I believe one of the keys to making money in the U.S. stock market in the future is to invest in companies that get a big chunk of their sales from outside the slow-growth U.S.A.
Like Nike, who gets more than 50% of its sales from outside North America. And I thought only spoiled American brats were wearing $100 tennis shoes.
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I am not surprised at all with Nike’s overseas sales percentage. In my country (Malaysia), I can see many people teens putting Nike shoes on top of their wishlist.
How percentage of those shoes do you think are knockoffs though? A small percentage? Most?