The Highest Level Son of a Chaebol Family - Chapter 348



Only Noblemtl

348. When an opportunity comes, you have to grab it!

I glanced at the Berkshire Hathaway shares sitting on my desk.

“Berkshire Hathaway is controlling the amount of stock it releases into the market.”

For a Wall Street investment firm with a name, Berkshire Hathaway has issued just 971,784 shares so far.

Even in the 21st century, there were only 1.13 million Class A shares.

This is a surprisingly small number of shares issued compared to Exxon’s 5.94 billion shares and the Communist Bank of China’s 48 billion shares.

“It is not easy to find this quantity on the market.”

I bought a bunch of Berkshire Hathaway stock.

“2% of your company’s stock, or about 19,435 shares. Isn’t that tempting?”

“Are you asking me if I’m interested in your company’s stocks right now?”

Warren Buffer laughed as if it were absurd.

I laughed hohohoho.

“Not as a chairman, but as an investor.”

“That’s really hard to refute.”

“Yes! I want it too! Not as a secretary, but as an investor! I really want it!”

Tom raised his hand and shouted loudly.

“I want to buy it! Sell me that stock!”

“Hey, Tom. What are you talking about?”

“Mr. Chairman, shut up! This is a once-in-a-lifetime opportunity for me to become the largest shareholder of our company.”

Tom’s eyes were half-glazed with greed.

“I’ll bet my entire fortune! Just sell the house!”

“Tom, wake up!”

“I’ll take out a loan with collateral from the bank! I’ll take out a salary and borrow money even if it means borrowing private loans! Just sell me those stocks!”

“Tom, are you crazy?”

“Then you don’t go crazy and bear it when you see that?”

Tom stamped his foot, blowing out his breath.

“I don’t know our company’s profitability?”

“Then don’t I know that our company’s stock price is rising?”

“That’s why I have to buy it! Where can I get this much? It’s impossible!”

He was Warren Buffer’s closest secretary.

That meant he was one of the people who knew the internal workings of the company better than anyone else.

“I want to buy it! I have to buy it! I have to buy it!”

“Tom, we haven’t even heard JH Investment’s proposal properly yet.”

“Oh, right. Ugh.”

Only then did Secretary Tom shut his mouth.

Whatever.

“Have you heard the news that JH Investments has reached out to Sumitomo Bank, Bank of Citi, JPP Morgan, and Bank of America to acquire shares?”

“I heard. I heard that JH Investment is secretly disposing of its stocks?”

“Then the question is, which company’s stock would I have negotiated for?”

“no way……!”

Warren Buffer and Tom’s complexions changed simultaneously.

“Are you saying that you negotiated for our company?”

Warren Buffer narrowed his eyes.

“Where did you want to transfer our company’s shares? Sumitomo Bank? Bank of Citi? JPP Morgan? Or Bank of America?”

“Are you curious?”

“Of course! These four banks are major shareholders that own a large portion of our company’s shares.”

Warren Buffer let out a small sigh.

“So, JH Investment deliberately leaked information to us that they were going around these four banks to sound out investment negotiations?”

bingo!

That’s correct.

“Which one is larger: the shares of your company held by the chairman and the shares of your company held by those four banks?”

Warren Buffer stubbornly kept his mouth shut.

But I know.

“It’s boiling, right? What would happen if 2% of your company’s shares were added to that bank instead of you?”

“Something annoying is going to happen.”

Warren Buffer frowned, as if the mere thought of it made him irritated.

I asked secretly.

“As you can see, there will be frequent interference in management rights.”

“Phew.”

“Haven’t you heard that in recent years, whenever we hold a general shareholders’ meeting, those four organizations have been the main ones nitpicking?”

Warren Buffer’s brow furrowed further.

Tom muttered quietly, ‘How did you know all these details?’

“I hear there are frequent rumors of the chairman being dismissed and the executives being replaced.”

Warren Buffer could not refute it.

Instead, he repeatedly swept his hair up.

“That makes sense. He had been constantly criticized for the accumulated deficit caused by his textile business, and he suffered considerable losses when the stock prices of the companies he invested in plummeted due to the oil shock.”

The first oil shock was a global catastrophe.

The price of crude oil in the Middle East soared from $2.90 per barrel to $12 in just one month.

Thanks to this, large and small companies fell one after another like dominoes.

American global corporations were no exception.

Given its heavy dependence on the U.S. market, Berkshire Hathaway may have had no choice.

“Still, we at Berkshire Hathaway have almost completely recovered the losses at that time.”

“Yes, I know.”

I nodded obediently.

“So, at this point, you want this stake even more desperately?”

“The crisis has passed. Those four banks will not agree on anything.”

“That was before JH Investment contacted your bank.”

“… … !”

Warren Buffer quickly wiped the surprised look off his face.

Instead, he smiled confidently.

“You must know that information is fast. Our company has recently been recording unparalleled profitability growth.”

“That’s exactly the problem.”

Who doesn’t know how to smile confidently?

I smiled too.

“Isn’t that why your bank is eyeing your company?”

“It’s annoying. If someone saw me, they’d think I was an outside director of our company.”

Warren Buffer nervously pulled down his tie as if he was being strangled.

“If the information is that fast, JH Investment must also know how great our company’s profitability and growth rate are.”

Of course I know.

“But why did you say you would give up our company’s stocks so readily? That makes no sense.”

Warren Buffer narrowed his eyes.

“What on earth are you up to?”

It’s an ulterior motive.

Honestly, I can’t say there aren’t any.

Warren Buffer tilted his head.

“Aren’t you saying that you want to sell it at a limited price in the end?”

A limit price is a price at which a transaction is made between a limited number of parties, rather than at the market price.

“How much are you trying to charge for this?”

Warren Buffer looked down at his desk with complicated eyes.

The shares of Blue Stamp and Berkshire Hathaway were placed side by side.

“The condition that even Blue Stamp’s shares should be turned into stocks for our company seems to have been an intention to sell them at a high price.”

Warren Buffer looked back at me with cold eyes.

His eyes were full of contempt and antipathy, as if he was looking at a conman.

“I didn’t know JH Investment was such a black company. What should I do? I have no intention of doing credit with such a company.”

“Do you know anyone who manipulates stock prices and commits financial fraud?”

I clicked my tongue.

“You listen to people here and there, and you look at people here and there. This is disappointing.”

“hmm?”

“I haven’t called out the proper conditions yet?”

Warren Buffer tilted his head.

“Are there any other conditions you would like to add besides these?”

“I want to secure a conditional right of recovery.”

“what?”

Warren Buffer and Tom opened their eyes wide.

“Conditional right of withdrawal?”

To be honest, I don’t want to sell my Berkshire Hathaway stock.

I know that Berkshire Hathaway’s stock price will plummet like other stocks due to the second oil shock, but there is no guarantee that I will be able to get that much back.

As that gentleman said, Berkshire Hathaway’s returns and company growth rates are amazing.

It’s all because Berkshire Hathaway issued too few shares!

So I decided to cheat.

“I would like to make a suggestion in case certain conditions arise.”

“If there are certain conditions… … .”

“Only if your stock price falls below $800 per share within one year.”

“Hahaha!”

Warren Buffer couldn’t help but laugh.

“Our company’s stock price will fall below $800 per share? In a boom time like this?”

“Yeah, that might be a bit difficult.”

Tom joined in too.

“During the oil shock, it even went below $500 per week.”

“That’s right. Since then, the stock price has only nearly doubled and never gone down.”

That was before the second oil shock.

If an oil shock occurs, not only the U.S. stock market, but also the European and Japanese markets will all collapse without exception.

Berkshire Hathaway will be in trouble because of the textile companies and Blue Stamp.

“The proposal isn’t finished yet. If the conditions are met!”

I added further.

“One year from now, I would like you to return to me the current value of the shares I am handing over today, plus any accrued interest, in the form of stocks in your company.”

“Wait a minute. Give it back?”

Why do you look so surprised?

“Isn’t it just a right to buy something by paying money according to the market price?”

“Do you have the money for that? Twenty million dollars in a lump sum, would that be okay?”

“… … Impossible.”

I laughed hohohoho.

“If you want, I can give you all the shares of those two companies for free today.”

“Free?”

Warren Buffer and Tom gaped.

“So you’re just going to hand over 19,435 shares of our company stock held by JH Investment, worth a total of $19,085,170?”

“Should we include Blue Stamp’s stake? That’s an additional $1.2 million.”

“Huh!”

Whether the two people look at each other with disbelief or not.

“Instead, since we are setting a one-year term, we will set the interest according to our own rules.”

“Not bank interest?”

“Annual interest rate of 67.8%.”

“No, why is the interest rate so high?”

“Isn’t that the average for the private loan market?”

Warren Buffer and Tom dropped their jaws.

I made a V sign with my fingers and waved it in front of Warren Buffer.

“This is a great opportunity to get $20 million worth of stock for free!”

Warren Buffer and Tom’s eyes shook furiously from side to side, following my fingers.

Warren Buffer gulped.

“What happens if our company’s stock price doesn’t fall below $800 within a year from today?”

“What happens? Just give me $19,085,170 after one year.”

“Without even receiving interest? Without a deposit?”

“Shall I receive it?”

“If you don’t accept it, we’ll be grateful!”

Warren Buffer asked back in disbelief.

“Isn’t this the same as an interest-free, unsecured, one-year grace period credit loan?”

That’s it.

As expected, you’re quick at counting!

“If you just look at the average lending interest rates at U.S. banks these days, how much is the interest on a loan of $20 million?”

“wow!”

“In order to defend management rights, isn’t it necessary to secure more friendly shares anyway?”

“yes!”

“With this 2% stake, I won’t have to endure the humiliation of having to meet with major shareholders and try to persuade them?”

“nice!”

“You’re saying that you’re going to buy more blue-chip stocks with the money from dividends? How many shares, or rather, how many companies, can you buy with $20 million?”

Gulp!

Warren Buffer’s Adam’s apple crackled loudly.

I shrugged.

“Let’s say JH Investments invested $20 million in Berkshire Hathaway.”

I decided to drive a wedge in.

“Isn’t that why you flew all the way to Japan?”

Otherwise, Warren Buffer, this guy, would have no reason to be here.

The answer came not from Warren Buffer, but from his secretary, Tom.

“you’re right!”

bingo.

“I did you a favor. If you want, you can add one more condition.”

“Goodwill? What are the conditions?”

“If the conditions are not triggered after one year, I don’t mind returning this 2% stake as is. What do you think?”

“You’re giving it back as is? What about the interest?”

“I’m not accepting it. Just give it back as is, that’s okay.”

I waved my 2% stake in Berkshire Hathaway before Warren Buffer’s eyes.

Every time that happened, Warren Buffer and Tom’s eyes would waver.

“So it’s a right of withdrawal.”

Gulp!

Warren Buffer’s eyes gleamed with greed.

Okay.

I handed over the acquisition contract as if I had been waiting for it.

Warren Buffer laughed heartily.

“No, when did you make something like this?”

“I made it earlier. You just need to add some special conditions here.”

I wrote down quickly with a Montblanc fountain pen.

While I was writing, I even signed and stamped it in the name of JH Investment.

“Please sign.”

“I feel like I’m being possessed by a ghost. This is a contract I won’t regret. If the opportunity comes, I have to grab it!”

Warren Buffer accepted the Mont Blanc fountain pen I handed him and smiled coolly.

“Since you’ve already decided to sign, you asked me to sign the stock acquisition contract. Are you really getting my signature?”

The moment the contract was completed with Warren Buffer’s signature, which was as refreshing as a smile.

‘Wow!’

A golden light burst out, shining more brilliantly than I had ever seen before.

It was a perfect, unblemished gold that was so bright it was blinding!

‘This is no joke.’

I ended up just smiling in satisfaction.

Of course, Warren Buffer also smiled with satisfaction.

“Little one, what is your name?”

Warren Buffer took his wallet out of his suit pocket and handed over a business card.

‘What is this?’

It was different from the business card I gave to Yoo Jong-tae.

Of course, the golden light that burst forth also sparkled on a different level.

If the business card that Yoo Jong-tae received was vending machine coffee, then could this business card be called hotel coffee?