China
Out of context: Reply #724
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- shapesalad1
Jack Ma, the billionaire co-founder of Alibaba who disappeared from public life in 2020, has taken up a teaching role in Japan
https://www.businessinsider.nl/j…
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Any company in China is legally not owned by the owners, it's owned by the CCP and any moment in time, they can take it under their control if they think you are becoming to powerful.
Additionally if you invest in Chinese stocks while sitting in the USA etc... you are not buying directly shares, you are buying pieces of paper that are supposed to represent the companies stock 1:1. Again all at the whim of the CCP. All based on company reports that are not audited independently, numbers fudged.
So when Buffet says he's investing in Chinese stock... he might as well invest in Crypto dog coins.
- ADRs represents one or more shares of foreign stock or a fraction of a share.
Not necessarily 1:1, and it doesn't even has to be the exact company.sted - you miss the point sted, there are no "stocks" in China :)grafician
- @shape upvoting this, it's hilarious
"Ma will be conducting research and teaching about sustainable agriculture and food production."grafician - can they make money from theses "not stocks" tho? i think the whole point is to make money, instead of buying stocks.pango
- ADRs represents one or more shares of foreign stock or a fraction of a share.