After leaving Goldman Sachs Group, Jiang Qiurong asked a question on the way back:

"Why buy short options instead of selling those two stocks directly?"

Ren Pingsheng certainly knew the answer, because in six months, the subprime mortgage crisis ferments to its worst stage. AIG and Citibank, the two overlords of the US insurance and banking industry, will suffer huge losses caused by subprime mortgages. After the stock price fell by 90%, it fell again and again. In the end, the US government had to take over and be "nationalized" and was restored to its public company status two years later.

Although Ren Pingsheng knew that the US government would definitely save the market, he could not guarantee that the US government would definitely come out to rescue the market at the time of his previous life. If Ren Pingsheng directly shorted the stocks of these two companies now, if the US government takes action to "nationalize", the short-selled stocks are likely to be locked by the US government, and profits may not be locked at that time.

However, if you just buy short options, you do not need to trade these two stocks directly. You just agree with the buyer to sell so many stocks at the current price. As long as you can buy the same amount of stocks within one year, you can fulfill the contract, avoiding the disadvantage of directly trading stocks.

Of course, Ren Pingsheng’s explanation of Jiang Qiurong is another version.

"AIG is the largest CDS contract seller on the market at present, and Citibank is the largest CDO holder on the market. I entrust Goldman Sachs to purchase CDS at AIG and short these two largest financial groups. It is equivalent to giving money to Goldman Sachs to make money while also helping Goldman Sachs step on these two competitors. This mutually beneficial action is of course happy to accept."

Jiang Qiurong believed in Ren Pingsheng's explanation. Her slender phoenix eyes glanced at him charmingly and said with a smile:

"You are more cruel than everyone when you get ruthless."

Ren Pingsheng laughed and hugged Jiang Qiurong in his arms, saying with satisfaction:

“e  To  Wallstreet,Baby!”

......

After handling the affairs of the United States and executing the follow-up work of shorting the US transaction to Jiang Qiurong and Zhang Wenwu, Ren Pingsheng finally boarded the plane back to China.

This trip to the United States not only realized the dream of listing in the NASDAQ of Wanyou Games, but also seized the opportunity of the subprime mortgage crisis and laid out US financial investment. It can be said that Ren Pingsheng's assets and investment have undergone major changes, so through the flight time, he updated his 2007 gold book on his laptop.

[2007 Golden Book]

1. Movable property (7.65 million yuan):

① 1 top-end Audi A6L (black) car, with a unit price of 600,000 yuan, and the original value is 600,000 yuan (current value of 300,000 yuan).

② Audi A8L  4.2 (black) 1 car, with a unit price of 900,000 yuan, original value of 900,000 yuan (current value of 800,000 yuan).

③ Mercedes-Benz SLK    1 sports car, unit price of 1.45 million yuan, original value of 1.45 million yuan (current value of 1.3 million yuan).

④1 Bentley Continental GT (red) and coupe, unit price of 4.6 million yuan, original value of 4.6 million yuan (current value of 4.4 million yuan).

⑤ One Toyota Land Cruiser 4.7L (white) is an off-road vehicle, with a unit price of 900,000 yuan, and the original value is 900,000 yuan (current value of 850,000 yuan).

2. Real estate (91.8 million yuan):

①Shuiyunlu (Huhaihai) has a residential building with an area of ​​100 square meters, a unit price of 17,000 yuan per square meter, with an original value of 1.7 million yuan (current value of 2.8 million yuan).

② International Liz City (Shanghai) 1 set, large flat floor, area of ​​500 square meters, unit price of 23,600 yuan per square meter, original value of 11.8 million yuan (current value of 14 million yuan).

③ One residential building with an area of ​​200 square meters, a unit price of 16,000 yuan per square meter, with an original value of 3.2 million yuan (current value of 4.2 million yuan).

④ One house in Xishan Villa (Yanjing) with an area of ​​480 square meters, a unit price of 10,400 yuan per square meter, with an original value of 5 million yuan (current value of 8 million yuan).

⑤ One residential building with an area of ​​300 square meters, unit price of 50,000 yuan per square meter, original value of 15 million yuan (current value of 18 million yuan).

⑥ One West Lake Golf Villa (Hanzhou) with a villa with an area of ​​580 square meters, a unit price of 15,000 yuan per square meter, with an original value of 8.7 million yuan (current value of 10 million yuan).

⑦ Yujing Building (Shanghai) has a large flat floor, an area of ​​460 square meters, a unit price of 20,000 yuan per square meter, with an original value of 9.2 million yuan (current value of 10 million yuan).

⑧ Tiandi Yuyuan (Huhai) 1 set, high-rise duplex, area 320 square meters, unit price 35,000 yuan per square meter, original value 11.2 million yuan (current value 12 million yuan).

⑨ One villa with a villa with an area of ​​670 square meters, a unit price of 18,000 yuan per square meter, with an original value of 12.06 million yuan (current value of 12.8 million yuan).

3. Investment (515 million US dollars 347 million US dollars = 24805 million yuan):

① Wanyou Network (enterprise), US stocks, and Nasdaq listed companies, holding 69 million shares, unit price of US$28.08 per share (current price of US$30 per share), original value of US$1937.52 million (current value of US$2070 million).

② Weibo (enterprise), private company, no valuation yet.

③YY Voice (enterprise), private company, no valuation yet.

④Premier real estate (enterprise), private company, no valuation yet.

⑤ Shunwei Fund (enterprise), partnership fund, holds 30% of the shares and is valued at 15 million yuan.

⑥ Junlin Capital (enterprise), investment fund, holds 100% of the shares and has a valuation of US$140 million.

⑦ Wanyou Film and Television (enterprise), private company, no valuation yet.

⑧Wanyou.com (enterprise), private company, no valuation yet.

⑨ Guofei Park plot (land), 50% equity, valuation of 500 million yuan.

4. Liabilities (-350 million yuan):

① Wanyou Game (borrow), 350 million yuan.

5, Cash (166.09 million yuan):

① Wanke A (stock) sold income of 252 million yuan.

② Zhongxing Securities (stocks) sold revenue of 70 million yuan.

③House mortgage redemption, principal and interest expenditure of RMB 52.9 million.

④YY Voice’s equity purchase expenditure was RMB 30 million.

⑤Weibo's equity purchase expenditure of 20 million yuan.

⑥ Wanyou Film and Television’s equity purchase expenditure was 25 million yuan.

⑦ Wanshi.com's investment expenditure was 20 million yuan.

⑧Wanyou Games’ first round of financing income of 70 million yuan.

⑨ Wanyou Game Company’s personal loan income is 350 million yuan.

⑩ Shunwei Fund's investment expenditure is 45 million yuan.

?The auction expenditure of the Guofei Park plot was 330 million yuan.

?The purchase of real estate is RMB 41.16 million, and the purchase of vehicles is RMB 8.85 million.

?Public relations and other expenses cost 3 million yuan.

Subtotal:

1. Movable property: RMB 7.65 million;

2. Real estate: RMB 91.8 million;

3. Investment: RMB 248,05 million;

4. Liabilities: -350 million yuan;

5, Cash: 166.09 million yuan;

Total assets: 24720.54 million yuan, cash held: 166.09 million yuan.

Ren Pingsheng summarized himself. So far, his career has entered a stage of multi-point blooming. He is no longer developed by an online game company alone. However, Wanyou Games is still his main cash cow, providing him with a steady stream of funds for investment and development in other careers.

Since it became the two investment companies, Shunwei Fund and Junlin Capital, Ren Pingsheng no longer had to operate the capital market by himself. These details can be left to these two investment companies. Therefore, investment in Jingxi and short selling in the United States are no longer listed separately, and are all merged into the accounts of the two investment companies.

From the perspective of asset structure, Ren Pingsheng's main gains come from investment. The increase in self-owned real estate is only 1 times, while the increase in stocks is 20 times, and the increase in investment in startups is 100 times.

If we calculate the total assets, it has increased by 200 times from less than 100 million in 2006 to 24.7 billion in 2007.

One small goal that others can’t achieve in their final life is 200 in 2 years.

This is the benefit of catching up with the wind, and this is the victory of making good use of the big cycle.

This is the charm of snowballing.

......

After counting the 2007 Golden Book, although it was just a simple financial statistics, it took Ren Qing's life two hours to move his neck, he asked the flight attendant for a cup of coffee, leisurely connected to the WIFI provided by American Airlines, and started surfing the Internet.

Since it is abroad and there are no so-called restrictions, Ren Pingsheng directly entered this website.

The familiar blue and white scene appeared in front of me. Fan Fu still maintained the interface style of Ren Pingsheng when he first registered. Except for the registration address and server were transferred to the United States, everything seemed to be in 2007, when Wang Xinggang founded it.

In order to prevent possible risks, Ren Pingsheng changed the original Fanfu to Weibo and transformed it in the direction required for commercial operations. With his series of operations, the brand new Weibo has become the number one player in domestic social networks and has formed a good cooperative relationship with official media in many fields.

Under Wang Xing's insistence, Ren Pingsheng allowed him to transfer the original Fanfu to abroad, and inherited the original Fanfu mechanism and operation method to operate independently in the United States.

In this way, the original Fanfu was safely isolated from the new Weibo, and the earliest fans provided space for free discussion, and also soothe Wang Xing's idealistic mentality.

Of course, Ren Pingsheng's purpose of doing this is not just for Wang Xing, he has another very important reason.

Although Fanfu is still the original and original Fanfu, it has been moved to a foreign server after all, and one-third of the original old users have been lost. The rest are some very senior fans, all of whom are top talents in various fields.

One of them is what Ren Pingsheng has always wanted to see since he was reborn.

This person is not only related to the direction of the mobile Internet, but also will determine the overall pattern of China's Internet.

And this proud and lonely person has the only way to communicate with the outside world.

So Ren Pingsheng opened the blue and white Fanfu page and found @gzallen from the following list of @Ren Pingsheng's account.

Using the WIFI of the plane, Ren Pingsheng began to browse more than 500 fan items that @gzallen has updated, and forwarded and left a message on his fan item.

@gzallen's meal said this:

"There are thousands of knots in the heart, and each knot is a product. The relationship is tens of millions of times, and each relationship is a product. The future world should be an era in which everyone will make a product of ten users."

@Ren Pingsheng said this:
Chapter completed!