#39: John Hussman On Navigating One Of The Most Overextended Stock Markets Of All Time
Superinvestors and the Art of Worldly Wisdom
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The Value of Forward P Ratios
Cape is famous in finance circles for his valuation metric, the Cape ratio. He's developed some other valuation metrics that he says are uniquely valuable. Every stock is a claim on some stream of future cash flows which I as an investor can expect to be delivered into my hands if I hold it over long term.
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