My 1999

Anger appears frequently on the faces of Larry Ellison and Paul Singer. They are both conceited and arrogant people.

Being slapped in the face in public will certainly not make you feel at peace.

But as successful people, they can also control their temper at critical moments.

Larry Ellison took a deep breath.

He suppressed the urge to rush over and smash that disgusting face.

"John, when you first got involved, you promised to help us."

John Thornton smiled and said: "Of course I will help you, otherwise how would you know the amount and direction of Xu Liang's investment?

This is key information that can affect the success or failure of an investment. In order to obtain it, Goldman Sachs paid a huge price.

These are the help we give you. "

"Since it's help, why do you need to collect money?" Paul Singer said coldly.

"Of course you have to collect money. The ordinary employees within Goldman Sachs who are responsible for collecting information have put in a lot of energy. They don't know the inside story of collecting this information. They just want to add a performance to themselves and get more bonuses and income.

In order to avoid causing their dissatisfaction and commotion, of course we have to charge money. "

After a pause, John Thornton smiled.

"You don't want to make the internal employees of Goldman Sachs dissatisfied and leak your information because of this little money, right?"

These people want to get rid of Goldman Sachs, and he will certainly not be polite.

Seeing John Thornton, who had made it clear that he would not die personally, Larry Ellison was extremely angry and dissatisfied, but he had to give in in the end.

Goldman Sachs couldn't be manipulated by him, and he didn't want the plan against Xu Liang to be leaked this time.

Seeing that the atmosphere between the two parties was tense, Howard Eisen, who rarely spoke, spoke.

As Oracle COO, his responsibility is to provide Larry Ellison with the information.

"John, of course we want to continue to cooperate with Goldman Sachs, but if you don't pay a penny, it will be difficult for everyone to trust you. After all, we are also afraid that Goldman Sachs will secretly sell us to Hanhua."

Wall Street has always been a two-way business.

John Thornton looked at the serious people. Although he was not afraid, he did not want to offend giants such as Oracle, Quantum Fund, Elliott Management Company and Washington Mutual Aid if it was not necessary.

After pondering for a moment.

"This time Goldman Sachs invested US$50 million."

"John, everyone here has invested more than 1 billion US dollars, but your Goldman Sachs only has 50 million US dollars? Do you think it is appropriate?" Paul Singer said.

"Humph, the 50 million from Goldman Sachs is our own funds, and the 3 billion invested by Elliott. Do you have a penny in it?"

Hedge fund money is all private equity.

The essence of private equity is to use other people's money to make money for yourself.

"Elliott itself is a hedge fund." After a pause, Paul Singer said calmly, "And I remember that Goldman Sachs also has a private equity business."

"Goldman Sachs' private equity business mainly deals with private equity, and there are no hedge funds." After Shen Sheng finished speaking, John Thornton said coldly, "I have already given in. If you are still not satisfied, then just pretend I didn't come today. Pass."

Everyone exchanged glances, but Larry Ellison didn't speak out of shame.

However, Howard Eisen, who had known him for many years and assisted him in managing Oracle, understood what he meant from his eyes.

Smiled.

"John, now we are a strong unit."

John Thornton breathed a sigh of relief.

Although he is not optimistic about this investment, he does not want to leave.

Not to mention anything else, such a large investment, just information, platform and financing support, can make the department he leads make a lot of money.

Excellent performance was also a key factor in defeating his archrival John Thain and taking over Goldman Sachs.

Cooperation details were finalized.

Everyone began to study detailed investment strategies.

"The investment of Hanhua Kunpeng Fund is not limited to the 'High Sulfur Fuel Oil Futures Contract' and 'Dubai Crude Oil Futures Contract' listed in Singapore. They also have transactions in Brent Crude Oil and West Texas Intermediate Oil, but I just don't know The specific number." John Thornton said.

They can trace Hanhua's fundraising path, but it is difficult to trace Hanhua's investment path.

After all, there are hundreds of vests around the world, and they are scattered on the platforms of dozens of investment banks around the world. Even with the power of Goldman Sachs, it is impossible to find out the specific share.

Larry Ellison and others couldn't help but frowned.

I originally thought that Xu Liang would only invest in Singapore’s crude oil futures, but I didn’t expect that he would cast a wider net.

"The trading volume of Brent crude oil and West Texas Intermediate oil is too large. With the amount of funds we have, we can influence the oil price within a few weeks, but it will be difficult over time." Alexander Soros said.

Oil futures are a global trade, and many people buy them.

Although there are millions of hands a day, as long as they affect the price of some of them and create scarcity, the price of oil will rise accordingly.

But with nearly 30 billion U.S. dollars of transactions a day, if you want to create scarcity, you need to buy at least 20% every day, which is 6 billion U.S. dollars.

That’s $42 billion a week.

A ten-fold leverage would require $4.2 billion.

With the amount of money they have now, it can last up to two weeks.

Of course, this is just a theoretical concept.

In actual practice, it is impossible to only buy so much in one day.

When it gets serious, it might be possible to spend 10 billion U.S. dollars in one day.

It is also possible to buy nothing for a penny a day.

Plans and changes are definitely different.

“If we want to defeat the opponent, not only capital, but public opinion is also very important. We can mobilize familiar media to hype up the news of falling oil prices.

This can produce the effect of one plus one being greater than two. " Paul Singer said.

"Hanhua also has many public opinion channels. They are Yahoo's major shareholders, and Hongmeng's portal business has influence throughout Asia and even has a certain influence in Europe." Howard Eisen said.

"Haha, these channels can only influence ordinary people. I am talking about Fortune, Bloomberg and the Wall Street Journal, which are the top financial media that can influence financial elites." Paul Singer said.

As a financial giant, he has a good relationship with these media.

Of course, Goldman Sachs has a greater influence on these media.

Larry Ellison obviously also understood, "John, the media needs Goldman Sachs to come forward."

"No problem, but you have to provide funds." John Thornton said directly.

Larry Ellison's expression changed, and he wanted to get angry, but suppressed it.

I cursed in my heart.

"Damn Wall Street Grandet, his eyes are full of money!"

Compared to him, Alexander Soros, Paul Singer, and Carey Killinger looked much more normal. They were all people in the financial circle, and they were very clear about the virtues of their own people.

When it comes to greed, Paul Singer, the world-famous vulture fund boss, is no worse than John Thornton.

“Everyone, since it is difficult to short global oil futures, can we only short Singapore’s ‘High Sulfur Fuel Oil Futures Contract’ and ‘Dubai Crude Oil Futures Contract’ as previously discussed?

Less capital is required and we can last longer. asked Howard Eisen.

Singapore oil futures trading accounts for only one-tenth of the global market.

It’s only about US$3 billion every day.

20% is $600 million.

That’s 18 billion U.S. dollars a month, and only 1.8 billion U.S. dollars is needed under ten times the leverage.

In this way, they can last for several months.

"If the main force of Xu Liang's investment is in the Singapore futures market, of course there is no problem for us to do so. But with such a large amount of funds and the Singapore market being too small, it is impossible for the main force of his investment to be here.

There is a high probability that Brent crude oil and West Texas Intermediate oil are his main investments.

If we use the Singapore futures market as the main attack point, even if he loses part of his funds here, if he makes money in other markets, he may not only be able to make up for the loss in the end, but also make more. "Alexander Soros said.

"John, can't Goldman Sachs determine Hanhua's relatively accurate investment path?" Howard Eisen couldn't help but ask.

John Thornton shook his head.

"Unless we can convince dozens of the world's top investment banks and securities firms and get a list of all shell companies related to Hanhua, we won't be able to figure it out at all.

Moreover, the struggle between us and Hanhua is best ended within one month, not more than two months. "

Hearing this, Larry Ellison, who had never spoken, couldn't help but said: "Why?"

"Although Washington has not yet made up its mind to use force against Iraq, discussions on this aspect have never stopped. Moreover, organizations such as Ares and Tomahawk have been lobbying Congress to use force against Iraq. Although there is no result yet, no one has We know when Washington will change its attitude.

Therefore, this dispute over oil must not be prolonged. " John Thornton said.

"These damn warmongers, they've swallowed all the country's money." Larry Ellison said angrily.

At his current position, it is of course clear that lobbying organizations such as Ares and Tomahawk are supported by military industry giants.

Seeing him angry, John Thornton's eyes flashed.

The use of force against Iraq is not just the idea of ​​​​the military industry giants. In fact, the Federal Reserve is also behind it.

Because the federal funds rate fell, liquidity increased, and there were too many dollars in the market.

It is impossible for all of this money to be absorbed in the United States.

Letting the world pay the bill is Uncle Sam's proudest financial skill.

As long as you pay some green paper, you can get the wealth that other countries have worked hard to accumulate. It is simply amazing.

But getting other countries to willingly hand over their wealth also requires certain skills.

You definitely won't be able to do it forcefully. The rich Japanese boy has already harvested a lot of money, and he hasn't even gotten up yet.

Asia, which has been raised for decades, also harvested a wave of crops in 1997, and it can't produce much oil anymore.

A certain big country in the east and the third brother in the south are not easy to handle at will.

Therefore, the best solution is to raise oil prices too high.

Because oil prices are linked to green paper.