Don't Get Too Excited by Emerging Mkt Stocks (Patreon)

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US stocks command a higher valuation compared to many international markets, but this premium is largely justified by their track record of stronger historical earnings growth and higher shareholder payouts. Over decades, the S&P 500 has delivered robust average annual returns-about 10% since 1957 - driven by consistent earnings expansion and resilience through various economic cycles. For example, S&P 500 earnings growth rates have outpaced those of other developed markets, supporting higher stock prices and investor confidence.

Also rem S&P 500 Returns are driven by Disruption.... all the gains are driven by 7 names