The cost of promoting TDMA

Reading Time: < 1 minute TDMA, or TD-SCDMA, is a Chinese domestic 3G standard (Wikipedia). China was not behind the west in terms of 2.5 GSM network and applications in recently years. Actually the development of mobile phones are so successful, the total users of China mobile phones users already exceeded half a billion (source: digitimes). China Mobile (NYSE: CHL),… Continue reading The cost of promoting TDMA

Jim Rogers

Reading Time: < 1 minute Jim Rogers is a fun guy, not the ordinary fun guy, but a millionare investor who used to work with George Soros (made a fortune). These days he is very bullish on China, although I don’t agree with him on a lot of his investment ideas. I liked his light-heartness and his passion for travel.… Continue reading Jim Rogers

Bank nationalization: II

Reading Time: 2 minutes This is the second part of my thoughts on bank nationalization, I hope President Obama and his finance team can read my blog, as they are thinking through the “bank rescue”, the No. 1 issue facing this country, and the world economy for that matter. As I said in my previous post, bank nationalization appears… Continue reading Bank nationalization: II

Buffett CNBC interview

Reading Time: < 1 minute When the Master speaks, we all listen. Here is what he said on CNBC “squawk on the street” Aug 22. Note I don’t pay attention to CNBC and “Squawk on the Street”, unless it’s someone like Buffett or Gross (Pimco) speaking. Here are the transcripts at CNBC. I read it from trader1688 first. Some interesting… Continue reading Buffett CNBC interview

Who to blame for current financial crisis?

Reading Time: < 1 minute Greenspan (regulators): for he kept interest rate too low (1%) for too long, during the recession after dot com bubble. Bush (politicians): for his failed Iraq war which cost American tax payers more than 500 billions so far. He asked American “go shopping” after 911, in addition to buying a car or a house. Democrats… Continue reading Who to blame for current financial crisis?

GDP and stock options

Reading Time: < 1 minute GRE analogy problem China GDP number: politicians vs. Corporate earning: executives stock options Hint: the local officials pump up the GDP numbers so that they can get promoted; the corporate CEO/CFO pump up the earning number so that their stock options will be more valuable. Of course in an ideal world, when the law is… Continue reading GDP and stock options

A good Chinese article on Value Investing

Reading Time: < 1 minute Buffett is in the news again yesterday. This time he is playing sidekick (financing) to help Mars to buy Wrigley (NYSE:WWY), the chewing gum company. One interesting Buffett comment I heard from CNBC is “I have doing taste testing of the Wrightly gum for 70 years”. Fun aside, Buffett and value investing have also been… Continue reading A good Chinese article on Value Investing

Random thoughts about China housing bubble

Reading Time: 3 minutes All right, now the Chinese regulatory (People’s Bank, China banking regulatory commision, China Securities Regulatory Commission,…) got what they wished for this Christmas: after the cool down of the doemstic stock market, now housing market started take a turn (according to many experts including Vanke CEO Wang Shi). This is reflected in the sharp declining… Continue reading Random thoughts about China housing bubble