a smile, and replied without question: "Last month, the total import volume of crude oil in Texas increased by 2 times compared with last year!"

"hiss!!"

David took a deep breath and asked, "Where does this oil come from?"

"Hehe~"

"Certainly the various oil-producing countries in South America."

"Then...you..."

David only said two words, then simply shut his mouth, his head began to "overclock", and soon his eyes fell on the "melon-eating crowd" Walker Pushk, and asked.

"Hey~ Walker!"

"You are over 30 years old, haven't you ever thought about starting your own company?"

"Um..?!"

Walker, who was already looking for an excuse to "escape", shrugged with a big question mark on his forehead after hearing David's words.

"What do you mean?"

David did not explain to him, but turned to look at old Cherov again, and said with an extremely sincere expression: "Will you invest in us two and open an oil company!?"

"You are the major shareholder, and each of us only needs 20%!"

"Hahahaha~"

Old Cherov and Professor Bartlet were amused when they heard David's "shameless" request.

Professor Bartlett turned his head and looked at his "best" student, and complained unabashedly: "Are you going to take 20% of the shares without paying a penny?"

"Hehehe~" David smiled like an "innocent" child and said, spreading his hands.

"Teacher, you have wronged me!"

"How could I do something with nothing?"

"I personally hold 20% of the shares, so I must provide corresponding funds!"

"Uncle Cherov, what do you think if I offer 200 million yuan?"

"..." Old Cherov looked strange and said nothing.

Walker Pushk, who was sitting aside, couldn't help it, and continued with a slight embarrassment: "Well...I..."

"I can't afford 200 million..."

"Tsk tsk!"

"Hey~"

David covered his forehead with his hands and sighed exaggeratedly: "Walker... Walker!"

"You are really my good teammate! What a good teammate!!"

"...Hahaha~" Old Cherov was once again amused by this "shameless" performance.

He pointed at David, smiled for nearly a minute, and then said, "I have a daughter, do you want to think about it?"

"What?" David immediately approached his mentor, took his arm, and whispered.

"I...want to think about it too!"

"But I already have a fiancée!"

"You don't mind?"

"Hahaha~" Old Cherov smiled and waved his hand, shaking his head.

"You young people can just make your own decisions - I don't care!"

"When I was chatting with Professor Bartlet just now, I heard him mention that you are going to write a research report on interest rate hikes and the foreign exchange market as an observer at the New York Fed today?"

"Uh..." David was stunned for a few seconds when he heard old Cherov's "360-degree" drifting question, then nodded and answered.

“Ever since I went to the Hilton Hotel in San Francisco to attend the celebration reception for the International Fund Clearing System (SWIFT)...”

"I began to pay special attention to the inevitable connection between price fluctuations in the foreign exchange futures market and the monetary policies implemented by central banks of various countries."

"SWIFT's efficient, fast, standardized, reliable and automated communication settlement method has greatly improved the convenience of settlement and payment between international banks."

"The more international banks that join its membership, the closer the link between international foreign exchange rates and national monetary policies will be."

“Until a global financial integration and international system for real-time settlement can be truly realized.”

"Um.."

The old Cherov slowly put away his smile and raised his right hand: "Currently, more than 600 banks have joined SWIFT as members."

"You..." David glanced at his mentor hesitantly, but said nothing.

Professor Bartlet looked at old Cherov silently, thought for a moment and said, "Do you need to bet so big?"

Old Cherov asked confidently: "Do you think I will lose?"

"..." Professor Bartlet also fell silent.

Old Cherov looked at the two teachers and students, stood up and said, "I have to rush back to Los Angeles later, so let's do this for today~"

"Boy, you can tell my daughter Livlin about starting a company when you are ready."

"She'll put the needed funds in and take my place.. Look at you!"

"Okay!" David regained his energy and responded with a smile.

Old Cherov extended his right hand to Professor Bartley: "In a few days, I will come over to discuss a business deal."

"When the time comes, let's talk more!?"

"You are always welcome."

"Hahaha~ok!"

. . .

Old Cherov is gone.

Professor Bartlet stood at the gate, disappeared into the car in the distance, and whispered to David beside him.

"In some ways, you and he are really similar when you were young!"

"Um...is there any?"

"Ok!"

Professor Bartley smiled and glared at David: "You two love to gamble!"

"..Hahaha~"

David spread his hands to show that he was innocent and explained: "I don't like gambling!"

“It’s just that as I learn more about economics and finance, the more I can appreciate the endless fun~”

"Investing in stocks and futures is actually a disguised form of gambling."

"For example: someone wants to invest in the commodity futures market and open a long or short order."

“The moment he decided to open a position, he thought his winning rate was [-]-[-]~”

"But after accurate and rigorous calculations, I found that no matter how this person decides, his final winning rate will not exceed 47%!"

“Even lower!!”

When Professor Bartley heard this number that was accurate to two decimal places, he felt ridiculous and asked with a smile.

"Since you know that the winning rate of investment is uneven, you still let people invest in commodity futures?"

"Haha~ You misunderstood!"

David shook his head, curled his lips and smiled: "I decided to invest in commodity futures, not because I wanted to compete with other investors."

"But after analyzing a lot of data, I vaguely saw its future price trend and the market's punishment for the greedy side of human nature."

"..." Professor Bartley then remembered that David was not only very interested in economics, but also particularly interested in psychology.

He recalled briefly and asked: "Do you analyze and judge the futures market price trend based on prospect theory, regret theory, overreaction theory, overconfidence theory, etc.?"

"Almost~ not entirely."

David glanced around and took his tutor back to the living room. As he walked, he said, "I study risk and decision-making under uncertainty. There are many different types of models."

“Among them, the most commonly used rational choice model is the expected utility theory of wealth developed by Von Neumann-Morgenstern in 1953.”

"This theory provides mathematical axioms and is a standardized model that solves the problem of how people should act when faced with risky choices, and it is also more convenient to apply."

"But in recent decades, the theory has encountered many problems. It cannot explain numerous anomalies, and several of its fundamental axioms have been violated by experimental data. These problems have also stimulated other attempts to explain risks. or the research and development of theories of individual behavior under uncertainty.”

"So by studying knowledge related to prospect theory, I believe that people usually do not think about problems from the perspective of wealth, but from the perspective of winning and losing, and care about the amount of gains and losses."

"Subsequently, we summarized the determination effect, reflection effect, reference dependence and loss effect, which are the four basic conclusions derived from prospect theory."

David and his mentor walked to the old seat and sat down, glanced at the "quiet beauty" Ada Pushk, and smiled at her brother.

"Hi~Walker!"

"I'll help you figure out a way for the 200 million you want to spend~"

"Are you still willing to come with me?"

"..." Walker had a very troubled expression on his face, and shook his head with a wry smile.

"If it were a few years ago, I would definitely agree to you immediately."

"But now, I...I have a family."

"I need to go back and discuss this matter with my wife and family before I can give you an accurate answer."

"Ok~ No rush!"

David patted his mentor's arm and said with a smile: "Anyway, Mr. Cherov will be back in a few days...right?"

"You are such a shameless bastard!"

"Hey! Thank you for the compliment!"

"Hahaha~"

----

new York.

Queens, in an old apartment building next to Sick Park.

Detective Fal Pocchivino of the Auxiliary Police Office, wearing a body armor, squatted at the corner of the stairs between the third and fourth floors, pointed his gun at a door on the fourth floor, and pointed at the CIA beauty beside him. Detective Pamela Landy, asked.

"You go up, or do I?"

Pamela Randy turned her head and glanced at her colleagues behind her and the two FBI agents who came to help, and gritted her teeth and whispered.

"let me try!"

"...Forget it~"

Farr glanced sideways at the people behind Pamela, shook his head sarcastically, took out two strange-shaped long iron pieces from his pocket, and whispered.

"You cover me and I'll open the door!"

"..ok!"

Pamela squatted on the spot and watched Farr gently "climb" up to the fourth floor and insert two long iron pieces into the door lock. .

"click~"

"..."

Farr raised his eyebrows as he felt that he was "overwhelmed" today. He glanced at Pamela, who was already "stunned", and slowly turned his body sideways and squatted against the wall, and opened the door with his hands.

. . .

ten minutes later.

Far Pocchivino stood in the small living room of the apartment and sneered at several handcuffed "drugs".

"You have the right to remain silent!"

"If you don't remain silent, then everything you say can be used in your evidence in court."

"You have the right to have an attorney at trial and to request that an attorney be present during the interrogation.~"

"If you can't afford a lawyer, we can get you one."

“You may request to exercise these rights at any time during the interrogation and not answer questions or make any statements.”

“Are you fully aware of your above rights?”

"..." Several of the cuffed suspects looked up at Farr with blank expressions and said nothing.

Pamela Randy, holding the evidence just collected from a room, frowned and said, "What did you say?"

"Hehe~"

Farr put away his gun, pointed his temple with his index finger, and said cheerfully: "It's nothing~ I've wanted to tell it in full for a long time, but I never got the right chance!"

"Shxt!" Pamela rolled her eyes and turned her head and spat out a curse word. She didn't want to make any comments on Far's sudden "nervous" behavior. .

Ps:

This passage that American police must say when arresting a criminal suspect originates from the 1966 U.S. Supreme Court decision written by Chief Justice Earl Warren in the Miranda v. Arizona case. .

The official name of this passage is: Miranda Warning, also known as Miranda Rights.

That is, no matter where the criminal suspect or defendant is when being interrogated. .

Even if a criminal suspect is caught red-handed by the police at the crime scene, he still has the right to remain silent and refuse to answer.

However, in 1976, Ernesto Arturo Miranda, the "protagonist" of Miranda Warning, was assassinated during a fight in a bar after being released from prison on parole.

When police arrived at the scene, they arrested a suspect.

But after the police conveyed the Miranda warning to the suspect, the suspect chose to remain silent, and the police were unable to obtain other stronger evidence.

So, no one was prosecuted for this.

The suspect who was caught in the bar was eventually freed. .

Bizarre?

Sarcastic, right?

hehe~