Tag: comparative advantage
-
From Steel to Silicon: How the U.S. Is Losing Ground in Traditional Industries
in Stock MarketJapanese steelmaker Nippon Steel attempted to acquire U.S. Steel in December 2023. Investors were optimistic, but politicians and union members were less enthusiastic. Politicians voiced concerns about keeping U.S. Steel under American ownership. At the same time, union members expressed unease, fearing that a foreign acquisition might impose stricter labor requirements on them. There’s a…
-
Global Diversification Is A myth
in Stock MarketWhy I am giving up on global diversification and putting all my money in the U.S. stock market. Early in my journey as an investor, I was led to believe that the smartest thing I could do for my portfolio was to diversify globally. So, I did. I had a bit of everything in my…