165: Stephen Wright on Valuing the Stock Market Using Equity q
Stephen Wright is Professor of Economics at Birkbeck College, University of London, UK. Previously Professor Wright worked at the Bank of England and Cambridge University. He is co-author of 'Valuing Wall Street: Protecting Wealth in Turbulent Times' - an informative book published in 2000 warning of the high valuation placed on stocks at that time. In this episode we discuss his work on valuing the stock market using a variant of Tobin's q - a valuation method put forward by the late James Tobin (Nobel Prize in Economics, 1981). Check out the show notes for all links, books and resources over at www.economicrockstar.com/stephenwright Support the podcast on Patreon for as little as $1 per month: www.patreon.com/economicrockstar