Evergrande’s equity is worth 85pc less than it was at the start of the year

There is a reason that shares offer better returns in the long run than bonds.

And while I cannot claim to have any unique insight into the Chinese property market, gas prices or the breakdown of global supply chains, I can see some important defensive lessons for investors in all three of these stories.

 When something looks too good to be true it usually is.

The importance of thinking carefully through what could go wrong rather than focusing exclusively on what you hope could go right. 

 The breakdown of supply chains

Tom Stevenson Telegraph 23 September 2021

https://www.telegraph.co.uk/business/2021/09/23/investment-lessons-learn-china-energy-crises/