Couldn't agree more Jordan! The establishment has grown too big and its time for change. Better late than never.
Hi Graeme, you are right, the starting point does make a difference for any historical analysis. You can negate this by looking at rolling periods. We did this on a 3 year forward basis every month over the long term and it shows India outperforming China 69% of the time. However the point of the chart was to show the relationship between stock market returns and earnings growth and how they have differed between the two countries.