New York 2006
Chapter 83
Chapter 83
Luo Ji stood on the podium in the auditorium of his former high school, with his mother Sammy, grandmothers Queenie, Fiona, Blake and Hailey.The former teacher and classmates sat below and looked at Luo Ji with relief.There were several reporters filming and interviewing around.
"I have spent four years in this school, and it holds so many memories. What I have achieved today is inseparable from the school's training in me. I would like to thank the teachers of this school, especially me. My music teacher, she taught me a lot of music theory knowledge. Without her training, I wouldn’t be where I am now. Thank you.”
After Luo Ji finished speaking, he nodded to the music teacher. The music teacher stood up and accepted the applause from those around him.He walked up to the stage and hugged Luo Ji, then picked up the microphone and spoke.
"Thank you very much for Logic's recognition. I have been coming to this school for decades and teaching music for decades. I feel very gratified to be able to cultivate a singer. I hope to continue working hard in the future and be able to cultivate more singers." Musical talent, thank you all!”
After the music teacher finished speaking, everyone continued to applaud silently.
Luo Ji saw many students whispering, so he smiled and picked up the microphone and said, "I have participated in various school meetings in the school auditorium before. I know very well that everyone hates these."
"Hahaha." The teachers and classmates in the audience laughed.
"Then I will go directly to the topic without taking up everyone's time. The school's musical instruments and recording equipment have not been updated for a long time. So I plan to donate 50 yuan to help the school replace its music equipment. In order to be able to help more A classmate who likes music.”
Clap clap clap.
The students and teachers around applauded, and the staff took out a large printed check that had been prepared in advance. Luo Ji, the music teacher, the school principal, and other prominent people in the school stood together and took photos with reporters while holding the check.
After taking a group photo, the music teacher walked up to Luo Ji and hugged him warmly. However, the hug lasted a bit long. Luo Ji felt like he had gone back to the past. After the music teacher hugged him, he also kissed him on the cheek. , said holding hands.
"Several teachers and classmates I contacted some time ago all clarified to the media that you are not a bully, you perform very well in school, and you are a good child. Did you see that?"
"I saw it. Thank you for your support." Luo Ji said sincerely.
"I know you're not that kind of person." The music teacher said.
Blake then walked up to Luo Ji and whispered a few words in his ear.When Luo Ji heard what he said, his expression changed and he quickly said goodbye to the music teacher.Pull him to a corner.
"Fxxk, these idiots." Said to Blake.
"They also mean well!"
Ever since Luo Ji became a singer, several of his former classmates wanted to work with him, but Luo Ji never paid attention to them.
Some time ago, the media began to uncover dirty information about his past. Several classmates who had been bullied in the past paid reporters to anonymously reveal Luo Ji's bad behavior in the past.
Although it is anonymous, it is not a secret at all within the school circle.Everyone knows who the whistleblower is.
His classmates who were good friends before this morning knew that he was going back to school, so they took the initiative to join forces and beat those people up. They couldn't see him, so they went to Blake to ask for credit.
"You're so kind, you're not helping me, you're simply harming me!" Luo Ji said through gritted teeth.
"What should we do now?"
Luo Ji said seriously: "Go tell them that everything they do has nothing to do with me. I don't want to see bullying happen at all. Tell them not to bother me in the future!"
"Isn't this not good? Some of them are the same people we used to play better with!" Blake said.
"Fxxk, Blake, have you been by my side these past few months in vain? Don't you know how bad the media is? One of the purposes of donating so much to the school today is to wash away the negative news that happened some time ago. If the media finds out that this matter is related to me, all my efforts will be in vain!" Luo Ji said sternly.
"I understand, I will tell them!" Blake said and left.
Luo Ji looked at the reporters present. They had a good relationship with Luo Ji, and today they were here to report on Luo Ji's behavior of giving back to his alma mater.Luo Ji talked with them and found that they had not noticed the bullying case that happened today.
"Thank you for coming today."
"Yes, Logic, you are very good! Your classmates and teachers speak highly of you. I will ask the editor to give this news a good page!" said a reporter from Viacom.
"Thank you. I'll take my leave now. I have other things to do today!"
Luo Ji continued socializing for more than 30 minutes, then said goodbye to the music teacher and the school principal.
Fiona drove a car with her mother Sammy, grandmother Queenie and Hayley.Blake drove Luo Ji in his car.Heading toward Broadway.
"They all accuse you of being very ruthless, and you don't even want to see them again after you become rich!" Blake said calmly.
"Be ruthless and be ruthless. You should know what their virtues are. They cause trouble all the time, have a chaotic private life, bully others everywhere, do nothing every day, and have no intention of making progress. I don't want to be implicated by them one day."
Blake whispered: "Weren't we like this before?"
As the vehicle drove away from the school, the dilapidated industrial area that gradually appeared became more and more desolate, with more and more homeless people. Luo Ji said calmly: "Although the two of us did well in school before, I didn't like that kind of life at all. I just didn’t like it. That’s not the life I want.”
Blake drove the car and looked out the window: "I hate that life too."
The car drove to the villa area near Broadway Street. Several people got out of the car. A middle-aged white man was already waiting at the door. He immediately greeted his grandmother Queenie when he saw her.
"Queenie, you look so beautiful today!"
"Haha, wasn't I beautiful when I came here last time?"
"Of course not! You were very beautiful last time." After the middle-aged white man finished speaking, he turned to greet Sami: "Sammy, you are also very beautiful today."
"Hahaha." After saying this, Sami pulled Luo Ji to him: "Here, let me introduce you to him. This is my child Felix."
Only then did the middle-aged white man notice Luo Ji: "So you are Logic's family. Hello Logic! I am the real estate agent in this villa area, and I like you very much..."
After he finished speaking, he was about to shake hands, but Luo Ji interrupted him directly: "I'm very busy today, just lead the way!"
The real estate agent put down his raised hand in embarrassment and silently walked to the front to lead the way.
Several people came to the villa area. Luo Ji observed that the security situation was very good. Most of the people walking around the villa area were white faces and East Asian faces, with only a few Latino and black faces.
Sammy looked at Luo Ji with a smile: "Feili, this area is a famous wealthy area on Broadway. It's only a 10-minute drive to the company and a 25-minute drive to Chucky's school. The surrounding living facilities are very convenient. , Queenie and I are very satisfied with the environment here.”
Several people arrived at the door of the villa and everyone walked inside. The real estate agent began to introduce: "The entire area is 460 square meters. The cabin in the front is the garage. The back is surrounded by a wooden fence, with a swimming pool and a small garden. The villa covers an area of 360 square meters. , divided into upper and lower floors..."
Luo Ji looked around and found that it was honestly not as good as Britney's manor.But he was still quite satisfied: "How much?" "Six million meters."
Sammy said: "That's the price you quoted last time."
Luo Ji stared at the real estate agent: "I'm very busy and don't have time to bargain with you. Now you give me the most sincere price. If it's right, I'll buy it."
The real estate agent was silent for a while: "$580 million."
"Let's go." Luo Ji said to Sammy, Queenie, Fiona and others.
Mother Sami was still a little hesitant, but seeing Luo Ji's firm steps she could only follow him out. Grandma Queenie and the others also followed.Luo Ji began to recite the numbers silently in his mind, five, four, three, two. Before Luo Ji could finish counting, the real estate agent stopped them.
"560 million yuan, this is the lowest price!"
Luo Ji didn't look back and continued to walk out. When Luo Ji reached the street, a middle-aged white man ran out and followed him. He said bitterly: "Fifty-four million dollars, this is the limit I can give." .”
"It's a deal, then help me go through the formalities!" Luo Ji stretched out his hand to shake his hand.
The real estate agent was stunned, then smiled and said, "Do you need a loan?"
"Of course, you can help me contact the mortgage company! I need the best interest rate." Luo Ji looked at his mother Sami and grandma Queenie: "I'll leave it to you two to take care of the rest. I'll go back to the company first. Something’s wrong!”
Fiona, who had been fishing all the way to the car, said, "Where did you learn your bargaining skills?"
"I don't know either," Luo Ji said with a smile.
Back at the company, Luo Ji first went to the fourth floor of the office building.
There are two companies here, one is an Internet company just established by Luo Ji. Hooli, a mutually beneficial Internet company.
In order to deal with a plagiarism case last time, Luo Ji found someone to develop copyright comparison software.The sales were very good, and later Universal was willing to buy 1800% of Future Records for $12 million.So Luo Ji separated the software from the record company and established an Internet company.Now Yang Jian, who made the software last time, is in charge.
"How is the sales of the software going? Who are the main customers?" Luo Ji asked.
"The software is selling well. The main customers are record companies, songwriting copyright companies, copyright agencies, performance rights organizations, radio stations, individual songwriters, etc. We have implemented a system with Netflix. The monthly rental system is 50 per month. Mi Dao, after binding the credit card, the payment will be automatically deducted next month.”
"Yeah, very good." Luo Ji said.
"In fact, the price can be set higher. These customers are not short of money. They don't care about spending dozens of dollars per month." Yang Jian said with a smile.
Luo Ji said: "Forget it, I'm from the music industry, and I don't want to make money with this software. As long as it can maintain the operation of the seven people in the company. Just continue to dig into this software and keep it updated."
"Ok."
Luo Ji thought for a moment and said, "Do you have any good ideas? You can bring them forward and we can continue to develop other software!"
Yang Jian said bluntly: "No, if I had a good idea, I would have started my own business!"
Hearing this, Luo Ji was not angry at all, but encouraged him a few words.A capable person has a temper, and as the boss, he still needs to be coaxed.
Luo Ji looked at his Internet company. He didn't have any good creative ideas at the time, so he left first.Luo Ji came to the newly established multicultural new media company next door.
This company was established by Luo Ji and Liu Shu, and he held 51% of the shares.The person in charge of this company is Xiao Wang, a Chinese who was transferred from Luo Ji's future record promotion department.
"How is the company?" Luo Ji walked in and asked.
"We studied the video playback volume on YouTube and found that the most popular ones are comedy videos and game videos. So we initially plan to focus on this direction!"
Luo Ji added: "Political news must also be promoted. We can't handle those big media groups, so we can start from segmented industries, such as finding a Latino host who specializes in collecting Latino-related news for comment and analysis. There are also Chinese, Japanese, etc. You must pay attention to the people sent by Liu Shu. They are media practitioners, and you cannot engage in internal strife with them!"
"I see!"
Luo Ji walked up to his ear and said: "Xiao Wang, you have to remember what I told you. Our goal is to have a certain influence in new media. Those platforms that will not make money for a while, For example, you have to pay attention to Twitter, 4chan, Reddit, Myspace, and Facebook. If I need to hype something on the Internet, you have to do it for me."
"I will!"
After Luo Ji finished explaining this, he returned to his office on the fourth floor.After a while, Greg Lippmann, the investment manager of Deutsche Bank CDS, came over.He is a 30-year-old white man and very handsome.
The two chatted for a while, and he held up a lot of models to explain the reasons why CDOs derived from real estate were about to collapse.Luo Ji gained a lot from listening to it. When he chatted with Xu Youyu last time, everything that was unclear was instantly understood.
“Next I’ll show you how to short the impending massive loan defaults and falling home prices.”
Greg Lippman first took out a curve chart and handed it to Luo Ji. There were four curves in different colors, red, blue, green, and black.It started out in 2000 as a straight line with only a few fluctuations until the beginning of this year, when the green and black curves declined.
"Look at these four curves, this is ABX. It was launched by several major home loan companies in the United States. Subprime home loan bond price composite index / subprime mortgage derivative bond composite index. It represents the value of CDO. That is, the value of home loans. value."
"You continue." Luo Ji said seriously.
Greg Lippman said: "Banks will classify loans into four grades based on the homeowner's information and personal income. If you look at the chart, red represents AAA and blue represents AA, which are the evaluations given by the three major rating agencies. That is to say, the lender's repayment ability is very good, and there is almost no default. Green and black represent BB, and BBB. They are also given by the three major rating agencies. They are so-called subprime loans. They have declined at the beginning of this year. One point. This index cannot be purchased in the futures market, so you can only use CDS for betting."
"So what's your suggestion?"
"I suggest you use CDS to buy the ABX index of BB and BBB, betting that it will fall in the next year! After one year, investment banks or insurance institutions will pay a certain amount of funds based on the proportion of the decline. But if you can't wait a year , then after you purchase, we also have a special on-site trading software, and the value of the CDS will increase freely according to the ABX index. You can sell your CDS to other investment institutions at any time."
Luo Ji thought for a moment: "What about the odds?"
"AAA's odds are the highest, with almost no fluctuations for decades. So for every 5% drop, there are 5 times the revenue. BBB's odds are the lowest, with only 5 times the revenue for every 0.5% drop. The other two are 3 times and 1x. Which one do you want to buy?”
"Just buy an average of all four."
Greg Lippman did not refute Luo Ji's words, but asked, "How much do you want to buy?"
Luo Ji's eyes were shining, like those of a wolf, and he said greedily: "1000 million!"
I've been looking for this information for a long time, so the update is a bit late, sorry.
(End of this chapter)
Luo Ji stood on the podium in the auditorium of his former high school, with his mother Sammy, grandmothers Queenie, Fiona, Blake and Hailey.The former teacher and classmates sat below and looked at Luo Ji with relief.There were several reporters filming and interviewing around.
"I have spent four years in this school, and it holds so many memories. What I have achieved today is inseparable from the school's training in me. I would like to thank the teachers of this school, especially me. My music teacher, she taught me a lot of music theory knowledge. Without her training, I wouldn’t be where I am now. Thank you.”
After Luo Ji finished speaking, he nodded to the music teacher. The music teacher stood up and accepted the applause from those around him.He walked up to the stage and hugged Luo Ji, then picked up the microphone and spoke.
"Thank you very much for Logic's recognition. I have been coming to this school for decades and teaching music for decades. I feel very gratified to be able to cultivate a singer. I hope to continue working hard in the future and be able to cultivate more singers." Musical talent, thank you all!”
After the music teacher finished speaking, everyone continued to applaud silently.
Luo Ji saw many students whispering, so he smiled and picked up the microphone and said, "I have participated in various school meetings in the school auditorium before. I know very well that everyone hates these."
"Hahaha." The teachers and classmates in the audience laughed.
"Then I will go directly to the topic without taking up everyone's time. The school's musical instruments and recording equipment have not been updated for a long time. So I plan to donate 50 yuan to help the school replace its music equipment. In order to be able to help more A classmate who likes music.”
Clap clap clap.
The students and teachers around applauded, and the staff took out a large printed check that had been prepared in advance. Luo Ji, the music teacher, the school principal, and other prominent people in the school stood together and took photos with reporters while holding the check.
After taking a group photo, the music teacher walked up to Luo Ji and hugged him warmly. However, the hug lasted a bit long. Luo Ji felt like he had gone back to the past. After the music teacher hugged him, he also kissed him on the cheek. , said holding hands.
"Several teachers and classmates I contacted some time ago all clarified to the media that you are not a bully, you perform very well in school, and you are a good child. Did you see that?"
"I saw it. Thank you for your support." Luo Ji said sincerely.
"I know you're not that kind of person." The music teacher said.
Blake then walked up to Luo Ji and whispered a few words in his ear.When Luo Ji heard what he said, his expression changed and he quickly said goodbye to the music teacher.Pull him to a corner.
"Fxxk, these idiots." Said to Blake.
"They also mean well!"
Ever since Luo Ji became a singer, several of his former classmates wanted to work with him, but Luo Ji never paid attention to them.
Some time ago, the media began to uncover dirty information about his past. Several classmates who had been bullied in the past paid reporters to anonymously reveal Luo Ji's bad behavior in the past.
Although it is anonymous, it is not a secret at all within the school circle.Everyone knows who the whistleblower is.
His classmates who were good friends before this morning knew that he was going back to school, so they took the initiative to join forces and beat those people up. They couldn't see him, so they went to Blake to ask for credit.
"You're so kind, you're not helping me, you're simply harming me!" Luo Ji said through gritted teeth.
"What should we do now?"
Luo Ji said seriously: "Go tell them that everything they do has nothing to do with me. I don't want to see bullying happen at all. Tell them not to bother me in the future!"
"Isn't this not good? Some of them are the same people we used to play better with!" Blake said.
"Fxxk, Blake, have you been by my side these past few months in vain? Don't you know how bad the media is? One of the purposes of donating so much to the school today is to wash away the negative news that happened some time ago. If the media finds out that this matter is related to me, all my efforts will be in vain!" Luo Ji said sternly.
"I understand, I will tell them!" Blake said and left.
Luo Ji looked at the reporters present. They had a good relationship with Luo Ji, and today they were here to report on Luo Ji's behavior of giving back to his alma mater.Luo Ji talked with them and found that they had not noticed the bullying case that happened today.
"Thank you for coming today."
"Yes, Logic, you are very good! Your classmates and teachers speak highly of you. I will ask the editor to give this news a good page!" said a reporter from Viacom.
"Thank you. I'll take my leave now. I have other things to do today!"
Luo Ji continued socializing for more than 30 minutes, then said goodbye to the music teacher and the school principal.
Fiona drove a car with her mother Sammy, grandmother Queenie and Hayley.Blake drove Luo Ji in his car.Heading toward Broadway.
"They all accuse you of being very ruthless, and you don't even want to see them again after you become rich!" Blake said calmly.
"Be ruthless and be ruthless. You should know what their virtues are. They cause trouble all the time, have a chaotic private life, bully others everywhere, do nothing every day, and have no intention of making progress. I don't want to be implicated by them one day."
Blake whispered: "Weren't we like this before?"
As the vehicle drove away from the school, the dilapidated industrial area that gradually appeared became more and more desolate, with more and more homeless people. Luo Ji said calmly: "Although the two of us did well in school before, I didn't like that kind of life at all. I just didn’t like it. That’s not the life I want.”
Blake drove the car and looked out the window: "I hate that life too."
The car drove to the villa area near Broadway Street. Several people got out of the car. A middle-aged white man was already waiting at the door. He immediately greeted his grandmother Queenie when he saw her.
"Queenie, you look so beautiful today!"
"Haha, wasn't I beautiful when I came here last time?"
"Of course not! You were very beautiful last time." After the middle-aged white man finished speaking, he turned to greet Sami: "Sammy, you are also very beautiful today."
"Hahaha." After saying this, Sami pulled Luo Ji to him: "Here, let me introduce you to him. This is my child Felix."
Only then did the middle-aged white man notice Luo Ji: "So you are Logic's family. Hello Logic! I am the real estate agent in this villa area, and I like you very much..."
After he finished speaking, he was about to shake hands, but Luo Ji interrupted him directly: "I'm very busy today, just lead the way!"
The real estate agent put down his raised hand in embarrassment and silently walked to the front to lead the way.
Several people came to the villa area. Luo Ji observed that the security situation was very good. Most of the people walking around the villa area were white faces and East Asian faces, with only a few Latino and black faces.
Sammy looked at Luo Ji with a smile: "Feili, this area is a famous wealthy area on Broadway. It's only a 10-minute drive to the company and a 25-minute drive to Chucky's school. The surrounding living facilities are very convenient. , Queenie and I are very satisfied with the environment here.”
Several people arrived at the door of the villa and everyone walked inside. The real estate agent began to introduce: "The entire area is 460 square meters. The cabin in the front is the garage. The back is surrounded by a wooden fence, with a swimming pool and a small garden. The villa covers an area of 360 square meters. , divided into upper and lower floors..."
Luo Ji looked around and found that it was honestly not as good as Britney's manor.But he was still quite satisfied: "How much?" "Six million meters."
Sammy said: "That's the price you quoted last time."
Luo Ji stared at the real estate agent: "I'm very busy and don't have time to bargain with you. Now you give me the most sincere price. If it's right, I'll buy it."
The real estate agent was silent for a while: "$580 million."
"Let's go." Luo Ji said to Sammy, Queenie, Fiona and others.
Mother Sami was still a little hesitant, but seeing Luo Ji's firm steps she could only follow him out. Grandma Queenie and the others also followed.Luo Ji began to recite the numbers silently in his mind, five, four, three, two. Before Luo Ji could finish counting, the real estate agent stopped them.
"560 million yuan, this is the lowest price!"
Luo Ji didn't look back and continued to walk out. When Luo Ji reached the street, a middle-aged white man ran out and followed him. He said bitterly: "Fifty-four million dollars, this is the limit I can give." .”
"It's a deal, then help me go through the formalities!" Luo Ji stretched out his hand to shake his hand.
The real estate agent was stunned, then smiled and said, "Do you need a loan?"
"Of course, you can help me contact the mortgage company! I need the best interest rate." Luo Ji looked at his mother Sami and grandma Queenie: "I'll leave it to you two to take care of the rest. I'll go back to the company first. Something’s wrong!”
Fiona, who had been fishing all the way to the car, said, "Where did you learn your bargaining skills?"
"I don't know either," Luo Ji said with a smile.
Back at the company, Luo Ji first went to the fourth floor of the office building.
There are two companies here, one is an Internet company just established by Luo Ji. Hooli, a mutually beneficial Internet company.
In order to deal with a plagiarism case last time, Luo Ji found someone to develop copyright comparison software.The sales were very good, and later Universal was willing to buy 1800% of Future Records for $12 million.So Luo Ji separated the software from the record company and established an Internet company.Now Yang Jian, who made the software last time, is in charge.
"How is the sales of the software going? Who are the main customers?" Luo Ji asked.
"The software is selling well. The main customers are record companies, songwriting copyright companies, copyright agencies, performance rights organizations, radio stations, individual songwriters, etc. We have implemented a system with Netflix. The monthly rental system is 50 per month. Mi Dao, after binding the credit card, the payment will be automatically deducted next month.”
"Yeah, very good." Luo Ji said.
"In fact, the price can be set higher. These customers are not short of money. They don't care about spending dozens of dollars per month." Yang Jian said with a smile.
Luo Ji said: "Forget it, I'm from the music industry, and I don't want to make money with this software. As long as it can maintain the operation of the seven people in the company. Just continue to dig into this software and keep it updated."
"Ok."
Luo Ji thought for a moment and said, "Do you have any good ideas? You can bring them forward and we can continue to develop other software!"
Yang Jian said bluntly: "No, if I had a good idea, I would have started my own business!"
Hearing this, Luo Ji was not angry at all, but encouraged him a few words.A capable person has a temper, and as the boss, he still needs to be coaxed.
Luo Ji looked at his Internet company. He didn't have any good creative ideas at the time, so he left first.Luo Ji came to the newly established multicultural new media company next door.
This company was established by Luo Ji and Liu Shu, and he held 51% of the shares.The person in charge of this company is Xiao Wang, a Chinese who was transferred from Luo Ji's future record promotion department.
"How is the company?" Luo Ji walked in and asked.
"We studied the video playback volume on YouTube and found that the most popular ones are comedy videos and game videos. So we initially plan to focus on this direction!"
Luo Ji added: "Political news must also be promoted. We can't handle those big media groups, so we can start from segmented industries, such as finding a Latino host who specializes in collecting Latino-related news for comment and analysis. There are also Chinese, Japanese, etc. You must pay attention to the people sent by Liu Shu. They are media practitioners, and you cannot engage in internal strife with them!"
"I see!"
Luo Ji walked up to his ear and said: "Xiao Wang, you have to remember what I told you. Our goal is to have a certain influence in new media. Those platforms that will not make money for a while, For example, you have to pay attention to Twitter, 4chan, Reddit, Myspace, and Facebook. If I need to hype something on the Internet, you have to do it for me."
"I will!"
After Luo Ji finished explaining this, he returned to his office on the fourth floor.After a while, Greg Lippmann, the investment manager of Deutsche Bank CDS, came over.He is a 30-year-old white man and very handsome.
The two chatted for a while, and he held up a lot of models to explain the reasons why CDOs derived from real estate were about to collapse.Luo Ji gained a lot from listening to it. When he chatted with Xu Youyu last time, everything that was unclear was instantly understood.
“Next I’ll show you how to short the impending massive loan defaults and falling home prices.”
Greg Lippman first took out a curve chart and handed it to Luo Ji. There were four curves in different colors, red, blue, green, and black.It started out in 2000 as a straight line with only a few fluctuations until the beginning of this year, when the green and black curves declined.
"Look at these four curves, this is ABX. It was launched by several major home loan companies in the United States. Subprime home loan bond price composite index / subprime mortgage derivative bond composite index. It represents the value of CDO. That is, the value of home loans. value."
"You continue." Luo Ji said seriously.
Greg Lippman said: "Banks will classify loans into four grades based on the homeowner's information and personal income. If you look at the chart, red represents AAA and blue represents AA, which are the evaluations given by the three major rating agencies. That is to say, the lender's repayment ability is very good, and there is almost no default. Green and black represent BB, and BBB. They are also given by the three major rating agencies. They are so-called subprime loans. They have declined at the beginning of this year. One point. This index cannot be purchased in the futures market, so you can only use CDS for betting."
"So what's your suggestion?"
"I suggest you use CDS to buy the ABX index of BB and BBB, betting that it will fall in the next year! After one year, investment banks or insurance institutions will pay a certain amount of funds based on the proportion of the decline. But if you can't wait a year , then after you purchase, we also have a special on-site trading software, and the value of the CDS will increase freely according to the ABX index. You can sell your CDS to other investment institutions at any time."
Luo Ji thought for a moment: "What about the odds?"
"AAA's odds are the highest, with almost no fluctuations for decades. So for every 5% drop, there are 5 times the revenue. BBB's odds are the lowest, with only 5 times the revenue for every 0.5% drop. The other two are 3 times and 1x. Which one do you want to buy?”
"Just buy an average of all four."
Greg Lippman did not refute Luo Ji's words, but asked, "How much do you want to buy?"
Luo Ji's eyes were shining, like those of a wolf, and he said greedily: "1000 million!"
I've been looking for this information for a long time, so the update is a bit late, sorry.
(End of this chapter)
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