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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (8138)11/16/1997 4:36:00 PM
From: Joseph G.  Respond to of 18056
 
Sankar, << Do you know the typical age of retirement in Wall Street? You may not like to hear>>
I'd guess it probably bifurcates: some "retire" at ~28, and some at ~78. -g-

One little appreciated fact, I fear, is that as interest rates have fallen, and P/Es risen over the years, the fact that discounted values to longer years contribute more and more. Usually, this is compensated by the rise in risk premiums demanded, but not now.

Joe


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