In America, it was a week of momentous change, as one president’s term ended and another’s began. But on Wall Street, it was business as usual: The stock market hit another high, and the biggest tech stocks continued to soar. Small wonder that many investors now decry a dearth of bargains—except for those who still think Tesla is cheap at 200 times earnings, and those who know how to spot genuine deals.

The members of the Barron’s Roundtable belong to the second group, as you’ll see from this week’s Roundtable installment,…



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