Chapter 73
Chapter 73
Unlike entrepreneurs who are usually well known, financiers are not well known.
Although we know who the CEOs of Suseong Electronics and Eunsung Motors are, most of the CEOs of Hanshin Bank and KYB Securities do not.
The same is true for foreign companies.
I know the CEOs of NPL and Facenote, but I don’t know who the CEOs of Citibank and JP Morgan are. Few people probably know the name of Golden Gate’s CEO.
But I am familiar with the name James C. Goldman. Not because he is the CEO of the business, but because he is a famous investor that appears in business textbooks.
He was the leader of Golden Gate even before I was born.
He is a tycoon who controls not only the US but also the global financial world, and he can move hundreds of billions of dollars with a single word.
Contrary to my surprise, Taek-gyu still had an expression that he did not know who he was.
I spoke in Korean.
“I am the CEO of Golden Gate.”
As I said, Korean or English, that’s it.
“Ugh! So, my sister’s boss?”
“It’s like that.”
Golden Gate CEO is known to live in a mansion near Manhattan. But how did you get here?
Maybe we didn’t fly across the American continent because of us?
Or, you came to see your grandchildren, and you ran into us by chance?
“········”
Could it be?
Considering that Henry was a guide, it would be good to see that he intended to meet us from the beginning.
“We’re here for dinner, so let’s sit down and talk.”
James took off his coat and sat down. Once we were seated together.
I’m going to have dinner with James C. Goldman!
I can’t believe it because it’s so unrealistic. Maybe if I tell other people, no one will believe me, right?
I am both surprised and moved by sudden events.
Taek-gyu looked at my expression and asked in a low voice.
“Is this such a big deal?”
“Are you talking?”
In some ways, it’s even better than a meal with Warren Boat.
Warren Boat even puts his lunches at a charity auction every year. James C. Goldman never appeared in public, and had only written media interviews.
Not even a single picture is posted on the internet. It’s not called the hermit investor for nothing.
Such an existence is in front of us now!
Well, Taek-gyu doesn’t really interest me anyway.
“It is an honor to meet the CEO of Golden Gate in person. But how are you here…?”
“He heard that he had come to the United States and wanted to meet him, so he came running for a month.”
I was shocked to say that.
You mean you really flew from New York to California to see us?
The steak I ordered just came out.
“It’s a nice day, how about a glass of wine?”
“good.”
Henry ordered wine from the waiter. We filled our glasses and toasted.
“From the L6 crisis to venture capital and this Brexit. The more I look at the behavior of OTK Company, the more surprising it is.”
I said humbly.
“It’s nothing compared to the achievements of a hermit investor.”
At my words, James smiled.
“Do you know why I don’t show up in public and avoid the press?”
No one knows exactly why. just guessing.
Because I have social phobia, because I have a physical disability, because my body hurts, because I look too ugly, etc.
But when I met him in person, he even made corrections to a nice old gentleman. His personality also seems cheerful.
James said in a low voice.
“This is a secret that only close people know…”
We naturally lowered ourselves and looked around.
What’s the secret? “Actually, I am not good at investing. I have no eye for the market, and I have no sense of investment.”
“······Yes?”
What do you mean?
At first I thought it was a joke. To say that Golden Gate CEO can’t invest is as absurd as a swimmer can’t get into the water.
The legendary success stories I know would be the equivalent of a few books.
“More than anything else, I still don’t understand what ABS, CDO, and MBS are. When I was young, the principles of financial products were very simple, but at some point they started operating in unknown terms and in unknown ways.”
“·················ogue.”
Wasn’t Golden Gate the one who made it?
Needless to say, there is a history of contributing to the US financial crisis by issuing MBS (mortgage mortgage-backed bonds) secured by mortgages and CDOs (debt collateralized securities) using MBS as collateral.
“I don’t know what to say in front of the public or the media. So I hid as much as possible, and sooner or later they started calling me a hermit investor.”
I asked confused.
“Did you predict the Plaza Agreement and bet on the yen?”
“It was the judgment of Nakamoto, who was the Japanese branch manager at the time.”
“Did you buy real estate in Asia at a low price after the Asian financial crisis?”
“It was the idea of Chase, the head of Asia.”
“Selling bonds right before the Ukraine conflict…?”
“It was Dmitry’s role.”
James said as he drank wine.
“One thing I am confident about is the eyes of people. When you meet and talk, you can decide to some extent whether or not you are someone you can trust.
In a nutshell, are you saying that mercenary skills are excellent?
The reason Golden Gate can exert a strong influence not only in the United States but also in the world is because the branch managers in each region that move independently have done their part.
And it was James, the CEO, who appointed them.
In fact, when it comes to Quantum Fund’s attack on the British foreign exchange market, it was Stanley Druckenmiller who came up with the actual plan.
But the public only remembers George Soros’s name.
James turned his gaze to Taek-gyu.
“In that respect, I think Mr. Oh is an outstanding investor as much as Mr. Kang.”
Taek-gyu, who was pushing the steak into his mouth, blinked in surprise.
“I, me?”
“Didn’t Mr. Oh not recognize Mr. Kang’s talent for the first time?”
I nodded.
“Yes.”
If Taek-gyu hadn’t reached out to me first, he would take away his stake and he wouldn’t have come to this position if he hadn’t yielded the CEO position to me.
“Having lived up to this age, there is nothing more certain than an investment in people.”
I have heard similar words many times.
Whoever said it is more important than what the words contain. As the words came out of the mouth of the CEO who has been leading Golden Gate for decades, the weight was different.
Investing in people…
Am I doing well now?
“It was Chase. If you meet these two, you will get good friends, not good customers. I hope to continue our relationship in the future.”
“of course.”
After dinner time, we went out.
A Rolls-Royce Phantom was waiting in front of the restaurant. We shook hands in front of the car.
“It was an enjoyable meal. If you need any help while you are here, feel free to tell Henry.”
“Okay.”
“Go carefully.”
James got into the car.
He actually meets legendary investors he’s only seen in books. Somehow it doesn’t feel right.
Doesn’t that mean we’ll meet Warren Boat later?
* * *
I spread the materials I received from Hyunjoo noona in the hotel room on the table.
“All we need is a car that can be loaded with the software Karos made.”
Karos is developing an operating system that can control everything from start-up, battery, and autonomous driving. In order to use this operating system properly, an electric car that runs everything on electricity is perfect.
Taek-gyu crossed his arms and asked.
“Are you going to take over an electric car company?”
“They are too expensive.”
Electric car makers that are already recognized in the market are so expensive that we cannot buy with the money we have. If we go out to buy it, it will be even more expensive.
“Even though the electric vehicle market has grown explosively, the annual sales volume is still less than 1 million units. Considering the current battery production, it is difficult to increase significantly right now.”
Even though electric vehicles are the next generation of cars, internal combustion engines are bound to become the mainstream for the time being.
“Autonomous driving technology can now be used for internal combustion locomotives as well. That said, you don’t have to stick to electric cars. Of course, in the long run, you will need that skill as well.” “Are you going to take over an existing automaker?”
“right. Just by installing fully autonomous driving, we will be able to compete sufficiently in the market.”
“Are you going to launch it in the Korean market right away?”
I shook my head at that question.
“That would be a little difficult.”
“why?”
“The law has not been enacted yet.”
Detailed laws, such as the Road Traffic Act, vary slightly from country to country. For this reason, there are cases in which cars that run on roads in other countries are not able to drive in Korea.
“At present, autonomous driving is illegal in Korea.”
“Then when will it become legal?”
“If Eunseong Cha makes it.”
No joke.
In the past, parking with HUDs and remote controls and laser headlights were also illegal. Global automakers that developed the technology first had to export the technology after preventing it from being used.
However, as Eunsung Motors developed the technology, related laws quickly emerged.
“It is a kind of non-tariff trade barrier.”
As the automobile industry plays a major role in export and job creation, the government is stepping in and providing thorough protection. In addition to this, Eun Seong-cha must also be lobbying the political arena.
In this way, it is possible to spit out the flame of a 70% domestic market share.
“We’ll think about that later.”
I don’t know which company to buy.
Currently, the only automakers that have been put up for sale are those that have already gone bankrupt, are going bankrupt, or have low technology.
Well, if it was a company with a bright future, it wouldn’t have been put up for sale in the first place.
“Can’t you remember Yeji?”
“Huh.”
In this case, I think it would be good to have an information window floating in front of me. Then it would be convenient.
No, would you rather be uncomfortable?
A normal life would be impossible if all kinds of unnecessary information kept popping up every now and then. It might be better to just come to mind for a moment like now.
Anyway, it’s frustrating that I can’t remember when I really need it.
Ding Dong!(Read more @ wuxiax.com)
After thinking for a while, the bell rang. When I opened the door, Henry was standing there. He held out the envelope.
“My grandfather told me to give it to you.”
James C. Goldman?
“Thank you.”
When Henry left after finishing his duties, I took the letter out of the envelope and opened it. There was a short sentence written on it.
[I heard that you are interested in the automobile industry.Then it would be good to focus on the US presidential election.
-From your friend-]
“Come to think of it······.”
It’s US presidential election season.
Like Brexit, there are many big events around the world this year.
Taek-gyu asked with a look that he didn’t understand.
“What does this have to do with us?”
“You just told me. The automobile industry is closely related to the government.”
If you are targeting the US market, you have no choice but to pay attention to the policies of the next government.
“Give me the remote control.”
“here.”
I turned on the TV. And I switched the channel to CNN.
At the same time, analysis of candidates from both Democrats and Republicans came out.
The current Democratic nominee is Diane and the Republican nominee is Ronald. There are several other candidates out there, but you don’t even need to worry about the rest.
Suddenly, James’ words came to mind.
Did I say there is nothing more certain than an investment in people?
I thought soberly.
What hand do I currently hold, and how can I use it well?
“I would like to meet you in person.”
Taek-gyu asked.
“Huh? who?”
I pointed to the TV.
“Those people.”
“Can I meet you there?” good point
The two stand at the apex of the Democratic and Republican parties, which divide American politics. One of them must become president of the United States in a few months.
Besides, I’m very busy right now because of the campaign. You will probably make a schedule by the minute, meet people, and walk around.
No matter how wealthy I am, I’m not comparable to the traditionally rich Americans. I’m not going to meet you just because I’m looking for you.
Any good way?
Golden Gate has had a strong impact on American politics as well as its historic history. To the extent that it appears without falling into various conspiracy theories.
Could James be able to connect us?
