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Chapter 1246 The first day of 1994(1/2)

Buffett looked at Fang Chen with surprise on his face. He really couldn't figure out why Fang Chen was unwilling to let Qingtian go public.

Seeing Buffett's expression, Fang Chen pondered for a moment, then said with a smile: "Maybe I am too conceited. I think the business strategy I chose is definitely the optimal solution for Qingtian and the best development direction for Qingtian."

, so I don’t want to give my equity to others, after all, it will constrain me. Furthermore, why should they give me some money and then share Qingtian’s profits?”

"Or, Warren, do you think if you give me a hundred dollars today, I will give you two hundred dollars next year? Isn't this kind of business a bit too profitable?"

After saying this, Fang Chen raised his chin towards Buffett.

Buffett scratched his forehead. What Fang Chen said was indeed something he had not expected.

Investing 100 yuan, doing nothing, and just sitting at home will get 200 yuan next year. Such a 100% return rate is obviously inappropriate. It is a huge profit for anyone.

huge profits in.

It seems normal that Fang Chen would not want to share such huge profits with others.

And you must know that even if the profit rate is 100%, for Qingtian, it is the worst performance in recent years. Looking at the past few years, Qingtian's annual growth rate is not five or six times, but ten or eight times.

, somersaulting upward.

It's just that Fang Chen is unwilling to let Qingtian go public, which really challenges his understanding of the world and the development of enterprises.

To blame?

He thought about it, and maybe he could only blame Qingtian for making money too fast.

Kuai has no longer adapted to the universal rules of this world.

"But where did you get so much money to support Qingtian's development?"

After a thought, Buffett asked.

In this world, there are also fast-growing companies like Qingtian, such as Microsoft, but they are not as exaggerated as Qingtian.

Microsoft's revenue growth this year is also as high as 70%, but this is due to Microsoft's accumulation and release of a new operating system. In the past few years, Microsoft's revenue growth was only about 20%. Although it is good, compared with Qingtian,

That's really inferior.

Since the company can develop at such a speed, it seems normal that the founder is unwilling to divide the company's shares to others.

But why are there almost no such companies in the world?

Anyway, he didn't find any company like Qingtian that could become one of the world's top 500 companies without going public and without other shareholders.

The reason is also very simple.

The development of an enterprise requires money, and the profits obtained by the enterprise itself are often unable to support the development of the enterprise.

At this time, the founders of the company have to look for other investments for the development of the company.

In other words, this is actually a forced and forced approach.

But since everyone will encounter this kind of situation, it has become the way this world should be, just like the existence of air and water, it is extremely natural.

But how did Qingtian solve this problem?

He is very curious.

"Warren, Fang is a pervert. He makes extra money, and the extra money he makes is sometimes more than what his company makes."

Bill Gates covered his head again and couldn't help but interject.

Extra money?

Make more money than the company?

Buffett was confused again.

Fang Chen glanced at Bill Gates helplessly. He felt that Bill Gates was about to expose all his old background.

"This is probably what makes me different from others..."

Fang Chen told Buffett that in order to develop Little Overlord, he went north to Russia to work as a traitor, and then went to Malaysia to buy a piece of land, which happened to be an oil field. He made a lot of money, and blocked the British pound, earning more than one billion US dollars.

Probably said that.

Buffett was immediately shocked. These were things that were not disclosed in the media and newspapers.

In other words, if Fang Chen hadn't said it himself, even if the media and newspapers had written it, he wouldn't have believed it.

"Now I finally understand why Qingtian has grown to such a large scale without too much debt."

Buffett looked at Fang Chen with a strange expression.

It's not that he hasn't seen the market before, but he feels that a monster like Fang Chen should be viewed with this expression.

He thought about it carefully just now. Basically every year, except this year, Fang Chen actually made more extra money than Qingtian originally earned. Even the three companies in Russia did it because they accidentally made too much.

, this has to be established.

After all, Fang Chen’s original intention was to go to Russia and make a fortune.

And he finally knew why Soros went against Fang Chen.

To block the pound, Soros took the lead and made great efforts. The world attributed the cause of the pound's plunge to Soros, thinking that it was Soros who caused the pound's plunge.

But what about actually?

Soros' foundation only received a total of 2 billion US dollars, and Soros's own income was only more than 600 million US dollars.

But Fang Chen, a guy who has been hiding behind Soros and quietly making a fortune, has earned more than 1.3 billion U.S. dollars, twice as much as Soros.

He resisted, but the money he earned was only half that of Fang Chen. With Soros's temperament, it was simply impossible not to hate Fang Chen.

However, there are still things that Buffett doesn't know. Fang Chen did not tell how he cheated Soros and asked Soros to back him up and let him escape first.

This is the key reason why Soros hates Fang Chen deeply and gnashes his teeth.

"So now, Qingtian doesn't need funds?"

Buffett asked unwillingly.

After Fang Chen said this, he became more interested in Qingtian and wanted to invest in Qingtian.

"I need it now, but I would rather borrow money from the bank. I believe it shouldn't be difficult to borrow a large sum of money from the bank with Qingtian's size. And paying interest to the bank is much less than paying dividends to shareholders, isn't it?

?" Fang Chen said with a smile.

Buffett nodded, that was indeed the truth.

A company like Qingtian that is developing well, has a lot of assets, and does not have too many liabilities is like mellow cheese in the eyes of any bank.

Once Qingtian releases the news, if you want to borrow money, a large number of banks will definitely flock to Qingtian and give Qingtian a very preferential loan interest rate of 10%.

Such an interest rate is nothing compared to Qingtian's 100% revenue growth in a year.

But in the next moment, Buffett still strengthened himself and believed that the biggest goal of the company was to seek listing.

Because for most companies, especially high-quality companies, borrowing money from banks is usually the first step for company founders to take the road to listing.

After all, it is very likely that the money borrowed from the bank will not be able to support the rapid development of the company.

At this time, the company can only find investors and then seek to go public step by step.

Unless Fang Chen can always earn enough extra money for Qingtian to develop.

But since Fang Chen started looking for a bank loan, it means that Fang Chen probably can't make extra money, at least not enough to make Qingtian develop.

Then, Fang Chen's search for investors and then seeking to go public will become a reality step by step.

At this time, his opportunity came.

After listening to Fang Chen say these words, he has already developed a strong interest in Qingtian, and even wants to invest in Qingtian impatiently.

"However, Warren, although I do not accept your investment in Qingtian, Qingtian has now established a venture capital company. If you are willing, you can join the investment. By then, I believe there will be good returns." Fang

Chen said, with an inexplicable light shining in his eyes.

Well, yes, he wants to lure Buffett into the water and invest in Netscape and Yahoo with him.

After all, the three words "Warren Buffett" are real gold-lettered signs.

In previous lives, if news of Buffett's purchase of a company's stock spread, it would inevitably rise sharply.

For companies such as Netscape and Yahoo, if they have Buffett's investment and endorsement, their development speed will be accelerated to a new level.

After asking clearly, Fang Chen wanted to invest in computer companies such as the Internet, and Buffett suddenly showed no interest at all.

"Fang, let's talk about it then. I'm only interested in investing in Qingtian right now."

Buffett shook his head and said dullly.

He was not familiar with the Internet and was not willing to invest in Internet companies. Even Microsoft was only willing to use his own money to buy 100 shares. How could he invest with Fang Chen.

Furthermore, he believes in value investing, looking for value depressions among a group of companies, then holding them silently, and then selling them after the companies reach their peak.

Such companies must be mature companies, even listed companies.

As for venture capital, he has never touched it.

In his opinion, venture capital is no different from gambling. If you lose, you will get nothing. If you win, you will earn dozens or hundreds of times.

After being rejected by Buffett, Fang Chen smiled and said nothing more. After all, this was what he expected.
To be continued...
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