Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (36343)	7/20/2003 9:57:00 PM
From: gumnam	Read Replies (1) of 74559

That - you are correct - Public utilities (such as tollroads) tend to be natural monopolies and one can and should expect a rational Government to control them. I just wanted to say that China or any other country is no more or less subject to capriciousness than the western world. Under modern capitalism, Govt is a stake holder with the power to change the rules. So for an investor caution, and diversification is absolutely necessary. Cheers Gumnam

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