Nobel winner, jails robert shi yales Robert Shiller. I didnt mean to cause jaws to drop. Why this call . Well, its not that different. Stocks have generally outperformed other investments through history. Theyre highly priced now, which means i dont expect them to outperform so much, but for a longterm investor, and most people are, i think there should be a place for stocks in the portfolio, and they could go up a lot from where they are now. They could also go down a lot. Thats the problem, but the answer isnt to avoids stocks entirely. What gets them to go up 50 from here . Well, the last time that happened right now the price earns ratio i used is cyclically adjusted youre very famous for your cape ratio. Its about 30 now. Think back to the 190s. It went up from 30 to 45 in 2000. Thats a 50 percent essentially a 50 further increase. Im just saying that could happen again. To me its largely psychology, its not something that has an exact science. We have some kind of inspiration may