The Youngest Son of Sunyang

The New York Miracle was rolling with a modest rate of return with no significant change. It is also because of Rachel Arief's management philosophy towards zero loss, rather than her high-risk high-return.

“James, Howard. We don't want to touch the derivatives as much as possible. ”

“Why? There's no place for you to invest anything other than derivatives on Wall Street right now. ”

I smiled and asked, but her firm expression did not go away.

“Do you know how many hedge funds there were 10 years ago, 500 of them, now more than 10,000. These guys are all grinding derivatives. ”

She gets more and more excited.

“I'd rather have a private equity fund. This is a company that judges its value and buys and resets undervalued companies. At least there is a company. ”

“But high returns are derivatives. You can't just walk away from it because of risk avoidance. ”

Oh Se-hyun said as if he was a bit stuffy, but Rachel shakes her head tightly.

“If you twist a derivative twice, only the person who created it will be able to make sure it's there. The rest of us are fireflies with one payoff. ”

“Well, why don't you let Rachel make her own derivatives? as a product that knows exactly what it is. ”

You seem a little flustered by the unexpected offer, so you shake your head.

“Not our Miracle. You need approval from the International Swaps and Derivatives Association to create your own derivatives. ”

Miracle size doesn't make it that hard to get approval. However, when you refuse such excuses in person, you do not think at all.

“Our priority is to protect our customers' money by investing in sound companies, good stock and solid bonds. ”

Oh Se-hyun held his hand as he tried to open his mouth.

I believed she was making the right decision. You don't have to carry all kinds of risks anyway. It's because there's another powerful blow coming.

“Rachel, what if you trust my judgment? ”

“Tell me, Howard. I always trust Howard's judgment. ”

She sparkles.

“Let's not touch derivatives of currencies, interest rates and stocks, but only credit derivatives, particularly debt securities (CDOs). ”

Rachel's glittering eyes suddenly turn grey.

She deserves to be offered the most dangerous products to her safety first.

“The products based on mortgage bonds are hot right now. But you do know that the commodities that are underlying assets are the most dangerous, right? ”

“Of course. In my judgment, I'm not going to shut down for the next two years, so I'm not confident in the next two years, so just try for two years. ”

I couldn't turn my faith in my judgment upside down, so I accepted it.

“What percentage? ”

“My estimate would be 38% in two years. Consider the total return on Miracle. ”

Rachel's expression was clear as she was reluctant but gave specific returns and discretionary investment amounts.

“Okay. I'll trust Miracle Boy again. But I don't think we came all this way just to get to the bottom of this. It's an investment. You check your mail every day. ”

“My Miracle Boy is doing art this time. Rachel needs help. Haha.”

“Art? ”

Rachel looked a hundred times more surprised than when she was asked to invest in derivatives.

* * *

“No, why do you work so complicated? You can just buy it. Howard, you're qualified to be a super collector. Just buy a mansion in New York and fill it with drawings. Why bother acquiring the gallery? ”

When Rachel heard the process of obtaining the painting, she looked as if she couldn't understand it.

“Wherever I have paintings I want to buy, they never sell them to me. That's why I have to get a proxy.... I need you to find the right place. Rachel knows a lot of rich people, right? Those rich people will collect art, of course. It's not hard to be introduced to a gallery as your network. ”

“That's right... ”

I still don't open my suspicious eyes.

“Come on, don't be so curious. Give me some strength. Do you know if Howard's painting will explode? It's Howard's ability to turn into gold with just his hands. Haha.”

Oh Se-hyun blocked her mouth so she couldn't dig anymore.

“It's been a long time. Let's have a nice dinner tonight. Let's have a shake.”

We were drawn to the spectacular streets of New York by Oh Se Hyun.

While enjoying dinner, O Se-hyun, who was taking his expensive Claude Griffir Cognac like soju, began to doze off at the second transfer bar.

“Now that the retired middle-aged man is asleep, can we have a proper conversation with our actors? ”

“Gallery?”

“No. I don't want to talk about it, because it seems personal to me. I'll find you the perfect gallery. I want to talk about.... ”

“Collateralized Debt Bonds? ”

“Yes. The Wall Street is going crazy. It all issues CDOs and credit default swap products based on sub-prime mortgage loans. You said it hasn't stopped for two years, but I don't know...? ”

“Why do you think it's so dangerous? ”

“Subprime. Obviously a bad loan. Put them together, make them into a commodity, then grade them AAA. It's a scam."

“Successful fraud is not a scam. When you fail, you're told it's a scam. ”

“Your guess is that you won't find out for two years now? ”

“Yes, balloons don't explode easily unless you stick a needle in them. The United States will have to blow balloons without rest for two years in order to blow them up. ”

“The problem is, when that balloon explodes, the American economy will be in chaos. ”

I looked her in the eye and said, worrying.

“So?”

“What?"

“Rachel, you're an American citizen, but you represent our company. Shouldn't we care more about the company's return than the U.S. economy? Leave the American economy to the US Treasury. ”

“They're all in this together! ”

“If you're so worried about America, you need to step down from the position of CEO of Miracle right now and dive into politics. I'll push the election fund indefinitely. If you're not willing to do that, just think about your company's return. ”

Perhaps it was my cold voice that caused her to panic.

“I'm sorry. I wasn't being professional. You're right. I'm a New Yorker, not a Washington. ”

“If you can't break the flow, climb up the flow. Money and justice are never a parallel line. ”

“Okay, so how do you know it's two years? ”

It was actually three years, but if you think about it, it was two years. Since you can't tell the truth anyway, it's easiest to ask the question as homework.

“Calculate. It's going to be two years or three years. ”

“Calculations……. ”

“Then would I have asked the crystal ball? ”

I picked up a glass of whiskey with melted ice.

Do I look like a mysterious Asian?

* * *

“Elizabeth Porter. My friends call me Bette. Nice to meet you, Mr. Jean. ”

“Please, call me Howard. ”

“Is that so?”

She was a tall girl with chaotic skin and very frizzy hair that seemed to be mixed with a little black blood.

“Howard, Beth majored in Yale history and art history at New York University. I'm the head of Wentworth Art Gallery. ”

Rachel pulls her aside.

“I'm an enema, but I'm about to close the door because I can't do my job. ”

I looked at her smiling bitterly and said,

“How much do you owe? ”

“ ……? ”

“How much does it take to not close the door?" ”

“Oh, 1.2 million dollars is a lot of pain. ”

“What's the annual budget? ”

“2.5 million dollars. But also the income from the exhibition program.... ”

I put my hand over her mouth.

“We'll support $3 million every year, so be a good gallery. Okay?"

“ ……! ”

Bette Porter blinks with her mouth open.

“What did I tell you? I told you it was jackpot day, right? Hoho.”

Rachel gives a big smile and taps Beth Porter with a dazed expression.

“Now, wait a minute. What is this...? ”

When she regains consciousness, she rushes through the bag and pulls out a bunch of files.

“This is the status of our gallery. I think we should review it first. ”

I took the file she gave me and threw it next door.

“Do I have to? ”

“Do you know anything about my gallery or me...? ”

“No, I have no idea. In fact, art is a kind of outdoor thing. ”

“But is it weird to me that I don't find it odd that I support three million dollars a year without having to review the gallery? ”

“Do you mean to refuse an unpaid favor? ”

“There's no free lunch. ”

She is not an unrealistic woman who is obsessed with art. Know the basics of business

The lack of galleries run by women is clearly a problem of scale. Well, what kind of art doesn't suffer from deficits?

“Who said it was free? My promise is valid only if I get what I want. ”

I handed out a bunch of papers with a list of works.

“Let's take a look. ”

Bette Porter swiped the list and rushed down.

Her face became redder and redder, and eventually elasticity exploded.

“Holy Shit! WOW!”

“Is it that great? ”

“No, you don't know this? Mark Roscoe, Paul Cezan, Jan van Aek, Ticiano…. And Damien Hearst. This is all a human legacy! ”

“Do you know what they have in common? ”

“I told you, it's a masterpiece. ”

She doesn't calm her excitement. You can't even see the name of the cruise gallery, clearly stamped on the bottom of a piece of paper.

“Buy them all. I'm not going to sell them all, of course, but I want you to buy as much as you can. That's my condition. ”

It must have been quite a shock for her. Well, it would cost 300 or 400 billion to buy the whole piece.

“Oh, I'll pay for it in full, so you don't have to worry about money. ”

“Well, who does this work...? ”

She glares back at the paper.

“Cruise gallery! This is all in cruise gallery. ”

“Yes.”

Bette Porter's face was filled with disappointment after checking her name.

“Give it up. The art in the gallery is famous for not seeing the sun again. I sleep in a closet forever. ”

Now I see anger beyond disappointment.

“An infamous gallery that never exhibits masterpieces. It should be on display at least once a year, if not always. If you just hide your work and keep it hidden, you forfeit the obligation of the gallery. ”

“You don't need to exhibit, you need to sell. Not all of them, of course. ”

“What does that mean? Gyeongsang Gallery is not a dealer. ”

“Take my word for it. There's nothing to lose, is there? ”

She's still confused because she's been coming and going with this incredible story for this short time she's met me.

But Beth Porter took a once-in-a-lifetime opportunity.

Like this, the opportunity is not foretold, but revealed at once. We don't have a lot of time to think about whether or not to seize the opportunity.

He's a brute who waits for very little time.