觀點股市

The myths behind the current stock market bubble

Central bank liquidity cannot support elevated valuations indefinitely

The writer is a philanthropist, investor and economist

The legendary value investor Benjamin Graham once advised: “The habit of relating what is paid to what is offered is an invaluable trait in investment.”

Amid recent record highs in numerous stock market valuation measures, investors face a rare, possibly once-in-a-generation opportunity for the critical thinking that Graham encouraged.

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