Chapter 2: Chapter 2
Chapter 2 The Wolf of Wall Street
When Anne Hathaway pretended to be calm and normal on the outside.
But actually inside I felt nervous, under the service of two servants and a professional butler.
In the restaurant of a 7,500 square meter luxury apartment in Central Park.
While enjoying the park's stunning views, have breakfast.
Abe Smith, seated in his Maybach 62, was about to arrive at JFK International Airport. Looking out the window, the street scene of Queens, New York flashed by.
Abel Smith couldn't help but remember what had happened to him in the ten months since his resurrection.
Make no mistake, Abel Smith, who turns twenty this year, is truly a reincarnated person.
He was originally a Chinese Internet writer in 2022.
I stayed up all night writing, couldn't bear it and fell asleep. After falling asleep and waking up, he became an ugly student at Rice University in Texas, having just passed graduation season and received his diploma.
Just as he panicked, memories of his original body flooded in.
After gaining his original body's memories, he learns his name is now Abel Smith.
Father's name is Alexander Smith and mother's name is Emily Smith.
Alexander Smith is a typical Texas rancher. For generations, my ancestors operated a large ranch in Tarrant County, Texas.
Smith Farm covers an area of up to 6,500 acres.
The farm raises a large number of cattle and sheep and about 50 professional farmers are hired to work on the farm.
Of course, there are agricultural engineering machinery and equipment, etc.
The farm produces large quantities of beef, lamb, wool, as well as cotton, sorghum, rice and other grains, vegetables and fruits each year. The Smith family earns millions of dollars every year from this farm alone.
After deducting costs, annual profits amount to approximately millions of USD.
Therefore, although the first Abe Smith was not a tycoon, he was definitely the only child in a wealthy family.
More importantly, his father, Alexander Smith, is also one of the 75 board members of the American NRA.
This identity is even more powerful than Alexander Smith's multi-million dollar annual income and being a millionaire. The reason is because the full name of the NRA is the National Rifle Association of the United States.
As for why Alexander Smith became one of the 75 members of the NRA board of directors, that's another story.
Through possession, he became an ugly student with such a past.
As long as he follows the red-collar rules and Texas rules, he will have no problem living a life of class and no restraint.
But
Just as Abe Smith was accepting his fate and considering living another life as a high-class Texas roughneck. After reincarnating and time traveling, he found out.
My golden finger is there.
It seems like there are two golden fingers.
First of all, he eats very well and his body is very healthy after eating.
This may not seem like a scam, but it's certainly not bad. Because this type of strength is not only expressed in the physical aspect.
is also reflected in the ability to regenerate
Another characteristic is indeed the golden finger.
This is what he discovered shortly after his reincarnation.
He can actually see the information hidden behind financial products!
He tried,
With a capital of 1,000 USD, he earned 30,000 USD in a week on the foreign exchange market.
This discovery immediately made him ambitious. After that,
He took $70,000 and fled to Manhattan, New York, over the objections of his parents.
Because he believes this possibility will be a duck to water on Wall Street.
It's the truth.
Based on this ability to drain physical and mental energy, he lost control when he arrived in New York.
He first used the principal amount of US$70,000 to continue taking risks in the foreign exchange market. In one month, the capital increased from 70,000 USD to 1 million USD.
He then began investing in precious metals futures, mainly gold and silver, in London.
A month from now, the bet increases to $10 million.
It took three months for it to officially appear on the US stock market.
During this period, I occasionally went to the international foreign exchange market and the international futures market to trade weed. Wait until the end of February this year.
He was worth over three hundred million dollars.
He then proceeded to short sell and bet on all of his assets through JPMG Bank and Goldman Sachs Bank, which he partnered with.
The betting asset is the stock of an Internet-listed company that was fully operational before March this year.
Such as stocks of companies like Cisco, Microsoft, Dell and Yahoo. This decision,
In just a few months, he was quite famous on Wall Street, and he was doubted and ridiculed by many people.
It is said that even Jim Rogers, one of the founders of the Quantum Fund, laughed and said to friends after hearing his decision:
"This cool little guy might have to do some big somersaults this time!"
Then the weather entered March.
March 10, 2000.
The NASDAQ Composite index, dominated by technology stocks, rose to 5,048 and at that time, Abel Smith's accounting loss reached $250 million.
If he doesn't deposit new money again and again. This loss is enough for the bank to liquidate.
However, since 1995, the NASDAQ index has been highly volatile.
After March 10, 2000, he was like an obese person taking laxatives.
starts to flow.
Although initially, Wall Street market analysts believed that this was just a stock market correction. is a technical adjustment.
Don't panic.
But the NASDAQ will open on March 13.
It decreased from 5,038 to 4,879, a total decrease of 4 percentage points.
This caused a chain reaction of massive selling in the market: investors, funds and institutions began to liquidate. In just 6 days, the NASDAQ index lost nearly 600 points.
From 5050 March 10 to 4580 March 15.
The worst case scenario occurs on April 3.
Today is the federal government's lawsuit against Microsoft.
The trial results declared Microsoft a monopoly and will be punished next. The NASDAQ index, which had been in decline for 20 days, fell 300 points on the day, then went into diving mode.
Late May 2000.
The Nasdaq index, which once reached its highest level of 5,128 points, is now only 2,650 points.
At this time, Abel Smith, who had shorted more than a dozen major "DETCOM" companies, including Cisco, Microsoft, Dell, Yahoo, etc., began to close his position.
Once the position is closed. Total investment was 360 million USD, doubled with all kinds of crazy leverage.
Earned a profit of 1.23 billion USD.
At that time, his net worth exceeded $1.5 billion.
He shorted "DETCOM", which is the Nasdaq index, and became famous for it.
The Wall Street Journal called him a "tough Texas cowboy".
The "New York Daily" was even more exaggerated and the title of the article about him was "The Wolf of Wall Street". Based on this short selling of the Nasdaq index, he initially opened up the situation on Wall Street.
After that, he founded his own investment company called "Smith Capital".
The company was founded in June, so it's been two months now.
The amount of money controlled by Smith Capital from the beginning amounted to 1.5 billion US dollars.
Increased to the current amount of $2.2 billion. But in the 2.2 billion USD fund there is only one investor.
It was him.
Meaning, for two months, Smith Capital did not accept investment requests from outside investors.
It wasn't that he wanted to eat alone, but that he felt the time hadn't come yet.
This is the general practice he has carried out in the US capital market since its rebirth ten months ago. For everyday life.
Well, that's the boring life of the rich in America.
For example, meetings and stories with Anne Hathaway are part of this boring life.
Because we say it is partial.
And of course, Anne Hathaway isn't the only one. (end of this chapter)
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