Investing in Companies with an Established International Presence
by Thomas Gayner
My feeling is that it’s beyond my skill set to try to buy local companies outside the U.S. Some people will make a lot of money doing that, but not me. What I am doing is buying companies like GE and Citigroup and Diageo, who already have tremendous expertise and operations outside the U.S. to take advantage of international growth and development opportunities.
Source: http://www.valueinvestorinsight.com/