Drawing on valuation precedent., page-16

"Great analysis but why has Cochlear resisted this downfall of long duration growth stocks with relatively high PE going down in the current environment?
Also the same could be asked of SHL although it’s PE is fine it’s still sitting at closer to its highs than lows."

Not sure, sorry.

I have no meaningful insights into why various people are buying or selling stocks at any given points in time.

I try to focus on how stocks are valued because that's where I feel I can add some value; how they got to be valued they way they are is mostly beyond my mental faculties.

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