I've got to tell you.....just occasionally it is a privilege serving you lot. I waffled on earlier in the week about China Mobile, our upgraded forecasts, target price and recommendation all of which I explained was based on extensive and, to use the most casually bandied about expression in the broking world, proprietorial research. And this is the response I get......
Hello. I’ve read the report and find myself sitting here staring into space mulling over the logistics of collecting US$31bn in revenue from people who pay in monthly cash instalments of US$8. OK, OK, a lot is prepaid, but even so, that’s one hell of a lot of tiny cash transactions. I also wonder about people spending 20% of their household income so they can bellow “Ni Hao, I’m in the field!” at each other. One fears the novelty might wear off after a while.
Isn't that just a fantastic email. It had me chuckling away for the rest of the day.
Half term is upon us and the Hen returned to the clutch yesterday. I bring this up because I thought you would want to hear about the state of her lugs. Do you know, I think the row of sparkling bling on her right ear looks rather good actually. As Sophie ( my wife ) was out yesteray evening at some PTA thing, I took Hen and a girl friend of hers to a Chinese restaurant in Cambridge last night for some of her favourite Peking Duck and am still puzzling about what to think about the fact that the Madame in charge felt she had to ask me whether that was my daughter? I was rather proud sitting there with Hen and Beebs, but should I have been? What a sad world. And talking about piercing and puzzling over things the attached paragraph from a splendid colleague who writes even more eccentric emails than I do wrote this yesterday......it might have been directed at me except that my single largest PA position, British Energy, almost literally blew up this week so there is no chance of Hen turning into a Trustafarian - even if she was stroppy which, happily, she's not!! Yet...I'm not counting my chickens.
#TRUSTAFARIAN SPECIAL: It's always struck me that real mark of a succesful man is to have utterly useless children. The indisputable confirmation that's one "made it" in this world is not an oversized house, exotic motor or smart friends but a spoilt, pierced and stroppy daughter and a disgruntled idle wastral of a son. In an attempt to expedite this high status achievemnt below is a list of possible micro cap investments (that I've recently blagged in my daily missives) that if bought for the benefit of one's offspring - over the long term might just do well enough to turn them into proper Trustafarians!
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