Some have, some have not. His prediction about the top 2 companies being Chinese tech companies did not come true, mainly because the government started to try and restrain them so that they wouldn't have a monopoly over the market, but considering that Eric Li had predicted this in 2014, when all but one of the top 10 most valuable companies were American and no Chinese tech company had ever entered the top 10 before, he's already quite farsighted. In 2021, Alibaba was the 7th most valuable, while Tencent was the 5th most valued.
@@angeliquewu8318 Good points. I think Eric Li's insightful-ness is pretty much accurate. In fact, he was quite restrained because China is clearly doing better than what he had predicted. The mighty USA for the past few years have been desperately trying to sabotage China in the Belt and Road initiative, Huawei, Beijing Olympics, Xinjiang, Hong Kong, and Ukraine. Wars still make the USD stronger but I see this trend coming to an end soon once the USD's role as reserve currency ends. The infinite printing of USD pumped up the entire US stock market and inflated the valuations of the FAANG. And as you mentioned, China's complete re-interpretation of "capitalism" severely affected the valuations of Tencent, BABA, since the Covid Pandemic. Just looking at paper money valuations is not an accurate enterprise value of China's big tech companies. Everyone knows they are undervalued and the stock prices do not reflect the true value of the companies.
Excellent talk. Eric has a great breath and depth of understanding of the social and political systems.
He my man boy too!
Mr. Li is SPOT ON!!!
A great example of China exponent of economics.
Thank you for this amazing talk. Truth.
His prediction is true.
You know? Give some credit to the audience members asking questions who asked unbiased questions in good faith.
Seven years later, has Eric's predictions come true?
Some have, some have not.
His prediction about the top 2 companies being Chinese tech companies did not come true, mainly because the government started to try and restrain them so that they wouldn't have a monopoly over the market, but considering that Eric Li had predicted this in 2014, when all but one of the top 10 most valuable companies were American and no Chinese tech company had ever entered the top 10 before, he's already quite farsighted.
In 2021, Alibaba was the 7th most valuable, while Tencent was the 5th most valued.
@@angeliquewu8318 Good points. I think Eric Li's insightful-ness is pretty much accurate. In fact, he was quite restrained because China is clearly doing better than what he had predicted.
The mighty USA for the past few years have been desperately trying to sabotage China in the Belt and Road initiative, Huawei, Beijing Olympics, Xinjiang, Hong Kong, and Ukraine. Wars still make the USD stronger but I see this trend coming to an end soon once the USD's role as reserve currency ends.
The infinite printing of USD pumped up the entire US stock market and inflated the valuations of the FAANG.
And as you mentioned, China's complete re-interpretation of "capitalism" severely affected the valuations of Tencent, BABA, since the Covid Pandemic. Just looking at paper money valuations is not an accurate enterprise value of China's big tech companies. Everyone knows they are undervalued and the stock prices do not reflect the true value of the companies.
Have you listened th-cam.com/video/MuNbyDesQ8M/w-d-xo.html 清华大学政治教授许章润的演讲 and Stephen Brannon’s speech in Las Vegas.?