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Archive for November 30th, 2008

After All That, Stock Market Finally At Fair Value / Why fairly valued stock markets are an opportunity The good news, however, is that, after 15 years of being overvalued, the S&P 500 is finally priced to deliver an average long-term return: about 9%-10% in nominal terms and 6% after adjusting for inflation. That’s nothing [...]

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by Glenn Kelman, the CEO of Redfin. Here’s the survival guide I’d give my former self, the one just starting to face the storm: 1. Compete With Your Successor I often think about what my replacement will do after I’m fired. She won’t have emotional commitments to decisions that I already regret. She’ll look at [...]

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