haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I believe that Paul B is corrrect in his analysis, and that his heuristics and valuation sense are sound, but that the last 15 years have pretty much proved that it is very hard to turn even accurate insights like his into improved market success.
Passive investors who are heavily invested at these levels will get whacked, I don't know when, but real valuations will return to levels significantly below today's.
Active value investors may of may not do any better, unless they are just staying pretty much away from the fray.
Ha
Passive investors who are heavily invested at these levels will get whacked, I don't know when, but real valuations will return to levels significantly below today's.
Active value investors may of may not do any better, unless they are just staying pretty much away from the fray.
Ha