Down with Slogans!

One of my New Year’s resolutions is to wage a war on slogans.  I hope to help my readers to see how they can gain edge through a Contrarian approach to slogans.  This will take a series of posts with different subtopics and examples.  Partly it is my effort to put down pieces of a […]

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P/E vs S&P 500 (50 Years)

Take a look at this great chart of P/E versus the S&P 500.  It does a wonderful job of setting up the valuation question.  You can see what is wrong with it, even without looking for a better model.  The trailing P/E ratio method is poor both descriptively and prescriptivey — the two reasons we […]

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Don’t Fret the Inverted Yield Curve

For those interested in the complete text of the David Malpass report I mentioned yesterday, you can find it here, along with a lot of other good reading in the section on markets. Link: Don’t Fret the Inverted Yield Curve. David is one of the world’s best economists. Following by David Malpass, Cheif Economist, Bear […]

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