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  1. denton…they all, for the most part, own H shares in Hong Kong, not shares in Shanghai & Schenzhen. HK is down less. Caf is a better proxy for Shanghai/Schenzhen so it behaves differently. Also, CAF can go to a premium/discount to its NAV which the others will not. CAF still owns very few A shares directly though.

  2. black appliances- wait. Are you referring to the matte black cast iron stove and cookware? Omigod- so you think shrilly uses stainless steel pots and pans? No, no,no,no…I can’t believe that. He would NEVER use cookware that isn’t historically correct. (And he’d better not have a coffeemaker either).

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