Quote Originally Posted by SailorRob View Post
Snoopy wrote:
"As for judging NZ based investments against an American sharemarket index, that is just inappropriate in my view. Generally you are looking at entirely different kinds of businesses both in scale, industry classification and yield 'over there' compared to 'here'."

This is the entire point. If you are a 50 year old prostitute in Hamilton, you may well see fit to judge yourself against other similar ladies however perhaps you should be comparing yourself to 20 year old Auckland ones.
Well if you live in Hamilton, and don't have personal transport links to Auckland, you may well find a 50 year old prostitute in Hamilton that scrubs up well and satisfies your needs? The grass isn't always greener.....

SNOOPY