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TPL - Turning Over More Rocks For Small Caps In 2020
Texas Pacific Land Trust
2019 finishes with an extra kick for investors. Part of that is the continued strong run of the market, erasing memories of last year's near bear market and extending the decade-long bull. There also are plenty of market headlines and events that have sprung over the end of the year, from Phase 1 trade deals to M&A to political whirlwinds and more.
More trivially, the 2010s are ending and the 2020s begin. It has been quite a decade for equity investors, with the S&P 500 returning more than 250% in that time. Even underperformance could