Scrap metal traders are finding out that a deal’s a deal in China – until it’s not. The question is, over the long term, will the Chinese adopt our practices or will we adopt theirs? I hope for the former. It’s such a shame when someone is willing to sell their good name for a few dollars, and the small immediate payback will be greatly outweighed by transaction friction for years to come.
Monday, November 24, 2008
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