Jason Hsu on China, competitiveness and ESG

To outcompete globally, to generate profits - this animal spirit of responding to monetary incentives is stronger in China than any other country I ever visited. Whereas, if you look at the U.S. and Europe and Japan today: ESG investing, purpose investing, impact investing, where investors are saying, "Hey, I'm willing to make less money, lower return for other reasons," right? "My investing, my work isn't merely profit-driven." And that ethos almost points to anti-capitalism. Capitalism requires you to be entirely selfish and profit-motivated. So that's the dichotomy in China. On the one hand you have extreme profit-motivated behaviors that's led to phenomenal growth. That's led to everyone acquiring a tremendous amount of education and working tremendously hard and producing prosperity and growth, but with a backdrop of a society that's also very distrustful of a market mechanism. 

~ Jason Hsu, "Quantamental Investing Lessons with Jason Hsu," 27:30 mark, Stansberry Investor Hour, March 18, 2021

Jason Hsu on securities regulation

In the short run maybe it's very efficient to have a tiger mom or tiger dad to come in and dictate how things ought to work, but really, in the long run, there is something to be said about the market mechanism and really having the participants learn and sort it out instead of the regulators playing judge and jury all the time. 

~ Jason Hsu, "Quantamental Investing Lessons with Jason Hsu," 25:20 mark, Stansberry Investor Hour, March 18, 2021