First China Pharmaceutical Group Inc (fka FCPG)

[bar1080]

Thanks, you obviously know the soaring blue chips I own and the junk I don't own, including FCPG. One of the great Pennyland myths is that investors should allocate a portion to long shots or highly speculative stocks. You don't often hear that from the most successful investors.

Buffett is the greatest investor who ever lived... by far. Worth about $68 billion. Everything he buys is quality, and always audited quality. Buffett HAS bought into troubled firms, as he did with Bank of America some years ago. But he was uniquely protected from loss in that transaction. A special class of BAC preferred stock was created just for him.

Perhaps FCPG will do a REAL audit, release it and it will be fabulous. But we know how often Chinese pennies do that. About never.

later...