This has been incredibly difficult to write. King Wan holds the distinction of being one of my worst investments thus far. Probably the worst in fact. It is always easiest to reflect upon the successes, but the pain from the losses… It is also the one company which I am least optimistic about in the short  -mid term. I currently hold 1,000,000 shares of KW bought at an average cost of $0.28 or so, after accounting for dividends. Upon reflecting though, I thought that KW is a fine example of incompetent management + my own emotions having clouded my judgement. The emotion part is particularly frustrating as I have flagged up many concerns in my investing thesis prior to investing, these concerns have now been realised and yet, at that point in time, I went ahead to buy 1,000,000 shares, HAVING done the due diligence. I have no explanation, ......