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Pastimes : Home on the range where the buffalo roam

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To: Raymond Duray who wrote (10633)	2/21/2001 6:06:06 PM
From: JRI	Read Replies (1) of 13572

Hey Raymond...I forgot to add....the U.S. financial markets look like Debby Boone compared to the rest of the world! <G> Clean as a whistle...(Amazing how comparisons to ugly stepchildren can make one look so good).. How anyone can invest in a public company based overseas is beyond me, unless that person has some very specific (practically inside) information about liquidity going-ons, and plays it purely as a momo/liquidity thing...having said that, acting on such information, if not illegal in the foreign country of choice (pick it!), probably runs afowl of SOME U.S. securities law......throw in political risk, currency risk, and lord-knows-whatever-risk......and those super-lucid balance sheets....oh boy......as a simple primer, anyone wanting to invest in a company based overseas should read up on Lernout & Hauspie... Well, I guess one could always buy one of those no-brainer international mutual funds and not worry about it....Life's a beach, right? (It is where I live-ggg)

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