IDN Forums - Internationalized Domain Names  
Home | Advertise on idnforums | Premium Membership

Go Back   IDN Forums - Internationalized Domain Names > IDN Discussions > General Discussion

General Discussion Feel free to talk about anything and everything in this board.

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 26th October 2007, 04:40 PM
touchring's Avatar
Veteran
 
Join Date: Dec 2005
Posts: 7,547
iTrader: (29)
Rep Power: 1258
touchring is an unknown quantity at this point
Reuters - Berkshire's Buffett says China is too hot to buy

http://www.washingtonpost.com/wp-dyn...102400276.html

Berkshire's Buffett says China is too hot to buy

By Kirby Chien
Reuters
Wednesday, October 24, 2007; 5:32 AM

DALIAN, China (Reuters) - Berkshire Hathaway Inc's Warren Buffett said on Wednesday he is scouring the world for big businesses, but is doubtful about finding a good buy in China because the market is too hot.

Hong Kong-listed shares in mainland companies (.HSCE) have risen 89 percent so far this year, while the main Shanghai index (.SSEC) has surged more than two-fold in 2007 and has jumped five-fold since the start of last year.

Buffett, speaking to reporters at the opening of a factory owned by an Israeli company he controls, had been asked about Berkshire's investment in PetroChina Co Ltd (0857.HK) (PTR.N), the country's largest oil and gas producer.

Buffett said last week that Berkshire (BRKa.N) (BRKb.N) had sold its entire stake in PetroChina, netting a huge profit for the insurance and investment company.
Reply With Quote
  #2 (permalink)  
Old 26th October 2007, 04:57 PM
Rubber Duck's Avatar
Veteran
 
Join Date: Sep 2005
Location: Czech Republic (For those of you from USA = Chechnya)
Posts: 15,929
iTrader: (59)
Rep Power: 4508
Rubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura about
Re: Reuters - Berkshire's Buffett says China is too hot to buy

It might be that reducing the level of foreign investment might be seen as a core objective by the Chinese Government. They won't want to see exponential growth in an economy that is dominated by foreign investors.

If the Yuan floats and doubles against the dollar, selling Chinese stock might be a serious investment blunder. No doubt the Sage has made a few in his time.
__________________
All offers to sell are void.
Reply With Quote
  #3 (permalink)  
Old 26th October 2007, 05:04 PM
touchring's Avatar
Veteran
 
Join Date: Dec 2005
Posts: 7,547
iTrader: (29)
Rep Power: 1258
touchring is an unknown quantity at this point
Re: Reuters - Berkshire's Buffett says China is too hot to buy

I think buffet bought chinapetrol on the HK exchange.

I'll be monitoring this stock if the bubble does bursts. It will be a good investment at the right price.
Reply With Quote
  #4 (permalink)  
Old 3rd February 2008, 10:37 AM
touchring's Avatar
Veteran
 
Join Date: Dec 2005
Posts: 7,547
iTrader: (29)
Rep Power: 1258
touchring is an unknown quantity at this point
Re: Reuters - Berkshire's Buffett says China is too hot to buy

Wow, Warren buffet got it right this round.

The SSE index has fallen from 5800 points to 4300 points since that call! :o

http://finance.yahoo.com/q/bc?s=0000...=on&z=m&q=l&c=
Reply With Quote
  #5 (permalink)  
Old 3rd February 2008, 10:56 AM
Rubber Duck's Avatar
Veteran
 
Join Date: Sep 2005
Location: Czech Republic (For those of you from USA = Chechnya)
Posts: 15,929
iTrader: (59)
Rep Power: 4508
Rubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura about
Re: Reuters - Berkshire's Buffett says China is too hot to buy

Maybe but until you know where he has invested the money in the meantime you cannot really say. If he put it on Wall Street and you factor in Currency changes then he would not have been significantly better off and the risk of the downside is much greater. On the other hand he might be making a killing shorting the dollar.

Quote:
Originally Posted by touchring
Wow, Warren buffet got it right this round.

The SSE index has fallen from 5800 points to 4300 points since that call! :o

http://finance.yahoo.com/q/bc?s=0000...=on&z=m&q=l&c=
__________________
All offers to sell are void.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 02:58 AM.

Site Sponsors
Your ad here
buy t-shirt
מחיר הזהב

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.3.0
Copyright idnforums.com 2005

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54