environment also has changed quite a bit from when the second edition was
published in 1998. From advances in technology, medicine, and communi-
cation to broader adoption of free enterprise practices and free trade agree-
ments, today’s world reflects unprecedented opportunity—and unique
risks. Yet through all the changes, I believe the essential principles of suc-
cessful investing endure.
In many ways, the global investment landscape is far different than
it was in 1989 when I wrote the first edition of this book. Today’s...