Chapter 1120 - The fish swallowed the bait
Chapter 1120 – The fish swallowed the bait
Brother Ke and other guests left the next day.
Brother Ki and Feng Yu sat in a pavilion by the man-made lake fishing. But both sucked at fishing and didn’t get a fish after half a day.
“Feng, I heard you want to acquire that Advanced Micro Devices Semiconductor company (AMD). It’s been a while, and how come you still have not bought it?” Kirilenko asked.
“There’s no hurry. In another one or two years, this company’s value will drop further, and I will decide if I am going to acquire AMD or invest in Intel.”
In Feng Yu’s previous life, AMD was once Intel’s rival. But they were quickly defeated by Intel. Intel’s technology is more advanced than AMD, and Feng Yu is unsure if AMD can overtake Intel after he acquires them. AMD might win against Intel if Feng Yu invest unlimited funds in their product development. But this will not be profitable.
Since the AMD shareholders are not willing to sell their shares, Feng Yu can afford to wait. He will grow his Nvidia first, and it might be easier for Nvidia to acquire AMD.
“Feng, I remembered you mention Microsoft cannot enter the hardware industry because they are the strongest in the software industry. If they enter the hardware industry, they will be attacked by all the hardware companies, and Microsoft might be dragged down by them. Even if Microsoft succeeded by chance, they would be forced to be split. Why are you getting involved in so many industries? Are you not afraid of being targeted by other companies?” Kirilenko asked curiously.
“That’s why all my companies are separated, and not under a single brand. This way, it is not considered a monopoly and forced to split. The companies I acquired are the weaker companies in the industry, and no one will think I am trying to monopolize the market. But in the future, I want to go against all other companies in the same industry alone.”
Kirilenko was stunned by Feng Yu’s ambition. Facing all other companies in the same industry by himself?! Is it possible?
“Feng, Microsoft, and Intel are the giants in their respective industries. They are worth over 50 billion USD now.”
Although Feng Yu is rich, he is not rich enough to go against these enterprises. His total assets cannot even be compared to either one of these two companies.
“Ten years ago, Microsoft is also a small company, and I don’t have any money. Microsoft used ten years to become the highest valued company in the world. In comparison, I used ten years to become the World’s Second Billionaire. My assets had grown more than 10,000 times. Why can’t I achieve this goal in another 10 years?”
“Even if I cannot achieve it in ten years, I will use twenty or thirty years. Anyway, I am still young, right? Even at Buffet and Soros’s age, they are still working hard. I am only in my twenties. If I set my goal to be the World’s Richest Man, then I will have no goals to pursue before I am thirty. It will be too boring.”
Kirilenko is speechless by what Feng Yu said. He is confident that Feng Yu will be the World’s Richest man before he is thirty.
Bill Gates’s investment is too focused, and his assets’ growth rate cannot be compared to Feng Yu. Furthermore, Feng Yu’s net worth is still increasing now, while Microsoft share prices are dropping. Bill Gates’s net worth is dropping every day.
But still, Feng Yu’s dream is too hard to succeed.
To build such a company, Feng Yu must have lots of funds and owns a few companies worth more than 50 billion USD. Which companies can grow to this level?
Lenovo Group might be possible, but Feng Yu is not the ultimate decision there. Tai Hua Supermarket Group can grow as big as Walmart. But the shareholding is split among too many parties, and Feng Yu is not the main decision-maker.
Is it possible for Feng Yu’s other companies? Internet companies can grow rapidly, but if another internet bubble burst, their value will plunge.
Just look at the US stock market. Many internet companies had been delisted, and more were bankrupted this year. This number of such internet companies are still increasing.
Where did Feng Yu get his confidence to say these things?
Feng Yu got his confidence from knowing which the future of these technologies. He knows Amazon and the companies he invested in will be worth at least a few billion USD in the future.
Feng Yu might succeed in what others cannot accomplish. If he doesn’t try, he will feel uncomfortable. So what if he failed. Even if half of his companies went bust, he would still be the World’s Richest Man.
Even if Feng Yu is no longer the World’s Richest Man, he can still start from scratch again.
After knowing Feng Yu’s dreams, Kirilenko felt he is too unambitious. He had dreamed of being one of the world’s top billionaire, and he had achieved it.
Kirilenko also wants to be ranked above Bill Gates and the rest and becomes the top billionaire after Feng Yu. He still had not achieved this goal.
But Feng Yu told Kirilenko that he is not far from accomplishing this goal. He will get there within five to ten years.
Like what Feng Yu said, without a long-term goal, it will be very boring. Kirilenko starts to ponder if he should set a long-term goal. Even if he cannot achieve it, but he must work in that direction.
For example, acquiring the world-renowned winery? The most famous Château Lafite Rothschild belongs to Europe’s oldest wealthy family, the Rothschild family.
Kirilenko can set up a liquor brand and make this brand the best alcohol brand in the world.
Maybe Kirilenko can work with Feng to accomplish his dreams. To be at the top of the world.
Kirilenko was deep in thoughts.
Feng Yu’s dreams cannot be achieved alone. He needs a group of people who thinks alike to work with him to accomplish this dream.
For example, Zhong Qingxian, Liu Chuanzhi, Kameda Masao, and Fu Guangzheng.
Kirilenko is also someone suitable. Feng Yu did not persuade Kirilenko to help him. Still, he believes that after hearing about his dreams, Kirilenko will come to a decision.
Feng Yu hopes Kirilenko will help him, as it will make things easier.
After a long paused, Kirilenko tugged his fishing rod suddenly and quickly reel in the line. “Hahaha… I finally got a fish. Let’s eat it for dinner tonight.”
After throwing the fish into the bucket, Kirilenko looked at Feng Yu and asked. “Feng, you have an ambitious dream. Can you take me along?”
Feng Yu smiles. “Of course. We are brothers, right?!”
Feng Yu’s fish had also swallowed his bait.
Translator’s notes:
Rothschild family