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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (7682)	12/8/1998 7:55:00 PM
From: Dayuhan	Read Replies (1) \| Respond to of 9980

Stitch, Story that might interest you, and others: last weekend I had a talk with the father of a friend, a very intelligent, polite, and wealthy gentleman of Chinese extraction. We talked about the crisis, and transparency, and the way markets are managed. An interesting point arrived when we talked of the rectitude of trading based on inside information. He simply could not imagine the possibility of trading without inside information. To him, the entire art of business is acquiring and acting on inside information, and the notion of trying to regulate it made no sense at all to him. Didn't really feel I had the stature to refute, given that my entire net worth is probably less than the value of one of the paintings on his wall, but I had to wonder where it would have led if we'd pursued it. Mutual incomprehension, probably. Steve

To: Stitch who wrote (7682)	12/14/1998 9:31:00 AM
From: Worswick	Read Replies (2) \| Respond to of 9980

Some years ago I was sitting inthe office of the US ambassador to Korea and I expresed the idea that the Soviet Union would split up and Siberia would be split off from Russia. Siberia had done this in both the revolutions of 1905 and 1917. I was greeted by blank looks then overly polite murmurs, "What an interesting thought....etc." "More coffee?" The following are thoughts expressed in the Senate hearings about US/IMF contributions. In September, 1998 the one American I know about who has spent extensive time outside the various self-contained enclaves of "...the American business and government elites ... in the wild places of the world" expressed the following ideas. Here is what he had to say. I suggest strongly you all read every single word... My best to you, Clark house.gov