new thread, page-40

"and to recommend one o/s company, look no further than brk.b listed on the nyse.

if not your cup of tea (mainly due to cash restrictions), next best thing would be the Fairholme Fund."


The are several reasons for international diversification, but put simply, you gain exposure to the 'best' of the global economy, both geographically and industry sectors which are under-represented on the ASX eg GlaxoSmithKline PLC, Bayer AG, Pfizer, Merck in pharmaceuticals, Exxon, BP, Shell , Microsoft, GE, global brands Procter & Gamble, Nestle etc, Toyota

These types of companies give you currency diversification and leverage into the global economy by virtue of their international operations.