"Are you...Carter?! How did you end up like this?!"

Carter, who was dressed in tatters, did not encounter the so-called contemptuous security guards when he entered the building where Fidelity Investments was located. Only the frequent glances from the people around him, and Peter Lynch's exclamation at this time, made Carter

My cheeks feel a little hot.

Of course, the internal reason for blushing is not all the looks from irrelevant people. In fact, as for communicating with Fidelity Investment and asking HT Company to spend money to buy an airplane for itself...

For Carter, who was just starting out at this time, it was really a bit embarrassing.

This is like buying a car, not only did you pay for it yourself, but you also asked a large circle of friends around you to buy it for you. Note that you let people pay for it, rather than borrowing the money from relatives and friends.

There is no need to pay it back!

Think about it, how can ordinary people be so thick-skinned to say this?!

"Alas... I was robbed on the road..."

The sadness on Carter's face was extremely sincere. In order to perfectly perform in this tragic drama, Carter specially pocketed 20 dollars in the morning and walked around the streets of Boston. As expected, he had an accident...

Not to mention, Boston robbers are very well-educated and polite. When Carter obediently took out the money, he didn't even show his gun. After getting the money, he said thank you, then turned around and left.

It’s completely different from what Carter experienced in Cincinnati or what he saw in the reports about robbers in New York!

"Been robbed?! Do you have your ID or anything else? Is there anything else... I'll contact the police station. Where did you encounter this?"

"No, no, no. It's not much, just 20 dollars, forget it..."

Holding down Peter Lynch's hand that was about to touch the phone, Carter took advantage of his emotions and quickly talked about the reason why he wanted to buy a plane:

"This is not like Cincinnati. I was robbed of more than three thousand dollars and almost got shot. It's not worth the trouble for 20 yuan. It's useless if I get caught."

"You still have... bodyguards in Cincinnati? Didn't you bring a bodyguard with you when you went to a strange place like this?"

"They brought it, but they didn't have a gun. Someone put a gun to their head. What can they do?"

Carter helplessly spread his hands and sat down opposite Peter Lynch:

"On the one hand, there is airport security, and on the other hand, the blue city... So I don't bring a gun. If I want to carry a gun, I have to drive, which is too inconvenient. Sometimes when I need to go out for urgent errands, it's definitely faster to fly!"

"

The topic gradually moved closer to the plane. Carter, who was just quietly observing Peter Lynch's reaction, found with embarrassment that the other person didn't seem to realize his subtext at all. He just nodded in agreement:

"Indeed, for urgent matters, flying is faster. By the way, do you have anything to do when you come to Boston this time?"

"Well...it's nothing serious. I just stopped by to see you. From Ohio, follow the shores of Lake Yinli, come directly here, and then go back to Yale...This is a gift for you. It belongs to Mr. Smith..."

Peter Lynch:...

Weren't you robbed? Where did this gift come from?

Also, when going back to Connecticut from Ohio, do you need to take a detour through Massachusetts?!

After a brief period of astonishment, Peter Lynch seemed to understand something, and he tapped his forehead in enlightenment:

"You came just in time. Did you receive the email I sent you before? About the Magellan Fund's mid-year earnings. The entire market performed poorly last year, and the impact of the Federal Reserve's tightening of monetary policy began to ferment. Compared with 1979,

51.73%, and there is still 69.45% in 1980. Although this year has not yet passed, it is only about 17% currently, and there is probably no hope of improvement."

Taking a stack of documents at hand, Lynch handed it to Carter:

"So far this year, the S&P 500 has fallen by 4.92%, and the Russell 2000 has only increased by about 2%. Strictly speaking, the performance of the Magellan Fund is not bad. It can be regarded as outperforming the large and small caps, and it also has good excess returns. Just in the data

It's not as impressive as the past two years..."

"This is not your problem, Mr. Lynch. It is not easy to achieve such results when the overall market is sluggish. To be honest, my bank suffered losses for the whole year last year, all because of my investment.

Other industries in China are being supported by blood transfusions. If it hadn’t been done through ht, I’m afraid it would have collapsed long ago.”

Carter doesn't care about the low return of Magellan Fund last year. Although he doesn't know much about finance, he can see trends as long as he's not blind...

Looking at the stock market, when the Magellan Fund's return rate reached 69.45% in 1980, the S&P 500 rose by 32.5%, and the Russell 2000 rose by 38.6%. Such exaggerated fund returns, which increased by nearly 70% in one year, are certainly not normalized.

of.

"Yes, this cycle has arrived... I can only find a way to survive this period of pain... By the way, Magellan Fund is almost ready to open. In order to create a scale effect, I still have no dividends this year. You

They shouldn’t be in a hurry to use money, right?”

Peter Lynch looked at Carter seriously:

"Sorry, I may be a bit selfish in this regard. It's just that the net value per unit share is relatively high, coupled with a fairly good rate of return, Magellan will be more competitive in the market. This year... this year is a bit...

It did not meet my expectations. My original ideal was a return rate of more than 20%. If it is stable for several consecutive years, it can be opened to the public. As a result, this year, the last year, we encountered a big bear market..."

"As for money...it's okay. There's only one place I need to spend money on recently."

Carter suddenly grinned.

This was a bit of a coincidence: I took a detour to Marseilles, and was actually treated as Peter Lynch coming to interrogate him, asking him why he didn't pay dividends last year and not this year. But his purpose...

"I plan to buy a plane! Nowadays, studying at Yale is not as convenient as it was in Georgia. I often need to travel around, and New Haven is a small city with only a small airport with three routes. It is too inconvenient.

And after what happened in Cincinnati, even for the sake of safety and the convenience of carrying weapons, I am afraid I have to buy this plane."

"That's true...it would be more convenient to have a plane. What? Don't you have enough money?"

Seeing Carter's embarrassment, Peter Lynch suddenly thought of a possibility:

"Are you planning to buy a jet?"

"Yes, I had this idea after meeting Paulson from Gulfstream two years ago. But I didn't have much money at that time... Actually, I don't have much now, but it's not forced by the situation. Why don't I buy it?! What if it really happens?

Was he shot dead?!"

"Oh my god, why don't you buy a propeller? It costs up to 50,000 US dollars. It can still fly. In terms of speed... it's definitely not as fast as a jet, but it's much faster than a car..."

Thinking of the possibility of redeeming fund shares, Peter Lynch's handsome face instantly fell:

Seeing that the fund is about to be listed, the largest individual investors are withdrawing their capital and redeeming it... combined with this year's unsatisfactory rate of return on paper...

What the hell!
Chapter completed!