I think the overall stock market is fundamentally overvalued terms of the price earnings ratio, and that it's very much supported by the fed. What about passive value funds, value index funds? Well, i think now you're really betting that the stock market is is reasonally priced. I think we have too many people that are irrationally investing to day ad too many computer programes that arerobo investing too much money. But a lot of these stock pickers, if you're talking about mutual fund o money managers, about three quarters of them uner perform the market in a given year.
#329: Have you ever thought about how an economist views financial planning? Would you guess that it's vastly different from how some financial planners approach this work?
Today's guest, Laurence Kotlikoff, is a Professor of Economics at Boston University. The Economist named him one of the world's 25 most influential economists in 2014. Professor Kotlikoff has written 19 books, and hundreds of professional articles and Op-Eds.
He's here to explain why economists take a different view than financial planners on investing, retirement planning, and risk mitigation.
For more information, visit the show notes at https://affordanything.com/episode329
Learn more about your ad choices. Visit podcastchoices.com/adchoices