Book Review - Beat the crowd: How you can out invest the herd

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Re: Book Review - Beat the crowd: How you can out invest the herd

@Southie

If I may be the first to take advantage of the Comments period - which will remain active for one business week.

The authors correctly criticized Robert Shiller for waffling on the ratios predictability of market direction. We have similarly criticized the good Professor.

I would also like to make another point, if I may. Yes, in the short term high PE ratios may provide high returns at times. But that does not mean you go out and buy expensive stocks for the short term. No you dont. Expensive sticks underperformed in the shot and long term. The R2 is just closer to one the longer the invetment horizon.

Thank you.

@Southie

^ and right on cue the market is 10 pct off the high of 2134 set in 2015. The case Shiller p to e at the high? Circa 27.5. It now rests probably at 25.

^

@Southie

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