Li Ka-shing
In response to Mme. Langlet:
The essential qualities of a good businessman are a strong motivation to serve others, the ability to use reason to make important decisions, and the means/ability to carry out what is necessary to further the goals of the business and best serve its customers: the people.
The principles we s......hould build our success upon are honesty, innovation, and education.
I can testify that I have been helped along by many -- to reach great heights, we must stand on the shoulders of giants who came before us.
Business today is dynamic, benevolent, and increasingly woven into the fabric of our society, especially as government becomes less influential on society over time.
Li Ka-shing
In response to Mr. Moenandir:
First of all, as China's economy develops more, it will be less dependent on foreign investment and more dependent on domestic demand. Consequently, Chinese asset prices will be less volatile than they are currently, and the renminbi will likewise be less variable.
In regard to your comment...... about foreign direct investment in China, you're right, FDI is small compared to foreigners' purchase of stock market equities. In the future, Chinese companies and banks will be more cash-rich, and will be able to fund their own projects without selling equity stakes to foreigners. Also, as credit becomes more available, Chinese companies will have all they need to expand. The real question is not whether China has enough FDI, but rather, does China have access to the credit/capital it needs? I believe the answer to that question is yes, and it will be an even more resounding 'yes' as time goes on. China has a wonderful, plentiful future to look forward to.
Li Ka-shing
Tommy, my view is that we need to wait for the debt markets to become healthier before equities (stocks) move higher. Right now is a fantastic time to buy low-risk assets and quality companies. The problem is that most people don't have a lot of cash with which to buy right now! Use this situation to your advantage.......
Personally, I'm trying to avoid risk and volatility right now. Soon, I'll return to making more investments, once some sanity returns to our global markets.
