My 1999

"What's your name?"

"Michael Barry."

"Please wait."

The front desk secretary called and asked, then hung up the phone.

"Please follow me."

Took him upstairs to Xu Liang's office, knocked on the door and went in.

"Mr. Barry, welcome to Hanhua."

Looking at the man in front of him wearing a hooded sweatshirt, black sweatpants and hiking shoes, with his left eye obviously a little dull, Xu Liang smiled and stretched out his right hand.

"Hello."

Two simple words, nothing more.

Xu Liang didn't think much of it.

After reading the information, he understood the man's past.

Born in 1971, his left eyeball was unfortunately removed at the age of 2 due to cancer, and he has since been equipped with a glass prosthetic eye.

As a result, he was often teased by his peers, and his personality began to become withdrawn.

Many years later, he discovered that he actually suffered from Asperger's syndrome.

This is a kind of autism, which is withdrawn and paranoid, with difficulty in socializing, but extremely devoted and focused on things that interest him.

It is worth mentioning that among this group of people with this disease, many people have high intelligence, and Barry is obviously one of them.

How does that sentence go?

When God closes a door for you, he will open a window for you.

Barry is naturally interested in knowledge about the stock market.

He started to practice in the stock market in middle school.

But his father is a conservative mechanical engineer.

He was told from a young age that the stock market is very dangerous and not to pin the future on gambling and probability.

For ordinary children, such teaching is correct, but it is obviously wrong for geniuses.

However, under the influence of his father, Barry decided to become a doctor.

But interest is like a turbulent hormone, which cannot be turned off.

Barry, who has a very high IQ, studied both economics and pre-medical degrees at the University of California, Los Angeles.

The focus is on economics.

This is obviously a choice based on his own love and interest.

In 1996, Barry became an intern at Stanford Medical School.

The following is a plot that often appears in many financial entrepreneurship novels.

But novels are novels, and people really turn the plot of novels into life.

Although he chose to be a doctor as a career, he would go home to trade stocks after get off work every day.

At the same time, he would also post his stock trading experience on a stock forum called ‘Silicon Investor’.

He would write about his actual trading on the forum, share his ideas and deductions, and Barry’s thinking and trading ability quickly made him a “big V” on the forum with many fans.

From 1996 to 2000, Barry worked during the day and studied financial investment at night, and he had become a professional amateur investor.

The turning point happened in 2000.

Because of long hours of seeing patients during the day and concentrating on studying stocks at night, such a high-load work made Barry exhausted.

Once, on a very important operating table, Barry actually fell asleep while standing, fell headfirst into the oxygen tent around the patient, and was driven out of the operating room by the angry attending doctor.

And in this year, Barry’s father passed away.

His father is the person Barry respects most and his role model of values.

The occurrence of the two incidents made Barry very sad. After repeated weighing, he decided to end his medical career and start the road of full-time investment.

In November 2000, Barry founded Sion Capital, and the company's name was taken from his favorite book "Descendants of Sarana".

It is worth mentioning that Sion Capital's investors are basically fans of his forum.

Even if it is not the earliest, it is a very early version of the Internet fan economy, no, it should be said to be a financial version.

The next is Sion Capital's shining moment.

In 2001, the Standard \u0026 Poor's fell 11.88%, and the Sion Capital Fund rose 55%.

In 2002, the Standard \u0026 Poor's fell 22.1%, and the Sion Capital Fund rose 16%.

In 2003, the Standard \u0026 Poor's finally rose 28.69%, and the Sion Capital Fund rose 50%.

By 2004, Sion Capital's capital scale reached 600 million US dollars.

"Please sit down."

"Thank you."

After sitting down on the sofa in the reception area, Lu Hui served tea.

"Mr. Barry, I have always admired excellent people and hope to work with them to create more value for each other.

In my opinion, you are a genius in financial investment, with talents that are difficult for ordinary people to match."

No one doesn't like to hear good words, especially from Xu Liang, a successful financial tycoon.

Michael Barry smiled on his stiff face.

"Thank you very much for your affirmation."

He is not good at speaking and can't pile up gorgeous words.

Xu Liang smiled and said, "I heard that Sean Capital has encountered some difficulties recently?"

Michael Barry's face turned ugly.

Recently, he found that the US subprime mortgage market has developed to a crazy level, so he wanted to short subprime bonds.

But as Xu Liang found out before, subprime bonds cannot be shorted directly, and must be betted through credit default swaps.

What Michael Barry wanted was to clear all the positions of Sean Capital and invest all in credit default swaps for subprime bonds.

But his strategy was strongly opposed by almost all investors.

Because the U.S. real estate market has never seen more than 6% of supply cuts in the past half century or so.

No one believed his theory that the U.S. housing market would collapse.

I just feel like this damn guy has gone crazy.

So after the two parties communicated several times and broke up, Thain Capital’s investors began to withdraw their capital.

Xu Liang saw the change in his expression and smiled.

"If Mr. Barry doesn't mind, Hanhua can invest US$1 billion in Thain Capital, and we will also support your investment in real estate subprime debt credit default swaps."

Michael Barry was stunned for a moment.

"Mr. Xu is not optimistic about the U.S. subprime debt market either?"

Xu Liang nodded and said: "Now home finance companies and banks have begun to issue housing loans to homeless people on Eighth Street. Anyone with a normal IQ knows that these people cannot afford a house.

It’s just that everyone is indulged in a game of drumming and passing flowers, and they all think that they will not be the unlucky one.

But countless historical experiences have proven that most people will die miserably in this fool's game. "

Michael Barry's eyes lit up, and he felt like he had found a soulmate.

"Mr. Xu, Hanhua is also shorting U.S. subprime mortgages?"

"Not yet, now is not the time."

"Why?"

"Mr. Barry, everything needs a process from its beginning to its collapse. The current subprime mortgage in the United States has just entered the edge of madness and is far from being destroyed.

Therefore, it is a bit early to enter this market now. The second half of next year or the first half of 2006 is more appropriate. "

"In that case, why are you still investing in Thain Capital?"

“Because I admire your talent and don’t mind bearing losses for a few years.

And there are many smart people in this world, and I don’t want my hesitation to give others an advantage. "Xu Liang said with a smile.

"You're very candid."

"Time is precious, and candid communication can save each other valuable time and energy and improve the efficiency of investment."

After a pause, Xu Liang continued with a smile.

"If Mr. Barry doesn't mind, Hanhua can make additional investment in Thain Capital and acquire 30% of Thain Capital's shares. At the same time, I can also guarantee you that there will be no interference in Mr. Barry's investment strategy."

The favorable conditions made Michael Barry instantly excited.

"Mr. Xu, I need to think about it before I can give you an answer."

He is a cautious person. Although he agreed in his heart, he still wanted to calm down and reconsider the gains and losses.

"Of course. You have plenty of time to think about it."

"Thanks."

"You are welcome."

After taking Michael Barry to visit the North American office area of ​​Hanhua, Xu Liang sent him away.

After watching the car drive away.

"How's it going at Qiandian Partnership?"

Front Point Partners is also a company similar to Thain Capital that is preparing to short U.S. residential mortgage loans.

"Steve Eisman has said yes."

"1 billion US dollars, 30% shares?"

"Yes."

Because Qiandian Partners and Thain Capital are both hedge funds, they are different from Thiel Fund, Capital Today, and H\u0026H Investment, which was just established by Duan Yongping.

The latter three are all venture capital funds or private equity funds, and the hedge fund department is operated by Hanhua itself.

The first two are only responsible for investing money, not for management.

Xu Liang nodded slightly and thought to himself.

"There are already five."

However, compared with the astonishing profits during the subprime mortgage crisis three years later, the five white gloves were still a little less.

"It doesn't matter, I still have enough time."

——

The weeping low moan finally calmed down after a muffled groan.

Xu Liang looked at the two women lying on the bed, like fish that had dehydrated and landed on the beach, with only breathing left. After exhaling with satisfaction, he carried them into the bathroom one by one.

After cleaning up, I went to bed and lay down.

Fukuda Shinmei still had her legs together and her butt raised, feeling the rhythm of life.

Nagasawa Masami, who gradually got used to Xu Liang's size, had a pretty face flushed with satisfaction.

Holding the two mermaids in his arms, his large, rough hands ran across the shiny brocade-like skin and rubbed the plump silver basin, filling his heart with a deep sense of satisfaction.

Jingle Bell…….

The cell phone on the bedside table suddenly rang.

Xu Liang took it over, took a look, and pressed the answer button.

"Mr. Xu, Morgan Stanley CEO Mr. Dudley and Goldman Sachs CEO Henry Paulson have arrived in San Francisco at three o'clock this afternoon and are currently staying at the Waldorf Astoria Hotel.

When do you schedule them to meet with you? "

Lu Hui's voice came from it.

"Tomorrow at 9:30 am, the meeting location will be at the headquarters of Hanhua North America Branch."

"OK."

"Also, Mr. Michael Barry of Thain Capital called and said that he was willing to accept an investment of US$1 billion from Hanhua, but he was only willing to sell 20% of Thain Capital's shares."

"Promise him and let Lin Junrui sign the contract with him for me."

The size of Thain Capital's shares doesn't matter to him. The key is that this white glove that suits his investment direction is valuable.

"OK."