This year's Semper Augustus 150 page missive to investors by Christopher Bloomstran is, as always, a full night several scotch read with lots of thought provoking thoughts and comments.

https://static.fmgsuite.com/media/documents/f18f7f...

The part that really caught my interest this year starts at page 66, "The China Syndrome".
The fact that China's population (~1.5Billion) started its decline in 2021 and will continue to the end of the century ending at half it's current number.

The combination of a one child (preferred boy) policy in the 80's followed by extensive urbanization is changing the classic triangular population pyramid in the 80's to that of a shapely movie star (pick your fave) with HALF the people at the end of this century. ( see P.71)

Chris's 6 page discussion of this phenomena is very interesting along with all the world financial implications.

ciao

Berkshire Hathaway FAQ

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