Essence articles,important articles on magazines.

“Reconstructing China Merchants”
Zhu Xi, and so the
CITIC Publishing House in November 2008 Release 1
Reading Index:

Merchants are indeed more successful businesses in Mainland China. Introduction of Chinese companies than similar books, this book is written well, we can learn something from. Example, how out of Ping An Insurance, China Merchants, the book has several explanations, all right, which the end of 2007 China Merchants Financial Officer Lee cited most valuable spring of expression: “We believe that, when the insurance company is a relatively large risk. Question is that you extract the compensatory fund may be insufficient, in the past realized profits may be virtual, but then problems may lead to insurance loss. Until now, this issue is not exposed. However, it may one day be exposed out, but, then China Merchants Bank, China Merchants Securities, from the management philosophy, culture, and we are still relatively homogenous, You share some of the ideas and principles. But Ping An Insurance Bu Tong, because there are some differences in management philosophy, we have Ji Benshang not control. “investment in China Ping An Insurance and other insurance stocks noticed yet?

“Silly wins investor: low risk and high return of investment”
[U.S.] call to duty Lai
Machinery Industry Press, July 2008 version 1
Reading Index:

On the auction because of the chance meeting with Mr. Buffett, a time known as the “Warren Buffett disciple,” is a shrewd marketer. China, the publisher of the cover of the packaging as “Derailed,” beat the smart interpretation of the reality of the scene in “Forrest Gump”! I do not know where the inspiration? In fact, the investment class book “Rich Dad” good readability.

Shih Wing Ching c view: Human Special smart stock market do?

2009.3.13

I commented a bit more because of the prospect of HSBC, was badly mistakenly thought I was an expert stock from time to time been asked over to help, ask me whether a stock has bottomed. The reality is that I have asked the companies they do not understand the only honest to tell them that I really do not know. But they always refused to let me easily. So I can only say that in the real economy yet to recover, no one can confirm that the market has bottomed out.

Searchers, it was not satisfied with this answer. He heard stories of: active in the stock market, funds are among the most intelligent, has a strong vision, so the stock market recovery in the real economy before the first rise. Some people even say that the stock market will generally take the first six months over the property market, can observe the market to determine the timing of investment in the property market.

I think such remarks can only reflect the stock of human arrogance and human not reflect the stock market than the average person is really smart. This financial tsunami, not a large number of stocks not the human one? Even God is known as the Warren Buffett shares the same head bumped black, suffered heavy losses.

The reality is that the people active in the stock market is not much difference with the ordinary people, as some of the bad quality, as in actions subject to the greed and fear. Even if their wisdom is really high than the average person can get in the Harvard MBA, to get economics at the University of Chicago PhD, or PhD in mathematics at MIT to get, but once they need the time to act, becomes a rational dwarf, the five major U.S. investment banks have sent a dead end. Follow them could really have good results?

The reason why the stock market recovery in the economy before the first rise in the human ability to foresee the stock market is not particularly strong, but because they are greedy, all the time have a tap luck, in a bear market as Cookin wild guesses, one can make them a bit Visions of the message, they dare to Bo. Hakata always have time to give them a few times in the economy really hit good, and so they self-wise than people thought.

In fact, not every bear market has become sluggish, and there will be numerous rebound, rebound every time there are people persuaded that the really good go on the way, or that so many people willing to take real money sacrifice. Will share the honor of a million marrow, recovery time before investors anticipate success, I wonder how many investors have lost his life. So, I’ve never been one see the stock market rebound, went to buy that stock market before you step in the property market. As in the case of total race was to buy the horse, but if the next game with him to buy, you will not pack in.

For ordinary investors, would rather miss the opportunity to make money ten times can not be a momentary greed, time enough to take away the risk of drowning. The world have daily opportunities to make money, missed cause for regret, but a serious loss, then enough to make you never recovers.

Stock market are always the product of economic activity, economic recovery, the performance of enterprises have room for improvement, companies have the opportunity to increase the dividend, the stock rose only basis. And other economic recovery after the stock market, although it will overpaid a little, but a lot of security. Small investors do not deserve too win.
(Reprinted from the March 13, 2009 am730C view)

[Value of home]
V Wuhan You have it? Ready to buy a house in Wuchang, read the East Lake, the Bund. Lake, South Lake’s house, we give some suggestions it!

Yang
V Wuhan You have it? Ready to buy a house in Wuchang, read the East Lake, the Bund. Lake, South Lake’s house, we give some suggestions it! Thank you
2009-5-12 8:19:00
ren_0821
Saburo: I have recently also taken into account in the Wuchang buy a house. To about about, how? Please also take a lot of pointing. Thanks
2009-5-12 9:10:00
Arctic
My home in Wuchang.
I suggest that, as far as possible to buy a quiet surrounding some of the community; my home district in recent years around the vehicles, and some noisy at night.
East Lake’s house as cost is not high;
Star City waterfront lake sand floor, I think the spacing is too narrow, and so many houses, estimated resident population density is high.
Castle Peak and the South Lake of the house had never seen, is not clear.
2009-5-12 9:42:00
ren_0821
Thank you, I buy a house primarily home working in Shiyan Xiaogan now consider the angle and the children will attend school this fall is to buy now or in the future to buy? But a friend tried to persuade me to buy now. Please listen to your analysis. Thank you a

2009-5-12 10:04:00
fredliu
This morning I read magazines about 4 trillion to go along with the article, Wuhan, central A benefit appears to be investment, house prices trend will happen? Talk to you about.
2009-5-12 13:35:00
huowax
Travel next week to Wuhan, Wuhan Yousha fun, delicious, and I know there is the Yellow Crane Tower, East Lake, Guiyan Temple, the Ministry of Lane
2009-5-12 14:26:00
huyin2003
I bought a set of pedestrian streets Optical Valley, like how did the price drop. Jiangxia bought the house prices dropped by 10%. House near the subway should be good
2009-5-12 20:59:00
Yang
Now studied lake road Jindu Han Palace, Phoenix, Sand Lake, waterfront Star City, East Lake, the world, South Lake Golden Green, UOB family, Paul Oliver are, Poly Xinyu, calmly South Lake Rose Bay.
Feel Jindu Han Palace Road close to river, the house form a unique design, not as residential quarters, all very well if placed in the sea, residential landscape design is very modern, price from 11000; as close to the road, and the district planning side of the road is the Clubhouse (single), road noise, no blocking of access to communities.

Phoenix and such ren said Star City waterfront, density too, Louju too small, the price in 8000 onwards, and no room to sell the ah. Ha ha
Wuhan East Lake is the self-proclaimed world’s housing market benchmark, European design, the price of 10,000, he highlights the landscape is the disadvantage of Louju not bright, sudden wealth and officials to buy more.
South Lake film is emerging in recent years, the new Army, Golden Green, leader after the opening sales have been good, Dahua close to gold, in 2007 the difference in price soared to more than 7000, but in 2008 after prices have been declining, from the current 4,500.

Found that the less advertising properties for sale, South Lake Rose Bay, in South Lake, is a subsidiary of Shenzhen Ye stride in Wuhan, the first real estate development, 50 of the total area, quiet residential environment, gives me the feeling of love at first sight, the current There are 10 sets of around a house, the price is the opening price of 91 fold, 20-layer price in 6000, relative to gold, UOB relatively strong, but I have had the urge to buy.

Have to understand Rose Bay or other properties for sale friends hope to publish comments. I am a self-occupied.
2009-5-12 21:02:00
Yang
Optics Valley of California sun and walk the street Yangjiawan Paul Oliver are all side of the house Subway, but as close to the road, so do not buy a house close to the roadside, their prices have dropped more in 2007 in the second half, Paul Oliver Special rooms are 85 fold. If it is a good investment location, but the price is difficult to say.

2009-5-12 21:06:00
huyin2003
I bought the California sun, in the past 92 price break, it seems that is the price. Wuhan future development was good, but because local too, not center, not the housing bubble.

2009-5-13 18:29:00
ren_0821
Merrill Lynch yesterday to Xudong home town looked pretty good feeling is a little high there is to know the details of the Mody
2009-5-14 8:02:00

Shih Wing Ching c point of view: the nationalization of U.S. banks face

2009.2.23

Although the U.S. government made it clear that U.S. banks should pay the private sector to operate, but look at the current situation of U.S. banks, the nationalization of U.S. banks have been able to escape the fate.

The reason is simple, the United States, most banks have been insolvent from a technical perspective, or the remainder of the funds have been unable to support such a large-scale business model. If the U.S. government does not give financial assistance, they have been out of business, the next moment.

Originally, through the securitization of mortgage debt, U.S. banks can put out most of the risk of market share to other investors. However, the U.S. Federal Reserve kept interest long-term pressure at a low level, the senior management of Bank of America again these securities to buy back the toxic assets and put their own subsidiaries in making interest rate differential, in order to highlight their own profit capacity. Only thus can the share price to rise to warrants granted to them profitable.

The subprime crisis bust, not only breaking for a large number of mortgage loans, other loans such as auto loans, credit loans, loans for private equity funds, have emerged a large number of bad loans, the bank hands of the debt securities of the assets has changed into negative equity.

According to some estimates of the financial advisory body, the U.S. bank losses accumulated in this area has reached more than 10,000 2 trillion yuan. If the Government does not give a helping hand, many U.S. banks have been insolvent, bankrupt, if not immediately, it is difficult to win the trust of depositors, bank runs can occur at any time dilemma.

Now, although the U.S. government has injected large banks in the United States, or eat into the hands of large banks of toxic assets, but increasingly found that the toxic assets of the banking industry far more than expected, as the government’s money into a black hole is the same, disappear without a trace.

But the U.S. financial industry senior management is still not repent. They continue to take advantage of government funding for their own bonus for his office as luxurious decoration, by private plane to meet, play golf by the name of holiday business meeting. Taxpayers have been very dissatisfied.

U.S. government to use taxpayer money to rescue large corporations, rather than rescue people in dire straits; buy toxic assets instead of buying good assets with potential. People have been very disappointed. Further develop, the world will again be lost confidence in U.S. banks, because the Government’s approach is still not enough to the real Bank of the United States out of the woods.

Practical point of view, these investors in the hands of Bank of America shares fell early to be worthless, the banks can continue to operate, thanks to the Government’s continued funding. In this case, the Government has every reason to wrest management control. To safeguard the interests of taxpayers, not to let managers misappropriated taxpayer investment.

Current market of U.S. banks to play their due functions can still skeptical. Market worried about the future there will be a large number of syndicated loans can not swap the phenomenon, because many banks are still a leg to stand, it is difficult to expect them to have the ability to support private sector lending.

In order to avoid problems worsened until it’s level, the only way for the government to take over these banks by the Government on behalf of the bank should have social functions. At the same time, the Government should restructure the banking management, change management who seek personal gain, when the conditions are driving the stock sold to the appropriate investors.
(Reprinted from February 23, 2009 am730C view)