America’s Road To Wealth

  Chapter 345 The Repercussions of $45.8 Billion Profits

   Morning of the 16th.

  The largest newspaper in the United States with the largest daily sales volume.

  The Wall Street Journal, which just changed from monotonous black and white to a color newspaper last year, came out today.

  If any readers buy it, they will find the headline on the front page of the "Wall Street Journal" today. The headline is——

   "Who is the most profitable company in the United States?" "

  【As we all know, General Electric has become the company with the highest market value in the US stock market for seven consecutive years. In 2000, General Electric's sales revenue was $129.9 billion. Net profit of $12.7 billion ($1.27 per share)]

  【The second place is Wal-Mart. Wal-Mart Supermarket Group’s total retail sales in 2000 was 135.013 billion US dollars, earnings per share were 1.45 US dollars, and adjusted earnings per share were 1.38 US dollars. Net profit was US$4.141 billion]

  【These are the top two, we can look at the data of Ford Motor Group last year. Last year, Ford Motor Group had global sales of $170 billion and sold a total of 7.4 million vehicles. The net profit attributable to the parent was US$5.4 billion. 】

  【Then there is Microsoft, the overlord of high-tech Internet companies. Microsoft's total operating income last year was 22.96 billion US dollars, and its net profit attributable to its parent company was 9.42 billion US dollars. 】

  【Finally, let’s take a look at Berkshire Hathaway, one of the giants in the financial industry, Warren Buffett. Berkshire Hathaway increased by 0.5% per share last year, and by calculation, its net profit is about 7 billion US dollars]

  【These five companies are all No. 1 in different fields in the US stock market. These five giant companies, except for the Ford Motor Group, each have a stock market value of more than 100 billion US dollars. 】

  【Among them, Wal-Mart and General Electric have a market value of more than 300 billion US dollars. At the beginning of 2000, the market value of Microsoft even surpassed that of General Electric, breaking through 400 billion U.S. dollars. After the Internet bubble burst, Microsoft was implicated by it, and its current market value is about 267.9 billion U.S. dollars. 】

  【Berkshire Hathaway has a market value of $165 billion and Ford Motor Group has a market value of $65 billion】

  【Readers who read here can simply add up, that is, the five Big Macs in the industry in the US stock market, what was their total profit last year? 】

  【The answer is $38.95 billion. The top companies in the five major industries in the United States had this figure in their profits last year. 】

  【Then let’s look at another company’s net profit from November 2000 to November 2001】

  【The name of this company is Smith Capital, which must be familiar to many readers. 】

  【The total profit of Smith Capital this fiscal year was 45.869 billion US dollars. The net profit attributable to the parent was US$42.8 billion. 】

  【Seeing this, I would like to ask readers a question. That is how much bigger 428 is than 389.5? 】

  【The answer is 35.5. 】

  【That is to say, the profit of Smith’s company for the whole year this year is 3.55 billion US dollars more than the combined net profit of the five leading companies in the United States last year. 】

  【The net profit of General Motors Group last year was about 3.785 billion US dollars. 】

  [In other words, add a General Motors Group to the five companies of General Electric, Microsoft, Wal-Mart, Ford Motor Group, and Berkshire Hathaway. 】

  【The combined net profits of these six companies in 2000 can exceed the profit of Smith Capital for the whole year of this year】

  【For another algorithm, the author checked the financial reports of 5000+ listed companies in the US stock market last year. 】

  【After summarizing the data and excluding those listed companies with poor management and negative profit losses. The author found that Smith Capital's net profit this year is roughly equivalent to the sum of last year's profits of the 300 or so U.S. listed companies with the lowest profits! 】

  【Readers who see this must already understand the question in the title and what the answer is. 】

  【Yes, except for the Fed and the IRS! The most profitable company in the United States last year was Smith Capital. 】

  【And the founder and operator of this company must be familiar to everyone. 】

  【He is Mr. Abel Smith, the richest man in the world on the Forbes list this year, a young man who will not turn 22 until April next year, a.】

  【.】

  The reports and articles of The Wall Street Journal, as always, pay attention to data and rigor.

  It will put all the usable data it has found into the newspaper for readers to watch.

  This approach makes its reading experience not very good. At least one must have a certain degree of education and a certain mathematical foundation to be able to read its articles throughout.

   Even so, its sales are still stable and exaggerated, and it is the number one selling newspaper in the United States.

   It can be seen from this that basically the most educated daily readers in the United States will have the habit of reading the Wall Street Journal.

   Otherwise, why don’t you read newspapers such as the American Sun Daily and the New York Post, which are lighter, have more explosive headlines, and have more entertaining content?

  In the United States, to put it bluntly, The Wall Street Journal is the largest financial and current affairs news daily.

  The "New York Times" needs to add the "Los Angeles Times", and the two major newspapers on the east and west coasts can be compared with the "Wall Street Journal" in terms of sales.

  Such a huge daily sales volume means that its readers spread over a very wide territory.

  Basically in the entire United States, as long as it is an elite class, it can be seen.

  This also means that the matter of "who is the most profitable company in the United States" has also been pushed to the whole country within a day today.

   More importantly, the Wall Street Journal is not the only one making similar reports.

   After all, the annual total profit is 45.8 billion US dollars, and the net profit is 42.5 billion US dollars.

   It was so over the top in 2001.

  The quantitative easing policy of the White House has just begun, and the inflation of the dollar has not been as exaggerated as it will be in later generations.

  In this era when the market value is 400 billion US dollars, it is the most valuable company in the world.

  A company's annual profit of more than 40 billion US dollars.

   Such news is roughly equivalent to the exaggeration of a company with a profit of 300 billion+ US dollars in 2021.

  Because the other five companies with the highest net profit in 2021, their combined net profit is only about 240 billion US dollars.

  The names of these five companies are Apple, Tessa Aramco, Neon Softbank, Huaxia Commerce and Industry, and Microsoft.

   Such a big news, not only the "Wall Street Journal" immediately reported it.

"New York Times", "Los Angeles Times", "USA Today", "Washington Post", "New York Post", "Chicago Daily" and so on, etc., all national daily newspapers in the United States also published similar news reports .

  The "New York Post", which always likes to use amazing headlines to attract readers' attention, directly used the title of this report today-【Who Can Buy America? 】

   So many newspapers published it, plus that staggering number.

  Even ordinary people who don't care about these things can't help but read these reports.

   As a result, at the noon break today, shares of American Express surpassed $45 for the first time, jumping 11.1%.

   The reason behind this crazy run in stocks is simple.

   That's Abe Smith, the "must have" for American Express, who has money to this extent.

  Then if he really wants to buy American Express, isn't it just a matter of one year's profit for him?

  He can earn an American Express this year, so if he really wants to buy American Express, isn’t it just a matter of signing a check?

  Then don't buy more stocks now, and when Abel comes to take over the order, wouldn't you make a lot of money less?

  The experts on those stock forums, as well as the traders of those stock companies, anyway, this is how they analyze their customers.

  The market situation is hot, and a large number of institutions have also begun to compete for small funds.

  After the astonishing profit of Smith Capital this year was announced, it aroused the envy and hatred of the whole United States and even the whole world.

  The leeks who bought the shares of American Express all hope to share some benefits from Abel.

   But just as everyone was waiting for Abel Smith to come over to take over.

  Noon on the 16th.

  The latest issue, the biweekly "New York Observer" released on November 16, published a small interview with Abel Smith.

  In this exclusive interview, there are authorized pictures of Abel Smith, which were published by "The New York Observer", Smith's most important magazine.

  This also means that it is likely to reveal Abel Smith's attitude towards American Express.

  After hearing the news, all the people who invested in the shares of American Express bought a copy of the magazine in a panic.

   Let the magazine's sales in this issue increase by at least 100% compared with the previous issue.

  In fact, the interview did reveal Abel Smith’s attitude towards American Express.

  In the interview, the reporter asked "Why do you want to buy American Express".

Abel Smith said: "When I first came to New York and made money, I didn't even know how to live in a luxury hotel. Amex helped me. Its excellent high-level customer service saved me from many problems in this regard. It saves a lot of time and trouble. I want to enjoy American Express’s services better, so I think becoming its boss should be a good choice.”

  The reporter asked another question—"Isn't Amex acquired because of its great influence on Pacific Bank?"

   "If you consider it purely from this aspect. I think BOK Bank, Royal Bank of Canada, Bank of Montreal, Canadian Imperial Bank, etc., have greater cost performance."

"Especially the Canadian Imperial Bank. It has 900 branches in Canada and more than 100 branches in the United States. The key is that it is cheap, and its market value is only 20 billion US dollars. It is what Pacific Commercial Bank should do. Because that will allow us to open up the Canadian market at once and become a large regional bank in North America."

   "Then you acquired American Express mainly for its high-end travel services?" the reporter asked.

   “It’s kind of like that. Of course, it’s an old brand. It’s a good choice in a way to have an old brand like that.”

  The reporter of the "New York Observer", the last question in the small interview was "Do you have anything to say to those investors who invest in the shares of American Express?"

   "Yes. But there is only one sentence."

   "What words?"

   "Investment is risky, and you need to be cautious when investing in shares."

  The interview ends here.

  In this article, the beautiful reporter Ashley of the "New York Observer" wrote more than 2,000 words eloquently, which is very long.

   But in fact, this interview did not happen at all. Abel just mentioned a sentence to David Jones.

   That is the sentence that advised investors after the interview.

  The rest of the content is all made up by Ashley and editor-in-chief Dylan, half guessed and half fabricated.

  But this interview will follow the launch of the new issue of "The New York Observer".

  In just over two hours, it had a huge impact.

  After the U.S. stock market reopens at noon.

   The stock of American Express, which surged 11.1% in the morning, fell by about 1.2% immediately after the market opened.

   Then it went all the way down, until about three o'clock, today's original 11.1% increase has only left about 4.5%.

   In other words, more than an hour.

  It fell almost seven points because of the question of this interview with the New York Observer.

   But then it fell much slower, because experts, masters, and elite commentators quickly stood up.

  They said that this interview was most likely made by Abel Smith, who deliberately released it to suppress the stock price of American Express.

  The more Abel Smith does this, the more he values ​​the stock of American Express!

  Hurry up and buy it, it will be gone later.

  The emergence of these voices stopped the temporary decline of American Express.

  But the rainbow-like rise in the morning cannot be reproduced.

  In the interview, the stocks of the banks that were made up by Ashley and Dylan all rose to varying degrees after the market opened in the afternoon.

  Especially the Canadian Imperial Bank, whose stock price has been sluggish, it actually rose by more than 5% in an hour.

   This is undoubtedly a pleasant surprise for Canadian Imperial Bank shareholders and investors.

  But at this time, none of the banks that were named, their original investors, wanted to sell stocks at this time.

  Most of them bought more. The reason is that what if Abel really loses interest in American Express and comes to buy these banks with lower market capitalization and better acquisitions?

  From the attitude of these investors, as well as the investors of American Express.

   In fact, it can already be seen that it ranked first on the Forbes list, and after 9/11 came out to rescue the market.

  Abel is already in the U.S. stock market, and has the ability to affect the rise and fall of stocks with just words.

  In the U.S. stock market, Buffett was the only one with this ability before.

  So Buffett was later banned, and the stock **** was not allowed to discuss any topics related to stocks and listed companies in the media.

   It is because of some words of Buffett that can affect the stock prices of a large number of listed companies in the United States.

   In contrast, Soros does not have this ability.

  He is the financial sword of Wall Street, very useful when attacking small countries.

   When it comes to internal affairs, even Soros has to be obedient, and if he wants to cut the leeks of the United States, he has to be careful.

   Originally, only Buffett had the ability, but now there is another Abel Smith.

   It is estimated that Buffett enjoys the treatment, and Abel may soon meet it.

   is that he can no longer talk nonsense in the media.

Snapped-

  Lower Manhattan,

  Charlie Brown's Pizzeria.

   Soros, who was sitting in the store, smashed the "New York Observer" magazine that Tims had just brought over on the table.

  The oilman financial capitalist smiled and looked at Abel opposite him and said:

   "Canadian Imperial Bank? I think it's pretty good. I think you should buy it."

   "Okay, then I will listen to you. I will buy it if I have the chance." Abel said with a smile.

  Inside the reception last night.

  The two made an appointment to talk in private.

  Abel will choose the place, and Soros will decide the time.

  Abel chose the location here at Charlie Brown's Pizzeria.

  Soros was even more anxious, and directly set today as a day for the two to talk.

"What do you want to say to me. George, the things in Norway are over. You don't still hate me now, do you? You know, it wasn't that I didn't help you at that time. It was because you couldn't make my heart beat benefits, and Norway took it out.”

   "You know. For people like us, interests are the most important thing. You don't like to say it, you just do it. As for me, I'm not afraid to say it."

"so."

  Abel spread his hands towards Soros, "George, what do you want to talk to me about?"

  Abel said something that Soros agreed with.

  That is, for people like them, interests are the most important.

  Don’t look at Soros as an Oilman, he is always working hard to safeguard the collective interests of the Oilers.

   But that's mainly because he can bring a lot of benefits to himself by doing so.

  Oilers, as a huge financial and media group, gather together to help each other and become a powerful community of interests.

  But if one day, the benefits of betraying the oil people are greater than the benefits of letting Soros side with the oil people.

   Soros will definitely attack the oilman before anyone else.

  Real capitalists can even sell the noose that hangs their own necks, let alone mere races?

  Thinking of this, Soros said softly: "Okay, then I won't be long-winded. I'll just say it directly."

   "Abel."

  The old guy looked at Abel and said softly: "I don't know what you think of Huaxia?"

  Hearing the word Huaxia, Abel couldn't help but cheer up, and he couldn't help saying:

   "You want to attack Huaxia? Come on, their financial control is invulnerable, and it is harder than a tortoise shell. You might as well go to mow Maoxiong Country again."

   "That's true. But what I want to talk about is not China, I'm talking about China's Hong Kong Island. It's true that China's mainland is protected from water and fire, but what about Hong Kong Island?"

  Soros looks at the protagonist.

   "Hong Kong Island."

  Abel pondered for a while, and asked with a smile on purpose: "Are you trying to take revenge?"

  In 1997, Soros came to Hong Kong Island with Yu Wei, who was raging in Southeast Asia, and led international hot money.

  I originally wanted to eat a wave of Hong Kong Island, but in the end I got nothing.

   This is one of his few failure experiences.

  Abel said this on purpose for this reason.

  (end of this chapter)