Rebirth Strongest Tycoon

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Although I had learned about Xia Yu from the information before coming, Buffett was still inevitably shocked by seeing Xia Yu’s youthful appearance.

But he is 50 years old, and he can hide his true thoughts well.

With a kind smile on his face, he said: “Mr. Xia, take the liberty to interrupt this time, it may take some time for you.”

Xia Yu smiled and shook his head: “Mr. Buffett is polite. In fact, I wanted to contact you a long time ago and learn from you some investment experience. It’s just that the company has just set up a branch in Wall Street during this period, so there are more things.”

Buffett nodded said: “I can understand that the initial stage of the company is the busiest.”

“Mr. Buffett, your coffee!”

“Thank you!”

Xia Yu took a sip, put down the cup, and calmly looked towards Buffett and said: “Mr. Buffett, I have heard of your reputation a long time ago. You are a very investment-minded investment master, Berkshire. Saver was just a textile factory on the verge of bankruptcy, but in your hands, it turned around perfectly and became a dynamic financial company, which is extremely rare on Wall Street!”

Buffett laughed and seemed to have noticed Xia Yu’s attitude. He said modestly: “No, there are many accidental factors in my success. Several times my company almost went bankrupt. It was just that someone happened to help or good luck.”

Xia Yu laughed, skipping this boring topic, and suddenly said, “Mr. Buffett, you are here this time to ask why we suddenly bought Berkshire Hathaway’s equity shares by a large margin?”

Buffett didn’t expect Xia Yu to take the initiative to say this, which could not help disrupting the scene he had originally expected. He suppressed the fluctuations in his heart and looked towards Xia Yu, nodded and said: “Yes!”

Xia Yu said with a smile: “I have just said that, because I am very optimistic about your investment philosophy, I believe that under your management, Berkshire Hathaway will develop very well, and I also want to follow You make a friend, so use this way to show your support and recognition!”

“I’m sorry, it seems to have caused you trouble.”

Buffett raised his brow, he didn’t expect Xia Yu to say so.

He stared at Xia Yu directly, as if he wanted to confirm the authenticity of Xia Yu’s words, Xia Yu smiled lightly, and looked at Buffett calmly.

A few seconds later, Buffett smiled brightly and said: “It turns out that it is, thank you Mr. Xia for your recognition. It is an honor for me. I am glad to be friends with you!”

……

“Mr. Xia, can I know how many shares Polaris Capital has purchased now?”

Xia Yu did not file with the New York Stock Exchange in time for the shares he purchased, so Buffett didn’t know that Polaris Capital had already shared 5% and the ratio of 1:1 was normal.

Xia Yu did not hide it, and said frankly: “Mr. Buffett, now our company has 5% equity shares.”

Buffett’s eyes narrowed, said with a smile: “It seems that my company will have another important board member. This is really a happy thing.”

After laughing, Buffett suddenly asked: “Mr. Xia, can I know how many shares you plan to buy?”

After speaking, Buffett stared at Xia Yu closely.

Xia Yu indifferently smiled and thought about it slowly said: “Mr. Buffett, please rest assured, I am friendly to you, so I can tell you our company’s plan. The original plan was to buy Berkshire Hazza Wei’s total equity shares are 10%, and the plan remains unchanged.”

Buffett’s complexion suddenly eased, and he didn’t know if he believed Xia Yu’s words, he said with a smile: “Is that so, then I’m relieved.”

Then, he laughed at himself and said: “Mr. Xia, let you see the joke. To tell you, I do have some fears about Polaris Capital. After all, your company is strong and fully capable of bringing our company Mergers and Acquisitions. , But Berkshire Hathaway is the most important part of my life, so I have to be nervous.”

Xia Yu nodded said with a smile: “I can understand. I’m sorry that our sudden behavior caused you trouble.”

“I believe that we will get along very happily in the future.”

“Before I came, I still had concerns, but now, I am completely relieved, and wish us happy cooperation in the future!”

After letting go of the worries in his heart, Buffett was in a good mood. He seemed to want to get to know the upcoming cooperation partner. He and Xia Yu continued to chat for a while, and then invited Xia Yu to play golf next day. Xia Yu readily agreed.

The next morning, the United States National Golf Links Course.

Xia Yu, dressed in sportswear, saw Buffett waiting at the gate of the court. After a while, two people entered the court and played golf.

Although Xia Yu is young, his skillful golfing skills surprised Buffett and praised Xia Yu’s superb skills.

Playing golf, chatting about the latest news in the New York financial market, or discussing the financial situation in United States.

No matter which topic it is, Xia Yu can talk freely, it seems that there is nothing he doesn’t know.

After playing for a long time, it seemed that he was a little tired, and Buffett suggested going to the side to rest for a while.

The 2 people each leaned on a comfortable recliner, the soft sunlight poured down from the blue sky, the light was warm, the breeze was blowing, and the fragrance of the grass came.

“Mr. Xia, what do you think of the insurance industry?”

After taking a sip of juice, Buffett suddenly looked towards Xia Yu and asked.

Xia Yu raised her eyebrows, looked towards him, and said: “2 After the war, the insurance industry market has been expanding. The peak period was 1977. Non-life insurance direct business premiums increased the fastest, reaching 20% ​​at one time. The premium of the business has increased by more than 25%.”

“However, after 1977, the development speed of the insurance industry began to decline rapidly. According to the current trend, it will definitely be lower next year, and there is even a high probability that it will continue into the next two years.”

Xia Yu’s judgment made Buffett frown. He thought for a while and said to Xia Yu clearly: “Then Mr. Xia, do you think the company’s investment in GEICO is necessary to continue?”

Could it be that where the wind is missing?

Or Buffett’s simple temptation?

Several thoughts flashed in Xia Yu’s mind.

He thought for a while, considering how he would get along, he simply explained things clearly in advance, and said: “Mr. Buffett, I personally think that Berkshire Hathaway should have less investment risk when its capital is limited. company of.”

“Let me tell you, before paying attention to Berkshire Hathaway, we just wanted to buy an insurance company, but you also know that the insurance industry is mostly the core industry of major consortiums, so our company paid attention to GEICO The company commissioned Merrill Lynch to acquire it.”

“That is to say, Berkshire Hathaway was discovered in GEICO’s shareholders. After further understanding, I decided to purchase your company’s equity shares.”

“You ask, is Merrill Lynch already looking for you?”

Buffett nodded said: “Yes, Merrill Lynch has come to the company 3 times, but I didn’t expect that you want to acquire GEICO.”

“You just said that the growth rate of the insurance industry will continue to decline, so why do you want to enter the insurance industry? Or do you like GEICO, which is deeply mired in the quagmire?”

Xia Yu laughed and said: “It is because of the decline in the insurance industry’s growth rate that we can enter more easily. Isn’t it easier for GEICO to acquire a loss?”

“As for the investment risks and losses brought about, our company doesn’t care. We can afford the money. If GEICO is a healthy company, we want a wholly-owned acquisition, the difficulty is twice as large as this General. , Much higher than the current risks and losses.”

Xia Yu’s remarks can be summed up in one sentence. I know the losses and risks of GEICO, but our company is strong and doesn’t care at all, as long as we can buy the company.

This kind of rich and imposing rhetoric made Buffett wonder what to say.

At this moment, he had some mixed feelings in his heart. He didn’t know what to say when he met someone like Xia Yu who played cards in an unreasonable way. He still took the money and crushed it with capital.

For a long time, he said with the last glimmer of hope: “Mr. Xia, do you have to acquire GEICO wholly-owned?”

Xia Yu nodded, as it should be by rights, said: “Of course, only if we acquire wholly-owned assets, we can invest a few 100000000 million USD to transform. It will even be easier to merge and acquire other insurance companies in the future. This involves Polaris Capital’s Long-term strategic planning in the insurance field.”

Well, I have invested a few 100000000 million USD in transformation at every turn, and I am also preparing for future mergers and acquisitions.

Each of these actions requires a large amount of USD, and Berkshire Hathaway does not have the capital to follow.

In other words, even if Berkshire Hathaway keeps its equity shares, if it does not invest a large amount of capital, it will be diluted step by step.

But Berkshire Hathaway’s funds are already tight. If it gets stuck by this, then it really won’t be able to invest in accordance with his philosophy.

And Buffett has also thought about the positioning of Berkshire Hathaway. To enter the insurance industry, a core pillar is definitely needed. Now it is clear that GEICO is impossible as the core pillar, and holding a little equity shares will become a little value, even It is cumbersome.

“Well, I have to say that Polaris Capital is very strong.”

Buffett reluctantly said with a smile, he has already decided to give up GEICO.

Xia Yu laughed and said softly: “It’s okay, the major shareholder behind them are not short of money, and more than 100000000 million USD of funds are still used.”

As soon as he said this, Buffett couldn’t help but smile, and envy rose in his heart.

“Okay, I know what to do. We will give up on GEICO’s equity shares.”

“Thank you Mr. Buffett for your accomplishment.”

“If there is any need for our help in the future, I will be happy to help.”

These words of Xia Yu made Buffett feel better. He smiled and said, “Thank you Mr. Xia.”

“No thanks, we are friends and we should help each other.”

“Yes, we are friends…”