Blossoms: Suppressing Shanghai, international tycoon Mr. Bao

"oh?! Can you talk more about that?!"

Xiaolin's eyes lit up when she heard A Bao's words!

You know, there is no information about A Bao's family background in A Bao's background information. She is also extremely interested in A Bao's family background.

"My great-great-grandfather was a big landowner in Jiangsu and Zhejiang. Abao smiled and said,"So my grandfather studied abroad in the early days and also participated in the Tongmenghui." After returning to China, he came to the Magic City and started doing business, investment, and capital operations."

As he said this, Abao paused and looked at his uncle:"This is my uncle, and he is also my teacher."

"He and my grandfather met at that time, and they have been friends for many years."

The cameraman's lens immediately showed the uncle. The uncle just smiled and waved his hand and didn't say much.

"My father probably betrayed his own class! He became a member of the organization and worked underground."

Abao continued at this time:"When I was a child, my family background was not bad, but in order to show his attitude, my father chose to move out of my grandfather's house and live in a staff dormitory."

"But grandpa often took me back to live in his small villa, but later there was turmoil! The house was taken back, and so was our dormitory.……"

Following Abao's soft-spoken statement, a picture of life seemed to unfold before Xiaolin's eyes.

The high spirits of youth, and the confusion and doubt faced by teenagers.

Abao did not mention Xuezhi here, but he talked about his childhood, Taotao.

He talked about Tao Tao's close friendship with him, and how he lost 3,000 yuan on his first capital in the stock market, and how he made more than one million yuan and quintupled it, earning more than 3 million yuan.

Apart from concealing Du Honggen's name and the fact that the money lent was a loan shark, Abao basically told everything that could be said.

Du Honggen, who was listening directly, was stunned, what a guy!

As expected, there is an old mage standing behind Abao! He didn't tell a single lie. He was indeed learning business from his elders.

"Then these funds are only more than 3 million. How did you expand these more than 3 million to more than 10 million?! I think the audience will be very interested."

A Bao smiled when he heard this and said,"This brings me to my uncle's request for me to keep reading and reading newspapers."

"In fact, I have never stopped investing and learning since I received more than three million yuan, and my opportunity appeared at the end of last year."

As Abao said, he threw out his book list.

《"ExtraordinaryPopularDelusionsandtheMadnessofCrowds", a work by the English writer Charles McKee, translated into Chinese as"Madness of Crowds".

But there was no Chinese version at this time, and what Abao took out was the pure English version.

Then there is"HowToTradeInStocks", which is a book written by Jesse Livermore, the number one person in the U.S. stock market for a century and the king of short-selling. It is also the"How To Trade In Stocks"》

《"Baruch: The Public Years", the autobiography of Bernard Baruch, who was the economic advisor to U.S. Presidents Woodrow Wilson and Franklin Roosevelt, and was known as the super guru of investment geniuses.

As Abao took out the books one by one, not only Xiaolin but also Director Nai was stunned!

"Through comprehensive information analysis such as recent newspapers, I discovered some things that were happening. I began to wonder if my judgment was wrong, so I asked my uncle to help me analyze it."

Unexpectedly, I saw Abao whispering softly:"Uncle thought I was dizzy at first, but soon the economic model derived by my uncle fit the problem I discovered."

"So at that time, we contacted some of my uncle’s old friends in Hong Kong to alert them to the possible crisis."

When Abao said this, Xiaolin couldn't help but said:"What kind of crisis is it?!"

"The crisis in U.S. stocks. Abao did not hide anything and said softly:"The U.S. stock market has been rising smoothly for so many years that everyone has forgotten the economic crisis caused by the U.S. stock market crash in 1929.""

"After my uncle and I discovered this problem, we submitted it to my uncle's friends on Hong Kong Island, and they invited us to Hong Kong Island to discuss possible impacts and solutions with us."

Having said this, Abao smiled:"We are quite lucky. Before the US stock market fluctuated, we urgently made a response plan."

"This prevented my uncle’s friends from suffering heavy losses, so they gave me a consulting fee, which is my current start-up capital."

Xiaolin didn't feel too deep when she was listening. After all, she didn't know anything about the stock market, especially the US stock market, so what she was concerned about was:"So, Mr. Bao, can you please reveal how much of the consulting fee was given to you?!"

"It's probably tens of millions, but it's actually not much."

Abao didn't lie on this point. The consulting fee was indeed over 60 million.

But... they made short-selling US and Hong Kong stocks and other profits. Abao made 3 billion from this.

I didn't lie. I just told you part of the truth.

Xiaolin's eyes widened, she looked at Abao in disbelief and said,"Tens of millions! Not much?!"

You know, Xiaolin's monthly salary at this time is only more than 800 yuan!

Tens of millions... For her, that is almost an astronomical figure that is out of reach!

She can't imagine what kind of consultant can be worth so much. How much money!

Her doubts were actually the audience's doubts, because at this time, many viewers probably didn't even know what stocks were, let alone the situation of the stock market crash.

Abao was not angry at all, and explained softly with a smile:"Xiao Ms. Lin, you may not understand the losses and impact caused by this stock market crash."

"The 1987 global stock market crash began on October 19, 1987. On that day, the Dow Jones Index fell by 22.62%. On October 26, the Dow Jones Index plummeted again by 156.63 points, or 8.03%; the Nikkei Index fell by 4.75%, and France , Ruishi, Deutsche stock markets fell 7.0%, 10.0% and 10.1 respectively%"

"After the Hong Kong stock market was forced to suspend trading for four days, it resumed trading at 11 a.m. on the 26th. By the time the market closed, the Hang Seng Index plummeted 1,120.7 points, with a daily decline of 33.33%, setting a record for the highest decline in the history of world stock markets."

Seeing Xiaolin's confused look, Abao could only sigh.

"To put it bluntly, the stock market crash in October 1987 caused a total loss of US$1.792 billion in the world's major stock markets! This is equivalent to 5.3 times the direct and indirect economic losses of US$338 billion in World War I! Abao looked at Xiaolin and said softly:"And our current domestic foreign exchange reserves are 3.3 billion US dollars." So, do you understand?!"