Valuation Based Equity Market Forecasts – Q2 2013 Update
In Retirement onWe endorse the decisive evidence that markets and economies are complex, dynamic systems which are not reducible to linear cause-effect analysis over short…
Don’t Take Our Word For It
In Industry Illusions, Retail on“It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” Upton…
Estimating Future Returns: Update
In Miscellaneous onWe have added a new valuation metric to our model, namely the Total U.S. Market Capitalization to GNP ratio. Total…
