The Intelligent Investor

[Aaron]

To answer my first question this was helpful re the S&P 500

I guess the NZX is never going to be big enough to get this sort of coverage or maybe someone making the effort may not want to give it away for free.

https://www.currentmarketvaluation.c...e-earnings.php

S&P overvalued.

One for the ASX

https://www.marketindex.com.au/statistics

About normal currently although it looks like the covid period mixed it up. Probably reduced E while monetary policy improved the P. What does this mean for investing today. Ben liked dollar cost averaging and always being at least partly in stocks to counteract inflation. I think he wrote the version of his book I read in about 1972. Nixon broke the connection to gold in 1971. Inflation protection more important than ever. Ben did not have any proof that gold was effective back in 1972, real estate could work but the price you buy it at is important, much like stocks.