It is not very bad to say that Fan Wubing’s view of Soros is not very bad. As a partner, Soros, who is in charge of Quantum Fund, is a competent and successful manager. Since its establishment, his Quantum Fund has been increasing at a rate of 35% per year, which is not comparable to others.

Soros's profit method is very simple to say, it is just the four words "leverage principle", but it is more troublesome to operate. Not to mention that ordinary people cannot control it, even many senior fund managers cannot be so skillful and so skillful.

Although the history of losers is the best medicine to enlighten later generations, and only by truly summarizing failure is the permanent harvest, everyone is always willing to summarize the experience of successful people and even analyze the secrets of their success, because everyone wants to succeed and everyone wants to be the master of wealth.

When people summarize Soros' success, they say that he used the principle of leverage. Some people say that he was following the trend. Of course, some people call him the embodiment of disaster. Of course, this is aimed at the losers who acted opposite him.

The application of the leverage principle of financial futures and foreign exchange comes from commodity futures. The original intention of inventing commodity futures was to regulate the price fluctuation deviation when trading agricultural products. The hedging (also known as hedging) game rules formulated to enable people who buy spots to avoid risks, but were eventually applied to metals, stocks and exchange rates.

Chinese Kung Fu often mentions that people with high kung fu do not use brute force, but use a kilogram to make a kilogram, which means using only a kilogram to make a kilogram to make a kilogram weight, which is used to describe people using a little bit of wisdom to make a great cause of conquering nature.

Futures adopt the margin system. Since futures buy and sell contracts, margin is based on the value of the contract itself. If the contract is worth 100,000 US dollars or set its leverage ratio to 100, the margin requires 1,000 US dollars. In other words, you only need to use 1,000 US dollars to have the right to buy and sell the contract itself. The contract itself has data that reflects its own rules. When you intervene in the transaction, you start your journey of making small profits. The capital of this thousand US dollars may bring you 10,000 US dollars and 100,000 US dollars. At this time, it is completely in line with the statement that it is a big deal.

However, once you operate against the trend and challenge the laws of nature arrogantly, you will have to helplessly accept the judgment brought to you by the laws of nature. Naturally, those who follow will prosper and those who are against each other will perish.

When Soros swept through the Asian financial industry, admirers even more attracted themselves. Almost all domestic securities, futures and foreign exchange theory textbooks record Soros' two myths as textbooks. Almost all elites who are interested in financial securities, futures and foreign exchange industries take Soros as their idol and his goal.

Looking at Soros' Superman Record, he made him sniping the pound and swept Asia with the trading methods of short selling, which means selling. The rules of buying and selling are to buy low and sell high. In the rules of the futures game, they follow the natural laws of the trading market, just a little adjustment, that is, when selling high, it can reverse the order of buying and selling first and then buy back. If you sell at a high price, you will make a profit. At this time, the contract data will become smaller and smaller, but if you think it is sold at a high price, in fact, the contract data will become larger and larger, so you can only buy it at a higher price, and you will lose.

Soros' short selling is no longer the meaning of making money. In 1992, short selling of Britain directly led to the withdrawal of the European exchange rate system. In 1997, shorting Southeast Asian financial futures led to the paralysis of the Asian financial system. This made his short selling almost a curse. This made his admirers fascinated and even lost every order.

He also has bullish times, but it is relatively rare. For example, in 193, he believed that the price of gold will continue to rise soon, so he bought gold and made a big profit. However, the sharp rise in gold indicates a sharp drop in the US dollar. Fortunately, after his shipment, gold fell sharply, causing the US dollar to re-enter the stable track.

But now Soros is almost synonymous with empty space. As long as he appears, everyone will think that there is something wrong with the financial system wherever he appears, and then conducts short-selling operations on a large scale. This is also the most troublesome thing Fan Wubing feels. It is also the most troublesome thing for financial market managers around the world.

In fact, according to Soros himself, he came to the war in Southeast Asia and was also in a frustration, but not in Hong Kong, but in Indonesia. The reason is that they overestimated the Indonesian government's ability to withstand the short-stopping land was a bit conservative.

Before Soros took action against Hong Kong, the price of assets in Hong Kong, especially real estate prices, had already bubbled. In addition, the long-term real interest rate was negative, which led to the prevalence of real estate speculation. In thirteen years, the prices of major properties rose twelve times, which caused the local economy to overheat and soar in wage levels and stock markets. The Heng Index

Within one month, it hits a record high eleven times. Hong Kong has appeared in all-people stocks

Therefore, Soros believes that the real estate bubble has also caused the economic environment to deteriorate, causing production and sales costs to rise, and the inflationary pressure in Hong Kong has gradually accumulated. According to the purchasing power parity theory, the Hong Kong dollar has a tendency to depreciate in the future.

Moreover, they believed that maintaining the linked exchange rate system was expensive and believed that the Hong Kong SAR government could not survive, so they decided to attack the Hong Kong dollar, but they did not consider the central government's support for the SAR. Once Hong Kong returns, the forces behind it can suddenly grow.

The macro hedge funds under Soros jointly built the market in Hong Kong's foreign exchange, stock market and futures market, launching a three-dimensional attack on the Hong Kong dollar in all aspects. First, they shorted the Hong Kong dollar in exchange for US dollars, and at the same time shorted the Hong Kong dollar futures, then shorted the Hong Kong dollar spot in the stock market, and sold a large number of futures contracts in the Hang Seng Index futures market.

In January and June this year, when the Indonesian rupiah and the yen plummeted, Soros' hedge funds sold Hong Kong dollars respectively, but under the resistance of the Hong Kong SAR government, none of the three attacks destroyed the Hong Kong dollar.

However, since August, the situation has changed. The foreign exchange market's speculation atmosphere for the Hong Kong dollar has accumulated, and various rumors have spread, and market confidence is in danger. On August 5, with the cooperation of the US stock market falling sharply and the Japanese yen exchange rate plummeted, hedge funds launched the fourth impact on the Hong Kong dollar.

Another important reason is that Ross believes that mainland China is busy with flood control and does not care about Hong Kong anymore, and Fan Wubing has invested huge amounts of funds in Indonesia, so cash flow is obviously impossible to support him in supporting the Hong Kong SAR government to deal with the impact of international hedge funds.

Fan Wubing is, Soros is very accurate in timing, but he only guessed that one thing he was wrong is his actual asset size and the reason he had to take action because he wanted to protect the Hong Kong market from being too severely damaged.

It can be said that if necessary, you can withdraw more than 100 billion US dollars of funds, but this action will appear to be relatively large and the changes will be very serious, which is enough to cause severe turmoil in a market.

You know, the asset size of the entire Xiang stock market is only hundreds of billions of dollars. How many families will be destroyed after making such a struggle?

Fan Wubing is no longer the one who is now Fan Wubing. Although he is still free and easy on some issues, he still has some considerations in humanitarianism. You can't make people angry because of your own selfishness? Some of Soros's practices are worth discussing.

Under the banner of helping other countries recognize their mistakes in the gold system, they wantonly plunder other people's property, and then say very innocently that I am just for making money, which is more despising.

Fan Wubing believes that if you say bluntly that I just want to make money by taking advantage of loopholes in your financial system, it would be fine, but it would be very bachelor, but if you are not as good as that and have to set up a archway, you would be too heroic. In particular, Soros and others are not the kind of people who make money secretly. After winning, they will have to promote the world, and then publish some textbooks, memoirs and other things to cheat some royalties, and then promote your own values ​​and other values ​​to pave the way for your next economic invasion activity.

You should not be as shameless as a human being.

What made Fan Wubing feel that he could not stand by was that while closely monitoring the mainland's flood disasters that had not been encountered in a century, all sectors of Hong Kong are actively holding various activities to raise funds for the victims. At present, hundreds of millions of yuan have been around. Although Hong Kong's economy has been affected by the financial crisis and everyone has not had a good life, their enthusiasm is still very high in this matter.

This moved Fan Wubing a little, so he decided to communicate with Soros. It would be better for everyone to solve this problem calmly, and it would be better for both sides to make a big fight. In order to make the small amount of money of one billion or eight billion, he made the entire Hong Kong market turmoil.

So Fan Wubing called Davis and asked him to contact Soros secretly, preparing the two of them to meet somewhere.

Davis was a little interested after hearing this news. Although he was a high-income class, he was just a staff member who worked for Fan Wubing. If he could chat with the world-renowned Soros for a while, he might have some unexpected gains.
Chapter completed!