Return Forecast
Oct
15
2021
Long-Term Returns: You Wanted The Best, You Got The Best!
In a possible sign we’re not getting enough oxygen at current valuation altitudes, we decided to replace the usual mean-reversion technique with a much friendlier approach that we’ve dubbed “maximum attraction.”
Jul
08
2020
Low Single Digits?
We encourage diversity of thought in our shop, but even pessimists among our ranks have a hard time making the case for a ten-year negative return for U.S. stocks, which was recently predicted by the founder of a large hedge fund.