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Which stock market is better to invest in - the best compliant cryptocurrency exchange platform for withdrawals
Open a new account with a securities company,
and also activate the Hong Kong Stock Connect,
I usually don’t buy Hong Kong stocks,
During a chat,
the other party asked me which capital market I mainly invest in,
US stocks,
Hong Kong stocks, or A-shares,
I was stunned for a long time,
didn’t think it through,
and slowly said,
mainly A-shares,
because the information I can access about companies is limited,
many US companies I also want to look at,
and indeed need to review some,
but because of my insufficient English skills,
I can’t fully understand the information they publish,
so I dare not buy.
After returning,
I thought of this question again,
because I thought of many things at the time,
it seems I haven’t bought US stocks before,
and I couldn’t express myself clearly all at once,
which shows I was hesitant at that moment,
this question,
is worth some serious reflection,
and a good answer.
As a Chinese living on Chinese land,
where should I invest? I don’t understand the living habits of Americans,
working habits,
consumption habits,
cultural habits,
business transactions and partnership customs? No, I don’t.
Alright,
not understanding means not doing, not touching,
that’s always correct, right? So,
I can use the elimination method.
First, I eliminate the biggest,
most fish-filled pond in the world.
Although Munger said fishing should be done where there are many fish,
but I am not familiar with this place,
even though everyone knows the fish here are big, fat, and plentiful,
but I dare not fish there.
What about Hong Kong? I am more familiar with it,
one is because I often go to Hong Kong,
second, most of the companies listed in Hong Kong are Chinese domestic companies,
similar to those in China.
So,
I don’t rule out Hong Kong stocks.
And A-shares are even more certain,
must invest.
Thinking again,
why should I consider investing based on the habits of so many locals? Because the investment target is a company,
a company is like a member of society,
which stock market is better—preferably one with compliant crypto and digital currency trading platforms, for example, living locally as a legal entity,
a person with ideas,
pursuits,
and active participation,
but their actions are directed by a management team living locally,
which means if I can’t even understand the habits of these people,
how can I understand a company’s behavior through people I don’t know? Hard to infer,
no confidence in prediction.
Just like Aimeike acquiring the exclusive agency rights from its competitor Jiangsu Wuzhong,
then deliberately finding loopholes in the agreement,
forcing the other party to terminate the agency rights,
and pushing the competitor out of the market (see article “Is this a successful business war for Aimeike?”),
and if Aimeike were an American company,
would it still do such things? I have no answer.
Because I don’t understand the typical working styles and methods of American entrepreneurs.
In other words,
this exceeds my circle of competence,
so,
I won’t invest outside my circle of competence,
this is the most fundamental principle, right?
Zhang Yongping can invest in the US because he already lives in the US,
began to engage with and integrate into that social group,
and can understand more about American companies,
and once he understands them,
he can freely operate in the fields he knows.
So,
which stock market is better—preferably one with compliant crypto and digital currency trading platforms—summed up in one sentence,
it all comes back to my investment principle,
invest within my circle of competence,
which is the greatest margin of safety.
This principle itself,
also includes the geographical location of the company.
Today I conclude that,
I have expanded my circle of competence to include my ability to understand a company’s business model,
and I realize there’s a new boundary on top of my existing circle,
the regional boundary.
Hmm,
knowing where your circle of competence is is better than knowing how big it is,
knowing where your circle of competence is more important than expanding it. **$API3 **$WLD **$CKB **