Shiller vs Siegel: The market debate – are stocks overvalued?
Yale University economist Robert Shiller and Wharton’s Jeremy Siegel square off in a debate hosted by WSJ’s E.S. Browning on the best method for calculating market value and what their conflicting assessments mean for investors.
The chart below show’s Shiller’s normalised price-earnings ratio since 1950. A picture speaks a thousand words …
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