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Arnott on Bubbles and Valuation Gaps

What Goes Up

00:00

Is China Going to Continue Down a Maoist Path?

value doubles relative to growth. That also means that value on a stand alone basis beats the market by another 40%. So now instead of doubling, now you're up a hundred 80 % over the next ten years. The tech innovation seems concentrated in these two markets. Stand clear. I'm happy to invest in something that's got high odds of double digit returns.

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