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The key to investment is to understand the risk/reward of the market.
For the last two years, the chinese stock market has been a low-risk and high return one, because it bounced back from a very depressed level. However, going forward, there will be much more risk and less returns.
Jim Rogers (the former parnter of George Soros) claimed that the chinese stock market is not a bubble yet. However, Buffet thought otherwise and suggested Korea market has bettern risk /return.
pepper_john