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Bernstein: What's 'Good and Cheap' Today?

Precious-metals equities qualify, but beaten-down emerging-markets and energy stocks aren't quite there yet, says author Bill Bernstein.

Christine Benz: Hi, I'm Christine Benz for I'm here at the Bogleheads Conference. Bill Bernstein is a strategic asset allocator, but he periodically becomes intrigued by asset classes when they get, what he calls, "good and cheap." He is joining me to discuss some of today's unloved asset classes.

Bill, thank you so much for being here.