The Stock Market Looks More Expensive Than Ever Before Based on Certain Measures, and Warren Buffett's Timeless Advice Has Never Been More Valuable

Key Points Stock valuations are extremely high based on multiple valuation measures, including Warren Buffett's favorite. There are good reasons valuations could be this high, but that doesn't mean there's less risk. Focusing on Buffett's simple investment strategy can help you uncover opportunities in today's market. 10 stocks we like better than S&P 500 Index › Over the last four years, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) have been practically unstoppable in their continued march higher. Despite a number of potentially dislocating events, investors have bought into stock price pullbacks, pushing the indexes to new all-time highs this year.