Most investors are aware that Robert Shiller published research in 1981 showing that valuations affect long-term returns and that he was awarded a Nobel prize for doing so because of the importance of that finding. But today’s CAPE value is 38, close to the worst that we have ever seen… Continue reading The Hardest Part About Following Research-Based Investment Strategies Is That It Requires Acknowledging Human Frailty, Which Is a Scary Thing to Do
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