Why our attitude to emerging markets is changing

The political and economic twists and turns of the past few months view like scenes in a summer movie blockbuster. At times like this perhaps the Sage of Omaha can be a source of comfort. Warren Buffett reminds us: “In the 20th century, the US endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497." Sometimes you can be so engrossed in the drama and personalities you can miss the broader pic...