"I'm 90%-plus now," says Vanguard's retiring CIO Gus Sauter, of his personal allocation to...

|About: Vanguard Total Stock Mar... (VTI)|By:, SA News Editor

"I'm 90%-plus now," says Vanguard's retiring CIO Gus Sauter, of his personal allocation to stocks. "Everyone is worried about the stock market. That's when the market is set up to do well." That stocks need strong economic growth is a shibboleth, he says. A better predictor of future returns is valuation, and on that score, the market remains cheap.