Carefree Tycoon

Supreme Sacred Ring, Carefree Tycoon!

In the 80s, a good-quality old Hainan Huanghuali round-backed armchair from the Qing Dynasty could be yours for just twenty yuan. Now, two million yuan o...

Chapter 495: Vanguard Fund

David Anderson smiled immediately after hearing Yang Jing's question. "Boss, our achievements in the past six months have been very impressive. According to the plan you made at the beginning of the year, we have already made enough profits in the stock market, especially in stock index futures. At the same time, we bought enough stocks when the stock prices of major companies were relatively low at the beginning of the year. At the same time, we made more aggressive operations on some small-cap stocks. The main profits at present come from those small-cap stocks and stock index futures."

After a pause, David Anderson continued, "And now Vanguard Fund has taken the initiative to find us and wants us to become their partner. The call just now was me and Mr. John Bogle discussing joining Vanguard Fund."

"Vanguard Fund? Vanguard Group?" Yang Jing asked in surprise.

"Yes, it is this fund. What's the matter, Boss? Is there something wrong?"

Yang Jing shook his head. "No, I'm just curious about how Pioneer Fund found us."

"Boss, this is normal. In the past six months, our KY Investment Fund has been making waves in the U.S. stock market. It is the most watched giant fund in the U.S. stock market this year. Not only John Bogle, but even George Soros of Quantum Fund, Julian Robertson of Tiger Fund, and Henry's senior brother Warren Buffett have contacted us. The amount of funds we have is very popular with these funds."

"Buffett also contacted us?"

"Yes, according to your instructions, we contacted Buffett many times at the beginning of the year, and finally acquired about 11% of the shares from him and other shareholders of Berkshire Hathaway at a 10% premium. Our KY Fund is now the second largest shareholder of Berkshire Hathaway. And our capital is huge. It would be abnormal if Buffett did not contact us actively."

"Well, we can maintain a good relationship with Buffett." Yang Jing nodded. "As for George Soros and Julian Robertson, whether it is KY Fund or Dragon Fund, it is best to stay away from them. These two guys are too unruly, especially George Soros. He has a dirty bottom and has close ties with Washington. David, we are engaged in investment and speculation. We'd better stay away from people who have intricate ties with the 'government' behind the scenes."

David Anderson was shocked when he heard Yang Jing say this, then he let out a long sigh and said, "Fortunately you came early, otherwise I might have cooperated with George and Julian."

"Don't cooperate deeply with anyone! Our Dragon Fund is already strong enough, and we don't need to look at anyone's face. Limited cooperation is fine, but we must never let the Dragon Fund lose its transcendent neutral position. We are speculators, and if we lose our neutral attitude, it will bring unpredictable disasters to our speculative actions."

"Boss, I understand what you mean." David Anderson said sincerely.

"David, we can start cooperation with Vanguard Fund. It's not impossible for us to become their partners, but we must maintain our independence. Hmm." Yang Jing's mind quickly thought of some information about Vanguard Group, and his right index finger tapped lightly on the armrest of the sofa. "We can put Vanguard Group in the front, but as for which company to invest in, we have to decide for ourselves. It's their business if they are willing to follow suit, but we must guarantee the investment shares in our hands."

"clear."

Only then did Yang Jing nod with satisfaction.

In the original time and space, Vanguard Group has developed into the world's second largest investment fund and the world's largest fee-free fund family, with investment assets under its custody approaching US$4 trillion.

This investment fund, founded in 1975, will have an incredible growth rate in the future. Although the assets and market value of the fund itself are not large, the scale of the investment involved by this fund is extremely astonishing.

The BlackRock Fund, which is the world's largest investment fund in the future, has not yet been established. BlackRock Fund will not be established until next year. Therefore, it is not a bad way to cover up by bringing Vanguard Group to the forefront.

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