If you are new to investing and just entered the financial markets, you may have heard of the terms ‘tariffs’ for a while now and most recently, ‘currency devaluation’. As if investing is a difficult animal to deal with, adding in all these macroeconomic mumbo-jumbo may have sent your head further spinning. Well, like it or not, you will need to have some idea of what these terms mean in your fundamental analysis (at the Economic Conditions level according to The Bedokian Portfolio1), but to make things digestible for you, I will explain them in easy-to-understand analogies. Let us use a setting where there are only three countries in the world; Country A, Country B and Country C. Country A and Country C both produce a widely used consumer product called gizmo. The cost of producing a gizmo in Country A was about (let’s be currency neutral here) $6, while...