China’s enormous overseas spending has helped it displace the United States and Europe as the leading financial power in large parts of the developing world. Here’s where China has the most influence, based on its share of foreign investment since 2005.
China’s Share Of Foreign Investment
Click the image to see the whole exhibit.
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More