This Is What Adam Smith Meant By Invisible Hand — forbes.com

This is an interesting little note on quite how difficult it is for us all to remember all of the points that Adam Smith made. Here, FT Alphaville is discussing some research from Goldman Sachs, which notes that investors tend to have a domestic market bias. And of course they’re absolutely correct, they do, but it’s not actually all that much of a puzzle for it’s exactly what Smith meant by the phrase “invisible hand” in his only mention of it in Wealth of Nations.

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