Are Stocks, Bonds And Real Estate Really At ‘Peak Valuation’?
Benjamin Graham was known for his love of using historic data to analyze companies and historic market trends. Graham like to use long-term data series’, stretching across several decades, to come up with the most reliable figures. Both Deutsche Bank and Credit Suisse have taken a similar approach to data analysis and the two banks put together research documents every year that look at the long-term asset returns. Deutsche Bank released its annual Long-Term Asset Return Study a few days ago. The bank used 200…