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Fringe Finance's avatar

So true. This also aligns with the CEO of the $1.7 trillion Norwegian Oil Fund (the world's largest sovereign wealth fund). In January 2025, he said, "The best thing to do is always to do the opposite of everybody else. What will that be today? Well, if you were to do the opposite of everybody else, it would be to sell the US tech stocks and buy China..."

https://ffus.substack.com/p/inside-norways-17-trillion-wealth

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Bob of the bald's avatar

I do not invest in communism in any manner, ever. Oh what people will do for a buck.

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Fringe Finance's avatar

Thank you for your comment. While many label China as a communist country, it’s worth exploring this classification further. If you compare the dictionary definition of communism—meaning that the government owns all businesses and production and no private property—with what’s happening in China today, you'll see that China is many things, but it doesn't fit the definition of a communist country. It has a vibrant private sector, with many companies being part of the Global Fortune 500 list and it has the second-highest number of billionaires in the world, just below the United States. Many legendary investors, like Jim Rogers and Michael Burry, are heavily invested in China. But to each their own.

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HAPPY CHAPPY's avatar

A correction is long overdue after 2 years of S&P out-performance. Expecting sideways at best for 2025 -2026.

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Kevin Beck's avatar

I agree; there's still more room underneath for those companies.

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Robert John Chaney's avatar

Ah ha...how the mighty do fall!

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