Tao Liangchen
Chapter 627 Opening Loss
For two days in a row, "Hot News Broadcast" reported on the return of the animal heads and the Min Fang Lei bronze vessel, and news was everywhere. Even Su Yehao's hosting of a choir back in '97 was dug up and praised again.
It was as if the adrenaline had been secreted in advance.
On the 19th, everyone seemed relatively calm instead.
Su Yehao had no time to rest during the day. While receiving guests, he was also interviewed by various media outlets. After entering the venue in the evening, he was preoccupied with exchanging pleasantries with others. He received more than seventy business cards throughout the day, and his head was buzzing by the end.
After watching the flag-raising ceremony in the newly built Cultural Center's Garden Hall in the middle of the night, he went home and fell asleep, and the sound of firecrackers outside couldn't wake him up.
He woke up after a good sleep.
Those who needed to rest rested, and those who were busy with business were busy with business, with almost no difference.
Christmas and New Year followed closely, and Su Yehao was still busy. Personnel transfers, bonus arrangements, next year's plans, and other documents piled up on his desk like a small mountain. Linda Yun specially called a young man to help with the documents.
It was not easy to finish the year-end work, and his head was almost mush.
Signing his name too many times on paper almost made him forget how to write it. The difference in strokes between "苏业豪" and "蘇業豪" made him feel that simplified characters were really a good thing.
When processing documents, he occasionally saw some companies that felt unfamiliar.
After asking, Su Yehao was surprised to find out that he was a shareholder. For example, there were more than twenty computer game startup teams in Silicon Valley that he had ventured into last year. He rarely paid attention to them.
Gradually, the funds invested in the initial financing were used up, and now they were all flocking to him to ask for more funding.
The development status of these companies varied. Some were close to bankruptcy and needed to be re-evaluated to cut off investment projects with no potential and stop losses in time.
As for Google, CEO Larry Page proposed preparing for an IPO next year and formulating a stock reward plan. Su Yehao thought about delaying it and only replied that they would discuss it in the second half of next year.
He finally made it to Christmas, and then he was caught up in mediating among the girls.
Others rested during the holidays, but Su Yehao felt like he was on vacation every day, yet he was most afraid of encountering holidays...
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In the blink of an eye.
After New Year's Day, the "Millennium Bug" incident that people were worried about, of course, did not happen.
Su Yehao was in a semi-retired state, and the days passed by unnoticed. The Lunar New Year also quietly arrived.
There was a bit of a New Year's atmosphere in Hong Kong, but it wasn't too strong. This year, Su Yehao accompanied his father and Second Aunt Tai for a reunion dinner on New Year's Eve and stayed at Yin Liuli's villa in the evening.
Nangong Tian and Jiang Yu both went home to spend the holidays with their families.
On the first day of the Lunar New Year, he went to the Tang family's old house to wish his grandfather a happy new year, and in the afternoon, he brought gifts to Nong Qingying's house.
After a big circle, he finally got through the Spring Festival perfunctorily.
On the fourth day of the Lunar New Year, which was February 8, 2000, Zheng Yongwen, the vice president, rarely took the initiative to call Su Yehao and invited him to have a cup of coffee at the top floor of the hi~o(* ̄▽ ̄*)ブ Garden Hotel.
Sitting in the bulletproof version of the Rolls-Royce Silver Spur, which had just been returned after being serviced, he felt like he had a new car after changing to a two-tone new paint job.
Su Yehao leisurely arrived at the top floor of the hotel, yawning and joking with Vice President Zheng Yongwen, saying, "Brother Yong, you really know how to choose a place. You set the meeting place in my hotel. Are you treating me to coffee, or am I treating you? With our relationship, how could I be embarrassed to take your money?"
"Are you saying I don't have to pay?"
Zheng Yongwen sat at the square table, crossed his legs, flipped through a magazine, and said with a smile, "You guy really has no conscience. When you need me, you call me Dean Zheng, but now I've become Brother Yong. Even if you don't pay for the coffee, I'll still give the waiter a tip. I can't let them work for nothing."
"I'm just kidding, don't take it so seriously..."
Su Yehao sat opposite him and continued, "As soon as I got your call, I immediately ran over from Big Wave Bay. No one else has as much face as you. Grand Dean, what do you want me to do?"
"It's not really an order, I just want to cooperate with you, young master. The media wrote a few days ago that you lost three hundred million US dollars in stock speculation, is that true or false?"
"It's true. If you walk the night road too much, you're bound to encounter a ghost. I still feel bad about it. It's all because of a talkative intern assistant who made everyone know about it. For a mere few thousand dollars in tip-off fees, she lost a job with an annual salary of more than two hundred thousand. I really don't know what that intern assistant was thinking."
Su Yehao's tone was calm.
Speaking of losing more than 300 million US dollars, it was really his own fault.
Before the Spring Festival, he noticed that the NASDAQ index was rising sharply, and Su Yehao thought it should have peaked, so he turned to First Advisory Securities to short the NASDAQ index.
Unexpectedly.
He put 400 million US dollars of principal into building a short position with leverage, and the NASDAQ index soared on the second trading day. He patiently watched for a few more trading days, and finally only withdrew more than 30 million US dollars.
Unlike stock speculation, this time it was purely Su Yehao patting his head and trying his luck.
Facts proved that his luck was really not that good.
In just five trading days, the total increase of the NASDAQ index was close to 9%. He made a rare gamble, betting that the Internet bubble was about to burst, and was immediately taught a hard lesson by the market, almost losing to forced liquidation.
As the intern assistant leaked this matter to the media, it would have been fine if he was just laughed at.
The key was that Su Yehao also controlled a listed company. After the news spread to the United States, it triggered panic among the shareholders of Yanwenzi Group. Even the U.S. Securities and Exchange Commission and the Yanwenzi Group's board of directors sent letters asking him what was going on.
In the end, Su Yehao could only find an excuse, saying that the independent investor he hired had taken the liberty to choose to short the NASDAQ index, and that was how he barely muddled through.
He should have continued to be bullish, but he chose to join the "air force" camp because his head was feverish, turning making money into losing money. Back and forth, he lost almost one and a half large yachts, and Su Yehao inevitably felt depressed.
At this moment, he looked at Vice President Zheng Yongwen and asked, "Why are you bringing this up?"
Zheng Yongwen smiled:
"After seeing the news in the newspaper, I also studied the NASDAQ index and found that the trend since 2000 is obviously abnormal. The big gains in recent days have further proved my point. You really have the courage, young master. You dare to short the stock market when it's making a comeback. Obviously, a group of people are pulling up the price to ship goods recently, but your hunch is correct. The NASDAQ should be about to have problems, and I estimate it's going to happen soon."
Rolling his eyes, Su Yehao said, "Then shouldn't you thank me for giving you inspiration at a great cost? Does this count as stepping on my corpse to pave a clear path for you?"
Vice President Zheng Yongwen smiled without saying a word, seemingly gloating, took a sip of coffee, and said:
"Compared with other investors, you are already very lucky, okay? You successfully caught a big bull market, and now you're just spitting out a small portion. How can anyone in our business really be invincible, only making money and never losing? What do you think, young master, do you dare to gamble with me? Same rules, if you make money, give me some hard work fee."
Su Yehao spread his hands and said:
"What dare or dare not, I've already lost money, so why not increase the stakes and get back both the principal and the interest? I don't believe it can keep rising. I just transferred three hundred million into my wealth management account a few days ago, totaling more than five hundred million US dollars. Now I'm just waiting for the NASDAQ to show a downward trend, and I'm only missing a signal for now. To be honest, I've been waiting for this opportunity since last year..."