Value Investing great Li Lu’s insightful 2019 lecture at Peking University.
(In Chinese with subtitles).
Founder and chairman of Himalaya Capital Management
Early investor in BYD
📊💡#ValueInvesting#LiLu#PekingUniversity"
Watch now: [https://t.co/dJHAZKmhb4]
Krishnamurthy Subramanian on TDLR Podcast.
Says Indian GDP to Surpass U.S. In 25 Years
3.5% average yearly devaluation of the Rupee vis a vis the Dollar.
🎙️#Economics#KrishnamurthySubramanian#DavidLin"
https://t.co/a0Yfssl2VW
✨Witness the transformative journey of a couple's dream to create a sustainable farm, turning barren land into a thriving, biodiverse haven. #TheBiggestLittleFarm#Documentary#Sustainability"
https://t.co/B6OTozwZ46
Here's a brief history on the global foreign exchange reserves ("forex").
Americans will be surprised to know that 105 years ago, US dollar's share of forex was... ZERO! Nada! Zilch!
This is also a lesson for Europe, which destroyed itself in wars and let the USA become their master.
Until 1918, the #USDollar was nobody. What happened in 1918? Oh, yeah, the end of WW1 after which Europe lay in ruins. Thus, the USD began to rise in prominence.
But the British Pound was still the King.
Then the US stock market crashed in 1929 and the Great Depression began.
Thus, the USD's share in global currency reserves began to decline.
But it reversed remarkably in 1944. Why?
Having learned nothing from WW1, Europeans destroyed themselves once again in WW2. 🙄
Taking advantage of this, the US proposed King Dollar in 1944 at the Bretton Woods Conference.
Meekly, Europe agreed to this submission.
But it took another decade for the dollar to surpass the British Sterling and become the King Dollar.
But nothing lasts forever.
🔹The US is shooting itself in the foot by weaponizing the dollar. Sanctions against Russia and stealing its forex was a fatal mistake.
🔹China has been the world's largest trading nation for many years now. Yuan/RMB will be rising fast -- has already surpassed the Euro in trade invoicing.
🔹and the entire world is embracing #dedollarization
Know the history, stick to facts, and follow the trend.
(Top Global Reserve Currencies 1900-1954)