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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (9104)	12/2/1999 10:25:00 AM
From: peter michaelson	Read Replies (1) of 78671

Mike, have you ever done business in Asia? It's not so much the particular accounting system or other particulars. Mainly, it's the culture which does not condemn slyly picking the pockets of strangers, so long as it is done intelligently. There often exist many inside deals using a strange tangle of corporate shrouds, etc. There are many ways to skin this cat. Having said that, the Deswell guys seem to me about the most trustworthy of any smaller Asian enterprise I've looked into. And I don't mean to appear prejudiced in some way, but Western investors hear warning bells whenever considering investment in Asia. FWIW peter

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