Borderless Investing
Stop the presses: Roubini is bullish about something!
NYU Economist Nouriel Roubini has been on television or quoted elsewhere in the press at least 14,000 times in the past year or two. Astonishingly, journalists almost never seem to ask him the most interesting question: “So, Dr. Doom, are there any markets in the world that you actually like?”
A plausible theory is that the [...]
International Investing Basics: ETFs, ADRs, and golf clubs
If you’re just getting started in international investing, at some point you’re going to encounter exchange traded funds (ETFs) and American Depositary Receipts (ADRs). These are virtually idiot-proof securities that can be bought and sold through any broker, just like shares of IBM.
Unless you live in Kuala Lumpur, building a portfolio of Malaysian stocks would [...]
Must Read: Fact and Fiction in China
China is without question one of the biggest and most important markets for global investors to understand. Whether you’re a Bull or Bear on Chinese stocks, you need to understand how the Chinese economy will affect the companies in your portfolio, wherever those companies may be located.
Investors also need to be able to filter through [...]
Charles de Vaulx on International Investing
The Manual of Ideas has detailed notes from a presentation given by Charles de Vaulx of International Value Advisers LLC at the Value Investing Congress earlier this week in Pasadena.
Charles is bullish on Swiss food giant Nestle and Secom, a Japanese company that specializes in home security systems. He also likes gold, high-yield bonds, [...]
Mindless mining discount
Nothing makes the arbitrary separation of foreign/domestic or developed/emerging markets look more ridiculous than the mining sector. Amazingly, people still think this way. Bloomberg points out that emerging market mining shares sell for a 23% discount to US-based peers, despite much, much better fundamentals.
Olivier Eugene, a fund manager at AXA sums it up nicely:
“It [...]
