"Companies, Not Countries" as featured in Bloomberg

Michael DeMassa's recent article as guest contributor for Bloomberg CFA Prep highlights some of the topics covered in the three levels of the CFA Exams while emphasizing the importance of knowing where a company does business to better understand the associated risks.  Passive index investing may provide unexpected risk exposures as 40% of the revenues in the US based S&P 500 Index is sourced overseas.  It is more important in today's global world to remember that stock investments are in companies, not countries.   

A link to the full article is HERE