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THIS WEEK’S FOCUS

Most investors think they're diversified because they own twenty different stocks. But if all twenty are American companies, you're making one giant bet on a single country's economy. Real diversification requires looking beyond borders.

This week, I'm sharing two videos that challenge conventional thinking: one on building truly global portfolios, and another on what we can learn from Terry Smith, a British investor who's quietly beaten most of his peers by doing very little.

LATEST FROM THE CHANNEL
Best International ETFs

If the U.S. market stumbles, where does that leave your retirement? I've analyzed international ETFs across five categories, including: fees, returns, dividend yield, and growth, to find which ones deserve a place in a serious portfolio.

The results might surprise you. Some popular choices fell short, while lesser-known funds rose to the top.

This isn't about abandoning American stocks; it's about not putting all your chips on one country's future. Real diversification means your wealth isn't hostage to a single nation's political or economic missteps.

TODAY’S PARTNER

How High-Net-Worth Families Invest Beyond the Balance Sheet

Every year, Long Angle surveys its private member community — entrepreneurs, executives, and investors with portfolios from $5M to $100M — to understand how they allocate their time, money, and trust.

The 2025 High-Net-Worth Professional Services Report reveals what today’s wealthy families value most, what disappoints them, and where satisfaction truly comes from.

From wealth management to wellness, from private schools to personal trainers — this study uncovers how the top 1% make choices that reflect their real priorities. You’ll see which services bring the greatest satisfaction, which feel merely transactional, and how spending patterns reveal what matters most to affluent households.

  • Benchmark your household’s service spending against peers with $5–25M portfolios.

  • Learn why emotional well-being often outranks financial optimization.

  • See which services families are most likely to change — and which they’ll never give up.

  • Understand generational differences shaping how the wealthy live, work, and parent.

See how your spending, satisfaction, and priorities compare to your peers. Download the report here.

FROM THE ARCHIVE
Five Lessons from Terry Smith

Terry Smith has been called the English Warren Buffett, and his track record suggests the comparison isn't hyperbole. But what makes his approach work?

I've distilled his philosophy into five essential lessons, from buying great companies to the counterintuitive power of doing nothing. The most valuable insight might be his framework for identifying quality businesses—it's simpler than you'd expect but rarely practiced.

If you've ever wondered what separates patient wealth-builders from frantic traders, Smith's principles offer a masterclass in restraint and focus.

GO DEEPER

If you're ready to go deeper, I've built tools and courses for serious students: my Analysis Library, Intrinsic Value Calculators, and the Stock Investing Academy. These aren't get-rich-quick shortcuts—they're the infrastructure for patient, intelligent investing.

Get access to our great tools:

  • Analysis Library

  • Analysis Table PRO

  • Smart Money Portfolios

  • 4 Intrinsic Value Calculators

Get access to our:

  • Stock Investing Academy

and learn how to make your money work for you.

WHAT I USE (AND RECOMMEND)

These are the tools I actually use in my own research and investing. Each link includes a special discount for readers.

THANKS FOR READING!

For more stock breakdowns, portfolio reviews, and investing strategies:

Until next week,

Bald Investor

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