Posted by Davy Bui on February 4th, 2008 in Enlightened-American Portfolio
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SK Telecom is the latest addition to the Enlightened-American portfolio. You can find all the sordid research at the website:

SK Telecom Investment Report

I haven’t been overly aggressive during this downturn, partly due to hesitation over further downfalls and partly due to an aversion to US-centric stocks. While I do not necessarily think we will see the worst-case scenarios posited by folks like Peter Schiff, Michael Panzner, etc, I do believe that they are more right than wrong. American investments will have one hell of a massive headwind in the form of currency depreciation and a “rebalancing of global” economies. So I continue to favor overseas value, either via direct investment or via companies who derive a good percentage of profits abroad.

Against this backdrop of increased risk, I demand a larger margin of safety. I’d advise any reading this to do the same.