Financial advice consolidation in the UK has put private equity in control of hundreds of firms. Here's what vertical integration and hidden conflicts mean for your money.
New research analysing 153 years of US market data reveals why expected stock returns over the next decade are likely to disappoint. The three forces driving returns — dividends, earnings growth, and P/E changes — rarely pull together when valuations are stretched. With the Shiller CAPE at 40 for only the second time in history, the maths suggests caution. Here's what disciplined investors should do.
Robin Powell
Jan 38 min read
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