Chapter 58 Investment Company

December 23, 1995.

The Christmas spirit is growing stronger across the United States.

Urging calls from my mother Robin have also become frequent since yesterday.

Milo didn't come home for Christmas last year, but Paladin was still at home at that time.

If he didn't go home this year, Milo knew that his mother would be very sad and kill him.

So he seized the time and prepared to quickly finish the affairs here and return to Plymouth.

Los Angeles, Financial District.

This place is located in the downtown part of Los Angeles.

It is bounded by the Los Angeles River to the east, Third Street to the south, Broadway Avenue to the west, and Second Street to the north.

Covering an area of ​​about 500 acres, it is the most prosperous commercial center in Los Angeles.

The Financial District is the intersection of Los Angeles' civic center and commercial center.

The convenient transportation and complete supporting facilities make it an ideal place for many financial institutions to settle in.

But the irony is.

During the day, this is where well-dressed high-end financial elites and upper-class people gather in the city center.

But when night falls, more and more "urban explorers" from the City of Angels will occupy this area.

The buildings here are tall and beautiful, and the hygiene is good. Urban explorers in Los Angeles like to spend the night here.

Of course, the LAPD usually comes out to drive people away as soon as the sun rises.

So that the financial elites from Los Angeles can come to work here soon.

Extremely rich during the day, extremely poor at night.

Los Angeles features, American landscape.

Milo is now in the financial district of Los Angeles, sitting in the office of Paladin Investments.

This is a company that just opened today, and currently there is only one person except him as the boss.

There are only seven and a half employees.

Among them are a general manager, three traders, two analysts and an accountant.

The remaining half is a senior partner at O'Melveny & Myers LLP, and he also serves part-time as legal counsel for Paladin Investments.

He doesn't need to come to work in the company on weekdays, but when necessary, Paladin Investment Company's legal issues will be handed over to him.

After all, Paladin Investment Company is still innocent.

It’s okay for other employees, but we currently cannot afford to support a senior legal team of our own.

Wendy is indeed very efficient at work, or rather, the Blackburn family has a rich background.

Of course, it is also related to the fact that Milo has been doing various stock acquisitions during this period.

Wendy gathered the team that she had temporarily hired when she acquired the stocks previously, and a simple investment company structure was formed.

For example, General Manager Nelson was the bank investment advisor when Milo acquired Yahoo shares.

Nelson used to work at Bank of America, but was poached by Wendy to serve as the general manager of Paladin Investments.

At this moment, Milo was in the office, listening to Nelson's detailed report.

Nelson was afraid that his boss wouldn't understand, so he dragged over a mobile whiteboard. While he was teaching his young billionaire boss some financial knowledge, he used the trend charts of various financial projects to analyze the various trends in the financial market.

As a genius, well, let’s just call him a genius.

Anyway, when newspapers report on Milo, the words most used are "divine revelation", "genius" and "gospel".

Milo does have a photographic memory now.

He absorbed some of the financial knowledge that Nelson talked about as quickly as a sponge absorbs water.

Because Nelson knew that his boss was a financial idiot, ahem, a financial newbie, so he explained it in a very simple and easy to understand way.

He also took the trouble to explain some of the financial terms to Milo.

This is undoubtedly a good thing that saves time and effort for Milo.

In other words, Nelson is his subordinate, otherwise, no financial expert on Wall Street would be so patient in explaining financial knowledge to a newbie.

They would just say, "Dear sir, you just need to give me the check and sign it when the time is right."

After two hours of explanation, Milo basically got rid of the title of financial idiot.

To be honest, Milo had also been exposed to China's stock market in his previous life.

They are basically facing the fate of being slaughtered, and it is very common for retail investors to take risks in the Chinese stock market.

With Nelson's explanation, Milo had an intuitive understanding of the current stock market in the United States.

Over the past year, the Federal Reserve has maintained a loose monetary policy due to concerns about market inflation, which has led to a continued rise in the U.S. stock market.

According to Nelson's prediction, the Dow Jones Index is expected to break through the 6,000 point mark next year, while it is currently only around 4,500 points.

At the same time, Milo also learned that General Electric still has the highest market value in the U.S. stock market.

However, the hottest stocks in the market now are Internet stocks.

In particular, Netscape, which had already successfully gone public, took only one minute for its market value to exceed 2.8 billion US dollars.

However, it took more than 30 years for General Electric's market value to exceed US$2.8 billion.

Of course, that was $2.8 billion in the 1940s.

"Nelson, I can only give you $5 million in the account right now. In which field do you think you should invest this $5 million?"

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"Boss, you have actually been doing this, and you have done it better than anyone else. The Internet, of course, is still the Internet. Now everyone knows that the Internet is going to be a big hit!"

Milo nodded in agreement with Nelson's suggestion.

But Milo actually wanted to try other areas.

After all, if you want to see your money back when investing in the Internet, there are other ways besides mortgaging your stocks at a bank.

It is estimated that we will not be able to see the money returned until the middle of next year, after a large number of new Internet companies go public.

But reason told him that he should trust professionals with professional matters.

The two-hour explanation just helped me get rid of the label of a financial novice.

As for what to be familiar with or proficient in.

That's nonsense. No matter how talented he is, he can't learn something that others have spent their whole lives studying in just a few hours.

Milo was fed up with the current tight life.

So even though Nelson believed that he should continue to invest in the Internet, he still insisted on testing the waters in other areas.

"Of course I know that the Internet is the best investment direction at present. And it will be so for the next five years."

"But I think I already have the best chips in Silicon Valley. So I plan to invest the $5 million in other areas."

“Nielsen, besides the Internet, what else do you think is worth investing in?”

Nelson was somewhat frustrated by his boss's confidence.

But he also agreed that his boss did hold some of the most sought-after chips in Silicon Valley.

For example, Yahoo.

For example, EBAY, which was established only three months ago.

This is also why Nelson was willing to leave his job at Bank of America.

The reason why he came to Milo and served as the general manager of Paladin Investment Company.

Milo's large holdings in Internet company stocks made Nelson feel that Paladin Investments had great potential.

Seeing the boss's handsome eyes staring at him, Nelson knew that the boss was evaluating his own worth.

If he doesn't show himself, his position as general manager of Paladin Investment Company will probably be unstable.

“Crude oil futures are a good direction.”

After careful consideration, Nelson said, "When I was still at Bank of America, I heard rumors that the oil fields in Venezuela have been adding equipment this year. This should increase their production next year by a lot compared to previous years."

"Venezuela is a very important oil producer. If this is true, their actions will lead to an increase in supply. This will cause crude oil to go short."

After Nelson finished speaking, he looked at his boss quietly, wanting to know his opinion.

But he saw that Milo seemed to be in a daze, with a numb expression.

But in fact, this is the expression Milo would show when he fell into a strange state.

For example, he was like this when he was "creating" novels and movie scripts.

Nelson didn't know about Milo's situation, but he didn't dare to disturb Milo.

A few minutes later, he saw his boss smiling: "Then go short crude oil, Nelson, I believe in you!"

(End of this chapter)