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China’s Red Dragon Turns Financial Crisis into Opportunity
The Chinese word for crisisis weiji.Â
But get this – when translated literally, wei means danger and ji means opportunity. So to the Chinese, a crisis – or danger – represents an opportunity.Â
Of course, you don’t have to actually speak Chinese to understand what this mindset means for investors.
What you’re seeing in China today is nothing less than the classic definition of a crisis presenting the profit opportunity of a lifetime.
While investors in U.S. markets are mostly concerned about saving their necks, China has been stacking the deck in favor of those who have the guts to pull the trigger on the most undervalued…
7Jan2009 | Money Morning | 0 comments | Continued
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