How attractively are shares now priced?

How attractively are shares now priced?
(Image: Getty)
The Economist
Everyone knows, or thinks they know, the advice of Warren Buffett to investors: that “they should try to be fearful when others are greedy, and greedy when others are fearful.” After a week in which share prices in America plunged firmly into bear-market territory (defined as a fall of 20%-plus from a recent peak), some will be starting to wonder whether there is enough fear in the air to warrant their being greedy.How attractively are shares now priced? One approach is to use the equity risk premium as a guide. A rough-an...

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