In a similar situation: I basically have just 2 funds in my retirement portfolio: SnP500 index fund (75%) AND Berkshire Hathaway B shares (25%)
from my research I know that in years where SnP500 drops too much (recessionary periods), BRK-B would soften the blow as Value stocks tend to do well in such times. And usually that works for me.
For those unaware (myself included), VT is the Vanguard Total World Stock Index Fund ETF which "tracks the FTSE Global All Cap Index, covering roughly 9,000 stocks across more than 40 developed and emerging markets."
I see this argument a lot online: "You need more diversity." First, you didn't provide any reason or evidence about why this is a good idea. Second, "more diversity" isn't always better.
The S&P 500 has crushed VT since inception (June 2008). Most people will be surprised to learn that adding smaller cap (domestic) stocks, or international developed country stocks, or emerging market stocks will probably reduce your returns. As an example, you can compare the returns of S&P 500 vs Russell 2000 since 2005 [1]. It is not even close -- S&P 500 crushes again. Also, the vol in S&P 500 was lower than Russell 2000.
My investment philosophy comes directly from Warren Buffett: "Never bet against America". Of the three largest economic zones in the world with free markets (United States, Europe, and Japan), the United States is by far the most dynamic. Ask yourself: In the next 30 years (or more), which of those three regions will grow the most? In my view: Absolutely the United States.
Finally, to people who say that you need international stocks in your portfolio else you are "missing out". You don't. Why? The S&P 500 already has 30% of revenues from countries outside the United States. [2]
I do not understand how you can talk about US, EU and Japan but not mention China. Because I'd bet China is in a similar league and has better prospects than any of the three.
This is incorrect. There are lots of ETFs that now directly hold China A shares. CSI 300 index is the equiv of S&P 500 in mainland China. Also, via HK Stock Exchange, you can buy China A shares via "northbound connect". A broker like Interactive Brokers supports this type of trading and the bizarre/special currency (CNH) required for it. That said, I excluded China because it is not developed and has awful transparency.
> The 10 biggest companies in the S&P 500 make up almost 40% of the index, and if Anthropic, OpenAI and SpaceX are added later this year, the concentration could approach 50%, see chart below. The bottom line is that the S&P 500 basically doesn’t offer much diversification anymore.
> My investment philosophy comes directly from Warren Buffett: "Never bet against America". Of the three largest economic zones in the world with free markets (United States, Europe, and Japan), the United States is by far the most dynamic. Ask yourself: In the next 30 years (or more), which of those three regions will grow the most? In my view: Absolutely the United States.
The next 30 years will not look like the last 30 years, and to be frank, this administration impaired any thesis of the US being at the center of the economic world globally for at least the next decade or two. The ultimate strength of the US economy was that global trade centered around the US. That trade is already reconfiguring around the US, and will continue to do so to de-risk and decouple. How is the US supposed to grow with restricted immigration? 21 states already have more deaths than births and this will continue to all 50 states eventually. India and Africa are the last parts of the world where any growth will be found, everywhere else is in terminal population decline.
So! VT reduces your concentration risk from the AI bubble (versus the SP500) while still keeping you exposed to a risk asset class (total world equities) to capture higher returns than you’d get with bonds.
Your backtesting is of no value in this context, the world has changed permanently due to the actions of this administration. Portfolio composition decisions made today are for the future, not the past. Past performance is no guarantee of future results.
https://www.morningstar.com/stocks/you-might-think-industry-... (We see the same results looking at the more recent period of July 1963 to September 2024. US stocks returned 10.64% annually, high-tech stocks returned 11.35%, healthcare stocks returned 11.99%, and both were outperformed by beer, which returned 12.18%, smokes, which returned 14.56%, and guns (defense), which returned 12.77%. Even shops (wholesale, retail, and some services such as laundries and repair shops) outperformed, returning 11.88%)
I had one such tour at Toyota's TMMK (Georgetown, Kentucky) manufacturing plant and witnessing the efficiency with which they were making cars blew my mind!
Because people take "airline X makes $50k profit, and makes $55k off of the credit card, so therefore it makes all money from credit cards" which is true from a certain accounting point of view, and also entirely false, in that it's all accounting tricks and the credit card would be worthless without an airline.
This isn't true. European airlines do have loyalty programs with "miles".
Air France, British Airways, Finnair, Turkish Airlines, just to name a few, all have miles programs.
They just aren't tied to credit cards because the EU caps interchange fees to 0.3%, so there simply isn't enough money to have a meaningful credit card point system.
sometimes if you have downloaded an app on Mac it automatically tries to install itself on iPhone due to some settings somewhere. Not saying that's the case with your app but I've noticed that with apps being installed on my iPhone when I install some apps on my Mac.
Sort of a love/hate relationship, though. Anyone who is a seasoned Apple dev, has been incandescent with rage at Apple, at more than a few points in the relationship.
But the thing I can't forget, is the absolute torrent of derision and abuse from Apple-haters, telling me what a loser I was, for sticking with them.
Funnily enough, I've not felt like hating anyone back. Never worked for me.
I never understood the tribalism. For nearly a decade now I have used Windows, Linux, and Macs essentially daily. I have an Ubuntu desktop in my shop, a variety of Debian servers in the cloud, a Windows desktop in my office, a Mac Mini in my bedroom, a MacBook in my bag, and a handful of iPhones/iPads everywhere else. They’re useful for different applications and workflows, and it’s not that difficult to adapt to where they all feel natural. I recognize I’m the weird one though, and I rather enjoy learning new interfaces (I switch my default web browser every few years for “fun” and as a maintenance strategy (kind of like an especially opinionated factory reset).
15 years ago I was thinking about switching my career to a different industry altogether, just didn't know what it would be. One thing I knew was that I was so tired of building web sites and backends. Boring, repetitive, uninspiring.
Then a friend asked me to write a simple iPhone app. I had no idea what development for Apple platforms would be like...
Fast forward to 2026, I'm 57 now, still in tech, building apps for Apple platforms, still enjoying it very much.
The durability of their products still surprises me. I still own and use iPhone 11 (still it is my first iPhone when I switched from Android). Still getting latest iOS updates and functioning very well and may last for 2 more years. What other phone could do this?
I’ve had the exact opposite journey. Native apps, disillusioned and frustrated with the backwards tooling, moved on to more open platforms (web apps and backends)
I’m curious what you find “backwards” about native tooling. I know the sentiment is common, and there must be some truth to it. But my partner works in web infra and frequently laments her inability to trace a single request through her company’s monolith while trying to reconstruct a failure from logs, and I am baffled that there’s no equivalent to attaching a debugger and stepping through execution.
How does Codex mac app compare with Cursor? If anyone who tried both can explain here?
My experience with Cursor is generally good and I like that it gives me UX of using VS Code and also allows selection of multiple models to choose if one model is stuck on the prompt and does not work.
Coding agents with full automation like this require a different workflow that is almost purely conversational compared to Cursor/Windsurf/VS Code. It requires more trust in the model (but you can always keep Cursor open off to the side and verify its edits). But, once you get into the right rhythm with it, it can be _really_ powerful.
from my research I know that in years where SnP500 drops too much (recessionary periods), BRK-B would soften the blow as Value stocks tend to do well in such times. And usually that works for me.
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