The Magician’s Memorial - Chapter 120



Only Krnovel

Episode 120 New Era (4)

Dimon and Team Leader Han arrived in Japan.

They entered the loan company’s office, escorted by Captain Kang.

Perhaps because it was a loan company run with Yakuza funds, there were three Japanese swords hanging in the center of the office.

The last time a team leader visited, it was a Japanese sword that was even used as a threat.

Although it was a team leader who was worried that it would happen again this time.

It was the CEO of a loan company who reacted completely differently than expected.

“Are you here? “I wanted to pick you up from the airport, but I’m sorry I couldn’t.”

“You don’t have to go that far. “We are not invited guests, we are just meeting under contract.”

When the word contract came up, the loan company owner swallowed his saliva.

Then he suddenly bent over and hit his head on the cement floor.

“sorry. I’m really sorry.”

thud!

He hit his head so hard that blood was flowing.

Team leader Han took a step back when he saw that, but Dimon instead raised his voice and raised his voice.

“You can’t just cancel the contract just because you’re bleeding. Bring the money! money!”

“We will prepare as much penalty as possible. So, please cancel the derivatives contract.”

“Just because you’re bleeding from the head doesn’t mean you’re sincere. “Aren’t numbers equal to sincerity?”

Dimon was enjoying the current situation.

How much did you fight with the Japanese loan company for nearly a year?

The opportunity to relieve the stress of the past finally came today.

Funds, real estate, stocks, and bonds held by lenders.

It was Dimon who took things with such viciousness that one was confused as to who was the loan shark.

***

While Dimon was robbing a loan shark in Japan.

I used the excuse of a business trip to the United States to welcome guests from Wall Street at SAVE Investment Company.

Same place, same people as just a year ago, but a completely different topic.

[Didn’t SAVE Investment Company intentionally hand over IT stocks to us?]

[I heard that he sold off his IT stocks immediately. Let’s find out what the reason is.]

[Honestly, I think SAVE Investment Company is responsible for the bursting of the IT bubble. Aren’t people scared because large investment companies like SAVE are selling off all their IT stocks?]

I understand why they call them the hyenas of Wall Street.

He tried to bite me by bringing up all sorts of reasons that had no real reason.

Fortunately, George from Queendom Fund took my side and calmed them down.

“Calm down. And think about last year. Did SAVE ask us to buy IT stocks? “Didn’t we protest to sell it?”

[Hmm.]

A cough broke out simultaneously.

As George said, they were the ones who wanted to buy IT stocks from me.

The only crime I committed was selling it because they asked me to sell it. Can we call that a sin?

“Let me explain. I had the belief that IT stocks were overvalued. However, I cannot agree that I took the lead in bursting the IT bubble. Even after selling stocks at SAVE, IT stocks continued to rise for more than six months.”

“No, why didn’t you tell me that the IT company was in a bubble? “Isn’t this too much between business partners?”

This is why George hates hyenas.

Even though they had educational backgrounds that were in the top 1% in the United States, they were doing things that even kindergarten children would not do.

“Can’t you do anything if I don’t tell you? It was not that SAVE Investment Company was moving in secret, and it was information that could have been known if one had been paying close attention. “You already had the information, but you just ignored it.”

[You want to try it now!]

[You’re going to pretend to be with us, right? Let’s take on Wall Street and see what we can do.]

How strong is your pride?

In an instant, the conference hall was filled with shouts.

George was the only one who was maintaining reason here, and he calmed the people down again.

“Sleep, sleep! Calm down. What is there left to fight here? “Even when we fight, we have to listen to the story.”

“We will purchase shares of IT companies from SAVE.”

[Are you saying you’re going to buy shares for the price of shit?]

[If you don’t want to buy it at the price you sold it to us, don’t even say a word.]

It was an IT stock that was literally worth shit.

If you say they will buy you these stocks, you can’t help but raise your voice even though you say thank you.

“Only the companies you want can do business with me. “We will purchase it at a price that is about 5% higher than the current stock price.”

“Hmm, I think 5% is too low.”

George said, clearing his throat.

Queendom Fund also held a large amount of IT stocks, so it couldn’t just take my side.

“Of course I have to give you more. “I entered into a derivatives contract with a Japanese loan company using the funds from the sale of IT stocks.”

“If it’s a derivative product, do you mean under the same conditions as last time?”

“That’s right. Since the IT stock price has been cut in half, it is a derivative product that can save you 2 to 3 times more. “If the stock price falls further, 6 to 7 times is possible.”

I took out the IT derivatives contract.

George and others carefully checked the contract, and soon greed appeared in their eyes.

“Hehe, when did you make all these preparations?”

“I have been preparing step by step since last year. As I always say, I am someone who always wants the whole of Wall Street to do well. Just as we shared derivatives with Wall Street last time, we had plans to do so this time as well. But when you criticize me like this… .”

[Hmm, shouldn’t we have brought up the story about derivatives earlier?]

[I was just complaining once.]

The atmosphere changed at once.

The atmosphere changed as the hyenas changed their target from SAVE investment company to Japanese loan company.

“We sell it for only 1.5 times the original price. It’s a $1 million contract, so I’ll take $1.5 million. You can pay for it with stocks of IT companies.”

“Hmm, even if we can’t recover all the damage, we can minimize it.”

I distributed the derivatives contracts equally.

I was handed shares of an IT company in real time.

In particular, all of the stocks of Apple, Amazon, and Google that were almost forcibly taken away last time were recovered, and thanks to additional purchases, the company now owns more shares than last year.

***

All the hyenas returned home.

As I was exhausted and leaning on the chair in the conference room, a team leader came in with coffee.

A team leader who had gone to Japan with Dimon flew straight to the U.S. for this project and was by my side.

“Thank you for your hard work. “I wanted to resolve it in my own way, but these people are so polarizing.”

“What’s the point of suffering? “I just picked up the shares that were given to me on my own.”

“It seems like the IT derivatives contract was handed over at a very low price. “They were people who would buy even if it were 2 to 3 times the price, not 1.5 times the price.”

The person who created and sold IT derivatives was a team leader.

His expression was not good, perhaps because he had sold his work at such a low price.

“If you can get money according to the value of the derivative, of course it is a bargain, but how much of that can be recovered?”

“Do you expect a Japanese loan company to come out with double the amount?”

“The last derivatives product was for famous banks and large corporations, so we received the right price, but most of the products for this time are loan companies with ties to the Yakuza. “They are people who really cut their own ship.”

Should we call it seppuku?

The Yakuza were people who would willingly commit seppuku to avoid receiving money.

“Still, there is no change in the fact that 1.5 times is a small amount.”

“The goal of this matter was the downfall of Japanese loan companies rather than money, so it was handed over at a low price. Don’t hyenas bite better than us? “The people who will chew down your bones are the hyenas of Wall Street.”

Although it is said that Dimon learned the private loan business in Myeong-dong.

It was impossible to get away with a Japanese loan company that had been in business for decades.

In that case, all they had to do was use the hyenas of Wall Street, which had a longer history, as hunting dogs and rob them.

“The hyenas on Wall Street will even use the U.S. government to bite them, so Japanese lending companies will have to strip down to their underwear.”

“And I left behind a derivatives contract from a large lending company. “We take care of the things that are easy to recover and hand over the difficult things to Wall Street.”

“I was already worried because I had a lot of money going out these days, but I’ll take a breather. “We can achieve returns of over 20% this year.”

It was a team leader who was complaining.

Other investment companies on Wall Street are seeing huge losses rather than profits, but they only get a 20% rate of return.

“But is there that much money going out?”

“… … We invest over $1 billion annually in battery companies. “And the amount of money that goes into Silicon Valley is not small, and if you include the research support that goes into university labs, it’s over $3 billion.”

SAVE Investment Company was called an angel investment company.

Not only Silicon Valley but also universities were supporting us with so much money that they called us that.

“Think of it as an investment. “It only costs $3 billion now, but in a few years it will be worth more than 10 times more.”

“I don’t even expect it to go up to 10 times. “We are providing support with the idea that we can make our money back even if just one or two of the companies and research projects we have invested in are successful.”

“Is the battery company doing well?”

“We continue to advance technology through collaboration with Taewoo Electronics’ battery department.”

I continued to invest in the battery field.

Battery was an area where it was impossible to create a perfect product overnight.

Therefore, in order to save time, Taewoo Electronics’ battery division and TDK’s battery division were operating simultaneously.

A kind of two-track strategy.

Although it has the disadvantage of doubling the investment, it has the advantage of accelerating the speed of technology development.

“Sooner or later, batteries will be needed in large quantities.”

“Are you talking about the new cell phone that Apple is developing? Dissatisfaction is already rising at TDK. “Apple keeps asking for impossible batteries.”

“They are asking for more money and manpower. “Tell them to listen to Apple’s demands, even if it means increasing the investment.”

“I will do it if you ask me to, but is it okay? Apple’s stock price fell by half. “I don’t know if a proper product will be made under these circumstances.”

I said this because I didn’t know.

I had already seen a prototype of the iPhone, and it was a product that would turn the world upside down even if released as is.

“Isn’t it true that miracles happen when you are earnest?”

“I will at least float some water and pray.”

“It is more helpful to go and encourage in person than to pray. “Let’s go to Apple headquarters together.”

“Are you saying the same thing to me? What would I know if I see it? “I am practically illiterate in the field of engineering.”

“That’s why I’m asking you to go with me. “Because the average person’s eyes are more accurate.”

We headed to California with a team leader in tow.

The whole time he was moving, he looked like he didn’t know why he had to go.

How would your face change if you actually saw the iPhone?