| |  | | Andrew Carpenter | Got an email from an old friend today who just returned from a trip to China. It was a trip on which a group of investors had face-to-face sessions with some Chinese companies I arranged for them to meet. Also on the trip was a guru from a newer publication that pretends it competes with my Asia Business & Investing newsletter. The email I received today was a bit breathless. In it my old friend told me that the competing guru liked one of my companies so much the he’d recommended it to his readers. And, that in less than two weeks it had gone up 138%. Of course, he was recommending that they take profits. That brought a smile to my face… and it put a knot in my stomach. I was happy his people did so well… though AB&I readers have made more than 500% on the company because they met with it in Beijing back in 2004. Oh yeah, and they suffered with it too as it moved from the OTCBB, to the AMEX to the NYSE… a journey in which it was down more than 60% at one point. As for the knot in my stomach? Well, a good friend of mine runs these tours to China and another good friend from Beijing leads them. So I did them a favor by lining up a couple of my best contacts. But, you know what? I gave away the farm this time. Now, a guy who had nothing to do in China five years ago when I was going there – and whose newsletter is new to the market – can brag to his readers about what a genius he is. Not only that, he can use this gain in his marketing as “real” as opposed to the pretend stuff he uses now. The problem with China is that it used to be just a small fraternity of us who went there and we treated each with a nobles oblige shared by all forerunners. It makes me sad that I have to now change my game plan – be more cautious. You see, the guy who made the big 138% claim today – built it on my solid relationships in China – charges about $2,000 a year for his newsletter. That’s 20 times the price of mine – millions of times more if you consider the time I have invested in China. But, you already know that this is the way of life. One day, “old school values” are merely yesterday’s values... clinging to them means you’ll get left behind… or worse. You end up feeling as I do today – like a sanctimonious old fud. Game on! Lock and load. Andy Carpenter P.S. To let me know what you thought of today's article, send an e-mail to: feedback@investorsdailyedge.com. INTERNAL ENDORSEMENT Winners Cherry Pick!
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