Charlie thinks the Chinese stock market is cheaper than the US market
OK. Station 10.
Hello Warren. This is a question from China.
Voice from Audience:
(the sound in this part of the video is inaudible)
I am Jeff Chan, a pension fund manager from China, Shanghai. My question is quite simple.
What is the probability of duplicating your great investment track record in China’s stock market the next decades or two in terms of a (the sound in this part of the video is inaudible)? That’s all.
And I thank my friends from… Fund Management House for guiding me in writing this question.
Charlie, you’re the expert on China.
It’s like determining the order of precedency between a louse and a flea. Yeah.
I do think that the Chinese stock market is cheaper than the American market. And I do think
China has a bright future. And I also think that there’ll be growing pains, of course. And…
We have this opportunistic way of going through life. We don’t have any particular rules about which market we’re in or anything like that.
Well, Charlie’s delivered a headline anyway, now: “Munger Predicts China Market Will Outperform U.S.”
Looking for an offline, PDF copy of all shareholder questions carefully arranged into specific topics such as How to properly evaluate a company for potential investment, Intelligent Investing and Secrets to achieving Success and Happiness? Click on the image below to learn more.