Gone are the days of buy-and-hold investing. Stock picking was the strategy for the past decade, and these 10 companies were the best performers in the S&P 500.
Stock picking trumped buy-and-hold over the past decade, reversing the reigning investment strategy that encouraged investors to pile into passively managed index funds.
China used to be thought of as the world’s factory floor - a haven of cheap labor and minimal regulatory oversight for large multinational companies. The result was a massive influx of foreign investment and rapid gross domestic product (GDP) growth. But the country has outgrown this model and is shifting from low-skill, labor-intensive industries to a higher standard of living.