It is strange enough that, over the last two years, the S&P 500 has gone up around 40%, without earnings growth. However, looking at how those earnings have been generated, it becomes clear that we are living in some kind of “Asset Price Distortion Field”.

The Craft of Investing
This article reveals what that craft actually is, why the low-risk road produces higher long-term returns, and how investors can build a disciplined edge that survives, and even thrives, in

