top of page
Search
  • Writer's pictureAndrew Burns

January 2021: Submerging Markets

In this newsletter, we discuss why emerging market stocks, despite trading at lower valuation multiples than stocks in developed markets, have under-performed over the past decade. We explain the importance of analyzing a mix of valuation levels, inflation, currencies, and interest rates. We argue that investing internationally should be undertaken with more caution than is common and offer our view on the decade to come for emerging markets.


Click to read more!

Submerging Markets - January 2021
.pdf
Download PDF • 373KB

0 comments

Recent Posts

See All

After rate-hike upheaval in 2022, the beginning of 2023 has felt like the first semi-normal year in markets since the COVID crash of 2020. In this letter, I: 1. Am reminded why I don't short stocks 2

“What gives you opportunities is other people doing dumb things.” – Warren Buffett, 5/6/2023 I had the pleasure of attending the Berkshire Hathaway annual meeting this past weekend in Omaha, as I have

Rising interest rates take no prisoners; market action in 2022 was no exception to this rule. In this annual review letter, I: 1. Review my investment performance against a difficult market backdrop 2

bottom of page