Chapter 1121 The Road to Europa, the Stock God

The genius remembers the address of this site in one second: [] The fastest update! No ads!

Price suddenly stood up, with a kind of boldness to scold Fang Qiu as he ascended the throne, "But what about the 7 trillion US dollars in stocks?

You could buy all of America's arable land, about a million acres, with a market value of about $2.5 trillion, and you'd be the largest landowner, rancher, rancher, forester, in short, the people of the entire United States They have to eat the rations you grow, even if he is the president, he still has to listen to your opinions on agricultural production issues.

In addition, you can also buy well-known brands covering various fields such as Apple, Amazon, Essen Mobil, General Electric, Citigroup, Nike, Coca-Cola, etc. Even so, you still have $1 trillion in liquid cash left in your hands.

I'm afraid those scumbags who changed to Hell's Kitchen also know how to choose. "

I have to admit that Yang Cheng found himself attracted by Price's theory. He knew that this was also Buffett's philosophy. Fear, living in dire straits, after all, gold is a good way to buy long in fear.

If others become more fearful in the future, they will be willing to pay a higher price to buy gold, and you will make money; on the contrary, if others are not as fearful as they are now in the future, the gold you buy now will lose money.

I'm afraid that a small person has no qualifications or ability to create fear, but what about a capable and qualified person like Yang Cheng? Once he falls into some kind of demonic obstacle, will he actively create fear to achieve the purpose of increasing the value of the gold he holds?

Thinking of this, Yang Cheng couldn't help shivering, he didn't want to become a big devil who disregarded human life.

After taking a sip of tea to calm down, he suddenly remembered that he didn't seem to have said that he wanted to hold gold, did he? He just wanted to take this opportunity to make a quick buck, so why did he stop talking?

Laughing uncontrollably, he said to Price, "Don't worry, I just want to speculate in the short term, and I don't intend to hold it for a long time, let alone deliver the real thing. Mr. Price, your worries won't happen to me, but I still want to thank you for giving me a very vivid economics class today, if you are still teaching at the university, I am willing to go and listen to the lecture."

Price sat down again. After talking for so long, his mouth was dry. He beckoned Carson not far away and ordered a cup of iced coffee.

Turning around, he said, "Jason, you are too polite. I just relayed some of Warren's views. We can chat together when we have the opportunity. You don't have to go to university to learn knowledge."

Yang Cheng smiled and nodded, "Of course, it's my honor."

At this time, Joe Lewis, who had never found a chance to intervene, finally seized the gap between the two of them and said, "So Jason, you are not going to participate in this sniping operation on the pound, and speculate in gold instead?"

Yang Cheng hesitated for a moment, as if his attitude had softened, which made Joe Lewis keep the spark of hope in his heart.

But he was wrong. Yang Cheng hesitated not because of Lewis, but because he was thinking about why Price appeared with Joe Lewis.

If you can't figure out why, it's better to ask directly, "Mr. Price, is Berkshire also involved in this operation?"

Price was taken aback for a moment, then shook his head violently, and the one who vetoed was flat-out, "No, no, Berkshire will not participate. The meeting with Mr. Lewis this time is actually for another cooperation."

Yang Cheng's heart can be relieved. He believes that Price will not lie to him. After all, this matter cannot be hidden. There are countless pairs of eyes all over the world, staring at Berkshire's capital movements. It won't be long before it reaches Yang Cheng's ears.

It can be said that Price has no reason to lie at all. The plan is to have as much money as possible. If he really participated in it, why hide it from Yang Cheng and lose his reputation?

Determined that Berkshire will not participate,

Yang Cheng could safely and boldly refuse, "Joe, I'm sorry, I really don't have extra funds to participate in this operation, but I will pay close attention and look forward to the good news of your victory."

Lewis looked gloomy. Before he came, he didn't expect Yang Cheng to refuse so simply. His illusions were instantly shattered, and the spirit of the 80-year-old man became sluggish.

Yang Cheng's compassion was slightly touched, but that was all. There was no change on the surface, let alone giving hope.

Not wanting to get too entangled in this topic, he said instead, "By the way, tonight is the double red meeting. My Liverpool team will play against Manchester United at home. Why don't you two come with me to watch the game and feel the atmosphere?"

Joe Lewis is not interested. He doesn't even pay attention to his own team. How can he be interested in other teams? What's more, Yang Cheng just refused to participate in the plan. He needs to find other funds to replace him. How can he be interested in it? watching football?

The same goes for Price. He is an American, and he is not very interested in football. If he had to choose, he would rather watch the games played by rude people in the NBA. At least he knows some rules of the game.

Yang Cheng, who was rejected, seemed indifferent. Since the plan could not go on, there was no need for them to stay, so they left in a hurry.

Standing at the window, Yang Cheng watched Lewis' car drifting away, feeling a little dazed. Price's entourage was indeed a bit strange, and he hadn't heard that Buffett was going to do any big things in England.

Feeling a little uneasy, Yang Cheng quickly called Ruiz Khan and asked him to collect Buffett's investment history in the UK, as well as his recent movements, screen out information related to Europe or the UK, and send them to Yang Cheng's in the mailbox.

As a result, if you don’t know if you don’t know it, you will be shocked when you see it. This old guy really has laid mines in Europe a lot.

Combined with Buffett's recent public and private speeches, Yang Cheng gradually found some clues.

One of them is that Buffett complained in a private meeting with the company's shareholders: Nowadays, in the United States, where private equity companies are highly competitive, it is difficult for him to find mergers and acquisitions with a valuation of more than US$100 billion that can achieve sufficient benefits.

what does that mean? It means that Buffett is full of interest in signing blockbuster M&A transactions, and this is the opportunity to do things.

In the letter to all shareholders at the end of last year, it also stated that even though the company is likely to hoard more cash in the future, it continues to look forward to the completion of heavyweight mergers and acquisitions.

This further verified Yang Cheng's conjecture. Obviously, according to Buffett's philosophy, the UK, which is about to enter the process of leaving the European Union, and the turbulent Europe are the next markets he plans to enter.

However, Buffett always takes a pessimistic attitude towards countries in the European continent. This is recognized by global investors. He himself is outspoken, but his tone is even more pessimistic. For the choice of mergers and acquisitions, the old stock god believes that European countries speak different languages ​​and have completely different financial situations. It will be very difficult for them to find a balance between national autonomy and common interests.

That's why Buffett rarely does things in Europe with great fanfare, because he is generally not optimistic.

But this does not mean that he will never be optimistic. Europe is now in a state of rain and wind, but it is precisely a good time for Buffett to gradually increase M&A transactions in Europe.

Statistics show that in recent years, Buffett's Berkshire Hathaway has gradually shifted its investment focus from securities and insurance businesses to increasing mergers and acquisitions. This feature is also reflected in Europe.

As early as 2001, Buffett bought the Northern Power Grid Company, which supplies electricity to homes and businesses in the Northeast of England, and has continued to reap huge profits for many years.

But it wasn't until 2006 that Buffett made another blockbuster investment decision in the UK--purchasing a stake in the UK's largest supermarket chain (Tesco; the mainland of country Z is called Tesco).

Then, in the same year, he spent $25.7 million on Irish industrial company Ingersoll Rand and $153 million on French drugmaker Sanofi.

After the outbreak of the financial crisis, Buffett chose to invest in the United States instead of buying bottoms in Europe.

In 2008, although Buffett, who went to Europe to inspect investment opportunities, praised Europe as "Of course you want to fish in a pond with fish, and Europe is a pond of excellence", but he believes that "you should be cautious when others are greedy" Very restrained, only spent 76 million euros in the same year to invest in a British company - GlaxoSmithKline, the world's largest pharmaceutical group;

Three years later, Buffett once again spent 175 million euros to buy 8 small European companies, and explained that the European sovereign debt crisis led to the underestimation of the value of companies in some risky countries. Banks, Buffett was not generous, and used relatively harsh words to give a pessimistic view of the recession in the European banking industry at that time;

After 2 years of silence, Mamon Group, which is controlled by Berkshire Hathaway, spent US$1.1 billion to acquire the beverage machine and promotion department of the five major business divisions of the British industrial giant IMI Group.

This series of investment records proves that Buffett’s investment rhythm in Europe has changed, especially after the financial crisis. In a recession, Berkshire's earnings will also be reduced, so he must look overseas.

Seeing that Britain is about to enter a chaotic situation, Berkshire's minions are about to move.

The boldness of Buffett's investment has always been limited to the rules. In other words, Buffett prefers to invest funds in markets that he thinks can be understood and trusted. To put it bluntly, the old stock god attaches great importance to the improvement of supervision and tax laws.

After such an analysis, it is estimated that only the United Kingdom and Germany can catch his eyes in the whole of Europe. Needless to say, the advantages of the United Kingdom, Germany itself is a great market, with a large population, strong purchasing power and productivity, and Germany’s rigorous regulatory and legal framework is a must. Famously, definitely a great option to get into Germany when the Euro is weak.

. Lewen's mobile version updates the fastest website: