MI230: Buffett Indicator Says Stock Market is Overvalued w/ Lance Roberts

<p><strong>IN THIS EPISODE, YOU’LL LEARN: </strong></p><ul><li>09:18 - Understanding the basics of valuations and how to interpret price multiples.&nbsp;</li><li>17:00 - What the Shiller P/E (CAPE) ratio is, and why it is telling us future returns are expected to be low going forward.&nbsp;&nbsp;</li><li>25:46 - What Lance thinks are some catalysts that could cause the market to mean revert to historically normal valuation levels.&nbsp;</li><li>31:35 - Why the Buffett Indicator is a valuable valuation tool and why it is saying markets are overvalued today.&nbsp;</li><li>38:05 - The relationship between earnings and GDP and why EPS cannot grow faster than GDP in the long run.&nbsp;&nbsp;</li><li>49:50 - Why Lance thinks bonds are the best investment right now and what investment strategy he recommends.</li><li>And much, much more!&nbsp;</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out: <a href="https://realinvestmentadvice.com/insights/podcasts/" rel="noopener noreferrer" target="_blank"><strong>RIA Advice</strong></a>.</li><li>Lance’s Youtube Channel: <a href="https://www.youtube.com/c/therealinvestmentshow" rel="noopener noreferrer" target="_blank"><strong>Real Investment Show with Lance Roberts</strong></a>.</li><li>Lance Podcast: <a href="https://realinvestmentadvice.com/insights/podcasts/" rel="noopener noreferrer" target="_blank"><strong>Real Investment Show with Lance Roberts</strong></a>.</li><li>Related Episode: <a href="https://www.theinvestorspodcast.com/millennial-investing/studying-superinvestors/" rel="noopener noreferrer" target="_blank"><strong>Studying SuperInvestors, Investing Checklists, &amp; Seritage Growth Properties w/ Tom Botica</strong></a><a href="https://www.theinvestorspodcast.com/millennial-investing/the-bull-case-for-btc/" rel="noopener noreferrer" target="_blank"><strong> - </strong></a><a href="https://www.theinvestorspodcast.c