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Market Valuations, Financial Repression, and the Psychology of Investing – 06/21/2025

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This episode of “More for Your Money,” featuring John Berkley, Greg Snyder, and Todd Berkley, reviews a flat market week but notes historically high S&P price-earnings multiples. They explore whether AI-driven growth justifies these elevated valuations. Todd introduces “financial repression,” where central bank actions of creating money and credit push down interest rates and inflate asset prices, connecting it to structural inflation and income inequality from high government deficits. Contrarian views from Lacy Hunt, Jeremy Siegel, and Ray Dalio are also discussed. Uncommon Cents Investing emphasizes their disciplined, long-term strategy of investing in value stocks and individual common stocks, stressing “time in the market, not timing the market”. They highlight the psychology of investing as the toughest challenge, urging perspective and guarding against biases.

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