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Home Bias refers to the tendency to invest more heavily in one’s domestic equity market than global market-value proportions would suggest. When Warren Buffett advises his heirs to put 90% of their inheritance in the S&P 500 (SPY,Voo) and the rest in US Treasuries (SHV), that’s an (extreme) example of the kind of Home Bias we’re talking about. At the other end of the spectrum, an investor from Switzerland investing even 10% of her wealth in Swiss stocks (EWL, FLSW), would be showing a high degree of Home Bias