[ulber]

>His thesis is that the US is a world power on the decline and China will soon rise to take its place.

Something I've found interesting about these kinds of theses (although I'm sure there's more to his) is that just believing that a company/country/whatever is going to be successful doesn't make it a good investment. It's all about the pricing of the asset and ultimately, for assets priced by a market mechanism, about what other people think. So a thesis for investing more in China could be "US is in decline and China will take its place faster/more fully than the market thinks."

Of course even if you don't have any special knowledge about China's future, the default position should still be to invest a part of your portfolio according to it's market weight, which in the FTSE All-World Index [1] is 3.9% currently.

[1]: https://research.ftserussell.com/Analytics/Factsheets/Home/D...

[gizmondo]

I don't think this criticism applies here. The thesis is clearly contrarian, as the market prices US assets lavishly and Chinese dirt cheap. The reader can be assumed to know that.