Chereads / The Estate: Legacy of the Future / Chapter 4 - Striving for a Future

Chapter 4 - Striving for a Future

Part 1

The morning sun cast a gentle light over the Graciastas estate, filtering through the grand windows and illuminating the elegant study where Philip and Galatea sat. They had been working diligently for hours, surrounded by stacks of documents and reports. The room was a blend of modern technology and classic luxury, with sleek computers and touchscreens seamlessly integrated into the traditional decor.

Galatea leaned slightly forward on Philip's desk and smiled at him. "Philip, I've submitted your name to the board for approval as a new director of Andromeda Industry Group. Once you've familiarized yourself with the company's affairs—say, in about six months—I plan to call a shareholders' meeting to re-elect the entire board and support your appointment as chairman."

Philip's eyes widened in surprise as he looked up from his notes. "You did?" Philip was genuinely surprised as he had thought that Galatea would rather delay that process. Philip had assumed it would be in Galatea's interest to keep him dependent on her to manage the corporation.

Galatea nodded, her expression earnest. "No, that has always been your father's plan. Once you're a director, I'll introduce you to the key shareholders and executives to build the support you need for the chairmanship."

Philip was taken aback. He had expected resistance, but Galatea's unwavering support left him momentarily speechless. "Thank you, Galatea. I didn't expect this."

"It's my duty to ensure the estate thrives with you at its helm," she replied with a sincere smile.

Suddenly, Philip felt a strong sense of motivation. They resumed their study, delving into the intricate operations of Andromeda Industry Group. As they reviewed a report on MA Chemicals Incorporated, one of the core subsidiaries of the group, Philip discovered that most of the group's silicone supply was sourced from the Celestial Dragon Realm, a vast and enigmatic nation. He did not expect his father's business connections to reach that far and wide.

"Why did my father choose to source silicone from the Celestial Dragon Realm?" Philip asked, curiosity etched in his features.

Galatea, standing by his side, deftly tapped the glass surface of the oak work desk. The desk functioned as a massive touchscreen, and documents sprang to life at her touch. She opened a file revealing a detailed analysis of silicone prices by country. The data showed that the Celestial Dragon Realm offered the lowest prices per pound of silicone, coupled with an unparalleled production capacity.

"Their production efficiency provides a significant advantage," Galatea explained, her voice smooth. "It's not just about cost; it's about the scale and consistency they maintain."

As Galatea leaned over Philip's shoulder, he caught the delicate fragrance of her hair. The sunlight pouring in from the skylight above cast a halo-like effect around her. Her presence was both natural and poised, stirring something deep within him. For the first time, he realized just how tall she was. Galatea's usual attire—a crisp white blouse and a sleek leather skirt—enhanced her striking appearance.

"Thank you, Galatea," Philip said, striving to keep his focus on the task at hand.

"You're welcome, Philip," she replied with a gentle smile. "Do not hesitate to ask me any questions."

The words were simple, yet they carried a weight that Philip couldn't quite grasp. The trust he was supposed to place in her clashed with his underlying wariness. Their interests might not align, but at that moment, he couldn't deny the connection between them.

After a while, the focus of their study shifted to the massive investment portfolio held under Graciastas Holding Corporation. It was the corporation established to hold all of Alexander's passive shareholdings. In other words, it was the entity holding all the shares of corporations that Alexander did not control. The entity effectively held his passive investment portfolio.

As Philip examined the holdings, he noticed it was heavily weighted on public technology stocks listed in the Atlantean Republic. Most of these were monolithic technology companies deeply involved in artificial intelligence and robotics. Although these stocks were currently very valuable, Philip couldn't ignore the financial metrics that suggested they might be overinflated.

"These technology stocks have sky-high P/E ratios and concerning financial metrics," Philip mused aloud. "I think the technology sector might be in a bubble. We should consider reducing our positions in some of these holdings."

Galatea looked intrigued. "That's an interesting suggestion, Philip. But I've heard that the Atlantean central bank is widely expected to lower their interest rates soon. Wouldn't that boost overall asset prices, including stocks?"

Philip leaned back, his eyes thoughtful. "The price-to-earnings ratio, or P/E ratio, measures how much investors are willing to pay for a dollar of earnings. Currently, many tech stocks have extremely high P/E ratios compared to historical averages, which means investors are betting on very high future growth. This is reasonable given the potential of some of these companies. But when most tech companies have ratios this high, it could indicate a bubble. If the expected growth isn't realized, valuations will drop. So, converting some of those potential gains to certainty now makes sense."

He paused, ensuring Galatea was following, before continuing. "Regarding the central bank interest rate movements, you are correct. If the central bank lowers the borrowing rate, then the equity asset class in general will go up as the discount rate on future cashflows will be lower. However, any expectations of future central bank movements are likely already factored into current stock prices."

Galatea nodded, clearly engaged. "So, if the Atlantean central bank lowers rates, it could indeed boost asset prices. But you're suggesting this is already priced in?"

"Exactly," Philip replied, his tone growing more animated. "Financial markets are forward-looking. Investors base their decisions on expectations of future events. If the market widely expects a rate cut, that expectation gets reflected in current stock prices. For months now, media outlets and analysts have been speculating about a rate cut. This anticipation means the potential benefits of lower rates are likely already baked into current stock valuations."

Galatea's eyes sparkled with understanding. "And if the central bank doesn't cut rates as expected, or if the cut is less aggressive, it could trigger a sell-off because the market would need to adjust to the new reality."

Philip nodded. "Exactly. Investors might panic, fearing that the economic support they anticipated isn't coming, leading to a sharp correction in stock prices. Given the potentially inflated valuations we're seeing, such a correction could be severe. Therefore, I believe it's prudent to divest some of our holdings in these tech stocks while prices are still high."

Galatea considered his words carefully. "Submit a formal recommendation to me detailing your analysis and reasons for selling. I'll ensure it's acted upon accordingly."

Philip couldn't help but smile. "You really do take your duty very seriously. You're so formal about it."

Galatea smiled back, her eyes softening. "Of course. I need to exercise objectivity, independence, and professional judgment in my role as the trustee of the Graciastas Testamentary Trust. Mr. Graciastas' legacy is very important to me."

Philip nodded slowly. "Right... independence... but we are like living together now…."

Galatea's expression remained calm and professional. "That's part of the trust requirements, but we do live in different quarters."

Philip chuckled. "True enough."

Their conversation flowed easily as they continued their work, the morning passing in a blur of discussions and shared insights. A sense of camaraderie was beginning to develop between them, hinting at the potential for trust and perhaps something more.

Part 2

The morning sun now stood high in the sky, casting a warm, golden glow over the study where Philip and Galatea had been ensconced for hours. Their session had been intense, filled with intricate financial discussions and strategic planning. Philip felt the strain seeping into his bones, his temples throbbing with fatigue.

Noticing his weariness, Galatea offered a sympathetic smile. "Philip, I think it's time for a break. We don't want you getting sick of learning. How about a 30-minute recess?"

Philip chuckled, appreciating her attempt to lighten the mood. "A recess sounds perfect. Thanks, Galatea."

He stood and stretched, feeling the tension ease from his muscles. "I'm going to use the washroom," he said, heading towards the door.

As he left the study, Galatea watched him go, her expression thoughtful. She understood the weight of the responsibilities he was shouldering and wanted to ensure the pace of learning was just right.

Philip returned a few minutes later, feeling refreshed. As he approached the study, he heard the faint strains of piano music. The melody was beautiful and haunting, each note resonating with a deep sense of longing and sorrow. It was a piece filled with emotion, evoking a sense of profound love and loss.

He entered the room quietly, his eyes widening in surprise. There, at the grand piano in the corner of the study, was Galatea, completely absorbed in the music. Her fingers moved gracefully over the keys, each touch producing a sound that seemed to reach into Philip's very soul. The morning sun streamed through the skylight above, casting a golden halo around her as she played.

Galatea looked ethereal, her long blonde hair cascading over her shoulders, catching the light in a way that made it seem almost golden. Her expression was one of deep concentration and emotion, her blue eyes focused on the keys as if they held the secrets of her heart. For a fleeting moment, she appeared like a princess from an old fairy tale, so graceful yet distant.

The music enveloped the room, the melancholic melody speaking of a love lost to time, of memories that lingered but could never be relived. Philip stood transfixed, mesmerized by both the music and the sight of Galatea so fully immersed in it. He felt his eyes water as the song continued, each note pulling at his heartstrings. He had never heard a song so beautiful and yet so sad.

As the final notes of the piece echoed through the study, Galatea let her hands rest on the keys, a soft sigh escaping her lips. She looked up and met Philip's gaze, her expression softening into a gentle smile.

"That was beautiful," Philip said, his voice barely above a whisper. "What's the name of that piece?"

"It doesn't have a name," Galatea replied, her voice tinged with a lingering sadness. "Mr. Graciastas taught it to me."

Philip's eyes widened in surprise. "My father taught you this song? Were you close with him?"

Galatea nodded, her gaze steady. "Yes, we were very close. The three of us lived in this estate until Mr. Graciastas passed."

Philip was taken aback. "The three of you? Who's the third person?"

"Dr. Sokraberg," Galatea answered. "We were like one happy family."

Philip felt a pang of jealousy and suspicion. "One happy family, huh? Is that what you call it?"

Galatea's expression remained calm, her voice unwavering. "We shared a strong bond built on mutual respect and a common vision."

Philip's sarcastic facade faltered slightly as he processed her words. He had expected defensiveness or evasion, but Galatea's sincerity was disarming. Still, he couldn't fully let go of his ingrained prejudices. "Right. Well, you certainly seem to know your way around this place."

Galatea smiled gently. "I spent many years living here. It holds many memories."

Philip nodded, his thoughts a whirl of conflicting emotions. "Was this song for my mother? Victoria always painted my father as a workaholic with no sentimental side."

Galatea shook her head slowly. "I don't know who the song is about. Both Dr. Sokraberg and Mr. Graciastas knew it well."

Philip found the image of two divorced tycoons living together with a beautiful young woman too ironic and awkward. He couldn't help but chuckle. "It's quite a scene to imagine. The three of you here, playing house."

Galatea's smile was patient. "We were a team, working towards a common goal. It was less about playing house and more about realizing a vision."

Philip nodded, still processing the new perspective on his father. "Thanks for sharing that with me. It means a lot."

Galatea looked into his eyes, her expression one of quiet gratitude. "Thank you, Philip. I'm glad I could share it with you."

For a moment, they sat in silence, the remnants of the music lingering in the air. It was a moment of rare intimacy, a glimpse into the depths of Galatea's heart, and a reminder of the complexities that lay beneath her composed exterior.

Part 3

After another hour or two of intense study, surrounded by stacks of reports and financial statements, Philip stood up to stretch. Suddenly, a soft chime echoed through the spacious 24-foot-tall study room, signaling the presence of visitors. A small screen, embedded into the top left corner of a pillar in the left-right center of the room, flickered to life. The security system was seamlessly integrated into the mansion's design, featuring a high-resolution display that showed a live feed from the front entrance. The image was crisp and clear, allowing for detailed scrutiny.

The security system was comprehensive, including motion detectors, infrared sensors, and biometric scanners, ensuring that only authorized individuals could access certain areas of the estate. The control panel, located discreetly in the study, allowed Galatea to monitor and manage the system with ease.

Two maids stood at the entrance, having pressed the bell that sent an alert to the security system. They were both in their early twenties and blonde, but each had distinct features. Scarlet, the taller maid, had a tanned complexion with defined yet exquisite features and large, expressive eyes. Millie, the other maid, had a very fair complexion with soft, sweet features and large, serene eyes.

Galatea smiled as she observed them on the screen. "The maids are here with lunch," she said, rising from her seat. She quickly walked through the halls of the mansion to the front door. She opened it, greeting Scarlet and Millie warmly. "Thank you for preparing the meal."

Scarlet grinned, her expressive eyes lighting up. "It's our pleasure, my lady. We hope you two will enjoy it."

Millie nodded quietly, her serene demeanor a contrast to Scarlet's exuberance. "Everything is prepared as requested," she said softly.

Philip watched as the two maids wheeled the food through the halls and into the massive dining hall on a cart, their movements efficient and practiced. The dining hall was an impressive space, also 24 feet tall, with grand chandeliers casting a warm glow over the long table. The table was set with an array of gourmet dishes: perfectly seared steaks with a delicate char, roasted vegetables glazed with balsamic reduction, truffle mashed potatoes, and a fresh garden salad adorned with edible flowers. A decanter of fine red wine stood proudly at the center, its deep ruby color inviting.

At the far end of the dining hall, an openable glass door led to a beautiful deck that opened up to the estate's expansive garden. The view was breathtaking, with meticulously manicured lawns, vibrant flower beds, and towering trees swaying gently in the breeze.

Galatea gestured for Philip to follow her to the dining hall. "Lunch is served," she said with a smile.

As they entered the dining hall, the aroma of the food filled the air, making Philip's stomach growl in anticipation. Scarlet and Millie carefully arranged the dishes on the table before excusing themselves. "We'll leave you to enjoy your meal," Scarlet said, her voice cheerful. "If you need anything else, we'll be in our quarters."

Millie gave a polite nod. "Please don't hesitate to call us if you require anything."

Philip watched as the two maids departed, heading back to their residences. The Graciastas family had always valued privacy, a trait that Galatea seemed to have inherited. The maids lived in smaller residences on the property, only coming to the main mansion when called upon or when they needed to greet guests or delivery people. This arrangement ensured that the main residence remained a sanctuary of peace and privacy.

Galatea took a seat at the table, gesturing for Philip to join her. "Let us enjoy the meal," she said warmly.

Philip sat down, taking in the elegant surroundings and the sumptuous spread before them. The dining hall's grandeur, combined with the delicious food and the serene view of the garden, created a sense of timeless luxury.

He glanced at Galatea, a smirk playing on his lips. "It really appears my father preferred blondes."

Galatea, undeterred, smiled back. "Your mother certainly left an impression on him."

Without realizing it, Philip's perception of his father was subtly shifting. The idea that his father had a sentimental side was a new perspective, one that added complexity to his image of the man he thought he knew.

The lunch was a feast for the senses. The steaks were tender and flavorful, the roasted vegetables perfectly caramelized, and the truffle mashed potatoes creamy and decadent. The garden salad, with its mix of fresh greens and edible flowers, provided a refreshing contrast. The fine red wine added a touch of sophistication, its rich notes complementing the meal beautifully.

Part 4

As they sat down to eat, Philip found himself stealing glances at Galatea, trying to decipher her intentions. She remained an enigma, a blend of warmth and professionalism that left him both intrigued and cautious.

Philip's dedication to fitness was evident in his broad shoulders and strong arms, while his dark hair framed his fair face, often masking his inner turmoil. However, his belly had started to expand ever since he began his sedentary banking role.

Galatea, on the other hand, carried herself with effortless grace. Her blue eyes sparkled with intelligence, and her movements were measured and precise, reflecting her meticulous nature.

As they conversed, Philip couldn't help but notice how Galatea's lips curved into a gentle smile whenever she spoke, and how her eyes lit up with genuine interest. Their conversation flowed from business matters to more casual topics, each exchange punctuated by moments of silent understanding.

Their conversation was interrupted by the buzz of Galatea's phone. She glanced at the screen and then looked at Philip. "It's Dr. Max Sokraberg. He wants to confirm that you'll be attending the engagement party for him and Ms. Snow Yin."

Philip's eyebrows shot up as if propelled by springs. "Dr. Sokraberg is getting engaged? To Ms. Snowing? And he wants me there?"

"Of course," Galatea replied, her tone light and reassuring. "You're an important part of his life, and he wants you to be there to celebrate with us. Your father was his best friend."

Philip leaned back in his chair, considering her words. The idea of attending the engagement party filled him with a mix of excitement and dread. On one hand, it would be an opportunity to connect with Dr. Sokraberg and perhaps gain some insight into his father's world. On the other hand, it meant stepping into a social setting that he wasn't entirely comfortable with.

"I suppose I could go," he said finally, trying to sound casual but failing miserably.

Galatea's smile widened, her eyes sparkling with genuine happiness. "I'm glad to hear that."

Galatea's enthusiasm was palpable as she described the upcoming engagement party. Her hands moved gracefully as she spoke, accentuating her excitement. "The Imperia is quite a magnificent venue. The view from the top floor is breathtaking, especially at night. The city lights look like a sea of stars."

Philip nodded, trying to keep his voice steady. "It sounds... impressive. I suppose it will be a grand event."

"It will be," Galatea agreed, her eyes shining with excitement. "Dr. Sokraberg and Ms. Yin are such a wonderful couple. Their engagement is a testament to the beauty of true intellectual companionship."

Philip couldn't resist a sarcastic remark. "Intellectual companionship? Is that what you call it?"

Galatea's smile never wavered. "Yes, it's a bond formed through shared values and deep intellectual connection. It's rare and precious."

Philip's smirk faded, replaced by a more serious expression. "And you're happy about him getting engaged?"

Galatea looked genuinely puzzled. "Of course. Why wouldn't I be? Ms. Yin is wonderful."

Philip couldn't shake the feeling of unease. "And you don't think this will change anything between you and Dr. Sokraberg?"

Galatea shook her head, her expression sincere. "No, it won't. Daddy will always be Daddy. In fact, that's why he picked Ms. Yin. We get along very well."

Philip's eyes widened, and his jaw dropped as he tried to process her words. "Daddy? You mean like with the sugar?"

Galatea's laughter bubbled up, filling the room. "What am I, a cup of coffee?" she asked, her shoulders shaking with mirth. Then, suddenly, she paused, her eyes narrowing as realization dawned on her. "Oh, did you mean what I think you meant?" Her voice took on a slightly sharp edge.