Own the World: How Smart Investors Create Global Portfolios (Fisher Investments Press) [Hardcover]

Aaron Anderson (Author)

Book Description

Series: Fisher Investments Press | Publication Date: March 3, 2009

Global investing isn't new. In fact, investors have been looking to overseas markets for hundreds of years, and with good reason. A global portfolio can bestow innumerable rewards on the savvy investor, yet many US investors remain woefully under-exposed to foreign equities. Despite the fact that US equity markets make up less than half of world markets, only a small portion of our investment dollars are allocated overseas. Even the most sophisticated investors have been deterred by misconceptions about the risks associated with owning foreign stocks or a lack of information about foreign markets. But the notion investment options are limited by borders is antiquated and downright detrimental to successful investing.

Once considered the playground of only the ultra-rich or institutional investors, global investing is fast becoming not only possible, but a necessity, for every investor. As part of Fisher Investments Press, Own the World introduces readers to the vast advantages of seeking investment opportunities all over the planet. Own the World provides investors with tools to build a global portfolio and points out potential hurdles to avoid. It also educates readers on the nuts and bolts of foreign markets, how to easily understand them, and vehicles for investing there. By detailing the vast and currently underappreciated benefits of global investing and the distinct advantages of a global approach, as well as common pitfalls to avoid, Own the World can help readers to tread more confidently into global markets as they look to optimize their investment results.

Editorial Reviews

From the Inside Flap

Despite the fact that foreign stocks make up a larger portion of world equity markets than U.S. stocks, only a small portion of American investors' dollars are allocated overseas. Many of the world's biggest and fastest-growing companies are located outside the United States, so a global portfolio can bestow rich rewards on the savvy investor. But increased return opportunities aren't the only benefit. Greater opportunities for risk management through diversification are another important advantage of a global investment portfolio. Yet even the most sophisticated investors have been deterred by misconceptions about the risks associated with foreign stocks and the seeming lack of information about foreign markets.

Own the World will educate you on the importance of going global, the investment vehicles providing access to global markets, and potential pitfalls to watch out for when expanding portfolios overseas.

Author Aaron Anderson, an analyst at Fisher Investments, describes the benefits of global investing in straightforward terms. He explains that many of the world's most successful firms are located outside the United States, including many of the companies Americans rely on most. He details how investing globally can increase diversification and reduce portfolio risk because different conditions in different countries can cause domestic and foreign stocks to be imperfectly correlated. The author provides an overview of global stock markets and describes how to efficiently employ a top-down approach to building a global portfolio. He outlines some of the factors impacting stock prices around the world as well as some of the more challenging aspects of global investing, such as political risks, different accounting standards, and others. He further explains that, in many cases, the perceived risk is greater than the actual risk.

While global investing can't insulate investors from all the ups and downs inherent in stocks no matter where they're from, it can unleash myriad opportunities to take advantage of the growth potential and risk-reducing benefits of stocks around the world. This book can show you how to take full advantage of these tremendous opportunities.

From the Back Cover

A practical guide to investing globally

Global investing is fast becoming a necessity for every investor who wants a truly diversified, well-constructed portfolio. Own the World—from Fisher Investments Press—introduces you to the vast advantages of seeking investment opportunities all over the planet.

Own the World will educate you on the nuts and bolts of foreign markets and how to easily understand them, explaining the benefits of investing globally, what tools are available to global investors, and what potential pitfalls should be avoided. By detailing the vast and currently underappreciated benefits of global investing and the distinct advantages of a global approach, Own the World can help you to tread confidently into global markets—and potentially enhance your investment results.

About Fisher Investments Press
Fisher Investments Press brings the research, analysis, and market intelligence of Fisher Investments' research team, headed by CEO and New York Times bestselling author Ken Fisher, to all investors. The Press covers a range of investing and market-related topics for a wide audience—from novices to enthusiasts to professionals.

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Product Details

• Hardcover: 207 pages
• Publisher: Wiley; 1 edition (March 3, 2009)
• Language: English
• ISBN-10: 0470285389
• ISBN-13: 978-0470285381
• Product Dimensions: 9.1 x 6.1 x 0.9 inches
• Shipping Weight: 13.6 ounces (View shipping rates and policies)
• Average Customer Review: 3.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #922,875 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

4 of 6 people found the following review helpful:

5.0 out of 5 stars Global investing? Yes sir!, June 30, 2009

By 

Mike Jones (Denver, CO USA) - See all my reviews

This review is from: Own the World: How Smart Investors Create Global Portfolios (Fisher Investments Press) (Hardcover)

One of the best books I've read this year. Part how-to, part manifesto, this is a great book on the hows and whys of "global" investing. Not international, but global.

The book details the benefits and risks to global investing, but mostly that the benefits outweigh the risks. And, if you think you are a global or international investor, you are probably kidding yourself and aren't global enough.

The book also has some interesting trivia and anecdotes that keep it lively. This would be a great father's day gift or graduation gift for investing enthusiasts.

1 of 2 people found the following review helpful:

2.0 out of 5 stars For the beginner, March 6, 2010

By 

Kevin B. (Portland, OR USA) - See all my reviews

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This review is from: Own the World: How Smart Investors Create Global Portfolios (Fisher Investments Press) (Hardcover)

This book should be called Own The World Lite, or Own the World for Dummies. It covers the why fairly well, but is short on the practical how to, and skims issues like currency risks. It's a primer if you are trying to decide to diversify overseas and not much more.