An Immature Stock Market (aka Gamblers Heaven)
from January 15th, 2006During a recent sit-down with some of my Taiwanese friends, the discussion topic invariably shifted to stocks and stock markets. I am not Taiwanese, but I was curious as to how the Taiwanese investors and their stock exchange worked. It turned out to be a revelation of how a stock market can be affected by various inefficiences, cultural and political issues. Here are some of my findings from that night and from my past inquiries:
Like many Asian markets, the stock exchanges uses a numbering system rather than a alphabetical ticker system, comparable to the race-track where gamblers bet on horses by the numbers as well! What was more interesting was the fact that (more…)
