Warren Buffett’s Favorite Valuation Measure: Watch Out For Minus Two by Steve Blumenthal, Capital Management Group [buffett] “The three great essentials to achieve anything worthwhile are: hard work, stick-to-itiveness, and common sense.” – Thomas Edison A comment I frequently get is that stocks are cheap relative to bonds. My answer is that view is short-sighted and runs head-on into the other side of the low interest rate debate – rising interest rates are not good for stock market returns. What looks cheap today becomes not so cheap when rates rise. The Fed’s zero interest policy (6 ½ years and counting)…
Warren Buffett's Favorite Valuation Measure: Watch Out For Minus Two
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