I did not sell yet, holding it for an year at least or until economy crashes. This MCHI was 45% appreciation and it has core Chinese stocks. ETFs are normally long hold as they are managed by providers.
I donāt think that is a valid study. For any country to average in the 60ās, and there are many of them, they would have to be sub-human. The study is probably based on education rather than intelligence.
I donāt believe in IQ to be honest. You can actually study for it and there are test taking techniques you can learn. So itās not really a measurement of ones innate intelligence.
Some people are showing the same graph about East Asians and Causasians. Just substitute āChinaā with āAsianā and āUSAā with āCaucasianā and hence you can see their argument in favoring the white race, even though research shows that East Asians have higher average IQ than white.
I think there might be some truth to thatā¦ although Iām skeptical at this point until more data is given.
You just have to organize the world accordingly.
Leaders - Caucasians
Middle Management & Professionals - Asians
Customer Services - Caucasians
AFAIK, IQ is not a measure of intelligence If you insist it is, then the definition of intelligence is incorrect. IQ seems to gauge technical competency and totally ignore political wisdom The ability to organize and persuade people to your POVs are not measured.
Thatās the only way to get rich in that environment, either you belong to the class going to meet the firing squad, or you are the one with a relative in the politburo.