Meb Faber on investing in China

China's stock market reminds me of Japan.   It's gone nowhere for 30 years and it's in single digit P/E ratios.  We owned very little China for a long time only because the stocks, on average, were very expensive, they weren't doing buybacks, they weren't paying dividends.  It's all speculative type of securities.  We've now slowly started adding China...

~ Meb Faber, "Ignore the Mega-Bubble and Prioritize Shareholder Yield," Stansberry Investor Hour, 44:35 mark, April 8, 2024