BTI - 'Epic Bubble' 4.0 - Putting 129 International Stocks Under The Valuation Microscope

• This article is the fourth in a series designed to help investors decide for themselves if Jeremy Grantham's "epic bubble" call is correct.
• In this analysis, 129 of the 180 largest holdings of the Vanguard Total International ETF are put under the valuation microscope.
• These 129 International stocks have a median Price/Sales +22% greater than historical averages; Price/Book +0%; P/E +13%.
• International appears to be a better value today than US Value (P/S +40%, P/B +10%, P/E +20%) and especially US Growth (P/S +92%, P/B +129%, P/E +40%).
• This article begins with insights about Diversification from three sources of investment wisdom; it closes with my observations about current valuations and my plans to expand exposure to international stocks.

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