Quotations and comments from "Tiger Woman on Wall Street" - Winning Business Strategies from Shanghai to New York and Back by Junheng Li
"My conviction that the market is not efficient < > contradicts one of the great canons of modern finance theory: < > Inefficiency exists because accurate information takes time to travel and surface .."
" .. China is essentially caught in a prison of its own success: the staggering and unprecedented achievement of lifting 500 million people out of poverty in a bit more than 30 years."
"By shorting a stock you are effectively expressing your opinion that the business has a risk or flaw that the rest of the market doesn't yet see."
" .. there are two types of short candidates: hypes and frauds."
"In 2009 < > to stave off the impact of the global financial crisis, China pulled its stimulus trigger and released a $4 trillion package for large fiscal projects."
"The world was impressed, < > Commentators everywhere forecast the decline of America, and some even went as far as to make the case that state capitalism should be the new model for the modern era." China was relatively untouched by the 2008 financial crisis and following recession. However, Junheng Li goes into considerable detail in describing China's social problems that she believes will prevent China from taking world leadership completely away from the United States.
"Changes in a stock's market value are typically driven by expectations of a company's earnings - profits distributable to shareholders - quarter by quarter."
Towards the end of her book Junheng Li recounts the very informative history of KFC{Kentucky Fried Chicken} in China. This history includes a description of China's traditional 100-day yellow free range chickens and America's 45-day white "shoebox" chickens. Although America seems to exceed China in numerous "human rights" issues, this "chicken history" would be disquieting for more sensitive animal rights advocates.
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