Wall Street Legend - Chapter 381

  Chapter 381 Trader’s Mistakes

   News is limited to a very small circle, not many people know.

  A small guest ushered in on a small island in New York. She lived on the second floor of the house. Only a few of them signed a non-disclosure agreement, and the nannies who received high salaries every month could get in touch with her.

In the future, I may disclose the news that I have a daughter, but not now, otherwise it will be easy to be guessed. It is a happy event, but it will eventually involve a scandal. Ye Dongqing does not want her child to know about it when she grows up. It’s best not to know this until you have a mature mind.

  Days are on track again.

  I haven’t been busy with business matters for a week in a row. After getting up every day, I am in a good mood to tease the children.

In this way, February came quietly, and Ye Dongqing finally thought of a name for the child. After looking through a lot of Chinese books, she finally decided on the word “Ying”. Originally, the first choice was “Yu”, but Ye Yu (amateur) It sounds like the meaning is not very good, and it was decisively dropped by Pass.

  The nickname is still under consideration, no matter what, the excitement of becoming a father for the first time may last for a long time, a pretty little mixed-race girl.

  Adults must understand that some things cannot be achieved by hard work alone, luck is also very important.

  In Ye Dongqing’s hedge fund company, a trader with a high level of authority recently caused trouble because he mistyped a single digit, which was not discovered afterwards, resulting in a loss of more than 40 million US dollars.

He thought he had emptied his stocks, but he didn’t. He just brewed a cup of coffee and chatted with others. During this period, the Google stock in his hand fell all the way. Tens of thousands of dollars can be pocketed for peace of mind.

There are countless tragedies caused by trader mistakes in history. Some thought that a rugby hit the keyboard and lost nearly 100 million yuan, and some accidentally pressed the keyboard with an elbow and lost millions of dollars. At that time in 2002, the American Bell A trader at Stern Bank mistakenly changed a sell order amount of 4 million dollars into 4 billion dollars. Before the mistake, $600 million in shares were traded, which was blamed for the day’s drop in the Dow Jones Industrial Average.

It’s very interesting to see this kind of thing in the news, but it’s not fun at all when it happens in my company. Ye Dongqing is extremely depressed and worried about how to explain to investors. They invested money, and now they lose part of it. To explain why.

   Shortly after hearing the news, he went out by helicopter.

  There is only one apron on the roof of the Puchuan Building. When I arrived, I found a helicopter parked on it, so I had to borrow the apron from the building next door.

Helicopters are convenient, but there are too few parking spaces, especially in this kind of high-rise city. In the future, there will be a landing pad on the roof of the Cobra Building. In addition, a viewing platform is planned, and it has already started The construction started. After the engineering team settled in, they started to lay the foundation. The main construction was carried out by Bob Betty, headquartered in Texas. The local construction company in New York did not have the strength, but it also made some business from it. This is in Bloomberg City. The result of long-term intervention, the super-rich mayor did not want the tallest building in New York without the participation of New York builders.

  After negotiating with the security guard, I went down the elevator and walked all the way to the entrance of Puchuan Building. There were always strangers greeting Ye Dongqing on the way, and some people wanted to take a photo with him. It was not an excessive reason, so I didn’t refuse.

   To do business in New York, you must have a good relationship with the local people. If you become a good person in their minds, you can save Ye Dongqing a lot of unnecessary trouble and improve your own influence.

After coming to the hedge fund department he founded, the atmosphere was obviously a bit dignified. People already knew how big the loss was this time. There was a guy sitting there in a daze. Ye Dongqing knew him, this middle-aged trader named Tom Wrong transaction amount.

  The reason why Google is expected to fall recently is mainly because last year’s financial report was not very good. While advertising revenue shrank, other expenses rose sharply.

   This also has something to do with Ye Dongqing.

At the beginning, Ye Dongqing had a little conflict with an independent director of Google, so she went to the founder of Yahoo, Jerry Yang, to help make plans and give some development suggestions, which directly made Yahoo start to refine its website, split up several subsidiaries, and adjust slightly. It has developed a development strategy, and paid more attention to overseas markets, and made every effort to fight against Google.

   This adjustment worked well. Last year, Yahoo’s annual financial report was significantly better than Google’s, which led to a surge in Yahoo’s market value, while Google’s upward momentum was suppressed.

When I was at home, I didn’t just take care of the children. Ye Dongqing was also paying attention to these things, so this morning he arranged for someone to sell some orders, and in the short term, the focus was from bullish to bearish. I didn’t expect this to lead to a relatively large amount. Necessary loss.

   Overall, he still made money. The empty orders he had just opened helped him make a lot of money, but mistakes were mistakes. If there were no mistakes, the money would not be lost in vain.

In the 1970s and 1980s, people liked to name their children Tom, such as Tom Hanks and Tom Cruise. The Tom who made a mistake has a good resume. In 1997, he won millions from the Southeast Asian market. The U.S. dollar also accurately predicted the overheating of the Internet, and used short orders to help Morgan Stanley earn more than 20 million U.S. dollars. He is an old man in the hedge fund industry. He has worked in this line for more than ten years after graduating from Yale.

   It took a bit of thought to dig it up at the beginning. It is considered a relatively capable category. Otherwise, it would not have given such a high level of authority. It controls almost 600 million US dollars in assets, and it can be even more if you include leverage.

Mr. Wu Di has a bad temper. After being hired by Ye Dongqing from Citibank, he is now holding a position similar to the chief operating officer. He just called Tom to the office to scold him after he had just moved to another job within half a month. After a meal, it was probably taking the opportunity to establish prestige. If the people under him are not afraid of him, the team will be difficult to manage. Ye Dongqing can be a good boss in the eyes of the employees, with a good temper and ability, but Gao Managers cannot mingle with ordinary employees.

Mr. Wu Di has already told Ye Dongqing about these things on the phone. At this moment, he walked through the office area with a stern face, and wanted to put some pressure on these employees. He couldn’t force them too hard, but he couldn’t let them relax too much. Those who hold a lot of money in their hands, a mistake may cause Ye Dongqing and other investors to lose a lot.

   Whether to expel Tom has not yet considered, but even if not expelled, there must be punishment, and it must be harsher, or the same sentence, otherwise the team will be difficult to lead.

  (end of this chapter)