Applying Value Principles Overseas

Today I will continue my discussion of buying what is cheap right now. I am constantly amazed by the amount of effort and time that market pundits put into what is probably the least productive exercise in investing. The amount of brainpower burned up each day trying to predict the direction and duration of market moves is stunning. I have never seen a shred of evidence that this is anything but the flip of a coin. Investors and traders alike would be better off focusing on what has happened rather than attempting to predict the unknowable.

The key is to focus on buying what is cheap right now. Today I want to focus on international stocks that are cheap enough to buy right now, regardless of the various theories and opinions on macroeconomic matters. When applying the basics of asset-based value investing to foreign markets, I stick to the more developed nations. I do not muck around in frontier markets at all, and I avoid all things Chinese. The accounting at Chinese firms cannot be trusted, and I just cannot imagine that a Communist dictatorship that's hostile to the U.S. has my best interests in mind....640 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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