For clarity, it is an argument I recall seeing Jack make -- that is all I was saying.You are assuming that there is no risk from having 100% dollar-denominated assets. This is a very big assumption, IMO.you are taking uncompensated currency risk
(I am too lazy to look for it, in part because I agree that currency diversification is prudent -- at least for me).
Statistics: Posted by steve r — Tue Jan 20, 2026 10:56 am — Replies 10250 — Views 2345382