The Ledger

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Assertion Supported

Galloway notes Buffett index is 210% and S&P trades near peak valuations

“The Buffett index, stock market valuation versus GDP, he likes it at about 90%. It's at 210%. The S&P is trading at historic highs. 97% of the time, the S&P has traded at lower valuations relative to earnings.”

Scott Galloway Feb 16, 2026 ▶ 15:13 Scott Galloway: Why I'm selling my American stocks

Disclosure

Puri: Direct indexing a $250K investment harvested $16K in tax losses

“So I got the same performance as the S&P, but I, on my 250 K, I added an extra 16,000 in tax loss harvesting, just holding the same exact asset as it would before.”

Shaan Puri May 14, 2025 ▶ 12:26 How to retire with millions (and pay $0 taxes)

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The Ledger

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