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Podcast: The Meb Faber Show - Better Investing
Episode: Doug Ramsey - “Valuation Tells Me I Should Be Lighter Than Normal On U.S. Equities and Tilting More Towards Foreign” | #41
Description: In Episode 41, we welcome Doug Ramsey from Leuthold. Meb is especially excited about this, as Leuthold publishes his favorite, monthly research piece, the Green Book.After getting a recap of Doug’s background, Meb dives in. Given that we’re in the Dow’s second longest bull run in history, Meb asks how Doug sees market valuation right now.Doug’s response? “Well, that’s a good place to start cause we’ll get the worst news out of the way first...”As will surprise no one, Doug sees high valuations – believing that trailing earnings...