Dave Chilton

You talked about how they tend to be overweight in the home country.

So in Canada,

Our percentage of the world weighting is about 3%, oscillates between 3% and 4%.

You may have in many of these funds as much as 25% to 30%, even 33% type thing.

And you said that can be a good thing.

Why is that a good thing?

I mean, it de-risks the currency risk a little bit.

But why else do you like that?

What's interesting too is, I don't know if it was the same study, but one of the studies says that if you have a bigger home bias, you are more likely to have a longer holding period too.

Oh, is that right?

I'm not sure why that works.

I'm wondering if it goes back to the data of 10 and 20 years ago where they said some people are comforted seeing familiar names in the portfolio.

It might be that psychological aspect of it.

By the way, I mean, Ben Felix, if he's listening to this, is not going to be happy that you couldn't remember.

I'm Dave Chiltman.

It's good to have you on the Wealthy Barber Podcast.

Ben right now has not only got the guy's name, but can tell you his birth date and his social insurance number.

So he's not happy that you slept up there.

We're not the same.

Oh man, his memory for that stuff is crazy.