My Age of Investment

   Chapter 1262 Keepers

   quickly sorted out his mood, Jiang Ping continued to report his work as usual.

   "From January to now, the three major indexes have fallen for two consecutive months.

   Our team has not given up tracking and researching the three major stock indexes while raising new funds.

  We judge, it's over!

  As companies successively released their annual reports for last year, all the bad news has been exhausted, and the U.S. stock market will soon rebound.

   Our team’s opinion is to go backhand long along the lines of last year.

   I bought a triple short ETF last year and a triple long ETF this year.

   Shorted stock index futures last year, and long stock index futures this year.

   The financial instruments used are the same, but the investment direction is diametrically opposite. "

   Seeing Jiang Ping, who was like nothing so quickly, the executives of the meeting were secretly amazed.

  Looking at the boss again, a smile finally appeared on his face, as if to say that this should be done and always keep an enterprising heart.

   "Are you in touch with Goldman Sachs and Morgan Stanley? Are they still willing to give us leverage?"

   Added leverage again?

  The executives looked strange, they knew why the boss's nickname on Wall Street was "whale".

  Jiang Ping nodded and said: "We have already contacted, and they agreed to continue to sign the total income swap agreement with us.

   However, from last year to now, the hedge fund industry has suffered a devastating blow.

   Countless hedge funds were liquidated and opted out of the arena.

   If we want to accumulate enough long positions, we must have enough institutions to compete with us.

   At this stage, I am afraid that few people will choose to short the stock index.

   More is to choose to respond to the call of the government, the market, and Buffett, and enter the market to buy dips together. "

  Xia Jingxing nodded lightly and sighed in his heart, Jiang Ping was telling the truth, it is indeed a bit difficult to replicate last year's profit miracle.

   At this stage, apart from hearing that Peter Thiel intends to short U.S. stocks, he has not heard of anyone else having the guts.

   "Then what is your opinion?" Xia Jingxing looked at Jiang Ping.

   "Because financial derivatives cannot match enough counterparties, they can only be reduced to auxiliary long-term tools in investment portfolios.

   The main focus is to invest in the individual stock market!

   Financials in particular, which took a hit last year, must be the biggest gainers if they rebound this year. "

Speaking of this, Jiang Ping used the PPT controller to call up another set of pictures, pointing and saying: "This is the stock price chart of Citibank. The stock price fell from $50 at the beginning of last year to $20 when Lehman fell, and after that all the way down.

   Three days ago, the stock price hit a record low, falling below $1, and the lowest was $0.97. "

  Xia Jingxing looked at Citibank's K-line chart that was going down all the way on the screen, and smiled: "Many people who want to hunt for the bottom should be scared by Citibank's stock price performance."

  Jiang Ping replied: "In September and October last year, a group of people who were expecting the government to bail out the market rushed in and bought Citibank at $20.

   After that, as Citibank's stock price fell all the way, some people entered the market all the way.

   has now fallen below $1, but no one dared to enter the market. "

  Xia Jingxing couldn't help but think of his old friend Peter Thiel, who started to buy US stocks last year.

  Because of the failure of bargain hunting, I started shorting again not long ago.

   For the sake of the other party's transfer of US$10 billion in assets to Vision Capital Management, Xia Jingxing kindly reminded him a few words.

  But Peter Thiel has gone crazy and insisted on making a last-ditch effort.

   If you lose, you will quit the hedge fund arena, and if you win, you will turn around.

   Good words are hard to persuade the damned ghost, so Xia Jingxing had no choice but to let it go.

   "No problem, the newly raised funds are worth a total of 35 billion US dollars. After adding leverage, all the more than 100 billion US dollars of funds can be used to buy the bottom.

   Don't wait any longer, get in now! "

After    received Xia Jingxing's final authorization, Jiang Ping also squeezed out a smile.

   was criticized by Xia Jingxing just now, which made him feel embarrassed at first.

   But after careful reflection, he found that he did have a problem, and a big problem.

   As a fund manager who has earned more than 40 billion US dollars, ordinary investments of hundreds of millions and billions of dollars seem to have no interest in him.

   The counterparty is like a fool, just dig a hole and wait for someone to jump in.

   There are many similar problems, but to sum it up is one sentence: underestimate the heroes of the world.

   This kind of change, if Xia Jingxing didn't point it out, he actually didn't even notice it.

   What he is most worried about now is that the various middle-level staff and trading teams below will not have similar ideas, right?

   A word suddenly popped up in his mind, it works!

   Even the leader himself looks down on his counterparties in various trades, how can he expect the lower levels to pay attention to his opponents?

   This kind of contempt for counterparties is reflected in work. It may be a report that should have been investigated for a month, but it was written by an analyst in a few days.

   Then the report was handed over to the middle-level leaders. They felt that the problem was not too big, and they were too lazy to verify and revise it, and handed it directly to themselves.

   And he was also paralyzed and directly quoted the data and conclusions in the report to form investment decisions, which eventually caused huge losses for the company.

   This kind of top-down negligence made Jiang Ping shudder thinking about it.

   Therefore, Xia Jingxing is now setting an example and criticizing him, and he has a little more understanding and different feelings.

  Trading is no trivial matter, it is easy to make money, and it is easier to lose money.

  Xia Jingxing didn't care what Jiang Ping thought. If the employees couldn't even accept the boss's correct criticism, it was not worth his enlightenment at all.

   "Our team also chooses to continue to execute the stock strategy, focusing on multiple stocks."

   Seeing Xia Jingxing swept over, Liu Hai hurriedly reported.

  As a person supported by Xia Jingxing, Liu Hai has always behaved very modestly and cautiously.

   He knew that his talent was not comparable to Jiang Ping, or even Li Yaozu and Ye Shuhui who joined later.

  Jiang Ping was already a star trader of Lehman Brothers before joining Envision Capital.

   And he was just a second-rate college graduate who was not in the middle of the stockbroker.

  Being able to have the current high position and wealth has always made him feel quite frightened, and there is an unreal feeling.

   In order to repay Xia Jingxing and to reassure himself, while he worked hard to learn and improve himself, he had a meticulous attitude towards all the work he handled, for fear that something might go wrong.

  Xia Jingxing nodded towards Liu Hai, although the latter was not very talented, he still had no problem doing some stupid work.

  What is stupid work?

   is to buy some stocks of Amazon, Google, and Netflix. If the stock price falls, continue to buy, amortize the cost of holding positions, and make long-term value investments.

  Although Liu Hai also went for a walk in the individual stock options market last year and made a lot of money, he was mainly blessed by the general trend.

  If it was a normal period and the market was fluctuating, Xia Jingxing was really worried that the bangs would not work.

   However, Liu Hai has also experienced so many years in Wall Street, and his skills have grown a lot.

   The work handed over to Liu Hai is basically completed, and the other party is the head of the stock department, and he is still qualified and competent.

   Just expect him to come up with some amazing operations, it may be a bit difficult.

   But this is not only a disadvantage of bangs, but also a major advantage.

  People's abilities are not so strong, they will not be overconfident, and then have uncontrollable ambitions.

   In the future, Xia Jingxing intends to hand over the family office to Liu Hai to manage, and the most important requirement of the family office for the person in charge is loyalty.

  Larson's personal ability is actually not that strong. He has helped Gates manage his assets for decades, and abruptly managed Microsoft's equity assets of $500 billion or even trillions of dollars into $100 billion.

   But Gates still trusts Larson, and leaves all the family affairs to the other party.

How did   Larson do all this?

   This is because he has been playing the role of a loyal retainer.

   involves housework and all kinds of private privacy, and those who are capable but unfaithful are absolutely afraid to use it.

  If Larson is determined to do things, there may be a big news about Gates dating a female employee by now.

   (end of this chapter)