Subject: Re: OT, markets rise
However, during this period, buying into the narrative that the index was overvalued, and therefore not aggressively investing into it, has been an Epic Blunder."

With all due respect, losing half your capital in a market meltdown when the market was obviously overvalued would have been an Epic Blunder. Moderately underperforming the hottest, riskiest market in history that has defied all expectations is at most a small embarrassment, and more probably a sign of good judgment.

abromber