Chapter 1121: The Way of Europa

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Price suddenly stood up, with a kind of boldness as he enthroned Fang Qiu, "But with these 7 trillion US dollars of stock?

You can buy all the cultivated land in the United States, about one million acres, and the market value is about 2.5 trillion US dollars. In this way, you will become the largest landlord, farmer, rancher, and forest owner in the United States. In short, the people of the United States You have to eat the rations you grow, even if it is more expensive than the boss, you have to listen to your opinions on agricultural production.

In addition, you can also buy well-known brands covering various fields such as Apple, Amazon, ExonMobil, General Electric, Citi, Nike, Coca-Cola, and so on. Even so, you still have $1 trillion in liquid cash left in your hand.

I am afraid that those scumbags who have been replaced by Hell's Kitchen also know how to choose. "

I have to admit that Yang Cheng found himself attracted by Price’s theory. He knew that this is also Buffett’s philosophy. If you want to make money in gold trading, you have to expect that people will be more than they are now in a year or two. Fear, living in dire straits, after all, gold is a good way to buy long in fear.

If others become more fearful in the future, they will be willing to buy gold at a higher price, and you can make money; on the contrary, if others are not so fearful in the future, you will lose money on the gold you buy now.

I am afraid that the small person is not qualified or able to create fear, but what about Yang Cheng, a capable and qualified person? Once he falls into a certain kind of devil, will he take the initiative to create fear to achieve the purpose of increasing the value of the gold he holds?

Thinking of this, Yang Cheng couldn't help but shudder. He didn't want to become the demon of the life of the grass.

After drinking a sip of tea, he calmed down and suddenly remembered, he didn't seem to have said that he wanted to hold gold, right? He just wanted to take this opportunity to make quick money, so that's all he said?

With a chuckle, Price said, "Don't worry, I just want to speculate in the short term. I don't plan to hold it for a long time, let alone deliver the goods. Mr. Price, your worries will not happen to me, but I still want to thank you for giving me a very lively economics class today. If you are still teaching at a university, I would love to come and listen."

Price sat down again. After talking for so long, his mouth was dry, and he beckoned to Carson who was not far away and asked for a cup of iced coffee.

I turned back and said, "Jason, you are too polite. I just relayed some of Warren's views. I have the opportunity to talk together in the future. You don't have to go to university to learn knowledge."

Yang Cheng smiled and nodded, "Of course, this is my honor."

At this time, Joe Lewis, who had never found a chance to interrupt, finally grabbed the gap between the two of them and said, "So Jason, are you not going to participate in this pound sniper operation, and instead speculate in gold?"

Yang Cheng hesitated for a while, as if his attitude was loosened, which made Joe Lewis retain the fire of hope in his heart.

But he was wrong. Yang Cheng hesitated not because of Lewis, but because he was thinking about why Price appeared with Joe Lewis.

If you can't figure out why, it's better to ask directly, "Mr. Price, will Berkshire also participate in this operation?"

Price was taken aback, and then shook his head violently. The one who rejected it was simply, "No, no, Berkshire will not participate. This time I met with Mr. Lewis for another cooperation."

Yang Cheng's heart can be let go. He believes Price will not lie to himself. After all, this is not a secret. There are countless pairs of eyes around the world, staring at Berkshire's capital movements. Once the other party has any movement, It won’t be long before it reaches Yang Cheng’s ears.

It can be said that Price has no reason to lie at all. The plan is that the more funds the better, if you really participate in it, why conceal it from Yang Cheng and lose your credibility?

After confirming that Berkshire will not participate, Yang Cheng can confidently refuse, "Joe, I'm sorry, I really don't have any extra funds to participate in this operation, but I will pay close attention to it and look forward to your victory. Good news."

Lewis looked sad. Before he came, he didn't expect that Yang Cheng would refuse so simply. The illusions he held were instantly shattered, and the spirit of the 80-year-old man became weakened.

Yang Cheng's compassion was slightly touched, but it was nothing more than that, no changes were visible on the surface, and there was no voice to give hope.

I didn’t want to get too entangled in this topic, and turned to say, “By the way, tonight is a double red club. My Liverpool will be playing at home against Manchester United. Why don’t you come with me to watch the game and feel the atmosphere?”

Joe Lewis can't bring up any interest. He doesn't even pay attention to his own team. How could he be interested in other teams? What's more, Yang Cheng just refused to participate in the plan. He needs to find other funds to replace him. How can he be interested? Watching the ball?

Price is the same. He is an American and he is not very interested in football. If he has to choose, he would rather watch those rude NBA sports. At least he knows some rules of the game.

Yang Cheng, who was rejected, seemed indifferent. Since the plan could not go on, they had no need to stay, and left in a hurry.

Yang Cheng stood at the window and watched Lewis's car drift away. He was still a little dazed. Price's entourage was indeed a bit weird, and he hadn't heard of Warren Buffett doing anything big in the UK.

Yang Cheng, who was a little uneasy in his heart, quickly called Ryze Khan and asked him to collect Buffett’s investment history in the UK, as well as his recent trends, and screen out information related to Europe or the UK, which was sent to Yang Cheng’s In the mailbox.

As a result, I didn't know that I was shocked. This old guy is really burying mines in Europe.

Combined with Buffett's recent public and private speeches, Yang Cheng gradually found some clues.

One of them is that Buffett complained in a private meeting with company shareholders: Now in the United States where private equity firms are highly competitive, it is difficult for him to find M&A transactions with a valuation of more than US$100 billion and sufficient benefits.

what does this mean? It means that Buffett is full of interest in signing blockbuster mergers and acquisitions. This is the opportunity to get things done.

The letter written to all shareholders at the end of last year also stated that even if the company is likely to hoard more cash in the future, it continues to look forward to completing the heavyweight merger.

Further verifying Yang Cheng’s conjecture, it is clear that with Buffett’s ideas, Britain, which is about to enter the Brexit process, and turbulent Europe are the next markets he is preparing to enter.

However, Buffett always has a pessimistic attitude towards the countries of the European continent. This is recognized by global investors. He himself is outspoken, but his tone is even more pessimistic. This also coincides with that he has not been keen on investing in Europe. In the choice of mergers and acquisitions, the old stock **** believes that European countries speak different languages ​​and have completely different financial conditions. It will be very difficult for them to find a balance between national autonomy and common interests.

So Buffett rarely does things in Europe with a big fanfare, because he is generally not optimistic.

But this does not mean that he will never be optimistic. Europe is now in a state of flooding, but it is precisely a good time for Buffett to gradually increase M&A transactions in Europe.

Statistics show that in recent years, Buffett’s Berkshire Hathaway has gradually shifted its investment focus from securities and insurance businesses to increasing mergers and acquisitions. This feature is also reflected in Europe.

As early as 2001, Buffett bought the Northern Power Grid Corporation, which supplies power to homes and businesses in the northeastern part of the UK, and has been reaping huge profits for many years.

However, it was not until 2006 that Buffett made another major investment decision in the UK-buying shares in the largest supermarket chain in the UK (Tesco; the mainland of Z is called Tesco).

Then, in the same year, he spent US$25.7 million to invest in the Irish industrial company Ingersoll Rand, and spent US$153 million in the French pharmaceutical company Sanofi.

After the financial crisis broke out, Buffett chose to invest in the United States instead of buying dips in Europe.

In 2008, although Buffett, who went to Europe to inspect investment opportunities, praised Europe as "Of course you want to fish in ponds with fish. Europe is an outstanding pond but believes in "You should be cautious when others are greedy." "But he was very restrained, and only invested 76 million euros in the same year to invest in a British company-the world's largest pharmaceutical group GlaxoSmithKline;

Three years later, Buffett once again spent 175 million euros to purchase 8 small European companies, and explained that the European sovereign debt crisis has caused the value of companies in some riskier countries to be undervalued. However, for the large European companies that were in urgent need of capital injection at that time For banks, Buffett was not generous, and used relatively harsh words to give a pessimistic view of the downturn in the European banking industry at that time;

After two years of silence, Berkshire Hathaway's Mamon Group spent $1.1 billion to acquire the beverage machine and sales department of the five major business divisions of the British industrial giant IMI Group.

This series of investment records proves that Buffett’s investment rhythm in Europe has changed, especially after the financial crisis. Some people also took the opportunity to ask the old stock gods. His answer is: the US economy will be ups and downs. In a recession, Berkshire's earnings will also decrease, so he must look overseas.

Seeing that Britain was about to enter a chaotic situation, Berkshire's minions began to move around.

The boldness of Buffett’s investment has always been limited to the rules. In other words, Buffett prefers to invest his funds in a market that he believes is understandable and trustworthy. To put it more bluntly, the old stock **** attaches great importance to the improvement of supervision and tax laws.

Based on such an analysis, it is estimated that only the United Kingdom and Germany can enter the eyes of his law in the entire Europe. Needless to say, the advantages of the United Kingdom. Famously, it is definitely a great choice to enter Germany when the euro is weak.

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