“Please Tell Me How Shiller’s Research Showing That Valuations Affect Long-Term Returns Has Changed How You Invest in Stocks”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

Everyone else has discussed Shiller’s work.  You have not.  Instead, you are giving out just your opinion, which is actually different than what Shiller said.  You then take it a step further by trying to shut down what everyone else says.  If you cannot control the message, you will either block it or refuse to even enter into a REAL discussion with everyone else.

Please tell me how Shiller’s research showing that valuations affect long-term returns has changed how you invest in stocks, Anonymous. He was awarded a Nobel prize for that research. So it must change our understanding of how stock investing works in important ways. What changes have you made as a result of what you learned from it?

Rob