Do Consumers Really Have A Panoramic View of The World?
1. Sometime back the stock market in the United States represented 47.8% of the value of all stocks worldwide. The stock markets in Japan and the United Kingdom represented 26.5% and 13.8%, respectively, of the worldwide stock market. Yet, U.S. investors were 93% invested in U.S. stocks.
2. Another striking tidbit comes from Atlanta, Georgia, home of Coca- Cola. A past survey found out that even though Coke was a worldwide company, investors living in Georgia owned 16% of Coke.
This clearly shows a bias for home products, the known or the familiar.
Who has found this kind of prejudice?
Can this be a safe conclusion that generally people do not have a panoramic view of the world?
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Pusateri -
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Ross Bowring -
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centerforkaziboralimited -
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