Diversification

A Wealth of Common Sense posted a really sound review of diversification http://awealthofcommonsense.com/2018/07/some-considerations-for-investing-globally/

I am in total agreement with many of the key points.  I have been more capital out of US equities both on a valuation risk and a political risk.  One could argue that political risk may not be isolated to US, but diversification has its purposes.  The other element that is worth considering is the historical transitions of the ‘power economy’; the US time may be waning and who knows for sure what economy will assume leadership – China, India, or … this transition seems to be starting …

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