This strong performance contrasted sharply with the performance of global stock markets, which yet again struggled to keep up with their U.S. rival.
Global Investing: A Decade of Underperformance
Every time-tested asset allocation strategy on the planet recommends that you diversify your stock investments by investing in global stock markets.
Yet, the advice to invest internationally over the past decade has been a real dud.
After the financial crisis of 2008, emerging markets tumbled far more than the U.S. markets.
What???s worse is that these markets never really regained their mojo.
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