I’m not convinced on the international diversification example, particularly if the best argument is “some hard-to-measure risks”. Most of the time the things you want to buy are in your own country, so any diversification is taking on a large foreign exchange risk.
I’m not convinced on the international diversification example, particularly if the best argument is “some hard-to-measure risks”. Most of the time the things you want to buy are in your own country, so any diversification is taking on a large foreign exchange risk.