Nobel laureate Robert Shiller is famous for the cyclically adjusted price earnings ratio (Cape), which he used to predict the dotcom bubble. Alain Bokobza, of Societe Generale, argues to the FT's John Authers that it now needs adjustment for tax changes.
Fine-tuning Shiller's Cape Ratio
HFA Staff
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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.


