The risks of underinvesting in a stock market bubble

There is a recurring question being posed by investors right now - is there going to be a stock market crash? There is a very simple answer to this question: there could be. Booms and crashes are part and parcel of the market cycle. This might be obvious, bordering on facetious. But one thing it isn't, is helpful. What people really want to know is whether a correction in share prices is imminent, and preferably the time and date on which it will happen. Could it happen in 2026? It could. But equally, the market could rise another 20%, 50% or (who knows) 100%, before share prices take...