Summary: While the US stock market is so overvalued that some forecasters believe returns will be 1-3% p.a. for the next ten years, we believe investors in Great Businesses, the select few companies that have wide moats and are trading at or below their fair value will do much better. Our US stock portfolio has exceeded our expectations and we look forward to offering this in an international and global portfolio over the next year. Please reach out to Ken if you are interested in learning more about this.
