Buying Buffett's lunch to raise the stock price was not Chen Yu's idea.
In fact, someone had done this in Feng Yu's previous life.
In Feng Yu's previous life, Zhao Danyang had done this.
At that time, he was running a stock, and he spent 2.11 million USD to buy Buffett's lunch.
When he was eating with Buffett, he recommended his own stock to Buffett.
Because of this, the stock price increased by more than ten times.
Before Zhao Danyang, in 2006, Duan Yongping in Bubugao spent 620,000 USD to buy Buffett's lunch.
Why did Duan Yongping buy Buffett's lunch?
He did not recommend the stock.
At that time, Duan Yongping had made a lot of money through a series of investments. He had a lot of cash and did not know what to do.
So, he asked Buffett for advice.
Of course, this was only one of the reasons.
The most important reason was that Duan Yongping wanted to thank Buffett.
Duan Yongping had always treated Buffett as his idol, and he had always used Buffett's ideas to run his business.
This made Duan Yongping very profitable, and he used the lunch as an opportunity to thank Buffett.
Moreover, Duan Yongping had brought the young Huang Zheng along to sign the contract. Everyone knew what happened after that.
Huang Zheng established Pinto Duoduo.
Of course, other than this, there was also the plot in the movie of the richest man in Feng Yu's previous life.
The main character, Wang Duoyu, invited Buffett for lunch to spend his money.
Wang Duoyu had spent a huge sum of money to invite Buffett over, after all.
However, he did not expect that something bad would happen after lunch.
His stock price increased by a few times.
It might seem like an exaggeration here, but that was how it was in reality.
However, this was 2005, and Zhao Danyang had not started yet. Duan Yongping also did not have the intention to buy Buffett's lunch.
If Chen Yu bought Buffett's lunch, he would be the first Chinese to buy Buffett's lunch.
After talking to Wang Dongsheng, Chen Yu immediately took action.
The annual Buffett's lunch auction had started.
However, this auction did not need to be held live. He only needed to auction it online.
It was similar to the auction system in e-commerce.
If you wanted to buy Buffett's lunch, you could bid online.
Therefore, this was very convenient.
This time, Buffett's lunch auction website was eBay. Chen Yu registered an eBay account and searched for Buffett's lunch.
At this time, Buffett's lunch had already begun, and there were already 30 people participating.
"One hundred thousand dollars."
Without hesitation, Chen Yu keyed in 100,000 USD.
The starting price for Buffett's lunch was $25,000.
From 2000 to 2003, the transaction price hovered around US $25,000. After the auction was put online in 2004, the transaction price instantly skyrocketed by 10 times. Last year, in 2004, the transaction price was 250 thousand USD. Although it was only sold for 100,000 USD, judging from the current situation, the final price was definitely more than 250,000 USD.
However, compared to the current transaction price of a few hundred thousand USD, Chen Yu naturally didn't care.
Chen Yu would even be willing to pay millions of USD for Buffett's investment in the stock market, let alone a few hundred thousand USD.
"$120,000."
After Chen Yu placed a bid of $100,000, someone quickly placed a bid of $120,000.
In order to end the auction as soon as possible, Chen Yu directly entered 200,000 USD.
Such an increase in price surprised the people who were participating in the auction.
However, the people who came to auction Buffett's lunch were not short of money. Soon, someone increased the price to 210,000 USD.
Chen Yu directly increased the price to 300,000 USD.
"$310,000."
"$400,000."
"$410,000."
"$500,000."
In the end, Chen Yu threw in 500,000 USD and won the right to have lunch with Buffett.
This figure was more than 100,000 USD higher than the final price of 350,000 USD in 2005 in his previous life.
Of course, this wasn't important.
Chen Yu didn't care about this small amount of money.
Immediately, Chen Yu announced this to the media.
[Buffett's lunch set sky-high price.]
[$500,000 to have lunch with Buffett, are you willing?]
[The person who bought Buffett's lunch is a Chinese.]
[Identity revealed. The chairman of Huanyu Technologies, Chen Yu, bought Buffett's lunch.]
As the god of stocks, Buffett naturally had countless topics to talk about.
Especially when it came to the stock market.
When the news of a Chinese person buying Buffett's lunch spread, the stock market that was about to fall suddenly reversed.
At the end of the day, the stock market rose to 1%.
One had to admit that Buffett had this kind of charm.
What was the connection between a Chinese person buying Buffett's lunch and the rise of the A share price?
Only God could figure this out.
"He really is the god of stocks."
Chen Yu also exclaimed.
Sometimes, the stock market was just this irrational.
Even if there was no movement, just a Chinese person buying Buffett's lunch could cause the A share price in China to rise.
Judging from this, Chen Yu buying Buffett's lunch was worth it.
"Mr. Buffett, the person who bought your lunch is the chairman of Huanyu Technologies, Chen Yu."
"Chen Yu, I've seen him before."
"Yes, he is a genius."
"I didn't expect him to buy my lunch. But I am also very interested in him. "
After knowing that the person who bought his lunch was the chairman of Huanyu Technologies, Chen Yu, Buffett was very excited.
As for Chen Yu, he was very impressed.
In addition to admiring Chen Yu's outstanding business genius, Buffett also made a lot of money from Chen Yu's two websites in North America, WeChat and Huanyu Video. He just didn't expect Chen Yu to actually bid for his lunch. However, wasn't this a wonderful thing?
Buffett took out his phone and called Chen Yu.
"Hello, Chen Yu, this is Buffett."
"Mr. Buffett, I didn't expect you to call me personally."
"Haha, you bought my lunch, of course I have to call you."
"Thank you, Mr. Buffett."
"When do you want this lunch to start?"
"As soon as possible. Oh yeah, can I ask for something?"
"What is it?"
"Can you come to China for this lunch?"
"Oh, China."
Buffett was a little surprised.
This was because Buffett's previous lunches were at a steakhouse in North America.
At the same time, no one suggested to change the lunch location.
But after all, Chen Yu was the auctioneer, so Buffett didn't refuse.
"Chen Yu, your suggestion is very good. I actually want to come to China. Now that I think about it, I haven't been to China for 10 years. "
"Oh, Mr. Buffett, you've been to China before?"
"Yes, I came to China with Bill in 1995. I didn't expect China to develop so quickly after 10 years. I don't know if I still remember the situation when I came to China. "
"Then I welcome you even more."
"Okay, how about next Monday?"
"No problem, I'll wait for you in China."
Buffett was very interested in Chen Yu.
Chen Yu was also very interested in Buffett.
Therefore, this lunch went very quickly.
They had just bought the lunch, and they would have lunch together the next Monday.
This speed surprised the media again.
Perhaps this was China's speed.
…
"Mr. Lu, are you coming to Shencheng next Monday?"
"Why are you coming to Shencheng?"
"Long time no see, I miss you."
"Damn you, didn't we see each other a few days ago in Hangzhou? It's only been a few days."
"A day without seeing each other feels like three years."
— —
"I think you're up to something bad again."
"What bad idea? I'm not. Okay, let's be serious. I'm inviting Buffett to lunch next Monday, and I want to invite you. "
"Can I come too?"
"Of course."
Chen Yu nodded.
According to the rules, the person who bought Buffett's lunch could invite up to seven people to lunch with Buffett.
Chen Yu couldn't go alone, so he called Lu Xue.
"Okay, see you next Monday."
As for Buffett, no one would reject him.
Not to mention Lu Xue, who was already managing the store.
Then, Chen Yu called Zhang Jianming.
Finally, Chen Yu called Zhao Danyang.
Yes.
Zhao Danyang, who bought Buffett's lunch in his previous life, was now working for Chen Yu.
As the head of the investment department of Huanyu Technologies, Chen Yu gave Zhao Danyang the opportunity to have lunch with Buffett in advance.
However, when Chen Yu told Zhao Danyang that he would have lunch with Buffett next Monday, Zhao Danyang couldn't believe it.
"Really, Boss Chen, you want me to go with you?"
"Why, you don't want to?"
"No, no, no, I'm willing. I'm more than willing."
Zhao Danyang was a little excited.
Zhao Danyang had guessed that Chen Yu would invite Zhang Jianming, Li Nan, Wang Chang, and the other founding members.
At Huanyu Technologies, he would never get the chance.
However, he didn't expect that Chen Yu would only invite Zhang Jianming and not the other founding members. He even asked him to accompany him.
This made Zhao Danyang even more excited than having lunch with Buffett.
"Since you're willing, get ready. Next Monday."
"Okay."
"If you have any questions, you can ask Buffett when the time comes."
"Thank you, Boss Chen."
"You're welcome. I still need you to make money in the stock market."
Although it was a rare opportunity to have lunch with Buffett, Chen Yu didn't invite just anyone.
This time, it was not easy to chat with a large group of people.
Chen Yu, Lu Xue, Zhang Jianming, and Zhao Danyang were just right. He didn't have to invite all seven people.
As for why he didn't invite Wang Chang, Li Nan, and the others.
Chen Yu thought.
There were many successful experiences in this world. Buffett was one of them. Not everyone needed to have lunch with Buffett to be successful.
…
Hot Pot Beauty.
Many people didn't expect that Chen Yu arranged lunch with Buffett at Hot Pot Beauty.
Of course, this was too easy for Chen Yu to understand.
This time, he didn't invite Buffett to lunch to learn any experience or wealth. He did it for a trick.
Since it was a trick, why not patronize his own restaurant?
In this regard, although Buffett didn't know much about hot pot, he was very willing to try it.
"Mr. Buffett, long time no see."
"Yes, long time no see, Chen Yu. You haven't been to North America for a while."
"Yes, I will. After a while, I will go to North America for a business."
"Oh, I'm looking forward to it."
Chen Yu and Lu Xue greeted Buffett at the airport.
Four bodyguards and a manager of the Glade Foundation came with Buffett.
The money from Buffett's lunch was donated to the Glade Foundation.
The purpose was to provide medical care, food, housing, and so on for the poor and homeless.
This was a charity organization.
At that time, Buffett's wife had been working as a volunteer for the foundation for 15 consecutive years. During the 15th year, Buffett's wife told the foundation's manager that she was Buffett's wife. At that time, the foundation's manager almost fainted. Because in the past 15 years, he now knew that this woman who had been working as a volunteer for so many years was actually the wife of the stock god, Buffett.
Later, Buffett's wife found out that the Glade Foundation had a financial problem, so she came up with the idea of Buffett's lunch.
The money from Buffett's lunch would be donated to this foundation in order to better help the poor.
In addition to the foundation's manager, there was also a reporter accompanying them.
However, according to the usual practice.
Whether it was the Glade Foundation's manager or the reporter, they would not interrupt.
They were only responsible for recording the content of Buffett's lunch conversation.
"Mr. Buffett, please take a seat."
"This is our China's specialty, hot pot."
With Buffett, the group of people came to the headquarters of Hot Pot Beauty in Shencheng.
The whole lunch time was three hours. Chen Yu had plenty of time, so he introduced the hot pot to Buffett.
In order to accommodate Buffett's taste, Chen Yu used a San Xian pot base and a small pot base for each person to eat together.
"Mr. Buffett, look, this is tripe. Rinse it here. We have a formula for eating tripe. It's seven up and eight down. Rinse it in the pot 15 times and you can eat it. Of course, if you don't like tripe, you can eat beef. You only need to rinse it for 10 seconds. "
While rinsing the hot pot, Chen Yu taught Buffett.
Although Buffett felt that the taste of the hot pot was different from what he liked, he was very interested in this new way of eating.
"Haha, interesting. This hot pot is very interesting."
"However, this chopstick is very difficult to hold."
"Take your time. It's very easy to hold."
Half an hour later, everyone was almost done eating.
Chen Yu knew that it was time for business.
What should they talk about? Actually, they could talk about anything with Buffett during lunch.
They might not talk about stocks and investments.
Chen Yu started to gossip with Buffett.
The biggest gossip recently was that the founder of Playboy had found a new girlfriend. The two of them were more than 50 years apart.
This made Lu Xue, Zhang Jianming, Zhao Danyang, and the others who accompanied Chen Yu stunned.
Why did Chen Yu and Buffett talk about this?
However, Buffett was not surprised. Instead, he chatted happily with Chen Yu.
Buffett also liked to gossip.
Especially since he was very close to the founder of Playboy. He knew more than Chen Yu when it came to gossip about his old friend.
However, the gossip was only the appetizer.
After chatting for a while, Chen Yu started to talk about Microsoft, or Bill.
"Mr. Buffett, I know that Bill has always been a good friend of yours. What do you think of Microsoft?"
"Microsoft is a great technology company."
"Yes, I think so too. Their operating system monopolizes the world. I want to ask Mr. Buffett, can Microsoft's operating system continue to monopolize the world? "
"Maybe not. But … "
Chen Yu did not wait for Buffett to finish and said, "Actually, I am also very interested in Yahoo's Yang Zhiyuan. Mr. Buffett, you know that Yang Zhiyuan and I are both Chinese."
"Yes, you Chinese people are very smart. There are many talented Chinese people in North America. They have set many records in North America. "
"What do you think of Yahoo's model?"
"Recently, he might have encountered a lot of competition."
"Yes, there is competition from Google. There is also competition from us."
Chen Yu smiled and said, "Mr. Buffett, what do you think of China's stock market?"
"I think China's stock market has a lot of potential."
Buffett had researched China's stock market before. He had the idea of investing in China's stock market.
But because of foreign exchange issues, he did not invest in China.
But when he was researching China's stock market, he saw all kinds of problems in China's stock market.
Just as he was about to share with Chen Yu the problems of A shares, Chen Yu said, "What do you think of Samsung's LCD panel business losing money for more than 20 years and becoming the world's LCD panel market leader?"
"I think Samsung is a company on par with Sony. Not many companies in the world can do this. If they can do it, they will be on par with Samsung. "
"I think so too."
Chen Yu nodded.
Step by step, Chen Yu started to set a trap for Buffett. "Currently, there is a company in China called Beijing Oriental. They are in the LCD panel business, and it is similar to Samsung's LCD panel business. But their share price is only 1 RMB. Many shareholders feel that this share price is not rising and are impatient with them. If you are in their shoes, what will you do? "
"I have not researched Beijing Oriental, and I don't know how to analyze it. But I think I do not look at the short-term trend of stocks. What I am after is value investing. Most of the stocks I invest in do not make money immediately. Many of the companies I invest in lose money within a few years. But in the end, everyone can see that we still make money. "
"Mr. Buffett, are you saying that as long as the company is good and worth investing in, you should hold it for the long term?"
"I think so."
"Just like how you own Coca-Cola shares."
"Yes."
"But there is a problem. You have owned Coca-Cola shares for decades. Have you ever thought of selling them?"
"No. Never."
Buffett replied firmly.
"Thank you, Mr. Buffett. I have finished my questions. Lu Xue, what do you want to ask Mr. Buffett? Take this opportunity. "
Chen Yu narrowed his eyes.
Feng Yu had completed his mission for today.
What will happen after lunch?
While Lu Xue was asking Buffett, Chen Yu looked at Beijing Oriental's shares.
At this time, BOC had already poured in billions of yuan, but for the time being, the stock price was still sideways and there was not much movement.
But everyone knows.
With so many investors entering, Beijing Oriental's shares will shoot up in the next second.
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