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"I'm 90%-plus now," says Vanguard's retiring CIO Gus Sauter, of his personal allocation to...

"I'm 90%-plus now," says Vanguard's retiring CIO Gus Sauter, of his personal allocation to stocks. "Everyone is worried about the stock market. That's when the market is set up to do well." That stocks need strong economic growth is a shibboleth, he says. A better predictor of future returns is valuation, and on that score, the market remains cheap.
Comments (6)
  • Keep moving forward, President Obama's moto.
    8 Oct 2012, 10:44 AM Reply Like
  • His entire business relies upon you investing new money into financial markets, what else would he say?
    8 Oct 2012, 10:44 AM Reply Like
  • He is biased and wrong. The stock market is too expensive.
    8 Oct 2012, 06:07 PM Reply Like
  • Love the word shibboleth...
    9 Oct 2012, 09:47 AM Reply Like
  • Yes. I like it too.
    Shibboleth is not used enough in conversation.
    I am with him. It is the place to be.

     

    P
    9 Oct 2012, 07:32 PM Reply Like
  • Sauter's record is not that strong....more important, is what John Bogle says!
    10 Oct 2012, 04:17 AM Reply Like
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