Chapter 3893 3895 [Daguang Fund]

In the next few years, Qiaogu gradually adapted to life in the United States and no longer made a fuss about everything she saw.

Not only did she learn to drive, but her English level also improved significantly. From the beginning, she couldn't even read ABCD, but after a few years, she could speak fluent English, and it was not difficult to listen to the radio, watch TV, and read newspapers.

In fact, Qiaogu herself is not stupid. When Chen Jianghe and Luo Yuzhu founded Yuzhu Group in the play, she served as a senior manager in the company, managing the huge company and the complicated business in an orderly manner, which fully demonstrated her ability.

During this period, Xiang Nan has also been obsessed with various investments. In addition to the stock market, there are also various high-tech companies in Silicon Valley, such as AMD, Microsoft, Intel, Oracle, Adobe, EA, etc.

Some of these companies have just been founded, and some have just risen. Xiang Nan is very clear about their value, so if he invests a lot now, he can make a steady profit in the future.

By 1987, Xiang Nan's net worth had risen to 1 billion US dollars. Even in the United States, he is still considered a top rich man.

And his academic performance is also very good. Since Xiang Nan has accumulated rich experience in the field of financial investment, the most valuable thing is that he knows the economic data for the next few decades.

So after entering Stanford University, he successively published many heavyweight papers and comments, analyzing and predicting the US and global economy.

These papers and articles are all meaningful, not general talk or nonsense, so Xiang Nan gradually gained a reputation in the academic and economic circles and gradually became a well-known figure in the financial field.

Therefore, many newspapers and magazines asked him to write articles to analyze and predict the economy and stock market, such as the San Francisco Times, the San Jose Mercury, the San Francisco Chronicle, Economics and Finance, etc.

This also further enhanced Xiang Nan's fame and influence.

…

During this period, in the mainland, the Yiwu small commodity market has evolved to the third generation.

The first generation of small commodity market, located in Chenjia Town, was built roughly. There were only shops built with cement boards and wooden boards, with no roof to shelter from the rain, and no flat road below. It is called a small commodity market, but it is actually worse than the current rural market.

In addition, the stalls were limited and the scale was limited, so it soon couldn't keep up with the market and people's needs. So in 1984, the second generation of small commodity market was officially launched.

When the small commodity market was opened, all districts, towns and villages in Yiwu began to scramble for it, hoping to set up the small commodity market in their own homes.

Because everyone has eyes, they can see how much Chenjia Town has changed in just two years.

Back then, when other towns and villages were still hesitating, Chenjia Town dared to be the first in the world, actively strived, and contributed people, land and effort to settle the first generation of small commodity market in Chenjia Town.

From then on, the people of Chenjia Town got the moon first, relying on the geographical advantage of being close to the small commodity market, and made a fortune. In 1983, several households in the village became ten thousand yuan households.

After a lot of competition, the second generation of small commodity market finally settled in Xinmalu. Compared with the first generation of small commodity market, Xinmalu market is larger, covering an area of ​​14,000 square meters and 1,800 stalls.

Moreover, all the stalls are fixed with cement floors and cement boards, and glass tiles are installed on them to protect against wind and rain, which makes the business environment much better.

In addition, the market center is also equipped with a service building, which contains banks, tax offices, industrial and commercial offices, information offices, guest houses, broadcasting rooms, duty rooms, police stations, etc.

It can be said that compared with the first generation of small commodity markets, the second generation has significantly improved both hardware facilities and software services.

But even so, the second generation of small commodity markets still cannot meet the needs of the people, so the third generation of small commodity markets opened in 1986.

This small commodity market has more complete hardware facilities, using permanent reinforced concrete scaffolding and asbestos steel tiles for roofing, covering an area of ​​43,000 square meters and setting up more than 5,000 stalls.

It is larger in scale, has more merchants, and has more complete services. According to incomplete statistics, there are more than 1,300 stalls selling clothes alone.

Of course, this is also because the cloth ticket system was abolished in 1983, and cotton cloth was open for supply, so people don’t have to worry about having no cloth to wear. This also led to a surge in clothing production and sales.

In addition, coupons such as food coupons, meat coupons, and oil coupons were also cancelled one after another, and the lives of the people in Yiwu have been significantly improved.

…

In 1987, the US stock market crashed.

On October 19, the Dow Jones Index fell more than 500 points in a single day, a 22% drop, the largest drop since 1941.

Within six hours, $500 billion in assets evaporated, equivalent to one-eighth of the US GDP, which shocked the world.

Therefore, with the US stock market crash, stock markets around the world fell one after another. Finally, according to statistics, the global loss due to this stock market crash was as high as $2 trillion, which was higher than the loss of World War II.

However, Xiang Nan not only did not suffer any losses, but also gained both fame and fortune.

First, he knew about the stock market crash in 1987, so he sold his stocks early, and all of them were sold at high prices. Although he did not take advantage of the fire and short the stock market, after the stock price plummeted, he took the opportunity to buy a lot of stocks and made a lot of money.

Secondly, Xiang Nan had been writing articles since 1986, predicting that the stock market was overheated and that a stock market crash was likely to occur. In early October 1987, Xiang Nan published several articles in succession, making pessimistic predictions about the stock market.

But at that time, many people didn't care and believed that the stock market was unlikely to explode. Xiang Nan was completely alarmist and making random analysis. If you believe him, you will be a ghost.

On October 19, the stock market crash hit as expected. Many millionaires were reduced to paupers overnight. The stock prices of many large companies shrank significantly. A drop of 20% or 30% was considered minor.

Companies like Coca-Cola and Disney have seen their stock prices halve. Even Warren Buffett, the stock god, lost billions of dollars that day, which left him with an unforgettable psychological shadow.

However, Xiang Nan became famous in the financial and media circles by successfully predicting the August 7th stock market crash, and became a well-known investment expert in the United States.

And because of his fame, even well-known newspapers and magazines such as "Bloomberg Business Week", "Wall Street Journal", "Forbes" and "Fortune" have begun to request articles from him, hoping that he can analyze and predict the economy.

With the blessing of these heavyweight media, Xiang Nan's reputation in the United States is growing. Everyone knows that this young Chinese-American has vision and ability.

Therefore, many Wall Street investment banks have extended an olive branch to Xiang Nan, hoping that he can join their company. Among them are Goldman Sachs, Merrill Lynch, Lehman Brothers, Bear Stearns, Morgan Stanley, etc.

However, Xiang Nan refused their solicitation, and instead established the "Big Light" fund named after himself, recruiting clients to invest on his own.