"Valuation" is just another word for "price."
"Note the Enthusiasm with which People Take to Discussions of the Realities of Investing"
Submitted by Anonymous on Wed, 2008-10-08 08:49.
An earlier blog entry described the background of some recent e-mail correspondence between Michael Kitces and I on safe withdrawal rates (SWRs). Set forth below is the text of an e-mail that I sent to Michael on August 28.
Michael:
That e-mail is gold. You’re telling the real story in those words. This is the stuff that people in [...]