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Episode 057: Dr. Derek Horstmeyer on multiple investment topics, host Rick Ferri

Bogleheads On Investing Podcast

CHAPTER

The Age-Old Fama vs. Shiller Debate

Eugene Fama came down on the efficient side and Shiller would always say you could time the market based on the PE ratios or his cape ratio. We tested this strategy, 70% equities, 30% bonds. And not surprisingly, hasn't done well. But what's interesting is that the dynamics of the market do seem to be in over the long-term as taxation on buybacks change and dividend structure change. The value versus growth has been very difficult lately.

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