America's Road to Wealth

Chapter 165 A Numbing Astronomical Number

The layout of Smith Capital's cocktail party today.

It was different from the reception held by the Hilton family here before.

At that reception, there were seats arranged according to the status of the guests.

It was similar to the last time Abel attended a charity reception.

By the time Abel came, it had already reached the midfield.

He didn't even look for his own seat, just found a sofa to sit on.

But this time, this cocktail party held by Smith Capital.

It is used in recent years, more and more popular cold buffet reception.

Just don't arrange seats for guests.

Instead, prepare a large number of places where you can rest and chat on the field.

In the middle, there are tables with various foods, which belong to the self-service mode.

The best thing about this approach is that you don't have to ask people to rank in terms of resources.

Regardless of status, everyone enjoys the same treatment.

It may be this reason that makes this model more and more popular.

A high platform is designed on the south wall in the middle of the entire Hilton Golden Hall.

Behind the high platform is a white curtain, and a projector is hung on the front.

David Mellon is now walking on this high platform.

His actions also attracted the attention of more than two hundred guests present.

After stepping onto the high stage, David Mellon first tried the sound.

"Cough cough cough~"

He confirmed that the microphone is normal and can transmit the sound normally.

The general manager of Smith Capital said with a smile:

"Welcome to Smith Capital's investment reception tonight, everyone."

"On behalf of the 136 employees of Smith Capital, as well as our beloved chairman Mr. Abel Smith, I would like to express my highest respect to you all!"

"In addition, as stated in our invitation letter, today is also Smith Capital's year-end reception."

"In that case."

When David Mellon said this, he paused a little, and he smiled and slowed down a little.

Then said:
"In this case, then follow the usual practice. We will also announce the investment status of Smith Capital since its establishment half a year ago tonight. I believe this is also of interest to everyone."

Abel came to New York last October.

I met David Mellon within a few days of coming here.

However, the establishment of Smith Capital will not be until the end of May this year.

May 2000, 5 to be exact.

It is almost exactly half a year from November NO.15 today.

Ordinary investment companies or companies in other industries, if they have just been established for half a year.

Except for the shareholders themselves, not many outsiders will be curious about its investment and development in half a year.

But Smith Capital is different.

The company with Abel Smith has attracted the attention of Wall Street since its establishment.

What's more, in the past six months, it has demonstrated a very good profit-making ability.

At the same time, among today's guests, most of the LPs (investors) who invested in the first phase of private placement of Smith Capital came.

These people, of course, are more concerned about the profits of Smith Capital.

Many waited with bated breath, wondering what Smith Capital had done in such a short time.

What kind of results and answers will be handed over.

At this time, the lights at the reception began to dim.

Everyone looked behind David Mellon, where a white curtain had long been placed.

The guests know, wait a minute.

There should be a projection PPT of Smith Capital's investment records for half a year.

As David Mellon's voice resumes, words begin to appear on the curtain.

"Everyone, please see that the above is Smith Capital's investment profit every month from May to yesterday."

He just finished speaking, in the dim golden hall.

The projector is also on the white screen, in order.

Projected Smith Capital, nearly six months of investment and income.

The first is May.

In May, Smith Capital had just been established for a few days.

In May, this company existed for five days.

The guests saw that during these five days, Smith Capital was in the international futures market.

Mainly in the four major futures varieties of soybean, soybean meal, natural gas and cotton, many transactions were made.

There were about 11 trades in all, all short-term trades lasting a day or two.

According to the data above.

These 11 transactions are for Smith Capital, which has only five days of trading time.

In May of this year, with a principal of about US$10 billion, a profit of about US$2.1 million was made.

A billion dollars makes $2.1 million.

This is a profit achieved in just a few days.

This number is already very astonishing.

Even on Wall Street, even in giants like Goldman Sachs.

A profit of 2.1 million US dollars often requires billions of dollars of funds to achieve the profit margin.

This level has already beaten 99% of the investment managers in 99% of Wall Street companies.

But that's not astonishing enough.

More amazing is yet to come.

Projected on ppt.

Next, the investment records and profit data of Smith Capital in June are displayed.

The above data shows that Smith Capital made a total of 5 investments in June.

That compares to the five-day trading period in May.

During the one-month trading period in June, only five transactions were carried out.

The number of transactions appears to be much less.

But... the combined principal of these five sums exceeds the investment of 20 billion funds.

A total of 4.5 million US dollars in profits were obtained for Smith Capital.

That is, just five days in May, plus 30 days in June.

within 35 days.

Smith Capital is already in the market, making over $6.6 million in profits.

That's roughly equivalent to one-seventh of Goldman Sachs' profit for the entire year last year.

These two data are for the oligarchs who already know the approximate profitability of Smith Capital.

Just let them determine the speculative data of their own company.

Whether there is a mistake, the magnitude of the mistake is not big.

But for those guests who are not so well-informed and the channels are not so wide.

These two figures are astonishing.

For example, the "family friend" of the Abel family, George, a middle-aged man from Texas.

After reading these two data.

George asked his side, the investment manager of the family wealth management fund he specially brought here today.

"Steven, tell me, how much profit did you make in May and June this year?"

"Um..." The investment manager named Steven was a little speechless.

It is mainly his grades, which are embarrassing when compared with the data projected by the PPT above.

"I remember it was... a few million dollars." Steven said ambiguously.

George frowned: "How much is it? Don't say you don't know."

All Steven can say is:

"The exact figure is 212 million US dollars. Among them, the profit in May was 95, and the rest was earned in June. There was a wave of precious metals in June, and in this wave of market"

"So little?" Steven was interrupted by George before he finished speaking.

few?
Steven really wanted to say loudly: The principal that your family gave me is only 1.5 million US dollars!
With such a small capital, how much do you want me to earn a month?
Of course.

Steven didn't dare to say.

He was afraid that after a while, George would have to ask about the profits of other months.

In April and July, Steven's investment not only failed to make money, but also lost money.

There are gains and losses, but generally more profits than losses.

This is already considered excellent among investment managers.

Steven could only say: "That's the Wolf of Wall Street, if I were as powerful as him. George, the reception you are attending now is not the reception of Smith Capital."

"Okay." George nodded, "You're right."

Although it is golden and jade on the outside, it is a bit rotten on the inside.

But George also knew that Steven was his father's trusted investment manager.

Don't feel too offended by yourself.

But he has decided to go back and talk to his father.

In the future, it may be possible to hand over the family's funds to Smith in terms of investment and financial management.

When George was talking to Steven.

The PPT above has already started to project Smith Capital transaction data for July.

"The next one is July, please take a look"

While explaining, David Mellon let everyone see the above data.

"In July, our investment was not very good. The profit was only 1.1 million US dollars."

While saying these words, David Mellon was complaining in his heart.

Madfak, earning so little in July.

It's not that someone spends most of his time picking up girls this month.

An Anne Hathaway, a Jessica Alba, let Smith Capital lose hundreds of millions of dollars.

It also cost David Mellon millions of dollars less.

David felt that women were the real culprits who delayed making money sometimes!
But he didn't know that he was already in Versailles like this.

Compared with the previous data, the profit of 1.1 million US dollars seems a bit small.

But even on Wall Street, earning 1.1 million US dollars a month is still a small company, but it is actually very powerful.

Wall Street and Smith Capital are securities firms of almost the same size.

A year's profit is only a few hundred million U.S. dollars.

Sometimes even lose money.
If there is an average monthly profit of about [-] million US dollars.

I don't know how many bosses of such companies will wake up laughing in the middle of the night.

Don't think that Wall Street's profits are really that exaggerated.

The profits of Goldman Sachs and Lehman Brothers last year have already been released.

Lehman Brothers, which nearly went bankrupt in 1998, only recovered last year.

The total profit attributable to the parent last year was about US$15 billion.

Goldman Sachs is around $42 billion.

Among the four major investment banks, Morgan Stanley had a total revenue of approximately US$81 billion last year.

The net profit attributable to the parent was only 34.95 billion, a year-on-year -28.94%.

The situation like Goldman Sachs, Morgan, and Lehman Brothers is the common situation of those giants on Wall Street.

Like the data of Smith Capital in the previous months.

Combined with the current size of Smith Capital, it is a very scary data.

What's more, what's even scarier is still behind.

Just these data have already made those guests who don't know the following data.

I was extremely shocked by the speed at which Smith Capital made money.

This also makes everyone realize why Wall Street attaches so much importance to Smith Capital.

To be precise, it is about Abel behind Smith Capital.

Being able to make money like this, Madfac is definitely a super cash cow.

This is simply the latest version of Peter Lynch or Buffett.

This makes Wall Street, how can it not pay attention?
Barron Hilton couldn't help saying to his granddaughter Paris:

"Honey, do you know what the net profit of Hilton Hotel Group was last year?"

Paris shook her head blankly.

Why would she care about this?

She is still under the protection of her grandfather, and she has not yet started to toss her own brand, and she has not yet started to be a benchmark for the Hilton family to attract attention.

What she is most passionate about at this time is only in the ball field in New York.

It's just a competition with other famous ladies and ladies.

Baron Hilton said earnestly:
"For the whole of last year, Hilton Worldwide's annual revenue was US$98 billion. But the net profit was only US$4.3 million."

"In other words, this guy's company made more money than Hilton Worldwide in June this year."

What Baron Hilton didn't say is that the Hilton family's shareholding in Hilton Worldwide is actually very low.

Of the $4.3 million in net profit last year, the Hilton family got very little.

The Hilton family is not as beautiful as it seems on the surface.

This is like Ted Lener, who is said to be a billionaire, but can also be ranked among the top [-] in the United States.

But in fact, most of the time, he is also very short of money.

Because most of the assets of rich people like them are stocks or heavy assets.

The money that can be used every year, as well as the working capital, are very low.

"I earn more in a month than we earn in a year." Paris listened to her grandfather.

She felt that she might have done something wrong earlier.

Fortunately, there should be a chance now.

Maybe?
She thought uncertainly.

After the "unremarkable" July data.

It is more and more exaggerated, even scary data.

In August, the result given by Smith Capital was 21.56 billion US dollars.

Among them, only in the international foreign exchange market, the profit is as high as 19.54 billion US dollars.

As soon as the projection PPT of this part comes out.

The "distinguished" guests who had been able to maintain their composure suddenly revealed their true colors.

"Wow~"

"Am I reading that right? Over $20 billion a month? Did they get the decimal point wrong?"

"I think so too. It was only 1.1 in the front, and it turned out to be 21.56 billion US dollars in the end. Is this a mistake in the decimal point? It should be 2.156 million?"

"More than 2 million is amazing. But if it is more than 21 billion"

"Namadfak's Smith Capital earned Goldman Sachs' half-year profit in August!"

"Madfak, I feel that the Federal Reserve is not printing money as fast as he is!"

"."

What the latter gentleman said was a bit exaggerated.

In this world, no one can make money fast.

Comparable to the Fed's nuclear-powered money printing press.

Neither can Abel, who is fully engaged.

Print trillions of dollars a year, who else? ! !
Surprised the guests in the discussion, many people also noticed.

Under the exposure of such a terrifying number.

None of the high-profile Wall Street giants were as surprised as they were.

Is it because they are calmer, more self-restraining, and the city is deeper?
No.

It's just these data, under Abel's previous intention not to conceal.

They already have some vague numbers.

Smith Capital is posting it now, just for them to check.

Let them find that the data and the figures speculated by the elites of their company are generally not much different.

However, something even more amazing is yet to come.

After August, it's September.

In September, Smith Capital's profit data was $41.6 billion.

Among them, the investment profit from long international crude oil was 14.2 billion US dollars.

The investment profit in London gold is 25.64.

As soon as these two figures came out, the voices of the guests became louder.

After this more than 40 billion US dollars.

Everyone no longer doubts the data of more than 20 billion US dollars in August just now.

The decimal point can be marked wrong once, will it be wrong the second time?

If this is the case, today's reception will become a funny event.

It was obvious that such a thing could not happen.

then that means
The profit data of Smith Capital in August is not marked with a wrong decimal point.

That is, August and September.

Smith Capital made more than $60 billion
Everyone thought that after this, Abel suddenly spent a huge sum of money to buy MGM.

Not afraid of MGM's cheating debt of more than 20 billion US dollars.

The performance is called a person who has a lot of money.

The guests suddenly realized at this time.

It turned out that this guy made so much money in August and September! !

This is how to make such a big deal, and once you buy it, you will become one of the Hollywood giants.

After seeing these two data.

The most excited are those LPs who invested in the first phase of Smith Capital Private Equity.

Such as Ted Lener and Barron Hilton.

One of them has friendship with Abel, and the other is because of their daughter Ikana.

Both of these two people invested a little money in Smith Capital's private placement at the end of August.

Barron's is $200 million and Ted Lener is at $100 million.

The 20 billion yuan in August, they suspected that it might have little to do with that private placement.

After all, it was at the end of August that Abel launched his first private placement.

But of the more than 40 billion yuan in September, at least a part of it should be private equity funds.

Then their investment should also make money.

Thinking of this, small and medium-sized investors like Ted Lena are no longer just surprised.

They have all begun to fantasize about how much the Smith Fund made in the first phase of Smith Capital's investment in September.

This data is not immediately listed on the projection PPT.

It was followed by Smith Capital's profit data for October.

That's up from more than $40 billion in September.

In October, Smith Capital "only" shorted international crude oil futures

Earned 34.2 billion US dollars on this "little thing".

It doesn't seem so amazing. Shit!
In less than five months, he earned almost 100 billion US dollars.

Even more exaggerated than those listed in Forbes and other newspapers.

This statistic has already made those present guests who don't know the truth doubt their lives.

Like George, he couldn't help poking his family's investment manager with his fingers.

"Steven." George said a little naively:
"You said the symbol above, isn't it a dollar sign?"

"Is there a possibility that it is the currency symbol on the other side of Asia?"

"I remember right! Hong Kong dollars, the money on Hong Kong Island also uses this symbol. Does this 100 billion refer to Hong Kong dollars?"

Steven looked at his boss.

He didn't want to point out that the figures above were in the "million" unit commonly used in the U.S. dollar.

That is "millions", and the October profit of Smith Capital shown above is 3420million.

That is 3420 million.

This measurement method is generally used in the United States itself all over the world.
George looked at Steven's eyes, and he sneered, knowing that what he said just now was a bit silly.

Realizing this, George had made up his mind.

When we go back, we must deal with father.

Let the father put the family's financial management funds on Abel's side.

By this time, in fact, only a few minutes had passed on the scene.

David Mellon on the stage took a deep breath.

David looked forward.

He looked forward to the people below, waiting for a shocked look.

Because David knew that the next data would be even more astonishing.

"Okay. The October one is over."

David, who was holding a microphone above, smiled and said, "The last is the profit for the first half of November. Please take a look."

When everyone sees.

Smith Capital's profit for the first half of November was after the figure of $71.59.

No one is talking anymore.

In the reception scene of more than 200 people.

Everyone seems to have been pressed the pause button, and the discussion and actions have disappeared.

All that remained was the sound of everyone's rapid breathing, and the sounds of waiters walking, preparing drinks and food that had nothing to do with themselves.

For the waiters.

No matter how much money the rich make, it's none of their business.

In addition to their wages, they can't share the slightest profit.

For them, 100 billion and [-] million are actually the same.

The same unreachable, the same astronomical figures.

Of course.

Among the more than 40 waiters, except for a large number of hidden reporters.

They were less composed.

These hidden reporters were a little bit blank at this moment.

The PPT projection played to the end.

It was David Mellon with the help of amplified microphones, and that loud voice woke everyone up.

"Ahem. Finally, it is the total profit of Smith Capital since its establishment half a year ago. Please see the PPT projection."

Behind David is an exaggerated number, but everyone has been numb.

17665 million.

17665 million dollars, 176.65 billion dollars!
"This is the answer sheet Smith Capital handed over to everyone."

David Mellon loves seeing the crowd down there.

Including those giants, the silence and numbness at this time.

Although this is not what David did.

But these achievements, David also personally experienced them.

And it has contributed a lot, and it may still be the one with the most.

Because someone just took a look before the investment started, and made a few phone calls in the middle.

If you show up again at the end, or if you don't show up at all, just call and let us know.

In contrast, David, who is a commonplace to stay up all night, contributed the most.

But David also knows that there are many people who can replace him.

There are probably hundreds of them throughout Wall Street.

But the only one who can do all this is his own boss!

What makes David even more excited now is that.

Among the 176.65 billion US dollars, he can get at least tens of millions of dollars, or even hundreds of millions of dollars.

This made him happier than seeing the shocked expressions of the people below.

"Okay. What will appear later is the first private placement of Smith Capital, the first phase of Smith Fund."

David Mellon was not in a hurry, and continued according to the steps.

　Hilton's name was wrong earlier, it should be Barron's.

　　
　
(End of this chapter)