With US market at nosebleed valuations, can we still find value and yield? Turning to astute investors’ favorite three-letter acronym. C-E-Fs. Forbes global media have shared a handful of closed-end funds (CEFs), that are surprisingly getting no love from Wall Street. This is perfect because there’s about dividends up to 14% and discounts between 10% & 15%. In other words, these fat cash cows are trading for 85 to 90 cents on the dollar. What is there not to like about them? 2nd Level Thinking. In fact, renowned billionaire investor Howard Marks called this “second-level thinking.” It’s looking past the consensus belief about an investment to map out a range of probabilities to locate value. It is possible to find secure yields of 6% or more in today’s market – it just requires a secon