Hello Malcolm, <<Jay Chen recently bought shares in toll road companies in China>>
… and quickly sold shares in toll roads Message 19094404 … because their implicit values were made explicit. I will buy them back, as I intend to with the Argentine shares and the Indian equities, and when the time is right, even a few US tech plays. Money has no loyalty :0)
BTW, all of my trades are regularly aggregated here and posted to Pezz more or less real time achamchen.com as part of my altruistic give-back to where it all comes from.
<<But I wonder…>>
… I think a few strands of thoughts:
(a) The Chinese government do not make decisions easily when these decisions might hurt overall investment climate, even though such decision are made that had temporarily hurt certain types of investment (i.e. a recent example was the outlawing of ‘guaranteed return’ type of joint ventures whereby one or the other partner is guaranteed a return even if the venture itself does not make the returns, thus having to be made good by the other partner – this after-the-fact retroactive amendment to the law hurt a bunch of investors who then approach folks like Jay to work matters out :0)
(b) In an environment where the law is in flux, where regulations are being made more complete, investment is dangerous, and thus the returns are better, at least in theory;
(c) My experience with China shares so far have been good, getting dividends, netting capital gains, and every-so-often, stumbling on to a mania or two;
(d) But, yes, the land is strewn with investor bodies.
Chugs, Jay
P.S. <<I know a chemical company that wanted to build a plant in China to manufacture a certain insecticide. Serious negotiations began but in the end were not successful. A key sticking point was that the government wanted an upper bound to the selling price of the insecticide in China>>
... Malcolm, now you are talking about my bread, butter, cucumber soup, caviar, goose liver pate, black olives, red wine, and brie cheese of my reason for professional being. Next time when such or more complicated and even hopeless opportunities arise, get in touch with Jay, and we can work out a deal ! |
