Prudence urged amid stock market enthusiasm
The early spring chill over the weekend did not dispel the hundreds of individual investors standing along downtown Shanghai's Guangdong Road, a gathering place for three decades for stockholders eager to discuss the performance of A shares and seek out tips to better their portfolios.
The spot began winning fame among shareholders as an informal place to share thoughts on the securities market in the early 1990s. Most are individual investors aged above 50. They form small groups each afternoon on trading days, and the throngs grow even bigger on weekends when investors have had a chance to digest the trading week's developments.
Regular visitors to the spot say they hope to follow in the footsteps of investors like former taxi driver turned tycoon Liu Yiqian, who built his wealth on what he learned talking stocks with fellow investors on Guangdong Road.
