Marathon Asset Management and Brad Richards oversee a cool $12.5 billion in assets.
Richards thinks that U.S. equity markets at best are likely to return 3 to 5% in the coming years given current valuations.
Of course we all know that 3 to 5% doesn't necessarily mean that we will be taking a straight line to get there.
The place to look for opportunities, according to Richards. is Europe, where quantitative easing is just getting started, and the banks are healing.
Sounds a lot like the United States back in 2009 when the bull market was just taking off doesn't it?
