ala7575

China's Growth an Accounting 'Miracle'

China is not as good as itself reported; but it is by no means as bad as your estimate. Just look around at yourself, your home and your office. Check how competitiveness China has become.

Ford: Defying the Odds

Ford will outcompete Government Motor and Chrysler. Ford maybe can fight with Toyota or Honda for a while. But Ford will definitely lose its battle against BYD and Geely, guys from China. Munger and Buffett is betting that BYD will outbid Toyota. So shall we.

Reviewing Wells Fargo's 2009 Shareholder Meeting: No One Really Knows Anything

Good. Thanks.

Phil Fisher on Profit Margins

very good article. Just that, leverage shall always be taken into accounts. Citi had a very rich owner's margin in before 07 and down about 75% now.

The Citi Plunge Continues

Jase, let's make the bet.

Starbucks: Understanding the Business Model

I am a Chinese, living in Shanghai. Starbux is everywhere in Shanghai now and always so busy. Just one thing: some stores are so small that I don't think it makes economic sense. Even in full capacity, only less than, say, 10-15 people can be served. How can they afford the overhead in that kind of stores?

George Soros and Stanley Druckenmiller on Outstanding Long-Term Returns

excellent! thanks.

The Case for Berkshire, c/o GEICO

Agree what 165905 said.

When Will China Overtake the U.S. Economically?

Good analysis. Just that exchange rate not considered. Now RMB is appreciating against USD at an annual pace of about 10% and, if Chinese government does not control it, RMB will rise much faster. So if China can grow 10% in the next 10 years while RMB appreciates at a speed of 10%, China might overtake US in 10 years.