[sgbuffett]

Wah nice. See u r holding alot of XM and willing to wait for it’s eco system to bear fruits. Mind u it will take very very long time…

Xiaomi overtook Apple and Samsung in Europe.

On the basis of brand equity alone the value is very high. They can use it to sell "everything" ...I am not worried about stock price falling ...the main risk management I use is to diversify these stocks. In time and portfolio expansion


The volatility of China Tech stocks is very high. The ratio of yr high to yr low is more than 2. So a 30% drop is just noise....you use "cut loss" or mechanical stops its going to be a very bad idea.

The only time I sold was when BYD plunged to $170 because my exposure to that one stock was too large. It turned out on hindsight I should not have sold because the stock climbed to 270+ from where I sold.

The main mistake I made was having too big an exposure....outside what I planned  this compelled me to make a bad sell decision.

A few yrs from now a few of these stocks will be 500-1000% higher. But you cannot tell for sure which