Gold has a ten-year peak cycle, and there are still six years of accelerated growth. This is a long time, so the money needs to be invested in a diversified manner and arranged in advance on Wall Street.
The next day.
Bao Junyi met Julian Robertson on Wall Street through a headhunting company. In five years, he grew his fund from 10 million to 2 billion US dollars. In 1968, he was named the youngest "Rising Star Stock God" by Wall Street.
Until the end of 1972, many stocks investments resulted in serious losses. Considering the economic situation in the United States, lowering oil prices would promote economic development. Therefore, shorting the oil market was used to make up for the losses in the stock market.
However, in October 1973, the Middle East War broke out, triggering an oil crisis. Short-selling oil positions were instantly blown up, oil was not available for purchase on the market, and oil could not be delivered. The losses were heavy, the fund was redeemed in large quantities, the company went bankrupt, and it was left with a lot of debts.
Bao Junyi also got a brief understanding of Julian Robertson through a headhunter, but his experience was still different from that of later generations.
Bao Junyi greeted him, "HI, Mr. Julian Robertson, I'm the boss of Miracle Group."
"Hello, Mr. Bao, I heard from the headhunter that you want me to start a fund company?"
"Yes, and I am very optimistic about your abilities."
"Mr. Bao, you should know the reason why the previous fund company went bankrupt. Are you still willing to believe in my ability?"
"Mr. Julian Robertson, we Chinese have an old saying: 'Every failure is a learning experience.' We must get up from where we fell."
"Don't you agree?" "During the critical testing period, readers urging updates and voting is the author's greatest motivation."
Continue read on readnovelmtl.com
