Stock market value

I read a great paper for class this week. It's a very simple paper written by Pu Shen from the Federal Reserve Bank in Kansas City. What's more, is that this article is written just as the market top in 2000 was forming, so even the author isn't sure if what he's seeing in terms of stock valuations is justified. This is one of the very few fairly easy academic reads in the investing world. I encourage everyone to download and read it:

The P/E Ratio and the Stock Market

In 62 hours I will be having lunch with Warren Buffet. How cool is that?