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/

The Unbeatable Investment Management Combination
Conventional asset management isn’t just underperforming. It has structural failures that most investors have never examined. Compounding is the real engine of wealth, and optimal compounding requires proactive processes to

