Chapter 422 172. Donnie is Destined to Make a Name on Wall Street (A Major Chapter with Ten Thousand Characters, still repaying debts~)
'A barbarian has barged into Wall Street!' -- "Wall Street Journal"
The very next day, the "Wall Street Journal" published a story about Sinclair Oil Corporation's short selling battle.
'Jesse Livermore will suffer the biggest defeat in his career...'
It was obvious that the "Wall Street Journal," along with the rest of Wall Street, believed that shorting an oil company that had just released positive news was akin to seeking death.
Even if that person was Wall Street's very own famous short-seller, Jesse Livermore!
'Heh heh.'
While having breakfast, Jesse Livermore saw the news in the "Wall Street Journal" but he didn't take such reports to heart; Livermore was a solitary trader, operated without a company behind him, and his investments were based solely on his own analytical abilities, so he didn't really care what the outside world thought of him.
And the key point of this article wasn't actually about Jesse Livermore; his name was merely used as a bit of sensationalism.
The "Wall Street Journal" was indeed capable; in just one night, their investigation had uncovered that the real person wanting to short Sinclair Oil was Atlantic City's Donnie Block!
And the barbarian mentioned in the "Wall Street Journal" headline was also Donnie Block!
'Donnie Block, who retired from the army in 1919, returned to his hometown and started from a pub. In just two short years, Donnie Block created a vast business empire in Atlantic City.
The world's first commercial radio, Atlantic City Broadcast with 8 million listeners across America, was the foundation of Donnie Block's business empire. Leveraging Atlantic City Broadcast, Donnie Block created the Miss America pageant, which influenced the entire nation and changed the way Hollywood actresses were selected.
According to our investigation, as the second Miss America approaches, tens of thousands of American women have already registered to participate. It is anticipated that this will be yet another nationally followed beauty pageant.
Donnie Block also co-founded the Atlantic City Tourism and Entertainment Company with several other companies, acquiring the sole gambling license after the legalization of Atlantic City's gaming industry. The under-construction Surf Hotel will become America's first legally recognized super casino, and it is expected to become the nation's biggest money pit.
By this year, Donnie Block had also contracted three major oil fields nearby, officially entering the oil industry, likely in preparation for his development in the sector with the shorting of Sinclair Oil Corporation.'
In this "Wall Street Journal" article, a portion of Donnie's businesses was listed.
The report omitted any mention of Donnie Block's bootlegging businesses, not because the "Wall Street Journal" had suddenly grown a conscience, but because Donnie's bootlegging involved too many other people, and even the "Wall Street Journal" didn't have the guts to publish it.
But even the public exposure of just part of Donnie's assets had garnered considerable attention.
Previously, Donnie's reputation on Wall Street was confined to financial investment institutions as everyone was watching when Atlantic City Broadcast would go public.
But for the average New Yorker, Donnie Block was unknown. Experience tales at My Virtual Library Empire
That is to say, until now, as the "Wall Street Journal" article reached more people, they began to learn of a figure like Donnie Block in Atlantic City.
And Donnie's legendary experiences also sparked a lot of interest.@@novelbin@@
In just two years, he had created a personal wealth of tens of millions of US dollars, a feat of wealth that was envied not just in the East, but even more crazily in the West, where fortune is revered.
However, not everything in the "Wall Street Journal" article was positive about Donnie; more of it was actually negative.
And those negative points were focused on Donnie's attempt to short Sinclair Oil.
'...Perhaps the success in Atlantic City had made Mr. Donnie Block from Atlantic City become blindly arrogant, leading him to recklessly charge into Wall Street, trying to short a thriving oil company.
Our reporters have interviewed multiple economists and investment experts, who all gave a unanimous response: with America's economic rise and rapid manufacturing development, as cars shift from an extreme luxury to a necessity, oil will become the crucial resource of the future. From any angle, the oil industry is poised for a phase of rapid growth.'
It is believed that Donnie Block must have seen this too, which is why he decided to enter the oil industry and establish Pandora Oil Company. But at this time, this successful man from Atlantic City seems to have lost his bearings, thinking of shorting a well-established oil company that had been in operation for over a decade in the stock market.
No one knows what Donnie Block was thinking, but anyone who sees this move considers it a foolish one, resembling a king who, after brief success, began to show signs of blind arrogance...'
'Haha!'
What do you think?
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