Many of my friends asked me whether I have invested anything in Chinese stock market these days. My answer let them down. "No." Being a faithful follower of two understandings: the domestic stock market is a notorious casino, and a good investment opportunity is always hard to be known by the public, I decide to keep away from it. To do something safe, or something I’m good at, like… collecting wisdom as follow:
"Fellow travellers create bubbles, when markets become dominated by the belief that you can sell on anything you buy at a higher price to someone else. Once every potential fellow traveller is on the road – there are no suckers left – these bubbles burst."
by John Kay
from Colum "CONFLICTING CREEDS: HOW TO VALUE ART, HOUSES AND ASIAN STOCK" www.ftchinese.com
Wednesday, May 16, 2007