No one should under-estimate the wealth of anyone in HK. Yesterday the headlines of most newspapers are about an unknown 76-year-old-woman (which looks more like a woman in her late 50s or early 60s) suing UBS for misleading her to buy a series of accumulator contracts which led to a loss of over HKD 200 million. The old woman claims she only has a primary three education and does not read or understand English.
I am not surprised that there are lawsuits like this suing investment banks for advising uneducated or illiterate people to buy accumulator products that made them some money at the beginning and lost a big fortune at the end. But what is the most intriguing is how she amassed such a big fortune… HK is really a place where you can make a lot of money…
