Recently I sold almost all of my Chinese holdings. At this point I believe it is a good idea to take some of those chips to a new table. But which one? Last week I had convinced myself that Brazil was the way to go. And just as I had settled on that idea pieces were published on The Motley Fool that have me second guessing my decided path. As Charlie Brown would say, “AAUGH!!!!” I almost feel as though Lucy has pulled the football out of the way just as I was about to kick it. Jennifer Schonberger, you are my Lucy! Did you really have to conduct that interesting interview with Ms. Lu? Did you really have print it? Did I really have to re-read it before going to sleep last night? Good grief!
Don’t worry, Jennifer, I’m aware no malice or mischief was meant. You’ve done me, and other Fools a favor. By helping to open our eyes to the opportunities in India through your interview with Ms. Lu you have provided us with a great service. A side effect of this broadening of our investing horizons has been to stick me with homework. I have much to learn about the nuances of Indian business culture and the society at large. I have already signed up for Tim Hanson’s blog that will cover his upcoming visit. Hopefully he will be able to provide some insight that will assist with my education. [more]
First GM decides to spend the last thirty years doing everything wrong. The result? Bankruptcy! Then a gov't takeover. Then the present administration meets resistance to the government option insurance idea with its death panels so they take the next logical step: They are going to find a way to kill your grandparents! Yes! You heard it here first. They want to control healthcare spending by wacking the elderly. How will they do this? I am glad you asked. What is the one sure way to kill an old person besides using a pillow? No, not that. Think again. Yes! They are going to kill grandpa with a Buick! "Wait!", you say ,"How are they going to have so many psycho agents on the steets, in Buicks, waiting to run over old people at pedestrian crossings?!" Oh, my friend, the plot is more simple and evil than that. Your elderly loved ones will control their own fates, their deaths, and maybe even yours should you ride with them in their shiny New Buick!!! [more]
Oh, the humanity! Link
BTW: The financial tie in to this story is I found it while paying bills. :)
The first week of this month I sold CPBY, FEED and CSR. Yes, all three are companies from China. I decided it was time to sell because I believe the Chinese markets are due for a correction and that as small caps they might have exhausted themselves. That left me one Chinese company, CGA. I’ve had my eye on them and thought it a good candidate for further investment. I decided to take a portion of the money from the sale of the previously mentioned three and double my position in CGA. That was the first time I have taken such a bold action. Man, am I glad I did it. As I type this CGA jumped 20.12% for the day for a gain of 38% for the last four weeks! I know that many of you have gone through this kind of thing before but it is still pretty new for me so pardon the dance in the in zone. [more]
Pack up your spam and go away. You are barking up the wrong tree. We are not your market. This site is frequented by free thinking, intelligent and goal oriented people. Your attempts to hock your *black market / fallen off a truck* items to us is a giant waste of time. Sod off, you festering codpiece.
I'll spare you the rant. Click here for the scoop. [more]
This morning I had the pleasure of sitting face to face with world famous New York Yankee and newest addition the Federal Reserve Bank’s talent pool, Mr. Yogi Berra. [more]
A friend of mine has an idea that I think is not sound. He owns house A but wants to buy house B. House B is desirable because it is a better fit for him and his family and it is selling for 30-35% less than its estimated market value from last year. This would make his monthly payment on house B less than house A. The house is not in a neighborhood that is full of oversized MacMansions, just a good middle class neighborhood in the burbs. He wants to get a loan for house B from a new lender and then in good faith try to sell house A to pay back the loan. What worries me, but not him, is that he is comfortable with giving the home back to the bank that has the mortgage for house A if it does not sell in short order. He is not worried about the hit his credit score will take should he decide it is best to give up house A because he says for a number of years he will not take out a loan for anything after the purchase of house B. He regards surrendering house A as a business decision. I think this is a bad idea and I have told him so. [more]