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The Importance of Benchmarking for Institutional Investors
The US is somehow just this, you know, emotionally attached to this idea that everything just will go up forever. Some parts of the world have been kind of diversification friendly. It really depends on their appetite for embracing diversification. To some people, it's like so obvious, like, well, I can't believe that we even considered not doing it. And to others, it's just like, okay, stocks go off forever, so why do we need to bother?