Global Value: How to Spot Bubbles, Avoid Market Crashes, and

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Global Value: How to Spot Bubbles, Avoid Market Crashes, and Earn Big Returns in the Stock Market

Investment bubbles and speculative manias have existed for as long as humans have been involved in markets. Is it possible for investors to identify emerging bubbles and then profit from their inflation? Likewise, can investors avoid the bursting of these bubbles, and the extreme volatility and losses found in their aftermath to survive to invest another day?

Over 70 years ago, Benjamin Graham and David Dodd proposed valuing stocks with earnings smoothed across multiple years. Robert Shiller later popularized this method with his version of the cyclically adjusted price-to-earnings (CAPE) ratio in the late 1990s and correctly issued a timely warning of poor stock returns to follow in the coming years. We apply this valuation metric across more than 40 foreign markets and find it both practical and useful. Indeed, we witness even greater examples of bubbles and busts abroad than in the United States. We then create a trading system to build global stock portfolios, and find significant outperformance by selecting markets based on relative and absolute valuation.

Country	USA
Author	Mebane Faber
Binding	Kindle Edition
EISBN	9780988679948
Format	Kindle eBook
IsAdultProduct
Label	The Idea Farm
Manufacturer	The Idea Farm
NumberOfPages	82
PublicationDate	2014-03-17
Publisher	The Idea Farm
ReleaseDate	2014-03-17
Studio	The Idea Farm

Global Value: How to Spot Bubbles, Avoid Market Crashes, and Earn Big Returns in the Stock Market

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