Stock market bubbles can be intoxicating as the psychological battle between the fear of missing out, versus the logic that stocks are clearly overvalued transpires. Apple (AAPL) is arguably the best-known stock in the United States, so it makes a great example to discuss just how wild current valuations are. Now Apple’s market capitalization is...Read More

“In the short-term, the market is a voting machine. In the long-term, it is a weighing machine.” Benjamin Graham Warren Buffett’s mentor, Benjamin Graham’s quote is particularly applicable in describing today’s market environment. Euphoric optimism has propelled most asset classes to extreme valuations. As a case in point, the inflation adjusted CAPE Price to Earnings...Read More