"Link between prices and value has been completely lost" - Paul Wilmott

Paul Wilmott says that the link between prices and value has been completely lost. Watch him on CNBC here



Even Paul, probably the foremost quant today, is not willing to take a call on any asset classes being cheap or overvalued. According to me, he is essentially saying that all the talks of recovery does not make sense and we can see more bubbles in near future. He even says that the problems with risk managers and models is that many models are being used to "HIDE" risks instead of highlighting potential pitfalls.

Watch it, its worth.