ACWI: A Global ETF With U.S.-Sized Valuation Risks

Group 1 - The S&P 500 and NASDAQ are reaching new all-time highs, with valuations significantly above historical averages, suggesting a potential need for international diversification in investment strategies [1] Group 2 - Philipp is a value investor with nearly 20 years of experience, focusing on global investment opportunities and seeking undervalued companies that provide a significant margin of safety, attractive dividend yields, and returns [2] - The investment strategy emphasizes understanding companies thoroughly and assessing their future growth potential, particularly favoring those with a solid earnings track record trading at less than 8 times free cash flow [2]