Sometimes, I struggle to understand the relative size of assets.
Consider the following:
– In 1997, the market capitalisation of Microsoft was larger than that of Emerging Markets!
– In 2012, the market cap of Nestlé was briefly equivalent to that of the Italian Index!
– Today, if you owned the entire Apple Inc., and sold it, you could purchase the entire stock market of Russia, and still have enough change to buy every Russian an iPhone 6 Plus! Or you could buy yourself a billion Iphones!