Despite the continuous barrage of negative newsflow, which has us all believing that the world as we know it is coming to an end, India is up more than 20% percent. What a special country.
But wait – Poles and Mexicans are saying the same about their countries. After all, their markets are up even more, 38% and 31% respectively. What about Greeks, Italians and Hungarians? Same! Turks, Koreans, Chileans? Same! In total, 38 of the 40 markets we track are up year to date. It’s worth keeping our celebrations and our anxieties in this context.
Notes & Letters
A collection of our thoughts, views, and excerpts from our investor letters.