The industry is now a multitrillion-dollar business, and that kind of size inevitably leads to disappointing results.
After an incredible 15 years for U.S. public and private equities, investors shouldn't count on history repeating.
Lower valuations and higher dividend yields mean value stocks typically outperform in the long run.
Differences in valuation and profitability complicate the investing analysis. Consider using the PEP ratio.
Excluding the tech heavyweights, the S&P 500's price-earnings ratio falls from 28 to 24, hardly a bargain.
Advisors have no financial incentive to transition their clients to off-the-rack ETF offerings.
Bets on unprofitable companies are tamer than usual, signaling tempered zeal for equities.
Direct lending has a veneer of stability that could easily be punctured by higher rates and a downturn.
Just five tech stocks account for 24% of the index, but the concentration helps stabilize the risk of investing over time.
Unless changes are made, AI may also result in deeper financial and social inequality.
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