America's Road to Wealth

The layout of Smith Capital’s cocktail party today.

It was different from the previous reception hosted by the Hilton family here.

At that cocktail party, there were also seats arranged according to the status of the guests.

It was almost the same as the last time Abel attended a charity reception.

When Abel arrived, it was already halfway through.

He didn't even look for his own seat, just found a sofa and sat down.

But this time, this reception was hosted by Smith Capital.

We use the buffet reception, which has become more and more popular in recent years.

Just don't arrange the seats for the guests.

Instead, prepare a large number of places on the field where you can rest and chat.

In the middle, there are tables with a variety of food, which is a self-service mode.

The best thing about this approach is that you don’t have to ask people to rank based on their qualifications.

Regardless of status, everyone enjoys the same treatment.

Perhaps it is for this reason that this model is becoming more and more popular.

A high platform is designed on the south wall in the middle of the entire Hilton Golden Hall.

Behind the high platform is a white curtain, with a projector hanging above it.

David Mellon is now walking up to this high platform.

His actions also attracted the attention of more than two hundred guests present.

After stepping onto the high platform, David Mellon first tried the sound.

"Cough cough cough~"

After he confirmed that the microphone was normal and could transmit sound normally.

The general manager of Smith Capital smiled and said:

“Welcome everyone to Smith Capital’s investment reception tonight.”

"On behalf of the 136 employees of Smith Capital and our beloved chairman, Mr. Abel Smith, I would like to express my highest respect to you!"

“In addition, as mentioned in our invitation, today is also Smith Capital’s year-end reception.”

"In that case."

When David Mellon said this, he paused for a moment, and his smile slowed down a little.

Then he said:

"In this case, as usual, we will also announce the investment status of Smith Capital in the six months since its establishment tonight. I believe this is what everyone is more interested in."

Abel came to New York last October.

I met David Mellon within a few days of arriving.

However, the establishment of Smith Capital will not be until the end of May this year.

May 25, 2000 to be exact.

It’s almost exactly half a year since today, November 15th.

Ordinary investment companies or companies in other industries have just been established for half a year.

Except for the shareholders themselves, not many outsiders would be curious about its investment and development in the past six months.

But Smith Capital is different.

The company with Abel Smith attracted the attention of Wall Street as soon as it was established.

What's more, in the past six months, it has demonstrated excellent profit-making capabilities.

At the same time, among today’s guests, most of the LPs (investors) who invested in Smith Capital’s first private placement are here.

Of course, these people are more concerned about the profits of Smith Capital.

Many people are waiting with bated breath, curious about what Smith Capital can do in such a short period of time.

What kind of scores and answers will be handed in?

At this time, the lights in the reception began to dim.

Everyone looked behind David Mellon, where a white curtain had already been placed.

Guests know, wait a minute above.

A PPT projection of Smith Capital’s investment record over the past six months should appear.

As David Mellon's voice returned, words began to appear on the curtain.

"Please see, the above is Smith Capital's monthly investment profit from May to yesterday."

He had just finished speaking in the dim golden hall.

The projector is also on the white curtain, in order.

Projected Smith Capital, nearly six months of investment and income.

First is May.

In May, Smith Capital had just been established a few days ago.

The company existed for just five days in May.

Guests saw that during these five days, Smith Capital was in the international futures market.

Mainly, there are multiple transactions in the four bulk futures varieties of soybeans, soybean meal, natural gas, and cotton.

There were about 11 trades in total, all short-term trades lasting a day or two.

Follow the data above.

These 11 transactions were conducted by Smith Capital, which only had five days of trading.

In May of this year, with a principal of about US$1 billion, it earned approximately US$210 million in profit.

$210 million for a billion dollars.

This was a profit achieved in just a few days.

This number is already astonishing.

Even on Wall Street, even in giants like Goldman Sachs.

A profit of US$210 million often requires billions of dollars of capital to achieve such a profit margin.

To this extent, it has already defeated 99% of the investment managers in 99% of the companies on Wall Street.

But that's not amazing enough.

What’s even more amazing is yet to come.

Projection on ppt.

Next, the investment records and profit data of Smith Capital in June are displayed.

The above data shows that Smith Capital made a total of 5 investments in June.

That compares to five trading days in May.

In one month of trading in June, only five transactions were made.

The number of transactions seems to be too low.

However, the combined principal of these five investments exceeds 2 billion in investment.

A total of US$450 million in profit was obtained for Smith Capital.

That is, just five days in May, plus thirty days in June.

Within thirty-five days.

Smith Capital has been in the market and has made over $660 million in profits.

That's about one-seventh of Goldman Sachs' profits for the entire year last year.

These two data are for the oligarchs who already know the approximate profitability of Smith Capital.

Just let them confirm the speculative data for their own company.

Whether there were any mistakes, the extent of the mistakes is just big or small.

But for those guests who are not so well-informed and the channels are not so broad.

These two data are very amazing.

For example, the "family friend" of the Abel family is George, a middle-aged man from Texas.

After reading these two data.

George asked around him the investment manager of the family financial fund that he brought here specially today.

"Steven, tell me, how much profit did you make in May and June this year?"

"Well" the investment manager who called Steven was a little speechless.

The main reason is that his performance is embarrassing when compared with the data projected on the PPT above.

"I remember it was...a few million dollars," Steven said vaguely.

George frowned: "How much is it? Don't say you don't know."

All Steven could say was:

"The exact number is 2.12 million US dollars. The profit in May was 950,000, and the rest was earned in June. There was a wave of precious metals prices in June. In this wave of prices,"

"So few?" Before Steven could finish his words, he was interrupted by George.

few?

Steven wanted to say loudly: The principal your family gave me was only US$150 million!

With such a small capital, how much do you want me to earn in a month?

Of course.

Steven didn't dare to say.

He was afraid that after a while, George would ask about the profits of other months.

In April and July, Steven's investment not only failed to make money, but actually lost money.

There are profits and losses, but generally the profits are more than the losses.

This is considered relatively outstanding among investment managers.

Steven could only say: "That's the Wolf of Wall Street. If only I were as powerful as him. The cocktail party you are attending now, George, is no longer a Smith Capital cocktail party."

"Okay." George nodded, "You're right."

Although it is golden and jade on the outside, it is a bit rotten on the inside.

But George also knew that Steven was his father's trusted investment manager.

You can't offend yourself too much.

But he had decided to go back and talk to his father.

In the future, perhaps the family's funds can be handed over to Smith for investment and financial management.

George was talking to Steven.

The PPT above has begun to project Smith Capital's transaction data for July.

"The next one is in July, please take a look."

While explaining, David Mellon asked everyone to look at the data above.

"In July, our investment was not very good. The profit was only $110 million."

While saying these words, David Mellon was complaining in his heart.

Madfak, earned so little in July.

This month, most of the time is spent picking up girls.

An Anne Hathaway and a Jessica Alba made Smith Capital lose hundreds of millions of dollars.

It also cost David Mellon millions of dollars less.

David feels that women are sometimes the culprits who delay making money!

But he didn't know that he was already in Versailles.

The profit of US$110 million seems a bit small compared with the previous data.

But even on Wall Street, making 110 million U.S. dollars a month is still a small company, but it is actually very powerful.

Wall Street is a securities company of about the same size as Smith Capital.

The annual profit is only a few hundred million US dollars.

Sometimes you even lose money.

If you make an average profit of about 100 million US dollars a month.

I wonder how many bosses of such companies wake up laughing in the middle of the night.

Don't think Wall Street's profits are really that exaggerated.

We have already published the profits of Goldman Sachs and Lehman Brothers last year.

Lehman Brothers nearly went bankrupt in 1998 and only recovered last year.

Last year's total profit attributable to the parent company was approximately US$1.5 billion.

Goldman Sachs is about US$4.2 billion.

Morgan Stanley, one of the four major investment banks, had total revenue of approximately US$8.1 billion last year.

Net profit attributable to the parent company was only 3.495 billion, -28.94% year-on-year.

Situations like Goldman Sachs, Morgan Stanley, and Lehman Brothers are common among giants on Wall Street.

Like Smith Capital’s data from the previous few months.

Taking into account the current size of Smith Capital, these are very scary figures.

What's more, the scarier thing is yet to come.

Just these data have already confused those guests who are unaware of the following data.

I am extremely shocked by the speed at which Smith Capital makes money.

This also made everyone realize why Wall Street attaches so much importance to Smith Capital.

To be precise, it is Abel who attaches great importance to Smith Capital.

It's so profitable, this Madfak is definitely a super cash cow.

This is simply the latest version of Peter Lynch or Buffett.

How could Wall Street not pay attention to this?

Barron Hilton couldn’t help but say to his granddaughter Paris:

"Dear, do you know what the Hilton Hotel Group's net profit was last year?"

Paris shook her head blankly.

How could she care about this?

She is still under the protection of her grandfather, has not yet started to toss her own brand, and has not yet started to attract attention as a benchmark for the Hilton family.

What she is most passionate about at this time is just playing in the ball field in New York.

It's just about competing with other famous ladies and rich ladies.

Barron Hilton said earnestly:

"Last year, Hilton Worldwide's annual revenue was US$9.8 billion. But its net profit was only US$430 million."

"That is to say, this guy's company made more money than Hilton Worldwide in June this year."

What Barron Hilton didn’t say is that the Hilton family’s shareholding in Hilton Worldwide is actually very small.

The Hilton family got very little of last year's net profit of $430 million.

The Hilton family is not as beautiful as it seems on the surface.

This is like Ted Lena, who is said to be a billionaire but can also be ranked in the top 400 rankings in the United States.

But in fact, most of the time, he is also short of money.

Because most of the assets of rich people like them are stocks or heavy assets.

The ratio of usable money earned every year to working capital is very low.

"We make more in one month than we make in a year." Paris listened to her grandfather's words.

She felt that she might have done something wrong before.

Fortunately, there should be a chance now.

Maybe?

She thought uncertainly.

After "unremarkable" July data.

It is increasingly exaggerated, even scary data.

In August, Smith Capital’s result was US$2.156 billion.

Among them, in the international foreign exchange market alone, the profit was as high as 1.954 billion US dollars.

As soon as the projection PPT of this part comes out.

The "distinguished" guests who had been able to maintain their composure suddenly revealed their true colors.

"Wow~"

"Did I read that correctly? More than two billion US dollars a month? Did they get the decimal point wrong?"

"I think so too. It was only 1.1 at the beginning, but it turned out to be 2.156 billion U.S. dollars. Is this a mistake in the decimal point? It should be 215.6 million U.S. dollars, right?"

"More than 200 million is amazing. But if it is more than 2.1 billion"

"Namadfak's Smith Capital made as much profit as Goldman Sachs did in the first half of last year in just one month of August!"

"Madefak, I feel like the Federal Reserve can't print money as fast as it can get money!"

"."

What the gentleman said later was a bit exaggerated.

In this world, no one can make money fast.

Comparable to the Federal Reserve's nuclear-powered money printing press.

Neither can Abel, who is trying his best to cheat.

How many trillions of dollars are printed a year, who else? ! !

Surprised the guests in the discussion, many people also noticed.

Under such horrific figures.

None of the high-profile Wall Street giants were as surprised as they were.

Are they calmer, more cultivated, and the city deeper?

Not really.

It’s just that these data were not concealed due to Abel’s previous intention.

They already have some vague numbers.

Smith Capital has announced it now, just for them to check.

Let them find that the data is generally similar to the numbers speculated by their company's elite.

However, what's even more amazing is yet to come.

After August, it’s September.

In September, Smith Capital's profit data was $4.16 billion.

Among them, the investment profit from long international crude oil was US$1.42 billion.

The investment profit in London Gold is 25.64.

As soon as these two numbers came out, the guests started talking louder.

After this more than 4 billion US dollars.

No one doubts the figure of more than US$2 billion in August just now.

The decimal point can be marked incorrectly once, but will it be marked incorrectly the second time?

If this is the case, today's cocktail party will become a funny event.

It was obvious that this could not happen.

That means

Smith Capital's profit data for August is not marked with the wrong decimal point.

That is, August and September.

Smith Capital made more than $6 billion

Everyone thought that after this, Abel suddenly spent a huge amount of money to buy MGM.

We're not afraid of MGM's deceptive debt of more than two billion US dollars.

It shows that a person is stupid and has too much money.

The guests suddenly understood.

It turns out this guy made so much money in August and September! !

This is why he can be so generous, and once he buys it, he becomes one of the Hollywood giants.

After seeing these two data.

The most excited ones are the LPs who invested in the first phase of Smith Capital’s private placement.

For example, Ted Lena and Barron Hilton.

One of them has a relationship with Abel, and the other is related to his daughter Ikana.

Both of these people invested a little money in Smith Capital's private placement at the end of August.

Barron is $2 million, Ted Lena is $1 million.

They suspected that the 2 billion in August had little to do with the private placement.

After all, Abel only launched his first private placement at the end of August.

But of the more than 4 billion in September, at least part of it should be privately raised funds.

Then their investment should have made money.

Thinking of this, small and medium-sized investors like Ted Lerner and others are more than just surprised.

They have all begun to fantasize about how much Smith Capital made in the first phase of its investment in September.

This data is not immediately listed on the projection PPT.

What appears behind it is Smith Capital’s profit data for October.

That's up from more than $4 billion in September.

In October, Smith Capital was “only” shorting international crude oil futures.

On the "trivial matter" of making $3.42 billion.

It doesn’t seem that amazing. What the hell!

In less than five months, he made nearly 10 billion U.S. dollars.

More exaggerated than those listed in Forbes and other newspapers.

This data has already made those guests present who did not know the truth doubt their life.

Like George, he couldn't help but poke his own investment manager with his finger.

"Steven." George said somewhat naively:

"You said that the symbol above is not the dollar sign?"

"Is there a possibility that it is the currency symbol from Asia?"

"I remember it right! Hong Kong dollars, the money on Hong Kong Island, also use this symbol. Does this 10 billion refer to Hong Kong dollars?"

Steven looked at his boss.

He didn't want to point out that the above figures were in "million," the commonly used unit in U.S. dollars.

That is "millions", and the October profit of Smith Capital shown above is 3420 million.

That is 3420 million.

This measurement method is generally used by the United States alone in the world.

George looked at Steven's eyes, and he sneered, knowing that what he just said was a bit silly.

After realizing this, George had already made up his mind.

After I go back, I must deal with my father.

Ask your father to put the family's financial management funds with Abel.

By this time, only a few minutes had actually passed.

David Mellon, who was on the stage, took a deep breath.

David looked forward to it.

He expected the people below to look shocked.

Because David knew that the next data would be even more amazing.

"Okay. I've finished reading the October one."

David, who was holding the microphone above, smiled and said: "The last is the profit in the first half of November. Please take a look."

When everyone sees it.

Smith Capital's profit in the first half of November was $71.59.

No one spoke out anymore.

At the cocktail party with more than two hundred people.

Everyone seemed to have pressed the pause button, and the comments and movements disappeared.

There was only the sound of everyone's rapid breathing, and the sounds of waiters walking and preparing drinks and food as they had nothing to do with themselves.

To the waiters.

No matter how much money rich people make, it is none of their business.

Apart from wages, they don't get a single profit.

To them, 10 billion and 100 million are actually the same.

The same out of reach, the same astronomical figures.

Of course.

Among the more than 40 waiters, except for a large number of hidden reporters.

They are less calm.

These reporters who were hiding were all a little blank at this time.

The PPT projection was played to the end.

It was David Mellon's huge voice that woke everyone up with the help of a loudspeaker microphone.

"Ahem. Finally, here is the total profit of Smith Capital since its establishment six months ago. Please look at the PPT projection."

Behind David was an exaggerated number, but everyone was already numb.

17665 million.

17665 million US dollars, 17665 million US dollars!

"This is the answer that Smith Capital has handed over to everyone."

David Mellon loved seeing the people down there.

Including those giants, they are quiet and numb at this time.

Although this is not what David achieved.

But David has also experienced these achievements himself.

And he contributed a lot, and may still be the one with the most.

Because someone just takes a look before investing and makes a few phone calls in the middle.

If he shows up at the end of the day, or doesn't show up at all, just make a phone call to let him know.

In comparison, David, who often stayed up all night, contributed the most.

But David also knows that there are many people who can replace him.

There are probably hundreds of them on Wall Street as a whole.

But the only one who can do all this is your boss!

What makes David even more excited now is.

Among the 17.665 billion US dollars, he can get at least tens of millions of dollars, or even hundreds of millions of dollars.

This made him happier than seeing the shocked expressions of the people below.

"Okay. What will happen next is Smith Capital's first private placement, the first phase of Smith Fund."

David Mellon took his time and continued following the steps.

Hilton's name is wrong, it should be Barron's.