Chapter 470 Not just for fun!
More than 200 million US dollars, equivalent to about 1.5 billion CNY coins, how should I spend it?
Arthur never thought of putting them in the bank to generate interest, because the US dollar would become less valuable, and other currencies were also depreciating.
Moreover, global inflation cannot be escaped, especially the balance sheet of the US Federal Reserve has increased from US$800 million in September last year to US$2 trillion at the end of last year. It also guaranteed US$8 trillion in debt, so the total is 10 trillion. If credit starts circulation again, huge fear will arise.
Undoubtedly, the Fed intends to use the next bubble to save the current bubble from bursting.
In other words, the financial crisis has not really passed, it just dragged an emergency disease into a slow disease. With the Federal Reserve's "opening the gate and opening the water", the real economy of the United States is a different scene. For example, General Motors' bankruptcy is the largest industrial enterprise bankruptcy incident in the United States. According to information provided by Arthur, General Motors' bankruptcy will cause hundreds of upstream and downstream companies to close down, and one automobile manufacturing job can drive jobs in seven related fields...
On the one hand, the money supply has increased sharply, and on the other hand, the manufacturing industry has continued to decline, and the other has declined. The inflation rate in the United States has begun to rise. It can be expected that it will rise sharply in the future. At this time, the only strategy that the United States can implement is to reduce its own debt pressure through currency depreciation. At that time, the US dollar will depreciate both domestically and externally.
However, since the US dollar is still the world's currency, the United States will pass on its own problems to people all over the world. This is the essence of global inflation.
Of course, these situations and predictions are no longer a secret. People have estimated that inflation is coming, so they intend to prepare in advance to avoid damage to themselves.
However, people's measures to prevent inflation will themselves cause asset prices to rise. In other words, people's expectations of inflation will accelerate the arrival of inflation. In this case, asset prices will be pushed up across the board. Apart from buying stocks and houses, only gold is the safest investment.
However, Arthur, who no longer wants to accumulate too much money in gold, has invested almost $200 million in the US stock market. As for real estate, it is even more of a hundred units purchased, and the speed of spending money is crazy.
Some people say that how strong the ability to spend money depends on how broad the imagination is. Some people say that having money can turn random thoughts into fantasy ideas, and can also give you reasonable reasons for everything that is unreasonable.
Spending a sum of money cleverly is as difficult as earning this sum of money. A person's ability to spend money hides the wisdom he has seen. Living through life with frugality can only be called survival. Those who can spend money, save money, and make money are the ones who can truly live a good life.
Everyone has their own opportunities in making money. In terms of spending money, one can best see a person's basic qualities and mentality. Many people will not spend money when making money. This is the reason why "we are not as rich as three generations".
Arthur has always believed that being able to spend money is also a skill, and spending money in the most worthwhile place and in places that will enhance personal value.
But these 200 million US dollars are indeed a little small.
However, the best spending point is high-quality assets. Arthur knows better than anyone else how big the asset bubble will be blown up in the future.
The next morning, Arthur leaned on his pillow and drank the morning tea prepared by the maid who had been transferred from Los Angeles, and enjoyed his English breakfast while reading the newspaper.
When he saw the news from the New York newspaper that "Mcdy will not return to the Knicks, summer special training will determine whether he will retire." It was like a flash of lightning that opened the sky of his thinking.
"I'm so stupid. Since I want to have influence and great fame in the United States, why not buy a team? Just like the desert tyrant, the bear country tyrant, and the American vampire investing in the Premier League, why don't I buy an NBA team to play? It's very cheap now..."
Arthur patted his forehead with some annoyance. If he wanted to quickly integrate into a strange country and quickly develop his influence and interpersonal network, the best way was to start from entertainment and competitive sports. In this regard, the local tycoon Abu was the most typical role model, not to mention the huge business opportunities hidden behind professional sports.
In my previous life, I brag with my friends. When I got rich, I bought the Los Angeles Lakers and asked Kobe to play with him.
But the market value of the Los Angeles Lakers is really a scam.
There is also an arrow with a little giant. However, Arthur knows better than anyone else that the countdown of the day when the little giant stays in the NBA, and more than 200 million US dollars can't be bought...
Since he had already had a goal, Arthur no longer hesitated, nor would he drag on it. He picked up the phone and arranged this new task for his subordinates.
Find out the details of the NBA team's deal and investigate the NBA teams that currently have intentions to sell.
The boss moved his mouth and his subordinates ran and broke his legs.
Being a boss is good. No matter what you need, there are a group of people who work hard for you.
Soon, his subordinates sorted out the information he needed.
Looking at these information, Arthur was also a little surprised. It turned out that he thought things would be very simple. As long as the money was in place, he could buy a team. Just like the Premier League, it would be enough to review these melodramatic situations. However, things were not that simple.
Moreover, in NBA, it is not easy to sell the team. You cannot sell the team to vent your anger because you are in a bad mood. If a team boss submits an application to sell the team, then the remaining 29 team bosses of the NBA Council composed of 30 team bosses must at least 22 people vote for the consent before the team can be sold.
In terms of choosing a new boss, NBA has a special financial committee to estimate the possible situation after the change of ownership. Only bosses who estimate that they will bring benefits to the team's future development can buy NBA teams.
What's even more speechless is that not everyone can become an NBA boss, it's not just a matter of money. NBA needs to review the qualifications of the team's buyer's new boss. If the review fails, it will be useless no matter how rich you have.
When Jerry Bass acquired the Lakers, the league management believed that Bass was a huahua boy, and it was difficult for such a person to run the team safely. The league intentionally refused to approve Bass to take over the Lakers. It was not until Bass submitted a plan to develop the Lakers that his proposed concept of combining entertainment and sports moved the league management and passed the review.
In addition, if the team's new boss wants to move to the city with the team, then I'm sorry, it is likely to be voted against by the NBA Council.
Therefore, whether it is for sale or purchase of a team, it is not something that can be negotiated just by sitting down and having a meal. It takes a long time of inspection, negotiation, and qualification review to finally determine whether the NBA team has changed hands.
However, the only good news is that there are really many teams that are interested in selling, giving Arthur a lot of choice.
It has to be said that the current situation of NBA can be considered in chaos, and there was a crisis of stopping. Many bosses were afraid that NBA would lose all their investments, so many bosses wanted to sell the team at that time.
Chapter completed!