Chinese market veteran Chang Sun Qiang says there is no investment asset in the world that is immune to losses.
The managing partner for TPG China's comments came as he launched a book on the successes and failures of his storied career.
Before joining the alternative investments firm, Sun was a partner at Warburg Pincus Asia and served as its Asia Pacific chairman, leading investments into Gome Retail (0493), AsiaInfo Technologies (1675), Guangzhou R&F Properties (2777), Harbin Pharmaceutical and 58.Com among other firms.
He wanred investors to be wary of greed and fear, to prioritize caution to avoid losses, and accumulate gains slowly but surely.
Moreover, people should not believe any investment is destined to be profitable, he warned.
The veteran said it is important to diversify one's risks, saying investors should allocate funds to various products and regions.
He said professional investors should have sound knowledge of businesses as well as good marketing skills to promote their products, to succeed.
Sun is also the founder and honorary chairman of the China Venture Capital Association and the founder and executive vice chairman of the China Real Estate Developers and Investors' Association.
