It’s a fair question. The U.S. market has been a strong performer, and it’s natural to wonder whether international exposure is worth keeping. Here’s the case for it: non-U.S. stocks trade at a 35% discount to U.S. stocks for each dollar of earnings. That meaningful valuation gap suggests there could be real long-term opportunity in international markets, even if their recent growth has been more moderate. Diversification — including across geographies — helps reduce the risk that any one market’s downturn has an outsized effect on your overall portfolio.