An interesting ancillary article from a reader was forwarded to us this weekend. Although we don't make investment decisions based upon outside firms opinions, research or news letters, it is interesting none the less to see what others are thinking regarding our investments.
There are many positive informational points and analysis throughout this article. One in particular is this tidbit here:
There are many positive informational points and analysis throughout this article. One in particular is this tidbit here:
“Chinese laws require that homebuyers put up a 20% to 30% down payment, but a whopping 83% of all homes in China were purchase with all cash. That may sound impossible, but not in a country that has a 20%-plus savings rate."
That in our books is what Margin of Safety investors like to read about and what helps provide a cushion is a cautious market. As a Chinese investor might say, it's like backing a real "Black Horse" (Beating Expectations) Have a good weekend.
No comments:
Post a Comment