Takeaways:

1. Investing has appeared deceptively simple over the past fifteen years, creating a false sense of security.
2. In 2025, international stocks significantly outperformed US stocks, revealing the dangers of home country bias.
3. The market dynamics shifted, as small-cap value companies in Europe and Japan yielded exceptional returns.
4. Recency bias can lead investors to misjudge future performance based on past results, causing financial anxiety.
5. A balanced portfolio, inclusive of international investments, is essential for long-term wealth protection.
6. Diversification across asset classes, including bonds, is crucial, as market winners rotate over time.