By Vitaliy N. Katsenelson, CFA The world today is riddled with unique economic, political, and demographic risks. Finding attractively priced assets that will perform well in spite of these challenges is excruciatingly difficult. For investors, though, one segment of the market – the highest-quality stocks – still offers attractive risk-adjusted returns. First, it’s important to understand the risks that make most other asset classes perilous in the current environment. Where to begin? China, the world’s second largest economy, is facing an enormous overcapacity bubble in…
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