In December 2017, Evergreen ran three consecutive newsletters on that period’s investment zeitgeist: an uncontrollable, insatiable, and undeniable appetite for risk. This enthusiasm for risk manifested itself in an other-worldly rise in some of the planet’s most speculative assets.

Reputations are hard to shake, even those that are unfairly attributed.  In my case, this was a function of my frequent warnings that stocks were overpriced for most of the second half of the former 10-year bull market.