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S&P PE NOW BACK ABOVE FAIR VALUE

After the recent market rebound the S&P 500 valuation has risen from below my estimated fair value to just over the top of the fair value band. It is important…

What is Wealth?

…of those ownership rights.[3] To be (excessively?) precise: as used here, assets are labeled balance-sheet entries tallying the market value of ownership rights imparted in financial instruments. (Yes: a real-estate title…