4 Comments
User's avatar
TSOH Investment Research's avatar

I need to reread this a few times.

Great work as always Larry.

Expand full comment
Forbes Jamieson's avatar

Very kind - thanks Alex

Expand full comment
Paul Drake's avatar

In my view the potential for valuation compression is the main weakness of approaches emphasizing total return.

Expand full comment
Edmund Simms's avatar

Well put, Larry.

Expand full comment