The Illusion of Global Diversification

People think the MSCI World is “global diversification.” <break time="1.0s" /> Sounds huge. Sounds safe.

Sounds diversified. <break time="1.0s" /> But over seventy-two percent is just the United States. <break time="1.0s" />

And inside the U.S.? Seven companies dominate everything. The Magnificent Seven. <break time="1.0s" />

They make up thirty-seven percent of the S&P 500. <break time="1.0s" /> And over thirty percent

of all MSCI World returns. From seven companies. <break time="1.0s" /> You think you’re investing in the

whole world. But you’re not. You’re concentrated in seven tech stocks. With a thousand

logos to hide the truth. <break time="1.0s" /> Diversification only matters if it’s real.

Bitcoin teaches you to look deeper. <break time="1.0s" />