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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (14556)	6/19/2000 10:46:00 AM
From: w0z	Read Replies (2) \| Respond to of 15132

"Jim HATES foreign stocks and funds and is all in the US. I couldn't agree more. Why pay a Mark Mobius to fly a million miles per year when you have world-leading companies (like HWP, INTC, AMAT, CSCO, etc, etc) that derive far more than 50% of their revenue outside the U.S. Isn't the point to be diversified geographically? These stocks are already diversified by the nature of their global customer base and in most cases they dominate their markets overseas just as they do here. Why take the currency risk, accounting rules risk, etc of investing in Indonesian cement factories when you can invest in world leading companies that have scores of people who manage their internal currency risk and who must comply with SEC and FASB accounting rules? If you don't like technology, there are plenty other large multinationals in other businesses (KO, PG, F, etc.) If you really like risk, there are easier ways to do it than trying to guess what the next hot country will be.