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God, Guns and Gold
Give capitalism a chance…
Last night, we attended a birthday party for our old friend, Lord Rees-Mogg. Tout London was there – Maggie Thatcher and David Cameron, for example.
We had heard that Mrs. Thatcher had been unwell; but she looked spry…even sturdy. It was not the occasion to ask a serious question…but we wondered how she must feel. She, along with Ronald Reagan, did so much to set capitalism free. But now, it is being put back in a cage…
All the world’s major markets are in major declines. The worst hit so far are those in the Far East – which…
16Jul2008 | Daily Reckoning | Comments Off | ContinuedInvesting in China: Wrestling this Growing Behemoth
Unless you’ve been asleep for the past 10 years, you know that the hot investment ideas all come from China these days. It makes sense. With 1/5th of the world’s population, and a stronger desire to gain “developed country†status than any other country in the world, China has presented everyone with strong growth opportunities.
Unfortunately, most investors just don’t get it. They’ve been buying up stocks just because they say “China” in their names. It’s just like 1999, when people bought stocks just because they ended with “dot-com.” And we all know how that turned out.
I’ve been laying it all…
9Jun2008 | The Penny Sleuth | Comments Off | Continued
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