America's Road to Wealth

Chapter 482 The most successful investment in Buffett’s life

May 1, 2002.

International Labour Day.

Many countries in the world celebrate this festival and have holidays for it.

However, the birthplace of this holiday, currently the most powerful country in the world, has never celebrated this holiday.

The United States has its own Labor Day.

The first Monday in September every year is a day off to show respect for workers.

On this day, people across the United States usually hold parades, rallies and other celebrations.

In some states, people hold picnics after their parades, where they eat, drink, sing and dance lively.

At night, fireworks will be set off in some places.

It looks very grand, as if they take this festival very seriously.

It seems that they attach great importance to labor.

But in fact, most festivals in the United States are so lively.

Americans seem to be born with a love of liveliness. If there is no holiday, they will create a holiday. They just want to be noisy and entertain.

It is for this reason that American leaders, like actors, occasionally appear on various influential American variety shows.

Who says Americans have this kind of character? They love this one.

On this day, the Dow Jones Company created the Dow Jones Index.

Its affiliated "Wall Street Journal" published a striking photo in its front page report on page 2.

The Wall Street Journal has been very stubborn in the past 100 years. Its newspapers have always adhered to black and white.

Even the pictures are in black and white, no color.

I persisted until April this year, that is, last month.

The "Wall Street Journal" has just officially revised its layout to face its many customers with a new color layout.

Nowadays, the photos of Abel published in the reports are naturally in color.

The content of this photo is that Abel Smith, who is a household name in the United States and no American does not know him, is sitting in a beautiful red sports car with the windows open and driving seriously.

Abel Smith is being reported on every day in America.

Compared with the past, there are many more street photos of him and pictures on the news.

According to media statistics, there are 365 days in a year. Abel Smith appears in at least 17 major American media reports every day.

At the most, 535 medium-sized or larger American media reported on him a day.

There are many more obscure tabloids.

Most of these reports have graphic content.

In this regard, at first glance, this picture does not seem to be a big deal.

Just a picture of Abe Smith driving.

However, the Wall Street Journal report and this picture still caused a huge heated discussion in the United States.

The reason is, this is a picture of Abe Smith, driving a car for the first time!

What he drives is a sports car that only rich people, celebrities, and celebrities with flamboyant personalities would choose.

This is rare, even unique.

Because of Abel Smith, he appears in images related to vehicles.

The vehicle that serves as his background is either a Lincoln, a Cadillac, or a Ford pickup truck... the most common is Cadillac.

Ever since he became famous and became a media darling.

No one ever saw him riding in any non-American car.

If anyone makes careful statistics, they will find that most of the top American tycoons from WASP backgrounds drive cars in the same style as Abel, all American cars.

Are American cars of better quality?

No, the tycoons are all creating a persona, a patriotic persona.

Therefore, the pictures of Abel riding in or even driving a sports car are new to more than just ordinary Americans.

Many American elites who knew him well and knew that he was very afraid of death and took his own safety very seriously could not help but become curious about this picture.

Abel Smith, who is very old-fashioned in many aspects, is starting to show off?

Is this a change in his personality?

A lot of people think that, and it's important.

Because figuring out Abel's character and grasping his character weaknesses are things that many people, companies, and institutions have been studying.

That night, this picture appeared on many talk shows and commentary programs.

For example, at the beginning of this year, "The Ellen DeGeneres Show", which was just launched on AMC and became very popular, directly made this topic one of the core contents of that night's program.

"The Ellen DeGeneres Show" is also known as "The Ellen DeGeneres Show" and is hosted by Ellen DeGeneres.

She is a dazzling newcomer who has emerged in the American media industry in recent years.

She had almost reached an agreement with CBS TV station to start a talk show under the other company's banner.

AMC TV station fought for love and won the contract with Ellen DeGeneres on better terms.

Since then, the AMC version of "The Ellen DeGeneres Show" has appeared and is now a popular talk show on AMC TV in the United States.

Hosted by Ellen DeGeneres, who is popular for her light-hearted and witty hosting style, it premiered on January 9, 2002.

The show combined anecdotes, celebrities, musical guests and human stories and was a huge success.

Among the many talk shows in the United States, in terms of ratings, it is currently only inferior to "The Oprah Show" and ranks second among talk shows.

"The Ellen DeGeneres Show" tonight, May 1st.

Host Ellen DeGeneres invited F1 boss and famous British tycoon Bernie Ecclestone to participate.

In the program interview, the two people who were chatting and laughing mainly talked about F1 topics at first.

Talking about F1's emphasis on the United States, and some content to please Americans.

As the two chatted, the topic turned to the report and photos from the Wall Street Journal.

"Oh, it's a rare sight to see America's number one taxpayer driving a sports car."

Allen said immediately.

Bernie Ecclestone, speaking from a professional perspective, claimed that the sports car driven by Abel Smith had never been seen before in the industry.

"This is definitely not an existing sports car. It won't be a limited edition of Ferrari or Lamborghini. Its style is very American. I think it may be a new sports car, or a new sports car for Americans?"

Bernie Ecclestone is eloquent.

Allen immediately praised:

"Then what kind of sports car is it that can actually make Abe Smith, who has never driven a car himself, unable to resist driving it? I have received news that our boss is driving this sports car, and he is very excited. The city of Palo Alto, California, was open for almost two days! Oh, this is a very rare thing."

The brief discussion between the two suddenly attracted the attention of many ordinary Americans.

From "Abe Smith drove a car for the first time" to "What kind of sports car did Abe Smith drive?"

Originally, the direction of public opinion throughout the day today and the "Ellen Show" were not very clever.

Many media have realized that this may be another hype by Abel Smith.

Those media groups that compete with Smith Media would be reluctant to help Abel Smith hype it up, if possible.

In Chinese terms, this is aiding the evildoer.

The richer Abel becomes, the stronger Smith Media becomes. The oppression on them will be stronger, and they are unwilling to do so.

Yet their market analysts agree.

In the near future, reporting on relevant types of content will steadily increase their company's ratings or sales by at least 20%.

For the sake of the fragrant green banknotes.

Murdoch and Redstone can only involve News Corporation and CBS Group to conduct relevant reports.

Under a large amount of reports, in just one day.

News about Palo Alto-based Tesla and the unique super-tech sports car it developed.

It was very crowded and officially appeared in front of all Americans.

The next day, at night.

At this point in the development of the news, Americans who have read the relevant news already know it.

The sports car that makes Abel so dear is a super environmentally friendly car that does not use gasoline.

It is unique and the best in the world!

Made in the USA, that's a big deal.

This evening.

1 San Mateo Road, Corona del Mar, Santa Barbara, California.

"Hey...Warren, you knew I had invested in this. Don't you always have a bad impression of this kind of high technology? So I didn't inform you. Is that normal?"

In the living room, Abel was holding a satellite phone and talking to the American stock god on the other end of the phone with a slight smile.

Sitting next to her was Paris, who had a big belly.

On another sofa chair nearby.

Still sitting, Ted Lerner was actually very busy, but he was licking his face and refused to leave and go back to New York.

Ted said his daughter had just given birth.

As a father, how could he only stay for two days and then leave?

At least he had to wait until his daughter recovered a little before he could leave with peace of mind.

At this, his daughter Ikana could only roll her eyes.

She knew that if her man was not here now, her father would disappear soon.

What really made her father stay was definitely not his love for his daughter.

Just like now, I know that the person on the phone with Abel is the "Oracle of Omaha" Buffett.

The old man had already pricked up his ears.

On the surface, he was reading the newspaper, but in fact, he was fully absorbed in the phone call between Abel and Buffett.

In Ted's opinion, Abel and Buffett are the two most powerful and outstanding investors in the United States.

If the conversation between these two people could reveal a little bit about the stocks they are optimistic about.

Ted felt that as long as he bought it without thinking, he would definitely make a lot of money.

Since Abel doesn't shy away from suspicion, Ted certainly won't give up this good opportunity.

"Actually, I'm still not optimistic about this industry. But you know that when it comes to investment, I trust you unconditionally."

The quality of the satellite phone was very good, and both Ted and Paris were extremely quiet in the living room.

Buffett's voice is clearly audible as long as you concentrate a little.

"Since you are in this industry and have invested so much, I think it must be good. How about, dear, let me join?"

Hearing what Buffett said, Abel smiled silently.

He thought, huh... Sure enough, the big shark that smelled the fish was attracted.

Yes, just like many people suspected.

The pictures and news published by the "Wall Street Journal" are an active hype by Abel.

The hype is Tesla in Palo Alto.

The time period when Abel changed from a Chinese to an American now is in the second half of 2022.

At that time, it was the time when new energy vehicles from the United States and China were sweeping the world.

Whether it is Sidezi or Xiaocaizi, these two companies from traditional fuel vehicle powerhouses have been hit hard and can only resist.

So even without talent, Abel knew that the new energy track was the right one.

It will bring new changes to advanced industrial systems such as the automobile industry.

I am interested in entering the automobile industry, but the major American automobile groups all have their own interests.

Abel set his sights on the new energy vehicle track.

This is due to the early appearance of Tesla two years ago.

After two years of preparation, the first Tesla car finally appears.

Abel, who wanted to be the man who created the trend, finally officially started his first step.

That is to use his own strong influence to draw the outside world's attention to electric vehicles.

Learn from Musk in parallel time and space, and try to heat up the new energy vehicle track as much as possible.

Compared with Musk, who was not well-known at that time, Abel, as the world's richest man and the first-generation Internet traffic king in the United States and even the world, can play a huge role in this regard.

Coupled with his increasingly solid aura as the "God of Investment" and his hidden identity as a Texas conglomerate boss.

As soon as Tesla Motors was announced, it immediately attracted the attention of even figures like Buffett.

You must know that this is Buffett. This hometown never invests in areas that he is not familiar with.

He never pays attention to short-term interests, and is a character who would rather stay in vain than take risks.

Now that they have found Abel so quickly, this is definitely not the fault of Tesla Motors or new energy vehicles.

This is Abel's credit, because Buffett believed in Abel.

Because the Prophet of Omaha obviously wants to be bound to Abel in all aspects.

Rather than saying that Buffett wants to invest in areas that Abel is optimistic about, it is better to say that Buffett is actually investing in Abel.

Abel is naturally happy to see the results of Buffett's approach.

Because first of all, the new energy vehicle track itself is not an industry that can be promoted by the power of individuals or just a consortium.

It will later be truly successful and will hopefully replace traditional fuel vehicles.

More than 95% of the credit lies with the United States and China.

It needs to be promoted by the most powerful countries in the world, or even two, to have a future.

In this regard, Abel, who has already formed an industry layout, of course hopes that the more people will enter the market, the better.

The more people like himself and Buffett enter the market, the stronger the federal government's motivation to promote the new energy vehicle track.

As for China, as long as they want to upgrade their industry.

Then they will definitely help the United States, and everyone will work together to promote this automotive revolution.

Because China itself is also one of the countries with the most lithium deposits in the world.

In comparison, the United States is even a lithium-poor country.

Lithium ore is the core of new energy vehicles.

If you can grasp the core, at least you won't be manipulated. It can also promote national energy security, and at the same time, there is great hope that it will overtake others and lead to an industrial upgrading of the automobile industry.

As long as China is not stupid, it will end sooner or later.

So now, Buffett is willing to join in.

Of course Abel would be happy.

After two years of planning, one-third of the world's discovered lithium mines have been obtained.

As long as this outlet can be created.

It doesn't matter even if Abel gives up all Teslas.

In parallel time and space, why would the United States spare no effort to promote new energy vehicles even though there is only one Tesla?

The United States itself is still a lithium-poor country.

There is no such thing, because the largest lithium producing areas in the world are in South America, in the back garden of the United States.

Many American mining tycoons are the biggest supporters behind Tesla.

It can be said that this is a rare consensus reached by the United States and China.

Faced with Buffett's temptation, Abel did not hesitate.

"Are you really interested? Warren, maybe this is another dot-com bubble, Nasdaq crisis."

He smiled and spoke to the Oracle of Omaha, holding a satellite phone.

"Of course I'm interested. But like I said, I just believe in you until you fail hard."

"Hahaha - then I have to say, you never hope to see such a thing in your life."

"Let's do this." Abel started to quote directly: "So far, I have invested a total of about US$300 million in Tesla Motors. 10%, US$2 billion."

There has been little reaction from Buffett.

Ted Lerner, who was eavesdropping attentively here, was startled.

For a company with an investment of only 300 million, the first round of financing quoted 2 billion US dollars at 10%.

That is to say, after two years of development, Abel invested only US$300 million in a company that now has a market value of US$20 billion!

This is a money grab! Ted Lerner thought that Buffett would never agree.

The old man's caution in investment is famous all over the world.

No one does venture capital or angel investing.

Buffett's investments have always been in mature companies in mature fields.

To Ted Lerner's surprise, however, Buffett agreed directly.

"Okay, I agree. 10%, US$2 billion. But I have a premise that the first round of financing cannot exceed 30%. And it includes my 10%."

Buffett's voice came from the satellite phone.

This made Ted Lerner's eyes widen.

Did Abel really succeed in robbing money? !

An investment of 300 million yuan turned into a market value of 20 billion yuan in two years!

The key is that people like Buffett still recognize it, and Ted Lerner is extremely shocked.

In the United States, we want to make it possible for investors to support a company.

Many times, all that is needed is a name.

In the past, to Wall Street, Warren Buffett was such a name.

Looking at Abel who was holding a satellite phone and smiling, Ikana's father sighed in his heart.

Well, now there is a younger and more valuable Abel Smith.

"It's not a big problem. I can agree to this condition, believe me, Warren. This will be your second most successful investment."

Abel said with a smile.

Ted wanted to know what Buffett's first successful investment was.

Was it in the 1970s that the stock god invested in American Express for the first time and tripled his income in half a year?

Or in 1988, Buffett invested $108 million in the federal government-backed mortgage insurance giant Freddie Mac at a split-adjusted price of $4 per share, and then arbitraged an outrageous gain of $6.5 billion two years ago?

Fortunately, it seems that Buffett is also curious about this question. The stock god smiled and asked:

"Since it's the second one, which investment do you think is my first successful one?"

"Do you still need to say it?" Ted saw that Abel was a little "arrogant" and said:

"Of course it's your investment in Smith Capital. That will be the most successful investment in your life."

Abel's somewhat "arrogant" answer caused Buffett over there and Ted over there to fall into a brief silence.

A few seconds later, Ted heard the very hearty laughter of the Oracle of Omaha coming from the satellite phone.

"Hahaha... you are absolutely right!"

Listening to the satellite phone, Buffett said categorically: "That was indeed the most successful investment in my life. I am convinced of this now."

"That's right, and you now have your second most successful investment."

Abel said with a smile.

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