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How to Outperform a Static Basket of Stocks
When stocks are expensive, it's because they're doing great and everybody loves them. Are there problems that the market is not paying attention to that are likely to come up in several years? So there are ways to do this. If you're smart and you have basic principles, over a long run, I think you're going to outperform just a static basket of stocks where you're just going to pay whatever price the market is demanding.