If I recall correctly, that's the hot sauce made in New York City.For a calc professor, your vocabulary is outstanding, (eh hem, I admit to having to lookup "piquantly"
There are many reasons for diversification. Mine is plausible deniability. If somehow miraculously in 20 years, ex-US starts outperforming, I want for my future-self to be able to triumphantly say, "See, I was patient, and was duly rewarded". But if I put everything into US-only, then in this miraculous scenario, I'd feel awful... and I'd have no basis to deny the accusation of hypocrisy... that is, claiming to hedge one's bets agnostically, but not doing so.
As someone piquantly put it, we'd rather be right, than to be rich. But in my heart of hearts, I don't believe that the ex-US-outperforming scenario is possible. In terms of expectations that ex-US will ever be worthwhile, yes, I have capitulated. And that brings us to:
At the risk of becoming Irving Fisher 2.0, I don't believe in the "continued swaps" assertion anymore. US stocks will rise and fall, but their advantage over ex-US will be Fisher's "continued plateau".), but I'm not tracking your logic.
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), but I'm not tracking your logic.NEW YORK CITY?!?!
Statistics: Posted by QuesadaLover — Sun Jan 05, 2025 4:12 pm — Replies 8204 — Views 1794888