How difficult was it for large pools of capital to turn a profit? Just look at Warren Buffett. Since 1999, his average annualized returns had basically never exceeded 10%, mostly hovering around 8%.
And even so, he was revered by investors around the world as the "God of Stocks"!
Don't bring up the annualized returns of retail investors or small private equity funds. Small capital and massive capital were completely different things, worlds apart.
Yet Wang Ye was now saying that he wanted to create an investment fund worth over a hundred billion US dollars and double it within two years, meaning annualized returns of around 45%, perhaps even higher.
Everyone present was a billionaire-level tycoon, so they naturally understood what that meant. That was why they had been so shocked that they all stood up.
"You... Misha, you're not joking, are you?" Abramovich blurted out.
Ever since he had liquidated and transferred most of his industries, he had been making some investments as well. After all, he couldn't just leave that much money sitting in the bank earning interest; it wouldn't even keep pace with currency depreciation.
But even with a combination of various wealth management methods, his annualized returns could barely reach around 5%. That was already considered relatively stable income.
Khovchenko and Konstantin composed themselves and sat back down. They felt they had lost their composure a little, but they agreed with Abramovich as well. Wang Ye had to be joking, right? Otherwise, this was simply too fantastical.
Wang Ye really wasn't joking. Doubling the money in two years was already a conservative estimate; in practice, the returns should be even higher!
Many books and reports were later written about this subprime mortgage crisis. Out of curiosity, Wang Ye had read a few news reports in his