Chapter 552: Meeting with Warren Buffett
"Okay, let's go." Su Yiyi said with a smile after hearing this;
Even though she is already a mother of two children, she still has a girlish mentality because Yang Wendong's life became carefree after her success in starting a business in her early years; and having a private jet also makes her very happy; < br>
The Yang family does not pursue extreme luxury, but they still like to enjoy things that they can enjoy. Life can last up to a hundred years, and they may not be able to spend half of that time. It can only be said that they need to cherish their enjoyment. Otherwise, why would starting a business be so hard?
Yang Wendong also smiled and said: "It's not that fast. You have to apply for a route, but there will be a specialized company to handle it."
Unlike cars and ships, private planes cannot fly at will. They must strictly comply with airspace requirements. If you fly in the wrong direction or fly randomly, you will have to face escort from the Air Force aircraft and penalties after 911, which will be more serious.
However, money can make all the difference. As long as you have enough money, routes can usually be arranged urgently. After all, the United States is not like China, which relies heavily on air travel. This aspect is not very strict at the moment, and neither is private jets. a lot of.
On the 22nd, Yang Wendong and others came to the headquarters of Berkshire Hathaway as scheduled;
Buffett, David Joseph and other major shareholders and management of the company also came to the company headquarters to meet with the new shareholder.
"Hello, Mr. Buffett." Yang Wendong smiled and shook hands.
Yang Wendong still has some admiration for this stock god. Although there is no actual output in finance, reaching the peak is also a manifestation of ability, but this ability is somewhat different from what Yang Wendong thinks;
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However, everyone has his own ambitions. Since finance exists and supports so many big companies and people on Wall Street, it naturally has its strengths. And finance is not only a tool for making money very quickly, but it can also be a weapon. There is no hot weapon war. , but financial weapons will also be one of the synonyms of power.
Buffett also shook hands and said: "Mr. Yang, I have checked your information in the past few days, and I have to say that I also admire your process of starting from scratch.
If you are an American and develop in the United States, your achievements today will definitely be higher, and you may even have the opportunity to become a guest of the White House. ”
Buffett is not strictly self-made, but he thinks so. Many super-rich people are unwilling to admit that they relied on the shadow of their parents to develop. This is also a very strange social mentality;
Therefore, he also admires people like Yang Wendong who are completely self-made, and even ordinary people will like him very much as long as he is not an opponent.
Yang Wendong said with a smile: "Every place has its own advantages, and you may not be able to start a business in the same way in the United States."
"With Mr. Yang's ability, another approach is feasible." Buffett said.
"Maybe." Yang Wendong did not deny it. As a time traveler, as long as he gets the first pot of gold, there will basically be no problems later;
Seeing that the greetings between the two major shareholders were over, CEO David Joseph quickly said: "Mr. Yang, please come in and let us introduce our company to you first."
As a listed company, a lot of Berkshire Hathaway’s information is public, but those are only basic operating data. In order to win over shareholders, it is natural to introduce a little more;
Of course, it won't involve core secrets, and they are not fools. At most, it will just be some more detailed information that can be disclosed.
Soon, everyone came to the conference room, and David personally introduced Berkshire's operations to everyone. After a while, David said: "Mr. Yang, the current situation of the company is a bit serious. In terms of funds, It’s not very good. If you intend to increase your capital, how about giving it directly to the company? ”
If Yang Wendong continues to make acquisitions in the stock market, the money will eventually be taken away by some shareholders; and through targeted share increases, the company can obtain this funds.
Yang Wendong nodded and said: "If your board of directors and shareholders agree, then there is no problem, but I can only acquire another 4.9% of the shares at most. This number is not very large, and it cannot solve the current situation of Berkshire." question.”
The decline of an established company is mostly due to problems in the industry or being eliminated by the market. To engage in the textile industry in the United States in the 1970s was tantamount to slow suicide. There was no way to survive. More funds would only mean a little more delay.
Buffett asked: "Mr. Yang, is there any way you can help Berkshire get rid of its current problems?"
It is not strange for a successful overseas person to invest in the United States, but it is a bit strange to invest in sunset industries; this is also something Buffett needs to know, because it may affect his future plans.
Yang Wendong said: "The labor costs in the United States are getting higher and higher, the power of labor unions is getting stronger, coupled with the popularity of global trade and the reduction of shipping costs by containers, I don't need to say more about these things, you also know; capital is Things, like water, will flow downwards. The textile industry requires a lot of labor costs. It is no longer feasible in the United States and must be relocated;
So my suggestion is that we cooperate. Berkshire cooperates with my company in Hong Kong to build a large-scale high-end textile factory in Hong Kong. From the early stage of chemical material production and dyeing to the later stage of finished clothing, only in this way can we Costs are reduced to a minimum. ”
This is also his second major purpose of investing in Berkshire, which is to move various equipment and technologies of this old textile group to Hong Kong;
You know, Berkshire currently controls tens of thousands of jobs in the United States. If it moves to Hong Kong and labor costs are reduced and the market expands, the number of jobs may expand several times, which is even equivalent to building half of Changxing Industries. ;
After more than ten years, if they are moved to China, tens of thousands or even 100,000 people may be employed, and the scale of output value will be very large.
In essence, it is similar to my cooperation with RCA, except that it is not as important, but it is also very helpful for my employment control.
"Invest in Asia?" Buffett and David were silent for a moment, and David asked: "Mr. Yang, in fact, I have also considered investing overseas. For example, we once went to Mexico to invest, but found that the quality management and management there were poor. The cost is not very good, but the total cost is not much worse than that in the United States.”
"That's because that's Mexico, and I'm talking about Hong Kong." Yang Wendong said with a smile: "You can send people to Hong Kong to have a look. I also have many factories in Hong Kong. You can go and see the capabilities of local workers;
You should also know about RCA. They have already built a factory in Hong Kong, and some of the TV sets they produce will be returned to the United States for sale. They are all recognized by RCA. Is it possible that your textile industry can be more complicated than color TVs? More difficult? ”
Countries such as Mexico and Asan can be said to be unable to support them. As early as the 1950s, Europe and the United States had already discovered that many of their industries were not suitable to continue to be retained, especially some simple industries with heavy pollution or high labor costs;
Mexico is close to the United States and Europe, and the native language of India is English. The labor costs in these two countries are very low, making them the most suitable investment targets;
As a result, decades later, in 2020, they actually still want to take over some industries in the mainland. You know, the mainland was reformed in 1978, and the real large-scale development of industry was only after the 1990s.
"RCA?" Buffett, David and others also hesitated. If a large home appliance company dares to invest, it at least shows that the local environment and policies are good.
Yang Wendong then took out a piece of information and gave it to several people: "This is my cooperation model with RCA. You can take a look. We can still adopt such a cooperation model. The shares and investment amount can be discussed;
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If you think the risk is high, you can also start investing in a smaller factory, which I welcome. ”
I have experience working with a large American company, which is a good example for persuading others.
David and others took the information and looked at it, then said: "Mr. Yang, RCA's factory in Hong Kong is mainly for the Commonwealth market. So if we go there, will it also mainly develop the Commonwealth market?"
"It's all possible, but the traditional industries are seriously saturated. If you want to expand, the investment will probably be much higher than the cost of factory construction." Yang Wendong added: "The safest way is to initially supply the US market. If this industry is determined If we can stabilize the market, then consider the Commonwealth.”
Buffett suddenly asked: "Mr. Yang, I heard that you have resources in Asia and the Commonwealth countries. If we cooperate, you should be able to help us open up some channels, right?"
"It's okay in the long term, but not in the short term. It's impossible to invest so many resources into the sales channels of the clothing industry in recent years." Yang Wendong shook his head and said, "But I am also constantly developing in this field, and I may have certain achievements in the future. .”
The biggest cost of a clothing chain store is rent, but as long as you arrange real estate in some Asian cities early, this problem can be easily solved;
But my own funds are limited. Core industries such as KFC, Carrefour, home appliance stores, and cinemas are the top priority. As for clothing sales, they are mainly based on franchises. It is difficult to guarantee how fast they can develop. .
However, when he has enough funds in the future, he also hopes to establish large chain companies such as ZARA and Uniqlo, because such companies can easily control the fate of the textile industry in many small countries, even decades later.
David and Buffett lowered their heads and chatted for a while, and finally said: "Mr. Yang, we need to investigate this matter carefully before we can get an answer."
Yang Wendong nodded and said: "Of course."
PS: Asking for a monthly ticket
(End of chapter)