Chapter 2459 Reminder

Feng Yiping was very relaxed at this time. His proposal to Madoff was just a spur-of-the-moment idea, just like beating a child on a rainy day, anyway, it was just a side job.

He originally didn't think of having any intersection with Madoff, but since you came to him with bad intentions, he might as well try to target you.

It would be good if Madoff took the bait, and he could also help those he cheated to keep some of their money. Even if he didn't take the bait, it didn't matter.

Anyway, Madoff cheated either Americans or Europeans, most of whom were Jews. Feng Yiping didn't care too much, and there was no need to care.

But he felt that his proposal would probably still be attractive to Madoff.

What annoyed Madoff the most was that there was no return, so if he gave him a return, he would still be able to make a little profit - Madoff gave most investors a return of 8% to 12%, and Feng Yiping promised no less than 12%.

For someone who is short of money, a few hundred million is not a small amount.

Another very important point is Feng Yiping's reputation and his strength.

The reason why Madoff deceived so many people is because of his good reputation on Wall Street over the past few decades. Many investors even regard him as "U.S. Treasury bonds."

How can Treasury bonds be unsafe?

But Feng Yiping still had to solve the puzzle on the way to Ma Ling's house. After thinking for a long time, Wu Qian still couldn't figure out why Feng Yiping had such a big opinion about the female head of Morgan Stanley Greater China named Sun.

Generally speaking, as a woman and a former compatriot, Feng Yiping would have an opinion. At least in front of others, he would still maintain considerable respect, but today was really abnormal. In front of Lourdes, Xia Jinheng and their subordinates who must be watching the fun, he said so much to Sun Wei with a stern face.

Because there might be an intersection with Mr. Sun in China, as Feng Yiping's most trusted assistant, she hopes to find out the reason.

"To put it simply, if the two projects planned by Ms. Sun succeed, domestic investors will not only suffer heavy losses, but also give many people in the industry a negative impression that we are rich but stupid."

"It will make many people in the world think that we belong to a group with low investment ability, which will have a long-term negative impact on all our overseas investment cases."

"I don't want us to be labeled like this."

"Also, the investment planned by Ms. Sun has successfully brought bad atmosphere to the domestic investment circle."

"...In short, in the two investments she planned, I can't see the relevant professional quality and the benefits to investors as a whole."

"To make an analogy, the domestic investors who were persuaded by her will be no better than those who gave money to Madoff. They have no hope of making money and will be called stupid and greedy."

Combined with his current height and the information he has, he is really puzzled by the investments that he only knew about in the past.

Let’s not talk about Blackstone for now. According to the schedule, if there was no Feng Yiping report, we would have invested $5.6 billion in Morgan Stanley in mid-December in exchange for 9.9% of the shares.

At this time, if people in the financial industry don’t know how big the risks are on Wall Street, they at least know that they will have no worries about opportunities if they hold cash in the future.

But they invested heavily in Morgan Stanley just before the crisis broke out.

That is to say, this opportunity is rare, but it can’t be explained, because at least many people can predict that Morgan Stanley’s stock price will definitely fall in the future. At that time, they will need more funds, so why not wait and invest?

In short, the original result was that we bought 9.9% of Morgan Stanley’s shares at a high price before the financial crisis broke out, and it is estimated that there is no decision-making power. When we invested, Morgan Stanley’s stock price was more than $50. By the end of 2008, a year later, the stock price dropped to just over $10 - a full 80% discount.

In other words, we lost nearly $4.5 billion in a rush.

Then, Morgan Stanley said, we are short of money again, do you want to make additional investment? If you don't make additional investment, we have to introduce other investors - that means that our original 9.9% stake will be diluted.

At that time, it should be due to the pressure of domestic public opinion that we did not continue to make additional investment. Then, the Japanese entered the market and got more shares than us at a much lower cost than us - it's really speechless to think about it.

So, in general, it was the Morgan Stanley China team headed by Mr. Sun that dug a big pit for us early on.

Moreover, according to international practice, any sovereign fund investment generally requires the right to reset the transaction value. To put it simply, we can add a similar preventive clause in the agreement for rushing to invest, such as "If Morgan Stanley sells shares at less than US$50 per share within one year, we will have the right to adjust the transaction price."

This is actually not difficult to understand. Such a large transaction must take into account various changes in the future. For example, A-shares, mergers and acquisitions of A-shares can generally design a three-year interest compensation mechanism.

However, when we signed the relevant agreement, we seemed to have completely forgotten this clause, so that we could only watch helplessly as we lost more than 20 billion RMB in one year.

Obviously, Mr. Sun did not remind her of this, or he may have persuaded the relevant people to forget such terms.

This will probably involve some issues of interest exchange, but Feng Yiping is too lazy to think about it.

We all say that entertainment is a circle, but it is more than just entertainment.

Feng Yiping now has some understanding of some market conditions.

In the investment and investment banking circles, all capital flows have costs and fees. In other words, every investment has handling fees and commissions, which are generally at least between 1-3%...

"Remember one thing, try not to contact them in the future," Feng Yiping did not tell Wu Qian too much in detail, just let her know the general reasons and understand the relevant spirit.

"From now until tomorrow morning, you can have a good rest. Tomorrow afternoon, we will go back to Silicon Valley,"

Even Goldman Sachs and Morgan Stanley are on his side at this time. Feng Yiping can now safely put aside the plan of Black Rock, so he doesn't have to go to New York as originally planned.

…………

At this time, Madoff was also on his way home. After returning home, he sat in the study for a long time, and finally made a few phone calls.

So, that night, in the country club of Palm Beach, those who wanted to give their money to Madoff but never had the chance finally saw the chance again.

In the club, Madoff's well-known friend, clothing businessman Carl Shapiro and his son-in-law Jeff, were going to introduce several people to Madoff.

The so-called introduction to Madoff means that Madoff would accept the investment of those people.

This has always been the practice. If you want to become a client of Madoff, you must get the introduction of the two of them.

Later, people who were familiar with these routines naturally saw that the father-in-law and son-in-law were equivalent to the downline developed by Madoff. Similarly, they should also get a certain kickback from Madoff based on the amount of investment they attracted.

However, the downline developed by Madoff was far more than these two. On this night, in several of his bases in the United States that attracted investors, several downlines like Shapiro received similar instructions.

…………

Because it was not yet December, Palm Beach was not particularly lively. At night, there were very few people on the beach.

For people who live here, the beach has long lost its appeal.

Feng Yiping held his sleepy son in his arms and walked side by side with Ma Ling on the beach. Their destination was the pier in front.

Since his son said he wanted to stay on the boat at night, let him stay on the boat.

"Do you want to stay here with Vincent for a few more days?" Feng Yiping asked Ma Ling softly.

"No, there are too many things to do in the company," Ma Ling said, "but what do you think about letting my son and John stay here for a few days?"

Feng Yiping said hurriedly, "Okay, okay, in this case, I think we don't have to rush back to Silicon Valley tomorrow, how about going to Chicago?"

Ma Ling smiled and glared at him, "Don't dislike your son,"

This is really not dislike, mainly because the little guy is getting older, sometimes he is really a bit of a hindrance.

Children, sometimes they are really an obstacle between you and your wife.

"Forget it, or let him come over during the Christmas holiday," Ma Ling changed his mind again, successfully making some of Feng Yiping's plans fall through.

"But what did you talk about with John today? After he came back, he was very excited and whispered with Heidi in the study for most of the day," Ma Ling asked curiously.

"That's a secret you won't know until next year," Feng Yiping kept it a secret.

"Hey, since you like it so much, why don't we buy a house here?"

Ma Ling smiled at him again, "This is the first time I've heard that someone wants to buy a house near their parents,"

For adults, whether they have a family or not, they probably don't want to live too close to their parents. Who would have the patience to be constantly interfered with and taught by their parents?

Of course, there will be other strong reasons.

For example, why did they live on the boat tonight instead of at John's house?

In addition to Vincent's request, there are naturally some other reasons you know.

"It's mainly for investment," Feng Yiping explained.

At this time, the dock had arrived.

At night, when the yacht finally quieted down, Feng Yiping was about to take Ma Ling to the deck to get some fresh air when he unexpectedly received a call, "Hello, Lourdes,"

"Feng, I'm on my way to the airport," Lourdes said.

Is it necessary to report this to me?

"I think there is something I should tell you. Goldman Sachs also invested in Madoff, but we quickly withdrew our investment from him,"

Feng Yiping was stunned for a moment, "Thank you, Lourdes,"