American History 1988
Chapter 307 - 297: Always Able to Bet Correctly

Chapter 307: Chapter 297: Always Able to Bet Correctly

Dean also had an apartment in Manhattan, located on Fifth Avenue right beside Central Park.

As the area with the best greenery and scenery in all of New York, these apartments were always in high demand.

According to the broker who helped Dean acquire this property, those who lived near Central Park were either rich or noble.

Sometimes merely being wealthy wasn’t enough; you had to have status or fame as well.

For instance, Dean’s neighbor in the building next door was said to be a famous director’s property.

Although Dean had never seen him, it wasn’t a surprise since he himself rarely stayed there for more than a few days each year.

These past few days, Jennifer Aniston had been accompanying her family, so Dean was temporarily living the bachelor life.

He was accustomed to having a woman by his side, but that wasn’t the point now, because Nasdaq had captured his attention.

Unlike Cook and his colleagues who, out of excitement, had arrived early at Times Square from the hotel,

Dean had stayed home until almost trading time before driving to Nasdaq.

Because he was on the East Coast, he switched his ride to a black Lincoln.

But for a celebrity like him, attention was never in short supply.

All of his license plate numbers might even be on the journalist’s list.

When the black Lincoln arrived at Times Square, the flurry of camera flashes and swarming reporters never ceased for a moment.

However, Dean didn’t linger there since trading was about to start.

"How’s the battle going, Cook?" After Dean entered the trading floor, he quickly found Cook and the others surrounded by people.

"The opening price is 11 US dollars, which is even better than our best expected outcome!"

Maybe it was because of the weather, or maybe the excitement was too much, but Cook and Pruks were drenched in sweat.

During the initial IPO valuation, Goldman Sachs set the price of Intuit stock at around 7 US dollars.

Limited by the size of the financial software market, Wall Street believed that if Intuit’s opening price reached 10 US dollars, it would be a considerable success.

Clearly, the current results had exceeded everyone’s expectations, and Cook and his colleagues had no reason not to be pleased.

"OK, next up is the bell ringing, it’s your moment to shine," said Dean, who had become much more composed about such events.

Just as he spoke, Goldman Sachs’ people came over to get them on stage.

Dean, as a major shareholder, of course, took part in the photo op.

With the push of a button, a string of electronic bell sounds rang out, and the ticker symbol INTU for Intuit appeared on the giant electronic screen.

Every new stock listing was a celebration.

Cook and Pruks watched the stock price climb, finally reaching a critical point.

With a "thump," Pruks, one of the founders, collapsed straight down.

"Hey, Tom! Tom!" Dean, quick-witted, caught his classmate as he fell.

But because the crowd was too excited, many people didn’t even notice what happened here.

"Hey! Stop jumping around, Cook! Tom’s gone down!"

After handing the unconscious Pruks over to his bodyguard Paul, Dean hurriedly tugged at Cook, who was still hopping excitedly.

"Dean, Intuit’s market cap just broke through 1.5 billion US dollars!" A hoarse shout struggled out of Cook’s throat.

"Tom!" Dean pointed to the ground, "He seems to have heatstroke!"

It was only then that Cook noticed Pruks on the floor.

"Oh, God!" Cook quickly knelt down and shook Pruks.

"Tom, your net worth just surpassed a hundred million US dollars, don’t have any accidents, you haven’t even spent a penny yet!"

Perhaps it was Cook’s warning that worked, as the unresponsive Pruks slowly opened his eyes in a blurred state.

"Thank heavens~!" Cook started signaling to the people around him to take him to the rest room to recover.

"Scott, what’s my net worth now?!" Pruks, being carried away, struggled to lift his neck to see the big screen clearly.

However, due to lack of strength, he never got to see the information he wanted.

"1.2 billion!" After Cook made a gesture to him, Pruks’s body instantly went limp again.

Alright, he couldn’t handle that kind of shock for the moment.

"Mr. Pruks, are you still conscious now? Owning 1.2 billion US dollars in wealth, what do you feel?"

Feelings? What feelings to talk about when someone has fainted?

Dean waved his hand, signaling everyone to hurry and carry Pruks away.

Didn’t they see the reporter’s microphone and the photographer’s lens almost bumping into Pruks’ pale face?

That episode was likely broadcast live by the TV station.

Today’s Nasdaq was truly bustling, it just remains to be seen what Pruks will think when he sees this mortifying scene later.

"Mr. Price, you have created a miracle once again!" Seeing Pruks carried away, the reporters then turned their attention to Dean.

"The miracle was created by Cook and Pruks!" Dean was too dignified to snatch the limelight.

"But according to Intuit’s public shareholder list, you are its largest shareholder."

Originally, due to the deal with Encompass Investment and Dick, Dean personally held about 10% of Intuit’s shares.

Even after being diluted twice, he still owned 8% of Intuit’s shares.

An 8% holding certainly did not make him the largest shareholder, but don’t forget that Byte Company was nominally Intuit’s largest shareholder.

The latter’s initial investment had secured them 40% of Intuit, which after being diluted post-IPO, now stood at 32.4%.

And Dean was the largest shareholder of Byte Company, when calculated, he almost held 20% of Intuit’s shares personally.

This calculation, even someone with a slight understanding of finance could make, and of course, it couldn’t escape the eyes of the reporters.

What was Intuit’s market cap now? 1.5 billion US dollars!

In other words, with the ringing of the bell, Dean’s net worth had increased by another 3 billion US dollars.

The terrifying speed of wealth accumulation had not only impressed journalists but also everyone who saw the news, leaving them in awe of Dean.

"I just believe in my own judgement, plus a little bit of good luck," Dean responded with humility.

"But you’ve hit the jackpot every time! AOL, Intuit, and even Byte and Intel stocks you recommended last year are all on the rise.

Do you know? Now many people take their investment cues from you!"

"What?" Dean was taken aback.

"Whatever you buy, they buy, including myself," one reporter pointed to himself.

"Last year I took your advice and bought some Byte and Intel stock, then I made a few thousand US Dollars."

"Oh~" Dean raised his eyebrows in surprise, "Well then... congratulations."

"Yeah, so... do you have any recommendations for this year?" the crowd of reporters, ready to ’eat melon,’ asked expectantly.

"Friends, that was just me talking nonsense, I take no responsibility for it!"

A joke, teaching people to play the stock market was something Dean would never do.

If it worked out, great, but if it resulted in a loss, probably many would sue him.

"What company are you planning to invest in next?" another persistent reporter asked.

"Sorry, I have no plans at the moment," Dean declined to answer and prepared to leave with Caitlin and others escorting him.

At his level, he had to be careful about what he said and did.

He didn’t lack wealth or fame, so he didn’t need to show off his good judgement in front of cameras.

His appearance at Intuit’s IPO was enough to reassure investors.

Dean did not stay there all the time; he returned to his residence in Manhattan an hour after the opening bell.

Just as he arrived home, a phone call came in.

"Hi, Bill, I was just thinking of visiting you in Washington in a couple of days."

"Dean, thank you, I just heard from Hillary about the Intuit thing."

Clinton and Hillary had just finished a press conference, and now they were walking their dog on the Oval Lawn.

"Haha, Bill, you’re too kind, we’re family," Dean said as he took off his coat and hung it in the closet by the door.

He glanced inside the house, where a pair of high heels by the door suggested Jennifer had already come home.

"You’re right, Dean, we’re family," Clinton said cheerfully.

He had just been informed by Hillary that their million-dollar investment in Intuit had tripled!

What is a true patron? Someone who donates to your political campaign is a patron indeed, but that money can only be used for the campaign.

But a patron like Dean not only supports Clinton’s campaign but can also help them get rich!

Three million dollars, a fortune the Clintons had never possessed before.

As a politician, Clinton’s income was quite limited, a certain price to pay for holding power.

If it wasn’t for Dean, he would probably have to either exploit the revolving door or travel around giving speeches to make money after leaving office.

But how much could he make per speech? A few thousand dollars? A hundred thousand dollars?

How many speeches would he have to give to save up three million dollars?

Clinton didn’t bother with the math, as Dean had opened his eyes to new possibilities.

He just knew that his political career was limited, but when it came to making money, following Dean’s lead was definitely the right choice—for the days to come were long.

"By the way, Dean, about the Intuit stock, when do you think would be the right time to sell?" Now Clinton sought Dean’s advice on financial matters rather modestly.

The reporters weren’t wrong; Dean did indeed hit the mark every time, and it wasn’t just luck.

"If you need the money urgently, you can sell within a week.

If you want a stable return, you can hold onto it for the long term. Intuit’s stock will continue to rise within two years."

As expected, Jennifer had returned, hearing Dean’s voice as she just emerged from the bathroom wrapped in a towel.

Dean beckoned her over with a wave of his hand.

The puzzled Jennifer Aniston, just as she approached him, was completely disrobed.

"Okay, I’ll take your word for it, Dean. Oh, by the way, Hillary wants to have a word with you."

Clinton handed the phone to the First Lady by his side while he continued to happily play with the dog on the lawn.

Look, the tight-lipped Dean with the reporters was spilling everything in front of him.

This was the taste of power, and Clinton’s mood was indescribably content.

"Dean~" Hillary greeted with a smile, feeling likewise.

"Oh~" a long moan suddenly came through the phone.

Hillary was taken aback.

"Slap, slap, slap... Hillary... huff~ Is there something you need?" asked Dean, in mid-thrust, holding the phone.

"Oh~, I just... I just... wanted to thank you," Hillary found the lawn beneath her feet too soft, and she felt a bit unsteady.

"You’re welcome," Dean held his breath, and then continued his workout.

"So... when will you come to Washington?" Hillary’s tone was a bit odd.

"In about a week, I still have some matters in New York," Dean patted Jennifer underneath him, gesturing for her to lean over the table.

"OK, you’re welcome to visit the Oval Lawn," Hillary hung up the phone nonchalantly.

"Who were you on the phone with just now?" asked Jennifer, pressing her face against the table.

"A friend from Washington," Dean replied, focusing on the task at hand without going into detail.

A few minutes later, the table was still shaking, but another phone call came in.

"Damn~!" Dean, not yet sated, had to finish early.

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