BULLS FEAR NO CROC
BULLS FEAR NO CROC
Bull markets demand that investors climb a wall of fear, so the old western adage goes. In the east we have rather more exciting metaphors such as the old Yuen Long investing mantra: 'When the crocodile cries, fill ya rice basket.'
Well maybe not, but the Cantonese slang for big foreign speculators like George Soros is 'big croc' and yesterday's banner headlines of the great reptile hunt in the fetid ponds of the northwest New Territories had market geomancers on the look out.
On Metro Radio's morning show, one optimistic analyst commented: 'So long as the 'big croc' doesn't get killed and is creeping its way from Yuen Long to Central, the recent bull market run could be sustained.'
Good to see Hong Kong people haven't gone soft in the middle and still have their priorities right.
TUITION FOR YOUNG TYCOONS
As Hong Kong's boom-era tycoons rapidly age, the question of succession planning gets ever more pressing. The history of second generation prodigals throwing away the family fortune is a long and ignoble one.
Fortunately, help is at hand courtesy of the 'Junior MBA Course' from Carbon International. For just $960 you can put your 10- to 15-year-old through a gruelling eight-module programme including law management, negotiation and purchasing.
Alternatively you could just leave them to the animal spirits of the playground, which, in Lai See's experience, is the best battleground training would-be tycoons could hope for.
