Searching The Globe For Value In Stocks

While the stock returns from the other major regions have lagged the S&P 500 year-to-date, better international performance over the past year combined with Berkshire Hathaway
BRK.B
Chairman Warren Buffett’s recent purchase of a significant stake in Japanese stocks has put a spotlight on the possible investment opportunities outside of the U.S.

First, a little history, U.S. investors have been well-served by staying home over the last ten years. The average annualized total return of the S&P 500 more than doubled its closest competitor. The most anemic stock returns have come from emerging markets.