aircannonsinc Chapter 192
Chapter 192
Since Buffett has agreed to cooperate with him, Lin Feng will naturally not hide his partner.
Lin Feng smiled and said to Buffett: "Mr. Buffett, yes, it is a stock."
"I think the price of this stock can increase tenfold in ten years!"
"And you must be very familiar with this company, that is Fruit Mobile!"
Although Buffett often avoids the technology industry when investing, Buffett is very concerned about the recent stock trend of Fruit Mobile.
Buffett asked: "Mr. Lin, although I have not bought any stocks in the technology industry, Fruit is a stock I am very optimistic about."
"In one year, its stock price has indeed soared by 50%."
"But, ten times in ten years, do you think that Fruit's stock price will continue to grow so crazy?"
Although Buffett could not predict the direction of Fruit in the next ten years, Lin Feng knew it.
Ten times in ten years is still Lin Feng's conservative estimate.
Moreover, if Lin Feng had been reborn two years earlier, before the iPhone was launched, and bought Apple shares at the lowest point, the share price of Apple would have increased by more than 20 times!
Lin Feng also knew that Apple was Buffett's favorite stock in his later years.
However, Buffett bought Apple shares a little late.
Buffett bought Apple shares worth 1 billion US dollars at 99.02 US dollars per share.
Then in just two years, the share price of Apple doubled!
And now, although the share price of Apple has begun to soar, it is only less than 18 US dollars!
So Lin Feng answered decisively: "Mr. Buffett, don't you think Apple is an incredible company?"
"And the iPhone is an epoch-making and incredible product?"
What Lin Feng said was actually what Buffett said in a media interview later.
Before Lin Feng was reborn, the stock with the largest shareholding in Buffett's Berkshire Hathaway was Apple!
Berkshire Hathaway is the second largest shareholder of Fruit.
And apart from Fruit, Buffett does not hold any stocks in the technology industry.
This shows how optimistic Buffett was about Fruit later!
Buffett thought for a long time and finally said: "Mr. Lin, although I am also optimistic about Fruit."
"But I am not very interested in stocks in the technology industry."
"In my opinion, the Internet is a bubble that will burst if it is pierced."
Lin Feng knew that Buffett had experienced the period of the Internet bubble.
At that time, in the stock markets of many countries in Europe, America and Asia, the stock prices of technology and emerging Internet-related companies rose rapidly.
Due to the madness of speculators and the herd, the stock prices of any company involved in the Internet at that time soared.
This led to many companies being seriously overvalued.
As a result, when the bubble was punctured, the stock price fell rapidly and many companies went bankrupt.
As a person who experienced all this, Buffett was of course still frightened by it.
Therefore, it is understandable that Buffett did not invest in any Internet-related and technology-related stocks.
However, Lin Feng knew how fast the Internet and IT would develop in the next ten years!
Lin Feng looked at Buffett and said, "We Chinese have an old saying that once bitten by a snake, you will be afraid of the rope for ten years."
"I know that the Internet bubble has a great impact on the US economy, and almost all companies listed on NASDAQ have been unable to recover."
"But I believe that the Internet will be a rapidly developing industry in the future. I also plan to invest in Internet companies' stocks for the fund company we cooperate with."
"Mr. Buffett, after listening to my views that run counter to yours, will you still cooperate with me?"
This time, Buffett did not think or hesitate: "Mr. Lin, my promise will never change."
"And you also know that I am old, even if Buffett I don't have the energy to manage Berkshire Hathaway."
"So, although this fund was jointly established by you and me, I will give you all the decision-making power."
"If you are so optimistic about the Internet industry, please boldly choose the company you are optimistic about to invest in, and you don't need to ask for my opinion."
"Moreover, this fund was jointly established by me and you as a private investor."
"So, other people in Berkshire Hathaway will not affect you."
"My only hope is that you can make me feel that this impulsive adventure I took today is an extremely cost-effective investment in my lifetime."
Lin Feng nodded.
Buffett's wordsJust what he wanted.
Lin Feng needed to rely on Buffett's fame, but he didn't want Buffett to interfere with his decisions and operations.
Therefore, Lin Feng proposed to hold 51% of the shares, instead of half each.
Because in this way, Lin Feng can have absolute dominance.
And Buffett's practice of completely giving power to Lin Feng is exactly what Lin Feng wants.
So Lin Feng said confidently: "Mr. Buffett, you have never made a wrong decision in your life."
"So, please believe in your own vision and leave everything to me."
Lin Feng had finished his steak and was eating side dishes such as potato cakes.
The steak on Buffett's plate was already cold.
But Buffett didn't care about the food at all. He had put down the tableware for a long time.
Buffett continued to look at Lin Feng and asked: "In addition to fruit stocks, which Internet companies do you think are promising?"
Lin Feng did not hide it and said the names of the stocks he would hold heavily in the future.
"Of course, there are also several stocks of Chinese Internet companies, which I am very interested in."
"Of course, my investment strategy may change at any time, because in addition to the investment field, I will also enter different industries."
"Maybe, in the near future, Microsoft and American companies will become my opponents."
"And when I feel that I can kill these opponents, I will naturally sell their stocks!"
Buffett feels that his inner fluctuations today are the biggest in the past ten years!
Even if he makes huge profits in the investment market every year, Buffett's heartbeat has never accelerated.
Today, after meeting Lin Feng, a short lunch time, Buffett suffered a huge shock several times.
However, Buffett has gradually gotten used to it at this time, so when Lin Feng once again said something that shocked him, Buffett did not have much inner fluctuations.
Although Buffett is not optimistic about the Internet industry, he and Bill Gates are old friends.
Kill Microsoft? Is this possible?