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Rethinking International Diversification
This chapter delves into the complexities of defining international exposure in investing, debating the effectiveness of U.S. multinationals as a substitute for true global diversification. The speakers analyze various scenarios, historical trends, and the potential risks associated with currency fluctuations, prompting a reevaluation of traditional investment strategies. Ultimately, they highlight the need for a long-term perspective and strategic considerations when navigating the landscape of international versus U.S. equity markets.