Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (151467)	1/12/2003 6:19:05 AM
From: Bill Harmond	Read Replies (2) \| Respond to of 164684

Since you're "busy spending endless hours on the ground in China", let me help you out. Maybe I can save you the distraction of spending "endless hours" posting to us "armchair investors" here at the same time, telling us it's just tooo awesome and complex for us to fathom. Income distribution in China is actually pretty close to the US. The top 10% of Chinese make 40% of the money, vs 43% here in the US. You can go on and on about how there are 8 times as many Chinese as Americans in their top 10%, but the fact still remains that group makes one-tenth as much as their American counterparts. All this BS you are laying out about a mass market for BMW's, and lattes and steak dinners at US prices flies in the face of the cold truth that this upper class makes 90% less than their American counterparts make. If a Starbucks latte were to cost $40, an Outback dinner $200 per person, and a BMW $300,000 here in the US, I doubt there'd be much of a mass market for them. That's the relative price for the Chinese, if the prices you say are true. Your BS about living at home doesn't explain it. If 40 million Chinese can afford a BMW, show me the money. Ask your BMW marketing friend why he sold 3,600 in the vast nation of China last year. No one disputes that China is a huge opportunity. Just get your head on straight.