4 ms·
Buying at a Shiller P/E of 31.2 after nine years of risk asset appreciation in an environment of rising yields requires the firm conviction that the business cy
by daxorid 9y ago
Buying at a Shiller P/E of 31.2 after nine years of risk asset appreciation in an environment of rising yields requires the firm conviction that the business cycle has suddenly been abolished.
- vasilipupkin 9y agoNo, it requires belief that 3% real return implied by Shiller PE of 31 is going to be hard to beat by investing in any other asset class.