Replies

As for how that post above about private equity relates...thats how China will most likely run their endowment.

They will devote pieces of it to various sectors (like oil), but they can do telecom or whatever.

Much, if not MOST of the FDI money that has been flowing into China for the last decade has been US and European private equity money.

Part of the reason we haven't pulled the plug yet is A) the investors have not been repaid yet, or B) its a cash cow for them.

You are talking about offending the very essence of money and those who have it.

A person might say "Wow $100 million bucks!" but when you are talking about endowments of $20 billion... $100 million is all relative. If you have 200 deals all $100m each and 50% of them do well I trust you will believe me when I say you come out on top.

Not to mention they will often check you and your plan out both (just a little bit /sarcasm) before giving you the money.

If you can convince people you know what you are doing its quite possible you will get rich.

I would see China creating not one endowment, but multiple ones that follow specific industries and seek to deploy the money in their feild.

I think they will go heavily into oil myself, offshore oil in various regions I mentioned above.

This concludes investing 101.

Any questions?