Subject: US vs int'l stocks: Change coming?

I believe that US stocks has outperformed non-US stocks over the past couple of decades. US companies have led in many areas of technology, such as software, engineering, biotech, etc. In my opinion this is largely due to the very strong university system in the US (especially research universities), that attracts talent from all over the world. Many tech giants started in the outskirts of Boston, Palo Alto, LA, SF, Seatle, etc., with talent grown in nearby research univerisities. Many of our tech innovators have come through MIT, Stanford, UC Berkeley and others. Even Musk came here to attend Stanford in Materials Science, though he deferred admission to start companies, where he hired US graduates in STEM.

It is clear that the US academic system is under attack, not just in liberal arts and gender studies, but in all STEM fields as well. Research universities in the US have depended on competitive grants from NIH, NSF, NASA, EPA, USDA to run their PhD programs in STEM fields. All of these agencies are being drastically cut. The top research universities are cutting way back on graduate students in STEM next year, and some top universities are right now rescinding admissions offers they have already made, due to funding cuts in STEM fields.

I am wondering if the US just killed the goose that lays the golden eggs. Turning the US education system into a punching bag might be a really bad decision for the economy going forward, perhaps for decades.

The US may no longer attract the best from all over the world.

I may re-balance my investments to much more international index, and much less US index. It's been a great run for the US, but I think it might be time to re-balance. Feel free to talk me out of it.

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