Borderless Investing
NYT goes Borderless
Borderless investing - not just the concept, but the term itself - made a rare appearance in Sunday’s New York Times. Citing data on global funds, the piece notes a growing interest in borderless investing among institutions.
The notion of borderless investing appears to be taking hold among institutional investors. Through the first half of [...]
Building a Borderless Portfolio
The annual Forbes International Investing Guide has an interesting profile of Rob Gensler, who manages the T. Rowe Price Global Stock Fund. Gensler doesn’t use the term “borderless” but he does note that the line between “domestic” and “international” investing is increasingly blurry.
A good number of global funds have a manager to handle the U.S. [...]
Foreign Language
Today’s Sunday New York Times has a column on international investing and diversification. It’s not very long, but the writer manages to use the word “foreign” an astonishing 28 times.
Some folks dislike the word “foreign” because it’s not politically correct. That’s not what bothers me here. My beef with the word is that it encourages [...]
Borderless Buffett II
Bloomberg reports:
Buffett, Berkshire’s chairman and chief executive officer, told investors at the company’s annual meeting in Omaha, Nebraska, that the $4 billion purchase of most of Israel-based toolmaker Iscar Metalworking Cos. represents another way of “mitigating” a fall in the dollar…
… “Buffett’s saying, `There’s no point in playing a weaker- dollar strategy in the currency [...]
Buffett Goes Borderless
After all that speculation about various U.S. takeover targets, Warren Buffett’s Berkshire Hathaway is buying 80% of Iscar Metalworking Cos, an Israeli firm. In WSJ, the Sage of Omaha says:
“We are delighted to partner with the Wertheimer family and IMC’s current management, led by Eitan Wertheimer and Jacob Harpaz,” Mr. Buffett said in a statement. [...]
