Value investing

Would you please be kind enough to help me correct the errors of the essay? Thanks a lot.

In the US, if you do the shopping at a store, you can take the goods back to the store and demanded a refund without any condition. Therefore, some people (a small part of Taiwanese and more large part of mainland Chinese) are going to attend an important banquet in a couple of days, they will buy a suit of designer clothes in advance. After they came for the feast with the suit, they would take it back to the store and got their money back in full.

Stores in the US also offer a benefit: if you purchase an item which is higher than the most recent price reduction, you can ask for a partial refund to make up the price difference. Thereupon, some unworthy guys would take the opportunity to buy commodities in normal days when the stores have a full range of specifications and sizes and don’t offer discount sale. Waiting the seasons for sales, they would take their receipt to the store to refund the difference.

These people are immensely pleased themselves with their own disgraceful tricks and still tell everyone about their cleverness. Even more, they wonder why many others are so “stupid” that they don’t know how to exploit the loopholes in the regulations. Those people consider it “clever” to take advantage of other people in a devious way, refer to sneakiness as “being a great capacity,” regard sowing dissension among the ethnic groups as “reconciliation and coexistence.” It is really value in confusion.

Speaking of “the goddess of credit card arbitrageurs” makes me (the author) think of Warren Edward Buffett, an American business magnate, investor and philanthropist, who is noted for his adherence to value investing. Many local Taiwanese stock investors concerned about Buffett’s criteria of stock selection strategy, but more often than not they ignored the core value which he repeatedly stressed: honesty, trust, and credit. He places great emphasis on personal integrity of a corporation’s CEO and never deals with crooked, unchaste, immodest companies.

The examples above give us a lesson. If you know how to exploit loopholes in the law to get ill-gotten gains nowadays, you will modify the laws to make your illegal profits lawful when you come to power in the future. Over the years, we have seen too many examples like this.