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The tables, the numbers… they are not data, but bureaucratic pronouncements. A ritualistic accounting of what is, and what might be, lost. Observe the expense ratios: SPGM at 0.09%, ACWX at 0.32%. A seemingly negligible difference, yet it represents a small levy, a toll exacted for the privilege of participating. The one-year returns—20.62% for SPGM, 31.86% for ACWX—are presented as evidence of success, but they are merely fleeting indicators, susceptible to the whims of forces beyond our comprehension. The dividend yields—1.83% and 2.7%, respectively—are offered as sustenance, a meager offering to appease the anxious investor.

Investing, of course, is rarely about logic, but rather about the exquisitely timed embrace of the improbable. And so, before one succumbs to the siren song of this particular speculation, a moment of clarity is advisable. Let us examine, with a detached amusement, the three principal illusions upon which this venture rests.

But amidst this general delirium, a certain… anomaly presents itself. A company, seemingly content to build warehouses and deliver parcels, has somehow become entangled in this digital web. It is not a pure play, mind you, not a sleek, dedicated machine built solely for the pursuit of algorithmic perfection. No, this creature, Amazon (AMZN +2.12%), is something… older. A sprawling, ungainly beast, rooted in the mundane realities of commerce, yet somehow capable of adapting to this new, ethereal landscape.

While many such funds dutifully track the broad American market – the S&P 500 being the most prominent example – opportunities exist beyond these well-trodden paths. The search for value, however, demands a willingness to look beyond the familiar. Recent performance of the iShares MSCI South Korea ETF (NYSEMKT: EWY) warrants, if not celebration, at least a dispassionate examination.

“Infrastructure expands what we can deliver. Innovation expands what intelligence can do. Adoption expands who can use it. Revenue funds the next leap.” A circular logic, perhaps, but one that resonates with the fundamental principles of value creation. The algorithm demands its treasury, and the treasury, in turn, fuels the algorithm. A delicate balance, and one that will determine the fate of this curious enterprise.

Some are saying it’s too late to get in. They always say that. I say, don’t let the recent climb scare you. There’s a reason for it, and it’s not just luck. It’s a shift, a change in the air, and Micron is right in the thick of it.

One might ask, what dark portents does this signify? Is it a premonition of Tesla’s inevitable descent from its lofty perch? Or simply a man, weary of chasing phantom valuations, seeking the comforting solidity of a company that, at least, knows how to make something tangible? The answer, as always, is likely a blend of both, seasoned with a dash of pure, unadulterated human folly.