Howard Marks has long warned that periods of strong market returns are often followed by long stretches of underperformance. With valuations high and interest rates no longer near zero, Marks believes passive investing is now dangerous complacency.

Valuations Matter More Than Ever
Buying expensive assets means accepting weaker future returns.

‍Past Returns Won’t Repeat
The stimulus-driven bull run of the 2010s is over.

Passive Flows Distort Markets
Capital is being funneled into the biggest companies regardless of fundamentals.

When the most respected names in finance—Goldman Sachs, Howard Marks, and Mohnish Pabrai—are all warning the same thing, it’s a clear pattern. We believe the S&P 500 is unlikely to deliver the returns investors have come to expect because it's overvalued and overly concentrated.

We believe you can’t count on passive index investing to deliver real wealth in a low-return era. We believe at Super Value Investors we give you the solution to outperform the market by investing with a research-led copycat investing strategy's of the best value investors in the world.