Bloomberg, who stood beside Han Xuan, had a legendary history of making a fortune.

From joining Solomon's company in 1966 to being fired in 1981, he worked diligently twelve hours a week, but he received a letter of dismissal.

It is a blessing to have a loss of power. If it weren't for this, he would have been just a high-end white-collar worker for the rest of his life.

It has not been in vain for fifteen years. Bloomberg received a one-time severance payment of $10 million and some convertible securities. After being fired by the company, he did nothing and wanted to start a business.

At that time, most companies on Wall Street were basically in a state where a group of people used pencils to record so many boring traders based on their feelings, and there was no systematic and scientific channel for obtaining financial information.

Even the Fed is still using manpower to convey important information about bond prices and returns, which are inefficient and prone to errors.

So, Bloomberg decided to create a product that allows investors to quickly obtain financial information and sell it to everyone in need.

Everyone knows what happened later, he succeeded

Bloomberg News now has more than 70 offices in the world, with a total of more than 900 professional journalists, and there are countless financial analysts at its headquarters in New York.

They summarized financial information from all over the world and showed the company's customers that customers can learn about information in a timely manner through the terminal.

Currently, famous newspapers including the New York Times, the Washington Post, and the Wall Street Journal have subscribed to the financial news it provides, and more than 300 radio stations around the world are also using Bloomberg News' broadcast manuscripts.

The company has more than 900 journalists distributed around the world and provides more than 1,500 news reports to 200 newspapers every day.

This terminal costs $21,000 per year, and currently has more than 5,000 customers in total. This part alone can generate more than 100 million US dollars in revenue for the company.

In addition to other revenues such as selling news, the turnover exceeded US$170 million last year, and the net profit was around US$90 million.

Thanks to its super high turnover and profit growth, rating agencies and the market are optimistic about the development prospects of Bloomberg News. Last year, it gave a valuation of one billion US dollars, but this year it has increased to one billion US dollars, and it has not been listed.

At that time, Han Xuan bought 30% of Bloomberg News from Merrill Lynch for nearly $600 million, almost double the premium, and is still at a loss.

But this company has great potential for future development. Wall Street makes money from ordinary people and companies, and Bloomberg News makes money from Wall Street. He never worried that he would not be able to recover his capital in the end.

Michael Bloomberg, who is now in his fifties, started his business only at the age of forty. He has experienced all kinds of storms and waves in his life and has developed a calm personality.

As a shareholder, Han Xuan never pointed out the future development direction of Bloomberg News, and let Bloomberg do it all. He was very at ease with his ability.

The other party just asked Han Xuan what he had just talked to the president, but he had no intention of spying on him.

The tone is very casual, as if it is okay to answer or not.

Han Xuan turned to Bloomberg and put his hands on the railing. If it were last year, he might not be able to reach it because of his shortness. He has grown by nearly ten centimeters this year. The last time he measured his height, it had reached 1.65 meters.

He reached out and unbuttoned the suit, exposed the black shirt inside, and smiled and said, "I told you something about Hope Technology.

You know, Mr. Clinton is interested in the internet.”

Michael Bloomberg graduated from Harvard Business School and has been engaged in financial business for more than ten years. He has a keen judgment on the economy.

In addition, over the years, he has been constantly immersed in Bloomberg News and analyzed the daily financial information and corporate data around the world, and his horizons have become wider. Even the White House and the Federal Reserve have invited him to be an aide.

"That technology company is very good. All the companies under your name are good. I have to admire your vision.

Fortunately, you also took a fancy to my Bloomberg News Agency. Although the value-added speed is the slowest among all your assets, there is definitely something that attracts you."

"Haha! Bloomberg News is really attractive, it uses terminals and has a faster messaging than Reuters in the UK.

Recently, major securities and stock trading markets have abandoned traditional practices and switched to computer trading, which will undoubtedly increase the speed of capital circulation.

Whoever is faster in the future will be easier to gain the opportunity. As long as Bloomberg News has mastered half of the financial information market, am I still afraid that it will not make money?”

“Your thinking is indeed very advanced.

I think so, so I keep shortening the time it takes to deliver messages.

It is more pleasant to work with you than to work with Merrill Lynch. At least there will be no one who doesn’t know anything about it. I will question my approach on the board of directors.”

Old Bloomberg is a practical worker. He prefers to actually do it than speaking with his mouth.

The language is not as interesting as Trump, but it can easily make people like him.

After drinking a sip of red wine, he reminded Han Xuan: "I think there is a big bubble in the Internet industry now.

Compared with traditional industries, their profitability is limited, which does not conform to the laws of economic development.

Even if it is a new thing, it should comply with the laws of economics. Investors have been lost to the success of companies such as ibm, sun, and Microsoft.

What do you think?"

Han Xuan knew what the other party wanted to remind him, nodded and replied: "Now the global economy is gradually recovering, and the Federal Reserve continues to raise interest rates, attracting a large number of hot money to return to China.

For some of this money, holders chose to invest in stocks in the Internet industry, and some people hyped it up recently to push Microsoft's market value to a peak of 300 billion US dollars. It is incredible.

In a few years, once the economic growth rate decreases, the Internet industry is likely to collapse, but you don’t have to worry about me. I have a detailed plan for the company’s development and have found a way to make a profit.

The Internet is a new thing that meets the needs of public life and entertainment in the future, and this will not change.

As long as you realize this and wait patiently, the future will be bright."

Recently, there have been people who have seen abnormalities in the rising Nasdaq market index, and Bloomberg is one of them.

He learned that Han Xuan had plans to list the company, so he kindly reminded him to pay attention to the risks. Now that he found that Han Xuan himself already knew, he would not say more.

Chatting with Bloomberg is a very pleasant thing. He has made accurate judgments on the world economy and knows which industries are probably new highlights of future economic development, which has given Han Xuan a lot of inspiration.

The two chatted until after ten o'clock before saying goodbye to leave.

Before leaving, Han Xuan donated three million US dollars, which was the highest amount today. Hillary was very happy and personally took him to the hotel door to get on the bus.

On the way home, Han Xuan accidentally received a call from the old cowboy John.

John said that the Labrador Pudding seemed to be about to fail, and he has been in a coma twice since the afternoon.

Han Xuan had a deep emotion about Puding, his childhood playmate. He was almost at the villa in the Upper West Side, but he temporarily changed his itinerary and turned around to Kennedy International Airport, asking Secretary Dawson to help arrange the route.

Its owner, Old Patton, is now in Australia and someone always needs to go back to accompany it... (To be continued.)
Chapter completed!