Sino Agro Food Inc (fka SIAF)

[The Swede]

I would like to quote Adrian Day...

Adrian Day: We manage money in all areas, not just gold and resources. I try to find good quality companies, buy them when they're selling for less than their value and hold on to them for a long time. I tend to be a very patient holder so long as the company itself doesn't change course or make disastrous decisions. I'm much less concerned about the outside environment so long as the company is doing what it said it was doing and continuing to grow, or earn cash flow. We have some very, very long-term holdings. In fact I just sold HSBC Holdings Plc (HSBA:LSE), which was the first stock we bought in 1991. That is an extraordinarily long holding period.

I tend to buy companies that have good business plans, good management and good balance sheets, which I think can grow over time.

I agree. I like to quote Mark Mobius: "I think China is still flying." We buy very few Chinese companies. We are concerned about the books and local government interference with businesses. One we have bought recently is Sino Agro Foods Inc. (SIAF:OTCBB), a dairy company. It trades on the OTC and it's extraordinarily cheap.

Adrian Day, London born and a graduate of the London School of Economics, heads the eponymous money management firm Adrian Day's Asset Management (adriandayassetmanagement.com; 410-224-2037), where he manages discretionary accounts in both global and resource areas. His latest book is "Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks."