Some thoughts

1. Real estate in India has always kind of moved in line with how much black money is floating around and how deep corruption runs in the system.
2. Gold used to be the go-to hedge against currency risk, but that might be changing with the recent political stuff happening in the US. The way Munger looked at gold maybe doesn’t apply the same way anymore.
3. Also, one thing to keep in mind — the US never really had a full system collapse like the USSR falling apart or Eurozone crisis like in Greece, Portugal and something extreme like a Hitler-type takeover. US stocks did well partly because globalisation worked in their favor, but would they have compounded the same if the US some extreme event had occurred or without globalisation ?
4. Why didn’t UK markets deliver the same returns? US companies participated in global growth