The archival value of threads such as this, is to present historical evidence, ideally in easily-digestible graphs, such as those posted by McQ. Over the years, we can update the graphs. Actual "points" are left to the reader, since conclusions are subjective. My own thinking about US vs. ex-US has not much changed, despite now 77 pages of at times carefully reasoned arguments. This doesn't render the arguments pointless; nor is it, I think, an impugning of my reading-comprehension. But it does show intricate juxtaposition of objectivity (what happened in the 1920s, vs. the 2020s - say with market capitalization, or annual rates of return) and subjectivity (whether 15 years is "recent" and hence transient, or the new-normal).I don't think it really makes an argument / point, other than the relative allocations change over time, which I *think* everyone knows?I'm all for points that actually make no point.So maybe the point is..., it actually makes no point....
Fact nuggets.
Not "because of this thing, thus this other thing must surely follow".
Just "this is a thing".![]()
ehem, maybe I should have said:
So maybe the point is..., it actually makes no point.... yet it's been repeatedly used to support every point on our list....So the point of including it, is to point out that it actually makes no point...
See the point?
Statistics: Posted by unwitting_gulag — Thu Dec 28, 2023 1:35 am — Replies 3837 — Views 223724