Sometimes the best way for an investor to see ahead is to take a look and see what happened in the past. This is why Charlie Munger, the wise old vice chairman at Berkshire Hathaway, likes to say, "There are answers worth billions of dollars in a $30 history book."
The history books have a riveting story to tell about emerging markets. This story has clues that tell us what might happen in the big emerging markets of today - such as China, India and Brazil. And these clues, like a trail of breadcrumbs, lead to one great investment theme. It's so sweeping and powerful that it has even huge multinationals giddy at the opportunity.
First, a little of that history, beginning with postwar Japan and the "three electric treasures"...
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