New York City, USA
Through the massive floor-to-ceiling windows of an upscale restaurant, Manhattan's dazzling skyline stretched out like a living painting. The interior, adorned with antique touches, exuded a luxurious charm, reflecting the sophisticated atmosphere typical of a place frequented by the upper crust.
On a small stage tucked in one corner, a jazz singer in a sparkling gown stood beneath soft lights, crooning a slow, soulful tune into a vintage stand microphone. The gentle piano accompanint drifted through the air, blending perfectly with the stunning nightti view of New York outside—an elegant pairing of sound and sight.
It was the kind of place designed for more than just dining. The cosy ambience made it the ideal spot for intimate conversations, where whispered deals and quiet negotiations could unfold over exquisite als.
Even though a single entrée cost as much as the average worker's weekly wage, the restaurant was packed from early evening, with barely a table to spare. The tables spaced just enough to maintain privacy, were occupied by people whose faces were instantly recognizable—celebrities, tycoons, and influential figures. This wasn't a place for the ordinary. It was a haven for those wielding imnse wealth or power.
Among these elite diners were George Soros, founder and CEO of Quantum Fund, and Rodney, his protégé and the firm's Chief Investnt Officer. Both were impeccably dressed, sharing a bottle of wine that cost thousands of dollars, its rich aroma mingling with the faint scent of polished wood and expensive cologne.
As he cut into a perfectly cooked lamb chop and brought a piece to his mouth, George Soros spoke, his tone casual yet probing.
"I heard the dollar-yen exchange rate almost broke 95 yen today."
Across the table, Rodney responded calmly, his deanour steady.
"It did touch 95 for a mont but settled back down to 95.14 yen."
"What's your outlook?"
"You an for the dollar-yen rate?"
"Yes."
Rodney paused, contemplating his words while George Soros waited patiently, his piercing eyes never leaving his protégé.
"The upward pressure has eased as it approached 95, but I don't foresee a significant drop."
"So, you're saying the yen's strength will persist for a while."
"That's correct."
George Soros gave a small, knowing nod as if Rodney's assessnt confird his suspicions. Then, with a hint of regret in his voice, he added,
"I expected Davidson's policy shift towards high interest rates to curb inflation would strengthen the dollar after his midterm loss. Looks like I was way off."
The analysis following the midterm elections had indeed pointed to the middle class—suffering under soaring inflation—abandoning the ruling party as a decisive factor in their defeat. The erosion of support from this once-reliable Democratic base was a painful blow for the White House and the party alike.
For President Philip Davidson, who was eyeing re-election in the upcoming presidential race, the situation was nothing short of a crisis. In response, Davidson swiftly abandoned his low-interest-rate policies in favour of aggressive rate hikes to combat inflation.
(TL/n - Philip Davidson is Bill Clinton)
But this sudden shift in U.S. monetary policy had ripple effects far beyond its borders. xico, for instance, found itself blindsided by a sudden currency crisis, unable to withstand the shockwaves of Arica's financial manoeuvres.
Naturally, as U.S. interest rates rose, the dollar's strength was expected to follow suit. George Soros and most of Wall Street's big players had bet heavily on a strong dollar since late last year.
Glancing at George, Rodney offered a small gesture of consolation.
"The xican crisis was within the realm of expectation, but honestly, who could've predicted such a massive earthquake in Japan?"
"That's true," George Soros muttered, lifting his hand slightly. A waiter imdiately appeared, refilling his empty wine glass with practised precision.
"How much capital has flowed back into Japan so far?" George asked, swirling the deep red liquid in his glass.
"Just over one trillion yen, from what I've gathered," Rodney replied.
George raised his eyebrows, a faint expression of admiration crossing his face.
"I knew it, but still… Japan's resilience is sothing else. It's the kind of economic powerhouse that once nearly surpassed the U.S."
Rodney, too, had co to appreciate the formidable influence of the yen carries trade—often personified by the term Mrs Watanabe—which referred to Japanese investors pouring funds into overseas assets. This ti, he felt its full force as the capital flooded back into Japan.
"The damage from the Kobe earthquake was estimated at ten trillion yen, wasn't it?" George continued.
"That's correct."
"Then we can expect a continued influx of yen carry funds for quite a while," George concluded.
Rodney's face tightened slightly, betraying a hint of discomfort.
"That's highly likely."
Investors on Wall Street, anticipating a stronger dollar, had been selling yen and Deutsche marks en masse to buy up U.S. dollars. George Soros had done the sa, with Quantum Fund heavily positioned to short the yen while going long on the dollar.
Adding to that, George—already infamous for his attack on the Bank of England—had publicly declared in major dia interviews that "the dollar is significantly undervalued against the yen," boldly predicting a decline in the yen and a surge in the dollar.
But within just a few months, the exact opposite had happened. Now, George was facing not only public ridicule but also the grim reality of Quantum Fund suffering massive losses due to the miscalculation.
Yet, despite everything, George Soros showed no signs of anxiety. There was no fidgeting, no furrowed brows. Instead, he calmly brought the wineglass to his lips, taking a slow sip before speaking again.
"Good thing we set up a safety net for a situation like this."
"I agree," Rodney said, leaning forward with a more serious expression.
"But for the option terms to trigger, the exchange rate needs to break past 95 yen. As I ntioned earlier, the resistance is quite strong."
George's lips curled into a sly smile.
"The tougher the battle, the greater the reward."
Then, with a glint of sothing darker in his eyes, he added,
"And resistance? It's nothing that can't be crushed with enough force."
Rodney's gaze t George's, his voice steady but laced with concern.
"If the exchange rate spikes too quickly, the Bank of Japan might step in to intervene directly."
George set his wineglass down, leaned back in his chair, and asked, his tone laced with aning,
"You know what they call , don't you?"
Rodney responded without hesitation, his voice carrying a note of reverence.
"The man who brought the Bank of England to its knees."
Leaving a mark on global economic history wasn't sothing just anyone could achieve. Naturally, Rodney's respect for the man sitting across from him was undeniable.
"As they say," George mused with a faint smirk, "the first ti's hard. The second? That's easy."
Catching on swiftly to George Soros's intent, Rodney straightened his posture, his deanour sharpening.
"If you manage to make the Bank of Japan raise the white flag after the Bank of England," Rodney remarked, "you'll be rewriting the legend itself."
George chuckled softly, his eyes fixed on Rodney with a glint of pride.
"It's a legend we will create together."
Despite being well into his sixties, George's eyes sparkled with a vigour that defied his age. Rodney, buoyed by the older man's undiminished energy, allowed a smile to creep across his face.
"A legend we'll create together… Just hearing that lights a fire in ," Rodney admitted.
Finishing his al, George dabbed at the corners of his mouth with a napkin before setting it neatly on the table.
"With Japan reeling from the earthquake, this is the mont when the Bank of Japan is at its weakest. Don't let this opportunity slip. Restructure the plan and bring it to ."
Rodney nodded, his mind already racing through scenarios.
"When should I have the report ready?"
"The sooner, the better."
"I'll have the proposal on your desk first thing tomorrow morning."
Noting how smoothly Rodney had adapted to the shifting circumstances—already preparing a Plan B—George's expression softened with approval.
"This is why I like you," George said with a rare warmth.
As he regarded Rodney, the man he considered his successor, George's eyes glead with trust. But then, as if struck by a sudden thought, he shifted gears.
"We'll handle Japan as discussed, but I recently ca across an intriguing paper. You should take a look when you have ti."
Though George Soros was a titan of Wall Street, his passion had always leaned more towards academia. He harboured a strong desire to have his economic theories recognized in scholarly circles. Reading economic papers remained one of his few consistent hobbies, even amidst his high-stakes investnts.
Rodney, well aware of this habit, responded casually without overthinking.
"The fact that you're ntioning it must an it's sothing special."
"It's titled The Correlation Between Technological Advancent and Economic Crises. To sum it up: as technology advances, information spreads faster, and with it, fear and uncertainty propagate more rapidly. This, in turn, amplifies the psychological impact on investors, making economic crises more volatile than in the past."
Rodney let out a low whistle, genuinely intrigued.
"That's a fascinating perspective."
George nodded, his expression thoughtful.
"It aligns with my view—that people's understanding of the world is inherently flawed. Predictions rarely match reality, and that gap plays a critical role in how situations unfold."
"That explains your interest," Rodney said with a smirk.
"Even aside from that, it offers so novel insights that could be valuable for our investnts."
"Who authored the paper?" Rodney inquired.
"Professor Frank. You probably know him."
"You an Philip Frank? The Nobel laureate from Harvard?"
George nodded again.
"That's the one."
"If it's Professor Frank, his work is respected not just in academia but on Wall Street too. I'll definitely have to read it."
But then George added sothing unexpected.
"Interestingly, it wasn't just Frank. There was a co-author."
"For soone to co-author a paper with Professor Frank, they must be a highly distinguished scholar," Rodney mused.
But George's response caught him completely off guard.
"I thought the sa," George Soros admitted, his voice tinged with amusent. "But when I looked into it, I was shocked."
Rodney stared, puzzled. There was a peculiar glint in George's eyes now, the kind you'd see in a child discovering a new toy.
"Turns out, the co-author isn't a renowned professor or scholar from so prestigious university. It's a young man who graduated from Harvard just a few years ago."
"What? Is that true?" Rodney's eyes widened in disbelief.
"I know it sounds like a joke, but it's real. I couldn't believe it myself, so I double-checked, even triple-checked. It's a fact."
"If that's true, he must be a phenonal genius."
"Well, according to Professor Frank, if that young man had stayed in academia, he'd have won the Nobel Prize soday, just like him."
Rodney raised an eyebrow. "You an he's not in academia anymore?"
"Nope. Graduated from Harvard and returned to his ho country. That's why I'm bringing this up. I'd like to scout him for our fund. What do you think?"
Rodney didn't hesitate. A talent endorsed by a Nobel laureate needed no second thoughts.
"The more brilliant minds we have, the better."
But then a question flickered in his mind.
"If he returned ho after graduation, I'm guessing he's not Arican?"
George nodded. "I heard he was an international student from South Korea. His na was… right, Seok-won Park."
The na sparked a mory. Rodney's brow furrowed briefly before realization struck. His eyes widened, and a sharp breath escaped his lips.
"Ah."
George's expression tightened. "What is it?"
"If it's the sa person I'm thinking of—and I believe it is—working with us might be impossible."
George's eyes narrowed. "And why's that?"
"Do you rember Eldorado Fund?"
"The one that made a killing with bonds recently?"
"They've also raked in impressive profits trading xican pesos and yen," Rodney added.
George nodded. Eldorado Fund has been making waves on Wall Street in recent years with astonishing returns. Even he had taken notice of them.
"Don't tell
he's already been recruited there," George muttered, his brow furrowing deeper.
Rodney let out a dry chuckle.
"Not exactly. Seok-won Park is the owner of Eldorado Fund."
"What!" George's eyes nearly popped out of his head.
"Are you serious?"
Rodney nodded gravely. "Dead serious."
For a mont, George could only stare, and then a bewildered laugh escaped him.
"I always wondered how a rookie fund could post such insane returns. But now, after hearing this, it all makes sense."
Rodney smirked. "Sa here."
Rodney, who had long suspected that it wasn't Andrew but Seok-won leading Eldorado Fund's investnt strategies, now felt his suspicions confird.
"So, he's the head of a competing fund…"
Rodney mused, shaking his head. "You're right—it'll be tough to bring him on board."
George Soros clicked his tongue, clearly disappointed.
"Still," he said with a wry smile, "this just makes
even more curious about him. I'd love to et him soday if the opportunity arises."
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