I think the overall stock market is fundamentally overvalued terms of the price earnings ratio, and that it's very much supported by the fed. What about passive value funds, value index funds? Well, i think now you're really betting that the stock market is is reasonally priced. I think we have too many people that are irrationally investing to day ad too many computer programes that arerobo investing too much money. But a lot of these stock pickers, if you're talking about mutual fund o money managers, about three quarters of them uner perform the market in a given year.

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