Going Into the World!

Looking at the BMW building to the east, you clench your fist once and approach the south window to clear your mood. My office is in the southeast corner, so I can look down at the main street of Munich from the south window.

If you look a little sideways, you'll see Nimpenburg Castle not far away. This was a summer home in the Bavarian royal family and boasts spectacular lococo style. Chenong's performance made me feel completely different, making me feel like I wanted to own a Rococo-style castle. I heard that Germany has as many castles as France, but there's nothing wrong with looking into it.

"Sir, I have the report here."

"You brought yourself something like this. You can email it to me."

"Haha. No. I need a supplementary explanation, but I have to come myself."

Karls and Polo concluded that they were moving to Eastern Europe after considering it, and they decided to move on from Kirch Media to 'Johnstone Media' before they needed changes and new capital investments to revitalize the current Kirch media.

The business of the Johnstone Group in Europe is not just media. You should also consider investing in online areas such as Google and Myway, the group's main businesses. To date, we have focused our business on English-speaking countries such as the UK and Ireland, as the minimal localization process has allowed us to achieve significant results.

Nevertheless, we can never leave other areas behind. Now that we have a foothold in the centre of Europe, we can no longer postpone this in the courtyard of our entry into Eastern Europe. I need you to draw me something big.

Moreover, businesses in Johnston Korea in Europe are also asking for action. I had already acquired Group D for five years, but I only cared about Korean and Chinese businesses and did not take care of the rest myself.

I spent most of my time in the thick businesses of the United States, and other areas that felt like pennies were naturally neglected.

In addition to just $15 billion, we needed a lot of money to get into Eastern Europe. Before making money execution plans, he asked me to send a report to Chief Crimson at headquarters because he needed to look at his earnings and cash flow. But it's only been a day, and I came here myself. I came to see how I was doing.

"Huh? AdSense is quite a payday, isn't it? It's only been a month."

"It's better than I thought. Maybe it's the time for online advertising now? According to the VP of Marketing, it's doing better than I thought."

AdSense is a customized advertising program launched by Google last month. If the owner of the website signs up for AdSense, Google will pay for the ad and automatically place the ad on their website.

When a visitor clicks on the ad, Google receives money from the advertiser and distributes some of it to the website owner.

Personalized ads are available for potential customers who are interested and attract a lot of interest because they are different from ads that target unspecified audiences.

Over 2 million advertisements have been received in the first month, and by the end of the year when services are available, it is also possible to sell between $10 million and $600 million per month. If it works as planned, it will generate a new revenue value of 7 billion dollars next year.

Of course, $7 billion is not net sales. Since some of the existing ads have been replaced by AdSense, net revenue growth is only $35-40 billion. But it's almost free to invest, so it's directly connected to profits, which means more than $3 billion in additional net income.

Now looking at 80 million users, Myway has already introduced personalized ads from the ground up. It is very easy to understand who the user is and what their disposition is. Of course, companies dealing with young people are very fond of the advertising effects of Maiway, because sometimes they cause a "hot wind".

Johnston Consulting, $4.5 Billion

Google, 4 Billion $

Myway, $2 Billion

Johnston Electronics, $2 Billion

Johnstone Entertainment, $2 Billion

Other, $2 Billion

(Net income) $16.5 billion

"Is this the surplus that will come in a year? That's not so bad."

"This is a management information system we have built that predicts cash flows over the next 12 months. It's based on the present and may not be as real as it used to be, but it will help you make your decision."

There were only $10 billion left last year, according to the report, but the profit structure had significantly improved. So far, I have invested a lot in the growth of the company, but I don't think I will ever sell my shares as much as I have in the future.

One of the top five pockets of my money was Johnston Consulting. In fact, Johnstone Consulting is behind Google, Myway and Johnstone Entertainment's J-Tunes business. Since the data center's operations and software development and system operations have been transferred to this side, the profits of the three companies are divided considerably.

We had this structure because we wanted to reduce costs and increase efficiency by focusing our individual resources in one place. In addition, since Johnstone consulting is 100% mine, all these savings are supposed to go into my pocket.

Johnston Consulting has also made an additional $400 to $500 million annually with an on-line consolidated payment system leading to 'Jay Card'. This sector is also available offline, and because of its advantages of earning points, PayPal is experiencing a steep growth trend and is expecting more than a billion profits within a year or two.

Google and Myway lead the online advertising market based on tailored ads, but they are not competitive. Especially given the growth of the market, which draws a steep upward curve every year, it is a question of how much income will increase each year.

Johnstone Electronics not only sells' expensive ’products outside the' Einebbia Pad X Box ', but also supplies handsets for Johnstone cables, devices and equipment for the' smart grid 'business, and computers and parts for data centers.

In addition, the various construction projects and affiliates that are happening are also supplying electronic products, making a tremendous profit.

J-Tunes now has 100 million monthly downloads. If you sell it for a dollar a piece of grain, that's 100 million dollars coming in, and with the growing number of catalogs, the number of downloads is increasing. In addition, sales of movies, music videos and applications have also been added.

The polygram film project, which has been supporting Spider-Man for many years, has now gone up in orbit since it opened last summer. Moreover, as well as films that produce their own films, Pixar's work of producing popular works is increasingly gaining a robust structure, reaching production and distribution.

In particular, the animation 'Finding Nemo' distributed in May showed great signs from the beginning, and reported that this could leave at least $1-200 million in net profit.

Other affiliates say there are about $2 billion in profits to attract. However, since it is preferable to accumulate money with its own operating capital, it is actually not that much of it should be spent except on Johnstone investments, securities and the one billion dollars that can be taken from China.

"The Johnstone Group is growing steeply. Johnston's energy could also grow as we move into Europe. You can also sign a $40 to $5 billion system award, if you're good enough to set up a Johnstone sequel. Both businesses will be new revenue streams because they have separate maintenance contracts."

"Haha. I was worried about another $15 billion going out for Eastern Europe. Thank God. That's a relief."

The emergencies accumulated at the headquarters are only five billion dollars. This is too small for the Johnstone group. This has been a waste of time, of course, minus the $3 billion of my emergency money entrusted to Johnstone investments and the $1 billion of visa funds hidden in Johnstone Securities in Korea.

The U.S. headquarters of Johnston Group has no debts at all. He sold some of his shares without debt and raised funds. This year, major affiliates received AAA ratings from credit appraisers because they have market dominance and clear monetization.

Having an AAA does not change, but it is easy to borrow money. This is one of the reasons why the group's balance dropped to $5 billion and didn't worry. Of course, the Finance team was' advised 'that at least $10 billion should be prepared.

"Sir, you have to see this. You can't be relieved."

"Yes? What is this?"

When I've read the rest of the report, I'll give you another report. I was curious because I had a slightly sorry, somewhat sad look on Director Crimson's face.

New York Palace Hotel (Purchase + Remodeling), $500M

Waldorf Hotel Residence, $600M

Dodgers $400 Million

Johnstone (Warner) Cable Acquisition, $20 Billion

Kirch Media Acquisition, $6 Billion

Johnston Techno Research Fund, $1 Billion

Johnstone Super Tower, $1 Billion

Johnson Stone Energy, $10 Billion

Johnston Euro Center, $400 Million

Other, $500 Million

Total, $40.4 Billion

"This is the money you 'specifically' have spent over the past 10 months. I'm a little concerned that you're adding another 15 billion dollars here. I hear you're thinking about 20 billion dollars, and you're doing over 60 billion dollars a year of" special. ""

Judging from Chief Crimson's mixed concerns, I spent a lot of it. 60 billion dollars a year... I thought it was a dick. But I don't want to waste it everywhere, but I don't want to do too much at once.

"Phew, you're quite a handful."

I was a little embarrassed, so I laughed unnoticed. Chief Crimson is not the one to say this, but someone in the finance team probably asked him to say, "Please." Everyone knows Chief Crimson and I are the closest.

'But, you know, some things just don't go by, right?'

The sky is obsessed with red light to set the sun, which also changes Munich's feeling outside the window. Seeing the landscape, I thought to myself.

You need to save, but you can't miss out. People will never leave food for me. And now a billion dollars, one year later, could be two billion, three billion dollars. On the contrary, of course.

I think it would be more appropriate to "aggressively" expand my appearance rather than "overdoing it." Group D or Kirch Media were devastated by overinvesting in other people's money, but the Johnstone Group has no debt to date. I'm not saying it's too much.

Moreover, there is an industry leading internet and entertainment business with clear technology, so if you still put your shares in some markets right now, you can procure as little as a few billion dollars to as many as 100 billion dollars. The only thing missing is that there is not enough emergency money compared to that size.

"What's not working?"

I'm making quite an impression, but Eva brings in something to eat. I put the tray down on the table, and I looked at my face and said something I was worried about.

"I'm not making money. I'm just trying to get into Eastern Europe, and I'm thinking about fundraising. I've been working a lot lately."

"Phew, that's true. I feel dizzy just looking at it next to me. You bought this building in a month. Wasn't it an impulse purchase?"

"How much is this impulse purchase? I gave you 400 million dollars to surround land!"

Huzzah!

"Oh! Why are you spanking me?"

"It's worth it, isn't it? For making fun of me. Huhu."

I punched him once in the ass for no reason. The shorter skirt looked sexy today. I was attracted to my eyes for no reason because I saw a pantiline in a thin cloth. I pretended to be playing a prank and touched some more silver. Eva just looks at him and says nothing.

"Get your hands off me and eat this. This is the best snack here."

"Wow, this sausage is so delicious! Go get me a cold beer. Experience the local culture while you're in Munich."

Sausage and beer! What a fantastic combination. I cut a sausage with a fork, and the chewed taste is no joke. I put a little sour sauce in it so it doesn't taste like it. Having a cold beer brought by Eva, her worries fly away for a moment.

"Khh! Ugh, this is awesome! Is that Lager in Munich, too?"

Until now, while drinking beer, I inadvertently passed the word 'lager', but I knew where it came from when I came to Munich.

'Lager' used to refer to the reservoir used to be here in the monastery, and was stored in the underground lager of the mountain monastery in March to April each year. A lager beer was born by the monks who found it to taste better as they aged.

Sabrina said that in Munich, where the beer broke down, there are many traditional beer masters who have survived so far. What I drink is considered to be Munich's finest beer. It was due to the unique flavor of the water drawn from 700 meters underground that the Augsteiners began to make wine in the early 14th century.

Why don't you have a drink with Eva, too? "

"I'm fine."

"What? So you're just doing my drinking? It's boring to drink alone, isn't it?"

I think they all went home because it's evening time. I persuaded Eva to drink a bottle while waiting for me to finish. My recommendation was good at first, but I knew it one more time. However, the sausage says no because it's fat.

"Heheh heh. This is really cool. I'm amazed. “

"Enough is enough. When people see me, I think I've never had a beer before. By the way, why were you holding the foam like that? Don't fit in."

"But wasn't it cool? The man who worries?"

"Tsk. Are you sure you weren't thinking something else?"

Eva smirks and slightly slaps my thigh. I don't hate that touch. But he thinks it's a joke.

"It's a real concern. I'm about to move into Eastern Europe, and Director Crimson and the Treasury team have warned me that I've been shopping too much so far."

"Yes? Warning?"

Eva was surprised by my jokes. I explained my situation to you, and then you nod.

"You know what?"

"What?"

"John, at some point, is very intelligent."

"What? Me? I'm the one who's open-minded. What's that supposed to mean?"

I have protested. There is no one I would like to hear of my wisdom. But that doesn't make me feel bad. Beer and sausage made me feel very generous.

"There are a lot of banks that would lend money to John. You could borrow it if you wanted to, but you sold your shares and started this business without borrowing a penny. Sometimes I don't understand. I don't know, but I need to do it in business. I hear interest rates are low these days."

There's nothing wrong with listening to Eva. In July, the interest rate dropped to 1% and was published in the newspapers. Articles on mortgages and bonds have come out frequently, and we know that the general public also has low interest rates. I guess Eva saw the article, too.

If you could borrow 20 billion dollars for this opportunity, wouldn't a five- to 10-year bond only cost 1.5-2%? '

I wondered if I was really obsessed with debt ratio 0%. The reason Group D crashed was due to excessive debt, and because I acquired the crashed company, I might have thought about it in my head.

"Thank you. Haha. Come on, cheers!"

I took another bottle of beer and poured it into Eva and my glass. I wrapped my left hand around Eva's waist and pulled her back. I kissed him with a good idea, and he said, "Are you drunk? 'I stretch my body with my eyes.

Artwork Reviews

AdSense began on June 18, 2003. It's about the same time as last week. Google said it made 97 billion dollars in the Ad Sense program in 2011. 28% of their earnings come from here.

If you look at the U.S. interest rate chart, again this time in July 2003, the interest rate dropped from 1.25 percent to one percent, and the one percent remained until June 2004, and then it went very steep.

The first two businesses have a lot of reinvestment, so they don't make much profit on a scale yet. There's over six billion dollars a year invested in data centers alone, and we're constantly expanding.

Today was the weekend, so it was a little longer at 14K. I intend to use it five times a week. Recently, it has been difficult, and the writer has become four times a week due to his lack of knowledge of Europe. Maybe even ate some heat.

For the record, successful IT companies once took pride in zero percent of debt, but Microsoft broke the tradition of selling bonds for the first time in 2009. Now, that's no longer virtue in the 1% interest rate era, and again, the high-cash Apple sold $17 billion in corporate bonds in 2013 and this year. I'll explain why this is happening in the next part.

Thank you to all of you for your referrals, comments, picks and coupons.