2min chapter

The Compound and Friends cover image

Saint Patrick's Day Show

The Compound and Friends

CHAPTER

Listed China Stocks, You Don't Know What It Means?

Michael Wolraich: Chinese stocks had a huge rebound. He says it's surprising how quickly that was a russia thing. When you i, when you buy ali baba on the exchange here, you're actually buying a, a cama camein piece of paper, right? They're buying byngt paper here that has a contract with a company in china saying that they'll basely hold on to the chinese ownership for you,. But there's no actually direct tie to the actual cash flows. The second the west decided to shut down althe russian assets, allof ha sudden it was, i holy ship. These things actually could go bust.

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