Subject: Re: CAPE Multiple of 37
Good post. Buffett reminds us to try to ignore the noise and focus on what's IMPORTANT and RELEVANT. That would seem like an appropriate reminder per your post.
What's frankly also a bit disappointing....and this is very subjective: many of the
"on topic" posts are from very smart people who in Buffett's words "are in a hurry".
I realize that sitting, doing nothing and THINKING a lot may not make for a great (or certainly busy) message board. But the emphasis on I'm smarter-than-market near term guessing of the stock price seems both futile and very anti-Berkshire. Not saying it's morally wrong by any means--it's just an ironic place to do so,