Chapter 1291 A clever move
Human nature is to seek advantages and avoid disadvantages. They are all selfish, lazy, and follow the herd. This is absolutely true.
But all this can only be explained as animal instinct.
After all, the definition of human beings is advanced animals. These things can only reflect the biological basis of human beings.
The light in human nature frees people from the shackles of animal nature and can reflect the difference between humans and animals. Those things that can be called "advanced attributes" do not require restraint and violation of these animal natures. can be achieved and realized.
And among humans, individuals who can do this are often the best in the human group.
These people are like having a genetic lock unlocked. Their thoughts and ways of thinking are absolutely different from ordinary people.
Ning Weimin is like this.
When he was in a dilemma, he suddenly felt a familiar feeling.
I thought about the time when Yin Yue, who had gotten into trouble, was in danger, and facing the disaster of prison, I had also been worried about gains and losses.
Ever since, the voice that made him suddenly enlightened at that time also sounded, and Kang Shude's tips and teachings are still in his ears.
“Zhuangzi said that those who are skillful use their wisdom and worry, those who are incompetent have nothing to ask for, and they are full and happy...”
“If you really want to do great things, the ability to do them is not enough. Not only do you have to serve, but you also have to be able to take responsibility..."
"If people are faced with a dilemma, the easiest choice to make is often the wrong one..."
This voice, each sentence, seemed to be speaking to his heart.
Especially looking at the face of the master who was over sixty years old, Ning Weimin felt as if the person in front of him had become his master.
At this moment, the master seemed to have noticed his hesitation and difficulty, and said quite considerately, "Of course, this matter has nothing to do with you, and I understand that the risk is not small, and it is indeed You may lose money. This is just my personal thoughts and wishes, so I still say that you can refuse my request. My friend, you don't have to worry about anything. Even if you say 'no', you can't. It will not change our relationship, I promise..."
People's true feelings are powerfully contagious.
Ever since, facing the Master’s tolerance, Ning Weimin could no longer say the word “no” from his mouth.
"No, no, I'm happy to do you this favor, I'll join. As I just said, as long as you ask, I will do my best."
He even felt that he could not face the master's gentle eyes, so he hurriedly avoided the master's sight by lowering his head in thought.
"Oh? Really?" The master showed a stunned expression, still a little unbelievable, "My friend, you have to think clearly."
Ning Wei was deeply shocked Min tried to cover up his withdrawal and guilty conscience, so he spoke seriously and nonsense.
“Don’t get me wrong, I’m really surprised that you have such a deep emotional connection with the Vuitton family and that you are willing to take such a financial risk for this friend. But my hesitation just now was not because of Worry about risks and financial losses. I just think that if we go head-to-head now, the timing is not in our favor and we will be at a disadvantage if we have to deal with it head-on. Or do we have a better way to solve this problem? Say, is it possible for us to get what we want at a lower cost and in another way..."
It is reasonable for him to say this.
The master was finally relieved, stunned for a moment, and then nodded to him with a trusting smile.
"Oh, did you think of something? You can tell me. I know that your ideas are different. You will always inspire me and surprise me..."
< br>"I..."
Seeing that the master expected so much from him, Ning Weimin immediately fell into the embarrassment of being trapped in a cocoon, and he couldn't help but being at a loss for words for a while,
Heaven, earth, earth , he just said it casually.
Why did the master misunderstand it?
Why are you so confident in him!
He really wanted to give himself a slap in the face to stop his mouth from being so sloppy in the future.
But as the saying goes, brilliant ideas are often forced.
Perhaps this is the point of talking too much.
In this case, it would be too shameful not to tell the truth.
Or maybe Ning Weimin is really talented and smart, and he is quite quick-witted.
It may even be caused by factors that Ning Weimin himself cannot explain - it is possible that he has long had a desire and impulse in his heart to try to change the major history, and is no longer satisfied. Yu conforms to history and becomes a pig waiting to die.
Anyway, in this critical situation, he seemed to be possessed by Brother Yixiu, and he actually suppressed an idea with lightning speed, stealing the jingle bells.
"Mr. Caton" Ning Weimin coughed, smoothed his throat, and suddenly asked, "I'm not familiar with the Paris Stock Exchange, and I don't know which is the largest securities firm here. I What I want to know is, how many tricks are there in stock trading here? Which of the brokers here has margin trading business? ”
"Huh? Do you mean to borrow money from a brokerage to buy stocks?"
Picardon pondered for a moment, and his subsequent answer was somewhat uninteresting.
“We have also thought about the method you mentioned. France’s BNP Paribas Securities and CLSA have these services. JPMorgan Chase in the United States and Barclays Securities in the United Kingdom can also do it. However, due to the French economy The stock market has been sluggish for so many years, and the amount of financing provided by these brokers is not high. The maximum is only 30% of the stock market value, but the interest rate is not low, let alone 14%. , if we take this approach, of course the other party can do it, but it will make our costs higher and will not help at all."
However, he did not expect that Ning Weimin was not discouraged. , but a proud smile appeared at the corner of his mouth.
And there is a saying that Pierre Cardin is right. Ning Weimin's thinking is different from others.
"No, Mr. Catton, actually I don't want to raise funds, I want to lend securities. Do you know which brokerage holds LVMH stocks? As long as these brokers are willing to provide us with securities lending services for this stock. "
" Securities lending? You still want to sell LVMH's shares! "
"Yes. We're going to continue to buy LVMH's shares now. If the other party continues to compete with us for chips, of course it will rise even higher. Then LVMH's stock will seriously deviate from its fundamentals because of this war. In this case, it is correct to sell the stock, and sooner or later the stock price will rise. Returning to normal, we will definitely make a profit."
"But...but...what about the veto?"
"We still follow your instructions? The plan is going ahead. Just use the 500 million US dollars we put together to buy it!" It's okay not to mention it. After Ning Weimin said these words, Master Pierkaton was really confused by him.
"Then...are you going to buy or sell? I...why can't I understand your plan?"
"Haha! Of course we buy first and then sell. Ah."
"This..."
Looking at Pierre Carton putting down his coffee cup and wiping the sweat from his forehead with a handkerchief, Ning Weimin laughed again.
"Mr. Caton, don't worry, let me explain to you slowly. In fact, this is not contradictory."
As he said, he simply took the paper and pen and continued to explain while drawing a schematic diagram. .
“Please see, we first used the funds to buy 4% of the stock to help your friend Henry get a veto power to ensure that his key interests in LVMH are not infringed, and have been To stay on the board of directors. These stock shares are very important and are our fundamentals. Of course, we will not sell them no matter how much we pay for them."
Picardon nodded.
Although he was still confused in general, at least up to this point, he understood and approved.
"But other shares are more maneuverable. For example, if we use securities lending to short-sell this stock, it is because these stocks are not worth so much money in the first place. I want to use this almost risk-free method to short-sell this stock." This is a way to make money and arbitrage, so as to make up for the capital losses caused by our high-priced transactions. In fact, this kind of transaction is a hedging transaction, and the purpose is to reduce risks and offset the additional capital losses while ensuring our equity interests. To put it bluntly, it’s just that we resold the LVMH held by the brokerage, which has nothing to do with the LVMH stocks we hold.”
Don’t say it, the master is the master, don’t look at his age, but. My brain is still very bright.
Although I was stunned for a while, I quickly rounded this corner just like I had solved a word problem correctly.
The old French man’s mental state also became excited.
"What you mean is that as long as we buy and sell at the same time, it is equivalent to that we are not actually affected by the rise in stock prices. In the end, we bought the stock at a cost of only commissions and fees paid to the brokerage firm. Interest on securities lending.”
"Yes, you are absolutely right. That's what I mean. Of course, for safety reasons, we can spread out several accounts, or use other people's accounts for different buying and selling transactions. Buying transactions can be fair, but selling The securities lending transaction must be carefully hidden, so that our true plan will not be noticed by our opponents."
"Okay, great" the master was so happy that he couldn't help it. Ning Weimin hugged Ning Weimin excitedly, "My friend, I will never forget what you have done. I will call Henry now and I want you to meet him."
But , the master's cheerfulness only lasted a few minutes, that is, when he went to make a call, he soon noticed some shortcomings.
"No, wait, wait..."
He stopped what he was doing, thought about it seriously, put down the phone, and walked back.
"Ning, there seems to be a key problem in your plan that is difficult to solve. I mean, if your idea can work, there is a prerequisite. We must ensure that LVMH's stock falls back quickly at the point where we sold it. But how can we guarantee this? I mean, what if they continue to invest in MH? What if LVMH’s stock continues to be pushed up by them, or attracts others to fish in troubled waters, and it remains at this level? What should we do in high positions? Have you ever thought that if this happens, our losses will be doubled..."
For a moment, Pierkaton seemed to see the most terrifying situation, his expression He immediately looked bad, as if he was frightened by his own words.
However, it was still different from what he thought. Ning Weimin remained calm and said extremely firmly.
"No, please believe me, the thing you are worried about will not happen. It will definitely not happen."
"But where does your confidence come from? How can you be 100% Where’s the guarantee?”
However, from Pierkaton's perspective, it is impossible for Ning Weimin to find a convincing basis.
If the basis of his insistence is only subjective emotions, it is of course dangerous.
"Perhaps I worded it improperly, so let me put it in another way. I wonder if it can enhance your confidence."
Ning Weimin understood the change in the master's expression and realized that he I'm afraid the wording is a bit absolute.
So I stopped being stubborn and simply changed my approach to reassure the master again.
"Okay, I admit that the situation you mentioned may happen. But even if it happens, it will have no impact on us. Again, because we are doing hedging transactions, not gambling. We The number of stocks sold by short selling must be what we have in hand. As long as we maintain this ratio, no matter what extreme situation occurs, we can handle it without any big problems."
"In the end. What is the bad result? Even if the stocks we sell rise to the sky and are several times higher than the purchase price, don’t we still have enough stocks in our hands? How can we escape unscathed? The worst case scenario is that we will lose tens of millions of dollars every year and hand it over to the brokerage. With the income from Pierre Cardon and the income from my personal assets, there will be no problem for us to persist for a few years."
"But you think about it. Think about it, how difficult is it for LVMH's stock to have such a trend? You also said that the French economy is not good and the stock market is sluggish. Even though the internal fighting in the company is no longer a secret, it has attracted many people to fish in troubled waters. The stock price is deviating from the fundamental high level, but it requires a huge amount of funds to support it. How long can it last?”
“Even Bernard Arnault and the Lazard investment bank behind him are not willing to do it. Without this ability, their funds will still bear financing costs. And their goal is to gain control of the company at the lowest cost, and they will not make a loss-making transaction. "
"What's more, our allies here are also members of the LVMH board of directors. If they get a veto, they can't dominate the company's management, but they can always make trouble, right? There is a kind of person in Japan called a 'professional'. "Shareholders" rely on buying enough equity in a company and then using their veto power to prevent the company from operating normally to extort profits from the company. Once such news comes out, can LVMH's stock price remain high? "
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"Also, the reason why I will allocate Japanese speculative funds overseas is because the rise of Japanese stocks is too exaggerated, which makes me strongly feel the danger. Maybe the overall situation of the French stock market is not bad, and it has not been exaggerated. . But the problem is that the communication conditions in various countries have also been greatly improved. The major stock markets in the world are increasingly influencing each other. If something goes wrong, I am sure that it will happen. The avalanche is coming. What will happen to LVMH then?”
Ning Weimin’s explanation was not in vain, and his inference shocked Pierre Cardon.
He thought about it carefully and was successfully convinced.
Although probability is invisible and intangible, it does conform to the objective existence of logical thinking.
He does understand two things now. Ning Weimin is a genius, and he also takes this matter seriously.
But it's not over yet.
Just when Picardon didn't know what to say and wanted to hug Ning Weimin again, Ning Weimin actually said it again.
"To tell you the truth, in my opinion, the probability of this happening is getting higher and higher. I predict that it will definitely happen in half a year to a year. So in my opinion, this is even our An opportunity to turn defeat into victory in one fell swoop. Time is in our favor. We should keep hoarding funds and delay to paralyze our opponents. When the market changes significantly, we will buy up all the LVMH stocks and then we will turn defeat into victory. , your friend will get his company back. Of course, this is my personal opinion. Whether you want to do this or not depends on you, can you really trust me unconditionally?"
< br>This time, the ball was passed back to Pierre Cardon's feet.
(End of this chapter)