Chapter 440 The Unlucky 'Sky God'

"John, why are you here alone? Can I sit down?" Yang Cheng came to a corner of the restaurant with a glass of wine.

John Paulson was wiping his glasses with a napkin he didn’t know where, when he heard Yang Cheng’s voice, he quickly put on his glasses, “Jason, it’s you, of course, please sit down, what a coincidence, before I came to Switzerland And met your father at an auction."

Yang Cheng showed a surprised expression at the right time, "Really? That's indeed a coincidence, no one on Wall Street knows how low-key you are."

John Paulson rubbed his black curly hair with a big hand, and there was a hint of shyness in his smile, which showed his introversion, "Jason, you know I have social phobia, and I was afraid of dealing with people when I was young. , it’s better to look at candlestick charts, which has only eased in recent years.”

Sitting opposite John Paulson, Yang Cheng spread her hands and said, "If it weren't for your so-called social phobia, you would have been the richest man in the world."

There is a reason why he said this. In 2006, John Paulson raised $150 million to build positions for the first fund to short CDOs. He designed a complex fund operation model: while shorting dangerous CDOs, After buying cheap CDS, in the following months, the US real estate market was still booming, with no signs of sluggishness, and Paulson's fund continued to lose money.

But at the end of 2006, the subprime mortgage crisis had begun to take shape. Paulson’s fund had turned from loss to profit, and its value had risen by 20%. In July, the two funds managed by Paulson suddenly emerged in the winter of Wall Street. By the end of 2007, the first fund had appreciated by 590%, and the second fund had also appreciated by 350%. In one year, $6 billion poured into Paulson's fund.

It was also in this year that Paulson reached the top of the list of the most profitable fund managers in 2007, beating financial giants George Soros and James Simmons. The first person", "the smartest cheetah on Wall Street" and other titles.

If it wasn't for John Paulson's introverted personality, boring life, no social activities, and no good friends, he would definitely mobilize a large amount of funds before the subprime mortgage crisis to sell short, and even become the world's richest man in one fell swoop. The throne is not a problem, that's why Yang Cheng said this.

This Wall Street guru, who will only turn 60 at the end of this year, has a youthful mentality that is completely incompatible with his age. He patted his forehead with a chuckle, "I have talked with Bill many times about this topic. I have been with him for quite a long time. Everywhere I go, I am greeted and hugged, and everyone looks at me with admiration. The feeling is really unbearable for ordinary people. It is precisely because of this reason that I am unwilling to become the richest man in the world. "

Yang Cheng clicked his tongue. It turned out that 13 could still pretend like this, but when he saw John Paulson's teasing smile, he knew he had been fooled. He was joking, a very typical American joke.

He raised his glass helplessly and admitted, "OK, you caught me, well done."

"Haha, no thanks Jason." Well, he's addicted to this joke.

Yang Cheng took a sip of his wine and asked seriously, "John, why did Warren call everyone here this time? Is there any action?"

Unexpectedly, John Paulson said with resentment on his face, "I don't know what his plan is, but I know that you have an event and you don't take me with you. It's really sad."

Yang Cheng was stunned for a moment, and then realized that he was only on a trip to Wall Street in Switzerland. At this moment, a flash of lightning seemed to flash through his mind, trying to understand something. It seemed that after he came to Switzerland, he was safe and sound, and he was not caught. It’s a little unreasonable for people from the Swiss National Bank to come to settle accounts. You must know that so far, Wall Street has taken away tens of billions of euros from Switzerland and Europe. Could it be that the Swiss have been driven crazy?

Ignore it?

Moreover, on the way from the airport to the small town, the ordinary people he saw didn't look frowning, and they didn't look like they had encountered a 'financial crisis'. What is the situation?

Did the Swiss block the news?

This is impossible, right? Wall Street’s action this time is so violent that it ravages the Europa continent. The Swiss stock market is full of sorrows. Even a fool can see that something is wrong. The Swiss are gods and do not eat fireworks? don't care at all?

Yang Cheng thought for a while but didn't come to any seemingly reasonable conclusions. She came back to her senses and said to John Paulson, "This time it's not an organized action, it's all spontaneous."

John Paulsen waved his hand, "Don't get me wrong, that's what I said. In fact, I have been paying attention to Wall Street's actions from the very beginning, but the risk is too great. Once the Swiss National Bank does not release the news of adjusting the exchange rate, it is very likely to cause a lot of trouble." International conflicts, and the strength enhancement fund under my name at that time was betting on Puerto Rico national debt and gold futures, the funds could not be recovered, and it was unable to open up a second battlefield.”

Yang Cheng repeated John Paulson's words, "Puerto Rico's national debt?"

He remembered that Riz Khan had asked him about this matter last year. At that time, Puerto Rico issued 3.5 billion US dollars of national bonds, which were fully subscribed in a very short period of time, so that Yang Cheng didn't react at all, and he had no chance to buy it. Buying, I can only regret to give up this project. It seems that John Paulson made the move at that time.

But when I think about it now, I am really scared. The Puerto Rico government is unable to repay the debts, and the value of these bonds has dropped to the bottom in an instant. It seems that the famous "Sky God" encountered Waterloo at the beginning of this year.

He couldn't help casting a sympathetic look at the other side, but John Paulson laughed at himself, "Jason, don't rush to sympathize, after I lose again in the gold market, it's not too late for you to return your sympathetic look, It seems that this year is not good for me, and it is not suitable for me to try investing again.”

Yang Cheng was stunned, "You don't know how to buy more gold, do you?"

John Paulson was silent, obviously acquiescing, and Yang Cheng didn't know what to say when he saw this. People are not gods, and even the most powerful investors sometimes make mistakes. Regarding the occasional failure of the "empty god", Yang Cheng didn't know what to say. I think it's normal, and I won't look down on the other party's ability because of this, but Yang Cheng can even predict what the unscrupulous media will comment on two consecutive investment failures, so he just won't speak for him.

After thinking about it, he tentatively said, "Do you want me to arrange it? You also know that New Era Media still has some ability to speak out. At least don't rush to criticize you."

John Paulson shook his head resolutely, looked deeply at the old stock god who was talking about charity not far away, and said with a sneer, "I know the piss of the media very well. When you succeed, you will be promoted to the altar. When you fail, you will be promoted to the altar. I'm used to it, this small setback is nothing to me, and I'm definitely not the only one who is unlucky this year!"

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