FYI: In August 2017 I wrote “This will be my last post on the CAPE ratio.” I made it 16 months, which means I pretty much kept my word.
I was listening to Invest Like the Best when Cliff Asness said, “You do not want to make a career trying to beat the stock market based on whether it is cheap or expensive.” This sent me back to the drawing board.
There are no universal agreements as to what makes something cheap or expensive, but if you’ll indulge me for a minute, I’ll try to quantify this very big statement from Cliff.
You’ll have to bear with me while I make some ridiculous assumptions:
Regards,
Ted
https://theirrelevantinvestor.com/2018/11/20/timing-the-market/
