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Investing Outside America Is a Depressing Repeat of Familiar Pattern

World stocks are once again at new highs, finally surpassing levels from January last year after a turbulent period dominated by recession and trade war fears. Global investors shouldn’t relax. In fact, the new high for the MSCI All-Country World Index set on Thursday is really just another sign that investing outside the U.S. has…

World stocks are once again at new highs, finally surpassing levels from January last year after a turbulent period dominated by recession and trade war fears.

Global investors shouldn’t relax. In fact, the new high for the MSCI All-Country World Index set on Thursday is really just another sign that investing outside the U.S. has for the most part been a waste of effort for years.

Of…

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