To view our Responsible Investing Statement, please click here. To view our Modern Slavery Statement, please click here. To view our Japan Stewardship Code Statement, please click here.Compliance Privacy Policy Legal Disclosures and Terms Fraud Alert © Copyright 2025 Acadian Asset Management LLC....
Let me give an example to distinguish between overvaluation and bubble beliefs. Japan experienced a giant stock market bubble peaking in early 1990. As of 1989, valuation measures were extremely high in Japan and many experts believed that the market was too high. For example, the working pap...