Reading Time: 2 minutes WuXi Pharma Tech (NYSE:WX) continued to slide, during my absence. One (main) concern is heavy insider selling (source: seekingalpha) lately, after the secondary offering was suspended on May 4. I double checked the F1 filings for secondary offering (principal and selling shareholders), and found its CEO Dr. Ge Li was going to sell 8 million

Reading Time: < 1 minute Bread and gas Panera officially raised the price of Asiago cheese bagel, from 97 cents to $1.25, which is expected as I read it from news couple weeks ago. The regular unleaded gas is $3.999 in STL. Cheaper than Salt Lake city, but more expensive than Jackson, WY. Some random thoughts about the trip Chevlet

Reading Time: < 1 minute Finanlly I got the free Wifi here at Jackson, WY, the foot hill town of Grand Teton National Park. The Anvil hotel has free Internet, which is better than the fees starting from $9.95 at Hilton at SLC. Back in STL, I noticed Chinese politicians, led by vice Premier Wang Qi Shan (note he is

Reading Time: < 1 minute Interesting news: Buffett is put up a one miilion dollar bet for any hedge fund beat S&P in next 10 years. The proceeds (if Warren wins) will go to his charity. I am going to take a week of vacation from tomorrow, and I may not update this blog during this period. Meanwhile, I am

Reading Time: < 1 minute It was not too long ago (April 18 to be exact) Shanghai Composite Index hit a low of this year. Shortly after that Chinese goverment issued new policies trying to stablize the market. Well, it looks like we need the goverment do something about the market again: on June 10 the Shanghai composite dropped 257

Reading Time: < 1 minute Dan Bin (但斌, blog) is the founder, CEO of Shenzhen based Eastern Bay Asset Management Co. He admires Buffett and is value minded, although I don’t agree with everything he says “such as buy China Ping’an blindly” (remembers me of Cramer). He was on Shanghai First CaiJing TV interview recently. The interview is in Chinese

Reading Time: 2 minutes I planned to write more about China telecom re-org (revamp, reform) after the recent announcement. Now the CFA test is over, I have more time to think about this. A few days ago I read this interesting Chinese article which describes some foreign investment banks actions after the re-org news (Appendix). Let me try to

Reading Time: 3 minutes (Update June 8 ) Read couple interesting blogs on yesteday CFA exam. This one from Singapore, and another one from China (in Chinese). (Original June 7) After came back from the Hilton hotel testing center, I went directly to Schnucks store, to get the Stella Artois beer, and 3 oranges. Why 3 oranges, because I

Reading Time: < 1 minute CFA level I exam It’s here. I have already sharpened the H2B pencils; prepared the backup battery for calculator. I will check out the test place today. Tomorrow I am going to spend the whole day for the test. NBA final and European championship soccer I don’t care too much about the NBA final these

Reading Time: 2 minutes Yesterday was a special day in modern China’s history. This is a time the leaders don’t want to talk about, and generation Y (young people born after 1980s) don’t know much about. I was a high school senior at the time, and we worried we would get into a sort of cultural revolution considering chaotic