Chapter 419 Interests entangled, intrigues
Anger appeared on the faces of Larry Ellison and Paul Singer many times. They are both conceited and arrogant people.
Being slapped in the face in public will certainly not make you feel at peace.
But as successful people, they can also control their temper at critical moments.
Larry Ellison took a deep breath.
He suppressed the urge to rush over and smash that disgusting face into pieces.
"John, when you first got involved, you promised to help us."
John Thornton smiled and said: "Of course I will help you, otherwise how would you know Xu Good investment amount and investment direction?
These are key information that can affect the success or failure of the investment. In order to obtain them, Goldman Sachs paid a huge price.
These are all given to you. Help.”
"Since it's help, why do you need to collect money?" Paul Singer said coldly.
“Of course you have to collect money. The ordinary employees within Goldman Sachs who are responsible for collecting information have put in a lot of energy. They don’t know the inside story of collecting this information. They just want to add a performance to themselves and get more. Of course we have to collect money to avoid causing dissatisfaction and commotion."
After a pause, John Thornton laughed.
“You don’t want to make the internal employees of Goldman Sachs dissatisfied and leak your information because of this little money, right?”
These people want to get rid of Goldman Sachs, and he will certainly not be polite.
Looking at John Thornton, who had made it clear that he would not die personally, although Larry Ellison was extremely angry and dissatisfied, he had to give in in the end.
Goldman Sachs cannot be manipulated by him, and he does not want the plan against Xu Liang to be leaked this time.
Seeing that the atmosphere between the two parties was tense, Howard Eisen, who seldom spoke, spoke.
As Oracle COO, his responsibility is to provide Larry Ellison with the information.
"John, of course we want to continue to cooperate with Goldman Sachs, but if you don't pay a penny, it will be difficult for everyone to trust you. After all, we are also afraid that Goldman Sachs will secretly sell us to Hanhua."
Wall Street But I have never been less involved in the business of eating at both ends.
John Thornton looked at the serious-looking people. Although he was not afraid, he did not want to offend giants such as Oracle, Quantum Fund, Elliott Management Company and Washington Mutual Aid if it was not necessary.
After pondering for a moment.
“This time Goldman Sachs invested US$50 million.”
"John, everyone here has invested more than 1 billion US dollars, but your Goldman Sachs only has 50 million US dollars? Do you think it's appropriate?" Paul Singer said.
“Huh, the 50 million from Goldman Sachs is our own funds, and the 3 billion invested by Elliott, do you have a penny in it?”
All the money from hedge funds is It's private equity.
The fundamental purpose of private equity is to use other people’s money to make money for yourself.
"Elliott itself is a hedge fund." After a pause, Paul Singer said calmly, "And I remember that Goldman Sachs itself also has a private equity business."
"Goldman Sachs' private equity business mainly deals with private equity, and there are no hedge funds." After Shen Sheng finished speaking, John Thornton said coldly, "I have already given in. If you are still not satisfied, then just pretend I didn't come today. Passed.”
Everyone exchanged glances, but Larry Ellison did not speak out of shame.
However, Howard Eisen, who had known him for many years and assisted him in managing Oracle, understood what he meant from his eyes.
Smiled.
“John, now we are a strong collective.”
John Thornton breathed a sigh of relief.
Although he is not optimistic about this investment, he does not want to leave.
Not to mention anything else, such a large investment, just the support of information, platform and financing, can make the department he leads make a lot of money.
Excellent performance was also a key factor in defeating his archrival John Thain and taking the helm of Goldman Sachs.
Details of cooperation were finalized.
Everyone began to study detailed investment strategies.
“The investment of Hanhua Kunpeng Fund is not limited to the ‘High Sulfur Fuel Oil Futures Contract’ and ‘Dubai Crude Oil Futures Contract’ listed in Singapore, Brent Crude Oil and West Texas Intermediate Oil, they are also There is a deal, I just don’t know the exact amount,” John Thornton said.
They can trace Hanhua’s fundraising path, but it is difficult to trace Hanhua’s investment path.
After all, there are hundreds of vests around the world, and they are scattered on the platforms of dozens of investment banks around the world. Even with the power of Goldman Sachs, it is impossible to find out the specific share.
Larry Ellison and others could not help but frown.
I originally thought that Xu Liang would only invest in Singapore’s crude oil futures, but I didn’t expect that he would cast a wider net.
“The trading volume of Brent crude oil and West Texas Intermediate oil is too large. With the amount of funds we have, we can influence the oil price within a few weeks, but it will be difficult over time.” Alexander Soros said.
Oil futures are a global trade, and many people buy them.
Although there are millions of hands a day, as long as they affect the price of some of them and create scarcity, the price of oil will rise accordingly.
But with nearly 30 billion US dollars of transactions a day, if you want to create scarcity, you need to buy at least 20% every day, which is 6 billion US dollars.
That’s $42 billion a week.
A tenfold leverage would require US$4.2 billion.
With their current amount of funds, it can last up to two weeks. Of course, this is just a theoretical concept.
When it comes to actual operation, it is impossible to only buy so much in one day.
When it gets serious, it may be possible to spend 10 billion US dollars in one day.
It is also possible not to buy a penny a day.
Plans and changes are definitely different.
“If we want to defeat the opponent, not only capital, but public opinion is also very important. We can mobilize familiar media to hype up the news of falling oil prices.
In this way, one plus one is greater than two. effect," said Paul Singer.
"Hanhua also has many public opinion channels. They are Yahoo's major shareholders, and Hongmeng's portal business has influence throughout Asia and even has a certain influence in Europe." Howard Eisen said.
"Haha, these channels can only influence ordinary people. I am talking about Fortune, Bloomberg and the Wall Street Journal, which are the top financial media that can influence financial elites." Paul Singer said.
As a financial giant, he has a good relationship with these media.
Of course, Goldman Sachs has a greater influence on these media.
Larry Ellison obviously also understood, "John, the media needs Goldman Sachs to come forward."
"No problem, but you have to provide funds." John Thornton said directly.
Larry Ellison's face changed and he wanted to get angry, but he suppressed it.
I cursed in my heart.
“Damn Wall Street Grandet, all eyes are money!”
Compared to him, Alexander Soros, Paul Singer and Carey Killinger look normal Most of them are people from the financial circle, and they know very well the virtues of their own people.
When it comes to greed, Paul Singer, the world-famous vulture fund boss, is no worse than John Thornton.
“Everyone, since it is difficult to short global oil futures, can we only short Singapore’s ‘High Sulfur Fuel Oil Futures Contract’ and ‘Dubai Crude Oil Futures Contract’ as previously discussed?
< br>It takes less money and we can last longer," Howard Eisen asked.
Singapore’s oil futures trading accounts for only one-tenth of the global market.
It’s only about 3 billion US dollars every day.
20% is $600 million.
One month is 18 billion U.S. dollars, and only 1.8 billion U.S. dollars is needed under ten times the leverage.
This way they can persist for several months.
“If the main force of Xu Liang’s investment is in the Singapore futures market, of course there is no problem for us to do so. But with such a large amount of funds and the Singapore market being too small, it is impossible for the main force of his investment to be here.
There is a high probability that Brent crude oil and West Texas Intermediate oil are his main investments.
If we use the Singapore futures market as the main attack point, even if he loses part of his funds here, if he makes money in other markets, he may not only be able to make up for the loss, but also make more. "Alexander Soros said.
"John, can't Goldman Sachs determine Hanhua's relatively accurate investment path? "Howard Eisen couldn't help asking.
John Thornton shook his head.
"Unless we can convince dozens of the world's top investment banks and securities firms, and then get all The list of shell companies related to Hanhua, otherwise it would be impossible to find out.
Moreover, the struggle between us and Hanhua is best ended within one month, not more than two months. ”
Hearing this, Larry Ellison, who had never spoken, couldn't help but said: "Why?"
"Although Washington has not yet made up its mind to invade Iraq, discussions in this regard have never stopped. And , Ares, Tomahawk and other organizations have been lobbying Congress to use force against Iraq. Although there is no result yet, no one knows when Washington will change its attitude.
So, this controversy surrounding oil. Disputes must not be perpetuated," said John Thornton.
“These damn warmongers, all the country’s money has been swallowed up by them.” Larry Ellison said angrily.
At his current position, it is of course clear that lobbying organizations such as Ares and Tomahawk are supported by military industry giants.
Seeing him angry, John Thornton's eyes flashed.
Using force against Iraq is not only the idea of the military industry giants, but in fact the Federal Reserve is also behind it.
Because the federal funds rate fell and liquidity increased, there were too many dollars in the market.
It is impossible for all of this money to be digested in the United States.
Letting the world pay the bills is Uncle Sam’s proudest financial skill.
As long as you pay some green paper, you can get the wealth that other countries have worked hard to accumulate. It is simply amazing.
But getting other countries to willingly hand over their wealth also requires certain skills.
Forcing it is definitely not possible. The rich Japanese boy has already harvested a wave of money and is still not getting up.
Asia, which has been raised for decades, also harvested a wave of crops in 1997, and it can’t produce much oil anymore.
A certain big country in the east and the third brother in the south are not easy to handle at will.
Therefore, the best solution is to raise oil prices too high.
Because oil prices are linked to green paper.
(End of this chapter)