Summary: Are stocks expensive now? Photo: Victor Hancek. Source: Picjumbo That depends on what you mean by expensive. Unlike rare art, fine wine, and gold, stocks have an intrinsic value. They represent ownership in an enterprise that can potentially generate earnings and dividends for investors. This leads us to the fundamental paradox of investing: 100% of what we know about a company is based on the past, but 100% of a company’s value is based on a forecast […]
