In the News

Title

Belief in an Investing Strategy Comes First and Then Evidence Follows

Document Type

Article

Publication Date

3-14-2017

Abstract

My last two columns examined a recently completed research paper titled Shiller’s CAPE: Market Timing and Risk. The first column expressed concern re the paper’s finding that never before in U.S. history have we seen today’s extremely high valuation levels apply for so long a time-period.