SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 335.03-2.0%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
Boca_PETE
To: Boca_PETE who wrote (8431)12/10/2014 1:23:39 PM
From: Kirk ©1 Recommendation  Read Replies (3) of 10065
 
Interesting.
Here's an important comment by Vanguard founder, John Bogle
us-mg5.mail.yahoo.com

He wouldn't buy stocks outside of the United States. So much for international diversification.
I had a few email exchanges with Bill Sharpe who wrote the papers and got a Nobel Prize for the work that inspired Bogle to do a public index fund AFTER Wells Fargo did it for their clients. Bill believes that your indexed assets should reflect the market capitalization of the whole world, not the US. At that time, I think that was about 67% outside the US.

FWIW, back in the 1990s when I was still at HP I wrote that using Beta as a sole indicator of stock price risk was flawed. I took a lot of heat for it with comments like "William Sharpe got a Nobel Prize for it so he's right and you are wrong." Working at HP and starting to do stuff for Suite101 Finance at the time, I guess was enough for Bill to pay attention to my polite email explaining why I thought using Beta was flawed and he said he agreed and would do another book to address it. He also complimented me on what I was doing at Suite101 and with the core and explore stuff. Later, when he wrote the book and had prepublication samples, he sent this copy.



I like Bogle but I think you should have somewhere between 15 and a global market cap weight outside the US. To mention Brinker, I believe he's currently only 10% which is probably too low.

K
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News