He said it! Warren Buffet, the greatest investor, cautioned investors to be wary of China stocks' vertical climb in recent years. I know he is the GREAT ONE for a reason! I have the same feelings about China stocks as well, that is why I sold my MCHFX (Matthew China) fund last month. It almost doubled since I bought it and I sold it to diversify out to other Asian funds, not willing to concentrate on China alone. I still have 12% in Asia ex-Japan, but that includes HongKong, Taiwan, Korea, Singapore and Thailand. So I am a little more diversified.
I have learned a great deal from Warren Buffet. His theory that we should buy superior companies with solid management for undervalued price is the key to my investment philosophy. My purchase of Walgreen today is a direct application of his teaching.
Wednesday, October 24, 2007
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