Chinese Stocks Look Cheap. But Bargain Hunters Risk Losing Big.

Thirty years ago this past week, Eaton Vance launched a U.S. mutual fund for investing in China. I remember the wholesaler’s sandwiches.

A mutual fund wholesaler, if you’re unfamiliar with the term, is someone who talks people into talking other people into buying mutual funds. Back then, I was a cold-calling stockbroker at a big firm. I had almost no clients, but the wholesalers didn’t know that, and I attended all of their pitches because they bought lunch.

Source: finance.yahoo.com