"In China, the Dangers of Due Diligence"
“Unfortunately, even as due diligence into the integrity of domestic enterprises in China has become more important in the light of perceived widespread fraud and misrepresentation, access to records has become even more difficult,”We have written about this extensively - China does not have securities with any margin of safety.
3 comments:
I read back through your China posts and found the following gem.
How dumb would you have to be to buy Chinese securities?
I'll assume that was a rhetorical question, lol.
I'll share one of mine.
November 6, 2007
Savvy Chinese Know Exactly When Bubble Will Burst!
In hindsight, it was definitely one of my best heckles. The Shanghai Composite was 5,536 that day (which was very near its peak). As of today, it is 2,236. What's a 60% loss among friends? ;)
Nice.
I actually remembered that sage advice. I've made it a point to stay away from Chinese equities!
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