(fin-edu:extra:euristhics)=
# Euristhics and historical correlations

## Expected returns in the stoch market

### Shiller P/E and S&P500 10-year annualised forward returns

- from Invesco, [Applied philosophy: The Shiller P/E and the S&P500 returns](https://www.invesco.com/apac/en/institutional/insights/market-outlook/applied-philosophy-the-shiller-PE-and-SP-500-returns.html)

### Bogle Expected Return Formula

- Comment by [Ben Carlson](fin-edu:resources:people:carlson), on his [website](https://awealthofcommonsense.com/2025/06/expected-returns-in-the-stock-market/)