Own the World: How Smart Investors Create Global Portfolios

A easy to read flow, punctuated with simple to understand definitions of economic terms adds to the understanding while reading. The book provides investors with the tools necessary to build a global portfolio and point out potential hurdles to avoid.

March 10, 2014 11:24 IST | India Infoline News Service
Title: Own the World: How Smart Investors Create Global Portfolios
Author: Aaron Anderson
Page: 207 Hardcover
March 2009
Price: US $27.95 (valid in India)

US investors, get out of the home sweet home bias, says the author. It is true biases are bad in investing and that holds true even for a home bias. The investing world is changing rapidly and the old inkling to invest only in the US may have been rational many years ago. But this may not hold true now with many of the concerns falling like the Berlin Wall.

Fearing investing in foreign companies doesn't make more sense than refusing to buy gas for your car just because it came from outside the US, he adds.

Global investing isn't new. In fact, investors have been looking to overseas markets for hundreds of years, and with good reason. A global portfolio bestows innumerable rewards on the savvy investor, yet investors in the US remain woefully under exposed to foreign equities. Despite the fact that US equity markets make-up less than 42 percent of world markets, only a small portion of our investment dollars are allocated overseas.

Once considered the playground only of the ultra-rich or institutional investors, global investing is fast becoming not only possible, but a necessity for every investor. As part of the recently formed Fisher Investments Press, Own the World introduces readers to the vast advantages of seeking investment opportunities all over the planet.

Own the World also educates readers on the nuts and bolts of foreign markets, how to easily understand them, and vehicles for investing there. By detailing the vast and currently under appreciated benefits of global investing and the distinct advantages of a global approach, Own the World will enable readers to tread confidently into global markets as they look to optimize their investment results.

The days of looking at a the world as a loose conglomeration of individual economies are long gone. Each chapter concludes with a box titled The Global View, which will help refresh what the author wishes to state.

On the US indices the author says The Dow is price-weighted and the S&P is capitalization weighted.

Besides all the opportunities listed, the book also devotes space to understanding the challenges faced while global investing. And as the author says, "There is no reason any longer to be hampered by the consequences of your origin. Thing bigger. Thin better!

About the Author:

Aaron Anderson is a Capital Markets Research Analyst at Fisher Investments where he focuses on global macroeconomic and market trends. He holds BS degrees in geophysics from the University of California, Santa Barbara and applied economics from the University of San Francisco. Anderson writes a regular column for Market Minder.com titled "The Global View", and instructs at investing seminars nationally. He and his wife Kim reside in Danville, California. They enjoy traveling (and investing) all over the world.

About Wiley:

Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for over 200 years, helping people around the world meet their needs and fulfill their aspirations. Since 1901, Wiley and its acquired companies have published the works of more than 350 Nobel laureates in all categories: Literature, Economics, Physiology/Medicine, Chemistry, Physics and Peace.

Our core businesses include scientific, technical, medical and scholarly journals, encyclopedias, books, and online products and services; professional/trade publishes books, subscription products, training materials, and online applications and websites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada and Australia. The Company's website can be accessed at http://www.wiley.com. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb.

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