Wall Street Legend

  Chapter 347 Documentary

   The hedge fund industry is undoubtedly in disarray.

  Some people soar from a poor boy to an enviable billionaire, and there are also billionaires who have completely become ordinary people because of a mistake.

Wall Street is a vanity fair for chasing money. Speaking of which, Ye Dongqing also started to make a fortune there, but he is doing a legitimate business now. Before the tax deadline in March and April every year, he should pay a lot of taxes and fees. Many bosses who play hedge funds often die on "money".

  The main reason is insider trading.

After all, there is only one Ye Dongqing. Unless there is a stock market crash, it is not so easy to bet on the treasure. Insider trading has become a kind of unspoken rule in this industry. From time to time, you can hear a company being banned by the Securities and Exchange Commission For punishment, the boss was also taken away by the NYPD or the FBI, and he will not come out until several years or more than ten years later.

There are not many people who are as hot-headed as the old Mr. Bernard Madoff, and there are not many people who dare to play scams. The bosses of hedge funds prefer to use the rules to make money. What about management fees?

Ever since the Internet bubble burst and cheated a large number of investors, hedge funds have become popular all of a sudden. At present, some hedge funds have managed tens of billions of dollars in assets. Ye Dongqing is jealous of the management fees and commissions. It is quite suitable for Ye Dongqing to not take risks, and to get commissions and management fees after helping to make money.

  In the past, those industries hadn’t changed much, and they couldn’t see much results in a few years. It happened that Mr. McCord made a suggestion, which made Ye Dongqing feel quite challenging.

The Bernard Madoff fraud scandal is over, the old man reached a settlement with the prosecutor, because no one lost, the fine was waived, and instead he received a full four-year sentence, and if he was lucky, he could get out of prison early in two or three years , currently staying in the most luxurious prison in the United States, enjoying the sunshine and wine in California.

Originally, Ye Dongqing was going to give his son Mark Madoff a chance, but unfortunately, this guy didn't live up to his expectations. As an old man, he had already taken all the charges on himself, but he fell into a slump. It is said that he became an alcoholic and couldn't even pay for the wine. At the same time, it even appeared in the newspaper and made a joke.

This has nothing to do with Ye Dongqing, he has already filled a large amount of shortfalls on behalf of him, which also angered some investors of Danshui Investment Group. The father and son dragged themselves into the water, which is considered to be the best of benevolence.

   Didn't think about it for a long time, and asked Mr. McCord to arrange for help to form a new company in his own name, called Leo Hedge Fund, and allocated 20 million U.S. dollars from Danshui Investment Group as start-up capital.

   As for the matter of attracting the first batch of large private equity clients, I plan to wait until the company is established. I believe there will be no major problems. The investment performance is there. People are willing to believe in successful people...

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"Life credo?"

   "This... is probably a sentence I read before: Don't be mediocre all your life, and comfort yourself that being ordinary is precious.

I think everyone should strive to pursue a better life, realize the value of life, and give themselves, their parents, their wives and children, or their husbands and children a more comfortable life. Perhaps because of cultural concepts, I think "Walden" The life described by the protagonist in "The Lake" is cool, but not everyone can learn it. There must be both spiritual and material pursuits. "

Ye Dongqing is sitting in front of the camera at the moment, accepting an interview with the British BBC TV station in a serious manner. He has promised to take over the documentary program and show people part of his life. The total remuneration of 3 million pounds will be donated in his name To five churches in Brooklyn, New York, to help the homeless and distribute food and clothes to them.

The word-of-mouth of the BBC TV documentary is not bad. There is no rule that it is just showing off wealth. According to the director, it seems that he hopes to show the public something deeper. In terms of spirituality, if you want to be richer, you might as well go to Larry directly Taken by Mr. Ellison, or the king whose family owns hundreds of luxury cars.

   "So you mean that people should take care of themselves and their families, and give them material help, right?" The planner of the program personally filmed Ye Dongqing and was responsible for leading the topic.

"At least the vast majority of Chinese are trying to do this. They are more willing to leave the best for their children and experience happiness from it. Good or bad, after all, this will make children lose their fighting spirit and the idea of ​​relying on their own struggle.

  In my opinion, if a person works hard to pursue what he likes and can feel happy from it, then his life will not be wasted. For example, I am now trying to devote more energy to the field of charity. At the same time, I also hope that because of my inspiration and the help of all the employees in the company, I am committed to providing people with more convenient and safe online social and office services through the Internet. , entertainment environment, it will promote the progress of the world, even if it is only a small step, it is enough. "

Ye Dongqing knew that every word she said at this moment might be seen by hundreds of millions of viewers, so she was extra careful in terms of words, she would rather pretend to be empty than say stupid things that didn't go through her head, so she deliberately slowed down her speech at this moment, Increase the time to think about the problem.

   It has been two days since Laura came back from Los Angeles. She was going to go back to continue shooting tomorrow. She found time to come to the study and stood not far away to watch Ye Dongqing.

  After hearing what he said, I suddenly wanted to laugh. Others may not know it, but Laura still remembers that Ye Dongqing was just crazy and trying to make money. Now in his mouth, the taste has completely changed.

  Of course, Laura believes that he now has the ability to change something and play a positive role in guiding society.

The British director who asked the question asked a more pointed question at this time. He asked: "I know that you have only achieved your current achievements in a short period of time. Regarding this, I think other young people will hope to benefit from your success. Inspired, can you offer some advice on this?"

  Everyone hopes to own the wealth he has now, but for the vast majority of young people, even if they struggle for ten lifetimes, they may not be able to accumulate so much wealth.

What Ye Dongqing thought was that he might be able to rely on rebirth. He would not really say such words. After a pause, he said: "My success is accidental, mainly due to luck. I have successfully seized some business opportunities and inspiration. Maybe this is God's arrangement.

Two years ago, I was driven to nowhere by life, so I put all my eggs in one basket and desperately wanted to succeed. I was treated as a liar by Mr. Buffett, and also by potential investors. I had ideas and worked hard to realize them. It is probably the wolf spirit that many young people lack. They are afraid of stepping out of their comfort zone. From the rich people I have been in contact with, I can see that they dare to think and do, provided they have a plan that can be realized first. "

   "So what did you think at the time, if the investment in Apple and Amazon failed, and if the Facebook company you created failed, the investors at that time might not be able to get the money they invested in you, right?"

"...I can't say it's 100% safe, but I was relatively sure at the time. I invested in Apple at first because it fell to the bottom, and it was managed by Mr. Jobs, a CEO with rich ideas. I like Apple's innovative iPod music playback As for the creation concepts of Amazon and Facebook, I think they are the epitome of the influence of the Internet on the real society.

Amazon can solve the shopping troubles in life, and Facebook can make communication between people more convenient. They all have merits. At that time, I had no other way. I thought that if one of the three companies succeeded, I would not lose money. Judging from the current situation, it is probably because of luck that they all succeeded. After the Internet industry came out of the trough, it entered a slow bull period in the securities market. "

  …

  (end of this chapter)