Have you watched Skyscraper, the movie? My husband and I watched it last night. While the film is no Oscar-winning masterpiece, it marks an iconic power transition in the world that stock market investors should not ignore! Dwayne Johnson, The Rock, is in the movie, so are a rich Chinese billionaire, calm and logical Chinese police officers, sexy Chinese criminals with attitude, and of course, there is a larger than life skyscraper reaching for the sky in the streets of Hong Kong. And, let's not forget, Baidu, which is the search engine they use in the movie to "google" things! The movie is a familiar story being told by new kids in town. Have you noticed it?
On today's edition of Stock Card Weekly, we are discussing the lesson that Skyscraper, the movie, teaches us about the stock market!
As one article on Forbes.com reported, Skyscraper ended up with $65 million in North America. With a reported budget of $125 million that would generally be considered a failure. But, the movie scored $48 million in China and a total of $75 million overseas during its first weekend. According to Business Insider, when the movie opened in China, it ended up as the highest grossing movie during that week, globally. If Hollywood was and still is how the United States grabs the hearts and minds of the people all around the world, China is not too far. Even if stocks of the Chinese titans such as Baidu, Tencent, and even YY have had a lousy summer, and their prices are at the lowest levels you might have seen, the movie, Skyscraper reminds us that a new kid is in town. Don't get bogged down with the short-term ups and downs. Ask yourself, which direction is the world's money flowing toward?
If and when you are ready to bet on China, here is an arrangement of Stock Cards for your viewing:
Talking about new kids in town, we just launched our podcast show!
It's called Renegade Investors. We've already released three episodes. Renegade Investors is a show that rebels against the conventional wisdom of investing! My co-founder and our COO at Stock Card and I are the co-hosts of the show. Every week, we take a common and well-accepted investment wisdom, tear it apart and explore the alternative ways of thinking about investing. We also like to showcase other “renegade” investors who are going against the prevailing wisdom of investing in their unique way. A new episode will be available every week, and soon you can subscribe and listen to the podcast via the most common podcast platforms you usually listen to your podcasts. Until we get the approval from iTunes and other podcast platforms, you can listen to the first three episodes on our blog or find all three episode here below: