Luke

Never looked at them!

Life picture from China buyers at global stock exchanges the last few days:

Highly efficient markets from 150 USD to 90 USD to 135 USD in 1 month, PDD

A lot of the debt China owes is to themselves; they have SO much room to privatize their country if necessary to get even through the worst of the worst. On top, they are super self-sufficient with supply chains. This country won't go away any time soon, and it will take a few years until things normalize. Meanwhile, you get paid 10-15% a year to wait. LOL.

With all due respect, please look at the valuations. The stocks are trading at single-digit multiples, below commodity stocks in the US. They are growing WITHIN the highest macro stress since quite some time in the Chinese economy while buying back more stock than many US peers, expanding internationally, running very clean and lean companies with no "meta product marketing influencers," management not paying themselves ridiculous amounts of bonuses and buying their own stock...do you really think China will collapse and not be able to recover? On which stocks are you bullish in that case, and what do you own because you can't protect yourself from that scenario with most stocks? It just doesn't make sense to be constantly pessimistic while valuations are so depressed. Not even guys like Tepper can convince people to buy Chinese stocks because the hate is so huge. Who is not getting horny here with that amount of hate? Nobody wants to touch it, not retail investors, not your mom and dad (they buy Nvidia or Intel, lol), not most hedge funds, not value investors, not deep-value investors...insane!

Tepper is willing to go 25% into China on Pullback, folks! Maybe i get greedy tomorrow and open up my 3x KWEB position again xD

yeah, i have read the write up on this one but i am not sure how much chinese will start to dislike us-food-franchises with the increasing nationalism. its what put me off here.

I am betting on my three favourite horses, tencent/prx, pdd and hang lung group. I think if you like china retail you should skip everything and go straight to PDD. I dont want to own the real shitters like toy producer or other commodities, while they are cheap i dont think they are compounders for the longterm. If you like tech there is quite some but its very hard to understand, keep up to date and predict so the road for me leads only to tencent. If you like luxury then you will like hang lung. Please let me know if you have other good ideas, as always.

Gotta respect Tepper!

Best assets in China with Hang Lung Group IMO

https://www.marketwatch.com/story/david-tepper-is-buying-everything-in-china-etfsfutureseverything-9ef11ac6 David Tepper is buying ‘everything’ in China: ‘ETFs…futures…everything’

Yeah, always important to really protect the unexpected shitter drawdowns that might kill you if you borrow.

Go, China stocks!!

Just imagine how fast the geopolitical tables can change! A LOT can happen in 5 years, and China still is super duper cheap.

But also, I am young, so I can afford to be concentrated in things like China. It's a totally different game if you are 45 and have a family or 60 and are close to retiring. My account is worth above 100k, though, so it's not meaningless either.

Own small stuff like Fairfax india, Oxy tracker, TSMC Honor shares never sell at Avg. Price  129.87 HUGE omission costs! (sold around 90 USD because i pref. china...and then bought back some tracker shares this february to have it in my acc...)

Cost average: I have converted from my previous broker to IB 1.5 years ago so i dont have the precise average i have for FFH because i had to sell and buy back but it should be around 900-1000 CAD. Here copied from my IB: Prosus precise average: Avg. Price  28.790 PDD: Avg. Price  115.24 Hang lung: Avg. Price  8.64 HKD AMR: Avg. Price  225.05 USD WOSG: Avg. Price  400.78 GBP FFH: Avg. Price  1090.45 (after transition to IB, is lower than this)

We will see what happens!

Cause i think they are that cheap that they will beat the interest i will pay on them of course

And another result also emerges of this discussion: No matter how much you talk about this with someone from group one, they will never change their mind because its not about doing real sensible things but its about lofty things, "being right", "doing good", "being virtuous". So there is really no point in changing their mind because they psychologically need to believe and act out story one, one is eventually wasting ones time and one can only agree to disagree.

It's simple: One side is morally bloated and blind on one eye. They want to seek "justice" and fight "evil," and that justifies why the EU/US, etc, should send trillions of dollars, incl. their men, to fight against evil Russia because apparently they want to take over the whole of Europe, leaving out any history and origin of the discussion. They are for way more weapon delivery and ultimately a total war against Russia until they crumble and the government is taken over and replaced with a pro-western leader. The other side sees that there is an origin of this conflict, that we have a responsibility to resolve the initial conflict diplomatically, and that we have to stop sending more and more weapons. They see that we have to include Russia and Putin in the discussion, take them seriously, reinitiate communications and mutual respect and work towards an acceptable deal for both sides wich includes new elections in Ukraine, no nato joining etc, autonomous regions in the east etc. This would be best for humanity, would stop the dying, would lead to peace in europe and slowly ukraine can rebuild itself and emerge neutral, autonomous and safe. Then the first group says "but putin etc" we cant let him win" "he is evil" so the weapons continue and the war continues and the escalation continues towards a potential nuclear disaster all for really, nothing but lofty moral statements, meanwhile hundred thousand men dead. So the outcome by group one is a total war with then 5m men dead, and a totally destroyed ukraine. And the second outcome of group two is immediate stopping of dying, peace developments, ukraine not bombed anymore, emerging prosperity etc. You tell me whats smarter.

And that's why I would never vote for you because eventually, you would send young western european guys to a war that they have nothing to do with. Do real sensible politics and not a virtue show biz that eventually leads to a full escalation, including NATO. That's what you want, right? Because its "good" vs "evil", right? RIGHT? Look at the NATO budget, look at NATO's technological advancement, look at our manpower. You are delusional if you believe Putin plans to conquer Nato countries or go further into Europe. Good, because you are providing 0 value to the discussion with your statements.

What is the realistic alternative? The war has its origins, and the West/Ukraine went too far. It doesn't mean Russia can simply do this, but they are doing it, and you have to acknowledge reality. I am simply pointing out an acceptable way out that was already there two years ago, and now there are hundreds of thousands of dead men, and you want to continue throwing weapons at this? What does the US have to do with any of this? One reason for this war is that the US is encroaching on every country globally, trying to grab influence and build military bases everywhere, including Ukraine. That is not the story at all, sorry.

From an investment perspective: I think the board can change fast, elections in the US could turn in favor for trump, EU elections and german elections could bring a conservative government that seeks diplomatic resolution. By 2026 russian direct trade could be open again, maybe even the stock market too. Not saying the probability is that high BUT its also not as unlikely IMO.