Arc 21Green Energy’s Breakthrough

Zhao Chen used independent tests and Elon Musk’s backing to strengthen Green Energy Technology’s position in its Series B negotiations. The industrial investors accepted a US$1.5 billion valuation and began arranging their allocations and cooperation terms.

Chapters 502–52625 summaries

Arc 22The Nvidia Stake

Zhao Chen guided Green Energy Technology through its Series B while Era Vanguard built a major Nvidia position and weathered attacks on Tesla-backed financing. Henglong’s reports then revealed growing investment gains, and its share price surged as investors valued it as an investment holding company.

Chapters 527–55125 summaries

Arc 23The Bitcoin Fortune Revealed

Zhao Chen kept Era Vanguard’s Tesla and Nvidia positions afloat through repeated purchases, collateral pledges, and SpaceX financing while short sellers and regulators scrutinized the fund. He ultimately disclosed that his fortune came from Bitcoin trading, leaving the story with the SEC filing public and Era Vanguard preparing another Nvidia amendment.

Chapters 552–57625 summaries

Arc 24The Long-Term Bet

After the SEC cleared Era Vanguard, Zhao Chen’s Tesla and Nvidia positions helped defeat the short sellers and became formal long-term holdings. As the fund reorganized around AI and new energy, Zhao’s credibility lifted Henglong’s market premium.

Chapters 577–60125 summaries

Arc 25Henglong’s New Course

After Era Vanguard survived its margin crisis, Zhao Chen returned to China, publicly explained Henglong’s share pledge, and set the company on a path toward early repayment and more independent governance. The arc ended with Henglong establishing an investment committee and arranging safeguards against future financial attacks.

Chapters 602–62625 summaries

Arc 26From Maps to Models

Henglong completed its transition away from real estate, strengthened its finances, and expanded its institutional safeguards as Zhao Chen faced an influenza outbreak that disrupted the future he thought he knew. With support from his colleagues, Zhao Chen rebuilt confidence in his judgment and made independent analysis and committee review central to Henglong’s investment decisions.

Chapters 627–65125 summaries

Arc 27From Instinct to Institution

Zhao Chen turned Henglong’s investment framework into a system of independent research, validation, and review, then stepped back from daily management. During a Bloomberg interview, he defended Era Vanguard’s major investments by explaining how public data, independent analysis, and risk planning shaped his decisions.

Chapters 652–67625 summaries

Arc 28The GameStop Short Squeeze

As Zhao Chen prepared Henglong to operate without him, Era Vanguard built a carefully limited GameStop position while Zhao Chen explained his investment methods and explored Starship’s ambitions with Elon Musk. After Citron’s bearish report drove GME lower, Zhao Chen ordered Era Vanguard to raise its exposure and challenge the heavily shorted stock.

Chapters 677–70125 summaries

Arc 29The GameStop Squeeze

Zhao Chen led Era Vanguard through a GameStop short squeeze, building a 9.9 percent stake before selling its shares and options as major short sellers covered. After exiting GME, he turned to a brief silver trade and accelerated Era Vanguard’s covert accumulation of deliverable nickel.

Chapters 702–72625 summaries
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