Vanguard Sins, Stocks Appear Pricey, and Private Equity Gets Tough

Vanguard Civil Penalty: https://t.e2ma.net/message/te1hvj/10nseylc

WSJ: U.S. Stocks Are Now Pricier Than They Were in the Dot-Com Era: https://www.wsj.com/finance/stocks/stock-market-valuation-highs-ac291e72?st=hWVGE5&reflink=article_email_share

Yale's Trendsetting Private-Equity Strategy Is Getting Harder to Pull Off: https://www.wsj.com/finance/investing/yales-trendsetting-private-equity-strategy-is-getting-harder-to-pull-off-b06741eb?st=xkkNiD&reflink=article_email_share