If a hypothetical economy grew 500% over 20 years and became the world's second-largest economy with a public index, a rational investor would allocate capital to that index; China achieved 505% growth and became the world's second-largest economy, yet the Shanghai 300 index has lost one-third of its value over that period, demonstrating failure to capture growth in a communist economy.

normativepending

Speaker

Kyle Bass

Evidence Quote

500% over 20 years... world's second largest economy... Shanghai 300... 505%... lost a third of your money

Source

Global Macro Investing And Geoeconomics With Hedge Fund Investor Kyle Bass | Hoover InstitutionHoover Institution
Created: 8/11/2026, 7:32:16 AM

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