A classic Wall Street yarn, concerning a young man who was in the early stages of learning to be a professional speculator goes something like this. The young man had a problem, so he went to an elderly gentleman noted for his shrewd investment judgment, for advice. The young man had taken on quite an [...]
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Of the world’s 40,000 publicly traded companies, 77 percent are located abroad, a pretty good sign that there are compelling investment opportunities outside the United States. Viewed another way, 51 percent of the world’s $38 trillion total market capitalization belongs to the international arena. U.S. mutual funds hold $491 billion in overseas investments. With so many [...] |
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