This lesson explores why asset class valuations are critical to investment success. Specifically, it introduces the cyclically adjusted price-to-earnings ratio (or CAPE) and shows how subsequent stock returns are related to the beginning valuation.
Investment help and financial guidance for the rest of us.
This lesson explores why asset class valuations are critical to investment success. Specifically, it introduces the cyclically adjusted price-to-earnings ratio (or CAPE) and shows how subsequent stock returns are related to the beginning valuation.
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