The arrow points to the situation when the book was published in 2000. The US market average PE was 38, which was the most overvalued in history. The author predicted a 10 year annualized return of -5%. So far the predicition is looking good. The US market is still far from cheap by this measure.
The arrow points to the situation when the book was published in...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)