Global Investing R.I.P.?
“The four most dangerous words in investing are ‘this time it’s different.’”
Back in 2005, global investing was all the rage.
International markets offered the promise of faster growth, greater profits and lower portfolio volatility through diversification. These benefits made global investing seem like the ultimate free lunch.
BRIC investing was the perfect example…
In 2001, Jim O’Neill, the chief economist of Goldman Sachs at the…