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Chapter 3: The Oracle of Austin

  The days between the wager and the deadline were an exercise in excruciating boredom. In my old life, a three-day waiting period meant thirty meetings, four flights, and a thousand emails. Here, in the "pastoral paradise" of the Mercer Estate, it meant watching dust motes dance in the sunlight and listening to the grandfather clock in the hallway count down the seconds of my wasted youth.

  September 13th passed. Then the 14th. Then the 15th.

  I played the role of the recovering invalid perfectly. I sat on the porch, nursing my ribs, watching Big Jim yell at landscapers about the cost of fertilizer. I watched Travis leave in the mornings to "save the city" and return in the evenings looking defeated by the bureaucracy. I ate Priya's Khichdi—which was improving, though she still hesitated with the garlic—and I waited.

  The house was too quiet. It lacked the jaan—the life force—of an Indian home. There were no cousins running through the halls, no aunts gossiping in the kitchen, no neighbors dropping by unannounced for tea. Just four people living in a twelve-thousand-square-foot mausoleum, separated by walls of silence and secrets.

  This is the American Dream, I thought, watching a lone hawk circle the empty blue sky. So much space, and nothing to fill it with.

  Then came the morning of September 17th.

  Miles away in downtown Austin, the morning sun hit the glass fa?ade of the Mercer, Stone & Sterling law firm.

  Robert Mercer sat in his corner office, the one with the panoramic view of the State Capitol. He was a creature of habit. Coffee (black), Dictaphone (ready), and The Wall Street Journal (freshly pressed). He took a sip of coffee and unfolded the paper, his mind already drifting to the deposition he had scheduled for ten o'clock regarding the stable liability suit.

  Then, the headline on the bottom fold caught his eye.

  APPLE COMPUTER CHAIRMAN STEVE JOBS RESIGNS. Co-founder leaves following power struggle with CEO John Sculley; Plans new venture.

  Robert froze. The coffee cup hovered halfway to his mouth.

  He blinked, reread the headline, and then slowly reached into his suit pocket. He pulled out a folded piece of thick, cream-colored stationary. The red wax seal was still unbroken. With a flick of his thumb, he cracked the wax and unfolded the paper.

  Prediction 1: September 16. Steve Jobs resigns from Apple.

  Robert stared at the boy's handwriting. It was crisp, angular, assertive. It wasn't the looping scrawl of a teenage musician; it was the script of a man who issued subpoenas. He looked back at the newspaper. The date of the resignation was yesterday, the 16th.

  "Well I'll be damned," Robert whispered to the empty office, a chill running down his spine that had nothing to do with the air conditioning. He buzzed his secretary.

  "Linda, cancel my ten o'clock. And get me the file on the Grandmother's Trust. Yes, the restricted one."

  I was in the kitchen, pretending to read a comic book while actually calculating leverage ratios on a napkin, when Robert walked in. It was 11:00 AM. Robert Mercer never came home at 11:00 AM.

  Priya looked up from her tea, alarmed. "Robert? Is everything okay?"

  Robert didn't answer. He walked over to the granite island and placed two things on the countertop: a copy of The Wall Street Journal and my folded prediction note.

  He looked at me. His eyes weren't the eyes of a father looking at a son. They were the eyes of a Senior Partner looking at a particularly dangerous Associate.

  "One for one," Robert said.

  I put down the comic book. "And the stock?"

  "Down four percent in pre-market trading," Robert said. "Panic selling."

  Priya picked up the paper, scanning the headline. Her eyes widened. She looked at the note, then at me. "Rudra... how? This is... Steve Jobs is the face of that company. No one thought he would leave."

  "The board thought he was a liability," I said simply, taking a sip of water. "It was inevitable. Founder's Syndrome."

  The tale has been taken without authorization; if you see it on Amazon, report the incident.

  "Founder's Syndrome?" Robert repeated. "You sound like you've been reading Harvard Business Review cases."

  "I read a lot in the hospital," I lied.

  Robert loosened his tie—a rare sign of agitation. He pulled a stool out and sat across from me. "Alright. You got the first one. But the second one... the Plaza Accord? That's geopolitical, Rudra. That's not just a boardroom spat. You're predicting that five nations will conspire to devalue the world's reserve currency in... five days?"

  "They have to," I said. "The trade deficit is strangling American manufacturing. Reagan can't let Ford and GM die. He needs a weaker dollar to boost exports. The Japanese and Germans will agree because they need the US market to stay open. It's not a conspiracy, Dad. It's a correction."

  Robert stared at me. I could see the gears turning in his legal mind. He was weighing the evidence.

  "If I unlock the trust," Robert said slowly, "Big Jim will lose his mind. He thinks that money is for your Ivy League education."

  "If I'm right about the Plaza Accord," I countered, "I'll make enough money in one week to buy a building at Yale."

  Priya gasped softly. "Rudra!"

  But Robert grinned. It was the grin of a man who secretly hated the safe, boring path he had walked his whole life. "Fine. But we don't wait for the 22nd. If you want to trade on the news, you need the capital ready before the news."

  He reached into his briefcase and pulled out a thick binder. "I prepared the paperwork this morning. I'm appointing myself as the custodian, but granting you 'Limited Trading Authority.' You can execute trades, but you can't withdraw cash. The money stays in the system."

  Smart, I thought. He's mitigating the risk of embezzlement.

  "Acceptable," I said.

  "We go to the bank in an hour," Robert said. "Wear a suit. If you're going to gamble your inheritance, you're going to dress like a Mercer."

  An hour later, inside the Private Wealth Division of First Texas Savings & Loan, the air smelled of stale coffee and anxiety. Mr. Henderson was a man of simple tastes. He liked low-risk municipal bonds and early lunches. He did not like sixteen-year-olds in oversized suits dictating financial strategy.

  He sat behind his mahogany desk, looking nervously at Robert Mercer, one of the bank's biggest clients, and then at me.

  "I... I want to clarify," Mr. Henderson stammered, adjusting his glasses. "You want to liquidate the entire municipal bond portfolio of the trust? All two hundred thousand dollars?"

  "Yes," I said. My voice was raspy, but my tone was bored.

  "And you want to move it into... a Forex margin account?" Henderson looked at the form again, his brow sweating. "This is highly irregular, Mr. Mercer. Forex is volatile. It's for institutional investors."

  "My son has a... theory," Robert said, leaning back in his chair, looking amused.

  "It's not a theory," I interrupted. "Mr. Henderson, what is your current leverage cap on currency futures for a high-net-worth account?"

  Henderson blinked. "Fifty to one."

  I smiled. It wasn't a nice smile. It was the smile of a wolf looking at a lamb chop. "Excellent. I want you to set up the account. By Friday morning, I want to be able to open a short position on the USD/JPY pair. Use the full two hundred thousand as margin collateral."

  Henderson choked. "You want to short the Dollar? Against the Yen? Son, the Dollar is the strongest it's been in a decade!"

  "Exactly," I said. "Everything that goes up, Mr. Henderson..." I made a whistling sound and a downward motion with my hand.

  Henderson looked at Robert, pleading with his eyes. Stop him. He's going to burn the money.

  Robert just shrugged. "The paperwork is signed, Henderson. Execute the trade when he calls it in."

  Henderson scribbled on his notepad, his hand shaking slightly. Note to file: Client explicitly warned of total loss. Madness.

  As we walked out of the bank into the blinding Texas sun, I felt the weight of the account slip in my pocket. Two hundred thousand dollars. With fifty-to-one leverage, I controlled ten million dollars worth of currency.

  "You realize," Robert said as we got into the Lincoln, "that Henderson thinks we're insane."

  "Henderson is a clerk," I said, buckling my seatbelt. "He pushes paper. We move markets."

  Robert laughed. "You're getting arrogant, Rudra. Don't let it go to your head. You still have to be right about Sunday."

  I looked out the window at the vast, empty horizon. "Sunday is the easy part."

  Dad," I said. "When this pays off... I'm going to need a company. A shell corporation."

  Robert glanced at me. "Why?"

  "Because," I said, looking out at the vast, empty Texas horizon. "I don't want Big Jim to know who's buying his debt."

  Robert was silent for a long time. Then, he nodded.

  "I'll draw up the articles of incorporation," he said softly. "But you need a name."

  I smiled. I already had one.

  "Bhairav," I said. "Bhairav Holdings."

  "Bhairav?" Robert asked. "What does it mean?"

  "It's a form of Shiva," I said. "The Destroyer. And the Protector."

  Robert turned the car up the long driveway.

  "A little dramatic for a holding company, isn't it?"

  "You haven't seen the market crash yet," I said. "Drama is coming."

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