Word: capitalisme
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I enjoyed your well-thought-out report "Welcome to the Wild East" ((ESSAY, April 11)). Since 1937, I have been doing business in the Far East and Southeast Asia. China was a relatively free country before World War II, until < the Japanese and then in 1949 the communists gained power...
The suggestion that there is somehow less risk in "real" investments than in "surreal" derivative products defies logic. The implication that there is some sort of "crisis" lurking in the wings is similarly bogus. You have only to look at recent history to see there is no market that has...
And it was nearly impossible for anorganization whose typical members were young,full-time students with a disdain for thetrappings of capitalism to become a fundraisingpowerhouse.
And it was nearly impossible for anorganization whose typical members were young,full-time students with a disdain for thetrappings of capitalism to become a fundraisingpowerhouse.
Which wouldn't much matter if the newcomers would sit patiently for 10 or 20 years. Over long periods, stocks will almost surely outperform safer investments. But I know these people. Some will rush for the door the minute they see the value of their portfolio fall. They sold last...