The value of stocks around the world at the end of last year was $87 trillion, but the U.S. is the Big Kahuna.
Pick an asset class. Then pick a starting date and an ending date. Slide your fingers down the page to the appropriate cell in the matrix. And … zap, there’s the annualized compound return over the period.It functions, for me, as I imagine another book functioned for my father. When he served on the destroyer escort USS Lloyd E. Acree at the close of World War II, he had a copy ofbetter known as Smoley’s Tables.
Dimensional Funds' Matrix Book 2022 is its annual survey of investment performance. This page shows world market capitalization.In a quick scan you see what you expect to see: The U.S. stock market is the Big Kahuna. Valued at $52.7 trillion at the end of 2021, its gray blot dominates the two pages. The blot is twice the size of all the other developed markets. And it’s five times the size of all the emerging market countries combined, including China.
Apple, by the way, isn’t the only mega stock in the U.S. market. It is followed by Microsoft , Alphabet , Amazon and Tesla . Each of these companies has a market value that would rank very high — top 20 or better — against the stock markets of entire nations all over the planet.It’s a message about America. About creation and opportunity.I get tired of hearing “Make America Great Again.” America was great at conception. It has been great for generations. America is great now.
Why does this article read as though it was written by a 12 year old? This piece also doesn't take into account a number of macro pieces that, when you put them together, Americans can expect 1.6-4% CAGR for the next decade, whereas foreign equity will fare slightly better.
Take a look at our weak leadership. Not so good.
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