Chinese rip off the faces of US investors

In Financial competency on 08/07/2021 at 2:37 pm

I’m sure u know about the Didi fiasco:

The big picture

  1. LOL, this latest is just the tip of a long litany of shareholder-unfriendly actions by the cheenas since late 2020. Hence my recent pondering about the 25% cheena weightage that I’ve been maintaining for the past 5 years.

    I’ve been paring my cheena positions over the past couple of months. Will still keep about 10-15% of my portfolio in cheena stocks, with greater focus on mid-caps & domestic-consumption oriented.

    I mean, cheena companies & their mgmt are already quite suspect. Now with the govt in as well, it makes a lot of their stuff “un-investible”.

    And it’ll weigh on STI too. Too bad for those stuck locally.

  2. […] Chinese rip off the faces of US investors(Thoughts of a Cynical Investor) […]

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