Subject: Re: euros
Sorry to butt into this euro conversation…
For a know-nothing US based investor with all USD assets trying to hedge against the dollar falling over time, would it be “easier/safer” to buy a basket of foreign stocks rather than foreign currencies?
I see the dollar has gained about 40% since around 2012 to today. Is it logical to think that the dollar could fall 40% over the next 10 years or so while the US struggles with its bad decisions? Cutting my purchase power (or net worth?) by 40% basically?
Sorry to sound so obtuse, but I am when it comes to thinking about investments globally. It’s been so easy to just let it ride for the last 30 years on Berkshire and cash, and what I thought was our stable currency. Now I’m in need of a quick education. Smh.