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Everybody would be unsatisfied with what he did before. When one new financial inovation comes to the market, I guess there is no guarantee we have the auditing tech in place.
Apr 18 13:59 pm
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All Comments by longshort »Considerations on Investing in China [View article]
Just like the new medicine, FDA approval is a dilemma. Shall we use this medicine? For this, we must wait. Just like the patent dilemma, shall we wait years to get through approval procedure. this is not necessary.
My opinion is that we should not wait years to use those financial tech or inovations until every enforcement is in place. Otherwise, we can't get an efficient market, which costs more. So when there is situations, what would be the remedy? I think I havn't seen any in China.
BTW, people don't have to be perfect to criticize. If the prequalification for criticizing others is that you should be perfect. I think only GOD could do so.