Antti Ilmanen, AQR – Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least | #413
The Meb Faber Show - Better Investing
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Stocks and Bonds Are Both Off to a Challenged Start
Stocks and bonds are both off to a pretty gnarly start to the year. And we'll come back to that later. But let's say we did this a year ago, or two years ago, or maybe even three iy say, auntie meb,. You're saying, valuation just hit forty. This is why valuation doesn't work. Therefore, you both are idiots. We can't use valuation as a way to realistically forecast expected returns. Because here you guys were saying that stocks are going to do four %, real six, seven %. How do you respond to that? I know how i respond about ad how you responded? Well, i think you have
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