Oct

20

Up in the Pantheon of the top 10 pillars who have done the most harm to the wealth of the average person would be Shiller with his average of the p/e of the last 10 years as a predictor of excess. That would be bearish theoretically and empirically about 60% of the time, and would have led to being short during the 1960s and the 80s. Almost as bad is the Tobin q who should be perhaps number 3 in the Pantheon of evil influences on wealth.


Comments

Name

Email

Website

Speak your mind

1 Comment so far

  1. Diego Joachin on October 20, 2014 11:31 am

    It would be valuable to populate from the top ten who did had “skin in the game”; those with skin in the game would be part of the speculative reference.

Archives

Resources & Links

Search