Why the Stock Market Hasn’t Even Gotten Cheap Yet
We published this last night and the views started going through the roof almost immediately. I connected with Rob Arnott, who has taught me so much about investing over the years, and asked him about his latest investor presentation, The Death of Value Investing. Rob is the founding chairman of Research Affiliates, which has almost $200 billion worth of assets around the world managed based on their strategies. You can check out their free online portfolio tools here.
Rob takes us through a tour of the current state of the economy, stock markets around the world and the difference between the value gap today versus 1999. There’s a lot in here to think about, I hope you like it:
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