I’ve posted Entry #148 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Why It’s a (Not Entirely) Good Thing That Robert Shiller and Jeremy Siegel Are Personal Friends.
Juicy Excerpt: It’s wonderful that he is warm with Siegel and with lots of others in the field who hold very different viewpoints. But we need Shiller making the case for a new approach to stock investing as strongly as he can possibly make it. I have seem him on numerous occasions fail to do that. One doesn’t gain the sense listening to Shiller that Siegel’s investing advice is nearly as dangerous as one concludes it to be when one follows the logic chain set forth in Shiller’s book where it leads one.