{"id":57409,"date":"2009-12-01T11:06:00","date_gmt":"2009-12-01T16:06:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/biggest-market-call-of-the-decade-2009-12"},"modified":"2009-12-01T11:06:00","modified_gmt":"2009-12-01T16:06:00","slug":"the-biggest-market-call-of-the-decade","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/57409","title":{"rendered":"The Biggest Market Call of the Decade"},"content":{"rendered":"

(This guest post originally appeared at the author’s blog<\/a>)<\/em><\/p>\n

Yes, I’m about to give props to Goldman.  Deal with it.<\/p>\n

The single biggest, most profitable market call of the last decade was made in 2001 by economist Jim O’Neill<\/strong>, then working at none other than Goldman Sachs<\/strong>.  The call was made in Global Economics Paper #66<\/em> aka “Building Better Global Economic BRICs<\/strong>” and it marked the original usage of the term “BRIC<\/em>” to describe Brazil, Russia, India and China as a group.<\/p>\n

The coining of the term is secondary to the trillions in wealth and world-changing shifts that this paper predicted.  Had you heeded O’Neill’s work and gotten invested in the stock markets of those four nations, you’d have made more money this past decade than by doing virtually anything else conceivable.<\/p>\n

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<\/a><\/p>\n

from Goldman Sachs Global Economics Research<\/p>\n<\/div>\n

O’Neill and his fellow researchers concluded way ahead of everyone else that:<\/p>\n

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