China stock's hit 3 year low!
By Bloomberg News
Nov. 27 (Bloomberg) --
China’s stocks fell, with the benchmark
index closing below 2,000 for the first time since 2009, as the value of
shares traded slumped to the lowest in
four years. Material and health-care companies led losses.
The
Shanghai Composite Index dropped 1.3 percent to
1,991.17 at the 3 p.m. local-time close, its lowest level
since
Jan. 23, 2009. Shares worth 33.1 billion yuan ($5.3
billion)
PS If you are a
commodity you don't make money. You can sell but you are always racing to lower
prices. With lower prices it's difficult to make money. Solutions:
1.Kill de
competition/Monopoly. Be nº1 in something (Visa, Master card,
etc...)
2.hire a good
marketing guy that builds a good brand. The marketing guy is the top person in a
company (Nestele, Daimmler, etc...)
3.Build a product
that no one has. I don't believe in this you can build a solid product (this is
not a durable solution and it's difficult to do)
4.Keep cutting costs
to survive, race to the bottom. Most people are doing this in order to
survive.
5.Be small, organic,
local, of service, in short with a top service.
Leaving for Rio
& São paulo, still 71 kg & 9% fat. Hope to be able to get to Rebook Gym
in São paulo if it's not too expensive!!
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