Chapter 265： Apple's major shareholder

After finishing Rick Walton's engagement ceremony, William Chen talked to him about the conversation between his uncle and William Chen at the dinner that day.

"Yes, he told me about it, and as you expected, I rejected him. I'm glad to hear what you said, William, it shows that we have the same view on Zoom. Now the Walmart Group It’s just mechanical thinking that Amazon is growing so fast in e-commerce, maybe they can try, um, try, that’s all.”

Rick Walton told William Chen on the phone:

"But our goal is not to be an attempt by Walmart Group, but to help it transform, and without such a position, joining it would only be self-defeating."

Just like what William Chen said to Rob Walton, the current Zoom company, he will definitely not agree to sell, and will only give a valuation of 1.5 billion US dollars at most, which means little to him.

He is not an entrepreneur of start-up companies. His expectations for Zoom are far more than that. At present, Zoom has just started to serve in three states on the west coast. New York on the east coast has just begun to be involved, and the volume is still not large. .

At least when Zoom covers most of the states in the United States, William Chen will consider merging it with Walmart Group. Yes, it is a merger, not an acquisition, because only then will Zoom's size be enough to compare with Walmart Group.

The current Zoom, facing the Wal-Mart Group, is just a huge gap between the towering tree and the grass, and it cannot be equal at all. Even if it is acquired, it will only add a fresh toy to the Wal-Mart Group.

...

After attending Rick Walton's wedding, Ivanta said to William Chen:

"William, how about we also choose to have our wedding on the island? I think Rick's engagement will be good, so that there will be no interruptions from reporters."

"I also think it's good, dear, we can ask the planning company what suitable islands are available, and then I will package the whole island and hold our wedding."

For the wedding, William Chen will satisfy Ivanta's ideas. For him, this is just a formality, but for most women, it may only be once in a lifetime, and it is worth remembering thing.

When the two returned to New York, William Chen continued to arrange for Martin to put more than $20 billion of funds currently in the hands of Meta Investment Company into $15 billion into U.S. stocks.

At this time, the initial investment of 20 billion US dollars of Tianshu Fund has been received. Before the stock market has fully recovered, almost all the stocks he has invested in have been allocated, which is also 15 billion US dollars in total.

The 15 billion U.S. dollars of Meta Investment Company are still mainly invested in technology stocks such as Apple, Microsoft, and Google.

Apple stock, in particular, will account for about half of the $15 billion in funding, reaching $7.5 billion in funding.

When the stock absorption is completed this time, the Apple shares held by various funds in William Chen's hands will soon account for more than 10% of Apple's total share capital, because according to yesterday's closing price, Apple's market value is about 130 billion US dollars, compared with the second. The stock price rose more than 15% at its lowest point during the mortgage crisis.

But this is just the beginning. With the upcoming release of the iPhone 4 and the popularity of smartphones, Apple will usher in an explosion in market value.

Of course, if these Apple stocks held by William Chen are combined, it will be very conspicuous, and it will immediately become the institution with the highest holdings of Apple stocks.

It's just that the Apple stocks he holds are held by three funds respectively, so they will only appear at the top of Apple's holdings list and will not be particularly prominent.

It is also worth mentioning that the Tianshu Fund still has 5 billion US dollars of funds left unused. These funds will definitely not stay in the fund's account all the time. They are completely used for "dirty work" for William Chen .

For example, it is like MGM Pictures in the 20th century. These big Hollywood companies do not mean that all movies need high box office. Every year, they invest in movies of that kind of award-winning type. It also plays a big role in the company's reputation.

For this kind of film, the difficulty of making a profit is very high, and often it will not make money or even lose money.

But you can’t stop shooting. At this time, you can invest in these films through Tianshu Fund. After all, in addition to involving Internet technology companies, entertainment is also a very important direction. Investing in film and television works is a normal operation.

Therefore, in this way, the investment risk of these films can be transferred to the Tianshu Fund, and the good reputation is obtained by MGM Pictures in the 20th century, which is perfect.

And even if it is a commercial film that can make money, it is not impossible to use such a method to leave the proceeds to the film company. Many laymen who invest in movies are swindled by film companies in the industry.

A very famous thing is the "Harry Potter" series. It is said that the movies in this series not only did not make a profit, but also lost money. Can you believe it?

But that's what happened. The film "Harry Potter and the Order of the Phoenix" has a global box office of more than one billion, but the investors of this film not only did not make any money, but also lost a lot of money. Why?

Because according to Warner Bros. data, the production of the film lost a total of $167 million. Yes, you read that right, at least that's how Warner Bros. accounts.

Therefore, it is a common phenomenon to say that the hot money of the layman enters the film and television industry, and is accounted for by the film and television company in various names, and the profit is transferred.

Therefore, William Chen only needs to make 20th Century MGM spend more money in some commercial films, and it is easy to keep the profit of the investment in the company, which is what everyone does anyway.

There are many similar "dirty jobs". The most important purpose is to use the 5 billion US dollars to help the development of their own industry, and to be responsible for the kind of work that does not give much return.

The other 15 billion US dollars of high returns in the stock market can be successfully invested by the 5 billion US dollars, and the return rate can be pulled down, so that Chen William's Tianshu Fund will not stand out from the crowd.

Because there is absolutely no need to seek such a high rate of return, yes, it is still within the experience of Chen William's previous life, so it is naturally not difficult to obtain a high rate of return.

But after this time period? How to maintain such a high yield? The so-called “promotion of kindness and feud” means that you have made investors accustomed to high returns. After that, even if your fund’s return rate is not much worse than other funds, it is easy to cause investors to complain.

You can't get too full at once, that's all.

At least Chen William can guarantee that Tianshu Fund, even after such "dilution", will not be lower than Buffett's Berkshire Hathaway, and will be more profitable than this excellent fund. Gao, this is enough to be worthy of his investors.

...

Just when William Chen was thinking about his future investment, in Europe, the Greek sovereign debt crisis had occurred.

As a result, the exchange rate of the euro against the dollar plummeted by nearly 5% in a very short period of time.

This value may be inconspicuous in the stock market, but in the foreign exchange market, it is already a very dangerous signal.

Speaking of Greece's sovereign debt crisis, it has to start when they joined the euro zone, and they have some relationship with Goldman Sachs.

Greece's geographical location is good guards the entrance to Europe, so the shipping industry is very strong, and it should be able to develop well.

However, the welfare of the people in Greece is very high, causing the government's welfare expenditure to exceed its capacity. Under this so-called "democratic" system in the West, every political party candidate dare not publicly announce the reduction of welfare.

In this way, the welfare that the Greek people can enjoy will naturally increase substantially every few years, and no one will care that the government will be in debt.

In 2001, in order to join the euro zone, Greece had to ask Goldman Sachs investment bank to "beautify" its finances.

At that time, the EU required every country to join the euro area, its fiscal deficit should not be higher than 3%, and the government debt ratio should not be higher than 60%. However, for Greece, these two items cannot be done anyway because of the high government spending on welfare.

So Goldman Sachs, as a consultant to Greece, came up with a way to lend $10 billion to the Greek government and convert Greece's existing foreign debt into long-term debt.

That is to say, within a few years of Greece joining the euro zone, there is no need to repay the debt; in this way, its debt on the government's books is far below the warning line, and Goldman Sachs has earned 300 million euros from Greece.