The Importance of Valuation in Investing

It's always worked, I think, in honing off the knives and staying. But it's hard. It's like you have to say, put yourself in as a new investor. Where do you go? You go online looking for inspiration, looking for resources, looking to educate yourself. So what... Let's bring it back to how I'm investing. One of the things that I usually look at, it doesn't really influence my decision but kind of gives me a feeling like are certain companies that I'm going to buy maybe more subject to price depreciation or a cap. That's then the S&P 500 earnings yield.