In July, the market's most commonly used measure of volatility, the VIX, plunged to a 23-year low of 9.04, the lowest level since December 1993. As Reuters pointed out at the time, if the index had closed at this level, it would have been the lowest close in history. The lowest level ever recorded was 8.83 in December 1993. Are we experiencing irrational . . .
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Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.
Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.
Rupert covers everything value investing for ValueWalk
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