Factoid: At the Port of Los Angeles, the US’s largest container port, Japan was the largest trading partner two decades ago, accounting for a quarter of its trade flow. Today, Japan accounts for 6%. China, which represented 5% of the port's trade in 1990, now represents more than 40%. (Source: WSJ)
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”