Meb and Peter pick up where they left off in part one with a discussion on shareholder yield. They talk about the importance of capital allocation and how it applies to shareholder yield. Meb shares his thoughts on some of the positives and negatives of various investment approaches. Peter shares his thoughts on different restrictions on diversification and foreign investment, and the two discuss possibilities for global diversification. They conclude the show with a word association game pertaining to capital markets.

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