But the fact that there is such a widespread negative view about developing nations' prospects is perhaps the best argument for reconsidering investing in selected assets in the developed world, he concluded.
Emerging Markets: Arnott Vs. Patel, Fuss, Swanson
October 7, 2015
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Swanson says our "superior profit margins" justify the multiple gap????? In my book a dollars worth of earnings are....a dollars worth of earnings. Why would pay double for a dollar made in the US? If anything, his facts might indicate that there is more room for growth in emerging markets due to increased margins and lower labor costs in the future. His argument makes no sense.