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Strategies & Market Trends : Value Investing
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To: Graham Osborn who wrote (57708)8/7/2016 12:55:04 PM
From: Graham Osborn  Read Replies (1) of 78672
 
Needless to say, assuming the combination of (1) indefinitely high/ stable earnings for decades to come (2) virtually no discounting of those cash flows due to ultra-low rates produces infinite values for most stocks. While this logic was not alien to the markets of '29 and '00, it borders on the insane IMHO.
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