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Quote of the Day

"When the harvest in one place has been consistently good, people are reluctant to look elsewhere. But wiser investors follow the practice of Peru’s mountain farmers and spread their bets far and wide. America’s stockmarket cannot outperform forever. When the investment climate changes, a heavy tilt towards a single country can be costly."

(The Economist)

Chart of the Day

Commodities have been the worst performing asset class over the past five years, by far.