Re:The age-old strategy of buying cheap shares is faltering
by letstryagain2 on Saturday September 19, 2020 @11:46AM
(#24528215)
"You can gauge just how pricey a stock is by looking at its price-to-book ratio,"
"Since 2010 the Russell 1000 value index, which tracks American stocks with low price-to-book ratios and low expected earnings growth, has risen by just 87%, compared with 171% for the market overall."
This reminds me of what Blow-up artist Niederhoffer told me before his second blow up: Price-Earnings ratios have no meaning for long term stock performance :-)
"Since 2010 the Russell 1000 value index, which tracks American stocks with low price-to-book ratios and low expected earnings growth, has risen by just 87%, compared with 171% for the market overall."
This reminds me of what Blow-up artist Niederhoffer told me before his second blow up: Price-Earnings ratios have no meaning for long term stock performance :-)