Investing
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 [...]
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 [...]
Lou’s Lessons
Plenty has already been written today in memory of Louis Rukeyser and I’m sure there will be a lot more tomorrow. I’m going to limit my thoughts to the top three things that I learned from watching Wall $treet Week. I can’t say that the show made me want to become a financial journalist, but [...]
