These articles reflect the personal opinions and viewpoints of the authors and should not be regarded as a description of the advisory services provided by Fisher Investments. Fisher Investments manages its clients' accounts using a variety of techniques not necessarily discussed in these articles. Nothing in these articles constitutes investment advice or any recommendation with respect to a particular country, sector, industry, security or portfolio of securities. No assurance can be made regarding the profitability of any security mentioned or regarding the accuracy of any forecase made. Not all past forecasts were, nor future forecasts may be. as accurate as those presented. Past performance is no guarantee of future returns.