Ben came out of a fog machine at his speech in Italy.
U.S. Stocks Surge Back Toward Bubble Territory. January 2010!
Even if you knew what earnings would be next year…
A fair value P/E ratio of 15 makes more sense
The pool of money that’s sitting in cash worldwide has never been greater.
There’s a lot of cash on the sidelines…it feels stupid to hold cash in this type of environment.
WSJ reports "By Most Measures, Stocks No Longer Look Cheap."
The date: May 11, 2009https://t.co/sZ7Jlg68Nz
— Eddy Elfenbein (@EddyElfenbein) January 25, 2018
The Fed has been punishing savers w/15% annual returns in stocks since 2009
— Ben Carlson (@awealthofcs) January 19, 2018

Podcasts
Will podcasts kill conferences?
The history of public executions
Books
Michael Rockefeller was eaten by cannibals
John Grisham and Liar’s Poker in one book
Traffic: Why We Drive the Way We Do
Thanks for listening!