Hoppy wrote on Oct 11^th, 2015 at 2:44am:

Anyone can produce and sell a food supplement with no testing, no proofs at all. Just look at all the scams we see daily.

Being treated as medicines they are at least subject to a cursory review to ensure to do a little good for people and don't actually kill.

The good news is that it might be cutting back on their need for rhinoceros horns and endangered tigers penis.

May our exports burgeon forth, for all the right reasons.

Hey Hoppy,

Have you compared Biovea's price for D3 @ 10,000 iu with Iherb.com ?

Peter.

I wasn't sure if you were wondering about Australian regulation or Chinese regulation.

Having done a lot of regulated business in both countries as a foreigner, I can say that you can trust the regulators in Australia a whole lot more than you can trust the regulators in China.  In China, the regulations are rarely written down, and you can be informed about significant changes in regulations at any moment in time, again, not even written down.

In Australia, you can build a business under the assumption that your business model will remain understood and predictable, with regulatory changes going through a pretty good democratic process.  I was willing to invest a lot of capital in Australia.

In China, there is no predictability about your business model.  It could be smashed by arbitrary verbal regulations at any time.  As a result, I only invested capital I could afford to lose in China.

I would bet that, in China, supplements could suddenly become regulated medicines at any time with no notice and nothing written.

And have fun trying to repatriate the money out of China (although it is possible.)

Love to hear stories like that.

But now, what's your exit strategy?  My dad always told me that "Bulls make money and bears make money, but pigs get slaughtered."

I try to pull out the principal I put in, plus maybe lock in some gain and then gamble further with the market's money.

It has always been my gambling policy to look at how much I can afford to lose and that's my stake. If I lose it, it's gone, and that's my fun for today.

When I'm winning, however, my stake goes back in the pocket and I then have the most outrageous time betting with the bookies' money. Quite often I come out well ahead, but even if I lose the lot it means I've had a bundle of fun and it hasn't cost me a cent.

It's the Melbourne Cup in just a few weeks, the race that stops our nation, and I've never picked the winner once. Not ever.

Here endeth the lesson.

Peter510 wrote on Oct 13^th, 2015 at 7:40am:


All wishful thinking as the All Blacks will retain it this year.

Just hoping that there isn't a repeat of 2007 in Cardiff...

Hi Mark,
I've taken your advice owing to a slight correction when I would normally sell! To keep my bank manager off his worry horse for a little while, lol. So, I'm selling 500 shares to recoup my principal + 500 for profit and leaving the rest sit for a while, fingers x I'm doing the right thing.

Hoppy

Brian, I know what a monkey is, but what's a lazy lobster?

AussieBrian wrote on Oct 13^th, 2015 at 10:32pm:


Hmm...

Which side of the ditch is the Bledisloe on?

Mark wrote, In other words, don't blame me if you become unhappy with the new strategy. I wouldn't do that 

Brian wrote, It's a spare twenny. I thought it might be that 

Cheers 

Congrats!