A year ago today, the SCI closed at 5,843.11 points. Now that it’s around 1,830, we’re looking for ways to derive some non-monetary value from its ungraceful plummet. With that in mind, the Capitalist Roader Fund presents “Going down in history with the SCI.” Today, we’ve passed the British North America Act that led to […]
Category: Markets
As we look at another week in the life of the Capitalist Roader Fund, we are once again finding comfort in the knowledge that the vast majority of our losses occurred in the fund’s early months – those heady days when we thought Anhui Conch Cement‘s (600585.SH) P/E ratio of 32 was about right. If […]
A shorter post today, because quite frankly we don’t want to have to think about our portfolio much right now. As of just before noon on Friday, the SCI has fallen back under 2,000 points – and given the Dow’s 679-point drop on Thursday, we don’t much think Chinese investors are going to be in […]
After missing the investment deal of the century last week – if we can slightly alter the definition of “century” to mean “September 2008” – we were a bit bitter, to be frank. Bitter enough, anyway, to be smugly dismissive of the SCI’s prospects for this week: “I’ll hazard a guess that Monday’s performance won’t be […]
This is what happens when Beijing decides to eliminate stamp duty: The selected stock is the infamous Anhui Conch Cement Company. The rest are as follows: 000001.SS – Shanghai Composite Index 000952.SZ – Hubei Guangji Pharmaceutical 601398.SZ – Industrial and Commercial Bank of China 600029.SS – China Southern Airlines I’ll hazard a guess that Monday’s […]
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