So, I keep hearing that markets are broken, or that the market is as expensive as ever. I know I keep saying this and I am sounding like a broken record, but I am not so sure. Well, let’s take one thing at a time. Are the markets really broken? Someone said this implying that value investing doesn’t work anymore as passive indexing has taken over and nobody is valuing individual stocks anymore. This may be true to some extent. If this is true, it may become even more so over time. One of ...
