Inker: Valuation spreads in Europe and Japan lack underlying economic justification
Ben Inker · Ben Inker – Value Investing at GMO (First Meeting, EP.17) · Mar 30, 2020 · at 33:14
Ben Inker, Head of Asset Allocation at GMO, compares international valuation spreads across quality and cyclical stocks.
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“But if you look at Europe, if you look at Japan, if you look at the emerging worlds, the spreads are both wider, and the underlying economic justification for them is a lot more tenuous.”
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