Chapter 1020 Belongs to Hedgehogs.
"Charlie, although what William White said has some truth, I still don't think it's true." Looking at his good friend, Buffett was a little confused. He has been thinking about it for two days, and he really doesn't understand what William White said. Don't touch what you don't understand, this is his consistent purpose.
Although there may be losses in the short term, the safety of funds will still be greatly guaranteed.
"Actually, it's nothing, right? I checked the investment portfolio of the White Fund. Recently, there have been obvious changes."
"Tell me, Charlie, what's different."
"They have been reducing their holdings in Netscape, and other Internet companies are also reducing their holdings. By the way, Cisco is also reducing their holdings."
"He left? No, it seems that no news has been received."
"They didn't leave the market, they bought Big Blue and HP. Also, insurance and medical related companies, their shareholding ratios are increasing."
"HP? Hasn't this guy been despised by Wall Street all the time?"
"Old man, there are so many things that Wall Street dislikes. William White is not the same as being ridiculed for increasing his holdings of Big Blue."
Buffett immediately shut his mouth, saying that virtual wealth is not easy to realize, and if you sell too many shares, the price will shrink by half.
However, this does not include those so-called big blue chips. William White is the largest individual shareholder, holding less than 5% of the shares of Big Blue. If he reduces his holdings by half now, the stock price will not fluctuate much.
The stocks that William White put into the family fund actually have a characteristic. Whether it is 7-11 or HP, there is an obvious feature.
That is stability!
"Tom, is this HP figured out?"
"Yes, boss, the sales boom of personal PCs has basically been confirmed. If they don't pay attention, they may have no chance."
This wave of personal PC market can be said to be the Waterloo of traditional IT companies. Wang An went bankrupt, IBM Half-Life, and the strange thing is that another IT giant is actually stable.
In 1993, the revenue was less than 20 billion U.S. dollars, but in 1996, it exceeded 40 billion U.S. dollars. So what if you don't pay attention to PC, you still make a lot of money. If that's all it is, it might just be eating its laurels.
But is it really that simple?
HP laboratories are located all over the world, with research and development institutions in Palo Alto, California, Bristol, UK, Haseri Haifa, Bengaluru, Asan, and Tokyo, Japan.
What they were already doing was exactly what William White was going to do. After the Asian economic crisis, he planned to implement this plan. The globalization of Bell Labs has reached the point where it cannot be delayed any longer.
HP's maverick, let him see a model, not to mention how good it is, the biggest advantage is stability. The current world is too dangerous, if possible, it's better to take it easy.
It is actually a nonsense thing to be stable in the IT industry. What matters here is speed, no matter how awesome your research and development is, if you move slowly, it will be for nothing.
Yes, the United States has intellectual property rights, but can't I bypass it?
Another point is that Laomei pays more attention to production patents. That is to say, if you have invented something, if it has not been put into the market.
Ahem, there will be patent fees, but don't expect to get rich overnight, this is unrealistic.
"Filson, Netscape should ship the product as soon as possible. They can't win this lawsuit. Even if they can win, the company is finished."
"Fortunately, the Internet is very hot now, otherwise, there will be problems with cashing out."
"Idiots can't be fooled. Anyway, investors think that Microsoft is shameless. As long as they get him down, Netscape can soar into the sky."
"Ahem, it may also be that Yahoo has stimulated the market too much. In addition to Netscape's legend of making a fortune, there is no way around it. There is a wealth effect, and no one is willing to give up."
"Haha, by the way, how about Yahoo, Damo agrees?"
"Yes, IPO will be issued at a valuation of 2.3 billion, and the response is very strong. Boss, this time, our shareholding will be less than 35%."
"Well, I'm very optimistic about them. Anyway, it's better not to go lower. Otherwise, I don't mind increasing my holdings again."
It's funny to say that Buffett couldn't bear it anymore and planned to try something new on the Internet. William White, on the other hand, seemed to be evacuating.
Money is the devil!
Investing in Cisco is one of Buffett's most successful investments in recent years. Since high technology is possible, then, should the Internet also try it?
"A valuation of 2.3 billion?" Buffett's eyes jumped, hey, he should have joined the A round in the first place.
"What's the status of the purchase?"
"Exceeding is certain. The shares released now cannot meet the needs of the foot basin people. Wall Street is still hesitating, and the foot basin people have already sold."
"okay, I get it."
Putting down the phone, Buffett smiled wryly. When a typhoon comes, pigs can fly. Obviously, it's hard to say whether Yahoo is a pig or not, but it sure took off.
"Charlie, I've decided to take a gamble."
"Alright, I've been looking at it for a long time, and William White seems to be reluctant to sell it. Could it be that the income of one billion dollars is no longer satisfactory."
"Satisfied? Are you going to see Cisco?" Buffett didn't want to talk, it was too hateful. Do you want to make money so easily! After this round of storm, it is hard to say whether the pig will fly, but William White will definitely fly.
Buffett found that companies with a relatively high proportion of shares held by William White have a certain margin of safety. On the surface, his shareholding ratio did not exceed 50%.
However, this is a shameless person. Others play charity funds, and they are a little secretive.
Nima, if you play like this, you might as well be privatized and delisted!
If William White knew that this guy thought so, he would definitely raise his middle finger gracefully.
Do you know what wealth in the sun is?
The richest man in the world?
Even if he has trillions of assets, it has nothing to do with this word. Not to mention other things, how much wealth does Leo Vanta hold in the prison?
Anyway, when this small amount of money returned to the United States, the entire European financial circle was in chaos.
For public figures, personality is very important. You don't want your company to go public because you don't want to share wealth with the society. Of course, there are such people in the United States. The current Koch Enterprises, and later Dell, all belong to this type.
Keke, it's actually not very good.
Hatred of the rich can be found everywhere, and the United States is no different. When you do something wrong, it will be deliberately magnified.
Can share wealth with the society and be keen to participate in charity. Put a lot of money into scientific research projects.
Well, this is William White's character design.
Therefore, basically no media would hack him, even if this guy is not a media tycoon, no one would offend him to death.
You see, Bill Gates said in a speech that we need to use radical methods to reduce carbon dioxide emissions. The most important point is the need to reduce the population. As for who needs to die, of course it is the 80%. Smart people will contribute to this society.
The original words at that time may be more exaggerated, so it is not convenient to write them here. However, after saying such exaggerated words, no one did anything to him.
If you try to say that with the Koch Brothers, you will definitely be blacked out.
Anyway, whatever the context in which Bill Gates said it, it was certainly inappropriate to say it.
Are you saying he's out of his mind? Don't know if it will cause an uproar?
Impossible, why do you still have to say it?
Alas, he shouldn't have said, sometimes, ignorance is also a kind of happiness, why do you take away my happiness!