By coinnews 
00:00:00 Speaker A
Why, Troy, did you say that you probably wanna avoid international?
00:00:07 Troy
Yeah, so international, look, it’s very basic. Again, so many of these things are very basic, right? You need nominal GDP growth and or a combination of secular trends to drive revenue growth in order to drive earnings and EBITDA and free cash flow growth. And so, you know, Europe’s Europe, we’re rooting for Germany, hope their fiscal stimulus gets things done, helps jump start that economy to grow at 1 or 1 and a half, or hey, maybe even 2%. Um, and the US, look, we’re we’re a 5, 5 and a half percent nominal GDP economy now. Um, so so you’re getting much better revenue growth, much better earnings growth. And then if you look at the character of the companies, right? Not not that there aren’t great companies overseas, there’s a handful of them. But the most important systemic companies that are traded today are listed in the US and they still have the great, uh, the best growth prospects. So, you know, I get that international’s cheap, but it’s arguably cheap for a reason, and in the short term, yes, you did have a period of European institutions rotating out of US exposure for very widely publicized reasons. But we think of that is more of a countertrend rally in the midst of a long-term, uh, dispersion of return outcomes between US assets and international assets. And so the beat goes on. It’s almost same as it ever was, so to speak.