 "Warren Buffett")
With US equity indexes rising to fresh records again this week, one of Warren Buffett’s most-famous catchphrases comes to mind: Investors should “be fearful when others are greedy.”
Any Buffett disciple who checks in on the billionaire investor’s favorite market valuation metric these days may get the urge to shriek in terror.
The “Buffett Indicator” is a simple ratio: The total market capitalisation of US stocks divided by the total dollar value of the nation’s gross domestic product. It first crossed above its previous dot-com era peak in 2019. Still, it has been trending higher for decades, and if there’s
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