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There are some good things in this article.
Throughout market history, investors have repeatedly abandoned this simple principle during periods where bull market advances seemed to defy logic. Ultimately, those investors paid a dear price for their speculation as the reality of "overpaying for value" led to poor financial outcomes.
The market's surge higher since the financial crisis, which has been driven by massive fiscal and monetary policies, has been nothing short of extraordinary.
As Michael Lebowitz, CFA, previously noted:
"As a result of these behaviors and actions, we have witnessed an anomaly in what has historically spelled success for investors. Stronger companies with predictable income generation and solid balance sheets have grossly underperformed companies with unreliable earnings and over-burdened balance sheets. The prospect of majestic future growth has trumped dependable growth. Companies with little to no income and massive debts have been the winners."
I would like to go behind well-established stronger companies with predictable income generation and solid balance sheets. If they are cash cow, zero debt or low debt then it is a plus point. Given the current situation, I would pu