<<Global 1000” company shares priced at around 0.5-1.5 x book, 5-8 x earnings, 8-10 x cash flow, 5-10 % secure dividend, 15-20% projected growth, less than 30% leveraged,>>
I got a head ache just reading that...
<<Stocks>>
<<Permanently>>
<<High>>
<<Plateau>>
Jay that quote was said with tongue firmly in cheek.I'm sure that CB's studies could confirm that:
In October 1929, Irving Fisher, a prominent Yale professor,made that infamous announcement..... "stocks have reached what looks like a permanently high plateau."
Of course in December 1996,[ DOW 6,437 ] Robert Shiller, another prominent Yale professor, and John Campbell, of Harvard, warned the Federal Reserve Board that the stock market was poised for a big fall.
Ahh, the arrogance of academia...Although outta their league they continue to apply science to what is an art.......Random walk ..........LOL
Musings from PEZ as he watches a championship boxing match on Showtime...Kostya Tszyu vs Oktay Urkal, super light weights |
