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Barron's | July 31, 2020
RICHARD SAPERSTEIN, BARRON’S SIXTH-RANKED advisor nationwide, sees many risks to stocks, from a possible intensification of Covid-19 to disappointing earnings in 2021. But that hasn’t stopped him from crafting portfolios dominated by equities – albeit chosen selectively and with a U.S. heavy growth tilt. “The multiple on equities will be higher when you basically have a zero-interest-rate environment,” says Saperstein, founder and chief investment officer at New York-based Treasury Partners, which manages $9 billion of client assets.
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