Reading Time: 2 minutes No. I’m not kidding. Big money (billions of dollars) usually is a good thing, but not easy if one wants to beat market return in a certain time. You can ask Charlie Munger (Berkshire’s vice chairman) and he will tell you Berkshire is going to make a (market+2%) annual return from now on, according to
Reading Time: < 1 minute Today is Oct 15, 2007. Shanghai Composites Index continued to defy the gravity, amid the central bank (People’s Bank of China) raised bank reserve rate by 0.5 again in the weekend. The composite index closed above 6000 (Sina) for the first time. Interestingly, history shows the CPC congress is bad for the stock market. Here
Reading Time: < 1 minute The following is picture I took at China Construction Bank in Shanghai (April 15, 2007)
Reading Time: < 1 minute Week in review 10/07 to 10/13 China Mingsheng Bank buys a stake in a US bank. China pork price is under control for now, how about housing? And stocks? Oracle placed a hostile $6.7 billion bid for BEA Systems, according to Bloomberg. Enterprise software arena will have one fewer importnant player. SAP buys Business Objects
Reading Time: < 1 minute (Update Oct 14) I saw this “UBS analyst conference call” from trader168, it talked about “UBS analyst followed the momentum, not the fundamental analysis”. Some food for thought amid all the craziness in the China A share market, and its ripple effect on Hongkong and US markets. (Original) The performance of recent Haigui stocks are
Reading Time: 2 minutes PE ratio, stands for the stock price vs. earning per share ratio, is the most commonly used (and mis-used) ratio in the investing world. I saw this PE ratio question at trader168 couple days ago, the question goes like this: BX P/E: 1.97 MSFT P/E: 21.15 JAVA P/E: 46.01 BIDU P/E: 195.95 VMW P/E: 268.98
Reading Time: 2 minutes Xiao Ke is a German guy. His wife Kiki is my wife’s elder sister. They came back home to see the family, friends, and do some sight seeing. I think Xiao Ke is the first German guy I ever talked to. He has very good understanding of Chinese and Germany culture/philosophies. I’m curious to learn
Reading Time: 2 minutes These days “Buffett sold PetroChina stocks” are all over the news, especially in the Chinese news media. After all, Warren has the best track record among stock investors in our time. But, what should we, average investor, read from this news? Or (on the other hand) can we simple ignore this news? First let me
Reading Time: < 1 minute From Reuters, Hard disk pioneers won Physics nobel: France’s Albert Fert and Germany’s Peter Gruenberg won the 2007 Nobel Prize for physics on Tuesday for a breakthrough in nanotechnology that lets huge amounts of data be squeezed into ever-smaller spaces. My take: Hard disk has changed the way we live and work, as we can
Reading Time: < 1 minute This is what I heard from a guest at “Market today” (China-CBN). Here is how it works: China Ping’an insurance (601318, 2318.HK) and China Life insurance (601628, 2628.HK, LFC) holds significant shares (more than 3%) from each other. Now they are buying shares from each other in the market, which will drive their stock prices
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