Remembering a Classic Investing Theory
Read the full article at: http://www.nytimes.com/2007/08/15/business/15leonhardt.html?ei=5087%0A&en=786eff67711f7e21&ex=1187323200&pagewanted=print
Submitted by SilverSlime on Wed, 2007-08-15 23:41.
(via www.nytimes.com)
More than 70 years ago, two Columbia professors named Benjamin Graham and David L. Dodd came up with a simple investing idea that remains more influential than perhaps any other. In the wake of the stock market crash in 1929, they urged investors to focus on hard facts — like a company’s past earnings and the value of its assets — rather than trying to guess what the future would bring.
Graham P/E
Any thoughts on the argument that the 10yr P/E ratio is still at historical highs?
read this nice article on hussman funds about p/e
link is here
http://www.hussmanfunds.com/wmc/wmc070820.htm
and this one too
http://www.hussmanfunds.com/rsi/adjustingpes.htm