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
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?