Here are what I do with some tricky glyphs:
If anything, I think for Americans overweighting international stocks would make more sense, since we're already very long on the US. Similarly, if there were an index fund that excluded tech I think that would be a good buy for me since I'm effectively quite long there through my investment of being a programmer.
What's going on? Why does "index fund" typically mean "S&P 500" and not "total world"?
(It looks like maybe this is called "home bias" and economists think people shouldn't do it?)
Status works because of consensus: if there are a hundred people in a village each one can't think they're the highest status villager. But it only requires local consensus: if the villagers have a model of status that goes:
highest status villager > lowest status villager > outsidersthat's more or less going to work fine for them. And every other village can have the same view, which means everyone can be near the top of the status hierarchy that's salient to them.
I'd been checking used markets occasionally, and last week I saw a listing and ordered one!
I wanted to write this up because people often write to ask me this, generally because they're considering going and getting a Masters in Computer Science to become more employable. I almost always recommend against that: