The past 12 years have made investing look awfully easy: If you’d plopped $200,000 into an S&P 500 index fund early in 2009, you would have about $1 million today. But Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, argues that advisors shouldn’t write off strategies or investments that have fallen out of favor, like active management, international stocks, or value stocks. “All those things are going to work again,” she says.
In a wide-ranging interview with Barron’s Advisor, Shalett talks about…
