Why there’s no reason to fear buying stocks at record highs

Steve Goldstein
Why there’s no reason to fear buying stocks at record highs

In a blog post, Meb Faber, co-founder and chief investment officer of Cambria Investment Management, found that buying stocks at all-time peaks — and otherwise being in government bonds — returned more than just holding stocks. Faber did point out that he wasn’t suggesting buying at highs as a strategy, but merely pointing out that it’s no reason not to purchase equities.