MLPs – An Early Christmas Present by Evergreen Gavekal “It is madness to risk losing what you need in pursuing what you simply desire.” – Warren Buffett [buffett] EVERGREEN VIRTUAL ADVISOR Almost all investors today are in need of better valuations to support their long-term return prospects and/or better cash flow to fund their ongoing spending needs. The problem is that almost everything has been overvalued for the past several years. This “purgatory of low returns” left investors with a limited list of uncomfortable options: (1) reach for ever-shrinking yield, (2) chase capital gains in overvalued markets, or (3) sit…
MLPs – An Early Christmas Present
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