Subject: Re: S&P500 valuations
Great post by Manlobbi, reinforcing what Munger, Grantham and others have been saying in terms of current market overvaluation.

"I like to keep an eye on the 'Buffett Indicator'"

If one wants "time in the market" as opposed to "timing the market", perhaps a long term investment in Berkshire (~20% undervalued) makes more sense than the S&P 500 (~47% overvalued)?

Not that Berkshire won't go down with the overall market in a severe correction. In which case have some cash on hand to buy more.

Comments?