Chapter 1215 I am Buffett level

The current global technology stocks are at the bottom of the valley. Even technology giants such as Google and Apple have a market value of only more than 100 billion US dollars.

Entering the market at this time to do private equity investment in the technology field is more profitable than robbing banks.

It will be easy to double ten times in the next ten years, with an average annual increase of 100%.

Even if the scale of funds raised by Zhou Buqi is 5 billion US dollars, a 100% increase in a single year is 5 billion US dollars in revenue, and 20% of the profit dividend is drawn... That is 1 billion US dollars.

This is amazing!

Playing finance is indeed much more enjoyable than running a business.

The next morning, Zhou Buqi found his father with a limp, expressing that he was going to New York for a big event. Once this matter is done, there will be no shortage of liquidity in the future.

"Go to New York?" Dad opened his eyes wide. "What about the club? Don't buy it?"

Zhou Buqi said loudly: "Buy it!"

"buy what?"

"Manchester United!"

"Huh?" Dad looked him up and down with a strange expression, "What's wrong with you? Your back hurts?"

Zhou Buqi looked embarrassed, fell in the bathtub last night and twisted his waist, "It's a little bit, it's okay."

Dad taught me a lesson: "How old are you, and your back hurts? Don't you know how to control yourself?"

Zhou Buqi almost died of anger, "Where are you thinking? I just accidentally twisted it."

"Twisted?" Dad looked suspicious.

Zhou Buqi coughed lightly, and explained: "It's really sprained, it's an external injury, not an internal injury. I've always been very restrained in this regard. Okay, let's not talk about this. I'll buy Manchester United when I'm sure. Since I can't buy the most If you like Arsenal, then buy the best team!"

"It costs a lot."

"Small idea!"

Zhou Buqi waved his hand generously.

Buying a football club is definitely a loss-making business. Unless you are a vampire, you have to continuously invest in blood transfusions for the club.

For a veteran giant like Manchester United, many infrastructures are old and need to be updated, such as youth training bases, training bases, such as locker rooms and Old Trafford.

Every year, they continue to spend money to buy players.

The team should not be regarded as an investment, but as "to be happy in life" is to spend money to buy happiness.

During breakfast, several girls also came over.

Yang Mi rubbed her waist, and Jiang Bingjie rubbed her waist too.

Dad took a look and then heaved a sigh of relief.

From the looks of it, it was really traumatic. It is said that there are only bad plows and no worse fields. These two girls are clutching their waists at such a young age, it must be really twisted.

Nine times out of ten, he played some difficult moves and was frustrated.

well!

It's nice to be young!

Zhou Buqi made a phone call to the country - Zhu Jun, the boss of Ninetowns.

"President Zhou?"

"Old Zhu, I'm in London."

"Huh? Did you buy a football team?"

"right."

"Really buy Arsenal?" Zhu Jun's voice revealed a kind of disbelief.

Zhou Buqi sighed, "Arsenal can't do it, it's too complicated. Others have already attacked first."

Zhu Jun smiled, "Well, it's too difficult to acquire a world-class giant like Arsenal, so there's no need to be too greedy. If you want me to say, any Tottenham, West Ham United, Fulham, etc. are fine."

This buddy is also a fanatical football lover, and he speaks football well. It was once rumored that he would join Liverpool, but his net worth is not enough.

Zhou Buqi said: "My side has already decided to buy Manchester United."

"What?" Zhu Jun was stunned for a moment, thinking he heard it wrong, "Manchester City?"

Zhou Buqi laughed and said, "What kind of team is Manchester City? I want to buy Manchester United!"

"Red Devils Manchester United?"

"right."

"hiss!"

Zhu Jun gasped, already stunned.

Zhou Buqi said: "I have already made a decision here to buy Manchester United. I plan to invite Goldman Sachs, Morgan, Morgan Sleydan, HSBC and Barclays to organize an acquisition investment advisory group and jointly launch an investment proposal for Manchester United. Onslaught. Are you free, come and participate?"

He was going to New York to contact private equity funds.

The acquisition of Manchester United is another super big case, and it is much more difficult to operate than financing Marvel and Netflix. It is a bit unrealistic for my father to lead the whole process, and it is more reliable to ask Boss Zhu to help.

With his love for football, he would definitely say yes.

Sure enough, I heard Zhu Jun's affirmation next, "No problem, when will we go?"

"immediately."

"Okay, I'll let the secretary book the plane ticket!"

...

The current financial situation is that the United States hopes that the local tyrants in the Middle East will take money to invest, and the local tyrants in the Middle East also hope to use money to invest in the United States. Once the quantitative easing policy is introduced, the world will inevitably release water, and the currency on the books will depreciate, and the money must be spent quickly.

The obstacle is that the local tyrants in the Middle East don't know much about this industry, especially in the high-tech field. Let them go to the field to invest in person. No one dares to play like this. They can only invest money in the management of knowledgeable people, such as Masayoshi Son of Softbank.

But relying on only one Softbank, they can't afford so much money from the local tyrants in the Middle East.

Wall Street's reputation is tainted again.

Zhou Buqi's appearance at this time coincided with his meeting.

The United States attaches great importance to the high-tech field, and the most dazzling US stocks are the technology stocks of Nasdaq. No way, the traditional real economy lacks imagination, and even if a bubble occurs, it is very limited. If you want to absorb funds, you still have to create a bubble, and you have to rely on technology stocks.

He happens to be one of the leading figures in the technology industry, and he is famous.

The "Wall Street Journal", "New York Post" and other media have begun to introduce this talented entrepreneur and financier from Asia at length.

In order to show support, American pension funds, medical insurance funds, and public facilities funds all participated, saying that they would each contribute 500 million US dollars to Zhou Buqi, as a demonstration...

This has not yet begun, and there are 1.5 billion US dollars of funds booked.

For three days in a row, I kept seeing all kinds of people.

Wall Street investment banks, congressmen, economists, and middlemen in various fund operations... There are also many people who come to find jobs and cooperation.

Of course, it also includes princes from the Middle East.

After a few days of dating, Zhou Buqi has basically counted.

Chen Ran has really resigned from PwC and became Zhou Buqi's full-time financial assistant. "We can determine the basic fund framework, such as management fees, custody fees, whether there is a guaranteed minimum return, and whether there is an excess return. Dividend."

"Management fee..." Zhou Buqi shook his head, "In the past few days, many people have come up to look for jobs, and they want to come to us as investment experts!"

"It's still necessary."

"No need!"

"Um?"

"At least for the time being, it's not necessary! I'm enough!"

Zhou Buqi snorted, saying that he didn't need the investment experts outside to come in and give pointers. He knew exactly how to invest in his own private equity.

There is no need for brainy subordinates, the more brainy the more accidents are likely to happen, it is enough to recruit a group of screws who can do things well.

Among the main charges of private equity funds, the subscription fee and redemption fee are settled at one time, and there are two long-term fees, namely management fee and custody fee.

Management fee refers to the fee paid to the fund manager. Managers mainly do investment management, such as investing in Google, investing in Apple, or investing in real estate and bonds.

This is the most difficult, most complicated and risky job. The more private placement, the higher the cost. Usually there is a 2% annual management fee.

However, Zhou Buqi is different.

This hardest and most frightening job was the easiest for him, and he didn't need an assistant at all. He has already thought about what stocks to buy and what projects to invest in, and he doesn't need any other experts to give advice.

The custody fee is for the bank and for the trader. Generally, the fund manager orders what stocks to buy, and then the bank operates on their behalf.

Because the custodian has the obligation of supervision.

Private placements do not have to disclose their investment strategies to the public and can keep them secret. However, in order to protect the rights and interests of investors, a custodian is needed to supervise in real time, so as to prevent the black box operation of private equity from being too deceptive. The manager cannot operate by himself, and must entrust the execution process to the custodian.

That is to say, if Zhou Buqi wants to do private equity, it will be very simple. He will order himself, select the stocks to invest in, and then ask the management team to refine the investment projects, and according to the fluctuation of the stock price, he will continue to issue orders to the custodian. Buy orders, buy 10,000 lots of Apple shares, buy 100 shares of Nvidia shares, etc. This process is very simple and does not require too high-level talents, Chen Ran is enough to handle it. She did a good job with the Netflix case.

The custodian has already selected Goldman Sachs.

These are all internal.

Externally, the most important thing for private equity funds is to be able to find ways to attract enough funds. To achieve this, in addition to the ability and influence of the manager, there is also one of the most important terms, whether there is a guaranteed bottom line.

For example, it promises to the outside world that there is an 8% annual income guarantee every year. If the annual return is less than 8%, the fund will not receive profit dividends.

That's an attractive clause.

With the guarantee of the bottom line, investors can rest assured.

Zhou Buqi nodded, "There must be guaranteed income."

"How much?" Chen Ran paused, "Industry management is generally 8%."

An annualized rate of return of 8% is not bad, so the platter investment business of Hollywood movies will be so hot in the past few years. Because the annualized rate of return of platter investment can reach 12%-15%.

Zhou Buqi was obviously dissatisfied with this number, "By the way, the prince we met this morning is from the UAE?"

"Yes, Abu Dhabi Sovereign Fund."

"I remember he said that this fund has been in operation for more than 20 years?"

"Um."

"How much is the annualized income?"

"6%-9%."

"Too little!"

Zhou Buqi shook his head, thinking that the appetites of these local tyrants in the Middle East are really bad. What's the point of thinking about such a small rate of return every day?

Chen Randao: "It's already quite a lot. This is the average value of nearly 30 years. Counting the compound interest, the income is astonishing!"

Zhou Buqi glanced at her, "How much is Buffett?"

"Well……"

Chen Ran was a little speechless.

Is that comparable?

Buffett is a rare investment god!

In the past 35 years of investment career, his average annual return is as high as 25%.

Investment giants like Soros and Peter Lynch can also have an annualized return of 25%-30%, which seems to be more than Buffett. But Buffett has a long time and is enduring. Those two guys are both retired, and the investment time is only ten years.

Zhou Buqi pointed to himself, "I am at Buffett's level."