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Meb Faber - Quant Savant

The Business Brew

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Wall Street Bets - Is That Really the Case?

The average investor doesn't know the iffernce tween real and nominal, right? So, yes, it's 17 or 18 if you include inflation. But again, t set's 50 % higher than historical returns. That's already bananas. The amount of stocks that are trading at a price to sales above ten is the highest it's been since the late nineties. A big difference then is on alternatives. Most stock markets were expensive. Late nineties, bonds were a big alternative. Now they're won in change.

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