It's fortunate for us to have such an exciting beginning, since the investment populace does tend to direct money to the top-performing funds. While it would be unrealistic to expect stock appreciation to continue at this incredible rate, we think there will be above-average returns over the next 10 years. |
The companies we invest in typically were started by Hong Kong entrepreneurs moving back to mainland China and they often have a significant ownership position. Since transparency in China leaves something to be desired, we feel a little more comfortable when we see that management has its own skin in the game along with us. |