Episode 238: CAPE Crusading, NEWMAN! And Portfolio Reviews As Of January 27, 2023

<p>In this episode we answer emails from Justin and Arun.   We discuss the last decade of history of the failed use of CAPE ratios as a crystal ball and the general problems with those approaches, and the inherent limitations and problems with using the personal finance recommendations of theoretical economists.<br/><br/>And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at <a href='https://www.riskparityradio.com/portfolios'>Portfolios | Risk Parity Radio</a>.<br/><br/>Additional links:<br/><br/>CAPE Ratios Article:  <a href='https://www.researchaffiliates.com/publications/articles/645-cape-fear-why-cape-naysayers-are-wrong#:~:text=Shiller&apos;s%20research%20showed%20that%20CAPE,and%20future%20earnings%20growth%20rates.'>CAPE Fear: Why CAPE Naysayers Are Wrong | Research Affiliates</a><br/><br/>Michael Kitces  CAPE Article (2016):  <a href='https://www.kitces.com/blog/should-equity-return-assumptions-in-retirement-projections-be-reduced-for-todays-high-shiller-cape-valuation/'>Reducing Retirement Return Assumptions For High Valuation? (kitces.com)</a><br/><br/>Kitces Critique of November 2021 Morningstar Forecasts Report:  <a href='https://www.kitces.com/blog/4-percent-rule-bengen-morningstar-report-the-state-of-retirement-income-safe-withdrawal-rates/'>Can Morningstar&apos;s Withdrawal Rate Report Refute The 4% Rule? (kitces.com)</a><br/><br/>Sector P/E Ratios Article:  <a href='https://www.gurufocus.com/sector_shiller_pe.php'>Sector Valuation: Shiller PE By Sectors - GuruFocus.com</a><br/><br/>Industry P/E Ratios Article:  <a href='https://eqvista.com/price-to-earnings-pe-ratios-by-industry/'>Price to Earnings (P/E) Ratios by Industry | Eqvista</a><br/><br/>2022 Morningstar Report:  <a href='https://www.morningstar.com/lp/the-state-of-retirement-income'>2022 Retirement Withdrawal Strategies Report | Morningstar</a><br/><br/>Afford Anything Kotlikoff Interview:  <a href='https://affordanything.com/329-challenging-your-confirmation-bias-with-economist-larry-kotli