Author: Khurav

The emergence of the circuit breaker mechanism is not difficult to understand!

Take this stock market crash as an example. Program trading is not the main cause, but it definitely leads to the decline, or in other words, the de-bubble is going on, and it suddenly becomes a major driver of the bubble bursting!

And after getting used to using a more convenient machine like a computer for trading, it is unlikely that we will not use this thing in the future. Well, this time the computer system in the New York Stock Exchange was almost crashed by a trick, which became a bloody lesson.

It is necessary to set up a circuit breaker mechanism. When the stock price drops to a certain level, the market will be closed briefly to give the market time to calm down and give the computer some time to process orders!

Even after this incident, many institutions including the New York Stock Exchange, including Nasdaq and the American Stock Exchange, increased the number of computer purchases. But everyone understands that equipment that is sufficient today may not be sufficient in the future.

, adding such a clause to the mechanism, then if similar things happen in the future, suspending transactions in time will not cause greater panic.

Although the addition of the circuit breaker mechanism has locked up the possibility of Carter doing this again, objectively speaking, even without the addition of the circuit breaker mechanism, this opportunity would almost never happen again!

Because of liquidity issues!

With the upgrading of the Basel Accord, the supervision of bank funds has become increasingly tighter. After 1987, under the influence of Carter, the most recent good opportunity is also the bursting of the Japanese bubble.

Even if you want to step in to make money, it will inevitably involve international capital flows. It can be said that you have hit the regulatory scope of the Basel Agreement. It will be almost impossible for you to use the funds in the savings bank.

However, Carter is quite satisfied with how things have developed!

In the days that followed, with Lee Jae-yong in tow, Carter began to slowly take over, or arrange for manpower to take over his own interests in several newly invested companies.

Among the newly entered companies, there are a few that Carter pays more attention to: Intel and AMD, needless to say, the two big brothers in the semiconductor field. After becoming the largest shareholders of Intel and AMD at the same time, we will welcome the third industrial revolution, information

The entire revolution and the entire industrial chain have been basically connected!

From chip manufacturing, essential core components in the communications field; to optical fiber and cable construction; to terminal equipment manufacturing.

Although becoming the largest shareholder does not mean that Intel belongs to Carter, with such voting weight, it is absolutely guaranteed that Carter will not be stuck in the supply of chips. After all, as a Chinese soul, in the manufacturing process of communication equipment

, the news of being choked by the United States with a chip is all too familiar.

And when he thought of this, Carter suddenly realized another problem: Qualcomm!

As the protagonist of the "stuck neck" incident, Carter could not find Qualcomm among the companies listed on today's exchanges. Thinking of this, Carter wrote down Qualcomm in his notebook.

If we win Qualcomm again, then the upstream of this industry will basically be in an unimpeded state for us!

The second is

The fiber optic manufacturing industry is currently undergoing extensive construction work in south-central Georgia. DOG Construction, which is digging underground pipes everywhere, is no longer unfamiliar with the erection of fiber optic pipelines. However, the manufacturing of fiber optics itself is still an area that Carter has not yet touched.

This will be the next step!

Followed by General Electric and Chrysler.

At General Electric, Carter met that mythical figure in business management: Jack Welch!

Welch, who became the chairman and CEO of General Electric in 1981, will be a figure that almost everyone who studies business has heard of in the future. In 20 years, General Electric, with a market value of US$13 billion, has developed into a total market value

More than 590 billion, close to 600 billion, a legend of a giant generation.

After graduating from his Ph.D., he has been serving GM throughout his life, and he is also the "chicken soup hero" in the mouth of many bosses.

but.

"I am used to controlling my own destiny, and I never want to leave my destiny to the control of others. I want to hear your thoughts on General Electric's business to determine my next move!"

Just as he was thinking about the "Chicken Soup Man" thing, Carter heard such a sentence in the office of the chairman of General Electric. And looking at the serious eyes of the man opposite, Carter would never doubt it.

If his business philosophy is not in line with his and he still wants to fight for power, he may really leave GE.

As the representative of General Electric’s largest shareholder today!

Carter knows very well that if there is a fight, he has the capital and the qualifications to fight.

You know, even JP Morgan's shares in General Electric are not as good as his own today. The so-called General Electric is a company controlled by Morgan, this statement does not apply to modern times.

"I have nothing to say about operations. Mr. Welch, do you know how much it cost me to acquire 9.84% of General Electric's stock? Close to six billion dollars!"

"This is enough to prove that your business philosophy is correct. In 1981, the same money could buy nearly half of General Electric's stock!"

Putting Morgan's question aside for the time being, Carter faced the man in front of him with a chuckle:

"The reason why I came here to talk to you is that I hope to add an independent director to GM's five-person board of directors. The purpose is not for me to come here to declare my 'sovereignty' or anything like that. It's just that in some areas, I

I hope we can reach an agreement with GM!"

"In my hometown, there has always been a plan to build an airport. I have had this idea since around 1981, when you took office as President of General Electric. Today, the time is almost ripe!"

"I have a complete construction group that can be responsible for construction, and I also have some customers with whom I can cooperate for a long time. Now I have paid such a high price to join General Electric. In addition to recognizing your business philosophy, I am optimistic about General Electric's future under your leadership.

In addition to developing better, I can say without hesitation that I have taken a fancy to GE’s advantages in aviation services and aerospace engines!”

"We can reach a verbal agreement, and if you help me achieve my goals, I will be your strongest supporter in the board of directors in the future! No matter what you want to do, layoffs or streamline the organization, sell off general assets, it doesn't matter!

I will give you a yes vote!"

"How about this condition?"

"I don't quite understand what you mean. With all due respect, if you just need General Motors to provide aviation engines, or some aviation services, airport management services, or even electrical equipment such as power supply vehicles, you can absolutely connect with our business department normally.

"

Pursing his lips, Welch thought about Carter's conditions and asked suspiciously:

"I didn't understand that this matter is not necessarily related to your purpose of investing in General Electric. Even without this investment, would we still leave the business alone and actively reject it?!"

"Moreover, if you had not invested in GE, the price would have been easier to negotiate. Now that you have become a major shareholder of GE, you also need to consider the interests of GE."
Chapter completed!