Why should Australian investors have a greater focus on investing offshore?

Paul Moore, CIO and founder of PM CAPITAL discusses with CommSec’s Tom Piotrowski why he believes investing globally currently provides a better risk reward proposition for Australian based investors. Firstly, investors get access to "businesses that are selling twenty to thirty per cent cheaper than similar companies here in Australia". Secondly, investors are able to invest in those types of global companies which are not currently available here in Australia: "Visa, great company, compounds of 10-12%... Google grows at 20%, and some of the futures exchanges which are benefiting as the activity in the markets comes back, which are selling on 18 to 20 times earnings which for these types of businesses are very interesting". Watch the link below: (VIEW LINK)