China’s Patient Investors
Chinese markets, like emerging markets everywhere, are volatile, and investors there are usually focused on short-term profits. And yet a long-term approach is not only possible; done properly, it can be fabulously lucrative.
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BEIJING – A common sentiment among investors in China is that the best way to make money is to trade frequently, lest you end up holding the short straw. But, in my experience, buying and holding great businesses is the only way to achieve excellent returns.