this man is not calm

Chapter 372 Day Greetings

There is no need to measure too carefully. You can see it from the size comparison of audio and video files. A popular song in MP3 format is three or four megabytes in size, and a video of about half an hour is at least more than megabytes.

In terms of the amount of information conveyed, music, a relatively abstract method, is far inferior to the more concrete and intuitive video.

In the night, Jin Shang and Li Xuan talked a lot about the pros and cons of both. Unconsciously, the temperature gradually turned cooler, and the cold air that came from the sky made people shiver uncontrollably.

"It's going to snow..."

I don't know when it started, but cotton-like petals began to float down from the dim sky. More and more of them came into contact with the exposed skin and instantly turned into cool water vapor.

Li Xuan stretched out her hand to catch more and more snowflakes. She pulled Jin Shang's sleeve.

"It's time to go! You... I always feel like you're a little different from when you were in college. The way you think about problems is becoming more and more utilitarian."

"Is that so? Maybe I'm too busy. I have less and less time to do what I want to do. Poetry and distant places are all on paper, and I can't escape from the present."

"If you really want to take it easy, it's still possible. You're not an employee, you're the boss. It's just that things have changed so much in the past two years, and I haven't had enough time to adjust. I haven't found the balance between career and life."

"Indeed, it's time to train an executive CEO. If he does the work of both the chairman and the general manager, he won't have time to consider fundamental issues. Besides, all the commotion is annoying. I'm here to enjoy life and realize my own value, not to be led by the nose by trivial matters."

In the past, the business had a small foundation and could not withstand any disturbance, but now it is not so dangerous anymore.

This is especially true for Jin Shang, who has the "golden finger".

When the scale is small, the effect of improved efficiency is not intuitive, but once the number of employees increases to thousands, the slight advantage becomes extremely obvious.

For an output value of several million, doubling it will only result in that much. For a scale of tens of billions, a fluctuation of one or two points will result in several hundred million.

At this point, Jin Shang had to admit that he had underestimated the "Golden Broom" before. This is definitely a "magic weapon" of the late stage. The larger the enterprise or the larger the group, the more terrifying the advantages it brings.

Arbitrage in the bond market is just a trial run. Once the real effort starts, the natural expansion speed of the giant Jinxi Culture will be extremely impressive.

He basically did not hide any of his thoughts from Li Xuan.

The two returned to the car, sat down, turned on the heater to warm their cold hands and cheeks.

"Come to think of it, I stood on the side of the road for so long, but no one asked me for an autograph. The fame of the so-called pop star Yuan Xiu is still not enough after all."

"Your little band has three beautiful girls who are so conspicuous. Who can't see the rough guy who is so conspicuous?"

“It’s not that exaggerated!”

Jin Shang said he was not convinced, but he knew the truth in his heart.

The impression that Phoenix Legend leaves on people is Linghua and that guy. Zeng Yi's name is not even worthy of being remembered. Of F.I.R, only lead singer Jann Arden is memorable. The other two core members are not handsome enough even to serve as background boards.

Jin Shang is the lead guitarist, side vocalist and captain of the Xiaomaza band. In fact, he is more like a behind-the-scenes support staff member and singer-songwriter. In the past six months, he has had very few opportunities to practice with the other three.

He has released several golden songs, but he is at a stage where his songs are popular but he himself is not. He is not noticeable at all among the lead singer Mei Shuying and the charismatic Fang Hua. He is even slightly inferior to Zhang Yu, whose singing and dancing leave people with an energetic impression.

Musicians in the industry have high opinions of Yuan Xiu, this "highly prolific" and mysterious original singer, but he is a nobody in the eyes of outside fans. Apart from a few loyal fans, he can't expect much popularity among passers-by.

"The domestic music industry is a relatively closed circle after all. Mainly... I am not a professional, so I never interact with people in the same field."

In the beginning, there were invitations from people, but later on, no more. Apart from some personal connections through Zhang Qian, Luo Yang and Dai Yiqun, Yuan Xiu was an invisible figure in the music industry.

Of course, mysterious is also a good label, so that there will be no trace of "Yuan Xiu".
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The next morning, it snowed heavily in the middle of the night and the snow on the road was very deep. Many people helped to shovel the snow. At noon, Jin Shang came back carrying a shovel, wiped the sweat off his body after exercise, woke up his girlfriend, urged her to wash up, and after breakfast, drove to the old house where Lao Huang lived in seclusion.

In the past, it was father Jin Shi who handled the comings and goings, especially on the Lantern Festival, when there were many people who needed to be visited and received. This year is a little different. Little Jin Feng played too crazy yesterday and sweated a lot. He caught a cold at night and is still getting an injection in the hospital.

Since his parents were with him and didn’t have time to move around, Jin Shang had to do some of the work.

You don't have to worry about most of them, except Huang Zhengkuo, who you need to visit.

More than half an hour later, Jin Shang arrived safely and took Li Xuan into the small manor. They saw a row of cars parked outside. It seemed that quite a few people had come here today.

As I walked through the front yard, I saw an old servant coming to greet me.

"As I recall, you are the Black Butler?"

"Thank you for your concern, Master Zhijiang, welcome. Master Sun has already informed them, so they may not be able to come today..."

"No, no, no, I've never used that name."

Old Jin is not in the old family tree, so there is no need to talk about generational relationships or call him by his old name.

The old black butler was a mixed-blood Turkic ancestor who returned to China and followed the ancestors of the Huang family and served them for hundreds of years. He is even more loyal than the predecessors of the Nan brothers. It is estimated that many direct descendants know more about the family secrets than the black butler.

Lao Hei smiled without arguing. He looked at Li Xuan who was following Jin Shang, and then led the two into the hall. There were already some people inside. Some were standing in groups of three or five and talking in low voices, some were sitting and drinking tea, and some were arguing with the waiters. It was a bit chaotic, but when Butler Hei, Jin Shang and others entered, the noise suddenly became much quieter, and everyone looked over here at the same time.

Feeling a little uncomfortable, Jin Shang curled his lips, walked straight through the long corridor, pushed open the quaint wooden door, and continued forward.

As for the other youngsters who were indignant about Jin Shang cutting in line and wanted to step forward to argue, they retreated obediently under the silent gaze of the black butler, not daring to even fart.

As for Jin Shang, he walked into the living room, which he had been in several times and felt somewhat familiar with. He found that the light inside was a little dim, except near Old Huang, who was reading a newspaper at the tea seat by the floor-to-ceiling window.

Hearing the noise, Huang Zhengkuo looked over.

"coming?"

"Ok!"

He put down the gift he had brought and walked closer. Huang Zhengkuo gestured for him to sit down, and the two of them sat opposite each other at the tea table.

Old Huang looked at Li Xuan and nodded, neither saying it was good nor bad. He had definitely seen her in photos, but this was the first time he had seen her in person. As for the impression, he probably wouldn't care.

"Your father has changed a lot in the past two years. He used to be a mediocre person with a little cleverness, average ability, and lack of courage. These days, he has become a bit more responsible. After having a second child, he has become much more stable."

"If he knew your evaluation, I wonder if he would be happy or disappointed."

“It’s definitely different!”

A few years ago, Lao Jin really didn't like these relatives in his family, and was even a little afraid of Lao Huang, but he still tried hard to handle the relationships between all parties smoothly, maintain stability, and live a life without much change.

Small gatherings like the Lantern Festival will never be missed. It is rare for someone to not come because his or her child is sick, as is the case now.

What it boils down to is that I lacked confidence before, but now I am not so timid.

The old man and the young man exchanged a few meaningless words. Li Xuan smiled faintly on the side, did not interrupt, and occasionally poured tea for them calmly.

"I originally thought that you would be more or less in a mess, but I didn't expect that you would break through so quickly. Those good things are now yours."

"I am the only one who can handle it. If it were in the hands of others, it would be a hot potato. I made money, and you didn't lose anything. I have to say that the old ones are the wisest..."

"That's your ability, but... it's indeed much better than I thought. Gambling in the bond market can make money, but it also has risks. It's not bad that you can choose it as a breakthrough point, but... have you ever thought about offending others?"

"I know, the market is so big, everyone depends on their own ability. Isn't that the way financial capital works? As long as they can break the rules, they will definitely not behave themselves. If that's the case, why bother worrying about whether I'm stealing food from the tiger's mouth?"

Jin Shang knew Lao Huang’s reminder and understood it very well.

The bond market is very complex and full of big sharks, even more brutal than the stock and futures markets.

For example, Jin Shang is currently engaged in massive arbitrage on junk bonds. Don't think that there are no conflicts of interest involved. They just have low ratings and high discounts, which does not mean that they have no meaning of existence.

Imagine that A borrowed 10 billion from B, with an agreed interest rate of 10%, with principal and interest to be repaid in one year. B took the IOU, packaged it into bonds, and sold it to C for 10.8 billion. B recovered the principal and made a profit of 800 million. C had two years of interest rate spread income after one year. Both of them were profitable. C was also not ambiguous and sold 10.5 billion to D, also recovering the principal and making a net profit of 300 million.

After Ding got the bonds, he would not sit and wait to collect the money, but would continue to resell them. He did this again and again, and when they reached the hands of the creditor, he spent 10.2 billion yuan and made a net profit of 800 million yuan a year later.

At this time, A's operation came, concocting a lot of negative news, disrupting the market, exaggerating the risk of bond default, and downgrading the rating. As a result, Ji panicked, fearing that the bonds in his hands would be lost, so he exchanged them for 8 billion yuan to Geng at a 20% discount. Geng did not want to hold a big bomb in his hand, so he continued to sell at 6 billion yuan.

After a period of time, the bond, which was worth 11 billion, was sold at a price of less than 2 billion due to various panic-stricken negative news. So A took action and bought back the bond for 1.5 billion.

At this time, a magical thing happened. The creditor and the debtor were the same person, so the debt relationship disappeared. Through this operation, A made a net profit of 8.5 billion and did not have to pay a penny of interest.

As for who gains and who loses in this process, it all depends on their own abilities.

Of course, the above example is extremely exaggerated and special, and the actual operation is much more complicated, but it can accurately reveal the cruel truth to outsiders who do not know the truth.

Artificially created information gap is very conducive to capital arbitrage.

If Jin Shang, the "junk bond king", can make a fortune by intervening, it means that some people in this industrial chain will lose money, and some people's wishful thinking will not come true.

"In the bond market, which has no actual output, every penny you earn is a loss for others. You are still an outsider, so it is not easy to take away the profits smoothly..."

Huang Zhengkuo said leisurely,

"It all depends on your ability. Only players of the same level are qualified to say that."

"Isn't this also you?"

Jin Shang spread his hands very straightforwardly.

"If it's reasonable and legal, you can't use tricks on me."

Jin Shang is indeed not very strong now, but he has a powerful ancestor.

From the beginning, Jin Shang has always been, in a sense, the diner with the knife and fork, rather than the dish on the table.

The myth of getting rich from scratch cannot be completely denied, but it is definitely not that common.

You know nothing and yet you run to the capital market to reap the profits. Do you really think others won't pull the plug?
"You are so clever and frank that you don't even try to disguise yourself."

Huang Zhengkuo laughed heartily and said,
"You accuse me of scheming. You are not a bad guy. You are a rich kid who started a business, but you use your family background to your advantage without hesitation. You are such a sly person."

"Why should I tie my own hands and feet just to prove my ability?"

Jin Shang responded disdainfully,

"You should have dignity when you need it. When necessary, you can cash in on something like dignity. I may not bully others, but I will never be bullied by others."

"Looking at you, it's like your grandfather is talking to you in person. Unfortunately, you are unlucky. You are a lucky person. The timing of your appearance is neither too early nor too late."

If it was earlier, the timing would be wrong and there wouldn't be much chance. If it was later, Lao Huang would probably be dead. Without the big tree over his head to protect him from the wind and rain, he wouldn't be able to be so arrogant about many things.

"I'd be grateful if you didn't scheme against me all the time."

One year older, Mr. Huang still looks good, but his energy is definitely not as good as before. At this age, every extra year is a victory.

Jin Shang and Li Xuan didn't talk too much as there were many people outside waiting to get close to them, so they didn't disturb them for too long.

This trip was not completely fruitless.

The series of licenses that I asked Lao Huang to apply for last year finally paid off, especially the most important IPTV license and OTT license that will be used soon. With them, Jinxi Video will be a compliant video service platform that can produce and distribute trial programs. In the past, it was just skirting the legal loopholes. Just because no one cares now doesn’t mean that no one will care forever.

With Lao Huang's intervention, things became much easier, and another hurdle before listing was overcome.

(End of this chapter)