What might one of Buffett’s favorite stock market valuation indicators tell us about a margin of safety and diversification?
Submitted by Brookhaven Wealth Management on June 21st, 2017The US stock market has been on a relentless tear barely registering just a couple of small double-digit declines in the last 8 years. But where has this left us in terms of valuation on US stocks and why does it matter long term? Well, historically we know valuations do matter in the long-term (7-12 years or more), not necessarily in the short-term (1-3 years). Short term, ma