I was also quite positive on the China equity story earlier on, closer to the time of the inception of this blog, before the Beijing Olympics. But after 5 years, I now realized it could be a big mistake to buy China because it is a country that has lost something important and it could take a long while to find it again. There isn't a good single word to describe this, is it morality? Or the good in mankind, or a sense of righteousness? Whatever. This is not just about cutting queue and stealing buffet food. We are talking about melamine milk, flushing babies down toilets, running over injured people a 2nd time to make sure they die because if they don't, the monetary compensation imposed on the driver would be more damaging.
I am sure most would agree that China has some serious issues here.
Yes other big (Read more...)
...I am sure most would agree that China has some serious issues here.
Yes other big (Read more...)