The Dark Decade (Or The Investment Renaissance)

Stocks are expensive. Yes, we can debate at length about whether today’s premium valuations are justified or not. But they are still expensive today. And if history is any guide, this does not bode well for stock market returns in the decade ahead. But just because the stock market itself may not be setting up to do well over the next decade is not necessarily a bad thing. In fact, it may present an important time for rediscovery for what is starting to become a lost art in stock investing today.

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