Additionally, staff at the Federal Reserve Board and International Monetary Fund have shown that, for firms from emerging-market economies that meet U.S. standards for disclosure and protection of minority shareholder rights, U.S. residents hold the theoretically predicted proportion of company shares in 8 their portfolios. Thus, it appears that an improvement in global reporting and corporate governance standards could significantly reduce global home bias.
Allow me to answer this question myself. If one successful year could be attributed to coincidence, two successive years to fortuitous circumstances, then three such years in a row, or an entire “Olympic cycle” of good results, are an indicator of undisputable quality, commitment and knowledge.