this post was submitted on 27 Dec 2023
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Company is beholden to the Chinese government, apparently that is worse than beholden to a manchid and a group of ultrarich shareholders.
Rather ironically, BYD is probably closer to the "value investing" (realistic) value than most hyper-inflated western stocks, which completely decoupled from reality a long time ago...
Regardless of value sentiment, I'd never consider investing in a Chinese stock. Too much risk that the CCP makes some big overnight change that torpedoes the price.
Is there history of this happening?