Chapter 273 : 273 Analyze And Future Trends
Though he wasn't afraid of losing management rights, he didn't like being controlled, so he proposed this condition.
Giannini finally saw the young side of Hardy, thinking this must be his true face.
Creating billions in assets in two years and becoming the biggest underground power in Los Angeles, he could not be as gentle and refined as he appeared.
The old man nodded, "I agree with your opinion. On behalf of Bank of America, I agree. As for the specific shares, we will discuss them with the partners, including the shares and management dividends ratio."
Hardy knew that as long as the old man agreed, this matter was basically settled.
The old man took a sip of the coffee, then asked, "Hardy, do you have any plans for the future development of your enterprises?"
Hardy knew that Giannini might be about to discuss other matters with him, and this question was just an opening remark.
"The Second World War is over, and we are the greatest beneficiaries. This is beyond doubt. People like a stable life, and all kinds of consumer products will be in high demand in the future. We can increase our investment in this area."
"With abundant supplies, people will pursue a higher quality of life. Entertainment will be indispensable, and the momentum in the entertainment industry will remain strong. There is still a lot of money to be made in movies, television, and records."
"Oil will continue to be one of the most profitable industries in the future. Additionally, all chemical industries derived from oil will be heavily used in daily life. The automobile industry, too, will flourish. Currently, the car ownership rate is only 5% among households nationwide. This number will increase significantly, with at least one car per household becoming the norm."
"The military industry will undoubtedly receive a lot of attention from the government. We won the war with advanced weapons, and the government will want to maintain that advantage, so there will be no stinginess in investing in military technology. Just a single order from the Department of Defense could sustain many businesses."
"I believe the export industry will see a significant boost. World War II severely impacted many countries, including our allies, Britain and France. They need to rebuild, which will drive demand for steel and building materials, thereby increasing domestic steel production and possibly raising steel prices.
The increase in steel production will naturally lead to the development of the mining industry, resulting in higher profits."
"Furthermore, Asian countries especially Japan, which have suffered enormous disasters from the war, face severe shortages of goods. They will become a vast market for development in the future. We can consider laying out plans there in advance."
Amadei Giannini looked at Hardy, trying to hide the shock in his eyes. Many things Hardy had just said aligned with the analyses of the American Bank think tank.
There were no think tanks yet, but as a super corporation, the American Bank did have a few advisors who acted as the precursors to think tanks. They analyzed future trends based on political, economic, social, military, diplomatic, and technological information.
Giannini had always found these advisors incredibly helpful and relied on them heavily. Recently, the advisors had conducted a simulation on the future economic direction and industrial development of the United States.
Hardy's predictions about consumer products, entertainment, steel, building materials, automobiles, military industry, and even exports were almost identical to the advisors forecasts.
The old man was astonished because these predictions were conclusions drawn by the advisors through extensive data analysis and some internal government information provided by himself. He didn't believe Hardy had access to such information, as his investigation revealed that Hardy didn't have such deep connections with the government.
Yet, Hardy's analysis was so accurate, indicating that this young man's mind was incredibly sharp and his vision very keen, able to see so many situations clearly.
Anyone who could foresee the trends for even a couple of years and then steadfastly work towards those goals would surely make a lot of money. No wonder Hardy had achieved such great success in just two years.
However, there was one point Hardy made that differed from the advisors analysis: the situation in Asia.
The advisors predicted that Asia would have no significant development prospects for at least twenty years and was not worth considering for investment. They believed the American Bank's focus should remain domestic, with a small portion in Europe.
Most American companies followed a similar strategy, which was proved to be correct with the only exception being japan. As a defeated country japan will rise so fast beyond the expectation of all American consortium.
Hardy smiled and looked at Giannini. "Most of my industries are already heading in these directions—ABC Television, the film company, the airline, Playboy magazine, the TV manufacturing company, the cosmetics company, and so on. These all belong to the consumer products category. I will continue to develop these industries diligently, and i believe there's still a lot of room for growth."
"Additionally, the gambling industry is also a significant growth area. I believe Las Vegas will become the gambling capital of America, if not the world. By creating a strong brand, we can attract many tourists to spend money here. The gambling industry will undoubtedly be a hugely profitable sector and will continue to grow."
Giannini nodded. "I've learned about your Hardy Grand Hotel. To be honest, your business strategy has many unique aspects, especially the TV lottery and proxy betting companies, which cleverly circumvent the national lottery restrictions."
"I've heard that the TV lottery is now more profitable than the casino itself. Is that true?" Giannini asked.
"Indeed. The TV lottery now stabilizes at around $60,000 per draw, with annual revenues exceeding $30 million. Including the casino, it should be around $40 million," Hardy said.
Giannini thought to himself, my American Bank, with dozens of partner companies, has an annual profit of just over $200 million. Yet, a small casino can achieve annual revenues of $40 million. Such profits are undoubtedly enviable.