Good article. It's no surprise private equity folks are trying to hook the average investor into private equity, given that institutional investors are increasingly wising up to the shortcomings and poor performance of their private equity investments. It may have been the case there were spectacular returns to be had in the space, but with more and more funds being established and more and more money thrown at private equity investments, the chances of being one of those big winners have substantially diminished. The average investor should leave private equity investing to the institutions, in my opinion.
Every once in a while, foreign stocks will outperform domestic stocks, but I don't think that is sufficient to justify an outsized exposure to foreign stocks. If you aren't aware of the historic performance of foreign stocks versus domestic stocks, I would strongly urge you to look it up pronto. On a total portfolio basis, investing 60-70% of the portfolio in stocks with exposure to foreign stocks limited to 15-20% seems about right to me, absent particular reasons to skew the portfolio one way or another.
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Good article. It's no surprise private equity folks are trying to hook the average investor into private equity, given that institutional investors are increasingly wising up to the shortcomings and poor performance of their private equity investments. It may have been the case there were spectacular returns to be had in the space, but with more and more funds being established and more and more money thrown at private equity investments, the chances of being one of those big winners have substantially diminished. The average investor should leave private equity investing to the institutions, in my opinion.
Post: Endowment Lessons
Link to comment from February 21, 2026
Every once in a while, foreign stocks will outperform domestic stocks, but I don't think that is sufficient to justify an outsized exposure to foreign stocks. If you aren't aware of the historic performance of foreign stocks versus domestic stocks, I would strongly urge you to look it up pronto. On a total portfolio basis, investing 60-70% of the portfolio in stocks with exposure to foreign stocks limited to 15-20% seems about right to me, absent particular reasons to skew the portfolio one way or another.
Post: Taxes on foreign stocks
Link to comment from February 21, 2026