The Joseon Prince Went To America And Didn’t Return – 53



< Great Bear – Paid from here on out. >

About a hundred people were gathered in a shabby building that looked like it could collapse.

Everyone took time out of their busy schedules to attend this event to hear a man’s investment briefing.

“Oh hello ladies and gentlemen.”

As written on the flyer at 1:00 PM the main character of the day appeared in the lecture hall.

Jesse Livermore began to greet each and every one of the audience members seated in their chairs handing out the materials he had brought.

“Well it’s nice to meet you. I’m sorry for the trouble you’ve had to endure in coming all the way to this shabby place.”

Jesse Livermore had a very nervous look in his eyes.

I have held investment briefings several times so far but I have not been able to achieve satisfactory results.

‘If I hadn’t stuttered I would have already attracted investors…’

This bird’s chest is the problem.

Jesse Livermore has invested like a beast with the heart of a beast when it comes to stocks.

But strangely whenever I stood in front of the public my hands feet and mouth would tremble.

This caused serious disadvantages in his social life.

Because everyone who met Jesse Livermore for the first time distrusted him when they saw that side of him.

“Why did you all come here? Yes that’s right. To become rich.”

He clenched his fists and tried to shake off the tension as much as possible.

But against his will his mouth continued to tremble causing him to continue to stutter.

“From Mrs. Ha up ahead to Mr. Brad who sells fruit in Brooklyn they all came here for the same reason. Am I wrong?”

“That’s right that’s right.”

“Livermore! Let’s cut the introduction short and get to the point. I didn’t come here to listen to you stammer.”

Jesse Livermore nodded in agreement at the urging of an audience member.

“Yes yes. That’s right. Your time is also gold.”

Jesse Livermore headed toward the table in the center of the podium.

After he stood there he created an atmosphere as if he was about to say something important with a solemn expression on his face.

“Before we get to the main topic I would like to make a prediction. This prediction is deeply related to the story I am about to explain so please listen carefully.”

Get notified for updates: https://discord.gg/93rmBjgP6B

Then he took a deep breath and slowly began to string together the words.

“I I think that within a month our U.S. stock market will crash.”

He took a step forward and even mentioned specific figures.

From a minimum of 33% to a maximum of 75%.

A pessimistic outlook was put forward that the average would be cut in half.

Groan groan-

The audience gathered at the briefing hall laughed at Livermore’s prediction saying that he was talking nonsense.

“Why do you make such a claim? Is it because the stock market is moving sideways these days?”

“That’s right. That too is a high point signal.”

It has fallen by 10% since the earthquake.

The stock has been moving sideways for three months now.

Another major crash in that situation.

People grumbled and looked at Jesse Livermore with distrust.

Livermore quickly opened his mouth to add weight to his argument.

“You guys are deliberately ignoring the signals that the stock has peaked. That’s the big deal.”

Livermore tried to calm the boisterous audience by citing examples from his research on the past history of the U.S. stock market.

“As a recent example I can mention the New York Stock Exchange in 1903 four years ago.”

Livermore walked over to the blackboard and scribbled four numbers: 1903.

Then he told the audience to look at page 4 of the materials he had distributed.

“I saw the data you gave me. It says that in 1903 our stocks fell by an average of 15%.”

“That’s right.”

David who was listening from the far left protested Jesse Livermore’s explanation with a negative expression.

“It fell by 15% back then but why is it now half? Aren’t you exaggerating the current decline and being pessimistic?”

“It may seem like an exaggeration but it would be easier to understand if you think of it as a skirmish.”

Jesse Livermore explained to them one by one the evidence he had collected.

But the atmosphere in the investment briefing room was still cold.

That’s because most people here own stocks in different companies but they all own a small amount of stock.

Moreover the U.S. economy has grown continuously since 1890 and every single one of those years ended in a bull market except for 1903 which Jesse Livermore mentioned.

“Looking at the investment prospectus it seems like they say that our backward financial system in the United States is the biggest factor. Why do they say that? Even though we are descendants of Europe aren’t we experiencing remarkable economic growth?”

Moreover Jesse Livermore was stammering and speaking unreliably.

The clothes he was wearing and the lecture hall where he gave the investment briefing were shabby which further amplified the distrust of potential investors.

In response to a young man’s question Jesse Livermore began writing on the blackboard.

“Let me explain later.”

GOLD

After writing the word gold in large letters in the center he tapped the chalk under the D and talked about gold.

“Our country the United States has adopted the gold standard. We can print as many dollars as we have gold.”

“I know.”

Join our discord and ping me to update more chapters. Discord: https://discord.gg/93rmBjgP6B

“How much gold do you think we have in the United States right now?”

“There are a lot. A lot at that.”

The old gentleman gave a sarcastic reply as if he were mocking Jesse Livermore.

Jessie was a little flustered but she was able to move on calmly since she had heard a similar answer at the last briefing session.

That’s why I could ask the old gentleman back what the right amount of gold was currently circulating in the market.

“Since it is being distributed well wouldn’t the economy be this good?”

Jesse Livermore said it was because of the great earthquake in San Francisco.

This is why the Bank of England raised interest rates which it argued was drying up gold in the United States.

A woman raised her hand and loudly disputed Jesse Livermore’s claims.

“Do you know how much gold the British banks gave to the San Francisco evacuees? They distributed a whopping $100 million worth of gold to the West. What kind of nonsense is this to say there’s a shortage of gold?”

Investors began to rise from their seats one by one as their patience reached its limit.

“Okay let’s go.”

“We can’t trust our fortune to that stutterer. No matter how I think about it he seems like a fraud.”

Jesse Livermore was in a hurry.

Because I experienced a similar scene a few days ago.

“Please listen to what I have to say.”

Jesse Livermore backed up his argument with objective facts that gold in the United States is drying up because of rising interest rates in Britain.

But those words fell on deaf ears of the angry audience.

“So? Our stock market is being cut in half because of this? Because of that Bank of England?”

A woman glared at Jesse Livermore and asked him one final question.

“But why a month later? Why a month later not today or tomorrow?”

“that….”

In fact Jessie didn’t know much about this part either.

It’s just that the American system has become very weak so roughly at least a month and up to six months.

It was only a rough estimate that it would collapse in the meantime.

He boasted that if it doesn’t collapse he himself will become the trigger and prove the weakness of the current New York stock market.

Okay then.

The investors started to leave glaring at him as if to ask what the hell he was talking about.

If a neat-looking person had said the last words with confidence his words would have been credible but when a man who had been stuttering all day said those words my trust fell through the floor.

“Ugh. I wasted my time.”

“Do you know what people call people like you? They call you a conspirator. You get it?”

Even a young man with an innocent appearance who looked like he had just come up from the countryside got angry and stormed out of the investment briefing session.

Jesse Livermore had no choice but to turn away such would-be investors.

* * *

“Today was another waste of time.”

The floor of the packed event hall was littered with flyers that Jesse Livermore had distributed.

These are all things that the prospective investors who came today have abandoned.

Everyone was so angry that they left trash on the floor.

Jesse Livermore picked it up and recalled the innocent-looking young man from earlier.

“Southern country bumpkin. I thought I could get some investment from this guy…”

I guess he’s a conspiracy theorist not a conspiracy activist.

Jesse Livermore muttered to himself mocking the Southern hillbilly’s pronunciation.

“This is a real opportunity. Why doesn’t everyone believe me? More importantly why are you talking properly now?”

If they seize this opportunity not only they but also they can become rich.

Jesse Livermore was pitiful.

He was about to end his lecture today wondering if there were any good investors who would believe in him and invest in him.

That was when.

“Brother. It was full earlier.”

“XX. It looks like you all got lost while I was out buying food with the prince.”

Men with strong Italian accents enter the empty lecture hall.

I raised my head and exchanged glances with them.

omg!

They all have a bad impression.

It was as if the mafia was out to get him.

“Are you also an Oriental?”

There was an Asian man among a dozen or so white people like the only man among women.

That alone was striking enough but the group’s appearance was also very heterogeneous.

It was as if a dozen mafiosi were escorting one Asian man.

“Mr. Seo. Are you here because you are interested in my investment lecture?”

Then a white man with a rough look like a mafia member standing next to the Asian man crossed his arms and corrected Jesse Livermore’s words.

“Not teacher but prince.”

“yes?”

“Are your fucking ears covered with scaffolding? This kid is really hard to understand. This guy is not a teacher he’s a prince.”

Jesse Livermore almost wet his pants.

This was because a big fierce-looking guy scared the Oriental man next to him by calling him a prince.

“Again again. If you speak so harshly won’t Mr. Livermore be scared? He should also think about your grim expression.”

“I’m sorry Your Majesty.”

The Asian man extended his hand toward Jesse Livermore who was crouching on the floor.

Then I stood him up and started introducing myself.

“Nice to meet you. My name is Lee Kang. Please take care of me.”

* * *

When I worked as a lobbyist the TV was always on in the reception room at our company’s headquarters building.

I used to mostly turn on news channels like CNN CNBC and FOX NEWS.

“Fuck that fucking bastard is back again.”

“How many Doomsdays is this? Aren’t you tired of the Great Depression? ”

“You’ll age gracefully. Just kill me on your way home from work you damn dog.”

My colleagues hated one guy on TV.

Regardless of race gender or age whenever that guy appeared he would spit out curses.

“That damn Doctor Doom.”

“Is that all if I’m a professor?”

Professor Nouriel Roubini of New York University aka Doctor Doom.

Whenever Lee appeared on TV programs he would shout about a sharp drop in interest rates.

The United States like Korea invests in real estate but most of its assets are invested in stocks.

Most of my colleagues were in similar situations and whenever this guy appeared on TV the stock price would inevitably plummet.

That’s why we really hated Roubini.

‘The original Doctor Doom is here.’

Jesse Livermore was an investor who made a huge amount of money by betting short unlike others during the panics of 1907 1920 and 1929.

A true beast who made $100 million with less than a million dollars during the Great Depression.

‘He’s the guy who’ll become an overnight star when everyone goes bankrupt in this financial panic.’

There is also a famous anecdote in the history of the Yuan Dynasty in which JP Morgan invited interest to overcome the financial panic of 1907.

You invited me to your Manhattan office and then held me half-captive and threatened me to stop shooting shorts?

I looked around and approached Jesse Livermore the Doctor Doom of this era.

“Is the investment briefing still possible?”

“yes?”

“I asked if you could give a lecture just for me. I’m a rich man with more money than you think.”

“iced coffee….”

He gives me back the material that Jesse Livermore gave to the assembled audience.

“Here first please take this report. Where should I start? Oh do you know any basic economic knowledge? There was a big earthquake in San Francisco last year…”

I interrupted Jesse waving the material he had given me.

“Oh I’m from San Francisco. I’ve had enough of the earthquakes. And the Bank of England’s interest rate hike. Where did you analyze this data? That’s what I want to ask you first.”

I approached Jesse and looked into his eyes.

By cleverly blocking the rest of his party from view Jesse Livermore strangely became less stammering.

“I analyzed it in my head. I borrowed books on stocks from the Columbia University library and tried to predict when the panic would come.”

Jesse Livermore pointed me to a page from his report and emphasized the following:

“Oh just in case you misunderstand I’ll say something. I don’t just shout short. I’m a trader who strictly follows the trend.”

Yes I am saying that I am not a short-lister like Rubini who only calls for short positions.

However he became famous for his short stories and people called him the Great Bear.

I looked around and asked him.

“I see you’ve been trying to gather people by holding investment seminars. So how many people have said they’d invest in you?”

Jesse Livermore looked sullen and depressed.

“There isn’t anyone yet.”

“Not a single person?”

“yes.”

Well who would entrust a large sum of money to someone who stutters like this?

I looked at Jesse Livermore with sparkling eyes and held out my hand.

“Would you like to write history with me?”

< Great Bear – Paid from here on out. > End