Posts Tagged ‘ effect of valuations ’

by Rob Bennett We have been living in a twilight zone for the past 30 years. University of Chicago Professor Eugene Fama’s Efficient Market Theory became the dominant academic explanation of how stock investing works in the 1960s. It was incorporated into the Buy-and-Hold Model, which became extremely popular during the huge bull market. But while the bull was raging forward Yale Professor Robert Shiller published research showing that valuations affect long-term returns. That...
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