Hello Everyone,
Hopefully you found the print issue to your liking. If you have any feedback regarding the print version, I'd be interested to hear from you.
In case you haven't noticed, all subscribers to the Business Valuation Review have access to the BVR website to search for and obtain free copies of past articles. In other words, you have a library literally at your fingertips. The Business Valuation Committee and I hope you find this helpful.
Recently, I read an article saying that the US Stock Market was overvalued based on Nobel Laureate Robert Shiller's Cyclically Adjusted Price to Earnings measure (CAPE). The brief analysis in the article mentioned a couple statistics: the average was about 17× and it's about 25× now. Knowing that CAPE has a ten-year look-back and that within this ten-year period we have had a financial crisis and that interest rates have been subject...
