Identifying the Least Risky Equities in Current Market Cycle

We live in interesting times: The global sovereign debt crisis is having a drastic impact on the flow of capital and is challenging many of the beliefs surrounding valuation methods and monetary policy that have driven our global economy to its current position. To help us establish a thesis that can enable us to increase our wealth during this transitory period, we will first need to identify the flaws in current valuation methods, and then establish a new means by which we can value stocks in consideration of the identified flaws.