Tiger Woman on Wall Street: Winning Business Strategies from Shanghai to New York and Back
Anyone considering doing business with China or investing in Chinese companies may find Li’s book to have relevant insight into the business culture of China. A successful equity analyst and founder of an equity research firm, the self-proclaimed “tiger woman of Wall Street” has the unique perspective of having been raised in China and college educated in the U.S., and she shares her experience and observations of Chinese culture’s impact on its business environment and her opinions on the economic stability of China. A mixture of autobiography and economics, the book is a warning to those considering investing in China to look past the growth potential and do the investigative research required to make an informed decision. It illustrates China’s weak corporate governance and questionable business ethics through examples of fraud by Chinese companies including Longtop and Sino-Forest. Li advises against a top-down approach to stock selection in China because of the inaccuracy of reported data and alerts investors to China-specific risks. She believes the Chinese growth model has stalled, and an eventual economic crash is inevitable. --Cindy Kryszak