Do not buy
the small companies unless you REALLY understand the company. There are
too many frauds. Even CAT was fooled by a small Chinese company and had
to write off that company it acquired.
They do not have an
organization like SEC here. It is a wild, wild west. I have been burned
more than one time, so shame on me. I routinely skip the companies with
Chinese address and Chinese names for their executives as I do not trust
their financial data. I hope the Chinese government will set up their
own SEC soon to lure foreign investors.
However, a lot of folks
made money on small Chinese companies and the two richest folks I know
(one is friend's friend and another one is my high school classmate) got
very, very rich by participating the IPOs of some Chinese companies
(well-known now). Also, I believe the best but risky investment would be
in China for the next 10 years.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment