How did Wall Street lose money in China? By buying high and selling low, we are the dumb money. скачать в хорошем качестве

How did Wall Street lose money in China? By buying high and selling low, we are the dumb money.

Wall Street speculators and hedge funds lost billions of dollars in Chinese stocks. Over 75% of them completely closed out their positions, just weeks before the China government and pension funds started aggressively buying and driving up share prices. Why did they time everything so badly? How is it even possible to lose money in the fastest-growing economy in the last hundred years? Wall Street fund managers and operators are no longer patient, long-term investors. They are more frequently vulture investors and speculators, deploying capital that has been borrowed on margin. China economic policy is hostile to speculators and short-term traders, and particularly unwelcome to those using borrowed money to do so.