Today in our series the Dark Side of the Moon, we are exploring value, and in particular, what to do with stocks that are perceived to be excessively valued. There are so many that fit this category and have fit this category for years now.

As business models have changed with connectivity, networks, and the information age, there are more businesses that defy laws we thought applied to every business, laws like diminishing returns. But, professionally, we prefer to rely on concepts and measurements that we feel are certain, or at least proven, somehow. We don't want to have to reevaluate things we’ve been taught and the methods that we think help us.

So are we at a crossroads? An evolution? An inevitable correction?

To explore, we talk with investor Scott Booth, who brings loads of experience in both the equity markets as well as private markets, and whose clear-mindedness has often provided really insightful conversations over the years. I hope you enjoy it.

#84: Exploring Excessive Value with Scott Booth. The Dark Side of the Moon Part IV.