Wall Street of the third generation chaebol

＜ The first hedge fund. (1) >

“Heh heh… what about JP Morgan Bank?”

Startle.

I looked back at the sad voice.

There, a demon nachsa (惡鬼羅刹) in a naval uniform was sitting on a bench with his ears dripping from his eyes. Candler and James kept their mouths shut as their faces turned white from the force of a lion.

A cold sweat was running down the back of my hand.

‘Did you hear that?’

“that…….”

“Young Morgan. The Navy’s ears are as bright as a beacon in the dark. If I’m not wrong, didn’t I just say the loan was suspended? Then the Navy’s Coca-Cola. What’s going on with the military?”

“Calm down for now.”

In a cold sweat, I gently eased Admiral Dewey’s bloated life, but the expression on Admiral Dewey’s face disappeared.

“Am I really what I look like now? Someone just robbed my underwear and barely signed a Coca-Cola military contract, while that damn bastard Lamont declared war on the brink of cutting off the navy’s drinking water?”

“It’s not drinking water, it’s Coke…”

“That’s it. Damn it!”

Clang-!

The glass bottle smashed to the floor shattered.

I turned my head fiercely, looking down at what had been a bottle that had been oxidized to grains of glass. Admiral Dewey’s forehead had indescribable tendons and veins bulging out.

It’s a bonus that your face is blushing.

‘It was X.’

This novel was posted at https://readwn.com

Once you have calmed down

You should avoid the appearance of the Navy’s lions biting New York’s Wall Street wolves. Coca-Cola, which provided a clue if the Navy was hit with a mace from civilian control by mistake, could quickly turn into an enemy of the Navy.

‘It has become a self-indulgent …!’

“Admiral!”

“Hey, don’t look at me like that. I can clearly see what you’re trying to say. I’ve been eating Naval Jjajjab for years, but I don’t know how to control civilians.”

Admiral Dewey sighed deeply.

In fact, the Navy was an organization that could not be free from disarmament. If there is a fear that the Navy Department is running high, the federal government will strangle the Navy Department and forcibly cool it down.

Admiral Dewey must’ve been through it once or twice.

“Trust me first.”

“Young man. Is there any solution that has broken through?”

“It seems like a good number.”

“Who, can I trust you? I can’t guarantee how I will change on a day when the Navy’s supply of Coca-Cola is cut off.”

“Yes, even if we rip off the production line from another place, we will absolutely supply it to the Navy Department. I guarantee.”

“…I heard that the guarantee should not stand even with family members.”

“I am so sure.”

Admiral Dewey looked straight into my eyes.

I also stared straight into the Admiral’s eyes. When I did not yield to the deaf eyes like that Serengeti lion, Admiral Dewey burst into laughter.

phut! phut!

“Puhuhahahaha!!! That’s why I like you! It’s a hell of a difference between mere scumbags! Okay, I’ll trust my young man and wait patiently.”

“……thank you.”

blocked…..

As he managed to stop the tsunami that was about to hit New York’s Wall Street, he relaxed and let out a breath he had been holding back. Then he quickly returned to New York with Candler and James to discuss future plans.

so i didn’t see

The abyss that quietly burned in the eyes of the benevolent Admiral Dewey.

***

“Did you go?”

As Detroit Morgan’s party returned from Washington to New York on the express train, Admiral Dewey asked in a low and low voice.

The lieutenant trembled at that mournful embarrassment.

“Yes, you came back on the New York Express.”

“Did you do well to see you off to the train station?”

“Are you talking about this?”

“……Right.”

Admiral Dewey leaned back quietly.

The lieutenant followed Admiral Dewey as he walked through the garden in front of the Naval Department building, sweating profusely. It was as if an enraged lion was condensing energy to start stretching.

Admiral Dewey opened his mouth slowly.

“The lieutenant. Be completely silent about what you just heard.”

“Yes.”

“And this is not just a problem for the Coca-Cola Company, but a problem with the status of the Navy Department at stake. In the meantime, the Navy Department signed contracts as if they were being dragged into JP Morgan Bank, but you should try to squeeze your neck at least once.”

Admiral Dewey paused for a moment.

“From now on, we’ll deal with the Navy’s way. Morgan youngsters have their own way. Our Navy has our Navy’s own way. We just have to respond our own way.”

Sum 🤩

An electric current ran through the lieutenant’s back.

From Admiral Dewey’s sad eyes, there was overflowing with delusions of biting the wolves’ necks at any moment.

Admiral Dewey’s lips fell.

“Deputy, the officers in charge of supplying the military who are currently in the Naval Department building.”

“…….Yes.”

“I’ll call everyone urgently. Right now.”

At that moment the lieutenant saw.

The waves of the abyss fluttering in the eyes of Admiral Dewey, who had lost their light. The lieutenant did not say anything, and only trembled like an aspen tree.

“Let’s take a look at Annapolis juniors.”

***

January 1898,

New York Midtown, Waldorf-Astoria Hotel.

I first reassured Candler, then flew to New York and got a hotel room in Waldorf-Astoria.

Candler and James talked about going bankrupt at any moment by JP Morgan Bank throwing the Coca-Cola Company into bankruptcy, but well.

‘It’s a good harvest just to find out what kind of influence Jack Morgan can have on JP Morgan Bank.’

This is an opportunity.

For me, this is a golden opportunity for the Coca-Cola Company to become independent from the scourge of JP Morgan Bank.

I have to pull out my foundation, which was dependent on JP Morgan Bank, and repair it.

‘If I’m wrong, I can transfuse funds even if I take my German-style body as collateral.’

My pockets were still full.

If I get a loan from a large New York bank with my German-style body as collateral, I will be able to receive quite a generous amount of money as not only the real estate value but also the historical value is recognized.

will make it so

Now that you have calmed the naval department that was about to run rampant, all you have to do is focus on solving the problem.

From now on, it was a money war.

“Once you can raise your investment in a hedge fund, it’s great… I’ll have to call Roosevelt.”

I went straight out to the hotel hallway where the phones were on every floor and picked up the handset.

Since I asked Roosevelt to raise funds, I think he could attract money from New York wealthy people or politicians.

‘Do you want to raise one million dollars…?’

Tour…..

Click.

“Oh, it’s me, Frank. Is there Chris in the room next door?”

I picked up the receiver and walked around the hotel lobby.

The hedge fund I talked to FDR and Chris at the previous Groton School, the draft alone had exceeded $110,000 in size.

110,000 dollars is about 3.3 billion in modern Korean Won.

Frank and Chris said they would attract investors, so I don’t know how much now.

– Morgan. The White House Charity Party must have ended sooner or later, where have you been missing for a week?

“Don’t be surprised, Frank. Because it has signed a contract to supply Coca-Cola with the Ministry of the Navy. We can also build dozens of factory lines.”

– US. NAVY?! Oh my God, Morgan, did you really sign a contract with the Navy?

“okay.”

– Good. If you pay the U.S. Navy’s military service, sales for a year are good enough. The Navy alone. Oh my god, how many people end up drinking Coca-Cola?

I thought Frank would like it. Frank, who had his eyes on warships in the Navy, was such a naval boy that he wanted to go to Annapolis instead of Harvard.

“But there is a problem.”

The unwritten rule of Wall Street is that information must not be hidden, whether it is beneficial or unfavorable to investors.

I told Frank everything about JP Morgan Bank and Jack Morgan. Even the fact that loans are suspended, and speculative grade Coca-Cola Company bonds are floating around in the market.

‘Modern finance is credit itself.’

– In other words, your half-brother blew an uppercut in your midge? It must have been tattered like a rag.

“Frank, the Coca-Cola Company just signed a military contract with the Navy yesterday. In the draft alone, there are already dozens of naval bases, including Portsmouth, Annapolis, and Norfolk naval shipyards. The condition is that the Navy will even provide a site for the factory.”

– Then why did the bank refuse? It’s called the Navy!

“Why? J.P. Morgan’s f*cking Jack-Morgan puts on a show because he wants to twist my hair like chicken hair.”

Silence passed over the receiver.

– Oh, okay. Does this mean that our fund should buy Coca-Cola bonds?

A future 4th term president.

Understanding the context is player level.

“uh. I’ll issue you a convertible bond (CB) option that can be exchanged for stock. The interest rates are also high, so to be honest, I think I’ll pay it all off early next year.”

As for the rate of return, Frank was convinced.

If the Maine sinks and the US-Spanish war breaks out, military procurement sales will break through the roof and rise vertically.

Besides, you can ride Pulitzer, Hearst’s yellow press?

you should eat this

‘There is no loss from the perspective of the fund.’

The discount rate of the bond.

If you buy junk bonds (speculative grade bonds) at a smashed price, the yield will soar at maturity.

High interest rates are a bonus.

Suddenly, the receiver chimed.

beep profit.

– Hey, Morgan. If the three-month bond is enough, I’ll pick up the mulberry. Oh, money is copied!

Kris?

Frank went somewhere, and suddenly a chirping voice began to be heard from the handset.

“Chris, what about Frank?”

– Are you calculating a bunch of checks?

Check ‘bundle’?

I swallowed saliva.

Isn’t that the amount of money that Frank has to count on his own?

– Morgan. I’ve been raking money from my Irish friends, are you interested?

“……Will you bark? For some reason, I think I might be able to roll it now.”

– Whoops!! Oh wait. Frank comforts me by handing over the receiver.

“Frank.”

– Uh, Morgan. Did you ask your father, who is a vice president of a railroad company? But after careful listening to my explanation, my father said he was okay with your friend and asked them about it…

“Did you give it to me?”

– Hang on a minute, I’ll join Chris and I’ll tell you.

write it grabbed the back

I will reveal it in 60 seconds. I hate this so much. I waited for 10 seconds, feeling the magic that 1 second felt like aeons.

I’ll have to grab some Coca-Cola and drink it.

profit.

Then, a voice came from the receiver.

– 10 million dollars.

“Pop-!”

Without realizing it, I spit Coke at James who was in front of me.

James wiped his face with a handkerchief and looked at me with cold eyes.

sorry. I couldn’t help it.

– We have 10 million dollars showing interest in our fund. Not confirmed yet. It’s from now on that they get their attention.

“…Anyway, 10 million dollars, right?”

– Uh, I’m holding a bunch of checks for a million dollars. Checks are confirmed funds.

“crazy.”

At the end of the 19th century, one dollar was worth about thirty dollars today. Roughly converted, $10 million was a huge sum of KRW 300 billion.

A check for one million dollars is enough to pull the mulberry for 30 billion dollars.

‘for a moment.’

In 1919, when the Coca-Cola Company was sold in the original history, it was $25 million.

Even in 1919, a dollar was worth about $10, so 250 billion?

“You still have 50 billion left?”

***

There were a few facts I had overlooked.

The fact that the Great Depression had come to an end, and that the financial markets of wealthy people and politicians had dried up like a drought at a time when the crisis of 1893 had just ended.

In addition, the asset value was scratching the bottom due to large-scale mergers and acquisitions and asset sales through restructuring.

‘Dollars evaporate even if you just sit still.’

It must have been fear itself for the wealthy.

In a word, the giants of the political and financial world were now in a situation like a cat on fire.

Then, ‘Morgan’, who said to safely call hidden funds, appeared like a rising god?

– Shut up and take my money!

This is how the story ended.

Whoa…..

‘Even if they don’t see any damage, they’ll think it’s worth it. Even if only a reasonable rate of return is guaranteed, the main battle will be saved.’

As a matter of fact, an asset suffers a loss just by maintaining it.

This is because inflation is swept away by storms, and I think that New York’s wealthy and politicians are using our funds with the intention of preserving their money.

‘Originally, these impulsive funds would be washed away like a wave when there was a loss, but the Coca-Cola Company has a military supply contract with the Navy, so it’s like a safe asset. It doesn’t apply to me.’

rather good

In other words, it is a golden opportunity for the wealthy and politicians of New York to envision a hedge fund in their head. In addition, the upper-class viral marketing was very powerful, so for me, it was a one stone two pair.

But investors weren’t the only New York giants.

“So, Chris, you’re saying that the Irish mafia are also a dogggin?”

– Morgan, not all Irish are mafia.

I could hear Chris’ cool voice over the receiver, but I covered my ears.

Where to take the bottom off.

He spoke calmly to Chris in a blunt tone.

“I don’t think it’s a very clean fund, though? If you are confident, take a tax audit by the National Tax Service. Can you report me now?”

– ….. That is undeniable.

“…….go away.”

FDR drew 6 million, Chris brought 4 million. A $10 million superfund was created.

‘It’s not confirmed yet.’

If you really have an investment of 10 million dollars, as I said, it is difficult to enter the New York Stock Exchange. In other words, the only options left are direct M&A, equity investment, or block deals in the over-the-counter market.

However, if the size of hedge fund funds grows beyond a certain level…

‘I will reign as one of the monsters in the New York Stock Exchange.’

Railroads and big New York banks.

They can be on the same level as them.

‘It’s still a story in the distant future, though.’

＜ The first hedge fund. (1) > end