A Look back @ Bye-Bye, CGA
On June 11, 2010 I wrote a blog titled Bye-Bye, CGA. In some way I am tooting my own horn by posting the link, but not joyfully. In large part it is because of the group I was able to trust my gut and cash out in real life. For that I thank you.
It appears that the Chinese system of business ethics continues to clash with those of the west. Until messes like this and the others we have been made aware of (I'm looking at you NEP) are cleaned up I will be inclined to stay clear of Chinese small caps. There may be a pile of cash to be made in China but the Wild, Wild East is not safe enough for me to place serious money.