“I only trade U.S. Stocks, JC”
“If you can’t find a stock in America to buy you’re not looking hard enough, JC”
“I live in America, JC”
“I don’t know anything about those stocks in other countries, JC”
Trust me, I hear all these things.
Not so much from you guys, as it is my friends and colleagues in the business.
I feel like readers of Allstarcharts know better, and also we have a very global audience.
So the recency bias that oozes out of most American investors, who have gotten accustomed to the U.S. being the best place to be, forgot what it’s like when that’s not the case.
You’re talking about a decade of outperformance, and depending on how you measure it, you can even argue that’s it’s been a decade and half of U.S. dominance.
But believe it or not, stocks traded before 2011.
The U.S. wasn’t always the global leader in equities. [Read more…]