Chapter 78 The Seventy-Eighth Day of Not Running Away The Seventy-Eighth Day of Not Running Away...
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Chapter 78 The Seventy-Eighth Day of Not Running Away The Seventy-Eighth Day of Not Running Away...
When Wen Chan and the others arrived, Zhang Yurong was talking to Darren, Matt, and the others. Seeing them return, Zhang Yurong smiled and invited them in, asking with concern, "Where did you all go?"
Wen Chan smiled and tilted her head back, not in a hurry to stand up from her wheelchair to show her assertiveness: "Let's go for a walk. The air here is quite fresh."
Darren Matt and the others couldn't help but scrutinize Wen Chan.
Judging from her appearance alone, this Chinese woman was indeed very beautiful. She had long, flowing hair, delicate features, and a cool yet sharp demeanor. Even in a hospital gown, she was not to be underestimated.
"This is Miss Wen, and this is Matt Darren..."
Zhang Yurong gave a brief introduction.
Wen Chan nodded to them. Just from the introductions, she could tell a lot of things were going on. For example, Zhang Yurong introduced Matt first, and Darren and the others also centered around Matt, which showed that Matt must have a relatively high position in the fund.
If nothing unexpected happens, I'm afraid I'll be the one to take Mr. Matt's position this time.
"Although this is our first meeting today," Zhang Yurong introduced, then suddenly realized something was amiss and glanced back and forth between the two groups of people, "I believe we will be able to cooperate happily in the future."
Darren burst out laughing, his shoulders shaking with mirth.
Wen Chan glanced at him. "Mr. Darren, what's so funny?"
Darren's smile faded, and he nudged Matt on the shoulder. "It's nothing, just a joke we heard on the way here."
"Really? What joke? Darren, tell us about it." Zhang Yurong wanted to lighten the mood, so she smiled and took the lead in the conversation.
Darren shrugged. "Nothing to say."
Matt and the others chuckled.
The fat man was furious. Although he couldn't understand English, he could understand the sarcastic tone of these foreigners even without knowing English.
He whispered to Jiang Zihan, "Damn, these foreigners have no manners at all. Aren't foreigners supposed to respect women? How come these guys are so petty?"
Jiang Zihan also felt disdain for Matt and the others.
Seeing the atmosphere suddenly become tense, Zhang Yurong felt a little helpless. She was about to speak when Wen Chan gave her a look.
Zhang Yurong hesitated for a moment, then stepped aside to watch Wen Chan perform.
Wen Chan pushed the wheelchair forward, looked up at Matt and the others, and said, "You're deliberately trying to embarrass me, aren't you?"
Her English pronunciation was perfect, and even if Darren and others wanted to find fault with it and used their accents to make sarcastic remarks, they couldn't find anything wrong with it.
Darren was secretly puzzled. Wasn't he supposed to be Chinese? When did just any Chinese person become able to speak fluent London-accented English?
“No, you’re overthinking it,” Darren said with a smile. “Why would we treat a beautiful woman like that?”
That sounds nice, but it basically means she's just a pretty face.
Wen Chan raised an eyebrow, pushed her wheelchair to the bedside table, took out a document and threw it on the bed. "In the past few years, I have read the annual report of the Particle Fund. Last year, your investment lost one million US dollars. It has been almost five months since this year. The fund has been established for three years now, and the cumulative net value is only 500,000 US dollars. The annualized return is still negative. Currently, three LPs have withdrawn their investment. In other words, the actual funds available in the account are only three million US dollars."
"I really want to find one or two impressive figures in the annual report to praise you, but judging from your operational data, I'm afraid even a pig in your position wouldn't do any worse than you."
Darren, Matt, and the others were initially taken aback, surprised that this country bumpkin woman could understand financial statements and analyze them so logically. Then they were enraged.
Anyone who is told they're not much smarter than a pig will be in a bad mood.
Matt, in particular, frowned, his face, as handsome as a Hollywood male model, suppressing his anger. "Apologize!"
Why should I apologize?
Wen Chan had no intention of dealing with these people properly. If they were really capable, it would be worth it if she had to swallow her pride and curry favor with them. But these people were not top-notch operators at all. With the insight Wen Chan had gained in her previous life, she could tell at a glance what they were really capable of.
Beneath the facade of Armani haute couture, Ivy League education, and seemingly elite individuals, they are actually just empty shells.
Wen Chan crossed her arms and rested her elbows on the armrests of her wheelchair. “Did I say something wrong? Have you checked your turnover rate? You have to pay transaction fees every time you trade. If you made a profit from trading stocks, that would be fine, but most of the time you buy high and sell low. I suspect you’re cooperating with market manipulators and colluding to make money from fund LPs.”
This is the most serious accusation.
Matt immediately retorted, "How could that be? If that happened, our license would definitely be revoked!"
Wen Chan shrugged, his movements and posture just like Darren's earlier. "On Wall Street, anything is possible."
They stared at each other, their gazes filled with tension.
Darren, unable to contain his anger, demanded, "Then what have you accomplished?!"
Wen Chan said calmly, "My achievements are not great. I only made more than two million yuan in the stock market in just one year. In addition, I also helped Miss Zhang make several million yuan."
Darren and the others looked at Zhang Yurong.
Zhang Yurong nodded. She could see that Wen Chan had completely taken control of the situation, and she was obviously superfluous.
She wasn't lying.
Darren and the others looked somewhat embarrassed.
On Wall Street, racial discrimination, gender discrimination, age discrimination, whatever else is acceptable, the most important thing is achievement.
If you can make money, you're God on Wall Street.
"If we're talking about profit margins, my current profit margin is probably around six or seven hundred times."
Wen Chan said, "If any of you achieves more than me, I am willing to step down and give way to a more capable person."
Everyone looked at each other, and for a moment, they felt a little awkward.
Among them, Matt is the most talented.
Darren gently nudged Matt and squeezed out a sentence through gritted teeth: "This Chinese woman is bullying us, let's teach her a lesson."
Matt was also unconvinced, but his best deal was shorting oil earlier this year during the Gulf War, earning him hundreds of thousands of dollars.
Although he predicted the changes in the futures market in time, due to his conservative approach and fear of losing money, he used too little leverage and at most only made a return of 100%.
But this performance is considered outstanding even within the Particle Fund.
"Halo, does anyone have an even more impressive achievement?"
Wen Chan spread her hands, looking at Matt and the others defiantly, "I'm all ears here."
“Even if you make money in the Chinese stock market, this is America. You’ve only been here a short time, May,” Matt was clearly a smart man. Knowing that he couldn’t compare to Wen Chan in terms of actual achievements, he looked for another angle.
He was serious and earnest: "The situation in Wall Street's stock market and futures is very complicated. People who don't understand American politics and the global landscape simply can't handle it. Putting aside everything else, everyone here started as a basic intern and worked their way up for four or five years before they were qualified to manage investments. How many years has she been doing this? Which university did she study finance and investment at? Why does she think she can become our leader right away?"
Matt's questioning of this point is indeed entirely valid.
Zhang Yurong also knew that even her uncle had expressed doubts about the cicadas she had brought from China.
But Zhang Yurong trusted Wen Chan. For some reason, Wen Chan always gave her a feeling of confidence, as if victory was in her grasp.
"I can do one or two deals first to show you my capabilities."
Wen Chan didn't want to waste words with Matt and the others, and she knew that they doubted her ability to answer their accusations, so the best answer was her grades.
As long as you make money, no problem is a problem.
“I have already identified several stocks that I like. Microsoft and Intel are both good options. I request that the funds invested in energy stocks be redirected to Microsoft and Intel.”
Wen Chan said calmly.
She had clearly done her homework beforehand. "Also, Ms. Zhang, please install a computer here so I can see the latest stock prices on Wall Street."
“No problem.” Zhang Yurong agreed, then looked at Matt and the others: “What do you guys think?”
"Whatever," Matt said, crossing his arms and giving off an aloof vibe.
Zhang Yurong was efficient and quickly found someone to install the computer.
The next day, Wen Chan remotely controlled Matt to buy Microsoft and Intel at low prices.
With energy stocks currently in a slump, Particle Fund's investment has resulted in another loss.
Darren clutched his chest, leaning against his desk, completely losing interest in the view outside the window. "We finally made some money and then lost it all back. I'm bullish on energy stocks, and so are you. Why didn't you advise May to keep at least half of her holdings? Energy stocks are sluggish right now, but they'll pick up sooner or later."
Matt said, "May is too young and too naive. She doesn't know what kind of spell that Chinese woman, Wen, has cast on her. She trusts Wen so much. If our losses aren't too great, May won't change her mind."
Darren immediately understood Matt's plan. He stood up, hurriedly closed the door, and then returned to Matt, saying, "You're deliberately cooperating with that woman to make the fund suffer a huge loss."
Matt, pen in hand, legs crossed, glanced at the current stock market and said indifferently, "If it weren't for this, would May have been willing to give up her unrealistic fantasies? What a naive little girl, really thinking that just anyone can manage the Particle Fund and make a fortune on Wall Street. I stopped believing in fairy tales when I was five."
Darren hesitated. Although he also disliked Wen Chan, he didn't have any ill feelings towards May. Compared to other inhuman bosses on Wall Street, May's advantage was that she came from a wealthy family and was kind and generous. Last year, when they lost money, May still paid out of her own pocket to give them year-end bonuses.
In other funds, they would have been kicked out of the institution long ago, packing their bags.
Since last year, the stock market on Wall Street has been sluggish, and there are countless people being laid off. In New York, you can hear about people jumping off buildings every now and then.
They can still afford the rent for an apartment and the car loan for a Nissan, all thanks to May.