Valuation is so crucial to long term investment success but so poorly understood. 100 years of data on US equities shows the record. The current CAPE value is 25. What are your expectations?
https://mebfaber.com/2014/04/15/a-spectrum-of-possibilities-probabilities/
Tax-Efficient Investing: How the Right Strategy Saves You Hundreds of Thousands
Effective compounding and tax minimization are not competing goals. They reinforce each other. The discipline that drives superior long-term compounding uses aggressive risk management to minimize drawdowns and so also
