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What a horrible article most investors understand Chinese companies lie about their number all the time. The non Chinese example is WeWork which was completely
by tick_tock_tick 7y ago
What a horrible article most investors understand Chinese companies lie about their number all the time. The non Chinese example is WeWork which was completely rejected by the market and failed to go public?
- surfmike 7y agoAnd was rejected before the current crises.
- grey-area 7y agoThis downturn started last year.
- gandalfian 7y agoAnd Enron, Olympus, bt, WorldCom, Tesco, those people who bought dragon dictate and the African firm whose balance sheet was entirely supported by a large green gemstone. Just to name a few off the top of my head. Trying to work out a firm's true assets, liabilities and income is a genuine problem.
- thesz 7y agoBy referring to large green gemstone, do you refer to The Hot Rock novel main plot goal? If so, it is unbelievably appropriate.
- neximo64 7y agoWhat’s this gemstone company?
- gandalfian 7y agoTurns out it was red, but was an £8000 african stone but ended up in an english company as a 200,000 stone and then transferred to a bankrupt english construction firm as an 11 million pound asset! Ended in tears. Unclear what eventually happened to the stone. https://www.google.com/search?q=Gem+of+Tanzania https://www.google.com/search?q=Gem+of+Tanzania
- IAmEveryone 7y agoYes, the S&P500, that very Chinese index...