CRUX's Penny: Navigating 'overbuying' in the UK market

The polarisation of perspectives on the UK market has continued throughout 2020.

For some, the belief continues that all one has to do is buy stocks that are at higher valuation points and perceived to provide safety of earnings, such as Rentokil or Unilever. For others, the view is that the UK small-cap market is the only cheap asset category within the UK. However. buying into this area continues to be unattractive.  John Redwood: Why a repeat of the 2019 share price 'surge' is unlikely It is within this context that the quote, credited to American investor Benjamin Graham, springs to mind: "In the short run, the stockmarket is a voting machine. Yet in the lo...