Wall Street Legend

The hedge fund industry is undoubtedly chaotic.

Some people have gone from being poor to becoming enviable billionaires, and there are also billionaires who have become ordinary people because of a single mistake.

Wall Street is a vanity fair that pursues money. Speaking of which, Ye Dongqing also made his fortune there, but now he is doing a legitimate business. Before the tax period ends in March and April every year, he has to pay a lot of taxes and fees. Many hedge fund bosses often die because of money.

The main reason is insider trading.

After all, there is only one Ye Dongqing. Unless there is a stock market crash, it will not be so easy to win over Zhongbao. Insider trading has become a kind of unspoken rule in this industry. From time to time, you can hear that a company has been criticized by the Securities and Exchange Commission because of this. As for punishment, the boss was also taken away by people from the NYPD or FBI, and it will take several years or more than ten years before he can be released.

Not many people are as hot-headed as Mr. Bernard Madoff Sr. and dare to play scams. Hedge fund bosses prefer to use rules to make money. Even if they don’t get profit commissions after losses, isn’t this because they still have to pay quarterly payments? What about management fees?

Ever since the Internet bubble burst and trapped a large number of investors, hedge funds have suddenly become popular. Currently, some hedge funds have managed tens of billions of dollars in assets. The management fees and commissions made Ye Dongqing jealous and he lost money. You don't take risks, and you can get commissions and management fees when you help make money, which is quite suitable for Ye Dongqing.

In the past, those industries had not changed much, and little results could be seen within a few years. Mr. McCord happened to make suggestions, which Ye Dongqing found quite challenging.

The storm of Bernard Madoff's fraud case has long passed. The old man reached a settlement with the prosecutor. Since no one lost, the fine was waived and replaced with a full four-year sentence. If he is lucky, he can be released from prison early in two or three years. , currently staying in the most luxurious prison in the United States, enjoying the sunshine and wine of California.

Originally, Ye Dongqing was going to give his son Mark Madoff a chance, but unfortunately this guy failed to live up to his expectations. The father-in-law had taken all the blame on himself, but he failed to recover. It is said that he became an alcoholic and could not even pay for the drinks. Since then, it has even appeared in the newspapers and made a joke.

This has nothing to do with Ye Dongqing. He has already filled up a large amount of losses on his behalf. For this reason, some investors of Tamsui Investment Group were unhappy. If the investment had not brought more returns, the couple would have been almost killed. The father and son were dragged into the water, which is considered to be the end of their benevolence.

Without thinking about it for long, he asked Mr. McCord to arrange for help to form a new company in his own name, called Leo Hedge Fund, and allocate US$20 million from Freshwater Investment Group as start-up capital.

As for attracting the first batch of large private equity clients, I plan to wait until the company is established before handling it. I believe there will probably not be any big problems. The investment performance is there, and people are willing to believe in successful people...

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Life credo?

This... is probably a sentence I've read before: Don't live a life of mediocrity, and comfort yourself that being ordinary is valuable.

I think everyone should strive to pursue a better life, realize the value of life, and give themselves, their parents, their wives and children, or their husbands and children a more comfortable life. Perhaps because of cultural concepts, I think Walden The kind of life described by the protagonist in Lake is cool, but not everyone can learn it. Both spiritual pursuits and material pursuits must be present.

Ye Dongqing is sitting in front of the camera at the moment, accepting an interview with the British BBC TV station in a serious manner. He has agreed to take on the documentary program and show people part of his life. A total of three million pounds of remuneration will be donated in his name. To five churches in Brooklyn, New York, to relieve homeless people and distribute food and clothing to them.

The reputation of the BBC TV documentary is pretty good. There are no regulations and it is just about showing off your wealth. According to the director, he seems to want to show the public something deeper, spiritually. If you want to be richer, you might as well go directly to Larry. Photographed by Mr. Ellison, or the king whose family owns hundreds of luxury cars.

So what you're saying is that people should take care of themselves and their families and give them material help, right? The program planner personally filmed Ye Dongqing and was responsible for guiding the topic.

At least the vast majority of Chinese people strive to do this. They are more willing to leave the best to their children, and experience happiness from it, placing their children at a level far higher than themselves. I can't define what it is. Good or bad, after all, this will make children lose their fighting spirit and the idea of ​​​​struggle on their own.

In my opinion, if a person strives to pursue what he likes and can feel happy from it, his life will not be wasted. For example, I am now trying to devote more energy to the charity field. At the same time, I also hope that with my inspiration and the help of all employees in the company, I will be committed to providing people with more convenient and safe online social networking and office work through the Internet. , entertainment environment, it will promote the progress of the world, even if it is just a small step, this is enough.

Ye Dongqing knew that every word he said at this moment might be seen by hundreds of millions of viewers, so he was extremely careful with his words. He would rather be fake than say stupid things without thinking through his head. For this reason, he deliberately slowed down his speaking speed. Increase the time you have to think about the problem.

It had been two days since Laura came back from Los Angeles. She was going to go back tomorrow to continue shooting. She took the time to come to the study and stood not far away watching Ye Dongqing.

After hearing what he said, she suddenly wanted to laugh. Others may not know it, but Laura still remembered that Ye Dongqing was just crazy about trying to make money. Now, in his mouth, the taste has completely changed.

Of course, Laura believes that now he has the ability to change something and play a positive role in guiding society.

The British director who asked the question asked a more pointed question at this time. He asked: I know that it only took you a short time to achieve what you are now. Regarding this, I think other young people will hope to learn from your success. Get inspired, can you make some suggestions about this?”

Everyone hopes to have the wealth he has now, but for the vast majority of young people, they may not be able to accumulate so much wealth even if they work hard for ten lifetimes.

Ye Dongqing thought that he might be able to rely on rebirth. He would not really say such words. After a moment of pause, he said: My success is accidental. It is mainly luck. I successfully seized some business opportunities and inspiration. Maybe this is It's God's arrangement.

Two years ago, life forced me to have no way out, so I made a desperate move and tried desperately to succeed. I was regarded as a liar by Mr. Buffett and also by potential investors. I had ideas and worked hard to realize them. This is probably the wolfish spirit that many young people lack. They are afraid of stepping out of their comfort zone. From the rich people I usually interact with, I can see that they dare to think and do things, provided they have a plan that can be realized.

So what were you thinking at the time? If your investment in Apple or Amazon failed, or if the Facebook company you created failed, investors at that time might not be able to get back the money they invested in you, right?

...I can't say it's 100% safe, but I was relatively sure at the time. I initially invested in Apple because it hit rock bottom and was managed by Mr. Jobs, a CEO with rich ideas. I liked Apple's unique and innovative iPod music. Player products, as for the founding concepts of Amazon and Facebook, I think they are the epitome of the impact of the Internet on real society.

Amazon can solve the shopping worries in life, and Facebook can make communication between people more convenient. They both have merits. At that time, I had no other options. I thought that if one of the three companies succeeded, I would not lose money. Judging from the current situation, it is probably due to good luck that everything has succeeded. After the Internet industry came out of the trough, it entered a slow bull period in the securities market.

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