Thursday, May 14, 2009
I guess I am long on the prospects for China to continue its growth. Though, I read today an article in seeking alpha about how investing in the BRICs might not be a great idea, because even though the emerging markets are growing, they do not have (in general) the same level of the rule of law as the United States does. The Rule of law brings stability and predictability (within reason) to markets. My time horizon is not imminant. I figure that the world will probably look different five years from now.