These are difficult times for investors who believe in value. With the S&P trading at higher valuations than it has for 90% of the last century, it is hardly a time to pile in. Yet the market continues to move up. Indeed, almost all assets and markets are up, in perhaps one last hurrah as the Federal Reserve prepares to remove the punch bowl and the party starts to winds down. There will be a reckoning, leaving many casualties in its wake, but meanwhile the cautious are left behind. Finish reading here: Portfolio Review 2017 3Q