Muddy Waters Research | 8,998 followers on LinkedIn. Due Diligence-Based Equity Research that Identifies Overseas Chinese Stocks Poised to Move 30% or More The Chinese have an old proverb,“浑水摸鱼” (muddy waters make it easy to catch fish). In other words, opacity creates opportunities to make money. This way of thinking has been part of Chinese culture for centuries, and it is institutionalized in the modern PRC.