In this week’s Guest EVA, we’ve got two of the financial world’s heaviest heavyweights weighing in on one of the weightiest investment questions: Is the Stock Market Overvalued?
It’s no hype to say that Jeremy Siegel and Robert Shiller are living legends (and those are certainly preferable to the non-living kind!). The former is the author of the mega-best seller “Stocks for the Long Run” while the latter is the creator of both the Case-Shiller Housing Index as well as the Shiller P/E Ratio. Prof Shiller’s P/E ratio is both famous and controversial. It’s also known as the Cyclically Adjusted P/E, or CAPE for short. (More on the CAPE in the article itself.)
My long-time friend, Sean Bailey, publisher of the popular and always informative Horsesmouth e-letter was gracious enough to allow us to run this overview of the lively debate that Wharton professor Siegel and Yale professor Shiller recently had in New York City. Horsesmouth is one of my daily reads and it has been for over a decade. (To check out their service, please click on this link.)
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