“Few seem to understand the historical significance of what is happening there. As the US was rising to its power and glory during the 19th Century, we had a horrible civil war, 15 depressions, few human rights, little rule of law, periodic massacres in the streets. Yet we still became the most successful country in the 20th Century. China will have plenty of setbacks along the way as does every country, company, family, and individual that rises."
"The Plenary Session in November decided to emphasize several sectors over the next decade or so. Those industries will be doing better no matter what happens in the world."