• Ernie Diaz

Wood Have Should Have

Of all the financial gurus currently preaching risk-off China, camera-friendly Catherine Wood of Ark Investments gets the most financial show airplay. Her buzzwords are everyone's "regulatory zeal" and "delta variant concerns".

Dare we remind of Buffet's edict to "buy when others are fearful"? Perhaps sudden regulatory crackdowns invalidate that timeless advice. But we should report that Ark has quietly started buying depository receipts or

"There's a serious misalignment between how the West views Chinese markets and what's really there," says Edward Lehman. "The entire focus is on U.S. listed tech giants, and the Hanseng. Meanwhile, mainland China stocks are the second largest equities market, and the most liquid. Granted the SSE hasn't seen the melt up that the S&P 500 has, but neither is it driven by policy specifically aimed at increasing its value. Institutional investors looking for uncorrelated equities would be wise to look a bit deeper than the headlines."

6 views0 comments

Recent Posts

See All

Let's tick off all China's bad news, before getting to the good news. Good news, that is, for investors looking to diversify their global portfolios. Not so good for Gordon Chang and other patient app

Like Hollywood, the western press is invested in narratives and emotional manipulation. Unlike Hollywood, that press has no compunction about skipping the third act of a story, if it doesn't fit that

Politics makes shortchanged bedfellows. As we've written before and will no doubt write again, the paradigm that China stocks = the VIEs of giant tech companies that make it to New York is keeping ave