I think that right now, looking at the equity risk premium, I can justify prices. Collectively, the expected returns on stocks, based on the cash flows that we're seeing right now, is close to 8.3%, which is at a high in terms of what we've seen over the last 10 years.
I think that right now, looking at the equity risk premium, I can justify prices. Collectively, the expected returns on stocks, based on the cash flows that we're seeing right now, is close to 8.3%, which is at a high in terms of what we've seen over the last 10 years.
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