The journey starts from the Titanic

Robles saw Situ Nan's indifferent look, and knew that there was nothing to tell from this guy, so he didn't ask any further.

However, he remembered what Situ Nan said.Two months later, almost effortlessly, Robles bought Moody's and Fitch.

And he also made a reasonable decision that surprised Situ Nan, which was to combine these two companies into one-Moody Fitch.

Then Moody's Fitch acquired Dun & Bradstreet's financial services organization, thus becoming the top financial evaluation agency on Wall Street.

It is headquartered in Manhattan, New York, and has branches in Chicago and San Francisco, employing more than 20 analysts and 50 assistant analysts.

And this number is growing every year, more and more talents are joining in, and more and more accurate letters are provided to Wall Street investors.Over time, a reference index for the New York stock market was formed: Moody's-Fitch Index.

This was not in history. After Situ Nan heard the news, he couldn't help but stunned: It is rare that because of his own babble, it is estimated that there is only one of the three financial evaluation institutions in the world in history?

The new president of Moody's Fitch is Graham. After several years of experience at Robles Securities, this financial guru has begun to emerge and can start to take on the big responsibilities.At the same time, in a lot of practice, the theory of this investment master has gradually formed.

Robles Securities was created by a group of young people with dreams. They don't pay attention to seniority and capital. The only criterion is that those who are able go up and those who are mediocre go down.

Both Stuart and Robles like to promote young and talented people, so the young Graham has become a top financial information service company on Wall Street.This also caused a small sensation at the time.

Graham did not disappoint Robes. After he took over Moody Fitch, with the support of the company's original John Moody and John Fitch, he began to expand the influence of Moody Fitch on Wall Street.

He bought the New York Times, the largest circulation newspaper in the United States, from the Oaks family for $500,000 in one go, and personally wrote articles on the financial page. A generation of financial masters began to publish his investment theories.

Two masters, Moody and Fitch, also worked similarly.

These articles of theirs contained insights and were later included in college textbooks. Even the later generation of investment genius Buffett was influenced by Graham.

This made the New York Times not only an authority on current affairs news reports, but also one of the two must-read newspapers for financial professionals.

Maybe it was a great job. Soon after the "New York Times" financial section was independent, a new newspaper "New York Financial Review" dominated the Wall Street newspaper industry. His deadly opponent was the "Wall Street Journal."

Originally, Graham's first goal was the Wall Street Journal. Unfortunately, the Wall Street Journal belongs to Dow Jones with a Rockefeller background. How could it be sold to the new Moody Fitch?

After touching the ashes, Graham had to take aim at the "New York Times" in anger.

After his unremitting efforts, the Oaks family, the owner of The New York Times, finally agreed to incorporate the New York Times into Moody's Fitch, and they also became shareholders of Moody's Fitch.

The shares are ranked third after the major shareholder Robles Securities, Graham, and two of the company’s founders John Moody and John Fitch.

In addition to newspapers, the ambitious Graham also founded a magazine on finance, called "Fortune."Well, this name was taken by Situ Nan, and the poor man Henry Ruth could only become the editor of Fortune magazine.Historically, he was the founder of this famous financial magazine.

If you add the Los Angeles Times in Situ Nan's hands, then two of the five largest newspaper groups in the United States are controlled by Situ Nan.

This is also the reason why the newspaper industry in the United States has not developed to the level of later development, so that Situ Nan can buy these two important newspapers at a lower cost in the early days.

As for the idea of ​​using newspapers to make money, Situ Nan has never had it. Running a newspaper is not as stable and generous as Situ Nan's investment in other industries, and the competition is fierce.

Many newspapers (mainly small local newspapers) appear in the United States every day, and more and more magazines and weekly magazines have begun to enter people’s lives. This poses a challenge for large newspapers, and the traditional newspaper market has also begun to be affected. Emerging broadcast media accounted for a large share.

With the expansion of the circulation of these two newspapers, the maintenance costs are getting higher and higher. In order to rapidly expand the advantages of the New York Times and the Los Angeles Times in the American media industry, Situ Nan not only failed to gain from the newspaper industry Profits, instead of posting a lot of money every year.

Fearing pressure from other sources, Situ Nan has never merged the two newspaper groups. Instead, the New York Times and the Los Angeles Times can compete tacitly and secretly control the American public opinion market.

However, in the United States, the white people dominate the mainstream, and Protestants dominate American values. Situ Nan dare not think that through two newspapers, he can control American public opinion. However, with these two powerful tools, at least some things can be imperceptibly influenced, and in other aspects. It can also stop some criticism.

Just like the notorious Jews in Europe, there are hardly any bad things about Jews in the United States.There are many reasons, not only because of the idea of ​​freedom and equality in American society, but more importantly, the success of the Jews in the economy and finance. They also control the American media.

Even if Stuart controls most of the shares of the New York Times through Moody-Fitch, there are other shares in the hands of the Jews.The two sides check and balance each other and play games with each other. Just like this world, no one can get the absolute lead, but they can get the most benefits through entanglement and cooperation.

Somewhat criticized is that the New York Times’ business page often speaks good words for Robes Securities. Some people ridicule the New York Times as Robles Securities and Moody's-Fitch is the twin brother, and New York The Times is the microphone of the two brothers.

In fact, it was just a handful of people jealous and jealous, and it did not affect Moody's-Fitch at all.Just like the 2008 subprime mortgage crisis in Situ Nan's previous life, Goldman Sachs played a very disgraceful role in it, but no one can stand him, let alone the US financial market that is not regulated.

Using the asymmetry of information, the predators of Wall Street can successfully complete the sheep shearing operation time and time again.Situ Nan is no exception.

Under his intentional guidance, under Robes’ management, and with the help of a bunch of geniuses, Robles Securities has flourished, making almost no mistakes and establishing confidence in investors’ hearts.From World War I to the World Economic Depression in 29 years, Wall Street investors were attracted with extremely high rates of return every year. The money was either invested in Situ Nan’s industries or was directed by him to the most profitable industries.

After the end of the First World War, Robles Securities' own assets exceeded 50 million U.S. dollars, and its assets under management exceeded 1 billion U.S. dollars, of which one-third of the assets belonged to the California consortium of Stuart.

And Moody's-Fitch has always cooperated with Robles Securities to complement each other, and has a special position in New York financial institutions.

After many accurate assessments, Moody's-Fitch has gradually become the most authoritative financial assessment agency in New York.Graham's investment theory is also accepted by more and more people.

In view of this, in 1919, shortly after the end of the war, the Rockefeller Consortium, which felt Moody's Fitch's aggressiveness, had to merge the Bureau of Standards and Statistics and Poole Publishing Company into Standard & Poor's to fight Moody-Fitch.

This result was even more than 20 years earlier, something that Situ Nan did not expect.

Although publishing and media businesses can increase the reputation of Moody's-Fitch Company, it is the Moody's-Fitch Financial Investment Consulting Company that really makes money for Moody's-Fitch Company. Customized financial information services.

A large number of small and medium-sized companies are increasingly inclined to Moody-Fitch when they encounter financial problems. Therefore, Moody-Fitch also has information on a large number of small and medium-sized companies in the United States and organizes this information into a database. , So as to master the accurate data of the US economy.

Moody's-Fitch is responsible for rating a wide range of bonds, including local government bonds, corporate bonds, foreign bonds, etc., because they possess detailed information, use advanced scientific analysis techniques, and have rich practical experience and a large number of specialized talents , So their credit ratings are highly authoritative.

Moody's-Fitch's credit rating standards from high to low can be divided into: Aaa, Aa, A, Baa, Ba, B, Caa, Ca and C.

Moody's-Fitch's business and ratings are similar to those of Standard & Poor's.Due to Stuart’s relationship, at a critical historical moment, Moody's-Fitch made an assessment that was more accurate than Standard & Poor's. In this regard, Standard & Poor's has always been under pressure.

Chapter 123 Prelude

"The Germans are desperate. I guess the White House won't be able to sit still. I think we will roll up our sleeves and play in two or three months. You must be prepared." Situ Nan reminded.

"Yeah." Robles nodded and said, feeling the same.After the United States declares war, Wall Street will also be bloody, and the world situation will also change drastically.It is better to plan ahead than to hug the Buddha.

This is also a rare opportunity for Robles Securities. As for how to fish in troubled waters, Situ Nan believes that Robles is already familiar with it.

After the two talked about the securities company, Situ Nan turned his attention to the Bethlehem Steel Company. This is because he rushed to feel that New York was for Bethlehem Steel.

"By the way, the situation of the Bethlehem Steel Company you told me a few days ago had preliminary results. It was not clear on the phone. What is going on?" Situ Nan asked.

"Hey, I'm also happy to talk about this." Robles smiled triumphantly and whispered: "Remember Jesse Livermore, the super trader in the company?"

Seeing Situ Nan nodding, Robles continued: "At the beginning, Jesse went bankrupt for the third time and entered a small company on Wall Street as a trader. However, because of his previous conviction, the boss was afraid that he would take risks, so he only traded 500 for him. Permission for hand stock trading.

This is a painful thing for a genius trader. Once he misses, Jesse will not only lose his job, but also return to the embarrassment of debt.So I took him from that company without any effort, and gave him enough trust.

His first vote was Bethlehem Steel Company.At that time, there had just been a war in Europe, and New York almost collapsed, so the stock prices of many companies fell accordingly.Among them is Bethlehem Steel Company.After the New York stock market restarted, Jesse approached me and said he wanted to buy the company's stock.

At that time, I asked him how much he wanted to buy, and Jessie replied that the more the better, and I remember that you asked me to buy a large amount of the Arms Steel Company before you returned to Texas, so I left it to Jesse.

In the end, this guy was ruthless enough, with a hand of 3 million US dollars, almost wiped out the Bethlehem Steel Company stock on the stock market, and a full 6% of Bethlehem Steel fell into our hands.It was only $45 per share when I bought it, and it has tripled or quadrupled now."

"Haha. Jessie is a genius. He has done a good job and the company should award shares to him. But he also loves to take risks. You have to pay attention to it, otherwise you don't know that this wild horse will go crazy when it gets hot. "

Situ Nan said.Situ Nan was very satisfied that Robes Securities could recruit a super trader like Jesse Livermore, but he also knew the sad end of Jesse Livermore, so he did not forget to remind Robes .

"Don't worry, I know all the important things in the company. No one can escape my eyes. But you are right. Jesse really loves adventure. He is a gambler.

Robles nodded and said, he knew Jesse Livermore better than Situ Nan.