Preaching to the investing congregation.
As 2003 ended, American investors rushed to put their money in a whole new set of IPOs. They particularly rushed to the big red rice bowl in the sky to put their money in mainland Chinese companies. In Chinatown, they sell paper currency for Chinese New Year, issued by the Bank of Hell. One cannot help wondering if this same bank is lead underwriter for these stocks, based as they are in a regime that has all the transparency of the Great Wall at midnight - during an eclipse.Indeed, even as
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