Jack Bogle was in a position to not need to worry about sequence of return risk. He was enormously wealthy and lived below his means.I'm OK just doing what Jack Bogle says and just do the SP500/TSM. If it's enough diversification for him, it's enough for me!
What's enough diversification for him may not be enough diversification for somebody else.
He explicitly also said he may be "wrong" about international investing and for nobody to use what he says to make their mind on the topic. He admitted the entire world of finance says he's wrong about the topic.Still. He was aware of international markets and explicitly said they're not necessary. Later he said they're still not necessary but if you MUST, limit it to no more than 20%. Just saying. If it were good enough for him it's good enough for me.
Yes, and the "world's greatest companies" have routinely in the past fallen from grace.if I am to have a bias, and we all have biases, let it be a recency bias. the world's greatest companies are in SPY. I like bogle's teachings but I like S&P's work in constructing the S&P500 even more
I was about to say that referring to Japan would be making my point for me.
See: Nifty Fifty stocks of the 60s.
See: Japanese stocks of the 80s.
See: DotCom stocks of the 90s.
A "great company" is not sufficient to protect you should that great company do poorly. Japan does not make any point in your favor in this debate, but frequently posters delude themselves into thinking Japan is Japan and US could never have a bad period itself, when it has - multiple times in the past.
Statistics: Posted by Nathan Drake — Fri Mar 08, 2024 7:11 pm — Replies 32 — Views 1864