I’ve posted Entry #126 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called The Old and New Thinking on Stocks vs. Bonds.
Juicy Excerpt: Stocks are riskier than bonds.
Everybody knows that.
That’s why stocks offer better long-term returns.
We’ve known that stocks are risker than bonds for a long, long time.
Except they aren’t. Not if you accept Shiller’s findings and appreciate what they tell us about how stock investing really works.