Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (8253)	11/27/2001 7:33:06 AM
From: s berg	Read Replies (1) of 99280

Warren Buffett's recent analysis of the market fortune.com is especially critical of pension fund managers over decades of investing. Not reassuring if Trimtab's is correct about their being the cause of the current rally. Another interesting part of article is that he is also very critical of how current P/E ratios are computed including future projections of pension fund investment earnings (a recent change in the rules). Yet he uses current P/Es to project future appreciation of market.

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