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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