Description: U.S. equity valuations have become a “total nightmare” fueled by “young and dumb” investors, according to Cole Smead, president and portfolio manager at Smead Capital Management.

Source: CNBC.com – video report

Date: Oct 15, 2020

Link: https://www.cnbc.com/2020/10/15/smead-nightmare-us-stock-valuations-driven-by-young-dumb-investors.html

Questions for discussion:

• What are the reasons for concern, as explained in the article?
• What do think of this assessment?
• What should investors do, given this information?