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..................................... Abnormal Characters, end of day, Tuesday, September 9.
.......... Unusual Suspects, end of day, Tuesday, September 9.
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My favorite Deng Xiaoping expressions:
"Seek truth from facts." (He borrowed that one from Mao of course.)
"It doesn't matter if a cat is black or white, as long as it catches mice." (Pragmatism triumphs over ideology.) Of course today in China the gap between the rich and poor is much larger than it was in the days before the Communists came to power in 1949. How this disparity is handled will be one of the great challenges of the 21st century. My favorite Deng picture... I call it Dengie Does Dallas.
.......... Let's apply the Investors Intelligence Sentiment Survey to the Hang Seng Index. Using the Bears Over Bulls criteria, in the past 3+ years long-term investors have found only nine different occasions to step in and buy stocks. I often remind myself of the comment Buffett made back in 1990: "Lethargy bordering on sloth remains the cornerstone of our investment style." I have been somewhat active making commitments, but still relatively slothful, I hope. ;-)
.......... Check out Akiyoshi Kitaoka's latest creations.
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Chairman MaoXian |
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