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What Warren SaidThe market against normal interest rates is on the high side of valuation – not dangerously high, but on the high side of valuation. On the other hand, if these interest rates were to continue for 10 years, stocks would be extremely cheap now.
Yes, that's right. Warren Buffett said you need to take interest rates into account when valuing the market, just like Brock Value does. When Buffett made this observation BV or intrinsic value was 33% higher than the market.