| Legendary investor Warren Buffett once said, "Where you are headed is more important than how fast you are going." Speed is definitely important but sound logical analysis and planning are just as important.
I have invested in both American and Chinese companies. A lot of the Chinese companies, especially the family controlled ones, are utterly un professional in their approach and management of businesses. Most of them eventually revealed fraud (not that US companies are immuned, e.g. Enron and Worldcom). And in their "speed" to expand, a lot of the expansion plans and acquistions of Chinese companies are ill thought out and totally wasteful. See Chinese Multinational Companies at http://investorsdiary.blogs.com/my_weblog/2005/03/chinese_multina.html |
Luoyang Telephone Number Upgraded