Excess Returns Do You Really Need International Diversification? 10 Top Investors Debate
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Dec 30, 2024 The debate on international diversification vs. U.S. dominance unfolds among ten investing experts. They tackle what international exposure really means in today’s interconnected market. Explore the risks of relying solely on U.S. stocks and the impact of currency fluctuations. Perspectives on passive investing reveal its role in global asset distribution. The conversation emphasizes the necessity of balancing international investments to align with personal risk tolerance and navigate the complexities of global markets.
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Defining International Exposure
- Corey Hoffstein questions the definition of "international exposure."
- He argues that U.S. companies with global revenue offer international diversification.
Japan's 1980s Dominance
- Meb Faber uses Japan's dominance in the 1980s to illustrate unpredictable market shifts.
- He highlights how international diversification benefits investors in most countries.
Identifying Bubbles
- Dan Rasmussen discusses the challenge of identifying bubbles early.
- He draws parallels between the dot-com bubble and current U.S. market valuations.