Published at 21st of December 2020 03:10:03 AM
Chapter 1120: 1120
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 .
Please download our sponsor's game to support RLN!
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 .
Sponsored Content
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 . ”
Sponsored Content
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
If you find any errors ( broken links, non-standard content, etc . . ), Please let us know so we can fix it as soon as possible .
Tip: You can use left, right, A and D keyboard keys to browse between chapters .