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September 01, 2020 1:39pm
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Friday File: The Dumb Thing I Did This Week (plus hopefully some smarter stuff)

The market continues to trade at a very high multiple, which means that we should expect the returns from the broad market indexes to be weaker than average over the next decade (probably averaging a few percent per year, versus the historic average of near 10%). That doesn’t mean the market is going to come […]
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