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As soon as she entered the door, Chen Qing rushed over: "Boss, you are really amazing."

Simon stood in the porch with a smile and raised his foot to let the maid change his shoes, saying, "What a coincidence, I always feel that way."

"Oh, but on Wednesday, signing a cooperation agreement with IBM in the morning and announcing a big price cut for YWS in the afternoon was too much of a loss. Boss, although Igret can definitely afford a price war, it's not necessary, right? I think just signing a cooperation agreement is enough."

The two of them walked into the living room while talking.

Simon didn't answer immediately, but asked, "Where's Ah Su?"

"She just went out to buy some things, and we plan to cook something delicious for you tonight."

Simon nodded, and the two sat down on the sofa in the living room. Seeing that Chen Qing was still staring at him brightly after finishing speaking, he said, "This is the original plan. Our YWS, if you pay enough attention, should Understand, it’s very different from some other traditional data centers.”

Chen Qing clung softly to Simon's side, and said, "I know, cloud computing."

"Yes, cloud computing, in addition to maximizing the benefits of data center resources, another advantage of this technology is that the larger the scale, the lower the relative cost. In fact, from the very beginning, compared to other providers For companies with similar services, Eaglet’s profit margins are very generous. It was only in order to avoid peer vigilance that we set relatively high prices. Now, Eaglet’s data centers continue to expand in scale, and the relative cost is lower. With a reduction of 15%, our gross profit margin is still far higher than that of other peers.”

"Does this mean that the price will be lowered in the future?"

"Yes, in the final analysis, in business competition, compared with technical barriers, low prices have always been the most direct and effective moat. As long as your price is low enough, you don't need to worry about the emergence of competitors. Cloud computing technology, although Igret was a few years ahead of its research and development, but this technology, which had already been proposed in the 80s, was not difficult to overcome. The most effective way for Igret to ensure its own first-mover advantage was price. "

Chen Qing thought for a while, and said: "Well, let me guess, after the Nasdaq crashes, Igret will definitely lower the price again, and the price cut will be far more than 15% this time. At that time, the bubble will collapse. With price competition, other industry rivals will no longer be able to catch up with Eaglet.”

"bingo."

Speaking of it, the reason why Amazon used to occupy half of the global cloud computing business is not the key to leading technology research and development. Speaking of it, it was actually Google that first developed a mature cloud computing solution in order to save costs.

The key to why Amazon can become king in the cloud computing business is price. Even when the company has no competitors at the same level, it realizes that its profit margins are too large, so it takes the initiative to cut prices and cut prices again. When the huge cost is getting lower and lower, it has created an insurmountable commercial moat for itself.

Other follow-up companies, because the size cannot be compared with Amazon, and the relative cost is higher, they can only compete with Amazon with long-term losses. As a result, it is conceivable that although they can eventually obtain a part of the market, they cannot be compared with Amazon after all. .

Therefore, for Ygret's YWS business, Simon personally intervened and finalized the same strategy.

This 15% price reduction is just the beginning.

With Eaglet's current data center size 10 times that of other peers, it is impossible for Microsoft or IBM to form competition. Even in the expected cold winter of the Internet industry after the burst of the new technology bubble, other competitors can If you can't survive, it will be a big problem.

In the living room, after talking about this matter, Chen Qing asked curiously again: "Boss, the Nasdaq is now at 6400 points, how high do you think you can go in the end?"

Simon could only shake his head at this: "I really don't know about this."

How high the Nasdaq can go is probably something that everyone who pays a little attention to new technologies is curious about.

Compared with the Nasdaq turning to collapse around 2000 points in March 3, this time, even Simon is not sure at all.

In fact, Simon had considered this issue a long time ago.

First of all, it can be confirmed that the Nasdaq's current high of 6400 points is still not too out of control.

Because this time, compared to before, the new technology market has more Igret, a giant with a current market value of 7700 billion U.S. dollars. It also had a market capitalization of $3217 billion at Friday’s close.

The combined market capitalization of these two companies, which have never existed in history, exceeds US$1 trillion, which is basically enough to support the 1000-point Nasdaq Index.

On the other hand, compared to the time when the Nasdaq shattered the Internet industry around 2000, the Internet industry is still in its infancy. Because Simon has spared no effort to promote the power of the entire Westeros system over the years, the Internet industry in the United States, whether it is user scale or The development of enterprises is at least 5 years ahead of schedule.

Let’s talk about the former Yahoo. When the Internet bubble burst around 2000, it supported the company’s market value of 1000 billion U.S. dollars, with only a few hundred million U.S. dollars in revenue.Now Eaglet is just one company, and its revenue has reached more than 300 billion U.S. dollars.

Others, such as Cisco, America Online, etc., have developed far more than ever.

This actually means that, compared with the previous bubbles, this time the relevant industries have real performance support, and the bubble components are far less than the original time and space.Therefore, after crossing the previous 5000 points, how high the Nasdaq can go this time, let alone others, Simon himself has no clue at all, and can only take one step at a time.

Chapter 1096

Simon's "take one step at a time" for the new technology industry is to sit firmly on the Diaoyutai.

In the past 1996, the Westeros system has already completed the response measures to the situation after the new technology bubble burst ahead of schedule. At this time, each core new technology company has a considerable cash reserve in its hands, and at the same time no longer participates in the Excessive speculation.

For Julian Robertson, the head of the Tiger Fund, these days, it is like sitting on pins and needles.

As a staunch bearish on the new technology industry, Robertson initially believed that the Nasdaq index would turn around in December last year, and it would not last until January at the latest. Therefore, even without Richard Mellon Scaife's On the sidelines, he actually planned to suppress all the wealth of the Tiger Fund, just for a fight.

However, December 1996 has passed, January 12 has passed, and now, the time has entered February 1997.

Compared with the 11 points just after the U.S. election on November 6 last year, the Nasdaq not only did not turn around, but in the past Friday, despite the pressure of their short capital, the Nasdaq index still hit a new high. It reached a high of 5426 points.

In three months, the cumulative increase has reached 18%.

Tiger Fund started building positions after the general election last year, and it was completely completed in late December. With a total principal of about 12 billion U.S. dollars and an average leverage of three to five times, the size of various short contracts held was close to 120 billion U.S. dollars.In the past Friday, the book losses of all short positions totaled 500 billion US dollars, and the loss has exceeded 73%.

More than half the loss.

Due to the large size of the position, in order to ensure a sufficient margin ratio, Robertson has had to close some positions.

Now, the most important question that the hedge fund tycoon who has risen with Soros in the past ten years has to face is whether to completely liquidate his positions and admit defeat.

Or, a last-ditch effort?

Julian Robertson firmly believes that no matter how flexible the economic bubble is, it cannot escape economic laws. Anyone with a discerning eye understands that the Nasdaq’s bubble is already very serious and may burst at any time, even if the vested interest groups headed by the Westeros system use the power of the entire country To continue the life of the Nasdaq, the result cannot be changed after all.

Perhaps, it is tomorrow!

new York.

Even though it was Sunday, for most of the day, Julian Robertson was still working in Tiger Fund's headquarters in the downtown area after three o'clock in the afternoon, mainly trying to appease investors from all sides.

It was a sunny day at the end of winter.

Still very cold.

It was close to four o'clock, leaving his office, Robertson drove to the Upper East Side, and met his old friend who had known each other for many years in a coffee shop, another hedge fund tycoon, George Soros.

The two greeted each other and sat down, and waited for the waiter to bring coffee to leave. George Soros looked at Robertson who was looking at the slanting sunlight on the building outside the window, and asked, "So, how are you doing?"

Julian Robertson came back to his senses, took a sip of some hot coffee, paused, and said, "I plan to wait another month."

Soros didn't take the liberty to inquire about how much the other party had lost. After thinking about it, he was more than half sure, and after a moment of silence, he said: "Or, it's not bad for you to clear your position now, and bet on Southeast Asia with me. If everything goes well, you should be able to recover most of the losses this year." loss."

Julian Robertson shook his head, showing a wry smile: "George, you should know that I am liquidating now, and investors will definitely demand liquidation. I have no chance to turn to Southeast Asia."

Soros could only be speechless again.

The fact that Robertson said is that hedge funds are high-risk investments. Everyone knows this. However, if they lose too much, investors will still ask to withdraw their funds.

It can be said that unless there is a miracle in the future, the only way for Tiger Fund to go is to close its doors.

Soros, who has been quietly deploying in Southeast Asia since last year, did not participate in betting on technology stocks, but he has always been paying attention to the trend of the Nasdaq market. As of the close of the day before yesterday, 6437 points, in his opinion, have fully reached To an outrageous level, you know, at the beginning of this decade, in 1990, the Nasdaq was only around 300 points. In just seven years, it soared 20 times. No normal stock market in any country can reach this level.

However, it is obviously not normal, everything is still happening.

No one can even see the end.

Soros has recently become more and more convinced that Igret is very likely to become the first company in the history of the US stock market to reach a market value of 1 trillion US dollars.After all, compared to many other second- and third-tier small technology stock companies, Eaglet is indeed very successful. Even based on the market value of 7731 billion US dollars at the close of Friday, the price-earnings ratio is only 221 times.

Well, 221 times does not seem to be suitable for the number of "talent", but if compared with many companies in the Nasdaq market whose price-earnings ratio has exceeded 500 times or even 1000 times, 221 times is already quite a healthy indicator.Eventually reaching a market value of 1 trillion, this figure is only about 280 times.

With Eaglet’s annual revenue exceeding 300 billion U.S. dollars, it can still maintain a strong momentum of annual growth rate of more than 60%, and its price-earnings ratio of 280 times is completely no problem.

It was just a weekend get-together between two old friends, and Julian Robertson didn't intend to ask Soros for help. Soros made a suggestion of his own, but Robertson didn't accept it, so he didn't say more.

The topic then becomes casual.

"Say, what is that kid doing now?"

Seeing Julian Robertson asking about this, Soros smiled a little gossip, and said, "He must be in New York now, maybe you have heard that he made the girl from Lauder's family pregnant, although he didn't I plan to get married, but I'm still responsible, and I come to visit every week."

Julian Robertson followed with a smile: "It seems that you are not well-informed. In fact, more than one woman is pregnant."

Soros just smiled.

In fact, of course I know.

However, in Soros' view, the child conceived by the Lauder family girl is the most important thing.Because, after that child is born, he will have another identity, being a Jew.

At the beginning, he also attended a certain party.

Everyone still doesn't know the ethnicity of Simon Westeros himself, but now the Westeros family has a Jewish child, and, according to the latest news, it is still a boy, and the young man quite recognizes this heir So, many things will be very beneficial to the Jews in the future.

Julian Robertson noticed Soros' clear smile, and he probably understood something. He was not Jewish, and he didn't comment on it rashly.

Racial issues have never been avoided in Western society.

Taking a sip of coffee again, Julian Robertson finally felt a little emotional, even slightly unconvinced: "George, tell me, how did Simon do it that time in 87?"

"Who knows," Soros could only shake his head when he heard Robertson talk about his fiasco, "That time...Frankly speaking, I believed that he was a psychic, otherwise it would be impossible to make such an accurate prediction. Sentence."

If there hadn't been a huge fortune in the stock market crash in 87, a certain young man would probably still be just a Hollywood director at this time, even the top-notch one.

Ok.

Not right either.

Even without the one in 87, if the opponent bets on the Internet in advance, at least they can create Ygritte at this time.

No, it doesn't seem right either.

The birth of Igret was completely completed with the cooperation of the entire industry chain, such as America Online, Cisco, and even personal computers in the hardware field and Internet peripheral products of Tinkobel.Without sufficient Internet infrastructure support, it is impossible for Ygritte to develop to this level.

As for Cisco and America Online, they need funds, and they are supported by large sums of money.

These are not so easy for a director to do.It is not an exaggeration to say that one person has pushed the entire Internet industry to where it is today. If there is no other person, perhaps the Internet at this time is still in the groping stage.

So, after all, it's that one time in '87, let someone have enough capital to do it.

Thinking of this, Soros shook his head slightly, and said again: "In any case, Simon has completely jumped out of our level now, let's just say that this time, in the past few days, how big the disparity in strength has been, I think you should have some experience Well, it’s just that Simon is doing things within the rules, if he breaks the rules, and the Westeros system now fully possesses this kind of strength, then you must not be in the mood to drink coffee with me now.”

Julian Robertson wanted to refute, but after a pause, he could only acquiesce in the end.

Don't admit it.

Moreover, what Julian Robertson had to admire even more was the young man's layout vision.

There may be many people who can suddenly get rich in just ten years and become the super tycoons at the top of the world's richest list. However, under normal circumstances, those who suddenly enter the top of the pyramid often lack enough wisdom to make other arrangements. Provide protection for your own business empire.

Because people's time and energy are limited.

In just a few decades, it is very rare to be able to do one thing to the extreme.

Simon Westeros has enough wisdom to achieve the ultimate in many things at the same time. This is not just that cleverness can solve it. Smart people in this world never mention it, but often the smarter the person, the less understanding of the world Know how to move around, because only time can provide the wisdom of dealing with people and dealing with others.

The question is, Simon Westeros, where did he get all the time?

All these questions, unless Simon Westero himself is willing to disclose, will probably always remain a mystery.

Manhattan, Upper West Side.

While the two old men were drinking coffee together, Simon was preparing dinner with the two women himself.

It is to experience a certain feeling of home.

The Spring Festival is coming up in China, Chen Qing never thought about going back, because Lin Su, who was pregnant and inevitably had various worries in her heart, did not return to China to celebrate the New Year with her family this time.

Simon didn't feel anything at first, but he didn't realize it until he noticed Lin Su's depression.

Not indifferent.

So comfort and make up for it as much as possible.

However, after spending an afternoon by himself, and even driving Chen Qing away this night, he and Lin Su enjoyed the two-person world alone. The next morning, when he accidentally found the tear stains on the corners of the eyes of the woman in his arms, Simon realized that the matter was still the same. It's serious.

After a little heart-to-heart talk, I generally understand.

Pregnant women should be sensitive after all.

Although Lin Su usually looked shrewd and capable, especially in front of Chen Qing, she finally refused to admit defeat. Although she was always bullied, her character was definitely not weak.

However, after pregnancy, as a woman with certain traditional Chinese concepts in her bones, it is inevitable to worry about gains and losses.

Even if Simon promises that future children can clarify the surname 'Westero'.

However, for a woman without a proper marriage and a real status, it is difficult for people to feel a sense of security after all.

Simon Ben interrupted his return to Los Angeles on Monday. Seeing the situation, he discussed with the two Jenny privately and made a decision to bring Lin Su back to China to celebrate the New Year together.

Do something by the way.

This day is February 2rd, Monday. According to the Chinese lunar calendar, it is the 3th of the twelfth lunar month, and there are only three days before the New Year.

Knowing that Simon was going to bring him back to China to spend the Spring Festival with him, Lin Su felt that something was wrong.She is very clear that men are far less leisurely than imagined, and if they go to China for the New Year, at least, um, they probably won’t be able to come back for a week. Last week, there was a long-short market on the Nasdaq market. During the confrontation, the media on the weekend was still full of heated discussions. What if something happened during the time away and he couldn't deal with it in time?

Simon didn't talk too much nonsense with Lin Su about this.

At the current position, if you don't even have the freedom to leave as you please, then what's the point of everything?

So headed straight for the day.