But the A-share market only knows how to harvest retail investors
Stocks are the true cornerstone of American household wealth—is it wisdom or a colossal mistake?
Stocks are the true cornerstone of American household wealth. "A successful investor depends 85% on correct asset allocation, 10% on stock selection, and the remaining 5%... well, leave it to God." — William Sharpe (Nobel Prize in Economics). Recently, I saw a set of the latest comparative data on household asset allocation between China and the US. As a Chinese, I feel the gap is so large that it leaves me speechless...
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