Investors Say It’s 1950 Somewhere Else

Last Sunday’s New York Times (July 10, 2011) had a half page ad on page 15 of the Mutual Funds Report section with the following words in the banner:

1950 Somewhere

A quote from one of the pages at

“…Over the past generation, the global economic, political and social landscapes have changed dramatically and, we think, irreversibly…  We believe investors who embrace the idea that investment opportunities are no longer defined by borders [emphasis added] are positioned to benefit most from the insights and opportunities presented by the new landscape.”

This perspective is widespread among investment houses – just read the ads and visit the web sites.  Goldman Sachs, for example: