b'In episode 313, we welcome our guest, Rob Arnott, founder and Chairman of Research Affiliates.\\xa0\\xa0In today\\u2019s episode, we start with the U.S. stock market and why today\\u2019s valuations meet Rob\\u2019s definition of a bubble. Rob debunks commonly discussed reasons for why stock valuations should be so high and explains why he doesn\\u2019t agree with MMT. Then we touch on value stocks and Rob\\u2019s recent piece on the lofty valuations for electric vehicles stocks.\\xa0\\xa0As we wind down, hear why Rob is bullish on emerging markets value, and what his new trade of the decade is \\u2013 UK value stocks.\\xa0\\xa0Please enjoy this episode with Research Affiliates\\u2019 Rob Arnott.\\xa0\\xa0\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'