Update (12/31/2022):
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Jan 17, 2022 3:55 pm
Take a look at this article (Capital Sponge, by Lyn Alden Schwartzer). What does it portend for the future US equity returns? In very well could be a rough couple of years.
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Jan 17, 2022 5:03 pm
Good article. Thanks for sharing. I always like her commentary. Very well researched and always original. All good points.
My biggest concern: higher inflation, higher interest rates, will take away the need for high multiples.