Cullen Roche says valuations are a poor market-timing tool but useful for assessing sequence-of-returns risk. The argument challenges a common investing assumption and sharpens how valuations may matter in portfolio planning.
published
Cullen Roche says valuations are a poor market-timing tool but useful for assessing sequence-of-returns risk. The argument challenges a common investing assumption and sharpens how valuations may matter in portfolio planning.
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