Monday, August 07, 2006

Investment advice (at my peril)

First --- never sell America short. We are the biggest market in the world and the most transparent.

Second --- Don't touch China --- it is an authoritarian place, ripe for upheaval.

The Europeans are losing population so fast it boggles the mind ---- there is a customer dearth ahead.

By my lights, the only attractive investment location overseas is India. It's big it's innovative, it's democratic, albeit often turbulent. Buy companies, not funds. As Warren Buffet has said don't buy funds, buy companies. You lose too much on the lost compounded interest of the fees.



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