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Are Stocks Overvalued? A Survey of Equity Valuation ModelsWe revisit the most commonly used equity valuation tools, comparing their respective strengths and weaknesses, and explain our approach to valuation. No matter the measurement, U.S. equity prices are high and long-term expected returns are low.​

Fundamentals of the Fundamental IndexThe Fundamental Index™ strategy—now boasting a 10-year track record of actual results—has transformed equity investing in the United States and around the world. See and hear how it works and why it might be a sensible choice for your portfolio.​​
The Market for “Lemons": A Lesson for Dividend InvestorsLike buying a used car, buying bargain equities can mean nasty surprises. Measuring the quality—reducing our information asymmetry—of the companies we are considering buying can improve our investment returns by screening out the inevitable lemons.

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The Whole Story: Factors + Asset ClassesSome of the investment industry’s best thinkers discussed their work at a Research Affiliates meeting. Jason Hsu’s report emphasizes that factor-based investing is incomplete unless it’s paired with an asset-based approach.
The Danger in "Debalancing"Maintaining a well-balanced portfolio when one or more of its strategies is underperforming may be—just like getting a preschooler to eat a well-balanced diet—viewed as a most unpalatable option!
Slow Growth: A Tale of Two TheoriesGlobal demand is dragging. Savings far exceeds investment. The combination is a surefire recipe for long-term low to negative growth in the developed markets—and core U.S. asset returns of 1% or lower over the next decade.

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