The Joseon Prince Went To America And Didn’t Return – 55



< Avoid it if you can >

“Please take good care of me. Please give me more profit than I can imagine.”

The contract was signed and I immediately deposited a deposit of fifty thousand dollars into the Livermore Trust.

At this Jesse Livermore’s mouth was torn all the way to his ears.

“Boss shouldn’t you stop this? I heard the funds are already depleted…”

Jesse Livermore invested all that money into short selling in less than a day.

It is said that the additional funds to be deposited in the future have already been fully invested.

Livermore’s eagerness to attract investors was evident in his quick investments.

“Brother Boss what you said is right. I just went to the brokerage in front of you and that guy used up all 50000 dollars in one go. I don’t know much about stocks but shouldn’t I buy them in installments?”

Max the idiot next to Aaron also had the same opinion as my brother.

He criticized Livermore’s actions repeatedly biting his fingernails in an anxious manner.

“Look at those eyes. They’re so swollen. They’re just like the look in the eyes of the rascals when they teased the bank manager Giannini by calling him anchovy.”

“What? This fucking Irish kid… Say it again what? Anchovies?”

“Eww Boss! Help me!”

Max oblivious accidentally touched Giannini who was standing quietly next to him.

As Giannini slowly approached me growling Max lowered his tail and glared at me begging for my help.

I lightly ignored Max’s plea for help and approached an excited Jesse Livermore.

“Is work going well?”

Livermore showed me his investment notes with a voice full of joy and briefly explained the current situation.

“Looking at the trend it doesn’t seem like we’ve entered a bear market yet.”

“Oh really?”

“Yes. That is why I plan to continue investing solely with this trust fund without using leverage until the sideways market ends.”

Are you thinking of using all that leverage?

Indeed if Livermore had been an ordinary investor he would not have been given the nickname ‘Heart of the Beast’.

There is a lot of money to be made so you can’t just ignore it.

‘If Livermore touches Leverage my heart will pound too.’

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

Leverage is an investment technique that involves borrowing money from a brokerage firm to buy more stocks than you have.

It can be easily likened to a ‘debt transaction’ or a ‘credit transaction’.

Naturally since it involves other people’s money the investment risk has also increased compared to before.

Of course the expected profits also increase proportionally.

“US Steel is $4.05.”

It is now the early 20th century.

There are no large electronic boards posted in the stock market like there were in the late 20th century.

It was not an era like the 21st century where you could check stock prices in real time on the Internet.

I had to check the stock price board prepared by each brokerage firm one by one to see how the stock price went up and down.

Now Giannini’s men were in charge of the work.

Even though it was still early spring they kept walking back and forth to the hotel we were staying at sweating profusely.

“US Steel is at $4.15. It’s up $0.10 from a little while ago.”

If you’ve invested in common stocks you’ll be happy to hear that news.

But Jesse Livermore is currently all in on the short.

The saying goes that I can only smile if the price goes down.

The faces of the group at the hotel stiffened slightly so Livermore looked at me urgently and gave me some words of advice.

“Your Majesty you must trust me completely.”

Yes sir.

Yeah right.

You are a master of trend trading so you must be doing well.

“Don’t laugh or cry over such small changes.”

Okay I understand.

“Oh but rather than that I have one favor to ask.”

Jessie looked at me with anxious eyes.

His eyes seemed to be saying ‘Surely you’re not planning on withdrawing your investment on the first day.’

“This is the bank manager Giannini.”

I grabbed Giannini’s shoulder who was next to me.

He was currently harassing Max who had been teasing him for a while.

Giannini was startled by my sudden physical contact and let go of Max.

Max ran away with tears streaming down his face.

Giannini glared at Max like that then turned his head towards me.

“Teach our BOI bank president how to trade trends.”

I looked back and forth between Giannini and Livermore and asked Livermore a favor.

“Are you telling me to learn stocks from interest?”

“Yeah. Isn’t this why you came to New York?”

I want to learn advanced financial techniques.

Here is a daily instructor in trend trading.

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

“Can’t we just go back to San Francisco empty-handed?”

At our last meeting I asked Morgan to send a financier to the BOI as a director who could teach him advanced financial techniques.

Giannini who had contacted them three days ago returned with a dark complexion.

‘I guess you ignored Giannini again. They were under Morgan so they must have had similar tendencies.’

That’s why I asked Livermore.

Because I wanted to teach stock investment to Giannini who only knew about small business finance.

‘I don’t know how long Livermore will be under my control. If Giannini becomes a stock magnate I will benefit too.’

Moreover Livermore had already gone bankrupt twice in its history.

That means investing too riskily.

Although Giannini had a fiery personality he was very cool-headed when it came to work so he seemed like he could make up for Livermore’s shortcomings.

“Where are you going Prince?”

After saying that and putting on my coat Livermore and Giannini asked me where I was going next.

“I have a prior engagement. I’ll be back soon so you two should train hard.”

* * *

“Hello this is Christian the editor-in-chief of The Washington Post.”

“Nice to meet you.”

“Would you like to advertise in our Washington Post?”

“That’s right.”

My next meeting was with Christian the editor-in-chief of the Washington Post.

I was in New York on a business trip but I had to return to Washington soon so I had to make an appointment with Izawa in a hurry.

“Oh thank you. I was worried because my ad sales were down this month so this is a good thing. Hmm this is….”

“Information on the Flyer 4 from Wright & Lee. It’s the new version.”

After signing with Livermore I didn’t just stay in the hotel.

I was living a busy life spending every day as if it were 25 hours and I was meeting with major media owners every day and developing friendships with them.

“I would like to put this on the front page but if that is difficult please include it on page 2 or 3.”

I wanted to make a face-to-face contact with the newspaper editor and at the same time I wanted to sell my company to the elders of the federal government.

Christian gave a knowing look.

“Yes yes. I understand.”

“Could you also write an editorial about the Wright brothers?”

“You mean that story? Oh I know that story too. Didn’t the Smithsonian Institution thugs try to take advantage of the two brothers and end up getting hurt in return?”

“That’s right.”

“It seems like they are still spreading bad rumors and I feel sorry for those two brothers. The association bastards are only relying on their own power to drive the two brothers into being shameless criminals. This is an act that has crossed the line.”

“I wish everyone thought like you.”

They’re going to keep advertising in the Washington Post indefinitely until the Pentagon guys get their military contracts fulfilled.

Of course at first we were only going to include simple information articles like this but later we were going to put pressure on the Ministry of National Defense through editorials.

“Well I guess I’ll take my leave now. If you ever visit Washington please stop by our newspaper office.”

“Okay.”

The next day I met with the media owner again.

If the company I met yesterday was the Washington Post the newspaper I met this time was the New York Times.

“Hello Prince. Now that you are a shareholder of the company should I call you shareholder? Is my information correct that you acquired the 2% stake in the New York Times that Sir Gerald previously owned?”

The reason I spend so much money on the media is to secure at least one more hole for myself to survive.

Because during a financial crisis influential media outlets might come after me hard.

Even if yellow journalism doesn’t work it will be difficult if even major daily newspapers join in.

If you become friendly with me or become a shareholder the intensity of your criticism will be greatly reduced.

You can also immediately write a rebuttal article about fake news.

‘America is also a place where people live.’

Like modern Korea America was also intertwined with personal networks.

On the surface America appears to be very fair.

It may seem fair but if you look inside it is surprisingly dirtier than South Korea and is a place where extreme factions are divided into your side and my side.

Because I was well aware of these characteristics of American politics and business I made every effort to win over the media to my side.

“Oh my Prince. It’s nice to see you again. This way.”

After meeting the owner of the New York Times I had dinner with Hearst at a fancy restaurant.

The Hearst Group was the largest circulation newspaper in New York City beating out Joseph Pulitzer’s New York World.

That’s why I also had to manage Hearst who I was somewhat close with intensively.

“I guess you’re very busy these days. I think you meet with major media outlets often…”

also.

As expected from a voyeur he knows my every move.

‘Well I’ve made a lot of excuses. Take them.’

As soon as he finished speaking I handed Hearst one of the documents I had in my arms.

Hurst squinted his eyes at it.

“This is…..”

“This is information about our country’s ancient relics. A high-ranking Japanese minister stole our country’s cultural assets last month.”

After Hurst received the document I handed him he read its contents carefully.

“They are a bunch of scum. So in our terms aren’t you saying that these people stole the decorations that were hanging in the church? And they did it by fraud.”

“okay.”

Hurst smiled broadly and took the information I gave him.

“We’ll report it widely. In fact the editor-in-chief has been complaining lately. He said he has nothing to report on and it’s hard. If we make a little bit of a dramatization and write a provocative article I think we can make some money.”

Do you have any money?

A layperson might think that Hearst benefited from the sale of the newspaper that published the article but I knew the workings of the media industry very well.

‘I guess that means they’ll keep reporting this until the Japanese government surrenders.’

Isn’t that the idea of ​​half-threatening to publish bad articles until the Japanese government commissions a huge advertising budget from Hearst’s media group?

Because the Japanese government past and present is focused on image making.

Moreover the long-standing tradition of the media being like half-robbers continues even though they don’t have knives.

‘Well if we can get our cultural assets back in the process then I’m happy.’

I snickered and asked Hurst.

“Oh you’re not planning on just giving away my information worth like this last time are you?”

“How does this prince look at me?”

Hurst answered me with a sly smile.

“I don’t think I can repay all the prince’s kindness with this amount. How much profit did I make then?”

He answered me by holding up three fingers.

“I will grant you three favors. Oh I already used one for this one so there are two left.”

“okay.”

I snickered and asked Hurst.

“It looks like you had more fun than I expected. You’re giving me three chances you know.”

He predicted that British bond prices would fall while playing poker at the Bohemian Club.

Hudson smiled back at me.

“Yes. Thanks to that I was able to avoid a big loss.”

Originally bond prices and interest rates were inversely proportional.

Unlike general deposits bonds only receive discounts at the beginning of purchase.

It was a little different in nature from a deposit that received interest at maturity.

‘As interest rates rise the discount rate increases. If you can buy it cheaper the value of existing bonds will inevitably fall.’

I just taught them this simple principle.

But to them I was a great benefactor who did them a great favor.

Because at that time many of the American elite were investing in British bonds.

Just as South Koreans in the 21st century invest in American stocks or American bond funds investing in British bonds has become a popular trend in the United States.

I breathed a sigh of relief and pretended to be genuinely concerned about Hearst.

“I was worried a lot because you just let my words slide but luckily you didn’t.”

“Who would ignore the advice of a prince who is a genius in investment? I heard that as soon as Attorney Henney returned home he contacted his cousins-in-law to get them to sell all their British government bonds.”

At the Bohemian Club I played a few games of poker with the high-ranking people.

One of them was prosecutor Francis J. Henney who brought Abe Luef into custody.

‘I must see him when I return to San Francisco.’

I was hoping to connect with someone in the legal profession so this is a good opportunity.

I’m sure Inspector Henney will be grateful to me too.

“If there is anything else you need besides the stone pagoda incident please let me know. I have received such a great favor so shouldn’t I quickly repay the favor?”

“Okay I’ll make sure to come to you when I need help.”

“Oh your highness. By the way. Do you happen to meet people in the financial world often these days?”

“Why do you ask that?”

“Strangely the banks seem to be behaving a little differently these days than they used to. I’m trying to meet with the bank presidents to ask them about this but they haven’t been willing to meet with me since the last donation event.”

You have a quick wit.

I avoided Hearst’s question with a look of utter ignorance.

Then Hearst asked me again with a look of gratitude on his face.

“I don’t know but I know that you and the prince have quite a bit of interaction. Please let me know. I also want to live a little.”

I made a defeated expression at his pitiful expression and secretly leaked a piece of information to him.

“I’m not sure. But if I were you I’d probably have cash in hand.”

“Cash?”

“The era of the bull is over and the era of the bear is coming. Everyone must have been on emergency alert to secure cash whether they knew it or not.”

The bank presidents in New York are all among America’s most elite talents.

They weren’t stupid.

I think everyone is feeling it.

That the era of the Bear Market will soon arrive.

Just when will it start?

The problem is that I didn’t know it would fall so much that it could be called a panic.

‘I guess he thought it was just a passing breeze and tried to avoid it for a while.’

Don’t you have a habit of trying to interpret bad stories in a positive way?

There are also examples where even distant future profits were reflected in the story.

It was similar even now.

“Oh I understand. I have never suffered any harm by listening to the prince.”

“It’s a secret. Don’t confuse people by writing a strange article.”

“Yes yes. Okay.”

There was a reason why I told Hearst this high-level information.

‘It will help Livermore to short sell.’

I promised not to write articles but Hearst called his subordinates and said he would turn the sources I gave him into articles.

If this gets reported throughout New York liquid cash will dry up even more.

Because institutions and even individuals will try to secure cash little by little.

The already dried up liquid funds in the market will become even more empty.

Then panic will descend upon this land even faster.

‘I guess I’ll just eat some popcorn in the middle of it.’

I talked to Hearst laughing heartily.

He seemed unable to concentrate on our conversation as if he wanted to get back to work quickly and write his article.

< If you can avoid it avoid it > End