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7min chapter
Indexing Bubble and Asset Class Returns Still Revert to the Mean
Money For the Rest of Us
Exploring Reversion to the Mean and Its Impact on Asset Returns
This chapter examines the principle of reversion to the mean through the lens of Shiller earnings yield and its relationship to historical stock market performance. It discusses how starting valuations affect future returns while debunking myths about equity risk premiums and highlighting the risks of today's low dividend yields and high valuations.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode