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Welcome to Office Hours with PropG. This is the part of the show where we answer your questions about business, big tech, entrepreneurship, and whatever else is on your mind. Anyways. Or anyway. Excuse me. Anyway. That's right. Chelsea Handler gave me shit for saying anyways all the time. So anyway. If you'd like to submit a question for next time, you can send a voice

recording to office hours of Propgiummedia.com. Again, that's Office Hours of Proptumedia.com. Or post your questions on the Scott Galloway subreddit, and we just might feature it in our next episode. I don't go to the subreddit is sometimes they say mean things about me and it hurts my feelings. It hurts my feelings.

Anyways, our first question comes from John from the UK.

John says,

Dear Scott, times they say mean things about me and it hurts my feelings. It hurts my feelings. Anyways,

our first question comes from John from the UK. John says, Dear Scott, love the podcast.

Thanks, John. My question is on the investment time horizon. I've heard your recent comments on

investing in U.S. equities versus international equities and the relative returns 2026 year-to-date

for each. If we're looking at a time horizon,

decades, in my case, two plus decades, does that change your view? For such a long time horizon,

do you still recommend low-cost index funds? If so, U.S. Focus or others, thanks.

Okay, so the question does a 20-year-plus time horizon change the case for U.S.

Focus versus globally diversified

low-cost index funds. If you look at the past few decades, what you see is that leadership

is cyclical, not permanent, and that is the U.S. dominated markets or global markets for the

past 15 years, but international equities led for much of the 70s, 80s, and again through the 2000s.

So it is cyclical from 2010 to 24,

...