Losses!
Losses!
Nothing but losses!
Since late July and early August, Vivendi's stock price had rebounded, causing investment banks and investors who had shorted its shares to suffer huge losses.
Among them was Da Feng Capital, owned by Zucker!
A few days earlier, Da Feng Capital had already suffered heavy losses, nearly giving back everything it had made from the Paris stock market and Vivendi. Zucker's order to keep shorting the stock had only brought the company more setbacks. And now, after several more days of this, the more than 200 million euros they had previously earned had all been wiped out.
Of course, they had also lost a huge amount of their original capital.
In two words: they were in the red!
"Our total capital was $1.2 billion. Now we're down to $900 million," CEO Andy Chelope said.
Zucker didn't even raise his eyes. "I know."
Claire, the chief analyst, said, "Boss, Citibank, which provides Da Feng Capital with high-leverage margin, just contacted us to ask whether we intend to maintain our current high-leverage operations."
"Keep things as they are!"
Zucker was still a man of few words.
To be honest, the recent pressure was almost too much for Zucker to bear. Luckily, he could afford to lose a few hundred million dollars.
He had to keep his cool!
Meanwhile, outsiders were voicing their opinions about Zucker's stubbornness and reckless behavior.
Take, for example, renowned economist and Princeton University mathematics professor William Thurston.
During an interview on an NBC talk show, the host asked him about Zucker's recent performance, and he offered his analysis.
"I can't deny Zucker Wald's achievements. In fact, no one in the world can, given that his personal fortune is worth tens of billions of dollars. He has achieved astonishing, admirable success in media and