Why I Sold My Shares of JD.com
“Only when the tide goes out do you discover who has been swimming naked” – Warren Buffett. Buffett likely wasn’t the first person to ever say something like this (as with all vague quotes), but the meaning holds true nonetheless. What he is eloquently saying is, that, in financial markets, when shit hits the fan, you realize who has just been bullshitting this entire time. At this point in the cycle, those bullshitters reside in China. Last week, Luckin Coffee, one of the ho
JD.com will be a $250 Billion Company
JD.com operates a giant online business in China. Contrary to popular belief, it is the most “Amazon-like” of the Chinese retailers, even though Alibaba is the larger and more well-known name in America. JD released earnings this past week and crushed it on a bunch of metrics, which led to the stock shooting up over 10% on the news. Investors have grown sour on JD for a few reasons, including the rape charges against the CEO (which are serious but likely won’t affect the busi