There are no individuals in a place like China. Only the collective. This is why places like China need public blockchains: decentralised ways to keep records that are outside of the government’s control.
Companies like REA and Altium are not worth an unlimited price. And this is the hard part of investing: determining whether you’re buying a bargain or piling into an inflated multiple.
No one wants to lose money. But surprisingly, a LOT of investors see chasing returns as more important than protecting their capital.
It’s not that hard to see why most of the largest companies in the world are tech. These businesses generate billions in cash, they don’t cost too much to run and they’re reinvesting that cash to dominate existing and new industries. But what’s next?