The Future Returns of Stocks Versus Low Return

After inflation I see around a six percent return on stocks going forward. That is a greater margin in favor of stocks than the long run historical average. So let's talk a little bit about your friend Professor Bob Schiller of Yale. People may not realize this you guys are lifelong friends. Absolutely. First year at MIT the first week of MIT we went to graduate school together in economics and we hit off with first year at MIT that was 1967.