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Cyclically Adjusted PE Ratio
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We sold the last of our Berkshire shares, says Smead Capital's Bill Smead
CNBC Televisionยท 2025-07-26 03:09
We sold the last of our Bergkshire Hathaway in the in the previous quarter. Uh the the reason is a there was a premium associated with him being deeply involved in most every aspect of the major investments and then b it's a major large cap stock. So, for example, we got a chart the other day.The the uh uh cycllically adjusted PE ratio of Schiller broke the record lately. It it's broken the record, right. And they looked at all the prior times that it broke the record.And over the following three and fiveea ...