The Best Investment Writing Volume 5: John Pease, GMO – Value: If Not Now, When?
The Meb Faber Show - Better Investing
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How the Cheapest Half of the Us Looks Relative to History
Value, as g m o defines it, now trades aut the fourth % ile of relative valuation on the blend of metrics that we generally use to valuate the group's attractiveness. No matter how we define cheap stocks, whether on book or free cash flow or forward earnings, they look attractive relative to history. Ten of the 11 definitions of value presented are cheaper than they've been in at least 90 % of months since 19 71.
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