Thanks for writing this - I wonder though: I understand why one would compare post-tax earnings yield to treasuries, but at the same time I am reminded of Buffett that used PBT not net income to compare equities against treasuries for a 'fair' earnings comparison... Idk 🤷
Not sure I remember that from Buffet. Everyone should do their own tax assessment because tax situations are different for each one of us, depending where you live etc.
What I would say however is that the point of this article is for people to understand why equities (i.e. a real asset) behave differently to bonds (i.e. a non-real asset).
Thanks for writing this - I wonder though: I understand why one would compare post-tax earnings yield to treasuries, but at the same time I am reminded of Buffett that used PBT not net income to compare equities against treasuries for a 'fair' earnings comparison... Idk 🤷
Not sure I remember that from Buffet. Everyone should do their own tax assessment because tax situations are different for each one of us, depending where you live etc.
What I would say however is that the point of this article is for people to understand why equities (i.e. a real asset) behave differently to bonds (i.e. a non-real asset).
few get this
Word...