From left: Compass' Leonard Steinberg and Robert Reffkin (Getty, Compass)
Local bias explains a phenomenon in investing in which people concentrate their portfolios in their own country.Only one nation's stock market can perform the best, which means investors everywhere else are making a mistake.Apparently it exists in residential brokerage as well.
Local bias explains a phenomenon in investing in which people concentrate their portfolios in their own country.Only one nation's stock market can perform the best, which means investors everywhere else are making a mistake.Apparently it exists in residential brokerage as well.
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