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Professor Malkiel has been one I pay attention to when I can. However I am surprised he used just one factor ( CAPE ratio) to make an assumption. The M* writer does bring up the low rates.
Emerging markets and muni bond. The professor mentions these as good places to be in. If the investor is well diversified then maybe they are set. A lot of investors look for the hot spot at the moment. Usually that means chasing yields.
A good article but Professor Malkiel's books are better. A Random Walk Down Wall Street is his classic and worth every investors time to read.
Comments
Always good to know the current investment thinking of Burton Malkiel
http://online.wsj.com/articles/burton-g-malkiel-are-stock-prices-headed-for-a-fall-1409178881
Are Stock Prices Headed for a Fall?
Well worth reading.
Professor Malkiel does not waste your time with superfluous words
The M* writer does bring up the low rates.
Emerging markets and muni bond. The professor mentions these as good places to be in. If the investor is well diversified then maybe they are set. A lot of investors look for the hot spot at the moment. Usually that means chasing yields.
A good article but Professor Malkiel's books are better. A Random Walk Down Wall Street is his classic and worth every investors time to read.