Valuation-Informed Indexing #543: Why I Am Obsessed with the Topic of Stock Valuations

I’ve posted Entry #543 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Why I Am Obsessed with the Topic of Stock Valuations.

Juicy Excerpt: That changes everything. It puts us, the investors, in charge of our fate. Under the old understanding of how stock investing works, we had to hope for positive economic news. We of course still want to see the economy do well. But Shiller’s research shows that economic developments are not the primary factor driving stock price changes. The bigger factor is shifts in investor emotion. That should be our focus.