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Let’s take a comparative look at the world’s market cap (i.e. the value of all the stocks), by country. The total value at the end of last year was about $47 trillion. Is China really only 3% of that? Not quite. That’s just the value accessible to non-Chinese investors. Russia, the largest country by area, barely makes it on the map (hint: it’s grey). In fact, Russia’s total value is less than Apple’s. Try to guess what the non-labeled countries are. We hope this made you go “hmmm”. Cheers, John & Bill