Investing is a harsh taskmaster. Each day, cold, hard numbers tell you what you got right and what you got wrong.
If you’ve been bullish on a country’s stock market and that country lights up the scoreboard with big gains, you feel vindicated about your powers of prognostication.
Sometimes the country you tap for big gains is a turnaround story and one where the markets have been beaten down too far, too fast. That’s what the original Global Guru, John Templeton, did, investing only in the countries where “the outlook was always the worst.”
Other times, a country’s stock market read more…