Ann: Hong Kong Dual Listing, page-264

  1. 3,890 Posts.
    Shadow - I'm sorry that's a lazy argument. Someone with more money than me bought shares so my investment is safe? Sorry - no, that's not how it works.

    If you can't make an informed assessment of a company's future returns by profiling it's cadhflows and profits you are not investing. You are speculating. And frankly speculative money can probably find companies with better payoff profile.
 
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