... the globe. During the 1980s, the boom years for the Japanese stockmarket, Japanese investors scoffed at the idea of investing in Europe or the United States. Then, during the late 1990s as the ... stockselection. Further, there is the potential for negative media coverage ifmanagers embark upon activism—even if the managers are successful ineffecting the changes they seek. Often, the tone and ... opportunities,generally no one is bringing them to their attention.Second, even if they do know about opportunities around the world,they don’t believe they know enough about them to make overseas invest-ment...