Chapter 7: Around the World under $10
1. We
should not limit our search for potential low-priced stocks just to companies
based in the United States.
2. Growing
nations are a wonderful source of low-priced stocks.
3. Nations
that are experiencing the high growth stages of their economic existence are
going to spend heavily on developing infrastructure. The materials to build
roads, highways and bridges will be in high demand, as will the services of the
companies who sell and use them.
4. As
an economy grows people begins to earn more than they need to support their
basic lifestyle. They will be hungrier for goods and services that make life
more interesting, more rewarding and more comfortable. Companies that provide
luxury items or consumer services are also well positioned to prosper as a new
middle class is created in a country.
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