PE Ratio
Lower interest rates may not, in fact, lead to higher P/E ratios.
In the spirit of dumb alpha, we can say that simple trailing P/E ratios are far better value indicators than forward P/E ratios. Or as I tell my colleagues at work: Never ever use forward P/E ratios. Ever.
For three of the largest religions of the world, last week was an important week of cherished celebrations. Just as each of these institutions needs to look after its flock both now and in the future, financial capital investment… READ MORE ›
With prospects for GDP brightening, it would be an easy mistake to get caught up in the excitement of a return to economic normalcy by pursuing ever-increasing equity valuations. After all, if markets did well throughout the Great Recession,… READ MORE ›