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Focus on expected returns from conservatively forecast cash flows and not on the false precision of academic models, writes Morningstar’s Sam Lee.
The potential for another bruising budget battle in January, uncertainty over health insurance, and doubt about Fed policy are likely contributing to the sour views.
Morningstar ETF Invest Conference panelists discuss the similarities, differences, and appeal of these two strategies in today's low-growth, low-return, and high-volatility market.