Date: Saturday, May 10, 2014
Topic: King Risk is Dead. Long Live the King!
Speaker: John Simms, Chief Investment Officer, Piedmont Trust Company
Investors and analysts have waved off the overvaluation shown by Shiller’s cyclically adjusted P/E ratio and explained away concerns about historically high profit margins. High price-to-sales ratios are dismissed in similar fashion. Is there nothing to fear any longer? Have policy makers found the key to perpetually low interest rates, low inflation and rising stock prices? John Simms’ discussion will remind investors of what history has to say about the current economic and financial market environment. To give away the conclusion—risk may be sleeping, but it’s far from dead!