Regardless of whether you believe the stock market is overvalued or undervalued, one thing we can all agree upon is that stocks have been stellar performers.
The S&P 500 (NYSEARCA:SPY) has risen five consecutive years and gained around 228% since bottoming at market lows in March 2009. Over that same period,
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“The investor’s chief problem—and even his worst enemy—is likely to be himself,” once quipped the great Benjamin Graham.
The truth of Graham’s observation is seen in the consistent pattern of mutual fund investors to self-destruct.
AUDIO: Listen to Ron DeLegge @ The Index Investing Show
Over the past 30 years,
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