Brummer belives that the Stock Market is still cheap

The founder of Brummer and Partners, Patrik Brummer states in an interview with DI.se that he believes that the European stock markets still are fundamentally cheap. Among other things he also states the the market has become more competitive and is harder to generate outstanding returns today as there is higher competition for the same opportunities. Risk taken has also been lower, partially as an effect of lower opportunities and larger size of the funds.