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When Investing, Pay Close Attention To Country Over Company

dfgeroijf Wrote: Mar 02, 2013 8:20 PM
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The stale old stock pickers’ debate about whether to bet on the right jockey or the right horse might leave out the most important long-term factor for building a diversified portfolio…you just might do better betting on the right track.

In other words, and for whatever reasons, it might be true that highest amount of value (best mix of return and risk) might come not from the choice of which CEO is in charge or which sector the company works in, but rather on the policy environment in which the companies are forced to operate.

Over time these...