Chapter 263

[263] Secret Gallery 1 The New York Miracle was rolling with an average return without any major change. This is also due to the management philosophy of zero loss rather than high risk high return of Rachel Arief.

"James, Howard. We try not to touch derivatives as much as we can. "

"What is the reason? There is nowhere else to invest in Wall Street, except for derivatives. "

I smiled and asked, but her firm expression was not solved.

"Do you know how many hedge funds are moving with the money of large investors now? Ten years ago, there were about 500, but now there are over ten thousand. These guys are all rumble derivatives. "

She started getting excited.

"It's rather a private equity fund. Because this is judging enterprise value and buying undervalued company. At least there is an entity called a corporation. "

"But high returns are derivatives. I can not ignore it because of risk avoidance. "

Oh Se-hyun seemed a little frustrated, but Rachel shook her head hard.

"If you twist a derivative two times, the only person who can draw the substance is the one who created it. The rest is dividing, and it's a fool's dream. "

"So why do not Rachel make her own derivatives? It is a product that knows the substance very precisely. "

It seemed a bit embarrassed by the unexpected proposal, so I shook my head.

"We can not do Miracle. To make a direct derivative, I have to get approval from the International Swaps and Derivatives Association (ISDA). "

Miracle's scale is not that difficult to approve. However, I do not have any idea if I refuse such an excuse.

"We have to invest in sound corporations, good stocks, sure bonds and keep our customers' money first."

When Seo Hyun tried to open his mouth, he grabbed his hand.

I believed she was the right judge. I do not need to carry all kinds of risks anyway. It is because a strong room comes again.

"Rachel. So what if you believe my judgment? "

"Tell me, Howard. I always believe Howard's judgment. "

She glittered her eyes.

"We do not intrude on derivatives of currency, interest rates, and stocks, but buy credit derivatives, especially CDOs."

The shining Rachel's eyes turned into ashes in an instant.

It is good to have offered her the most dangerous goods that safety is the top priority.

"The products based on mortgage bonds are now hot. But you also know that the underlying asset is the most dangerous product in the bond? "

Absolutely. In my opinion, it will not be for two years. Two years later, you have no confidence, so just roll for two years. "

I can not overturn the statement that I believe in my judgment.

"What percentage?"

"My prediction is that it will yield about 38% for two years. Judge by considering the overall profitability of Miracle. "

Rachel's face grew brighter as she notified her of the specific rate of return and decided to invest the money.

Okay Once again I'll trust Miracle Boy's judgment. But I do not think I came here to try to make this kind of small thing. It's an investment history. I check it by e-mail every day. "

"My Miracle Boy is going to do art this time. I have to help Rachel. Haha

“What?” art?"

Rather than investing in derivatives, Rachel was 100 times more surprised.

* * * "No, what do you do so complicatedly? You can just buy it. Howard, you're a supercollector. Just buy a mansion in New York and fill it with pictures. Why bother to take over the gallery? "

Rachel made the impression that she could not understand the picture taking process.

"Where I have the picture I want to buy does not sell it to me. So I have to set up an agent … . Look for the right place. Rachel knows a lot of rich people, right? The rich will naturally collect art. It's not difficult to get introduced to one of the galleries. "

"That's true, but … "

I still do not loose my doubts.

"Come on, do not look too curious. Do you know? How does Howard's picture surge? It's Howard's ability to turn into gold when you touch him. Haha

Oh Se-hyun blocked her mouth so she could not get any more.

"I have met in a long time, so I have to spend the evening tonight. Let's breathe. "

We were led by Osseon 's hands to the gorgeous New York nightlife.

Enjoying the dinner, the expensive Claudia Griffie Cognac, like a shochu, was awakened by Osehyeon, who started to nod at the second shift.

"Well, the retired middle-aged man sleeps, so we should talk about the real thing," he said.

Gallery

No. No matter how you look at it, it's like your private thing. I'll find out the best gallery. The story I want to … "

"Collateralized Debt Obligation (CDO)?"

Really? Now Wall Street is going crazy. All of them are spoofing CDOs and credit default swaps with subprime mortgages as underlying assets. Well, you said you would not be in two years, but … ? "

"Why do you think it's so dangerous?"

"It's a sub-prime. It means an obvious bad loan. We bundle it together and make it a commodity. This is a scam. "

"Successful fraud is not a fraud. When it fails, it's a bit of a scam. "

"Your guess is that it will not last two years from now?"

"Yeah. Balloons do not pop up easily unless you poke them with needles. To put air into the air, America will have to blow balloons for two years without stopping. "

"The problem is that if the balloon breaks, the US economy will be a mess."

I looked up at her with anxious words.

"So?"

“What?”

"Rachel. You are a citizen of the United States, but you are the representative of our company. Do not you have to pay more attention to your company's return than the US economy? We leave the US economy to the US Treasury. "

"They are one of them!"

"If we are concerned about the US, I will step down from the position of Miracle CEO right now and jump into politics. I will push the campaign funds to infinity. If you do not think about it, just think about your company's return. "

She seemed upset because of my cold voice.

"Mi, sorry. I was not pro. You're right. I am a New York citizen, not a Washington. "

"If you can not break the flow, get in the flow. Money and justice are parallel lines that never meet. "

Agreed. So how are you two years? "

The fact is three years, but I thought it was two years. I can not tell you the truth anyway, so it is easiest to ask questions with homework.

"Calculate. It will be two or three years. "

"Counting … … "

"Then did I ask you for a crystal ball?"

I heard a glass of whiskey that melted ice.

Does it look like a mysterious Asian?

* "*" Elizabeth Porter. My friends call me Bette. Nice to meet you. Mr Jin. "

"Relax, Howard."

"Is that so?"

She was a tall, tall beauty with black skin and severe black hair that seemed to be a mixture of black blood.

Howard Bette studied history at Yale and art history at New York University. I am now Director of Wentworth Art Gallery. "

Rachel pushed her up.

"I am the director, but I can not play my role and it is just before the door closes."

She looked at her bitterly smiling.

"How much is the debt?"

“……?”"How much do you need to close the door?"

"Oh, about $ 1.2 million, you have a sore throat."

"What year's budget?"

"It's $ 2.5 million. But the income coming through the exhibition program is also … "

I lifted her hand and closed her mouth.

"I will support $ 3 million every year and be reborn as a good gallery. Did you? "

“……!”Bet Porter blinked with his eyes wide open.

"What did I say? Did you say it was a jackpot today? Ho Ho."

Rachel laughed and pounded Bet Porter with a blank face.

"Well, wait a minute. Now this is what … ? "

She woke up and pulled a bunch of files.

"This is the current status of our gallery. I guess it's the order of review. "

I took the file she gave me and threw it at her side.

"Do you have to see it?"

"If you know well about our gallery or me … ? "

"No, I do not know at all. In fact, art is nothing more than an outsider. "

"But is not it strange that I do not wonder that it supports $ 3 million a year without reviewing the gallery?"

"Does not favor without favor mean rejection?"

"Because there is no free lunch."

She is not a realistic woman who is immersed in art. I know the basics of business.

The fact that the gallery operated by this woman is in the red is a matter of scale. Well, where is art that does not suffer from deficits?

"Who said it was free? My promise is valid when I get what I want. "

I put out a lot of paper on the list of works.

"Let's see it once."

Bet Porter scraped through the list and hurriedly read it down.

Her face became more and more red. In the end, the elasticity burst.

"Holy Shit! Wow

"Is that so great?"

"No, you do not know this? Mark Roscoe, Paul Cézanne, Jan Van Eyck, Titian … . Besides Damian Hirst. It's all human heritage! "

"Do you know what they have in common?"

You heard me! It's a great masterpiece. "

She did not calm the excitement. I can not even see the name Sungyang Gallery which is clearly printed under the paper with the list.

"I buy it all. Of course I will not sell it, but I want to buy as much as possible. That's my condition. "

It is a tremendous shock to her. If I can get my work done, it will cost three or four hundred billions.

"Oh, I do not have to worry about money because I will pay the full price for the work."

"That, who works better than this … ? "

She glanced at the paper again.

"Sunyang Gallery! It's all in the Sunyang Gallery. "

Four

The face of Bet Porter who confirmed the name was full of disappointment.

"Give up. The works in the gallery are famous for not seeing the sun again. I sleep in the store forever. "

Now I was disappointed and angry.

"A masterpiece is a notorious gallery that never displays. We have to exhibit at least once a year, if not always. It is the duty of the gallery to hide the work and keep it. "

"We will sell even if we do not exhibit. Of course I will not sell it all. "

"What does that mean? Sunyang Gallery is not a trader. "

"Believe me and go ahead. You do not lose money? "

She is still confused because she has only come in unbelievable stories during this short time she met me.

But Bet Porter took the opportunity of a lifetime.

As such, the opportunity is not foreshadowed but is revealed at once. There is not much time to worry about whether to take the opportunity.

Chance is a fool who waits for a very short time.