Chapter 1181： Swift Fund

Which is the hottest VC fund in the world in the past few years?

Swift Venture Capital Fund!

Since its establishment in 2001 with a capital of 500 million US dollars, the fund has almost single-handedly set off a high-tech Internet storm in Asia!

From Samsung Electronics to Naver, from Yahoo Japan to Netflix Japan, from TSMC to HTC, from Tencent to Ali... In just 4 years, Swift Fund has deployed almost all of the more than 40 potential technology stocks in Asia.

The fund's general manager and chief investment expert, Scott Swift, seems to be a god. The stocks he buys can always go up! The emerging companies of his venture capital can always go public successfully!

Although he only has a capital of 500 million US dollars, he was born on Wall Street and used financial means to the extreme. Through layers of iterative pledges and loans, he kept getting funds from banks, and then used leverage to obtain funds from securities companies. Raised a lot of money.

In short, after a series of dazzling means of quick-sighted and bold buying, pledge, financial leverage, and listing and cashing out, the total price of stocks held by Swift Venture Capital Fund has now exceeded 50 billion US dollars!

In 4 years, it has doubled 100 times!

Of course, this does not mean that the foundation is prepared. In fact, many professional organizations are still full of concerns about this.

Behind the $50 billion stock is a large number of low-margin pledges and high-leverage operations.

Once these technology stocks encounter a crisis and plummet collectively, the Swift Fund will face great margin pressure and debt pressure, and it is likely to be destroyed overnight by leveraged games!

However, Scott Swift is a lunatic. Not only did he not take a prudent approach to cash out some stocks to mitigate risks, but he intensified his efforts to continue to obtain cash flow through pledged stocks and continue to invest!

Hence the nickname "Bold Scott" in the venture capital world.

Because of this factor, the investment **** Buffett has met with Scott Swift several times, and kindly warned the younger generation: "There are three ways to make smart people go bankrupt - wine, women and leverage. Catch yourself It's crazy to risk your net worth for something that doesn't belong to you, avoid investing with borrowed money!"

“There is no doubt that some people get rich by borrowing money and investing, but it can also make you very poor. When the leverage is successful, your gains are multiplied, your spouse thinks you are smart, and your neighbors are envious. But It's addictive, and once you've benefited from it, it's hard to go back to playing it safe."

It can be said that this is a piece of advice from a senior in the investment community.

Swift funds play more than just leverage. Leverage is aimed at securities companies and does not require collateral. Even if you lose money, you can stop losses through securities companies. Swift's margined stock pledge, and then another round of leverage, the risk is sky-high.

Once the stock market fluctuates and stops losses to the securities company, the debt of the bank almost loses its ability to repay and is waiting to go bankrupt.

Profits and risks coexist.

The Swift Fund has been the highest-returning VC fund over the past few years, and at the same time, the riskiest fund.

But Scott Swift seemed prepared and confident, and seemed to be indifferent to all these external risks. When he heard Buffett's advice, he simply said: "My boss is Dunn. !"

Buffett was shocked at the time, and finally said: "Good luck to you."

Scott Swift was just a trader in a Wall Street investment bank a few years ago, and now he is worth tens of billions of dollars!

What does he rely on? Isn't that Dunn?

For Dunn's words, he has always been obedient.

Dunn told him to complete the deleveraging of the Swift fund by 2007.

Just follow it.

In his eyes, Dunn is much more powerful than Buffett.

Now, he has received a new task given to him by Dunn - to eat the Disney stock in the hands of the Bass family.

...

The Bass family has held shares in Disney for 20 or 30 years and has a certain relationship.

They can't ignore Disney for their own sake.

Therefore, the Bass family is also very careful in the selection of objects for sale.

First of all, all shell mechanisms are excluded!

This kind of shell mechanism may be controlled by a Wall Street sniper behind it. Once it is taken over by it, it will be very unfavorable to Disney.

After choosing and choosing, I chose the Swift Fund, which has little to do with the United States.

Michael Eisner has also vaguely heard of the Swift Venture Capital Fund before, but because the fund does not invest in the United States, it mainly focuses on Asian technology stocks, so he does not know much.

This time, because the Bass family is connected, Michael Eisner naturally needs to pay more attention.

"This man is a lunatic!"

Michael Eisner looked at the investment reports of the Swift Fund over the past few years, and he was in a cold sweat, and his heart was pounding.

Is this also called investment?

This is life!

The huge capital stock of 50 billion US dollars has to bear unimaginable investment risks and may go bankrupt overnight.

Is there such an investor in this world?

In order to make money, you don't even want life-saving money?

It's even crazier than Soros who shorted Asia back then!

In the stock market chaos in the late 1980s, some crazy investors made more than 200 times in half a year, which shocked the United States. But the result? Because the lever was opened too high, he was soon drowned in the long river of history and became a pauper.

When it comes to investing, it is better to use Buffett's prudent and steady investment philosophy.

Fortunately, the Swift Fund's credit has been very good in the past few years. Although it has made crazy money in the Asian market, it is also the most important customer of major Asian banks, and there is no bad resume.

Coupled with the fact that the Swift Fund has not participated in investment in the United States, this makes Michael Eisner's heart more relaxed.

Since the focus of the fund's work is in Asia, it must not have too much energy to focus on the US market, nor to participate in the day-to-day operations of Disney.

"It looks like there's no problem." Michael Eisner shook his head amusingly, put down the document in his hand, rubbed his tired eyes, and was in a good mood, "This bold Scott is simply Dunn in the investment world. Walker. It looks like he is aware of the risks in tech stocks and wants to buy some value stocks to hedge."

Anyway, he was relieved.

The Bass family's stock transfer agreement was approved by the board of directors.

The Swift Fund took 1.35 shares of Disney stock from the Bass family at a price of $20.2 a share, for a total of $2.73 billion.

The Swift Fund also replaced the Bass family and became the largest shareholder of Disney!

On the day the news was announced, Disney’s shares plummeted 6% at the open to $19.8. It then bounced back, rising to $20.9 at the close.

...

Natalie is already a little pregnant, and every day after dinner, she has to take a walk in the manor.

Blake Lively made a gesture of sympathy, helping each time.

She knew that the attitudes of Scarlett and Gale were not important in order to pass the test, and they would hardly refuse. It mainly depends on Natalie, so during this time, she always tried her best to please.

Natalie naturally understood her thoughts, so she walked around the artificial lake in Manor No. 1, and whispered: "Blake, you have seen the environment of our house, it is a typical polygamous family. It is certain that, There will only be more women in the future. Do you really want to join in?"

"I think! I've made up my mind. I went home yesterday and made it clear to my father and sister. I want to become a family with Dunn and you. I like the atmosphere here."

Blake Lively said without hesitation.

Natalie was like a mirror in her heart.

What's so good about the ambience here?

In addition to luxury and luxury, how can there be any warmth and romance at all? To put it bluntly, it is still a wealthy life where there is no worries about food and clothing, and servants are like rain.

Natalie said: "Don't watch Dunn dote on you now, wait for a while... Even if you get to bed, it's a routine. You may think this kind of life is not bad now, but you may not be so happy in the future."

Blake is also a smart girl She guessed Natalie's thoughts at once, this is to persuade her to quit!

"No, haven't you known Dunn for six or seven years? I think we have a good relationship, and so is Scarlett. He is my man, and I have confidence in him. "

She is not a careless and silly girl like Scarlett, she is sober after a few words.

Natalie's eyes flashed lightly, she turned her head to look at her, and said intentionally or unintentionally, "Yeah, Dunn and I have been together for several years, we've gotten used to it, and I can't live without him."

"Me too." Blake refused to admit defeat.

"Have you ever thought about what to do if the old man turns yellow after waiting for decades? At that time, he will be in his prime, and the beautiful girls around him will be like leeks one after another. At that time, you may only be forty or fifty years old? Maybe you will lose the married life you should have, how to solve your personal needs?"

Natalie really didn't want Blake to be a family, mainly because the girl was too smart and ambitious. This made Natalie feel a sense of crisis.

What Blake said would not leave, "I know, I have thought about it, I can adapt to that kind of life. Besides, didn't Dunn make arrangements for us? I don't think this is a problem. "

"Um?"

"Yeah, didn't Dunn group us, you and Scarlett, I and Gale. Taylor and Lily will definitely be together in the future. He must have thought of everything we can think of, so The arrangement may be to prepare for the future. If there is a need, let our sisters solve it by themselves. "

Natalie bit her lip and said nothing.

The fact that Blake Lively was aware of this showed that she really thought of everything and would not give up if she didn't join the big family.

.