Hong Kong has a mysterious richest man, and it is difficult to escape two possibilities [weekend reading

The U.S. Futures and Commodities Commission (CFTC) recently found in a review that a mysterious person who opened an account in Hong Kong has more than $117 billion in funds in his trading account, creating a new record; in terms of the actual amount of money that can be manipulated, the assets of the new Asia's richest man far exceed that of The world's richest man, Bezos.

The CFTC said: At present, it is not known which person's name and nationality, due to the strict principle of confidentiality of the trader, only the transaction code of this person is known. He opened an account on the Hong Kong Stock Exchange in 2003 to trade gold spot, and over the past 18 years, he has earned 145,000 times, creating a trading miracle that God could not have done. At present, the CFTC has sent 2 letters to HKEX, requesting an investigation into whether the individual has violated the rules in the course of the transaction, and requesting the Hong Kong Financial Supervisory Commission to cooperate in the transfer of the trader's account opening information.

Is the "Hand of God" reappearing? It reminds me of a creepy story written by Wall Street investor Patton Biggs in his book Hedge Fund Chronicles.

"I don't expect anyone to believe Judd's story," Patton Biggs writes in the book, "it's incredible, like magic shoes, like fountains of youth, that everyone has dreamed of, but didn't believe it could actually happen, especially in New York and On Wall Street." Sometimes, reality is more outrageous than fantasy. ”

When all of this happened, Judd was about 50 years old and was not doing well. Introduced by Barton Biggs, Judd went to Dame, where he was fired a few years later, and later went on an errand at Hudson & Company, a second-rate small research trading firm, and still had trouble. Every day, he commutes by train and habitually buys a copy of the Wall Street Journal and browses the front page of news and trading information.

One day, Judd read the Wall Street Journal on the train, took it off the train, and threw it in the trash. On that day, there was a stock movement in the market, and this stock happened to be what he saw in the newspaper, and he still had an impression. He mentioned the Wall Street Journal's stock information during a phone conversation with other traders, but other traders said no. Judd didn't believe it, and deliberately found the newspaper of the day, and sure enough, there was none. He himself was suspicious.

A few days later, it happened again. This made Judd realize that this was not an illusion, and that he was the only one who could see the Wall Street Journal, a "special issue" that published advance information inside, and the other traders saw the Wall Street Journal that was reported afterwards. Judd was both shocked and a little amused. Because he was able to get the information in advance, the investment performance skyrocketed.

Once, the blind old man who sold the newspaper was ill for 10 days, and Judd did not see the "special issue" for 10 days. The old man was also rested for the last two weeks of August, and there was no "special issue" to buy. When a special issue appears, it is always the newspaper of the next day. Judd set a rule for himself: Never read outside the list of the most active stocks and the "Market Dynamics" column. He felt that reading too much could be a kind of trespass, which might lead to the disappearance of miracles. He never revealed the secret to anyone, so that no one could know how he suddenly became a great success. He was also very clever in making the most of these miracles. You know, they only give him an advantage for a day once in a while. In the days when there were no "special issues", he shrewdly remained silent. Sometimes, "special issues" talk about the strengths and weaknesses of the market, and Judd uses these ideas to build his reputation and make others think that he has an extraordinary short-term market feeling.

In less than 6 months, Judd had been told that he was amazing. 1 year later, he was recognized as one of the greatest traders and became a celebrity. Investment managers stick to him, and they do it right. On the days when Judd gets the "special issue", a few words with him in the morning can make a great deal that day. CNBC began to invite him to shows non-stop, but he refused, because he felt that it would not do him any good. He was afraid that he would be too overwhelmed and would anger the gods in the underworld. In those days when there were no "special issues," Judd struggled to cover himself with Irish-style enthusiasm and Wall Street jargon. When he didn't know anything, he didn't say anything, so as not to harm people. Sometimes, some people couldn't help but be curious and half-jokingly asked him where he got the inside information. Asking too many people, Judd practiced a set of words. He is very careful not to divulge unexpected events, such as the deaths of company presidents, and rarely disseminates news of mergers or legal actions in advance.

A year later, Judd has achieved great success. He became a star and brought a lot of business to Hudson. They decided to promote him to managing director, which he declined, saying he preferred to get a direct return from his performance. It is said that in 2003 the company gave him $4 million. His lifestyle has also changed, with a delicate and trendy suit and a branded shirt that many young fund managers like to wear. He still takes the train to work, only now often takes the car home.

In June of that year, Patton Biggs' aunt was admitted to a New York hospital with a broken hip. Barton visited her once or twice a week. One morning in mid-June, many people in the carriage were talking about Judd, saying that he had had a heart attack on the car the day before, and people carried him on stretchers to the New York hospital. That afternoon, after visiting his aunt, Barton found his old friend Judd lying in the oxygen tank, and in the small talk Judd finally revealed the secret of the "special issue". He added that he got another special issue last Tuesday, but this time it was different, not the next day's (Wednesday) newspaper, but the next Wednesday's.

"Do you understand what that means?" Judd asked. His upper body leaned over, his eyes shining, "Think about it, we have 6 days, not 1 day, during which time we can catch how big the spread is!" Think about how much we can earn. It won't be long before we become the world's largest hedge fund. I know that the appearance of such a special issue does not mean that it will be every time in the future, but as long as we get a few times once in a while..."

Then the nurse came in. She said the two had been talking for more than two hours, insisting that Patton Biggs should be gone. Barton and Judd shook hands and said empty words like "pay attention to your body."

Judd's look suddenly dimmed. "Hey, I haven't told you what else I saw in last Tuesday's special issue." Then he uttered something that terrified Barton Biggs:

On the June 23 newspaper, next Wednesday, the C-2 edition had an obituary next to the "Market Dynamics" section. Hudson announces the death of their close friend, senior manager Judd. ”

He blinked mischievously. "So, you see," he went on, "the luckiest thing I've ever seen, apart from getting those special issues, was the myocardial infarction last Tuesday. Maybe it was because I was so emotional to see my name on that obituary. But then I got into the hospital early and into the intensive care unit. I'll be back in the oxygen chamber next Monday and Tuesday, and I won't come out until the danger period is over. I also told the doctor to be by the side next Tuesday. I don't want to take any chances. ”

At the end of the week, Barton went to Florida as planned, and he called the hospital, where the nurse said Judd was in the oxygen chamber again and couldn't answer the phone. The next day Barton called again, and the nurse said he was still in the intensive care unit. Barton asked her to call back, but he never called. On Tuesday night, Barton tossed and turned, thinking of Judd. The next day Barton got up early and went to the station. As soon as the newsstand opened, Patton flipped to the C-2 page and saw the obituary. Like Judd said, it's next to the "Market Dynamics" column. Barton bought a copy of The New York Times, which had the same obituary on it, using an old photograph of Judd. He was dead, and none of the doctors, the intensive care unit, nor the oxygen chamber could help him change the contents of the "special issue."

…………

It spends so much time restating a mysterious wall Street story in order to contrast the equally mysterious Hong Kong "Hand of God." Judd saw the transaction information in advance, and also saw his own death in advance. It's a ghost story in the investment world — the Wall Street Journal "special issue" he saw was actually a ghost magazine. Similarly, the mysterious rich man in Hong Kong has not been discovered for 18 years, and it is difficult to imagine that this is another ghost story in Hong Kong. If he does not see the "ghost magazine" in the process of investing, there is only another possibility: he sees the "bottom card" of the market. In other words, either he sees a ghost, or he himself is a ghost—at least an inner ghost with some kind of privilege.

Ye Fei once said in the breaking news that Pu Feidi, the market value management dealer hired by Zhongyuan Home, provided the company's top 200 shareholders' register and other information. (See "Ye Fei's Suicide Disclosure: Unveiling the Institutional Bottoms and Inserting a Knife Again") The shareholder register is the core information of the company, and timely grasp of the shareholder register can understand the changes in the holdings of the disk party, who is "shipping" and who is "taking over". Seeing this "bottom card", can the "rat warehouse" make money without lying down?

If Hong Kong's mysterious billionaire can really see the hole card, it is necessary for the CFTC to ask for an investigation into whether there was a violation in the transaction. James Cromwell, chief expert of the American Futures Industry Association and professor at New York University, said: "What we need to know is how this mysterious rich man managed to achieve such a high yield, and the global futures and spot markets are not as artificially manipulated and intervening as the stock market, which is almost impossible." If he does it on his own, he will be ten thousand times stronger than Warren Buffett.

Further reading:

After Zhou Zhengyi feasted on guests, Liu Canglong's building collapsed

Hu Zuliu's "rat warehouse incident" deepened the fund trust crisis