China circa 1100… This was a time when commerce was booming, life was grand and the Chinese economy was expanding rapidly. I don’t know the figures but by all historical accounts real GDP was going through the roof. Alternating crops on the land, irrigating and fertilising with manure – in
Investing is as much about finding opportunities, profitable companies, and sound management as it is in avoiding fraudsters, ill-thought business ventures, or any of the other risks that rip investors’ faces off. Incidentally, Frank Partnoy’s books all detail flags that investors should be wary of. They’re also a fun read.